Apartment City

Four down, four to go: Monadnock files plans for new resi building in Bronx megacomplex Building to be part of Compass Residences project in Claremont Rendering of Compass Residences (Credit: Dattner Architects) UPDATED, 3:33 p.m. August 24:  The massive Compass Residences affordable housing development in the Bronx is moving forward. Monadnock Development filed plans with the city on Wednesday for an additional building in the eight-building complex. This one will be located on a vacant lot in Claremont at 1560 Boone Avenue and contain 366 affordable residential units , filings show. The mixed-use project will be 16 stories tall and span 604,082 square feet, including 7,276 square feet of commercial space and 1,202 square feet of community space. The remainder of the space will be residential. Monadnock is developing Compass Residences with Signature Urban Properties as part of the West Farms Redevelopment Plan . The neighborhood was rezoned from industrial to residential in 201...

Centre Street Partners , which is comprised of three local companies — The Community Builders, Jamaica Plain Neighborhood Development Corporation and Urban Edge, have been selected to begin the restoration of the Mildred C. Hailey public housing apartments . Hailey Apartments , Wednesday, May 18, 2016." width="771" height="518" class="size-large wp-image-19570" /> Richard Heath Dedication of Bromley Heath as Mildred C. Hailey Apartments , Wednesday, May 18, 2016. In February the Boston Housing Authority (BHA) announced they were seeking a private developer to renovate the Jackson Square apartment complex into a mixed- income community , with a commitment to preserve all of the existing affordable housing units . “In order to meet the housing needs of all of our residents, we must think creatively to preserve our existing affordable housing stock , while developing new housing,” said Mayor Martin Walsh via a press release on August 8th. “I am pl...

TAMPA — Water Street Tampa, the sweeping, 50-plus acre redevelopment project in Tampa's urban core, has unveiled new images and video of what the downtown district will look like upon completion. Strategic Property Partners , the real estate firm backed by Tampa Bay Lightning owner Jeff Vinik and Bill Gates' Cascade Investment, hired more than a dozen architect and design firms to create the aesthetics of the Water Street Tampa district . SPP released a conceptual illustration video Tuesday that shows overhead and street-level views of what the new $3 billion development, which will have 3,500 new residences and 13 acres of new parks, will look like when it's done nearly a decade from now. Previous Coverage: Finally, Jeff Vinik's vision has a name: Water Street Tampa SPP is working with nine architectural firms and three interior design firms on the project, according to a press release. These teams, which have "deep-routed passion and experience worki...

The Howard Hughes Corporation (NYSE:HHC) Q2 2017 Earnings Conference Call August 8, 2017, 10:00 AM ET Executives David Striph - Executive Vice President , Investor Relations David Weinreb - Chief Executive Officer Grant Herlitz - President David O’Reilly - Chief Financial Officer Peter Riley - General Counsel Analysts Alexander Goldfarb - Sandler O’Neill Robert Majek - CJS Securities Will Randall - Citigroup Waheed Khorsand - BWS Financial Alex Barron - Housing Research Center Steve Shaw - Compass Point Operator Good morning. And welcome to The Howard Hughes Corporation Second Quarter 2017 Earnings Conference Call . All participants will be in a listen-only mode. [ Operator Instructions ] After today’s presentation, there will be an opportunity to ask questions. [ Operator Instructions ] Please note, this event is being recorded. I would now like to turn the conference over to David Striph, Executive Vice President , Investor Relations . Please go ahead. David Striph Good morning. A...

If you work in retail — or know someone who does — here’s a scary statistic: Between 20 percent and 25 percent of U.S. malls will close in the next five years, according to predictions from financial analysts. It’s not just jobs that are at stake; sales tax revenue used to pave roads, hire police and light up City Hall is in jeopardy, too. Topping the most vulnerable list: Generic indoor malls of the 1970s and ’80s that have fallen victim to changing consumer tastes and online shopping (thanks, Amazon). But standalone stores aren ’t immune from the downturn, as we’ve seen on the Central Coast. Consider, for example, the Madonna Plaza/SLO Promenade shopping area off Highway 101. The behemoth that once was Gottschalks and later, Forever 21, is vacant (though some of the space will be occupied by a Sprouts market). Other large spaces, including Sears , HomeTown Buffet and Staples, are vacant as well. Not that all the news is glum; major chains like Best Buy, Petco and Kohl’s continue t...