Apartment City

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...

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...

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 ...

Staff writer NATALIE WICKMAN hitched a ride with Champaign city officials and council members this week on a bus tour showing progress of ongoing capital improvements . Here's what she learned about four of them. CARLE AT THE FIELDS Cost to city: None. Due date: Early 2018 for the Carle and Health Alliance office building and the new Fields South Drive, which will connect Curtis and Windsor roads; sometime in 2018 for the Hampton Inn and Ambulatory Surgery Center. Carle Foundation Hospital 's new campus — located in the northwest quadrant of the Curtis Road interchange — will be anchored by a 300,000-square- foot office building for 1,400 employees. Surrounding it will be new medical buildings and a commercial center. The city's LACEY RAINS LOWE said the commercial center is being viewed by Carle as a "mini-downtown area." Another part of the campus will include a new Hampton Inn, surrounded by four mixed-use buildings with ground- floor commercial spaces a...

Centre Street Partners , which is comprised of three local companies — The Community Builders, Jamaica Plain Neighborhood Development Corporation and Urban Edge, have been selected to begin the restoration of the Mildred C. Hailey public housing apartments . Hailey Apartments , Wednesday, May 18, 2016." width="771" height="518" class="size-large wp-image-19570" /> Richard Heath Dedication of Bromley Heath as Mildred C. Hailey Apartments , Wednesday, May 18, 2016. In February the Boston Housing Authority (BHA) announced they were seeking a private developer to renovate the Jackson Square apartment complex into a mixed- income community , with a commitment to preserve all of the existing affordable housing units . “In order to meet the housing needs of all of our residents, we must think creatively to preserve our existing affordable housing stock , while developing new housing,” said Mayor Martin Walsh via a press release on August 8th. “I am pl...

In the 1920s, you could live on the edge of downtown off Park or Portland Avenue S. and never need to own a car. That’s because as much as a generation earlier, Park and Portland served as anchors for a swank residential neighborhood south of 10th Street, complete with tree- lined side streets , small hotels, townhouses and high-end apartments for professionals, many of them designed by leading architects. Well into the 1940s, this part of downtown was very much a neighborhood with networks of long-term residents and nearby cultural institutions , theaters and churches, as well as shops and restaurants. Today, there’s little reason to get out of your car, aside from the new Commons park by U.S. Bank Stadium. So many of the once-grand buildings were lost in the postwar flight to suburbia. In their place was left acres of parking lots and drive-though banks. But a walkable neighborhood is worth bringing back . And that’s what BKV Group hopes to do. The Minneapolis architecture, interi...

Tuesday, August 14, 2012 at 9 a.m. Figueroa Street , Downtown" /> Wendy Gilmartin Even before construction crews broke ground on the Orsini apartment complex back in 2001, its developers made themselves locally infamous for wriggling out of an inclusionary zoning provision that requires new residential apartment developments to contain at least 15 percent affordable units . (Attorneys on the developer's side argued the provision would cause "difficulties and hardships" by lowering the owners' cash flow.) Flash forward 11 years later (and two additional phases and two enormous additional buildings later) and the Orsini apartments at Figueroa Street and Cesar Chavez Avenue downtown are currently more than 15 percent vacant. They also host one of the hottest parking garages in town for car break-ins and petty criminal activity . Aside from its politically contentious past and crime riddled present , what makes the Orsini " apartment resort "...

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...

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...

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 ...

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...

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...