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'City' living in the 'burbs? Try an aging office park

By Katherine Shaver The Washington Post From the rooftop terrace of their new townhouse, Keisuke and Idalia Yabe take in their suburban Maryland neighborhood : a staid, 1970s- era office park of glass office buildings and concrete parking garages . The Yabes say they have found the advantages of urban living in a shorter commute and the ability to walk to shopping centers and a park. They also have what feels like the best of suburbia -- mature trees, plentiful parking , Bethesda's sought-after schools and a more affordable mortgage. From the Washington and New York suburbs to North Carolina's Research Triangle Park , traditional corporate campuses that have struggled since the Great Recession are trying to transform from sterile worksites into vibrant mini-towns. In addition to housing, they're adding restaurants, grocery stores, playgrounds and outdoor concert spaces -- anything to draw people in and make them want to stay. Although it might sound strange at first, th...

73-unit apartment complex planned for Kalamazoo's Edison neighborhood

KALAMAZOO, MI -- A 73-unit, four floor apartment building is planned for Kalamazoo's Edison neighborhood . On Aug. 10, the Zoning Board of Appeals approved three variances to Strong Tower Development for various aspects of the proposed building, located in a block of land between 2138 and 2214 Portage St. The development is intended to be a senior housing project , featuring a leasing office, corporate office space  and amenities like a community room and fitness area. This building is planned to contain five market rate units and  68 subsidized public housing units reserved for seniors to relocate from the nearby Heritage Community complex . All units will be single-bedroom apartments, with a bathroom, kitchen, dining room and living room. The building will also have a rooftop terrace and garden. Construction is likely to begin in spring 2018 and finish by summer 2019. The project is in a CN-1, commercial neighborhood district , which requires commercial and retail uses on t...

Forest City sells its last lingering pieces of Tower City for $16 million to the K&D Group

CLEVELAND, Ohio - Forest City Realty Trust , Inc., passed the torch at Tower City Center on Thursday, selling off its final pieces of the mixed-use complex in the heart of downtown. With the sale of the Post Office Plaza and a nearby parking lot , Forest City - once downtown Cleveland's dominant landlord - finished a six-year-long exit from property ownership in the center city. The publicly traded company will stick around as a tenant, moving its headquarters and hundreds of workers from Terminal Tower to Key Tower in the spring. The K&D Group paid $15 million for Post Office Plaza , a 477,000-square- foot office building that is 55 percent vacant. In a separate transaction, K&D paid $1 million for a triangular parking lot next to the Renaissance Cleveland Hotel , west of Public Square. Doug Price, K&D's chief executive officer , confirmed the details during an interview late Thursday . "We think it's a real strategic purchase ," he said of Post...

StoneBridge Investments Acquires 272-Unit Veridian at Sandy Springs Apartment Community

ATLANTA, GA - StoneBridge Investments of Washington, DC has acquired Veridian at Sandy Springs, a 272- unit apartment community in the greater Atlanta submarket of Sandy Springs, for $32 million. The seller, a fund managed by Covenant Capital Group , LLC, was represented by Mike Kemether and Travis Presnell of Cushman & Wakefield. Elliott Throne, Gregg Shapiro, and Ware Shipman of HFF secured acquisition financing through a Freddie Mac loan .Built in 1980 and extensively renovated, Veridian is located at 1800 Windridge Drive within the Perimeter Center , a fast-growing “edge city” that encompasses three small cities: Brookhaven, Dunwoody, and Sandy Springs. It is Atlanta’s largest employment center , with more than 123,000 employees, 31 million square feet of office space, three major hospitals , and six million SF of retail space including the 1. 5 million SF Perimeter Center Mall .“Having acquired a neighboring apartment community , 550 Abernathy, earlier this year, we remai...

55 years in the making, Palma de la Reina takes flight

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Back in the 1960s, developer Richard Cavanaugh used to fly his airplane from Los Angeles over San Diego scouting potential properties . Flying over Rancho Santa Fe , he spotted the ideal open space , a farming area for sale along the San Dieguito River Valley . “I was looking for something for a golf course, as golf course developments were big at that time,” said Cavanaugh, who would soon get his company, Newport Pacific, in touch with a broker about the land he spied. “We put a deal together and proceeded with the design of it. The whole development was always called Whispering Palms …It only took 55 years to get everything I envisioned to happen.” The final piece of that Whispering Palms master plan drafted back in 1962 is finally in place with Palma de la Reina , a mixed-use retail, commercial and residential project on Cancha de Golf at the entrance to the Whispering Palms community of about 600 single-family homes and condominiums, and the Morgan Run Club & Resort. For ye...

The Townhouse Apartments in Stamford, Conn., ready for busy moving season

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As the busy summer moving season reaches its height, The Townhouse luxury apartments in downtown Stamford, CT , is making available well appointed, spacious apartments in an ideal location for work or play. Located near the quaint shops and restaurants of Bedford Street, The Townhouse is also an easy commute to UBS, RBS and GE corporate offices . The Townhouse consists of two beautifully landscaped high - rise apartment buildings : an eight-story building and a separate 12-story tower. About 40 apartments surround an atrium with a contemporary Asian water garden . Apartments boast unique layouts , with interesting angles and variety that mean no two apartments are exactly the same. From one-, two-, and three bedroom apartments to studios with sleeping alcoves to sprawling two- story apartment homes with rooftop gardens, The Townhouse offers homes carefully designed to create abundant living space . Many apartments include high end finishes such as granite countertops, balconies a...

Tamarac Village Apartments - Denver CO 80231

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Tamarac Village Apartments " class="active"> ABOUT Tamarac Village Apartments has 1 review"> REVIEWS 1 Tamarac Village Apartments | 3300 S Tamarac Dr, Denver, CO, 80231"> MAP Tamarac Village Apartments has 0 photos"> PHOTOS Tamarac Village Apartments has 0 blogs"> BLOGS Tamarac Village Apartments has a total of 0 coupons and promotions"> COUPONS About Tamarac Village Apartments Tamarac Village Apartments is a pet- friendly apartment community with fabulous layouts and extra touches including Wi -Fi, an on- site fitness center , fireplaces and spacious kitchens. You have your choice of studio, one, and two bedroom apartments that are unique, comfortable and easy to live in. All this and more are part of the stylish living experience at Tamarac Village Apartments . Tamarac’s convenient location offers incredibly fast and easy access to downtown Denver, Cherry Creek, the DTC and DIA. Located on Hampden Avenue, you ar...

Did Stratford Need The Olympics?

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Lee Valley VeloPark Standing on the tenth floor of TfL's soon-to-be offices in the heart of the Olympic Park, there's a panoramic view of Stratford and the rest of London beyond. The landscape is littered with cranes and unfinished tower blocks like the one we're standing in. Among them there's a sprinkling of former Olympic venues that provided the catalyst for this re-imagined Stratford to occur. Or did they? A huge slice of the changes in the Olympic Park comes from International Quarter London . IQL is run by property development company Lendlease , and totals up to 4 million sq ft of offices. Lendlease also built the luxury apartment complex Glasshouse Gardens in the Olympic Park and, originally built the Athletes' Village for the games. The team here knows intimately the rapid changes the area has undergone. Kevin Chapman, head of offices at IQL, tells us, "what we've had to do is bring the commercial office element into the Olympic Park as part...

The Next Hot 'Hoods in Pittsburgh - Pittsburgh Magazine - March 2016

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We offer our predictions on communities that will rank among the city's most desirable in 2026. Plus a look at developers who are working to make those visions a reality. February 18, 2016 (page 7 of 7) 8 developers with insight who are rethinking our urban neighborhoods   BY DEBRA SMIT G reat neighborhoods — with ample green space , commerce and good housing stock — empower their residents to grow and prosper. Developers are key when it comes to weaving together the physical threads of a community, particularly in urban neighborhoods frayed by years of blight and decay. These are among the developers who are working to revitalize some of the city’s most challenged neighborhoods, striving to be restorers of streets in which to dwell. All have one eye, certainly, on the bottom line. Still, they are well aware of expectations that they give measured consideration to quality of life in the neighborhoods in which they build.   Wi...

Why Data Center REIT CoreSite is Sector Royalty

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If you’re a regular reader of DCK Investor Edge , you know that investors who own data center REIT shares have seen better rewards year-to-date compared to more traditional commercial real estate asset classes like office, retail, apartments, net-lease, and healthcare. Data centers sit squarely at the intersection of real estate and technology, providing space, power, and access to networks and cloud service providers that attract coveted enterprise customers . When it comes to the various REIT sub-sectors, data centers sit squarely at the top, while the broader real estate sector is treading water, down 0.6 percent. Data centers as a sub-sector are chalking up another year of outperformance, following similar gains in 2016. Source: Seeking Alpha – Hoya Capital Real Estate Aug. 18, 2017 Many investors rely on mutual funds and ETFs which own a broad basket of all the REITs. However, this can lead to being overweight on large- cap mall REITs , sho...