The 234 Apartment

Dr Anas A Kozbari, managing partner and CEO of IGO. RELATED ARTICLES: Nakheel to award Dragon Towers contract by end of 2017 | Eshraq awards $39m contract for Abu Dhabi tower | Salini Impregilo wins $435m Meydan mall contract Dubai- based developer Invest Group Overseas (IGO) has launched the IGO 101 tower, its latest residential project in Dubai’s Jumeirah Lakes Towers (JLT). With an investment of $136m (AED500m), the 195- metre tall tower will include G+39 floors and will be located in Cluster K of JLT. The project will comprise 449, one-, two-, and three-bedroom apartments that will feature amenities including a gym, health club and squash court, outdoor swimming pools , and kids area, as well as retail, food and beverage outlets. Construction will begin in December 2017, with a scheduled completion in the fourth quarter of 2020, IGO said. Dr Anas A Kozbari, managing partner and CEO of IGO, said that the company plans to fill a gap in the ...

Another program, run by the Urban Homesteading Assistance Board , works with the city on co-op conversions of buildings taken over from delinquent landlords. Tenants help with renovations and can eventually buy the units for low prices. About 30,000 apartments are in the program, which is administered by the city’s Department of Housing Preservation and Development. Since 2003 the city’s Housing Development Corporation has also been partnering with both for-profit and nonprofit developers to create new affordable apartments — 1,767 units in 21 buildings. The benefits of promoting homeownership in this way extend far beyond the individual owners, said Andrew Reicher, the executive director of the Urban Homesteading Assistance Board . “In the Lower East Side , in Harlem, in Bed-Stuy,” he said, “these owners stuck it out and struggled to improve their block, and improvements spread from their work. And they are not displaced when the neighborhood turns around.” Of course, the question fo...

Fort Worth, TX - March 31, 2017 - DIJ Properties is proud to announce the acquisition of Copper Creek Apartments , a 275- unit multifamily property in Fort Worth, Texas. In accordance to its previous strategic investment in the booming Fort Worth area , DIJ Properties singled out the Copper Creek Apartments for the property’s unique attributes and favorable location in east Fort Worth . Copper Creek is situated at the intersection of the heavily transited I-30 and I-820, which facilitates access to the DFW metro complex area . The beautiful, multi- family apartment community is comprised of 274 homes, on a wooded area of land which spans over 12.46 acres. Combining luxury and affordability, Copper Creek Apartments offers a wealth of amenities, which cater to the needs of families looking for a secure, welcoming and well- managed community in the Fort Worth area . DIJ’s spokesperson stated that “Our company is honored to announce that it has acquired Copper Creek Apartments . W...

WITH the median price of an apartment in Manhattan topping $1,000 a square foot, homeownership is often far out of reach. But there are options for those who cannot afford the market rate, including co-op apartments for buyers who earn a certain percentage of the area median income , or A.M.I. These buildings are scattered all over the city. Some date to the 1950s; others are brand-new and still looking for buyers. Some are limited to those who earn less than the median income -- 60 or 80 percent, for example (the median for a family of four in New York City is $83,000). Others have apartments for those earning a bit more than that sum. Many new developments try to bring in owners from different economic backgrounds, and are likely to include market-rate units as well. At one recent development, Atlantic Terrace, near the new Nets arena in Brooklyn, similar one-bedroom apartments were priced at $85,000, $113,000 and $232,000, depending on the buyer's income. A market-rate one-be...