Apartment City

Lake Village Apartments is one of two Ann Arbor complexes bought this month in a record- setting deal involving The Habitat Co. Chris Asadian | AnnArbor.com Two of Ann Arbor ’s largest commercial properties were bought for a combined $85.7 million this month by an entity of the Chicago-based company that had been managing them. The Habitat Co. LLC acquired Windemere Apartments and Lake Village of Ann Arbor from Northwestern Mutual Life Insurance Company . The deals set records in the Ann Arbor market for the price paid per unit, signaling local impact of the national multifamily market experiencing a rebound. Sources said the Windemere deal is a record $92,083 for the 1980s-era property on the city’s north side near Nixon Road. And the Lake Village deal , at $115,277 per unit in the complex on South Main Street , is the highest in the market, based on information available to Habitat, said Matt Fiascone , senior vice president of finance and investment. “We think it’s the high...

1000 South Broadway Apartments . (Kevin J. Beaty/Denverite) apartment building; residential; real estate; denver; colorado; denverite; kevinjbeaty" width="1000" height="667" />The 1000 South Broadway Apartments . (Kevin J. Beaty/Denverite) When it was announced last week that Chipotle would be the first company to publicly partner with the city to subsidize housing for low- and moderate-income Denverites, a lot of people had the same question: Why doesn’t Chipotle just pay its employees enough money to afford Denver housing ? The answer, as you can probably guess, is in economics. “The balance between costs of housing in the city and wages… those two are grossly out of line,” said Erik Soliván, executive director of the Denver Office of Housing and Opportunities for People Everywhere (HOPE). “ We have a lot of people with jobs, the lowest — probably — unemployment rate in the country, but the wages are not keeping pace and are being far out-paced by the cost...

The Watermark at Trinity, an assisted living and memory care community in the Pasco County suburb of Trinity, has hired Shannon Morelli , RN, CDP, CADDCT, as memory care program director . Morelli has more than 16 years of experience in senior living, with an extensive knowledge of assisted living and memory care, hospital care, home health and hospice. In this role, Morelli will be responsible for all aspects of the community’s memory care program , including care , services, dining, family communication and satisfaction, training, programming, and regulatory compliance. “We’re thrilled to welcome Shannon to lead the team in our Memory Care Neighborhood ,” said Aileen Carlson, executive director of The Watermark at Trinity. “It takes a uniquely qualified professional to direct a Watermark memory care program . Shannon is a Certified Dementia Practitioner and trainer and is a big-thinker who welcomes innovation. That’s important for our pioneering programs and unique way of doin...

We all make choices — building companies or products or communities — around how much control and authority each of the participants has. Do we tightly control our users in order to streamline our product, or do we open up multiple interfaces and allow our users to drive? Do we share our data with others in the belief that a rising tide lifts all boats, or do we hide it to improve our competitive advantage? Do we allow users to deconstruct and reassemble our products, or does that void their warranty? Do we respect current norms of our industry, or do we see the need for disruption? In many instances, these are questions of centralized versus decentralized authority  — who has the right and ability to make choices. Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world. —  William Butler Yeats   In this post, we argue that we now have the ability to build more decentralized systems , and that these can often create a competitive advantage over existing solut...