Apartment Look

MOBILE, Ala. (WKRG) –   Development partners Leaf River Group and Bristol Development Group , as well as Mobile City officials , broke ground on Meridian at the Port, a large upscale apartment complex on Water Street. The more than $51 million project will feature 267 luxury apartments , a saltwater pool, a dog park, roof top lounge , and more. The complex is expected to be completed by 2019. Rent is estimated to be between $1000-1200. Tuesday morning, the development sent new artist renderings of the complex and they can be seen below in the slideshow. This residential development is part of an ongoing effort to revitalize the downtown area. City officials hope development like Meridian at the Port will make Water Street more pedestrian-friendly. “We’ve got to find ways to get people from across the street here at the various hotels and some level of interaction with our waterfront. This project accomplishes that vision to some degree,” says District 2 Councilman Levon C. Manzie...

CLOSE Video and audio during the night of November 28, 2016. Angela Gosnell/News Sentinel Buy Photo Fire erupts on both side of Highway 441 near The Spur on Monday, Nov. 28, 2016. (Photo: Jessica Tezak, Special to the News Sentinel) Buy Photo The rain never came in time. Records released this week show authorities battling the deadly Sevier County wildfires looked to an expected downpour that came too late for salvation as crews struggled in a desperate tug-of-war with skyscraper-sized flames the night of Nov. 28, 2016. As the blaze approached the city limits, authorities knew the rain wouldn't arrive for another 12 hours. "Rain may not be in Gatlinburg until 4 a.m.," reads a 5:30 p.m. entry on notes kept by staff inside the incident command center . “Rain may not be in Gatlinburg until 4 a.m.” a 5:30 p.m. entry on notes kept by staff inside the incident command center Authorities didn't order a citywide evacuation for another three hours -- and had no effective wa...

Two people were killed over a seven-hour stretch in Charlotte, starting at 7 p.m. Thursday, bringing the city’s homicide total to 57 for the year. Charlotte is on pace to record more than 90 homicides this year, a dramatic jump. Last year, the city had 67. The latest killing occurred shortly before 2 a.m. Friday in the 2300 block of Ginger Lane, off East W.T. Harris Boulevard. The incident began as a carjacking, reported the Observer’s news partner WBTV . Officers said they arrived at the Meadowbrook apartments and found a man and woman who had been shot. The man died, but the woman was taken by Medic to Carolinas Medical Center with non- life threatening injuries , police said. Police identified the dead man as Joshua Anthoni Burris , 23. Authorities initially identified him as Joshua Duckworth. The woman has not yet been identified, but WBTV reported she is 19 years old. Police did not provide additional details of the case, but WBTV reported a Chevy Impala connected to the sho...

Vanguard Group is fast becoming a dominant investor in the U.S. real estate industry . Securities and Exchange Commission reports compiled by Bloomberg show that the company’s mutual funds and exchange-traded funds are now the leading owners of real estate investment trusts (REITs), the tax- protected investor funds that own many of the nation’s offices, shopping centers, apartments, hotels, warehouses, and data and storage centers. Including its indexed stock and REIT-focused funds, Malvern- based Vanguard owns 18 percent of Host Hotels & Resorts, whose portfolio includes Ritz -Carlton, Marriott, and Westin hotels; 15 percent of Simon Property Group , the national mall owner that counts King of Prussia Mall among its holdings; and a similar share of Prologis, the warehouse giant. Locally, Vanguard funds control 16 percent each of Brandywine Realty Trust , which owns a majority of Center City’s highest buildings; Liberty Property Trust ...