Apartment City

Education Realty Trust (EDR), commonly known as EdR, is making every effort to leverage on the soaring demand for on-campus development of universities. Recently, the company opened the first phase of its ONE Plan on- campus replacement housing at the Northern Michigan University (NMU). This development, named The Woods in Marquette, MI, has 417 beds in a living-learning community. The property boasts ample amenities , including Internet and Wi-Fi, classrooms, study rooms, TV lounges and laundry facilities. The entire $75.4- million project is, however, slated for final delivery in 2018. The development will include 1,229 beds. EdR is leasing the land from the university, and the project will be funded through EdR’s On Campus Equity Plan — The ONE Plan. The plan helps in funding projects on university land with this student housing REIT ’s equity and financial flexibility. On the other hand, such partnerships allow the university to channelize its finances and organizational resou...

When you’re hanging out at Park Road Shopping Center or partying on Montford today, you barely even notice that there’s a creek nearby. But in a few years’ time, this hidden creek will be one of the newest crown jewels of Charlotte. The city is finalizing plans and designs for an extension of the Cross Charlotte Trail through this section of the Park Road corridor . Construction is expected to follow in about 18 months time. When it’s done, thickets of bramble and vines will give way to public parks and greenways with Little Sugar Creek as their centerpiece. The result will be a radically different vibe for a fast-growing part of town. Development has already ramped up in this area of Park Road, between the shopping center and Tyvola Road. The neighborhood has even given itself a new name: Montford Park. But as the trail gets underway, all manner of new apartments, offices and restaurants will sprout up around it to take advantage of the green space it provides. Think the area is ...

Bruce Chatterton moved to Meridian from Boise more than four years ago. The “room to grow” that is Meridian’s essence made him want to live and work there. Now the city’s community development director , Chatterton says it’s also been “fun seeing a small, somewhat quiet downtown become a place people want to hang out.” Meridian still has plenty of room to spread out, and that’s good, because its population is booming. It was the 13th-fastest-growing city in the U.S. last year. And it’s not just about Meridian. The growth is changing the whole Treasure Valley , affecting traffic, housing, health care, education and retail. The 2016 U.S. Census estimates put Meridian ’s population at nearly 96,000. The Community Planning Association of Southwest Idaho (Compass) estimates today ’s population at just more than 98,000. That’s a tenfold jump since 1990.   The growth seems unlikely to look to slow anytime soon, says Compass planner and demographics specialist Carl Miller , who lives in Meri...

CHAMPAIGN - When brothers Jeff, Steve and Mike Hartman went into the real estate development and management business together, they combined more than the initials of their first names. They also merged everything their father taught them about the construction business and all their mother taught them about family loyalty in their three enterprises, JSM Apartments, JSM Development and JSM Management. Under the JSM umbrella, the Hartmans now own and manage 700 apartments and 114,000 square feet of commercial space in Champaign-Urbana, including the new Technology Plaza apartment/retail/office complex in Campustown. And they have more developments on the way. Already started are a new apartment/retail complex on Gregory Street in Urbana, near the Krannert Center for the Performing Arts, and a new retail center on South Neil Street in Champaign, where Hillcrest Lumber used to be. The Hartmans say they work well together in business, running things jointly and never undertakin...

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...

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...