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Inwood Rezoning Could Generate 4,300+ New Apartments

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Draft Scope of Work for the Inwood Rezoning Proposal A map from the Draft Scope of Work indicating red projected development sites (most likely) and blue potential development sites (less likely) by the year 2032. The de Blasio administration predicts its proposed rezoning of Inwood will stimulate the creation of 4,348 new apartments by 2032, of which a portion would be rent-restricted under the city’s mandatory inclusionary housing policy , according to a city document released last Friday. The rezoning is also expected to create 1,135,032 square feet of commercial space, 472,685 square feet of community facility space , and result in a loss of 50,614 square feet of industrial space. To give a sense of the scale, there are more apartments anticipated in the East New York rezoning area , but fewer in the downtown Far Rockaway rezoning area . The document in question is the rezoning’s Draft Scope of Work, which describes the details of the proposal, projects the rezoning’s develop...

Calvera Partners Sells Atari-Themed Apartment Community in Sunnyvale for Considerable Gain

SAN FRANCISCO, CA - Calvera Partners , a California- based private real estate investment firm , sold pksl (pronounced “pixel”), a 37- unit apartment building located at 1090 Sunnyvale Saratoga Rd. in Sunnyvale, CA, for $15.7 million ($424,000 per unit), an 89% increase over the building’s acquisition price of $8.325 million in January 2014.Home base to the original tech darlings Atari , AMD and Yahoo, the pksl project was the transformation of a 1960s- era apartment complex , formerly known as Crestview Terrace. With a mission to reposition underperforming properties with creative and authentic brands, high value tenant amenities, and modern design, pksl underwent a major transformation. “This community underwent the most significant physical change of any property we’ve owned,” said David Saxe, managing principal at Calvera Partners . “It was in disrepair when we took ownership and needed a major renovation and image upgrade. We spent more than $2.5 million renovating t...

Calvera Partners Sells Atari-Themed Apartment Community in Sunnyvale for Considerable Gain

SAN FRANCISCO--( BUSINESS WIRE )-- Calvera Partners , a California- based private real estate investment firm , today sold pksl (pronounced “pixel”), a 37-unit apartment building located at 1090 Sunnyvale Saratoga Rd. in Sunnyvale, CA, for $15.7 million ($424,000 per unit), an 89% increase over the building’s acquisition price of $8.325 million in January 2014. Home base to the original tech darlings Atari , AMD and Yahoo, the pksl project was the transformation of a 1960s- era apartment complex , formerly known as Crestview Terrace. With a mission to reposition underperforming properties with creative and authentic brands, high value tenant amenities , and modern design, pksl underwent a major transformation. “This community underwent the most significant physical change of any property we’ve owned,” said David Saxe, managing principal at Calvera Partners. “It was in disrepair when we took ownership and needed a major renovation and image upgrade. We spent more than $2.5 million ...

As UConn returns, a chapter in Hartford’s history is completed

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UConn’s place in the Hartford skyline . Hartford — For nearly a half-century, the University of Connecticut has had no place to call its own in the state’s capital city. Today that changes as Connecticut’s flagship university opens the doors of its new $140- million downtown branch campus on Prospect Street . The arrival of the campus, which comes after five years of false starts and setbacks, is a milestone for the university and the city of Hartford. Hundreds attended the grand opening ceremony downtown Wednesday morning . For UConn, it marks the institution’s return from the suburbs into the heart of the city – where the school first opened its Greater Hartford branch in 1939. It moved to West Hartford in 1970. The university, in the years since, had been able to continue to claim a “presence” downtown. Some of UConn’s graduate business programs are housed in a space it leases in 100 Constitution Plaza, and the university’s basketball and ice hockey teams play games in the XL ...

Behind the Scenes of the Michelle Carter Verdict

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<?xml version="1.0" encoding="UTF-8" standalone="no"????>AuthorCreated with Sketch. By Jesse Barron Aug 23, 2017 The text messages started the night her son went missing. Lynn Roy saw the first one around ten-thirty on July 12, 2014: "Do you know where he is?" She saw the second the next day: "Did you call the police yet?" Then a third: "Any news?" The sender, Michelle Carter , was familiar to Lynn as a girl her son, Conrad, texted. She guessed they were friends. It turned out Michelle was right to be worried: That afternoon, July 13, police found Conrad in the parking lot of the Kmart on Route 6 in Fairhaven, Massachusetts, asphyxiated by the carbon monoxide from a water pump in the cab of his F-250. Advertisement - Continue Reading Below Advertisement - Continue Reading Below "Our songs, listen to them and remember me." A few days later, Conrad's father, Conrad Roy II, discovered a spiral-bound jou...