Construction Maison

Ustler Development   and a joint venture partner will pay the city of Orlando more than $5.475 million for a 1.6-acre parcel in Creative Village  to develop market rate apartments with ground-floor retail, which will be the fourth or fifth building to rise in the downtown college campus after it opens in August 2019.  A Parcel M/ Lot 3 land contract will go before City Council on Monday for master developer  Creative Village Development, LLC , which Ustler is a lead figure in, to exercise its purchase option to acquire and develop parcels . It did this earlier in the summer with a JV partner on Parcel J, planned for a 15- story student housing tower . The 1.6-acre Parcel M lies at the southwest corner of Amelia Street and Terry Avenue, directly north of the student housing tower and west of the planned central park area . Ustler's JV partner on Parcel M is solidified but has not been publicly announced, said Craig Ustler, president of Ustler Development .  student housing tow...

Two years ago, developer Mike Harrah joined a bid to purchase the Orange County Register out of bankruptcy. The effort ultimately failed . But the flamboyant local construction magnate with a ZZ Top beard still acquired the Register’s Santa Ana real estate , currently vacant after the publication decamped to Anaheim this spring. With the Register gone, Harrah is now embarking on an ambitious $1-billion plan for the 20- acre Grand Avenue site , proposing to build Orange County ’s tallest buildings, more than 1,000 residences, a 171-room hotel, offices and retail shops. In all, Harrah’s Caribou Industries envisions a 2.3-million-square- foot development known as 625IVE that serves as a gateway to historic downtown Santa Ana , where hip restaurants and shops are opening just a mile away. And he’s signed up prominent architecture firm Gensler to work on it. Harrah, himself, has been credited with helping kick-start the revitalization early last decade after he acquired buildings in t...

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...

Nearly 1,100 new apartment units could be coming to Pentagon City as part of a major planned development of the 37- acre RiverHouse apartment complex . RiverHouse owner Vornado presented the initial development plans to largely skeptical members of the Arlington Ridge Civic Association last night. The plans call for 934 new market rate apartment units , to be added to the existing 1,670 units on the site across three buildings, which date back to the 1950s and 60s. Vornado is also proposing a 150 unit, stand-alone affordable apartment building , to be developed with a nonprofit affordable housing partner . The new market rate units will be built across three buildings, each about seven stories tall — half the height of the existing buildings — to preserve the views of condominium residents on Arlington Ridge . The first two buildings are to be built on what is currently a surface parking lot across from the Pentagon Row courtyard . Between the buildings will run a pedestrian co...

CBRE SL Green sells suburban office property for $97M SL Green and TH Real Estate have sold Stamford Towers in Stamford, CT for $97 million. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s Institutional Properties represented the sellers. CBRE Global Investors purchased the Property. Stamford Towers is comprised of two adjacent Class A office buildings located in the Stamford CBD, one block from the Stamford Transportation Center . The property is also near the 722,000 s/f Stamford Town Center Mall (anchored by Macy’s, Barnes & Noble, H&M, and Saks Off 5th) as well as dozens of restaurants and retails options. Stamford Towers is currently leased to institutional and high credit tenants , including Citigroup, UBS Financial Services , H/ 2 Credit Manager , Titan Advisors, Gerald Metals, Bank of Ireland, Oaktree Capital, Oppenheimer, CoreCommodity and Newmark, among others. Recent capital improvements include the addition of a fitness center and basketball court, c...

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...

IRVING, Texas , June 14, 2017 /PRNewswire/ -- Dallas Metro's Las Colinas submarket is embarking on the next chapter of its success story. Jefferson Eastshore , a 286-home Class A luxury apartment community has closed financing and started construction, according to experts at JPI, a leader in the development of Class A multi- family housing . The community will feature modern amenities such as conditioned corridors, a rooftop terrace overlooking Lake Carolyn , urban mud rooms , private yards, separate showers, and quartz countertops and is expected to be begin initial occupancy in fall of 2018. " Las Colinas continues to outperform the Dallas Metro submarket," said Matt Brendel , senior vice president and development partner at JPI. "With its access to the best lifestyle amenities the submarket has to offer, we predict Jefferson Eastshore will be extremely su...

StreetLights Residential has commenced construction StreetLights Residential Infill Project in Uptown Dallas" src="https://media.atre.yardi.com/2/38577/images/StreetLights-Residential.jpg?w=217&h=300" alt="" width="217" height="300" />on a new high- rise development that will add 212 luxury apartment homes to Uptown Dallas. To be located on a one-acre pad just off McKinney Avenue at the Maple/Routh connection and Thomas Avenue, the 23- story residential tower will feature one- and two- bedroom floor plans . Moreover, the complex will offer penthouse options with views of the Dallas skyline. The interiors are being designed by Waldrop + Nichols Studio L.L.C. The landscape will be designed by Studio Outside. “The project’s proximity to both Uptown and downtown Dallas provides an ideal location,” said SLR CEO Doug Chesnut . “The landscape of Dallas’ urban core has changed dramatically over the past few years, and we are excited to ...

Offices, a grocery store and “micro-condominiums” might soon rise out of the ground on a prime piece of land in West Palm Beach west of Northwood Village. These are the first projects that Boca Raton-developer Mario Caprini wants to build as part of an ambitious $70 million complex dubbed Northwood Common s, on a 3.5- acre parcel owned by the West Palm Beach Community Redevelopment Agency . Can Caprini get the job done? His company’s website lists his prior development work in Canada and Ohio, including 1,000 residential units, 5 million square feet of industrial parks and “hundreds of thousands” of square feet of office, retail and medical buildings. In South Florida, Caprini recently completed construction of a “green” home in Pompano Beach at 4620 N.W. 18th Ave. The project, dubbed Modernista, was recognized by the mayor of Pompano Beach in March and won a national award in February from the Structural Insulated Panel Association , earning first place in the affordable housing...