Posts

Spring Hill May Be Revitalized By Apartments

A Developer Is Planning To Build 108 Moderate-income Rentals In One Of Volusia County's Most Blighted Areas. September 29, 1998 | By Holly Kurtz of The Sentinel Staff DELAND - One of Volusia County 's most blighted neighborhoods soon could house its first apartment complex. The 108 moderate-income rentals would cost $6 million to build on 10 acres at the corner of Clara and New Hampshire avenues in Spring Hill, according to a presentation made at a recent DeLand Area Chamber of Commerce meeting. Rents would range from $475 to $550 a month in the complex, which would be developed by Straka and Associates of Cape Canaveral. Real estate agent Troy Baumgartner , who is representing the land owner, wouldn't comment Monday. He said he would release a statement by week's end. Construction could hinge on the Low Income Housing and Tax Credit Program , which allows up to one Volusia County developer per year to receive a state tax credit , $500,000 in federal housing money a...

Inside Milestone Apartments REIT’s $1.9B Acquisition

Image
Milestone Apartments REIT has entered into an agreement with Starwood Capital Group to acquire, by way of merger, Landmark Apartment Trust for $8.17 per Landmark share in cash, representing a total enterprise value of approximately $1.9 billion. The acquisition is expected to close in early 2016. Kirkland & Ellis LLP advised Starwood Capital Group and Milestone Apartments REIT in connection with the agreement’s execution. Milestone announced the acquisition of 100 percent interest in 15 high-quality, garden- style properties totaling 4 ,172 units from Landmark Apartment Trust for a gross purchase price of $502 million. The properties average 10 years in age. This acquisition is in line with the REIT’s growth strategy to enhance its portfolio and improve its operating margins and cash-flow position. Starwood will acquire Landmark’s interest in 63 properties, to be managed by the REIT. Milestone also announced its Board of Trustees has approved an approximate 11 percent incr...

The technology behind SAIL's first day of school

Image
Touch-screen laptops are just one of many modern conveniences for students at SAIL; WFXG. EVANS, GA (WFXG) - It is the first day of school for one of Columbia County 's latest academic additions . The faculty at the School for Arts-Infused Learning, or SAIL, is eager to start teaching. When the student body of more than 400 kids files into the building, it will be met with some of the most modern classrooms in the country. SAIL does not have a bus system, so every student is a car rider. The Blanchard Woods Park area will be exposed to a  higher volume of vehicles than most any time in the past. And with students from as far away as Jenkins and Bulloch counties coming , efficiency is a priority. There is a $10,000 top-of-the-line car-rider system in place to ease immediate traffic concerns. Parents will have an electronic tag on their windshields, triggering a system that will notify students when their rides arrive. Columbia County traffic engineers are well aware of the possib...

Who is building near you?

ANSTEY. P/17/1647/2 Applicant Mr & Mrs Watson. 139 Cropston Road Anstey Leicestershire LE7 7BR . Erection of conservatory to rear of dwelling. P/17/1525/2 Applicant Mr J H Whait. 88 Bradgate Road Anstey Leicestershire LE7 7FB . Remove 1 Sycamore tree and 2 Fir trees ( Tree Preservation Order ). P/17/1477/2 Applicant Mr & Mrs Allan. 343 Link Road Anstey Leicestershire LE7 7ED . Discharge of conditions 3 and 4 of P/17/0871/2 - Landscaping. BARROW-UPON-SOAR. P/17/1652/2 Applicant Mr and Mrs Coyne. 14 Holbourne Close Barrow On Soar Loughborough Leicestershire LE12 8NE . Formation of first floor balcony with new doors to side of dwelling. P/17/1617/2 Applicant Mr Pole. The Old Vicarage 1 Church Street Barrow Upon Soar Leicestershire LE12 8HP . Crown reduction to 1 horse chestnut tree (T1) by upto 4m. ( Conservation Area Notice ). BIRSTALL. P/17/1595/2 Applicant Mr Paul Morris. 68 Park Road Birstall Leicestershire LE4 3AW . Erection of 2 storey extension to rear of d...

Are My Mid-Twenties Too Early for Me to Be Buying an Apartment?

Image
I have the money with my salary and inheritance, but I'm worried that buying would alienate me from my friends just making ends meet. Mia Feitel Aug 25, 2017 Dear E. Jean: I'm 25 and lucky enough to have been given a not-insignificant amount of money by my family. I have a great job that pays my bills, and I live a pretty normal life —my friends know I'm comfortable, but they don't know how comfortable. I've been looking for a new apartment, and I'm considering buying instead of renting. It's financially feasible for me—I can easily afford the down payment with the money I've inherited, and a mortgage payment would be just slightly more than what I pay in rent. Advertisement - Continue Reading Below I want to put down roots, have my own place, and be able to really feel at home, not to mention make a great investment. But I'm worried that this will alienate me from my friends and boyfriend, who are in their midtwenties and just making ends meet . I...

Here's the Truth About Wood Veneers

When you learn that a piece of furniture has a veneer, does it make you cringe a little? Admittedly us, too. But wood veneers, in fact, are a traditional and structurally significant aspect of furniture-making that still come into play in contemporary design. "Wood veneers have been used in furniture-making and millwork techniques for over 200 years," says interior designer Cate Caruso , of Studio C, who uses them for all kinds of high- quality custom furnishings . In woodworking, a veneer is actually a "paper thin" cut of wood that's applied to both sides of a strong core surface , like furniture-grade MDF or substrate material, to seal and stabilize it—which is critically important when you're fashioning built-in furniture or anything with a mechanism. The reason is simple: Solid wood expands and contracts as the temperature changes, and your apartment isn't temperature controlled no matter how powerful your A.C. unit is. A dining table, for instance...

UK politicians hold a tearful vigil for a clock because they clearly have nothing better to do

Image
240 Shares Big Ben has been silenced. Image: Alberto Pezzali/NurPhoto via Getty ImagesNurPhoto via Getty Images By Rachel Thompson 2017-08-21 16:45:38 UTC Just in case you were in any doubt about the world falling apart, British politicians confirmed our worst fears today by holding a silent vigil for a bell. Big Ben, to be precise.  At midday on Monday, Big Ben sounded its final bong for four years. The iconic Elizabeth Tower , which houses Big Ben and the Great Clock, will be undergoing repairs and the bell must be stopped for the safety of the workers. The only thing is: the bell will still ring on special occasions. So, it's technically not going to be silent for the next four years. Nonetheless, a group of MPs with nothing better to do decided to hold a silent vigil. It's not like the country's in the midst of Brexit chaos. The vigil's ringleader Stephen Pound MP told the Telegraph the vigil intended to mark the passing of "something that you don't k...