Apartment Look

To Alice Fonseca, getting an apartment at The Beverly building downtown would be like winning the lottery. The 14-story project, set to open near North Station early next year, isn’t quite like all the other luxury housing that has sprouted up in downtown Boston recently . Every one of its 249 units will rent at below-market rates, with a one-bedroom starting at $900 a month for tenants of modest incomes. That’s about a third to half the cost of a similar unit just across the street. Advertisement “It’s a beautiful area , a dream area,” said Fonseca, who currently lives near Franklin Park, and will enter a lottery later this year that will choose The Beverly’s tenants. Instead of the usual mix of a few low- income units amid high -priced apartments, The Beverly is the first new complex in Boston composed entirely of “workforce housing,” an emerging category of midpriced housing with more affordable rents and wider income restrictions . The Beverly is setting aside 20 percent of its...

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...

Matt Boys recently bought a dilapidated triplex near Charles and Snelling avenues in St. Paul with the goal of leasing out one apartment the traditional way and listing two others through the short- term rental platform Airbnb . Given the ongoing construction of a Major League Soccer stadium down the street, the Airbnb opportunity justified the $40,000 renovation, said Boys, noting he might not have taken the chance otherwise. Likewise, not all the apartments at the Lowry Building on downtown St. Paul’s Wabasha Street are available for lease year-round or even month-to-month. Building owner Madison Equities rents out at least seven units through Airbnb, and a handful of year-round tenants have taken to doing the same. As a result, visitors to downtown St. Paul can spend a night or two at the Lowry relaxing in a more residential setting than the typical hotel. But soon both properties may be out of step with the law in St. Paul. On Friday, the St. Paul Planning Commission voted 11...

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...

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 ...

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...

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. ...

GRAND RAPIDS, MI - There's still a lot of concrete to be poured and drywall to be painted, but progress is being made on two of the city's largest apartment construction projects . Rockford Construction Co. and Wolverine Building Group handed out hardhats and safety vests to reporters on Wednesday, Aug. 23, so they could show off the progress they are making on projects along Market Avenue SW and in the Midtown Neighborhood along the Medical Mile.. At 234 Market Avenue SW , Rockford Construction is past the halfway point in building an apartment complex that will include 235 rental units , a 300- car parking ramp and ground floor retail space The property sits just west of a $60 million expansion of Founders Brewing Co. and across Market Avenue from 19 acres of riverfront property used by city public works departments . The city-owned land is on the market as a prime site for future development. Project manager Dan Korcek said they are on schedule to complete the $44 mil...

Demolition begins this week on a downtown San Pedro block that will be transformed into a seven- story apartment building that many hope will boost patronage for area shops, restaurants and the waterfront now beginning to take shape. Officials will mark the start of demolition at an informal groundbreaking at 9:30 a.m. Thursday at 550-560 S. Palos Verdes St . A more formal ceremony will be held in the coming weeks, according to the developer. Demolition is expected to take about a month and construction of the new 375-unit building should be complete in about three years, with the opening anticipated for 2020. It’s one of several residential developments planned to be built in and around the downtown San Pedro area over the next few years. Originally under the hands of Omninet Capital, the project was sold to Holland Partner Group in June for $24.5 million. Holland also is in exclusive negotiations to redevelop San Pedro ’s closed county courthouse just blocks away. Fewer, bigger...

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...

Mizner 200 will be one of the largest construction projects in Boca Raton's downtown, offering three nine- story apartment buildings across 9 acres. There will be 384 new apartments and garages with 672 parking spaces. You’ll also see an overhauled stretch of Southeast Mizner Boulevard — inundated with new canopy trees, park space and benches along an 8-foot-wide, paver-laden sidewalk. It’s too early to say when construction will begin. But Mizner 200, at 200 SE Mizner Blvd ., will give the area a much-needed face-lift, some residents say. It’s the latest high- rise project coming to downtown Boca, among the fastest rising in Palm Beach County . “It’s an amazing project and one that I think Boca can stand behind in a very proud fashion,” said Marisela Catilla, a resident of Royal Palm Place just across the street. The city, which this week approved the project, said it’s a product of cooperation between Mizner 200’s developer, Coral Springs-based El- ad National Properties , a...