Apartment Look

With major developments underway , Staten Island is slowly losing its nickname as the “forgotten borough.” While projects like the New York Wheel, Empire Outlets and the expansion of the former Stapleton homeport hope to revitalize the water-front borough with new residential and commercial space, Staten Island already offers visitors a ton of unique attractions to explore. Just take the free Staten Island Ferry to discover the miles of coastline and 12,300-acres of parkland in the city’s greenest and least populated borough. For the best spots in the borough, follow 6sqft’s list ahead of the 15 most unforgettable attractions on Staten Island . snug harbor cultural center , staten island attractions" width="1500" height="1000" /> Image via NYC & Company snug harbor cultural center , staten island attractions" width="1500" height="1000" /> New York Chinese Scholar ’s Garden via NYC & Company 1. Snug Harbor Cultural...

Demolition begins this week on a downtown San Pedro block that will be transformed into a seven- story apartment building that many hope will boost patronage for area shops, restaurants and the waterfront now beginning to take shape. Officials will mark the start of demolition at an informal groundbreaking at 9:30 a.m. Thursday at 550-560 S. Palos Verdes St . A more formal ceremony will be held in the coming weeks, according to the developer. Demolition is expected to take about a month and construction of the new 375-unit building should be complete in about three years, with the opening anticipated for 2020. It’s one of several residential developments planned to be built in and around the downtown San Pedro area over the next few years. Originally under the hands of Omninet Capital, the project was sold to Holland Partner Group in June for $24.5 million. Holland also is in exclusive negotiations to redevelop San Pedro ’s closed county courthouse just blocks away. Fewer, bigger...

East Seventh Street ."> East Seventh Street ." /> A row of buildings on East Seventh Street . View Full Caption Landmarks Preservation Commission MANHATTAN —  Millennials, be forewarned before moving to the Big Apple: You'll need a roommate, you'll likely pay at least $1,000 a month, and don't bet on settling in Manhattan. Nearly 72 percent of Millennials shared their home with someone other than their partner in 2016, according to a report from New York City Comptroller Scott Stringer . And now is the time of year that many of these young New Yorkers are searching for new digs. The third week of August tends to the busiest single week for renters because of the flood of college students coming to New York and recent grads starting new jobs in September, according to the roommate- search app SpareRoom . The city’s streets around universities such as NYU, Columbia and Barnard will soon be cordoned off on Aug. 27 for the annual rite of “move-in day,” wh...

BOSTON (AP) — Massachusetts’ booming economy is bringing with it a downside for those looking to rent an apartment or buy a home in the state: soaring housing costs , particularly in the greater Boston area . The problem isn’t new, but it’s more acute in places where the economy has taken off, spurred by a surge in the life sciences sector and the arrival of top companies like General Electric to the state. That upward pressure is one reason why Beacon Hill leaders are continuing to look for ways to create new affordable housing units while preserving existing units . Gov. Charlie Baker this week announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects across the state. The goal is to help create, refurbish and preserve 1, 970 housing units , including units reserved for low- income families and families making their way out of homelessness. Advertisement “Safe and affordable housing is a cornerstone to the success of our commo...

330 S. Wells Street. Image courtesy of NORR The 16- story Insurance Center Building at 330 S. Wells is ready for a big mixed-use makeover. Acquired by Marc Realty exactly one year ago for $10 million, the 1927 Loop office building has been issued a permit to begin its conversation to 132 residential rental units , four levels of remodeled office space , and ground floor retail . The Chicago- based developer has teamed up with architectural design firm NORR for the downtown adaptive reuse project which also includes a basement amenity space and a rooftop deck. Though 330 S. Wells is not designated a Chicago landmark , the property does feature of number of notable architectural touches such as terracotta exterior detailing and a marble- clad lobby space . The development team aims to restore these and other features to receive historic preservation tax credits . With the exception of window replacements—and the aforementioned roof deck —no other exterior modifications are pla...

The Bay State’s booming economy is bringing with it a downside for those looking to rent an apartment or buy a home in the state: soaring housing costs , particularly in Greater Boston. The problem isn’t new, but it’s more acute in places where the economy has taken off, spurred by a surge in the life sciences sector and the arrival of top companies like General Electric. That upward pressure is one reason why Beacon Hill leaders are continuing to look for ways to create new affordable housing units while preserving existing units . Gov. Charlie Baker this week announced $72 million in housing subsidy funds and additional state and federal tax credits to 25 projects across the state. The goal is to help create, refurbish and preserve 1, 970 housing units , including units reserved for low- income families and families making their way out of homelessness. “Safe and affordable housing is a cornerstone to the success of our commonwealth’s families, including access to job opportu...

ALLENTOWN — Talen Energy will vacate The Plaza at PPL Center in downtown Allentown early next year and move its employees into cheaper office space just blocks away on Hamilton Street, saving the company millions but leaving its landmark headquarters building mired in foreclosure and facing an uncertain future. Talen spokesman Todd Martin , responding to a request by The Morning Call, said Tuesday that the energy company has made a “five-year commitment” to rent two floors of the soon-to-be-opened Tower 6 at Sixth and Hamilton streets. The move will take effect in the second quarter of 2018, coinciding with the end of Talen’s lease at PPL Plaza at 835 W. Hamilton St. “We’re pleased to be able to maintain our historic roots in downtown Allentown ,” Martin said. “We see this decision as beneficial to our business, our employees and the Greater Lehigh Valley , especially to others in the business community in downtown Allentown .” Tower 6, owned by City Center Investment Corp ., is in...

Gebroe-Hammer Associates Coveted apartment  complex fetches $40M An apartment community in tony West Orange , NJ,  has been sold for $40.5 million. Gebroe- Hammer Associates brokered the sale of the 178- unit Crest Ridge Apartments complex . The team of Greg Pine and Adam Zweibel exclusively represented the original developer , Rockledge Realty, LLC, and procured the buyer, Sela Realty Investments , in the transaction. Located at 200 Mt. Pleasant Ave. at the base of an 80 ft. cliff, the 16-building, historically well- occupied complex posed an extremely rare acquisition opportunity within the Northern New Jersey metro. “Situated in the Town Center section of West Orange, Crest Ridge Apartments is at the heart of one of the most expensive, in- demand local neighborhoods as well as the transit- filled greater West Essex County submarket ,” said Pine. “In a township where apartment rentals make up only about one-third of the housing stock, Crest Ridge Apartments is a gem favored...