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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...

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...

What you can rent for $3,000 a month in Greater Boston

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Whether you want to live outside the capital, like in Cambridge, Medford, or Weston, or if you’d prefer to live in Boston proper, like in East Boston or the South End, you’ll have plenty of choices if your budget is $3,000 per month. Ranging from single-family homes to luxury condos, here are five options at this price point, ranked from highest price per square foot to lowest: 33 Rogers St., Cambridge $2,900 per month 1 bedroom, 1 full bath 541 square feet $5.36 per square foot . —via MLS . —via MLS This modern condo offers hardwood flooring , floor-to-ceiling windows, and custom built-ins in the bedroom. In the kitchen, which is open to the living space, you’ll find a quartz breakfast bar , under-the-cabinet lighting, and stainless-steel appliances. The unit is located in a boutique, professionally managed building that is pet friendly and has a lounge with Wi-Fi, fitness center , package concierge, and landscaped courtyard. 9 Appleton St., South End $2,900 per month 1 bedroom, 1 ...

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 ...

New Towson apartments will be close to everything

April 28, 2001 | By Andrew A. Green | Andrew A. Green,SUN STAFF A developer is to break ground Tuesday on an apartment complex in downtown Towson that Baltimore County officials hope will demonstrate to other builders that suburbanites are interested in the urban idea of living close to work, shops and entertainment. Residents of the $20 million, 264- unit Dulaney Crescent apartment building will be able to walk to the Super Fresh without crossing a major street. They'll be closer to the Hecht's in Towson Town mall than Hecht's is to Nordstrom. Based on the surrounding traffic patterns , it will be more trouble to drive to the barber shop and dry cleaners than to walk. As sprawl has become a dirty word in recent years, the idea of creating compact communities that unify living, working and playing has become the urban planning vogue , in contrast to much post- World War II development that segregated houses from offices from shops. "I think [the apartments are]...

Inside the River House Apartments » Urban Milwaukee

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Sign-up for the Urban Milwaukee daily email River House Milwaukee’s newest luxury apartment complex is open for business. Residents have begun moving into the River House, a two- building apartment complex at 1785 N. Water St. consisting of 243 units. Developed by Atlanta- based Atlantic Realty Partners , the project marks the first entry into the city for the firm founded by two brothers originally from Whitefish Bay. The company, which has developed approximately 8,000 rental units across the country, has a handful of other developments in the Milwaukee area , including a cluster of buildings on W. State St. in Wauwatosa. I toured the complex in late January with property manager Alexis Criscimagna and Atlantic Realty Partners project manager Matthew Schossow . Criscimagna was upbeat, the first two units had residents and 17 leases were signed. The model units were recently finished and one floor a month was coming online in the first, six-story building. The second building will ...

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...

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...

Greystar Begins Construction on Fort Lauderdale Luxury Apartments

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Fort Lauderdale , Fla.—Greystar has begun construction on Elan 16Forty, a new 261-unit, mid- rise apartment community in Fort Lauderdale ’s growing downtown district , which will also offer 2,300 square feet of retail space. “Elan 16Forty will be minutes from the beach, Galleria shopping, Hollywood Park, the Las Olas district and downtown,” Gary Wallace, Greystar’s managing director of development, tells MHN . “It is the latest community we have developed under the Elan brand.  Elan communities embody Greystar ’s philosophy of developing stylish, high- quality apartment homes in distinctive locations.” Elan 16Forty will offer a variety of one-, two- and three- bedroom floor plans ranging in size from 686 to 1,599 square feet of living space. Units will include stainless steel appliances , custom kitchen islands with European cabinetry, granite countertops with under mount sinks, pendant lighting, bamboo flooring in living areas, contemporary carpeting in bedrooms and ceramic tile ...

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...