Apartment City

CHICAGO – The co- development team of Conor Commercial Real Estate , a national real estate development firm and a member of The McShane Companies , and Ravine Park Partners (RPP), a Jeff Annenberg and Greg Moyer company , is pleased to announce the groundbreaking for Woodview Apartments, a new 248- unit luxury apartment development in Deerfield, Illinois.  Prominently situated at Deerfield Road and Interstate 94 in the north suburban Chicago market , the multi- family development will provide luxury rental residences incorporating an upscale array of features together with well- appointed tenant amenities .  The co- development team will begin tenant occupancy in first quarter of 2015 while the remaining portions of the complex will be completed in summer 2015. The four-story, 432, 000 square foot apartment development will be constructed with thoughtful architectural and landscape design in order to seamlessly integrate into the surrounding neighborhoo...

Providence Place Apartments rendering by SGN+A. HUNTSVILLE, Alabama -- Developers are breaking ground or already at work on several major apartment projects this year across the Huntsville area. The construction activity isn 't surprising to David Wilson, who tracks dozens of apartment complexes with 60 or more units in the local market. "We've had few new construction starts the last few years," he said. "Things are ramping up after a lull." It helps that the Huntsville area has one of the healthier economies in the state and region, Wilson said. Only 86 apartments were added to the local market in 2011, according to Wilson, a sales agent with Birmingham- based Rock Apartment Advisors and president of The David Wilson Co. in Huntsville. In 2010, 644 apartment units were delivered. Site preparation work started earlier this year at the site of Providence Place Apartments at the northeast corner of Providence Main Street and Biltmore Drive in west Hunts...

RED Development has sold an 11-acre parcel at Rayzor Ranch Town Center in Denton, Texas, to EPC Real Estate Group , which will develop The Village at Rayzor Ranch , a 292- unit luxury apartment community . RED Development and EPC Real Estate Group have worked together before. “We sold them the parcel and they are developing it,” Scott Rehorn, RED Development’s managing partner, told MHN . “We did a previous deal with them in Flagstaff, Ariz., where they built apartments over the top of our retail, and in this case, it’s sitting behind where our future retail is going to go.” Amenities The new apartment community will consist of studio, one- and two-bedroom units. Community amenities will include a resort-style pool with cabanas and outdoor grills, a yoga center, fire pits a 24- hour fitness center and a dog park. The new apartment community will be part of the Rayzor Ranch Town Center , which recently added eight new tenants including furniture store Rooms To Go, Andy B’s Enterta...

With SoCal rents rising , developers are busy building apartment communities , particularly in Los Angeles. L.A. remains among the top 10 least affordable housing markets in the nation. Rents climbed to $2,054 in January, way above the national average . Ballooning home prices have made home-ownership more difficult, and in turn put downward pressure on apartment vacancy rates . Despite the issues with affordability and the growing amount of lifestyle supply, we expect continued strong demand . The pronounced need for housing has resulted in a construction boom, and there are no signs of slowing down. At this point, everyone is trying to get a slice of the action, buying and building along the way. According to Yardi Matrix data , these are the top 10 owners in the Los Angeles market , based on unit counts. 10. Aimco Palazzo East at Park La Brea Aimco, or Apartment Investment Management Co., is among the largest owners and operators of apartment communities in the United States. T...

Over the next week, SouthBMore.com will be posting development photo tours of all the projects under construction in South Baltimore . This tour features development in Otterbein, Federal Hill, and Sharp-Leadenhall. Check out SouthBMore.com’s South Baltimore Development Rundown for information about all the real estate projects under construction, recently completed, or in planning in South Baltimore . 414 Light Street The currently under- construction 414 Light Street development will include 394 apartments, 40,000 sq. ft. of outdoor and indoor amenity space , 12,300 sq. ft. of ground floor retail space , and a 550- car parking garage . More than 25 floors have been constructed and exterior glass is being installed. The site was formerly a McCormick & Company spice factory . Each of the building’s 41 floor plans will be named after a spice. 414 Light Street will offer studio, one-bedroom, and two-bedroom apartments. More than half of the units will have private balconies. Ba...

Alta Farmers Market " src="https://media.atre.yardi.com/2/29672/images/Alta-Farmers-Market.jpg?w=300&h=137" alt="" width="300" height="137" /> Alta Farmers Market By Liviu Oltean, Associate Editor Atlanta- based Wood Partners recently started work on the development of Alta Farmers Market , a 313- unit apartment community in downtown Dallas . Located on Cesar Chavez Boulevard , the 262,000-square- foot Alta Farmers Market will feature a structured parking garage ; a club room; a fitness facility; two courtyards with a pool and two water features; a grilling area; a fire pit; and an outdoor social lounge . “We broke ground on Farmers Market just over a month ago and are making great progress ,” said Wood Partners development associate Ryan Miller in an official statement. “With the revitalization of the Dallas Farmers Market next door and a resurgence in Deep Ellum, our residents will have great access to restaurants and entertai...

KALAMAZOO, MI -- Walden Woods condominiums could expand by 200 units in the Arcadia neighborhood . In order to complete the project, the city of Kalamazoo will need to rezone 10.1-acres at 565 S. Drake to a residential, single-dwelling district. Thursday, the Planning Commission recommended the City Commission approve rezone the land, which will contain 40-60 owner- occupied units . The wooded and undeveloped property was formerly part of a Drake's Pond Apartments project approved by the City Commission in 1987. A total of 497 units in 35 buildings was constructed on 36 acres of land, but the owners of the apartment complex sold the remaining property to American Village Development II , LLC. American Village Development built the Walden Woods condominium project to the east of the property. An expansion of the condominiums requires the portion of land bought from Drake's Pond Apartments to be rezoned.  In total, AVD plans to build 215-230 units. Jack Gesmundo, an AVD ...

Forest Cove Apartments, a Housing Trust Group development , has launched pre-leasing of its 120- unit luxury community , which is scheduled to open at 7674 E. Brainerd Road on May 1. With a variety of novel features, Forest Cove is singular in the Chattanooga market offering upscale amenities , lush greenery and park space, garages and a well- developed discount program for renters with local retailers. “Chattanooga has become a magnet for big employers, entrepreneurs and creative people attracted by its high-speed Internet, so we sought to create a cutting- edge apartment package unlike any other rental community in the area,” said Matthew Rieger, president/CEO of Housing Trust Group , a multi-faceted developer with operations throughout the Southeastern U.S. “We believe Forest Cove will be a pacesetter for apartments in the future. By combining greenery and park space with modern design and technology, we have designed Forest Cove as a retreat in a natural environment, and a plac...

Richdale Apartments offers four distinct communities in Lincoln: Tanglewood Apartments , Lionsgate Apartments , Rockledge Oak Apartments and Lenox Village. +4  Tanglewood Apartments Tanglewood Apartments , 301 N. 44th St., 402-466-6000 Live the simple life at Tanglewood Apartments . Tucked away in a tranquil location but still just one mile from the city’s main drag, O Street, you can get where you’re going and get there fast. Whether it’s wine night, a Husker basketball game at the UNL campus or a shopping adventure at any one of Lincoln’s malls, Tanglewood puts you in the middle of it all. When you live in one of our spacious one or two bedroom lavish apartments you’ ll enjoy large walk -in closets, a breakfast bar, wood burning fireplace and washer/dryer in unit. We understand that as a student you lead a busy life, that’s why Tanglewood is all about convenience. Grab a workout buddy and train in our 24- hour fitness center , complete with a dry-heat sauna. Or embr...

Seven years ago, a turn down Osage Street from West Colfax Avenue would take you to an area with pretty much the same people it has now: mostly Hispanic, mostly women, and mostly low-income. While the faces haven’t changed, the face of public housing has. Colorful new apartments now stand in the mixed- income neighborhood , surrounded by parks, and a new pool that replaced the Denver Housing Authority ’s severely depressed and obsolete South Lincoln Homes . Though the contemporary architecture might evoke fears of a “problem” population being driven out by a more affluent group of residents, the $ 197 million Mariposa District wasn ’t a ploy by DHA to build more luxury apartments in central Denver . Instead, it was a plan to give the residents who already lived there an upgrade – and more options by tripling the number of units available. RJ Sangosti, The Denver Post Doris Watson recently moved into a two bedroom apartment that is part of the $197 million redevelopment of the South L...

Phil Luciano Journal Star columnist @lucianophil Wanted: Doorman. That’s one of the employment opportunities arising at Stonewood Luxury Apartments , the planned 20- unit transformation of the old Julian Hotel, 724 SW Adams St . But the position might be hard to fill, if one of the requirements is experience, especially locally. Doormen, once an elegant staple of Peoria’s hotels and movie houses, became extinct here decades ago. “It’s something long forgotten,” says Kelly Petersen , who with his wife, Ashley, is developing Stonewood. I couldn’t helped but notice the news in this paper that the complex “will include a doorman.” I’m not the only one intrigued about that notion: Petersen (who with his wife owns ARMS/Absolute Risk Management Solutions, an East Peoria- based investment development company ) says he has been peppered with questions about the novelty. A doorman isn’t quite as anachronistic as, say, an ice man or milkman. But it’s certainly a throwback to Peoria’s...

When He Yuanliu came to the US in 2014, he was alone. Now, the vice-president of property developer DMG Investments LLC sits in a high- rise office building on Wall Street with a staff of 20. Across the Hudson River is what He considers a milestone for his company: One Park, a 14-story, 204-unit condominium on New Jersey's so- called Gold Coast . "It's the first project that has been developed and funded by ourselves, showing we have successfully fit into the US housing market," He said. The US subsidiary of DoThink Group, one of the top 100 real estate firms in China, DMG Investments was established by Hein New York when he arrived. Construction of the $150 million, 409,029-square-foot One Park in Cliffside Park started in October 2015 and is expected to be completed in the summer of 2018 and to be fully occupied in two years. A sales office for the condominium opened on July 1. "We decided on Cliffside Park because we saw it as a very habitable neighbor,...

OMAHA, Neb.--( BUSINESS WIRE )-- Marcus® Hotels & Resorts , a division of The Marcus Corporation (NYSE: MCS), and Marriott Hotels announced today the official opening of the Omaha Marriott Downtown at the Capitol District in Omaha, Neb. The 333-room, 12-story hotel is the first new full- service premium hotel to open in Omaha in more than a decade. It also serves as a major anchor of the Capitol District, an upscale urban destination dining and entertainment district located in the heart of downtown Omaha . Marcus Hotels & Resorts is a minority investor in the property and is managing the new hotel. “We are thrilled to officially welcome guests to the Omaha Marriott Downtown located in the city’s first entertainment district, the Capitol District. Led by General Manager Steve Hilton , the hotel team has spent countless hours over the past year ensuring that the Omaha Marriott Downtown is an exceptional place to stay, meet, relax, dine and celebrate,” said Joseph Khairal...