Apartment Look

When it comes to condominium development , Cascadia’s two largest cities couldn ’t be more different. Last year nearly 60 percent of new housing starts in the city of Vancouver, BC , were condominiums; meanwhile, Seattle saw no new condominium buildings open . And that’s not changing anytime soon: less than 10 percent of all building slated for downtown Seattle in the next three years will be condos. What’s the difference—why the blossoming of condominium construction in one city and the almost complete dearth in the other? The short answer is economics. In Vancouver, apartments are saddled with an unfavorable tax code , making condos the more lucrative multi- family housing investment even despite high rental demand . In Seattle’s skyrocketing rental market , one that’s climbed even faster than the condo market in recent years, apartment buildings are much more financially attractive, while condos come with bigger risks and, typically, lower returns. Compounding this profit differe...

A new Kroger supermarket on the edge of Dallas' Arts District will offer more than groceries. The supermarket chain plans for its new store to be part of a mixed-use development that includes hundreds of new apartments. Kroger last year purchased a block of land on Hall Street between Ross Avenue and North Central Expressway . It's just across the highway from downtown and in an area that's seeing rapid redevelopment. Early this year Kroger filed plans with the City of Dallas to build just a supermarket and surface parking on the site. But now the grocery giant has teamed up with a local apartment builder and wants to include 375 apartments with the project. The development designed by Dallas architect GFF would have four stories of rental units on top of a 2- level Kroger store , plans for the project show. Dallas- based apartment builder Trinsic Residential Group would build the rental units on top of the grocery store and parking garage at Hall and Flora streets. ...

Today’s generation of new apartment buildings looks nothing like its dated predecessors. Built to emulate high-end condominiums but with the services and amenities of upscale hotels, these extraordinary vertical communities boast beautiful designs and common spaces to die for. Here’s a look at some of the new, state-of-the art apartments emerging in cities all across Canada and a list of their featured amenities. From East to West and top to bottom, apartment living today is anything but bland. The Alexander Location: Halifax Owner/Manager: Killam Apartment REIT Opening: October 2017 At 22 storeys, The Alexander is a brand new residential development located on Lower Water Street in downtown Halifax. A blend of  modern and historic with its ironstone base and a soaring glass tower , The Alexander will provide residents with convenient access to the popular Brewery Market Square where on- site retailers abound . Building amenities include : a spacious 800+ square foot lobby; a...

GARNER | The Garner City Council is hoping a new 10- unit apartment project will reduce the gap in the city’s housing market. At its Tuesday, Aug. 22, meeting, the council will consider accepting a proposal received from Echo Development Group of Cedar Falls earlier this month for the construction and operation of a $1.2 million 10- unit apartment building at 895 W. Eighth St. in Garner earlier this month. “We’re excited about it,” said Randy Lansing, Garner city administrator . According to Echo Development Group ’s proposal, the building will feature four three-bedroom apartments and six two-bedroom apartments. Each apartment will have a garage, a laundry room and 2½ bathrooms. The proposal, which was submitted during the city’s request for proposals period between June 15 and Aug. 3, was the only one it received, despite its incentives to attract developers. In June, the city of Garner began searching for “an experienced multi- family housing developer or operator” to partne...

Posted: Aug. 24, 2017 9:15 am QUINCY -- A Quincy committee recommends that $120,000 be provided for the redevelopment of five apartments in four downtown buildings. The $120,000 investment through the city's tax increment financing rental rehab program would include private investment of more than $154,000. Chuck Bevelheimer, director of planning and development, told the TIF Rental Rehab Committee on Wednesday night that he believed the program was making a difference downtown. "When you get into renovation projects, you're always getting into something that is unknown," Bevelheimer said. "Without this program, I don't think you would be seeing the investment right now." In the first two years of the TIF rental rehab program , the city has provided $210,000 and has seen $335,800 in private investment in 10 upper- story apartments downtown . "If we're going to make market- rate housing downtown , this level of investment is necessary, and I ...

Marquette Mayor Dave Campana introduces Snyder at a press meet after his tour of the apartments, and explains the importance of providing affordable housing in close proximity to the downtown area. (Journal photo by Rachel Oakley) Marquette Mayor Dave Campana introduces Snyder at a press meet after his tour of the apartments, and explains the importance of providing affordable housing in close proximity to the downtown area. (Journal photo by Rachel Oakley) Snyder speaks with Roger Curtis, Director of Talent and Economic Development for the State of Michigan outside of the Grandview Marquette , which is still undergoing construction. The apartments are intended to give low-income individuals in Marquette easier access to opportunities in the downtown area. The project is expected to be completed this fall. (Journal photo by Rachel Oakley) MARQUETTE — Gov. Rick Snyder and other state officials Wednesday morning toured the affordable housing development Grandview Marquette , whi...

The massive new social and affordable housing renewal development just given the go-ahead by the NSW Government in Sydney’s north has been greeted with cautious approval by experts. But while it’s been hailed as “ground-breaking” by some, with plans for similar scale projects at four other major sites, others have said it still is a long way off solving housing affordability for many Sydneysiders. “Of course, the provision of this new affordable housing is always good, but it’s still just a drop in the ocean,” says Associate Professor Eileen Webb , of the Curtin Law School , who’s been studying the lack of housing. Ivanhoe estate ." /> An artist’s impression of Ivanhoe estate . Photo: Supplied “As we’ve seen in Martin Place recently , there are many people homeless, with the 2011 Census putting the figure very conservatively at 105,000. We’ve also had reports that a further one in 10 Australian households are in housing stress and at risk of homelessness, which is 850,000...

Zillow Group, Inc. (ZG) Q2 2017 Earnings Conference Call August 08, 2017 17:00 P.M. ET Executives RJ Jones – VP, Investor Relations Spencer Rascoff – CEO Kathleen Philips – CFO Analysts Ronald Josey - JMP Securities Mark Mahaney - RBC Capital Markets Unidentified Analyst - Sli.do © Provided by Seeking Alpha Earnings Call Transcripts Michael Graham - Canaccord Genuity Christian Rice - Needham & Company Hayden Blair - Stephens Inc. Brian Nowak - Morgan Stanley Mark May - Citigroup Lloyd Walmsley - Deutsche Bank Bradley Erickson - KeyBanc Capital Markets Shyam Patil - Susquehanna Financial Group Heath Terry - Goldman Sachs Presentation Operator Good day, ladies and gentlemen, and welcome to the Zillow Group's Second Quarter 2017 Earnings Call . At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions]. As a reminder, today's call is being recorded. I wou...