The 234 Apartment

The value of new construction starts in July advanced 6% from the previous month to a seasonally adjusted annual rate of $728.1 billion, it was reported by Dodge Data & Analytics. Leading the way was a 26% jump by the nonbuilding construction sector , which reflected an improved level for public works and the start of two massive power plants , located respectively in California and New York. Residential building in July increased 8 %, as multifamily housing rebounded after three consecutive monthly declines .  Running counter was a 7% slide for nonresidential building following its 14% hike in June, as both office buildings and hotels retreated from June’s elevated activity , outweighing a sharp rise for healthcare facilities in July.  During the first seven months of 2017, total construction starts on an unadjusted basis were $411.9 billion, down 1% from the same period a year ago.  Dampening the year-to-date performance for total construction was a steep 44% decline for t...

The value of new construction starts in July advanced 6 % from the previous month to a seasonally adjusted annual rate of $728.1 billion, according to the most recent report from Dodge Data & Analytics.   Leading the way was a 26% jump by the nonbuilding construction sector , which reflected an improved level for public works and the start of two massive power plants in California and New York.   Residential building in July increased 8 %, as multifamily housing rebounded after three consecutive monthly declines . Running counter was a 7% slide for nonresidential building , following its 14% hike in June, as both office buildings and hotels retreated from June’s elevated activity , outweighing a sharp rise for health care facilities in July.   During the first seven months of 2017, total construction starts on an unadjusted basis were $411.9 billion, down 1% from the same period a year ago. Dampening the year-to-date performance for total construction was a steep 44% declin...

Pilot Will Create 1,000 Affordable Units Over Three Years on the Near North and West Sides CHICAGO–(ENEWSPF)–August 25, 2017. Mayor Rahm Emanuel today joined Alderman Walter Burnett and Alderman Joe Moreno to announce a pilot initiative to enhance affordability requirements for large residential development projects in gentrifying areas on the Near North and Near West sides, and along Milwaukee Avenue . Over three years, the initiative is expected to create up to 1,000 affordable units in areas that need them. “Access to affordable housing is critical to Chicago’s legacy as one of the world’s most livable big cities , especially as the real estate market undergoes unprecedented neighborhood development ,” Mayor Emanuel said. “This initiative will create more affordable units in targeted areas while helping the city to assess the most effective ways of meeting neighborhood affordable housing goals .” To be introduced to City Council on Sept. 6, the proposed improvements would be...

Jorge M. Perez and his Related Group are bullish on Tampa Bay. How bullish? Some $350 million worth. That's how much the Miami-based company has invested so far in the area, particularly in the city of Tampa. "We love cities, and this is a can-do city," says Perez, who founded Related in 1979 and built it into one of the nation's largest real estate conglomerates . PREVIOUS COVERAGE: Related Group breaks ground on complex at old Tampa Tribune site Perez was in Tampa on Wednesday for the official groundbreaking of Manor Riverwalk, Related's 400- unit luxury apartment project where the Tampa Tribune once stood; and a visit to the site of Town Westshore, where Related plans 396 apartments in the Westshore Marina District near the Gandy Bridge. The company also expects to start construction in September on the 368-unit Icon St. Petersburg in the city's Edge District, and is lead developer on Tampa's $750- million West River redevelopment . In an interv...

Development Aug 25, 2017   Share Also: Freeman Webb buys in Alabama; Turner releases quarterly report ; Cool Springs Hilton topped The space for the future Nashville office of Lieff Cabraser Heimann & Bernstein is being prepped at 222 2nd, the SoBro-based mixed-use tower soon to open. Thomas Constructors is handling the build-out, with a permit valued at $600,000. The building (pictured as a rendering in the center of the above photo) is located at 222 Second Ave. S. Nashville-based Gresham Smith & Partners designed the tower and will be a tenant. Lieff Cabraser is based in San Francisco. The local office operates at One Nashville Place in the CBD. Cool Springs Hilton topped The building to eventually house the 244-room, eight-story Hilton Franklin/Cool Springs Hotel has been topped. Developer Chartwell Hospitality has slated a ceremony to recognize the milestone for Tuesday, Aug. 29, according to a release. Once completed in summer 2018, the project will include a two...

Fish, most of them the length of an outstretched hand outstretched , seem to know Tea Hoffmann. They form a school at the sound of footsteps on her dock. They wait in the shallows for morsels of cereal or bread. And shallower and shallower they are. “I’m all for people selling their property, making money and all of that,” said Hoffmann, one of six homeowners with docks on a small cove off Mill Creek. “I do not want them just clearing everything and making this cove fill up with dirt.” Hoffmann moved to the area five years ago, but she hadn’t seen anything like what she did Monday. Rain fell, and water began rushing from a construction site at the head of the cove. Only it wasn’t just water. Hoffmann photographed and videoed muddy water pouring into the lake. “That’s the first day that it happened,” Hoffmann said. “It even stained the rocks, it was so bad.” Apartments have been under construction just beside Senator Road for a few months. When it rains, water runs into the lake. But...

“It’s kind of in my bloodline,” said Jack Barr. Contests, events & more from Tyee and select partners His great-grandfather, grandfather, and father were all Freemasons. Barr followed in their footsteps, and is the president of the Vancouver Masonic Centre Association today . As political scientist Robert Putnam noted in his famous work Bowling Alone , community groups like the Freemasons have been declining for the last few decades. Religious groups like the Roman Catholic Knights of Columbus, military groups like Legions, service clubs like Rotary and Kiwanis, even youth scouting groups and bowling leagues have seen participation plummet. Some longtime churches have also seen congregations shrink dramatically . Barr says freemasonry’s most recent heyday was the late-1960s and early-1970s. But the organizations are still around, and many own property. A number of groups are facing the question of what to do with their land and buildings as needs change, along with their abili...

SPRINGFIELD — A Central Oregon homebuilder wants to develop the largest new subdivision in Springfield since the years before the 2008 real estate crash . Hayden Homes filed plans this month for a 116-house subdivision dubbed “Louie Heights” on a large swath of vacant land near Jasper Road in the city’s southeast corner, planning documents filed this month by the firm show. Owned by prominent local developer and real estate manager Jack Louie , the 52-acre parcel between Jasper Road and the former Weyerhaeuser/­­Booth- Kelly logging truck road appears to be one of the largest undeveloped residential -zoned properties within Springfield’s urban growth boundary . Louie declined to comment on the plan, calling it preliminary. A Hayden Homes official listed as the project applicant didn ’t return a message seeking comment . Redmond- based Hayden Homes has built hundreds of houses and developed more than a half- dozen large subdivisions across Eugene and Springfield in the past two...

WALTHAM — The massive fire that destroyed a big apartment complex under construction in Waltham in July was caused by arson, investigators said Thursday, with damages estimated at $110 million. Initially, fire officials had said they did not believe the 10-alarm fire was suspicious. But once they began investigating the charred remains in detail, they began to rethink the cause, Fire Chief Paul Ciccone said. Advertisement “We systematically eliminated all possible causes,” said the state’s fire marshal, Peter J. Ostroskey. “That led us to this point.” The blaze began in the early morning on Sunday, July 23, and demolished the five-building complex on Cooper Street near the Charles River. The 264 units were scheduled to open next year. Get Fast Forward in your inbox: Forget yesterday's news. Get what you need today in this early-morning email. Citing the ongoing investigation, neither Ciccone nor Ostroskey would shed any light on a specific cause or potential motive for settin...