Apartment Look

April 16, 2010 | By LUCY CLARK It's easy to miss the entrance to the Forest Park Apartments in Farmington. That's because carefully landscaped arborvitae , maple trees, rhododendrons and other greenery screen the suburban enclave from the road. The development, with 58 two-bedroom townhouse and ranch- style apartments built around two manmade ponds with large fountains, offers stunning views . All of the 1,200-square- foot carpeted apartments have private decks, new maple kitchens and 1.5 bathrooms. Units are equipped with washer-dryer hookups and have central air conditioning . Thermal windows increase energy -efficiency. "It's very private; there is a very secure feeling. A lot of people are looking for that today," says Jean Munson, manager of the complex, where she has lived for 15 years. "It's very home-like." Her apartment doubles as the office for the apartments. Munson - affectionately known as the "mayor" of the Forest Park A...

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...

rose manor apartments " width="600" height="381" /> The Rose Manor Apartments at 16-18 S. Dooley Ave. sold for $1.75 million. ( Jonathan Spiers ) A renovated apartment building in the Carytown area recently sold to an out-of-market buyer in a seven-figure deal. The eight- unit Rose Manor Apartments at 16-18 S. Dooley Ave. sold Aug. 2 for $1.75 million. City property records list the buyer as Silver Mountain Properties Ltd., an entity based in southwestern Virginia. The seller was DiJon Properties LLC , which purchased the two-story, 8,200-square-foot building in 2009 for $435,000 and renovated the property in 2014. The latest city assessment valued the 0.12-acre property at $975,000. DiJon Properties was represented in the deal by Matt Hamilton, Jackie Noel and Bruce Milam of Colliers International’s Richmond office. Silver Mountain was represented by Ryan Tyndall of Washington, D.C.- based Bediz Group LLC , an affiliate of Keller Williams Capital P...

The luxury apartment sector (R4.5 million plus) represents about 40% of the Atlantic Seaboard apartment market , and sales for the year to July 2017 already top R1.2 billion, with 97 units sold at an average price of R12.7 million. The average rate being 24% higher than last year (R10.3 million in 2016) and 44% up in just five years (from R8.8 million in 2012). This four bedroom, five bathroom apartment in Bakoven has a wraparound terrace, pool and two flatlets with separate entrances. It is on the market for R26 million - click here to view. Billy Rautenbach, sales director for Seeff Atlantic Seaboard , V&A Waterfront and City Bowl, says less than half of all sales (45%) this year, are below R10 million. Notably, she says some 14 sales have been concluded in the super- luxury R20 million -plus sector. This includes four in Clifton ranging from R40 million (Clifton Terraces) to R80 million (The Beaches), six at the Waterfront ranging from R40 million (Juliette) and one in Mouille ...

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Take a ride on the 8M Metrobus line called Shirley -Duke.But don't expect to find any traces of the old Shirley-Duke -- the notorious, decaying crime- ridden apartment complex that was closed in the late '70s. This is now Foxchase of Alexandria. And, as the trendy Foxchase ads have promised for the past year, it offers "2,113 new leases on living." "That bus is one of the last things left with the Shirley-Duke name," said Leonard Skolnik, property manager of Foxchase, a development that could house 5,000 people, or 5 percent of Alexandria's population. "And I don't think there is anything we can do about that. Though we'd like to . . . ." It has been a year since the first tenants moved into the 87-acre property -- formerly the 200 buildings of the Shirley-Duke and Regina apartments -- between Duke Street and Shirley Highway in the west end of Alexandria. After renovating the interiors of all the buildings, adding balconies to al...

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Construction is starting on the first phase of Drexel Ridge apartments in Oak Creek. (Photo: AG Architects) Construction is starting on the first phase of a $ 40 million Oak Creek apartment development that will eventually total nearly 300 units. HSI Properties LLC is beginning work this week on its Drexel Ridge project after buying the 38-acre site, west of S. Pennsylvania Ave. and north of E. Drexel Ave. HSI Drexel Ridge LLC , an HSI Properties affiliate, bought the property from Mary Voelker, of Wauwatosa, for $503,500, according to state real estate records posted Tuesday . The first phase will have 168 apartments in 12 two- story buildings , said Tony DeRosa, HSI Properties executive vice president . The first apartments are scheduled to open in June 2017, with the entire phase to be completed by March 2018, he said. Construction would then start on the second phase, with 124 apartments in eight buildings. That phase would take about a year to complete, DeRosa said. The month...

In a split vote, the Riverhead Town Board approved both the site plan and the special permit application for Georgica Green Ventures’ proposed 116-unit mixed-use apartment complex Tuesday night . The board also approved an environmental study submitted by the applicant and stated that the project will have “no significant adverse environmental impacts .” The vote was three in favor, one opposed and one abstaining. Councilman Tim Hubbard cast the no vote, and Councilwoman Jodi Giglio abstained . “There’s a lot of issues with this project that I’m concerned about,” Mr. Hubbard said, citing parking, a proposed 30- year Industrial Development Agency tax abatement , and the impact the apartments might have on school enrollment. Ms. Giglio said she asked the town ethics board for an opinion on whether she should abstain, since she is an owner of the Summerwind Square apartments downtown , and they recommended she abstain. The five-story project, Riverview Lofts , is on the southwest co...

NEW YORK, NY -  Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing , and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has provided a $15. 5 MM Fannie Mae first mortgage to refinance Forest Ridge Apartments in Nashua, New Hampshire. Forest Ridge Apartments , located at 1B Hampshire Drive in Nashua, is a garden style multifamily facility built in tin two phases in 1969 and 1972.  The facility comprises 21 , two- and three-story buildings.  The property consists of a total of 370 units, and the unit mix includes 88 one bedroom-one bath units, 242 two bedroom-one bath units, 24 two bedroom-one bath townhouse units , and 16 three bedroom-two bath townhouse units . The loan is a 10- year fixed rate facility with a 30- year amortization period . The loan will be used to refinance the existing balance on the property.  Centerli...