Apartment Look

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. ...

Groundbreaking for Mobile's Meridian at the Port apartment complex on Wednesday was accompanied by new images illustrating backers' claims that it will be a transformative project for downtown. In the renderings, the five-story, 267- unit development is a large and distinctive presence on the east side of Water Street, a location that will make it one of the first landmarks seen by visitors arriving via I-165. Its features include an impressive poolside view of the Mobile skyline . Developers say the project will be completed in 2019. According to information provided by Leaf River Development Group and Bristol Development Group , the project will cost more than $51 million and will feature a mix of upscale studio, one-bedroom and two-bedroom apartments. Amenities are to include "9-10 foot ceilings, large windows, balconies, quartz countertops and custom cabinets, stainless steel appliances , soaking tubs or frameless showers, and walk-in closets." "This sho...

From left to right: An ERA Insite Realty office , Greystar’s 1 Kennedy Flats in Danbury. Bronxville’s Carlson Real Estate merges with ERA Insite Realty of White Plains Two family- owned Westchester real estate firms merged this week, the Westchester Business Journal reported . Bronxville’s Carson Real Estate , founded in 1972 by Marie Carlson and now run by her son Craig, will join ERA Insite Realty , a franchise of ERA that has operated as a family business in White Plains for 32 years. Previous to this, the Carlson brokerage was a franchise of Coldwell Banker. Craig Carlson will become an associate broker at ERA and will bring 20 brokers with him. Louis Budetti, principal broker of ERA Insite, said the merger worked because both firms “are both family- owned businesses and share common philosophies .” [WBJ] One Danbury apartment complex sells for $31M as a nearby Greystar-owned complex goes on sale The 135- unit Willow Grove apartment complex in Danbury sold for $31 million l...

This building in Kenya is characterised by a moucharabiah structural shell, optimising natural ventilation and light  This project, designed by Urko Sánchez Architects, consists of 14 apartments in Tudor Creek, Mombasa-Kenya. As part of the architect’s vision, the apartments benefit from the experience of outdoor living, contact with nature and the integration of the immediate surroundings into each private home. The building is located on the east coast of Kenya, Mombasa is the second-largest city in the country. A multicultural and strategic centre known for trading and skilled craftsmen, it is characterized by a savanna tropical climate and a land crossed by creeks. Tudor is situated on the Creek's waterfront, which is a privileged location north of Mombasa Island. With lush vegetation all around and a serene neighbourhood, the project naturally fits into this environment. The architects worked closely with the client to create a building with minimal environmen...

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...

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...

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...

Pinnacle Bank to open downtown location at Pinnacle Bank Place Pinnacle Bank will open the doors at its new branch location in downtown Fort Worth next week making this the bank’s sixth Fort Worth location , bank officials announced Aug . 17. The full-service branch is located on the ground floor of the Pinnacle Bank Place building on Lancaster Avenue. “As a community-focused bank, it’s important for us to support the growth of Fort Worth,” said Ronny Korb, Pinnacle Bank Charter President . “We take a lot of pride in this project and look forward to what’s ahead for downtown and Lancaster Avenue.” In 2015, Pinnacle Bank and the City of Fort Worth’s Local Development Corporation reached two agreements in the development of the five- story Pinnacle Bank Place . Pinnacle Bank loaned the LDC $16.5 million to construct the 160,000-square-foot, mixed-use development building . It is located on Lancaster Avenue between Jennings and Throckmorton streets near the Fort Worth Omni Hotel and...

CLOSE North Korea threat; Fatal Rehoboth Beach house fire ; Bruce Springsteen on Broadway 8/10/17 1303 Delaware Avenue was purchased by Capano Management . (Photo: Courtesy of Capano Management ) Capano Management continues to bolster its residential portfolio with the acquisition of 1303 Delaware Apartment Homes in Wilmington's fashionable Trolley Square neighborhood . A sales price was not disclosed. Capano financed the purchase with a fixed-rate loan from Fannie Mae.  The privately-held Wilmington-based developer's multifamily division, Capano Residential , purchased the 231- unit high rise from Merion Realty Partners , a Wynnewood, Pennsylvania, real estate investment firm . Jeffrey Shumaker, vice president responsible for Merion's multifamily division, declined to comment on the transaction. "That's not public information," Shumaker said of the sale.  Upon acquisition, Capano Residential , which is headed by Louis J. Capano, renamed the property Par...