Apartment City

Wangard Partners has purchased a four-story building in Milwaukee’s Walker’s Point neighborhood, with plans to convert the space into office and retail use. A rendering of 507 S. Second St. The 80,000-square-foot building at 507 S. Second St. was sold by Roadster Inc., which is led by Christopher Coakley, owner of C. Coakley Co., to 507 South 2nd Street Development LLC , led by Stewart Wangard, chairman and chief executive officer of Wangard Partners Inc., for $3.5 million,  according to state real estate records . Representatives from Wangard’s office could not be reached for comment. According to Wangard’s website, the building was formerly the Eagle Knitting Mills , built in 1928. Wangard is planning to renovate the space into 80,000 square feet of “ historic modern office ,” or 60,000 square feet of office with 20,000 square feet of ground-level retail. Wangard already has a significant presence in Walker’s Point with his Freshwater Plaza development . Freshwater Plaza is a mixe...

Fort Worth Business obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm . Country Oaks apartments in Weatherford sold The 64- unit Country Oaks apartments in Weatherford has been sold to Mercury Metroplex Real Estate VI LLC . Marketing the property on behalf of Weatherford Country Oaks LLC were Boyan Radic, Doug Banerjee, Andrew Mueller and John Marshall Doss of Greysteel Co. MANSFIELD RETAIL PROPERTY SOLD Cheney Center in Mansfield, a 11,375-square- foot retail property at 640 West Debbie Lane , has been sold to an undisclosed buyer. Philip Levy of Marcus & Millichap Real Estate Investment Services’ Fort Worth office marketed the property on behalf of the seller, a private investor. At closing, the center was 83 percent occupied. Tenants include Comet Cleaners , Habaneros, Lucy Donuts, Fuji Foot Spa, Allstate, Edward D. Jones and Uncle Bo’s Hamburgers. SALES The Fort Worth building originally constructed fo...

MUSKEGON, MI - Part of the old Shaw Walker factory downtown Muskegon are coming down.  Demolition has begun on sections of the 1-million- square foot building . So far, a large portion facing Division Street has been reduced to piles of bricks.  An agreement with the city of Muskegon in January gave the building's owner, P&G Holdings of New York, two years to develop the sprawling building into apartments and an entertainment complex.  Watermark Center plans at old Shaw Walker topic of public hearing The former furniture factory consists of multiple additions. "In order to allow our contractors to get a good handle on the overall scope of the proposed redevelopment, as well as support them in their efforts to provide realistic bid pricing , we began some selective demolition last week at the site," said Sarah Sass, president of the Watermark Center. "The demo is consistent with the scope originally contemplated and it also removes some structural concerns t...

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...

Photo: Contributed Photo / Contributed Photo Image 1 of / 3 Caption Close Image 1 of 3 Zion Lutheran Church at 128 Glenbrook Road in Stamford, Conn. is on the market for $3,176,000. The church's congregation plans to sell the building to another religious group or developer who would keep the church intact. less Zion Lutheran Church at 128 Glenbrook Road in Stamford, Conn. is on the market for $3,176,000. The church's congregation plans to sell the building to another religious group or developer who would keep the ... more Photo: Contributed Photo / Contributed Photo Image 2 of 3 Zion Lutheran Church at 128 Glenbrook Road in Stamford, Conn. is on the market for $3,176,000. The church's congregation plans to sell the building to another religious group or developer who would keep the church intact. less Zion Lutheran Church at 128 Glenbrook Road in Stamford, Conn. is on the market for $3,176,000. The church's congregation plans to sell the building to another re...

The former Crossland Economy Studios at Patchen Village has been closed for several weeks, and the noise of a drill prepping a wall to be knocked down echoes through its tattered remains. Walk into a room and be prepared to hold your breath: Trash litters the dirty carpet, including fast-food wrappers, a chip bag and a child’s yellow truck. The televisions are ancient thick screens , scraps of blue-and-ivory wallpaper in some kitchenettes were last popular during the “country kitchen” fad of the 1980s and at least one of the rooms gives off the thick smell of repeated urination. But, by the end of 2017, this could become tiny apartments for millennials, complete with a coffee bar and computers in an expanded, airy lobby. Prices for the new apartments have not yet been set. “We’re looking for people who don’t want a big place,” Norwood Cowgill , president of Cowgill Properties , said. “They want a small place, just to sleep in.” Norwood Cowgill launched his StudioPlus brand from this ...

CONTRIBUTED GRAPHIC Pictured is an exterior view rendering of The Willows 58- unit apartment complex on Campbell Drive. Construction on the $13.3 million dollar, 50, 215 square foot facility began earlier this week. A much anticipated local housing project has broken ground. Ben Daniels, president of The Willows Assisted Living and Memory Care, told the Times- Republican earlier this week construction equipment is on site in the 2000 block of Campbell Drive. When completed in summer of 2018, the 50,215 square foot complex costing $13.3 million will offer: • 24 one-bedroom apartments; • 12 studio apartments; and • Four two-bedroom apartments. The Memory Care Center will feature: • 16 Studio apartments; • Two deluxe studio apartments (for two residents); and • 4, 500 square foot of garden courtyard adjacent to the wing. A private retreat for residents needing closer care . “We are excited to see construction equipment on site,” said Daniels. “The Willows will fill a signific...

Government loves to create winners and losers.  The Chad Mayes led Assembly Republicans , the seven of them, voted to force some companies to buy “credits” to stay in business—this is a tax increase.  Then they also said they prefer government transportation by making it more expensive to drive a car—Mayes and friends voted to raise gas taxes by 63 cents a gallon.  In zoning matters, government really likes to create winners and losers. “Facing down a record number of vacancies on State Street and a citywide backlog of building permit applications , the Santa Barbara City Council voted unanimously this Tuesday to enact a six- month pilot program to improve and accelerate the review process for prospective commercial tenants along the downtown business corridor. Applicants for properties between Sola and Cabrillo streets, where more than 30 storefronts currently sit empty, will now be bumped to the front of the line at design review board hearings . Two members of the city’s ...

Address: 1300 W. Lake St., Minneapolis Website:   www.revelapts.com/revel-minneapolis-mn/ Opened: Aug. 1, 2017 Occupancy rate: 35 percent (45 percent leased) Monthly rents: $1,465-$2,895 Owner: The Carlyle Group, The Michaels Organization, CPM Cos. Architect: ESG Architects Property description: The apartment boom in Uptown Minneapolis continues unabated . The newest entry, Revel Apartments, is a stylish addition to a stylish neighborhood of housing between West Lake Street and Lagoon Avenue. The six-level Revel — which has an outdoor rooftop patio with sweeping views of the city — has all the accoutrements of luxury living with one significant difference from its competitors. It has a 21,410-square- foot Target Express on the Lagoon Avenue side opening in October. One of the highlights of the building is the third floor, which features a fitness center and an indoor community room with a gas fireplace, casual seating, pool tables and arcade games. The adjacent patio offers ...

After five years and the demolition of a former car dealership site on Main Street, Royal Oak will see a Hyatt hotel, a mixed-use building and a parking deck by next year, a developer promised. “I think you’re going to see a lot of action at that site from here on out,” Greg Cooksey of Trailhead RO LLC told City Commissioners . He added the timeline for project completion is September 2018. Cooksey has worked in a development partnership on the project with Versa Development in Southfield. City Commissioners approved a few changes to the proposed project Monday night and preliminary construction is underway at the former Jim Fresard Pontiac -Buick- GMC dealership site just north of 11 Mile Road. Advertisement The six-story hotel is designed to have 123 rooms on the top three floors, a bar cafe in the lobby, over 1,600 square feet of meeting rooms and a 4,400-square-foot restaurant on the ground floor, and 18,000 square feet of office space on the second floor. An eight...

It’s hard to stand out in New York’s microcosm of over-the- top real estate , where eight-figure listings are a dime a dozen and co-op boards are as steely as they come. One building, however, has managed to take the cake year after year as one of the city’s most exclusive addresses: 834 Fifth Avenue. The co-op, which sits on Fifth Avenue between 64th and 65th streets overlooking the Central Park zoo , was once described by the New York Observer as “the most pedigreed building on the snobbiest street in the country’s most real estate–obsessed city.” How does a building in a city of millions of buildings get this distinction? As one of its units continues to hold the distinction of most expensive apartment for sale in New York, we thought it was time to understand why. An living area photographed shortly after the building was constructed in 1931. Photo: MCNY/Gottscho-Schleisner / Getty Images Background Designed by Sicilian- American architect Rosario Candela , 834 Fifth was built ...

At the five-unit condo at 3525 14th St. NW, a new development by Congressional Properties, units are priced from $599,900 to $649,900. (Benjamin C Tankersley/For The Washington Post) Home buyers always hope to purchase at the right moment in the housing market and in the right location, preferably one where new development will add value. Condominiums have been rising for years on streets near the Columbia Heights Metro station and the Georgia Avenue- Petworth Metro station , yet developers always seem to find new locations to squeeze in more. The five-unit condo at 3525 14th St. NW, a new development by Congressional Properties, was a small retail business on the ground floor with an apartment above, says Brian Athey, founder and president of Congressional Properties in Washington. “We like that location a lot because you can walk to Metro very easily and get to restaurants and shops, but the immediate area along 14th Street is still changing pretty quickly ,” Athey says. “We fee...

An apartment development valued at $48 million is coming to West Ashley. Charleston-based Middle Street Partners  said it has broken ground on the 316-unit Atlantic at Grand Oaks complex on Ashley Gardens Boulevard . It's near West Ashley Circle at Bees Ferry Road and Glenn McConnell Parkway . The rental complex will feature 16 two- and three-story buildings and a 7,000-square-foot clubhouse with a fitness center, cafe and community kitchen overlooking a pool. The 26-acre site also will feature large open spaces and several grand trees for which the property is named. Apartments will include kitchen islands with granite countertops, 9-foot ceilings and screened porches. Live Oak Contracting of Jacksonville, Fla., is the general contractor. Construction should be completed in October 2018. Now renting A new 240- unit apartment complex is now open in Goose Creek. The Passage at 100 Underwood Lane, owned by Woodfield Investments and managed by CF Real Estate Services , is ...

PARK SLOPE, BROOKLYN — If you've ever wanted to live in the old Brooklyn home of a notorious gangster, you've got a chance to do it. The Park Slope home where Al Capone used to live is up for sale, and it will only cost you a cool $2.5 million to move in. Capone grew up in a nearby building on Garfield Place, according to realtor.com, and moved into this listing in the early 1900s. "If he had lived here today, he wouldn’t have to go into the rum-running business," listing agent Bren Salamon told Patch . That's because Capone could make some serious dough from the two rental units attached to the condo, which could bring in a pretty penny in 2017 Park Slope . Anyone who moves in, though, won't be looking at any old relics of Brooklyn gone by. The home, as many are in the borough these days, was completely renovated by an investor about a year ago. The main townhouse is 2, 980 square feet spread over two levels. Along with three bedrooms and 2.5 bathrooms, t...

More than three years after the proposal for new apartments and retail at 2340 N. California Avenue first surfaced, the project’s developers have finally broken ground . According to developers Hunt Investment Management and Savoy Development , workers have finally begun constructing a new six-story building at the site. The project, which currently does not have a formal name or branding yet, will eventually deliver 138 apartments , 44 vehicle parking spaces , and roughly 9, 000 square feet of ground floor retail space to the booming Logan Square neighborhood by fall 2018. While it was proposed around the same time as other nearby transit-oriented developments that have been completed and open for at least several months, the plan to develop on California had experienced a number of alterations and setbacks since it was introduced in April 2014. Originally dubbed “California Studios,” the plan from Savoy Development sought a dense 66-unit project with 63 units being studio apar...