Construction Maison

CHICAGO , Aug. 9, 2017 /PRNewswire-USNewswire/ -- The AFL- CIO Housing Investment Trust (HIT) today celebrated the grand re-opening of the Kenmore Plaza Apartments , which recently completed an extensive $61 million rehabilitation. The 28-story, 324-unit building provides affordable housing exclusively to the elderly. The rehabilitation work included reducing the operating costs of the building by installing durable and easy to maintain materials and energy efficient equipment , improving energy and water efficiency over the long term, as well as upgrading the current residential units , floor hallways, interior ground floor , and building exteriors and the construction of a small addition to the existing structure. The HIT provided $22.9 million of financing through the purchase of Ginnie Mae construction loan certificates and a permanent loan certificate . "The HIT investment is helping preserve a historically significant building that has been a major source of afforda...

Address: 7600-44 Pillsbury Av. S., Richfield Type: Senior housing Units: 88 Developers: Mesaba Capital Development , Roers Investments Architect: Kaas Wilson Architects Details: Ground was broken this week for Havenwood of Richfield, an 88- unit senior housing project on the former site of the Richfield Public Works garage . When the city opened a new garage in 2007, it studied new uses for the 3.3-acre site. It determined high- density housing affordable for low- and middle-income families and/or seniors would be best. Edina- based senior housing builder Mesaba Capital Development first approached city with plans for the block in 2015 and received site plan approvals in March 2016. In the interim, Richfield provided a $2.2 million “pay-as-you-go” TIF package, under which the amount of the higher property taxes generated by the site improvements will be refunded to developer over a period of several years. The plans call for 60 assisted living units and 28 memory care units . Th...

SAN FRANCISCO — A forum Thursday on the Bay Area’s egregious housing situation — the high prices, the scarcity of new construction — brought together academics, developers, real estate agents , government officials and housing advocates, all in the name of seeking creative solutions to the crisis. It was both a cry for help and a call to action. “They have their crazies. We need our crazies,” said panelist Laura Foote Clarke , executive director of YIMBY Action, which advocates for housing growth. Yes, that’s YIMBY, as in “Yes In My Backyard,” and the “they” she referred to was the other side — the many and often well-organized “Not In My Backyard” NIMBY opponents of housing development and densification in neighborhoods around the region. For more Bay Area housing affordability , home sales and other real estate news follow us on Flipboard. Held at LinkedIn San Francisco in front of an engaged audience of about 175 people, the forum was titled “California Housing Crisis : Examinin...

By JAKE SHORE of WFUV The Norwood News, in partnership with WFUV and BronxNet TV, brings you a four-part series on development projects happening across the Bronx and its impact on community residents. Luxury Student Housing Rises in Bronx’s Little Italy" width="696" height="522" />CONSTRUCTION SITE FOR future luxury unit marketed for students on Hoffman Street in Belmont, a few blocks from Fordham University . Photo by Jacob Shore For Fordham University students, living off campus is a respite from on- campus housing prices and its rules. It’s worked for Brendan Batcheller, a senior at Fordham’s Gabelli School of Business. The public accounting major said living off campus is markedly cheaper than living within Fordham’s gates. “The cost of a year’s rent for us is less than nine months’ worth of living in a dorm,” Batcheller said in an email. “There is definitely a greater sense of independence living off campus–having to deal with a landlord, p...

As teachers, cooks, cashiers, and bus drivers are being priced out of Charlotte, one question looms: How does a growing, thriving city in modern America keep housing affordable for its working-class citizens? By RACHEL JONES Published: 2017.08.23 06:21 AM Jacqueline Ingram (middle) works full-time at the Ross Dress For Less distribution center in Rock Hill. But in this booming region, her salary isn’t enough to comfortably buy a home for her and her kids, 12-year-old Nya and five-year-old Rejonee. PHOTOS BY ANDY MCMILLAN ONE RECENT SUNDAY AFTERNOON , Jacqueline Ingram and her two daughters explore an empty four-bedroom house for sale on a Brianna Way cul-de-sac in southwest Charlotte , filling it with their dreams along the way. “This one is mine,” 12-year-old Nya says of an upstairs bedroom with a view of the Clanton Park neighborhood . “I could put my chest over there, and my table there.” As five-year-old Rejonee sprawls out on the carpet in the room across the hall, In...

FT. LAUDERDALE, FL - ZOM Florida and The NRP Group recently celebrated the completion and grand opening of Monterra Apartments,  a workforce housing community in Cooper City, south Broward County , Florida. The new 300 unit community began pre -leasing in February 2012 and was 100% leased in April. The units will be 100% occupied in mid July. The property boasts a variety of spacious 1, 2 and 3- bedroom floor plans , featuring nine foot ceilings, and walk in closets. The centerpiece of the Monterra community is a large upscale clubhouse facility , which includes a swimming pool, clubroom with computer work stations , and a 24- hour fitness center . Additional project features include energy efficient appliance and lighting packages, a playground, a covered barbeque area , and a dog park. Project financing included approximately $26 million in NIBP bonds issued by the Florida Housing Finance Corporation , HOME loan funding , and additional loans provided under...

Brian Benson Daily News Staff @bbensonMWDN NATICK - Another housing development could be coming to Speen Street to the north of Rte. 9. Developer Josh Katzen of Cloverleaf Mall and Cloverleaf Apartments is eyeing building about 125 apartments in the same area off Speen Street. The Cloverleaf West Apartments would be built under Chapter 40B and include affordable units . It would be a 10-story building like the existing apartments, Katzen said. "We’re at the very early stages," Katzen told the Planning Board recently . The Massachusetts Housing Partnership needs to sign off before it would go before the Natick Zoning Board of Appeals, he said. Chapter 40B is designed to spur the creation of affordable housing . Because Natick is above a state requirement for affordable housing units , a developer who proposes a Chapter 40B project loses an opportunity to appeal a zoning board decision to the state Housing Appeals Committee . But the zoning board can still consider 40...

Two years ago, developer Mike Harrah joined a bid to purchase the Orange County Register out of bankruptcy. The effort ultimately failed . But the flamboyant local construction magnate with a ZZ Top beard still acquired the Register’s Santa Ana real estate , currently vacant after the publication decamped to Anaheim this spring. With the Register gone, Harrah is now embarking on an ambitious $1-billion plan for the 20- acre Grand Avenue site , proposing to build Orange County ’s tallest buildings, more than 1,000 residences, a 171-room hotel, offices and retail shops. In all, Harrah’s Caribou Industries envisions a 2.3-million-square- foot development known as 625IVE that serves as a gateway to historic downtown Santa Ana , where hip restaurants and shops are opening just a mile away. And he’s signed up prominent architecture firm Gensler to work on it. Harrah, himself, has been credited with helping kick-start the revitalization early last decade after he acquired buildings in t...

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Advocates for affordable housing in the St. Augustine area have learned they better be creative, resourceful and sometimes patient to make progress. The recent overhaul of the Southern Villas senior living complex is the perfect example of that. The set of 60 rental units just off State Road 207 near St. Augustine Health & Rehab has seen the results of $2.3 million worth of work that should keep it as a viable housing option for years to come. The residents, along with housing officials and politicians celebrated the work at a ceremony Thursday. Bill Lazar, St. Johns Housing Partnership executive director , said the complex, built around 1982, is tremendously important in a county where apartment complexes are simply not being built. And with the median price of homes in St. Johns County now up to more than $300,000, many of those on fixed incomes need a place like Southern Villas . Lazar said research shows that more than 5, 000 county seniors are severely cost burdened , pa...

FESTUS • A new senior housing development has been approved for Brandon Wallace Way in Truman Village here. The City Council on Wednesday night approved a request from Jamaican Folly LLC to change the plan for the 4.28-acre property from retail/office/commercial to residential. The development on the southeastern edge of the property would include 36 single-story apartments in six buildings. This development, proposed by Patrick Werner and John Anselmo, would be for senior citizens and similar in style to the Sand Hills Place apartment complex west of the site, said Matt Clemens, public works director . An attempt last year to put a 60- unit apartment complex on the opposite side of Truman Village was thwarted after residents complained it was supposed to be villas. No one spoke against the current plan at the public hearing before the council vote.

KALAMAZOO, MI -- A 73-unit, four floor apartment building is planned for Kalamazoo's Edison neighborhood . On Aug. 10, the Zoning Board of Appeals approved three variances to Strong Tower Development for various aspects of the proposed building, located in a block of land between 2138 and 2214 Portage St. The development is intended to be a senior housing project , featuring a leasing office, corporate office space  and amenities like a community room and fitness area. This building is planned to contain five market rate units and  68 subsidized public housing units reserved for seniors to relocate from the nearby Heritage Community complex . All units will be single-bedroom apartments, with a bathroom, kitchen, dining room and living room. The building will also have a rooftop terrace and garden. Construction is likely to begin in spring 2018 and finish by summer 2019. The project is in a CN-1, commercial neighborhood district , which requires commercial and retail uses on t...