Construction Maison

The developer of a proposed 195-unit apartment-hotel complex at the former Roosevelt Raceway in Westbury is seeking Town of Hempstead approval to change the zoning from industrial to cluster residential housing . The potential zoning change would make way for the estimated $25 million development -- The Portofino -- near Zeckendorf Boulevard and Corporate Drive. The development, spearheaded by the Beechwood Organization , a residential developer based in Jericho, would be designed to attract young people . Most Popular "It employs a lot of principles of smart growth," Beechwood principal Michael Dubb said about the proposed development near Roosevelt Field mall . "It is a walkable community. You can walk to the supermarket, the restaurants and the movies." The town board plans to hold hearings on the proposal Tuesday at 10:30 a.m. in the pavilion adjacent to Hempstead Town Hall . The proposed six- floor apartment hotel would sit on 5 1/2 acres and compris...

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...

Lebanon— The apartment complex to be built behind the Element hotel on Route 120 in Lebanon moved has moved a step closer to reality as the developer has filed his plans and sought permission from the city to begin construction. Manchester developer Dick Anagnost filed a permit application with the Lebanon’s city planning department to begin construction on a $4 million, three- story apartment building . He hopes to be able to break ground on the project this fall and have it ready for occupancy next summer, according to Anagnost. The apartment building is the first in a planned 153- unit residential complex in Altaria Lebanon Park , a mixed commercial and residential development spanning 65 acres of which the 4-year-old Element hotel was the first phase. Anagnost expects the entire five- building apartment project to be completed by 2019 at a cost “all-in, probably $20 million to $30 million,” he said in an interview. And even though construction on the project has not yet beg...

Monthly rents at Monterra Apartment Homes to range from $1,195 to $1,700 An aerial view of the 250- unit apartment complex that's planned for 15201 Old Hickory Blvd. (Photo: Submitted) Story Highlights Monterra Apartment Homes will cost roughly $55 million to build at 15201 Old Hickory Blvd. "We have plans to do over 1,000 units in Nashville before we're done," Buffalo, N.Y.- based developer Anthony Cutaia said. Amenities will include a dog park and a resort- style community center with a fitness center. The Maddox Foundation, which offers grants in Northwest Mississippi, was the seller of the property. A New York-based entity has paid $2.5 million for 15.27 acres in the Valley Brook neighborhood in south Nashville with plans for a roughly 250- unit apartment project . Buffalo area-based suburban developer Anthony Cutaia is behind plans for the roughly $55 million Monterra Apartment Homes , which will rise at least three stories on the vacant, multifamily zoned ...

The flurry of development that has taken over Downtown LA’s South Park neighborhood is spreading farther south : Developer Crescent Heights filed plans today to build a 70-story tower with nearly 800 apartments at South Olive and 11 Street, says Sara Hernandez, an attorney with the developer’s law firm, Liner LLP. That’s just three stories shorter than the newly crowned queen of LA’s skyline, the Wilshire Grand, and, at a height of 770 feet, it could very well earn it the title of one of LA’s tallest buildings. The new skyscraper would be almost entirely residential, comprised of 794 apartments above a ground-floor restaurant, bar, “market hall,” and 13.5 levels of parking. The parking will be divided between an underground garage and an eight- level podium wrapped in apartments “so as to conceal” the cars, Hernandez says. New York- based architecture firm ODA is designing the tower “to maximize light and air,” and renderings show a big cutout on the upper levels for a swimming p...

The developer of a large proposed Lomita apartment complex will pay the city more than $450,000 initially and then $50,000 annually in development fees to offset the effects of a project more dense than municipal standards currently allow. In addition, to get around the density issue, the city plans to create a specific plan for the area that would permit residential densities of up to 88 units an acre. That’s the exact density of the 220- unit Picerne Apartments , which would sit on a 2.7-acre site on the Torrance border at the northeast corner of Lomita and Crenshaw boulevards. The Planning Commission will discuss the project and specific plan at a 6:30 p.m. Monday public hearing at City Hall, 24300 Narbonne Ave. City staff is recommending approval of the project, saying it is consistent with the goals and objectives of the city’s land-use policies. “Specifically, the project furthers these goals by developing an under-utilized parcel, helping to address a documented housing shor...

There comes a time for most San Diego couples when they get sick of renting and, for the Whites, it came around the 40th birthday mark . Shawna White, 40, spent countless hours researching a place she and her husband Nathan, 39, could afford that wouldn’t break the bank. In addition to getting away from the region’s explosive rent hikes , they saw a home as an investment. Eventually, the Navy couple landed in Otay Ranch on the eastern fringes of the county near the border with Mexico. They bought a new 1,504-square-foot townhouse for $378,000, around $200,000 less than what something similar would have cost them closer to downtown. “We were able to buy something new instead of an older home with issues,” she said. “This was a good buy.” More and more new homeowners are being drawn to Otay Ranch, the largest residential development in San Diego County history at 25,000 acres. After being hit hard in the housing crisis , it has reemerged as a viable option for homeownership in a cou...

Westbrook will not charge fees based on a development’s impacts to the school and sewer system. The decision is a reversal from last fall, when the Westbrook City Council expressed interest in the idea and planned to charge impact fees on all building projects with permits issued since Oct. 3. The fees were popular among residents and officials concerned about the pace of growth in the city at a time when hundreds of housing units were proposed for Westbrook. City staff spent months developing the formulas for the fees, which are designed to pay for new capacity needed as a result of a development. Under the system proposed, for example, the owner of a new three-bedroom house would need to pay a $3, 245 school impact fee to offset the future costs of adding children to local classrooms. But when the final proposals for those fees came before the City Council last week, the group rejected them. A majority of councilors said they were worried the fees would discourage families and b...

Natalie Marra benefited from the Tenant Opportunity to Purchase Act (TOPA), a provision in the District that provides strong protection for tenants to avoid a forced move. (Ricky Carioti/The Washington Post) Four years ago, when her apartment building at 1921 Kalorama Road NW in Washington was up for sale, Natalie Marra, a resident for more than 30 years, was determined to stay in the home she loves. “It took almost two years of tough negotiating, but there was a core group of seven of us in the tenant association that worked with a lawyer to make sure our rights were protected,” Marra says. “We negotiated the right to live in our apartments under rent control for the rest of our lives. Believe me, none of us ever plan to move now. Why would we? We have great renovated apartments and low rent.” Marra and her neighbors benefited from the Tenant Opportunity to Purchase Act (TOPA), a provision in the District that provides strong protection for tenants to avoid a forced move. Elder...

AMLI sells luxury apartments in Miramar to Boston investment manager for $82M Rents started at just under $2,000 a month for a one-bedroom unit By Katherine Kallergis | July 18, 2017 11:15AM Miramar Park Chicago- based AMLI Residential just sold a luxury apartment community in Miramar for $82 million, or about $273,000 per unit. Property records show PPF AMLI Miramar Boulevard LLC sold Miramar Park to Bel Miramar LLC , a company tied to Boston- based investment manager Eaton Vance Management . AMLI completed the 300- unit rental development at 11000 Miramar Boulevard in 2015. Units range from 840 square feet to nearly 1,500 square feet, according to its website. Amenities include a pool with cabanas, house bar and outdoor grills, a fitness center, yoga studio, clubroom, bark park and pet spa, lily pond, sculpture garden and more. Rents started at just under $2,000 a month as of July for a one-bedroom unit. Apartments feature granite countertops , designer tile or wood floors an...

"We had some delays but have gotten our permits from the city and have started," developer Craig Hall said. "These things always take longer than you expect." The 25-story tower will include 44 condos starting at price at $2 million. The 183- room Hall Arts hotel will be next door. "This is another step forward in downtown's revitalization," said John Crawford with Downtown Dallas Inc. "The project will be exceptional bringing with it new and unique exposure as downtown continues to evolve as a special urban environment ." Dallas architect HKS designed both the condo tower and the hotel with will be across the street from the Winspear Opera House and will include retail space on the ground floor along Flora Street. The construction is next door to Hall's 18- story KPMG Plaza office tower - the first phase of his 2- block Hall Arts development . The project will take just over two years to complete. It's one of three new residen...

High- density proposal in El Pueblo Viejo District draws opposition from historic preservationists , Anacapa School unit apartment building is proposed for 800 Santa Barbara St . in downtown Santa Barbara . The project would include eight studios, 10 one-bedroom units and five two-bedroom units; commercial space; and underground parking for 29 vehicles." height="667" width="1000" id="upsize" /> A three-story, 23- unit apartment building is proposed for 800 Santa Barbara St . in downtown Santa Barbara . The project would include eight studios, 10 one-bedroom units and five two-bedroom units; commercial space; and underground parking for 29 vehicles. (Hochhauser Blatter Architecture & Planning rendering) A three-story, 23- unit apartment complex with an underground parking garage has received a key approval for its proposed construction at the corner of Santa Barbara and De la Guerra streets , near El Presidio de Santa Bá rbara State Hist...