Construction Maison

AMLI 900 is 440-unit, 23- story apartment tower in the South Loop. First occupancy at AMLI 900 was in 2009. AMLI Residential was the developer of the property. Solomon Cordwell Buenz was the architecture firm and Walsh Construction was the general contractor. AMLI 900 was the first major Chicago high -rise to announce that it would be completely smoke-free. The apartments AMLI 900 offers 9 different floor plans of studio, 1-, 2- and 3-bedroom apartments. Two- and 3-bedrooms have two baths. Floor plans and a near real- time availability check can be accessed online The apartments have a “soft loft” aesthetic, with 9- foot high concrete ceilings , floor-to-ceiling windows and exposed spiral ductwork . AMLI 900 has higher-level finishes than some of its competitors. All-electric kitchens have 42- inch kitchen cherry or maple cabinets and stainless steel and black appliance packages that include built-in microwaves. The open-plan kitchens have good counter space , islands with pendant...

SUSAN EDMUNDS Last updated 05:00, August 25 2017 123RF Buyers may find credit conditions are quite different to what they were when they first signed a contract to buy an apartment. Lending restrictions could make it tougher for developers to sell newly-built apartments. Sources say bankers are increasingly worried about "settlement risk" to developers – the risk that people who have bought properties off-plans, with the intention of settling when the development is complete, will now not be able to do so. Data from Colliers shows that a record number of apartments are due to be completed over the coming years. There are 2770 set to come on to the market in Auckland alone this year, the highest number since 2005. MARTIN DE RUYTER/STUFF Apartment buildings are being built around the country but the exuberance of a year ago has left the market, in many places. Another 3840 should be finished next year. READ MORE: * Real estate agent fined $5000 for not revealing apartment blo...

San Francisco Supervisor Aaron Peskin has asked the city attorney to explore legislation to impose a vacancy tax on large property owners who leave residential and commercial buildings empty . During a supervisors meeting this month, Peskin said he continues to receive complaints about the impact of “ghost buildings” on neighborhoods. The problem is, nobody really knows how many vacant homes there are in the city and whether a vacancy tax would be legal or effective in freeing up much-needed housing. In an interview, Peskin cited a 28- unit apartment building at 1656 Powell St. that was vacated after a fire damaged some units in December 2013. It remains empty. The three-story building is in a prime North Beach location across from Washington Square Park . Four businesses on the building’s ground floor — a liquor store, a bar, a Thai restaurant and a seafood restaurant — are open, but the apartments above still have boarded-up windows and a littered lobby. Some work was done in the...

A Los Angeles- based investment group has spent roughly $94 million over the past nine months on two large apartment developments in Waterford Lakes, and is on the hunt for more in that area to boost synergies, the company's general counsel told GrowthSpotter . PRG Fund LP , which owns a portfolio of office buildings in Los Angeles County , began venturing into apartment building acquisitions within the past year. The company made its second purchase in Greater Orlando on Aug. 13, with the 364- unit Victoria Place Apartments  near Waterford Lakes Town Center for $50.13 million, or $138,000 per unit. Located at 12612 Victoria Place Circle , just north of Waterford Lakes Town Center and south of East Orange Park , Victoria Place Apartments was built in 2002 and features 13 three-story buildings over 22 acres.  Lincoln Property Company  is the new management firm brought on to the property this week.  "If you had talked to me a year ago, I'd have said no way would we ...

A West Seneca real estate developer was the winning bidder at the auction of a fully occupied Orchard Park apartment complex this week, offering to pay $5.65 million for the Provincetown Apartments. Young Development topped the bidding for the 71- unit apartment complex at 10-75 Provincetown Lane, which includes nine identical buildings. Including the 5 percent buyer’s premium, Young will pay $5.93 million, or $82,000 per unit. In all, 27 people presented deposits of $100,000 to register as participants, “so it was spirited bidding,” said auctioneer Cash Cunningham of Cash Realty & Auctions, which conducted the sale. The 112,536-square-foot complex, located on 9.1 acres, has 70 two-bedroom units and one four-bedroom unit. Each building has a full basement with storage units for each apartment, plus six separate garage buildings with 18 spaces in all. The complex was owned by Industrial Realty & Funding of Cheektowaga, run by Brian Schectman, which has sold several other ...

ATLANTA, GA - StoneBridge Investments of Washington, DC has acquired Veridian at Sandy Springs, a 272- unit apartment community in the greater Atlanta submarket of Sandy Springs, for $32 million. The seller, a fund managed by Covenant Capital Group , LLC, was represented by Mike Kemether and Travis Presnell of Cushman & Wakefield. Elliott Throne, Gregg Shapiro, and Ware Shipman of HFF secured acquisition financing through a Freddie Mac loan .Built in 1980 and extensively renovated, Veridian is located at 1800 Windridge Drive within the Perimeter Center , a fast-growing “edge city” that encompasses three small cities: Brookhaven, Dunwoody, and Sandy Springs. It is Atlanta’s largest employment center , with more than 123,000 employees, 31 million square feet of office space, three major hospitals , and six million SF of retail space including the 1. 5 million SF Perimeter Center Mall .“Having acquired a neighboring apartment community , 550 Abernathy, earlier this year, we remai...

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...

CHARLESTON, SC - The RADCO Companies , one of the nation’s leading opportunistic real estate developers , completed its sixth acquisition of 2017 with the closing of Woodbridge Apartment Homes in Charleston, South Carolina . This is RADCO’s 72nd acquisition since 2011, its seventh community in South Carolina , and its second community in the Charleston market.The 198-unit, Class B property has been renamed Radius at West Ashley. Radius at West Ashley will be proudly managed by RADCO Residential, the Company’s proprietary management platform . Radius at West Ashley is favorably located in the heart of the West Ashley submarket of Charleston, just minutes away from downtown Charleston, College of Charleston, MUSC, and scenic South Carolina beaches . The community’s location and accessibility to major roads allows for an easy commute to the area’s major office facilities and employers, including Boeing. Additionally, Charleston was also recently ranked the 8th best place in t...

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...