Construction Maison

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...

Cedar Rapids residents continue fight against affordable housing project as City Council prepares to make decision May 18, 2017 at 5:40 pm | Print View CEDAR RAPIDS — Neighbors to a proposed affordable housing complex in the northwest quadrant say they are frustrated with unresponsive elected officials as the project that months ago appeared dead now appears primed to pass. CommonBond Communities, a St. Paul, Minnesota- based nonprofit affordable housing developer , wants to build the $9 million, 45- unit Crestwood Ridge Apartments at 1200 Edgewood Road NW . Neighbors have fought back but been painted as biased, city leaders won ’t give them a fair chance and an east-west divide is fueling opinions, said Boyd Severson, 65, who has been part of a core group of opposition. “People are aligning as east side versus west side , at least that is the appearance,” said Severson, who is among 769 people who have signed a petition against rezoning to allow the development. “People say our...

By: Kevin McQuaid | Commercial Real Estate Editor August 25, 2017 A pair of Southwest Florida apartment complexes have sold for a combined $137.6 million, a sign that investors’ fever for rental projects remains high in Lee and Collier counties . In one deal, Los Angeles- based TruAmerica Multifamily and MSD Capital L.P. — an investment vehicle for Dell Computer founder Michael Dell ’s family — purchased the Sienna at Vista Lake in Fort Myers for $66 million. The 640-unit complex, which was constructed as two separate complexes in 1990 but combined 20 years later, contains 32 garden- style apartment buildings . The 3701 Winkler Ave. community features a pair of clubhouses, as well as amenities like swimming pools, fitness centers, basketball and tennis courts and jogging trails. TruAmerica and MSD are expected to invest about $6 million into upgrading the Sienna at Vista Lake, including new unit lighting, appliances, fixtures, countertops, cabinet fronts and washers and dryers, ov...

August 26, 2017 Chip and Joanna love fixing up houses, and even offer a popular rental house | HGTV.com You may not be a celebrity, but you can live like one. The rich and famous love selling (and renting) luxury real estate almost as much as they like buying it. Provided you have the money, you can move into a home where the glitterati once slept. You might even be able to score a relative bargain in the process. Celebrities sometimes have trouble unloading their over-the-top homes, research by Redfin has found. The real estate website looked at 60 homes celebrities bought and sold, and compared them to similar homes that weren’t purchased by famous faces. The stars’s homes not only took longer to sell, but they also tended to sell at a discount. It wasn’t unusual for celebrity home s to sell for $1 million or more under the original asking price. ")}; Sometimes a celebrity’s home takes a while to sell because of unique design features or amenities that don’t appeal to al...

Change is coming to Hicksville. It may not come easily. It will take time, and the right combination of local leadership, private investment, community engagement, innovative thinking and, perhaps most important, a new Oyster Bay way. Most Popular But it is coming. The pieces of the puzzle that hopefully will bring new energy to downtown Hicksville have been slowly falling into place: the $ 121 million upgrade of the Long Island Rail Road ’s busiest station; renovations of the Hicksville athletic center and the once vibrant Broadway Mall ; and the repaving, cleanup and drain repair of Routes 106 and 107. And the recent approval of the third track expansion project will mean vastly improved LIRR service and the potential to lure workers to Hicksville businesses. Now, town and state officials are starting to fill in critical missing pieces that could turn this tired crossroads into a major hub with housing for younger adults starting out and older ones wanting to downsize, entert...

Late on a humid Sunday afternoon , July 30, at Twin Oaks apartments on East 36th Street , about a dozen residents mingle under a large oak tree . Some sit on stoops, others pace. Some sit quietly, others discuss the conundrum they've found themselves in through no fault of their own. "I just don't know what I'm supposed to do," one woman stammers between sobs. The residents are young, old and in between. Some have lived here for nearly a decade, some moved in this year. One thing all of the neighbors share in common: they don't know where they'll be living on September 17. Each resident living in the 18 remaining units in the complex — two other units were heavily damaged by fire in February — received a letter on July 13 stating the company they were leasing from, Beatty Investment Homes LLC (BIH), had sold the property and would be knocking it down. Local development firm The Drakeford Company (TDC) and builders Shea Homes plan to build more than 30...