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Palo Alto Housing Corporation has completed a $31.9 million renovation of the Colorado Park Apartments , the oldest affordable housing property in its portfolio. The nonprofit agency on Aug. 17 celebrated the grand reopening of the seven-building, 60-unit complex at 1142 Colorado Ave. The renovation made the complex, built in 1972, more modern and eco-friendly. Upgrades included adding energy -efficient appliances and water saving fixtures in the apartments as well as drought resistant plants and solar panels in common areas. “Through high-quality design and construction, we were able to significantly update the buildings and enhance the quality of life of our residents here,” said Candice Gonzalez, president and CEO of Palo Alto Housing. “This rehab and syndication also ensure that these homes remain affordable for the long-term.” The renovation also included replacement of the building façade and new patio fencing, roofing, paint and landscaping. Outdoor seating, a barbecue are...

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Six years ago, Mike Brown and Casey Lynch stood on Downtown Boise ’s 8th Street and wondered: Why don’t more people live here? Downtown seemed to have everything that a growing percentage of Americans wanted in a place to live. “I mean, there’s all kinds of jobs. There’s a million coffee shops and hair salons and restaurants, and there’s an active street life ,” says Brown, who founded the Los Angeles- based development company LocalConstruct with Lynch in 2008. Casey Lynch, left, and Mike Brown have made their mark in Boise. Provided by LocalConstruct But in 2011, fewer than 4,000 people lived in Downtown’s scattered apartment and condominium buildings and houses. On a typical weekday afternoon , most Downtown workers got in their cars and put the city in the rearview mirror. Brown and Lynch saw an opportunity. They thought Boiseans would trade ample floor space and vaulted ceilings in the suburbs for smaller, high- end Downtown apartments that offered amenities like gyms, a do...

LAKEWOOD, CO - Wood Partners, a national leader in multifamily real estate development , announced that its clubhouse is open and it has begun on-site leasing at Alta Pinehurst , a 350-unit community in Lakewood, Colorado.Conveniently located on the border of Lakewood and Denver, it is adjacent to the historic 27- hole Pinehurst Country Club . The community is surrounded by the natural beauty and views of the Colorado landscape while providing state-of-art amenities and modern living spaces . " Alta Pinehurst is ideally located where residents can enjoy all of the perks and conveniences of metro Denver, while still having quick access to the mountains," stated Tim McEntee , Director of Wood Partners' Rocky Mountain and Midwest Regions. "This location is a perfect fit for outdoor enthusiasts with highly active lifestyles ." Alta Pinehurst is close to the Wadsworth shopping corridor , with easy access to Southwest Plaza Mall and Belmar. Highway 285 provi...

Developer National Resources has for several years been studying different office, retail and residential schemes for an underused corporate campus designed in the 1960s for International Business Machines Corp. in East Fishkill, N.Y. But now, as National Resources moves to close on a deal to buy a 300-acre site, the Greenwich, Conn.- based developer is recognizing that housing has got to be a central component of the plan. Firm principals Lynne Ward and Joseph Cotter recognize low rents are the best way to lure millennials and others away from New York City, about a 90-minute drive away. National Resources is paying an undisclosed price for the land from California- based semiconductor company Globalfoundries , which purchased IBM’s semiconductor business in 2015 and still runs a slimmed down operation at the East Fishkill site that employs around 1,700 workers. Related Articles Over the next five years National Resources plans to introduce efficiently sized apartments cu...