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Developer Plans 70-Story Tower in South Park | Development

With the Wilshire Grand Center open and a 66- story tower recently proposed for Ninth and Figueroa streets, the sky-high action in Downtown Los Angeles continues : Developer Crescent Heights has unveiled plans and renderings for a 70- story South Park building that would have 794 apartments. [Get DTLA stories in our daily email newsletter .] The Miami- based developer is planning the project for the northwest corner of 11th and Olive streets. There would be 12,500 square feet of ground- floor commercial space . A 66-Story Tower at Ninth and Fig? Crescent Heights was drawn to South Park by the neighborhood’s walkability and proximity to the sports and entertainment hub L.A. Live, according to Jerold Neuman, a partner with Liner LLP, which is representing the developer. Crescent Heights purchased the site, which currently houses six one- story commercial buildings , in 2015 for $11.5 million. This would be the company’s first project in Downtown. The budget is estimated at $300 mi...

CBRE : 1 Kennedy Flats hits market; Willow Grove sells for $31M in Danbury

Aug. 23--DANBURY -- A high- profile apartment complex has hit the market in the city, just as another apartment community with a large price tag has been sold. 1 Kennedy Flats, a 374-unit complex in downtown Danbury built in 2016, is on the market for an undisclosed price, according to the real estate website LoopNet .com. Real estate firm CBRE is the exclusive adviser in the sale, according to the website. An official with Greystar, the owner and developer of 1 Kennedy Flats, confirmed the news and said putting the complex on the market shortly after building it was part of the business plan. "It depends on the capital partner, but often times that's how we develop," Daniel Lee, Greystar's senior director of development for New England said. "It turned out great. It's a beautiful property and people really enjoy living there. I think it's a good addition to Main Street and we're very happy with the results." The news of Kennedy Flats bein...

City prepared to kick in $4.6M toward Bottleworks project | 2017-08-15 | Indianapolis Business Journal

The city of Indianapolis is prepared to commit up to $4.6 million to the downtown Bottleworks project , with most of the amount needed to move an electric transmission line running through the site. A 38- page project agreement between the city and developer Hendricks Commercial Properties , set to be approved Wednesday by the Metropolitan Development Commission , outlines city costs associated with the project, along with other details. Beloit, Wisconsin-based Hendricks in July won approval from the Indianapolis Historic Preservation Commission to build the $260 million project on the 11-acre site of the former Coca- Cola bottling plant . Construction on the property at North College and Massachusetts avenues is expected to begin early next year. Plans call for a 136- room West Elm hotel , an eight-screen cinema, office and retail space, and apartments and condominiums. To help prime construction, the city has agreed to pay Indianapolis Power & Light up to $4 million to move ...

RMS’ Van Aken District to become ‘downtown’ of Shaker Heights | Real Estate

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A busy intersection in Shaker Heights is being transformed through the redevelopment of the Warrensville- Van Aken business district . The former Van Aken Center will connect with nearby Shaker Plaza to create the Van Aken District , a new downtown and community- gathering place for the city. Phase one of the $97.2 million project, under construction near the intersection of Warrensville Center Road and Van Aken and Chagrin boulevards, is due to be completed next summer. “There really has been nothing like this in Shaker Heights,” said Jack Bialosky Jr ., senior and managing principal of Bialosky Cleveland, the architectural firm responsible for planning the project and designing most of the buildings in phase one. “It’s a mixed-use, urban development which will really provide public space for the community, all organized around a central triangular park . “It’s going to be a place where the community can come, shop, dine and recreate. It will be a beautifully scaled, contained s...

Neighbors worry 294 new apartments on Nixon Road will worsen traffic problems

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Residents check out the plans for a 294- unit apartment complex on Nixon Road at a meeting Tuesday night at the Traverwood Branch Library in Ann Arbor. Ryan J. Stanton | AnnArbor.com Neighbors of a proposed 294- unit apartment complex at Nixon Road and M-14 say they're concerned about adding more traffic to an already congested area. "It's hell right now," said Cathy Baker , who lives in the Barclay Park condominiums and says traffic regularly backs up on Nixon Road during rush hour. About two dozen residents attended a citizen participation meeting hosted by the developer Tuesday night at the Traverwood Branch Library in Ann Arbor. A map of the site location provided by the developer. Traffic repeatedly came up as a main concern with the project. Residents who live in neighboring apartments and condominiums said they're particularly worried about worsening traffic backups where Nixon Road meets Green and Dhu Varren roads — an unconventional four-w...

Hot property: Tiburon Apartments in Golden Valley

The Tiburon Apartments 9130- 9220 Olson Memorial Hwy ., Golden Valley Type: Rental apartments Units: 142 Lot size: 2.7 acres Developer: Dunbar Development Corp . Details: The concept for a new, 142-unit, market- rate apartment building on the site of a former bowling alley along Hwy. 55 in Golden Valley has received a thumbs-up from the City Council.  The council on Tuesday gave preliminary approval for a planned unit development for The Tiburon Apartments from Golden Valley- based Dunbar Development Corp ., builder of such apartment complexes as Hoigaard Village in St. Louis Park and Laurel Village in Minneapolis. The plans still must receive final approval before ground can be broken for the U-shaped, six-story building in the northeast quadrant of the Hwy. 55 and Hwy. 169 intersection. Earlier plans called for five stories, but developers received a variance. Golden Valley has long targeted the 2.7-acre area as a potential redevelopment site . It currently has a pair of struc...

City staff push for design changes on 13-story concept along E. Livingston

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Illinois-based multifamily developer  Banner Real Estate Group  has the initial support of city staff for its proposed 13-story mixed-use apartment building planned in Downtown Orlando, but has also been put on notice that key design elements must change in the coming months.  Conceptual plans and new renderings for the 13- story building will go before Orlando's Appearance Review Board on Thursday for a courtesy review.  That's being done by the developer, civil engineer  Kimley-Horn  and architect  Baker Barrios  to get valuable early feedback from the ARB and staff on their design, before an eventual Master Plan filing . Banner will have to submit again for a formal ARB review and approval, prior to submitting for building permits.  Banner Real Estate project aerial map" class="trb_em_ic_img" title=" Banner Real Estate project aerial map" src="src" /> This would be Banner's entry to the Central Florida market , with a propo...

Milhaus Announces $38M Apartment Addition to Condos

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by Adriana Pop, Associate Editor Milhaus Development recently closed a construction loan with PNC Bank to build new residences at the Solana Apartments at the Crossing, a $38 million expansion of the former Renaissance Bay condominiums on the north side of Indianapolis. The first phase of the project includes 312 apartments which will be added to the existing 24 units. Forty-six additional apartments are planned for the second phase, the company said. Located near the Fashion Mall, on a lake next to the White River, the community will include studio and one-, two- and three-bedroom units with granite countertops, upgraded appliances and hard-surface floors in the kitchens and bathrooms. The apartments will range between 536 and 3,058 square feet, with rents from $725 to $2,850. Residents will have access to a pool, fitness room, jogging trail and outdoor kitchen. The Indianapolis-based developer has selected the Gene B. Glick Company to build and manage the apartment community . Lea...

Former Nightclub Site Completes Transition To 352-Unit Development

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Houston- based developer Hines has completed construction of its 352- unit Meriel Marina Bay luxury apartment complex in Quincy and an extension of the waterfront development’s boardwalk. The complex built at the former Ocean Club consists of two 5-story buildings with garage parking and 20,000 square feet of ground-floor retail. Callahan Construction Managers is overseeing the project, which is 25 percent leased. The complex provides free resident shuttle service to the MBTA’s North Quincy station . Listed rents start at $2,191 for studio apartments. Managed by Bozzuto, the complex also contains one- through three-bedroom units, with monthly rents starting  at $2,471 for a one-bedroom and three- bedroom units starting at $5,111. Related articles: Tags: Callahan Construction Managers , Hines, Meriel Marina Bay

155 new luxury apartments in downtown Ann Arbor

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The 155- unit Ann Arbor City Apartments is under construction on West Washington and South First streets in downtown Ann Arbor . Daniel Brenner | AnnArbor.com Editor's note: The number of parking spaces to be held by Village Green has been corrected. Related story: Rent comparison : What can you get for $2,500 a month around Ann Arbor? Luxury apartments in downtown Ann Arbor are no longer just for students. The under-construction Ann Arbor City Apartments on the southeast corner of West Washington and South First streets is the first luxury apartment project built downtown in years that doesn’t cater to students. It’s designed for young professional renters as well as corporate relocation. "It's midway between the YMCA and the core of downtown where U-M jobs are," said Susan Pollay , executive director of Ann Arbor's Downtown Development Authority . "I think it feels like, from what I saw, exactly one of the things needed in this marketplace." ...

The ghost estates that still haunt Ireland

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A decade after the crash, Shannon Valley housing estate , on the outskirts of Ballaghaderreen, in Co Roscommon, remains unfinished and partly in ruins. Although the number of “ unfinished housing developments ” has fallen sharply since 2010, Shannon Valley is one of hundreds that still dot the country. The Guls: ‘Every day I put rats in the bin’ Fatima Gul says her little brother, Yousaf, doesn’t like the rats. He jumps up on the sofa or the table in the living room when they come into the house. Their parents don’t allow Fatimar, who is 10, or her nine-year-old sister, Maryam, or Yousaf and his twin, Zohra, who are five, to play near the houses on the other side of their green. It’s too close to the rats and the rubble. Shannon Valley “ ghost estate ” outside Ballaghaderreen, Co Roscommon. Photograph: Simon Carswell" height="349" src="https://www.irishtimes.com/polopoly_fs/1.3181475!/image/image.jpg_gen/derivatives/landscape_620/image.jpg" width="620...