The 234 Apartment

Copyright © 2013 Albuquerque Journal Construction is expected to begin in early October on the $ 23 million Broadstone Cottonwood , a 254- unit luxury apartment project on the hill between the Intel Corp. plant in Rio Rancho and Albuquerque’s Cottonwood area. A joint venture of Albuquerque’s Titan Development and Phoenix- based Alliance Residential , Broadstone Cottonwood will be built on 13.3 now-vacant acres on the west side of N.M. 528. It will consist of 24 mostly two- and three-story buildings with a total of 325,433 square feet of space, which includes rental garages . Designed in what could be called a California Mission style of architecture, the Cottonwood project will be a variation of another Titan-Alliance collaboration, the 280- unit Broadstone Santa Monica apartments at 6401 Santa Monica NE , east across Interstate 25 from the Journal Center . Advertisement Continue reading The Cottonwood and Santa Monica projects combined create work for about 700 workers in constr...

Mill Creek nabs $80M construction loan for phase two of Dadeland apartments CIT is the lender By Katherine Kallergis | August 21, 2017 08:45AM Rendering of Modera Metro Dadeland ’s second phase Mill Creek Residential just closed on an $ 80 million loan for the second phase of Modera Metro Dadeland , a 25- story apartment tower planned near Dadeland Mall, property records show . New York- based CIT Bank is the lender. Mill Creek, a Dallas- based multifamily developer , is building the 422-unit building at 8215 Southwest 72nd Avenue . Records show Mill Creek ’s Metro Dadeland II LLC paid $11.4 million for the 1.8- acre development site in 2014. Mill Creek is wrapping up construction of the first phase, also a 422-unit, 25- story rental development at the same address. Amenities will include two rooftop decks, a park and pet spa, parking garage, a pool, gym and clubhouse. Leasing begins in early September. The second phase will have its own amenities and leasing office. Constructi...

The Horizons at Rock Creek apartments in Superior have been sold in the largest multifamily transaction in Colorado history . In a deal that closed Monday, real estate investor Bell Partners of Greensboro, N.C., will pay about $250 million for the 1,206- unit luxury apartment complex to the southeast of U.S. 36 and South 88th Street . It marks the first western U.S. acquisition for Bell Partners, whose $ 5 billion apartment portfolio is based primarily in the Southeast. “They were looking for an opportunity to get into this market and establish a beachhead,” said Terrance Hunt, executive managing director of ARA, a Newmark Co., which brokered the transaction. “This was a prime opportunity for them to set up shop here.” The 80- acre property features a 13-acre lake and a 24,000-square-foot clubhouse. Horizons at Rock Creek sits west of the Interlocken business park and the FlatIron Crossing mall in Broomfield. “They will really be able to take advantage of the Interlocken mar...

A pair of Kissimmee apartment communities both located just off John Young Parkway changed hands last week to different buyer groups for nearly $90 million. Virginia-based Chandler Management Corp. paid $49.5 million on Aug. 8 for the  Lake Tivoli Apartments . The 384-unit complex was developed in two phases, with the bulk of the property built in 1990. The second phase was added in 2002. The gated complex, which is located midway between Kissimmee's two major hospitals, consists of 36 two-and three-story buildings and was 97-percent occupied at the time of sale. CBRE ’s Shelton Granade, Luke Wickham, and Justin Basquill represented the seller in the transaction. The second sale took place in The Hunter's Creek/LOOP submarket. New York-based Bluerock Real Estate  paid $40 million on Aug. 9 for Sonoma Pointe apartments . The Class-A community, located on John Young Parkway across from The LOOP shopping center , was completed in 2015. This is the fifth Central Florida multi...

Copyright © 2015 Albuquerque Journal Platinum Apartments construction project employs a 60-foot- high building crane to lift prefabricated framing panels into place. Building cranes on an urban skyline are a common sign that a city is experiencing redevelopment. (Adolphe Pierre-Louis/Albuquerque Journal)" width="265" height="400" /> The Platinum Apartments construction project employs a 60-foot- high building crane to lift prefabricated framing panels into place. Building cranes on an urban skyline are a common sign that a city is experiencing redevelopment. (Adolphe Pierre-Louis/Albuquerque Journal) Optimism was in the air in early 2007 when preliminary plans got underway for a four- story housing project a block south of Central Avenue at the east end of Nob Hill. “Over the next decade, you’re going to see the entire landscape in that area change,” Chicago- based developer Rick Goldman told the Journal in an article from February of that year. Go...

By Craig Young Reporter- Herald Staff Writer concrete slab foundation Monday at a new apartment complex under construction on" alt="Jaime Lupian with M&R Concrete, left, puts some finishing touches on a concrete slab foundation Monday at a new apartment complex under construction on" style="border: 0px;" /> Jaime Lupian with M&R Concrete, left, puts some finishing touches on a concrete slab foundation Monday at a new apartment complex under construction on the northeast corner of Southeast 14th Street and Lincoln Avenue in Loveland. The project, Pinyon Pointe, is directly west of Waterford Place Apartments , seen in the background. ( Jenny Sparks / Loveland Reporter-Herald ) LOVELAND -- The residents of Waterford Place Apartments in south Loveland will be getting new neighbors by the end of the year as the first units in a new complex open. Pinyon Pointe, a 166-apartment project at 451 SE 14th St ....

As Case & Associates Properties finishes up work on its new Portofino Apartments at 127th Street East and Central, the Tulsa-based company is preparing to start a new complex in Maize. President Scott Case has been keeping the project quiet until now because “homeowners are very sensitive now when you say ‘multifamily.’   ” The approximately 270-unit complex will be on about 14 acres north of the Maize City Administration building, which is north of 37th and Maize Road. Case says he and his company have been working with homeowners in the area “to try to soften the impact of multifamily next to single family.” “It would be a great addition to the community,” says LewJene Schneider , one of the property owners. “This brings a luxury, high-end, Class A facility to the community,” says Schneider, who along with her family also developed the nearby Watercress neighborhood. Schneider says the apartment complex “will attract a clientele that we hope will eventually move right in to Wat...