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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 ...

Affordable Senior Community Opens in Richmond, IL

Full Circle Communities is bringing much- needed affordable senior housing to Richmond, Ill. Creekview Apartments, a 25-unit community, opened its doors to low-income seniors 55 and older. Novak Construction served as the general contractor of the $ 6 million project . Located at 5615 Liberty St., the new 22,000-square- foot community features one- and two-bedroom apartments for $866 and $1,039, respectively. Property amenities include a computer lab, library, community room and an on- site property management office . Full Circle Communities also provides concierge amenities, including transportation services , case management , medical screenings and health and fitness resources. A natural wetlands buffer and generous landscaping with walking trails provide for an environmentally-friendly outdoor setting ENERGY STAR Certification The three-story facility is ENERGY STAR Certified and features include high -efficiency heating, cooling and ventilation systems , comprehensive wat...

Sandy Springs Leaders Approve Ashton Woods Project

Sign up for the Sandy Springs Patch newsletter ! --- After two and a half hours of discussions and debate, the Sandy Springs City Council voted to approve a large mixed-use development that will accommodate the relocation of Mercedes Benz USA headquarters to the city. Council members on Tuesday voted 5 -1, with Graham McDonald opposing , a request from Ashton Woods to rezone 75.752 acres at 6615 and 6565 Glenridge Drive from R-2 (residential) to MIX to construct a mixed-use development featuring office and commercial space , single family residences and multi- family residential units . The audience, which totaled well over 100 people, included many residents in opposition and many stakeholders from the Sandy Springs business and civic communities who expressed their desires to see the project approved . Assistant City Manager Jim Tolbert provided the audience and Council a brief overview of the project, which he called “a very complex case.” City leaders approved the project w...

Elco Landmark Apartment Trust Acquires Six Assets

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Amelia Ridge, located in Cary, N.C. Texas & North Carolina —Elco Landmark Apartment Trust Holdings (doing business as Elco Landmark Residential ) has announced a series of transactions. Combined, the firm has added six properties (four in Texas, two in North Carolina ) to its portfolio. On Wednesday the company announced that it had partnered with DeBartolo Development and LEM Capital to acquire four garden- style assets located in San Antonio and Austin for approximately $44 million. Collectively, the Texas portfolio consists of 771 units that are 95 percent occupied. Elco plans to implement a renovation and repositioning program on the assets. “The acquisition of these assets is another example of our unique ability to source attractive investment opportunities in high- growth metropolitan markets located across the South,” says Joseph Lubeck, CEO of Landmark Residential . “We look forward to leveraging our redevelopment and repositioning expertise to improve the quality of e...

• Country View Apartments • Tucson • Arizona •

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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...

Southmont Apartments: Worst in Fayetteville Says the City

FAYETTEVILLE, AR -- - The city said it's one of the worst apartments in town. The Southmont apartments in South Fayetteville, right off MLK Jr Blvd. have had 4 city ordinance violations in just the last year.  "I can deal with my house flooding, but my kid getting shot..that's where I draw the line," said Kimberly Winner Southmont resident .  Fayetteville police said they've been called to Southmont apartments 7 times, in the past month, for calls of shots fired.  When you're walking around the Southmont apartment complex , you can expect to find everything from broken windows, black mold and even bullet holes in some buildings. A family owned the complex for 40 years, then sold it last year. Since then, there have been three different owners.  Mark Whitaker, Fayetteville Building Safety Director explained , "Whoever owns it has an obligation to keep it maintained and serviceable. Of course when they're constantly changing, who is the maintenanc...

River Terrace Apartments

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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...