Construction Maison

Downtown Wilmington, N.C., will soon get a brand new addition to its in-demand pool of multi-family offerings, now that DeWitt Carolinas Inc. has revealed plans to commence development of Pier 33 Apartments this fall. DeWitt will spend $50 million to develop the 300- unit luxury apartment community , which will sit along Cape Fear River . It’s got the right location. The six-story building will sprout up overlooking the historic Pier 33 Marina , just a stone’s throw from the new 107,000-square- foot Wilmington Convention Center and within walking distance of the Cape Fear Community College , the sixth largest community college in the State of North Carolina. And it has the right offerings as, in addition to the premier apartment units , the J. Davis Architects- designed property will feature 32,000 square feet of ground- level retail space and a 700- space parking deck for residents and retail users. Pier 33 also has good timing. “Wilmington went through a period of about four ye...

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...

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...