Apartment Look

lower Black Rock Turnpike and Commerce Drive, would be redeveloped into a five-story, mixed-use building under plans discussed with members of the Town Plan and Zoning Commission last week. Photo: Andrew Brophy / Fairfield Citizen" class="landscape" /> Bigelow Tea corporate headquarters , is being considered for the site of a five-story, mixed-use building with 102 apartments. Photo: Andrew Brophy / Fairfield Citizen" class="landscape" src="src" /> lower Black Rock Turnpike and Commerce Drive, would be redeveloped into a five-story, mixed-use building under plans discussed with members of the Town Plan and Zoning Commission last week." src="src" /> Bigelow Tea corporate headquarters , is being considered for the site of a five-story, mixed-use building with 102 apartments." src="src" /> Photo: Andrew Brophy Image 1 of / 2 Caption Close Image 1 of 2 About 2.6 acres, the former site of an Edge gym a...

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...

LANSDALE >> Plans for a six- story apartment building on the corner of Third and Walnut streets have been revised again, and Lansdale officials look likely to be asked to approve several waivers for the project. Developer Ross Ziegler and architect Mike Rosen presented the latest version of those plans Monday night , describing changes including a new fence next to a dog park meant to buffer the building from its next door neighbors on Third Street. “In terms of both the fence and the dog park, we’d be open to discussions, certainly, to explore what would be more desirable, or how we can come up with solutions that might make more sense,” said Rosen. “We really want to encourage the concept of pet ownership, and taking care of their pets. And we clearly have been sensitive to the neighbor issue, and we will deal with it,” he said. The proposed Third and Walnut apartment building — termed “Walnut Crossing” on the plans — has been discussed since late 2015 by various borough b...

Finance & Accounting By REW •   April 26, 2017 Eastern Union Funding arranged the following transactions: A $36.9 million first lien mortgage for the acquisition of an 11- building multifamily portfolio in Bronx, NY. This transaction was arranged by Jonathan Singer and David Metzger. A $10,500,000 first lien mortgage for the acquisition of a 197- unit multifamily in Pennsville, NJ. This transaction was arranged by David Singer. A $5,000,000 first lien mortgage for the refinance of a 61- unit multifamily on 40th St. in Sunnyside, NY. This transaction was arranged by Michael Muller. A $2,200,000 first lien mortgage for the acquisition of a 6, 800 sf industrial property on Route 114 in East Hampton, NY. This transaction was arranged by Marc Tropp. A $1,450,000 first lien mortgage for the refinance of a 3- unit multifamily on South Lakeshore Dr . in Browns Mills, NJ. This transaction was arranged by Jeffrey Seidenfeld and Jonathan Singer. ••• Meridian Capital announced t...

HARRISON, NY – A 421- unit luxury rental community is being built on the site of two former office buildings along the I-287 corridor once a mecca for businesses. The apartment building on Corporate Park Drive will have retail on the first floor and an in- building parking garage . Amenities will include a club room, fitness center, kid’s playroom, pet spa, bike lounge, craft room, co-working lounge and pool. The Carraway development is another example of an ongoing trend of repurposing vacant office buildings along Westchester’s Platinum Mile into residential and retail uses, including a fitness center on what was once the site of The Journal News building in Harrison and plans for a Wegmans supermarket on a former office building site on Corporate Park Drive . (For neighborhood news like this, sign up to get Patch’s daily newsletter, news alerts and updates.) Tuesday the developers, Toll Brothers Apartment Living , joined with officials from the Town of Harrison and Westcheste...

For nearly a century brick was shunned in favor of more polished and curated finishes. Even in early 19th century brick walls were considered ‘cheap and ungainly’ with layers of plaster taking over most homes across the world. But the recent revival of industrial design and the newfound love for brick has seen homeowners and architects scurrying around in an attempt to find those hidden, original brick walls . The story of the Brick Apartment nestled in an old building of Maribor , Slovenia is no different as its new owner along with Arhitektura AB objekt d.o.o. brought out the concealed charm of its original brick walls . Modern brick wall apartment restored to its original brilliance Modern Apartment of a Football Player Celebrates the Beauty of Brick Walls" width="1800" height="1194" class="size-full wp-image-188567" /> Modern brick wall apartment restored to its original brilliance exposed brick walls of the restored apartment steal t...

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...