Apartment Choice

The historic LaSalle Bed and Breakfast Inn will have a new owner, but it will continue providing downtown innkeeping under the same name, its longtime owners and the buyer said. Clark and Rose- Aimee Butler sold the inn business and property Tuesday to Mike Anderson, a real estate investor who describes himself as an "old house nerd" whose West Central Properties business owns 175 residential units — including the Sheridan Court Apartments on Union Street — in the historic West Central neighborhood west of downtown. The sale price was not disclosed. The sale includes the LaSalle inn's historic main house at 517 W. Washington Blvd. and the even older Sion Bass House & Spa just east of it at 509 W. Washington Blvd. "What Clark and Rose-Aimee put together long ago still is going to ring true," Anderson said. The primary use of the buildings will remain a bed and breakfast inn, but a portion of the space will be set up as market- rate residential unit...

A state tax credit that is helping riverside restorations of historic properties in Aurora and Elgin now is set to last through 2021 after Gov. Bruce Rauner approved an extension Friday afternoon . The River Edge Redevelopment Zone Historic Tax Credit program had been set to expire Dec. 31 after lawmakers last year granted it a one- year extension . advertisement But Rauner, while visiting Aurora University on Friday, signed a bill sponsored by several suburban legislators to keep it going another four years. Aurora officials said Mayor Richard Irvin had lobbied for the bill in Springfield and welcomed the signing of it as positive economic news for the city. In the City of Lights, the tax credit has given $3 million toward a $20 million project to revamp the former St. Charles Hospital into senior housing. Officials might also use it to turn the Hotel Arthur and Stanley Furniture buildings into...

Mainstreet Cleveland announced Friday award recipients for the Mainstreet Cleveland Property Enhancement Grant program .  Ten properties in downtown Cleveland were selected to receive grants totaling $54,953.  Based on the investments of these 10 projects, a total of more than $240,000 will be reinvested into downtown properties.     The Mainstreet Cleveland Property Enhancement Grant was formed to encourage building owners and tenants to invest in properties located within the Mainstreet Cleveland footprint by financially assisting with building needs that serve an appropriate public purpose and benefit.   Positive building appearance has been proven to increase property values , improve the marketability of space within the building and attract new businesses, residents and visitors to an area, said officials.  This decision was a difficult one for the grant selection committee , 24 quality applications were submitted.  In fact, the projects were so impressive that the Mainstre...

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 ...

Quizzes Lists Topics Save The River Terrace Apartments is an apartment building located at 7700 East Jefferson Avenue in Detroit, Michigan. It was listed on the National Register of Historic Places in 2009. [1] River Terrace Apartments was one of the first two garden apartment complexes built in Michigan which used loan guarantees from the Federal Housing Administration , the other being Hillcrest Village in East Lansing. [2] History By the late 19th century , the corridor along East Jefferson Avenue had become a prestigious residential neighborhood . As the automobile age dawned in the twentieth century and Detroit's population boomed, large upscale apartment buildings were constructed along the Avenue. However, this boom in apartment construction collapsed at the start of the Great Depression. However, in 1939, Wesson Seyburn, along with Leonard P. Reaume, of the property management firm of Holden & Reaume, applied for a building permit to construct this apart...