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City wins compromise adding retail to garage for Playhouse Square apartment tower (photos)

CLEVELAND, Ohio - Playhouse Square  agreed Thursday after some pressure from city planning officials to install a 20-foot- deep retail strip on the ground floor of a parking garage designed to serve a proposed 34- story apartment tower . The agreement capped a back-and-forth discussion at the meeting of the Downtown Flats Design Review Committee over schematic plans for the $ 135 million tower , on which Playhouse Square hopes to break ground late this year for the project. A revised ground floor plan for the Playhouse Square apartment tower garage shows how the theater district would reserve 1, 900 square feet on the Euclid Avenue side of the garage for retail. Solomon Cordwell Buenz   The tower would rise on the southwest corner of Euclid Avenue and East 17th Street . The committee -which advises the city's planning commission - approved the schematics. But the vote only came after the committee explored  whether Playhouse Square would do more than install a row of ...

Selling points: Sela buys NJ resi complex for $40M, Kamber acquires UWS portfolio for $50M

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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...

Parking lot to become apartment complex on Elm Street in New Haven

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By Mary O’Leary, moleary@nhregister.com @nhrmoleary on Twitter Published 10:05 pm, Tuesday, August 15, 2017 stay hotel rooms . Photo: MARY E. O’LEARY / HEARST CONNECTICUT MEDIA" class="landscape" /> stay hotel rooms ." src="src" /> Photo: MARY E. O’LEARY / HEARST CONNECTICUT MEDIA Image 1 of / 1 Caption Close Image 1 of 1 The Union apartments in New Haven are at right, next to the parking lot at 85 Elm St., where 105 more apartments, mainly studios, will be built. It will also have 21 extended- stay hotel rooms . The Union apartments in New Haven are at right, next to the parking lot at 85 Elm St., where 105 more apartments, mainly studios, will be built. It will also have 21 extended- stay hotel rooms . Photo: MARY E. O’LEARY / HEARST CONNECTICUT MEDIA Parking lot to become apartment complex on Elm Street in New Haven Back to Gallery NEW HAVEN >> A surface parking lot the city could never convince the owners of to fill with a garage, wi...

LocalConstruct aims to revamp Downtown Boise through housing

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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...

Phillips Realty Capital Arranges $31.3M Equity Financing for Metro Philadelphia Apartment Complex

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Woodfield Valley Forge will feature 320 apartment units , a 493- space parking garage , a pool, fitness center, spin/class studio, flex work space , pet spa and sky lounge. (Rendering courtesy of Woodfield Investments ) KING OF PRUSSIA, PA. — Phillips Realty Capital has arranged $31.3 million in equity financing for Woodfield Investments . The company provided the joint venture equity investment toward the acquisition and development of Woodfield Valley Forge , an apartment community in King of Prussia. Adam Bieber of Phillips Realty structured the equity financing . Woodfield Valley Forge will be a 320- unit apartment community located in The Valley at Valley Forge, a 122-acre, mixed-use development. The property will feature a 493- space parking garage , a pool, fitness center, spin/class studio, flex work space , pet spa and sky lounge. The site plan for the development was approved in March 2017. Tagged loans

On the 'Edge:' Building with 102 apartments in the pipeline for Metro area

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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...

PINNACLE : Jordan Foster Construction - Pinnacle Bank Place Wins ENR Award of Merit

Release date- 18082017 - Pinnacle Bank Place , a new Urban Living Project designed to bring more affordable and medium- income rental housing to downtown Fort Worth , has just won the Award of Merit in ENR Texas & Louisiana's 2017 Best Projectscompetition in the Residential/Hospitality category. Pinnacle Bank Place features 130 luxury apartments on the top four floors, ranging in size from 612 square feet to 1,302 square feet. Anchoring the 25, 064 gross square feet of the retail component on the first floor is the namesake, Pinnacle Bank. Adjacent to the Pinnacle Bank Place main structure is a 170,360-square- foot parking garage with 453 spaces. The garage was purposely designed with more than twice the required resident parking capacity , which provides a revenue source that offsets higher rents . Luxury apartments at affordable prices. Jordan Foster worked alongside the architect, structural engineer , City of Fort Worth's City Manager's Office and the Urba...

IDA approves tax breaks for Glen Cove apartment-retail project

Uniondale- based RXR Realty will receive more than $1.2 million in tax breaks to build a downtown Glen Cove apartment and retail project , the Glen Cove Industrial Development Agency decided Tuesday night . The IDA unanimously approved $1.24 million in mortgage and sales tax exemptions for Village Square, which, in addition to 146 apartments and 15,000 square feet in retail space, will include a 16,000-square- foot plaza deeded to the city for public events. Most Popular The board also approved 18 years of payments in lieu of taxes, or PILOTs, that will start at $183,062 for the first three years and increase 2 percent annually for 15 years. The value of that property tax break is undetermined. All seven candidates in the Sept. 12 Democratic City Council primary and the Democratic mayoral candidate , Councilman Timothy Tenke , attended the meeting and said afterward they support redeveloping the 2.8-acre site, most of which is comprised of vacant buildings. But they oppose the t...

Developer starts making case for Third and Walnut apartment waivers | News

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...