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Sierra Vista Apartments now open for occupancy | Sturgis

The Sturgis Area Chamber of Commerce hosted a ribbon cutting ceremony welcoming Dane Goetz and Cody Byrum, owners of the Sierra Vista Apartment complex constructed on Ball Park road . "It goes back two years when a local banker that is involved in economic development called and asked if we would be interested in building housing in Sturgis" said Goetz. After a tour of Sturgis and viewing different options Goetz said "with the help of the City and Economic Development Corporation , we decided to come to Sturgis and build on Ball Park Road ," The current site has three acres and would accommodate a total of 48 units. The overall master plan is to build one complex per year and with the current occupancy it would appear plans would move forward with another 16 units in 2016. The current building has 16 units nearly complete and 10 are rented. Families began moving in on Friday, Oct. 30. The complex consists of 11 units that have two bedrooms, two apartments have...

Developer's $1-billion plan for old O.C. Register site envisions a 'mini urban city'

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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...

Mid-year economic check: Fort Worth retail, real estate thriving | News

The commercial real estate landscape in Fort Worth is thriving despite some blips in retail due to the changing behavior of shoppers and growing competition. But a bright spot in the Fort Worth retail market is the opening of several new upscale stores in the Clearfork development, including a Tesla auto showroom . Experts offered some insight and predictions on the local commercial real estate market , painting a largely rosy picture of the current landscape at a Business for Breakfast Series session on Aug. 23 sponsored by the Fort Worth Business Press . One of the biggest challenges is the retail industry and it’s a national as well as local situation arising from being “over-stored,” said Steve Coslik, chairman and CEO of the Woodmont Co., the Fort Worth- based property management company that manages about 20 million square feet of retail shopping centers , enclosed shopping malls and outlet centers in 22 states. “Retailers are going through a terrifying challenge righ...

Apartment boom slowing; labor shortage, rising lumber prices cited | Local News

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...

Council OKs South Pointe apartments

Private yards, a man cave, a dog park and Package Concierge are a few of the amenities that will be offered at The Julian at South Pointe apartment complex . The 436-unit complex will lease for $1.49 a square foot when it opens in 2018, said Kim McCaslin, vice president of MR Development. Pre-leasing will start by the end of 2017. The City Council unanimously approved the detailed site plan for the project at its Monday meeting. The apartments are proposed on Harmon and Lowe roads. Only 36 percent of the units will be two bedrooms. The remainder will be one bedroom. No three-bedroom units are proposed. McCaslin said they wanted to offer new amenities at this complex that they don’t offer at the Villagio Apartments on Debbie Lane. Councilman Larry Broseh praised McCaslin for the Villagio project . “I’ve never seen a nicer setup than what you have there,” he said. McCaslin responded , “We’re hoping this one will be better.” Diamond Creek tabled indefinitely The council tabled the co...

Detroit Shoreway apartments, Intesa project and Legacy Village expansion secure Port of Cleveland financing OKs (photos)

CLEVELAND, Ohio -- A Lyndhurst hotel and a pair of projects that will bring nearly 500 apartments to Cleveland won financing support Tuesday from the Cleveland- Cuyahoga County Port Authority . The port's board signed off on nearly $200 million in real estate- related bond transactions , setting the stage for construction to start within months on a trio of projects. The agency acts as a conduit for development financing, issuing bonds and helping to structure deals that involve longer terms , lower interest rates or cheaper construction materials than a borrower might find in the private market. Tuesday's headline deals were: A  Hyatt Place hotel and a 355- space parking garage at the Legacy Village shopping center in Lyndhurst. Developer Mitchell Schneider hopes to start construction in May and to complete the $33 million project by June 2016, in hopes of grabbing hotel- room demand generated by the Republican National Convention in July. The 135-room hotel and gara...

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...

How Can We Keep Housing Affordable? - Charlotte Magazine - September 2017

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As teachers, cooks, cashiers, and bus drivers are being priced out of Charlotte, one question looms: How does a growing, thriving city in modern America keep housing affordable for its working-class citizens? By RACHEL JONES Published: 2017.08.23 06:21 AM Jacqueline Ingram (middle) works full-time at the Ross Dress For Less distribution center in Rock Hill. But in this booming region, her salary isn’t enough to comfortably buy a home for her and her kids, 12-year-old Nya and five-year-old Rejonee. PHOTOS BY ANDY MCMILLAN ONE RECENT SUNDAY AFTERNOON , Jacqueline Ingram and her two daughters explore an empty four-bedroom house for sale on a Brianna Way cul-de-sac in southwest Charlotte , filling it with their dreams along the way. “This one is mine,” 12-year-old Nya says of an upstairs bedroom with a view of the Clanton Park neighborhood . “I could put my chest over there, and my table there.” As five-year-old Rejonee sprawls out on the carpet in the room across the hall, In...