Construction Maison

NORFOLK The housing market may be struggling, but apartment construction in Norfolk continues to boom. The City Council is expected to approve a rezoning today that will allow a 180-unit, $20. 7 million upscale apartment development called the Meadowood Apartments to be constructed off North Military Highway . It would be the seventh apartment complex that opened, received city approval or on which construction began in the past year. Moreover, two other apartment complexes have been proposed. Meadowood would be built on 7.7 acres currently zoned for industrial use on International Boulevard adjacent to a Kmart and the Park Crescent Apartments . Rents would top out at $1,450, said Taylor Franklin, vice president of multi family development for S.L. Nusbaum Realty . It would be a gated community, Franklin said. Nusbaum has either proposed, built or is building four of the complexes in Norfolk. "The apartment market in Hampton Roads remains very strong," Franklin...

Samuelson Development has spent the past 15 years building and managing apartments in Sioux Falls, one of the fastest growing cities in the nation. Now, the construction firm has struck out for the west where it is seeing new opportunities and investing millions of dollars. "We love the Rapid City market ," said Matt Petersen, property manager for Samuelson Development . "Our research showed there was a high demand for luxury housing."  The company, which has about 600 properties in its portfolio, is spending about $16 million on the Copper Ridge Apartments project now under construction at 2000 Golden Eagle Road in southwest Rapid City , project manager John Samuelson said. It is the company's first project in Rapid City. The construction of those apartments, along with the Gateway Apartment project on Marlin Drive in southern Rapid City that has a permit value of $15.1 million, represents a resurgence in the construction of new multi-housing projects...

Apartment rents for new leases in King and Snohomish counties jumped nearly 5 percent in the second quarter and almost 10 percent over the past 12 months, according to a new survey. In the second quarter, the average rent for new leases was $1,405, up $124 from a year ago, market- research firm Apartment Insights Washington reports . The firm tracks rents , vacancies and concessions at apartment complexes with at least 50 units. The annual rent increase for the latest period was the largest seen locally since Apartment Insights began tracking the market in 2005. It also is well ahead of the national average : Texas- based MPF Research said U.S. apartment rents soared in the second quarter and climbed 5. 2 percent annually , a 15-year high. Most Read Stories Unlimited Digital Access. $1 for 4 weeks. “While apartment rents are rising at a significant pace all across the country, the nation’s average price increase is being skewed quite a bit by the surging rents in the Western re...

High- density proposal in El Pueblo Viejo District draws opposition from historic preservationists , Anacapa School unit apartment building is proposed for 800 Santa Barbara St . in downtown Santa Barbara . The project would include eight studios, 10 one-bedroom units and five two-bedroom units; commercial space; and underground parking for 29 vehicles." height="667" width="1000" id="upsize" /> A three-story, 23- unit apartment building is proposed for 800 Santa Barbara St . in downtown Santa Barbara . The project would include eight studios, 10 one-bedroom units and five two-bedroom units; commercial space; and underground parking for 29 vehicles. (Hochhauser Blatter Architecture & Planning rendering) A three-story, 23- unit apartment complex with an underground parking garage has received a key approval for its proposed construction at the corner of Santa Barbara and De la Guerra streets , near El Presidio de Santa Bá rbara State Hist...

Let’s face it: Nobody really knows what to do about the homeless crisis. The sheer numbers of 60,000 people in city shelters and nearly 4,000 more on the streets — many in the latter group psychotic, drug-addicted and violent — overwhelm the best-intended plans to help them. That said, there are better and worse ways to cope with the nightmare. It’s bad enough that the city now spends $2.3 billion a year on homeless services including $1.4 billion on shelter housing , twice what it spent just three years ago. But making things worse : City Hall is now paying landlords more money to put up the homeless than the property owners could make by renting apartments and hotel rooms to non-homeless people at ordinary market rates . Shouldn’t developers be incentivized to create actual affordable housing for permanent residents — not more shelters for transients with no links to a community? The hapless Department of Homeless Services has gone off the deep end at a site in The Bronx, whether ou...

Work is progressing on some high profile housing developments in Terre Haute, but one project is on hold, another has been delayed and a third scaled back.. A shortage of skilled labor and rising lumber costs prompted Thompson Thrift to shelve a planned $28 million, 232- unit expansion of Sycamore Terrace apartments , off New Margaret Drive, according to Paul Thrift, company president. And, after an initial start date set for earlier this year, Carmel- based Mainstreet Student Living is now looking to begin construction in April on a $20 million, 162-unit complex near Union Hospital with completion in August 2019. Mainstreet’s project was pushed back “in an effort to ensure our partners could execute our plans and guarantee an on-time opening,” said Justin Farris, managing director. A third project involving market rate apartments on Sidenbender Road near 25th Street and Margaret Avenue has been reduced in scope with construction scheduled to begin next spring on...

SILVER SPRING, MD — Thursday is the one-year anniversary of the devastating explosion at the Flower Branch Apartments that killed seven residents, two of whom were children, and displaced about 100 people. A vigil will be held to remember the victims Thursday evening . The Aug. 10, 2016 blast was caused by a natural gas leak . A total of 28 apartment units were destroyed, and 50 families were displaced by the disaster. Dozens of residents were injured at the scene, some from burns and others from broken bones as they jumped from the third and fourth floors of the buildings. The vigil will be held by the nonprofit CASA from 7:30 to 9:30 p.m. Thursday in the parking lot across the street of 8658 Piney Branch Rd. The vigil will honor those lost and the families of the victims will be invited to speak. The victims killed in the blast were: Deibi “David” Samir Lainez Morales, 8 Fernando Josue Hernandez Orellana, 3 Augusto Jimenez Sr., 62 Maria Auxiliadorai Castellon-Martinez, 53 Saul Pa...

Imagine in the years ahead that you were to come across a photograph of the Melbourne streetscape from 2017. Two things would immediately signify it as being from today – the number of cranes across the skyline and at street level, the construction hoardings glistening with glamourous promise. Melbourne is now experiencing the most dramatic real estate boom in living history – this feverish development has seen 13,000 new apartments constructed each year for the past two years with plans for another 22,000 over the next few years. And like that photograph of the 2017 streetscape, one can also take another kind of record, a typographic snapshot. Fonts can tell us something about a time and a place. Within the real estate industry , this is centred around branding – and more specifically those ubiquitous logos weaved throughout our urban landscape. In an age when each individual building demands a logo as much as an address, and often these congeal (8 Breese, 85 Spring Street) or fil...

How plunging oil prices are reversing fortunes across Texas. Read all the stories in this series. MIDLAND — Thousands have been laid off. Tax collections are plummeting. Many are on the brink of homelessness.   Rows of drilling rigs and white company trucks sit idle — there’s no telling for how long. And, yet, amid the worst oil bust in decades, the energy capital of West Texas hasn ’t slowed down much. Several oil companies have recently built  office complexes in the area, and drilling continues , albeit at a more sluggish pace. The city plans to build a new convention center, and construction of a municipal courthouse is underway. Several more hotels, apartment complexes and eateries are expected to open   this year, and a second H-E-B grocery store just came online . "For hire" signs are ample, road crews prolific . And people still complain about the traffic. “People from the outside come in expecting to see boarded-up windows, 'for sale' signs everywhere,...

A new study maintains that two-thirds of Denver renters plan to move to another city, a figure higher than the national average, with most listing high rent costs in the Mile High City  as the main reason. At the same time, however, so many people from other places want to move here that the actual number of renters in Denver is likely to remain steady in the near future and could actually rise. These are among the findings in a provocative report from Apartment List. As laid out in the following Q&A with analyst Sydney Bennet , who was heavily involved in the project, renting Denverites have a variety of reasons for wanting to relocate. But the number of those who are considering such a move because of long commute times or concerns about safety, for instance, pale in comparison to folks who simply are having a hard time stretching their dollars far enough to keep a decent roof over their head. As the study notes, the 67 percent of Denver renters who are looking at other lan...