Apartment City

A vote in support of a controversial 114-unit, five- story apartment complex next to Forsyth Park could be reversed this week — or area residents hoping the project is blocked could just get their hopes dashed for a second time. One Savannah City Council member is now having second thoughts about rezoning the project site bounded by Drayton Street , East Bolton Street , Abercorn Street and East Bolton Lane . After voting to approve Delray Ventures’ rezoning request for the project on Aug. 3, Savannah Alderman Tony Thomas announced on Facebook the next day that he plans to call for the 5-3 vote to be reconsidered during Thursday’s meeting. Thomas said Monday that he wants to hear more information about the project and see if the developer would be open to reducing the scale of the building, which he now believes is too big for the area. “I’ve never ever called for reconsideration of a vote up until now because I have reservations and am not afraid to go out and limb and reconsider...

As part of preliminary terms of a development agreement between Stanford and the city of Menlo Park, Stanford officials have said the university will pay for half of the cost – up to a maximum of $5 million – to build a tunnel or overpass to allow safe crossing of the Caltrain tracks at Middle Avenue in Menlo Park. The Menlo Park City Council is expected to consider the terms of the development agreement for Stanford's proposed project a 500 El Camino Real at its meeting on Tuesday, Aug. 29. Under the proposed agreement, the city will administer the crossing project , but Stanford will help pay for it. A study by consultants from the transportation firm AECOM to develop preliminary designs for the crossing is in progress. The university also agreed to provide additional below-market- rate housing – a total of 10 units, two or three units beyond what is required as part of the city's below-market-rate ordinance – and to donate $1 million, or $100,000 for 10 years...

Buy Photo The new owner of Creekside Apartments , Rector resident Freedom Hobbs was on site Friday, preparing for tearing down the roof next week, he said. Hobbs will face the same deadlines as former owners Princeton Commercial B Holdings, LLC., according to Mountain Home Mayor Joe Dillard . (Photo: Josh Dooley/The Baxter Bulletin ) Buy Photo Once again, Creekside Village, an abandoned apartment complex , has a new owner, according to a warranty deed filed earlier this month in  Baxter County . The property was sold to Freedom Hobbs, of Rector, from its previous owner, Princeton Commercial B Holdings, LLC, based in Newark, Delaware. The deed was signed on Jan. 5 and filed on Monday. The document lists Quintin King, Princeton Commercial B Holdings national counsel , as the representative authorized to execute the sale on the company's behalf. The Creekside property, located at 105 S. Cardinal Drive, was sold to Hobbs for $175,000. Hobbs, the new owner, was at the Mountain Home c...

Dozens of posters, toys and trinkets adorn Anthony Anderson 's new studio apartment in Edina. Several of the items were given to him during his stay at a Minneapolis shelter . Anderson, now 22, kept track of how long he was homeless: three years and eight months. "Most of this is just donated stuff given to me," he said. "Whatever a person gives me, I don't complain, I just take it." One item does hold special meaning — a necklace with a small cross, hanging from the wall behind his bed. "That's the last thing I have from my grandmother," he said. "I always have it hanging above me, just to help me sleep." Anderson is one of 38 young adults living at 66 West Apartments, a housing complex for young people who have been homeless. Beacon Interfaith Housing Collaborative , the developer, held a grand opening last week for the $11.4 million complex. It's the third project of its kind that Beacon has developed and is its first in the...

Residents on one stretch of Sepulveda Boulevard in North Hills will be getting hundreds of new neighbors in a few years, from a four- building apartment complex at the shuttered Green Arrow Nursery and Hardware site. The Los Angeles City Council this week signed off on the project at 8811 Sepulveda Blvd. The development at the 4.5-acre site is slated to include up to 364 residential units, accompanied by parking spaces for 557 cars and 405 bicycles. On the side facing Langdon Avenue Elementary School , the buildings will be between two- and three-stories tall, while the apartments will rise to six floors on the Sepulveda Boulevard side . The project will be a noticeable addition to this area of North Hills and could lead to more interest by investors in the neighborhood, according to Art Simonian, whose company, Metro Investments, is the developer. While the area is not exactly a big draw for real estate investors , it shows promise, especially with new retail centers and developmen...

In 1996, Pohlson and Ryan began the Northern California division of Brookfield Residential Properties , a Calgary- based company that operates in nearly a dozen locales in the U.S. and Canada. Local roots Ryan grew up in Santa Rosa’s Bennett Valley just over the hill from University District. His father, John Ryan Sr., was in the real estate and mortgage business, which offered the opportunity for his son to work summer construction jobs . Ryan’s brothers James and Kevin continue to operate the family business, Ryan Mortgage in Santa Rosa. But after graduating from St. Mary’s College, Ryan went to work specializing in real estate for a large accounting firm . He later spent a decade with Los Angeles- based homebuilder KB Home , including a few years for the company in Paris. The company he now leads has 83 employees. It builds about 3,000 homes a year and sells another 4,000 residential lots to other home builders. At University District, while Brookfield has developed the lots and g...

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...

by Nena Perry-Brown As DC continues to reckon with its dearth of affordable housing, some laws that passed years ago but were never implemented, are resurfacing. One of those is the Rent Control Amendment Act of 2006. The law amended the original rent control law passed in 1985 to put in place the following provisions: Eliminating rent ceilings and rent ceiling adjustments that haven’t been approved in accordance with petitions; Creating parameters for how much and how often landlords can raise the rent on vacant and occupied apartments; and Requiring that the Mayor issue reports on establishing an income-based set aside program. While rent ceilings have been abolished and the latter provision has arguably been realized through the creation of inclusionary zoning, landlords have long been able to take advantage of the vacant-unit loophole over the years in order to increase profits and remove units from rent control restrictions . story continues below loading... story continues...

Rent-burdened tenants with a household income of less than $125,000 will be eligible for tax credits, if a new federal bill proposed by Joseph Crowley, chairman of the Democratic Caucus and Queens County Democratic Party , is signed into law. The Rent Relief Act would make individuals across the country with a household income of less than $125,000 whose primary residence is rental housing, and who pay more than 30 percent of their income in rent, eligible for one of two kinds of tax credits. The first would be a refundable tax credit for those living in non-subsidized housing within the fair market value for rentals. The size of the credit would be determined by taking into account the household’s annual income, the total amount spent annually on rent, and a stimulated rate of the federal government’s established fair market annual rent caps . The second would be available for individuals who live in government- subsidized rental housing like Section 8 or NYCHA, and allow them ...

Few desserts are complete without a dollop of something sweet on top, and the same may be said for Henri’s Bakery—a Buckhead institution for nearly 90 years. And yet, when it was announced the bakery would relocate from a building it’s called home since 1929, it seemed the iconic, rooftop sign would be lost in the move, due to a sign ordinace at the business’ new home, Andrews Square. But according to WABE, a special exception has been granted to allow the erection of “ historic iconic signs ” on rooftops. The measure was introduced by Atlanta City Councilwoman Yolanda Adrean and approved by the council Monday night . With clearance, the sign can now be taken out of storage and repositioned just down the street from where it once stood. The sign coming down at the old location. Henri’s Bakery This is hardly the first accommodation made to what Buckhead.com notes is the neighborhood’s second oldest business. Last year, as work was slated to begin on the apartment tower that will rep...