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NEW DEVELOPMENT: Leasing underway at One Hudson; New look for Sutton classic

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● RELATED RENTALS Leasing launched at One Hudson Related Rentals announced the launch of leasing at One Hudson Yards, its 33- story luxury rental building at 530 West 30th Street . The tower features architecture by Davis Brody Bond , layouts by Ismael Leyva Architects and interiors by Andre Kikoski Architect . Benjamin Joseph, executive vice president at Related Companies , said, “The building provides a comprehensive lifestyle experience with best-in-class amenities and a prime location on the High Line at Hudson Yards.” The stone and glass building overlooks Heatherwick Studio ’s interactive design piece Vessel and The Shed, a new center for artistic invention designed by Diller Scofidio + Renfro in collaboration with Rockwell Group . One Hudson Yards has 178 apartments ranging from one- to three-bedrooms with one four-bedroom home on the penthouse level. Each apartment has 10 ft. ceilings, wide- plank grey oak floors , and extra-tall windows, a modern curtain wall façade an...

250-unit apartment project planned in south Nashville

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Monthly rents at Monterra Apartment Homes to range from $1,195 to $1,700 An aerial view of the 250- unit apartment complex that's planned for 15201 Old Hickory Blvd. (Photo: Submitted) Story Highlights Monterra Apartment Homes will cost roughly $55 million to build at 15201 Old Hickory Blvd. "We have plans to do over 1,000 units in Nashville before we're done," Buffalo, N.Y.- based developer Anthony Cutaia said. Amenities will include a dog park and a resort- style community center with a fitness center. The Maddox Foundation, which offers grants in Northwest Mississippi, was the seller of the property. A New York-based entity has paid $2.5 million for 15.27 acres in the Valley Brook neighborhood in south Nashville with plans for a roughly 250- unit apartment project . Buffalo area-based suburban developer Anthony Cutaia is behind plans for the roughly $55 million Monterra Apartment Homes , which will rise at least three stories on the vacant, multifamily zoned ...

Medical Center draws hotel, apartment development

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Ascent Med Center apartment project next to a 357-room hotel. Ascent will offer units from 339 square feet, with students in mind, to large three-bedrooms aimed at higher-income renters. Photo: Medistar Corp." /> Photo: Medistar Corp. A rendering shows the Ascent Med Center apartment project next to a 357-room hotel. Ascent will offer units from 339 square feet, with students in mind, to large three-bedrooms aimed at higher-income renters. Oil's going for less than $30 a barrel. The high- end housing market is on the skids. And companies are unloading gobs of office space they no longer need. Yet some developers want to keep building. Greystar, an apartment developer with multiple projects under construction here, recently said it would move forward with a plan to build another one: a soaring glass and brick tower of 375 luxury units on a 1.3- acre parking lot next to the Texas Medical Center . "It is a little contrarian, isn't it?" Greystar's David ...

Charleston apartment complex sells for $22.9 million | Business

The sale of apartment complexes continues throughout the Charleston region. Most recently, Atlanta-based Radco Cos. paid $22.9 million for the 198-unit former Woodbridge Apartment Homes in West Ashley. The complex at 2040 Ashley River Road is now called Radius at West Ashley . The sale price included $14.1 million in mortgage debt, according to Charleston County property records . The purchase marks the company's sixth acquisition this year and its second multifamily asset in the Charleston region. It also owns Greenwood at Ashley River at 6520 Dorchester Road. The previous owner of Radius at West Ashley was New Jersey-based  Raia Properties , which paid $14.5 million for the complex in 2006. Radco Residential will manage Radius. Radco plans to spend $3 million, or about $15,000 per unit, to upgrade the community. It was built in separate phases in 1972 and 2003 in 11 buildings on 16 acres. Renovations will include cabinetry, appliances, flooring, lighting, countertops and pa...

Vaseo Announces Basketball Tournament | MultifamilyBiz.com

PHOENIX (March 14, 2011) — Join Vaseo Apartment Homes on March 26 from 1 p.m. to 3 p.m. for a March Madness- inspired basketball tournament and barbecue. Three local schools — North Canyon High, Mountain Sky Junior High and Lookout Mountain Elementary — will compete in the tournament, vying for a first-place prize of $1,000, a second–place prize of $750 and a third-place prize of $500. In addition, a second basketball tournament will be open to the community, with prizes up to $1,000. "Schools are the foundation of our community," says Robert Klein, President of Klein Financial Corporation and representative for Vaseo Apartment Homes ' ownership. "Vaseo is proud to demonstrate our long-term commitment to our children, our schools and the greater Phoenix community though this family event. We proudly invite our neighbors to join us for a fun-filled day of food, music and games, as Vaseo officially launches the 'Vaseo Cares' program." During the ev...

Hot Corner: McCann Starts New Apartments in Pearland Construction Zone

PEARLAND, Texas — McCann Realty Partners, LLC has started construction on the 350-unit Radius at Shadow Creek Ranch Apartments in the Pearland submarket of Houston. Within a half-mile of the site, two hospitals  – HCA Pearland Medical Center and Memorial Hermann – are under construction along with a medical professional building by AMD Asset Holdings . Located west of Highway 288, the  McCann apartments will be built at the southwest corner of Business Center Drive and Discovery Bay Drive , in the Shadow Creek Ranch development . Shadow Creek Ranch is a 3,500- acre master planned community with more than 5,000 existing homes, town center shopping and dining, 700 acres of open space, 300 acres of lakes and 22 miles of hike and bike paths, six new schools and offices, hospitals and community facilities . The Class A apartment project will include 3 story stone and stucco exteriors with attached and detached garages.  Amenities will include a large clubhouse with a state of the a...

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...

Seven Springs Apartments for Rent - 100 Ridgebrook Way Northeast, Atlanta, GA 30345 with 1 Floorplan

Welcome home to the Seven Springs apartments in Atlanta, GA. Here you'll feel the comfort that makes our residents happy to call us home. In one of our Atlanta apartments you have the option between our one and two bedroom apartments for rent, planned and prepared for your specific liking. We know you will enjoy all of our apartments in Northlake. Our pet friendly apartments in Northlake presents you with cutting-edge amenities, precise-groomed grounds and a dedicated staff that contributes to a higher standard of living. Our Atlanta apartments amenities consist of 9 ft. ceilings, designer appliances and lavish ceramic kitchen tiles . Our pet friendly apartments boast convenient shopping , award-winning schools and lush parks, which are all minutes away. Living in one of our Northlake apartments leaves you in close proximity to the 85 freeway, allowing you easy access to all your weekday outings and weekend travels. When looking for a Atlanta, GA apartment for rent, there is ...

Major Development Planned for RiverHouse in Pentagon City

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...

RADCO Expands GA Footprint With 38th Acquisition

The RADCO Cos. completed its seventh acquisition of the year with the closing of the 260-unit Ashford 6860 in Norcross, Ga. RADCO financed the $22 million transaction with private capital and debt furnished by Hamilton State Bank . The company’s proprietary management platform , RADCO Residential, will manage Ashford 6860. Located at 6860 Bebout Drive on roughly 13 acres in Northeast Atlanta, the Class B asset is just a few miles away from interstates 285 and 85. Ashford 2860 is minutes from major retail outlets such as The Forum and Sugarloaf Mills, Gwinnett Place Mall or Sugarloaf Marketplace. Built in 1974, Ashford 6860 consists of 15 two- and three-story buildings. Averaging 874 square feet , the garden- style apartments feature 147 one-, 117 two- and 16 three-bedroom floorplans. According to Yardi Matrix data , amenities include: swimming pool clubhouse fitness center expansive greenspace tennis court playground 450 parking spaces Renovation plans   Formerly known as Tuscana A...

The RADCO Companies Complete Acquisition of 198-Unit Apartment Community for $23 Million

CHARLESTON, SC - The RADCO Companies , one of the nation’s leading opportunistic real estate developers , completed its sixth acquisition of 2017 with the closing of Woodbridge Apartment Homes in Charleston, South Carolina . This is RADCO’s 72nd acquisition since 2011, its seventh community in South Carolina , and its second community in the Charleston market.The 198-unit, Class B property has been renamed Radius at West Ashley. Radius at West Ashley will be proudly managed by RADCO Residential, the Company’s proprietary management platform . Radius at West Ashley is favorably located in the heart of the West Ashley submarket of Charleston, just minutes away from downtown Charleston, College of Charleston, MUSC, and scenic South Carolina beaches . The community’s location and accessibility to major roads allows for an easy commute to the area’s major office facilities and employers, including Boeing. Additionally, Charleston was also recently ranked the 8th best place in t...

Developer seeks zoning change for Westbury apartment hotel project

The developer of a proposed 195-unit apartment-hotel complex at the former Roosevelt Raceway in Westbury is seeking Town of Hempstead approval to change the zoning from industrial to cluster residential housing . The potential zoning change would make way for the estimated $25 million development -- The Portofino -- near Zeckendorf Boulevard and Corporate Drive. The development, spearheaded by the Beechwood Organization , a residential developer based in Jericho, would be designed to attract young people . Most Popular "It employs a lot of principles of smart growth," Beechwood principal Michael Dubb said about the proposed development near Roosevelt Field mall . "It is a walkable community. You can walk to the supermarket, the restaurants and the movies." The town board plans to hold hearings on the proposal Tuesday at 10:30 a.m. in the pavilion adjacent to Hempstead Town Hall . The proposed six- floor apartment hotel would sit on 5 1/2 acres and compris...

Waterton Acquires 404-Unit Urban-Inspired Apartment Community in Hot Metro D.C. Market

ARLINGTON, VA - Waterton, a U.S. real estate investor and operator, announced the acquisition of a 404- unit rental community in Arlington, Va., approximately 3 miles southwest of the Pentagon.Built in 1992 and formerly known as Windsor at Shirlington Village, the property at 3000 S. Randolph St. is being rebranded as The Citizen at Shirlington Village following Waterton’s acquisition. Offering a mix of one, two, and three-bedroom floor plans – 132 units in an eight-story tower and 272 in a low-rise component – the community is located within The Village at Shirlington, a small transit-oriented neighborhood with a host of shopping, dining and entertainment options. “The Citizen offers the walkable, urban-inspired lifestyle many renters seek in an accessible location close to the Pentagon and jobs throughout the D.C. metro,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “Because the property was developed 25 years ago , it also presented us wit...

Waterton Acquires 404-Unit Apartment Community in Arlington, Va.

CHICAGO--( BUSINESS WIRE )--Waterton, a U.S. real estate investor and operator, today announced the acquisition of a 404- unit rental community in Arlington, Va., approximately 3 miles southwest of the Pentagon. Built in 1992 and formerly known as Windsor at Shirlington Village, the property at 3000 S. Randolph St. is being rebranded as The Citizen at Shirlington Village following Waterton’s acquisition. Offering a mix of one-, two- and three-bedroom floor plans – 132 units in an eight-story tower and 272 in a low-rise component – the community is located within The Village at Shirlington, a small transit-oriented neighborhood with a host of shopping, dining and entertainment options. “The Citizen offers the walkable, urban-inspired lifestyle many renters seek in an accessible location close to the Pentagon and jobs throughout the D.C. metro,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “Because the property was developed 25 years ago, it also prese...

Affordable apartments on the way in Spring Hill

SPRING HILL — Dozers and other earthmovers appear to be scraping up enough sand to build a pyramid on Northcliffe Boulevard, just west of Mariner Boulevard. With no informational sign on the property, many have wondered: What's being built? Related News/Archive The answer: Seven residential buildings of two and three stories, consisting of a total of 160 two- and three-bedroom apartments, will rise on the 10-acre site, said Damon Kolb, development associate with Lamson Avenue Apartments Ltd. in West Palm Beach . "We hope to have the first building ready by the fourth quarter this year," Kolb said. The complex will be known as Mariner's Cay. The apartments, up to 24 per building, will be reasonably priced, Kolb said. "We think there is still a market for affordable apartments. Affordable apartments for people who work in service industries has been underserved," he said. The state apparently agrees . The Florida Housing Finance Corp . is providing the develo...

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...