Construction Maison

The Town Council gave its unanimous approval for a development agreement and the concept plan for the proposed Copper Ridge senior living development at its regular session on Aug. 18. The proposal would develop the vacant 12.24-acre site that wraps around the Bashas’ shopping center. The new development would be built along Avenue of the Fountains from LaMontana Drive to Westby Drive and north along Westby to Palisades Boulevard. The project is planned for three phases, the first of which would be a 132- unit age restricted (62 and older) complex at Avenue of the Fountains and Westby. The initial phase also includes a 19,000 square- foot community clubhouse , parking and a park/drainage detention facility along Westby. Phase II includes a two-story, 80, 000 square foot assisted living facility with 60 living units and 52 memory care/physical rehabilitation beds. A commercial component would make up Phase III at opposite ends of the site. A 12,000 square- foot commercial retai...

DENVER, CO--(Marketwired - Aug 12, 2015) - Griffis Residential , a Denver- based multifamily investment and management firm, announced today that it has acquired Falcon Ridge Apartments , a 296-unit Class-A multifamily community located in the vibrant South Congress area of Austin, Texas. With the Falcon Ridge acquisition , Griffis Residential currently owns and manages approximately 6,700 apartment units in Colorado, Texas, Nevada and Washington. " Falcon Ridge Apartments is an institutional quality asset in a superior location near Austin's employment- rich Central Business District ," said Griffis Residential Executive Chairman , Ian Griffis. "Falcon Ridge is a perfect choice for renters who are looking for close proximity to Austin's urban employers and high- quality amenities at a more attractive price point than new midrise properties in the area." Effective immediately, Falcon Ridge Apartments has been renamed Griffis SoCo Austin . For commun...

PR Newswire NEW YORK, Aug. 15, 2017 /PRNewswire/ -- Bluerock Value Exchange ("BVEX") announced today the sellout of its latest 1031 exchange program , BR Big Creek, DST, a Class A, 372-unit, apartment community ("the property") located in Alpharetta, Georgia. The securities offering was fully subscribed for more than $35 million in capital. Completed in 2016, Big Creek is a class A apartment community in the affluent, high growth, mixed-use neighborhood of Alpharetta in Atlanta, GA. In keeping with the value creation strategy of BVEX, the property offers steady cash flow with upside potential in rents. "Bluerock Value Exchange concentrates solely on acquiring high-quality, Class A 1031 replacement properties with potential to deliver attractive current cash flow and grow investor capital . There's significant need, particularly among independent broker dealers , for high- caliber replacement properties from established sponsors with proven performance...

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...

The first wave of residents has just begun moving into Starkweather Lofts , Plymouth's newest luxury loft - style apartment development situated between the city's historic Old Village and Hines Park. Starkweather Lofts, a $21.1 million project, is the first major multi-family development to be built in the City of Plymouth in more than 12 years. Pent up demand for high-quality new construction in Plymouth is now being met. Over 90 percent of the units in the first phase of leasing are already occupied, according to Shelby Fulkerson Leasing Director for Starkweather Lofts. Phase II occupancy runs August 22 thru August 31 with Phase III wrapping up mid September. The new high-end, 93- unit residential development , which consists of two, four-story buildings, is located on a lush 5.8-acre parcel with a fountain, park and pavilion along Plymouth Road near North Holbrook Street . It is adjacent to an extensive trail system that allows residents to walk, run or bike from Star...

Mack- Cali Realty Corp . (NYSE:CLI) Q2 2017 Earnings Conference Call August 03, 2017 08:30 AM ET Executives Michael DeMarco - President and Chief Executive Officer Anthony Krug - Chief Financial Officer Marshall Tycher - Chairman of Roseland Residential Trust Analysts John Guinee - Stiefel Manny Korchman - Citi Jamie Feldman - Bank of America Rob Simone - Evercore ISI Vincent Chao - Deutsche Bank Operator Good day, everyone, and welcome to the Mack- Cali Realty Corporation Second Quarter 2017 Earnings Conference Call . Today's call is being recorded. At this time, I would like to turn the call over to Michael J. DeMarco, President and Chief Executive Officer . Please go ahead, sir. Michael DeMarco Thank you, operator. Good morning, everyone, and thank you for joining the Mack-Cali's second quarter 2017 earnings call . This is Mike DeMarco, the CEO of Mack-Cali. The lovely day in a waterfront, sun shining. I'm joined today by my partners Marshall Tycher , Chairman of Rosel...