Construction Maison

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...

Perryman Construction Management is building the 30-unit multi- family Hayspur development in Nampa. Photo courtesy of Mountain Peak Marketing " width="300" height="169" /> Perryman Construction Management is building the 30-unit multi- family Hayspur development in Nampa, shown here. Photo courtesy of Mountain Peak Marketing Apartment projects are going up across the Treasure Valley from Boise to Meridian to Nampa and to the next frontier in multi- family housing , Kuna. Some 2, 700 apartment units are in various stages of construction among those cities. Some are recently completed and some are being built in phases.  That is a stark contrast to the near zero multi- family construction in 2010 in metro Boise. Multi- family housing has evolved in the 21 st century, largely moving away from large buildings with hundreds of units. Locally, many developers have settled for the common denominator of sets of fourplexes with the occasional six-, eight- ...

Austin, Texas—Epoch Properties has unveiled plans for the second phase of Monterra, an apartment community in Austin, Texas. It will include 11 three- story garden apartment buildings and five two- story carriage apartment buildings , with a total of 256 units. The property will also include a 7,800-square-foot clubhouse with a game room and exercise room. It will also feature an outdoor pool and a Wi-Fi café. According to the developer, Monterra Phase II will incorporate National Green Building Standards . The standards are a rating system for U.S. residential construction, devised by the National Association of Home Builders, and can be used for rating new and remodeled single- and multifamily buildings as well as residential subdivisions. Every effort was made, Epoch says, to conserve the existing trees in the overall site plan. Construction of Monterra Phase II is slated to begin in 2014. Winter Park, Fla.-based Epoch has tapped Forum Architecture & Interior Design to des...

Alyssa Mulliger Staff Writer @AMulligerSHJ An Albany, Ga.-based developer has plans to renovate the now- vacant Fremont School building near downtown Spartanburg to create 41 market-rate apartments. Pace Burt, the project’s developer, said the multimillion-dollar project will preserve the character and architectural integrity of the 102-year-old schoolhouse at 600 Magnolia St. while repurposing it for stylish apartments. “The project is going to be a historical renovation, so we will bring the building back to its original grandeur. There are beautiful columns and workmanship on the brick,” he said. “The apartments will be very upscale and have high ceilings, plenty of windows and original wooden floors .” The new apartments will consist of one- and two-bedroom units that will rent for around $850 and $1,000 per month, respectively, Burt said. The project includes onsite parking , landscaping and a fence that will make it a gated property. No n...

NORFOLK Plans for the new five- story complex north of downtown, featuring shops and more than 200 apartments, were approved three years ago. Last year, the former headquarters of Hampton Roads Transit was demolished to make way. But the 2- acre lot remains nothing but a fenced-off patch of dirt. And a few weeks ago, for-sale signs went up near the fences where renderings used to hang. The developer behind the proposed $42 million complex at 1500 Monticello Ave., next door to Chick-fil-A, said the project isn’t dead – merely delayed by financing problems. “We think it’s still a great site and a great opportunity to do something there,” said Michael Haller, the executive vice president of Fairfax- based developer Concord Eastridge . “We love what’s going on with Norfolk. ... We’d love to be a part of it.” By the end of the year, he said, the company hopes to either partner with new investors or find a purchaser to step in and build the “shovel-ready” project. The pr...

NORFOLK Plans for the new five- story complex north of downtown, featuring shops and more than 200 apartments, were approved three years ago. Last year, the former headquarters of Hampton Roads Transit was demolished to make way. But the 2- acre lot remains nothing but a fenced-off patch of dirt. And a few weeks ago, for-sale signs went up near the fences where renderings used to hang. The developer behind the proposed $42 million complex at 1500 Monticello Ave., next door to Chick-fil-A, said the project isn’t dead – merely delayed by financing problems. “We think it’s still a great site and a great opportunity to do something there,” said Michael Haller, the executive vice president of Fairfax- based developer Concord Eastridge . “We love what’s going on with Norfolk. ... We’d love to be a part of it.” By the end of the year, he said, the company hopes to either partner with new investors or find a purchaser to step in and build the “shovel-ready” project. The pr...

FT. LAUDERDALE, FL - ZOM Florida and The NRP Group recently celebrated the completion and grand opening of Monterra Apartments,  a workforce housing community in Cooper City, south Broward County , Florida. The new 300 unit community began pre -leasing in February 2012 and was 100% leased in April. The units will be 100% occupied in mid July. The property boasts a variety of spacious 1, 2 and 3- bedroom floor plans , featuring nine foot ceilings, and walk in closets. The centerpiece of the Monterra community is a large upscale clubhouse facility , which includes a swimming pool, clubroom with computer work stations , and a 24- hour fitness center . Additional project features include energy efficient appliance and lighting packages, a playground, a covered barbeque area , and a dog park. Project financing included approximately $26 million in NIBP bonds issued by the Florida Housing Finance Corporation , HOME loan funding , and additional loans provided under...

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...