The 234 Apartment

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...

Apartment hunters may soon have another option when shopping for an affordable place to rent in Round Rock. The Round Rock City Council passed a resolution of non-objection last week allowing Pedcor , the developer of the Shadow Ridge Apartments , to move forward with efforts to receive state tax incentives to help develop the complex. Shadow Ridge Apartments " width="460" height="418" />Applicants must make 60 percent of the area’s median income, which is approximately $78,000, according to city of Round Rock Planning Director Brad Wiseman , in order to qualify for one of the 256 units planned for the development.  It will be located on the northwest corner of A.W. Grimes and Old Settlers Boulevard and will be one of only a handful of income- restricted apartment complexes in the city. “There is a huge need in this entire region and all across Texas,” said Craig Lintner, senior vice president of Pedcor, to the council during the meeting. Wiseman said th...

Written by Michael P. Walsh WEST HAVEN, CT — Clasping a pair of oversize scissors, Mayor Edward M. O’Brien cut the ceremonial ribbon Thursday with Acorn Group founder David A. Beckerman and Vice President Gary S. Letendre to mark the grand opening of Acorn’s The Atwood, an $18 million apartment and commercial development at 222 Boston Post Road aimed at making the neighborhood around the Allingtown Green a destination. As many of the new building’s residents, all students of the nearby University of New Haven, moved into their new digs, O’Brien touted The Atwood’s highly anticipated opening as “one example of how we are transforming West Haven through economic development .” “This area is transforming before our eyes,” O’Brien told a group of more than a dozen city officials and project executives moments before the afternoon ribbon -cutting, which also included Jay Brotman , managing partner of the New Haven architectural firm Svigals + Partners, state Rep. Michael A. DiMass...

Multifamily sales totaled $147 million in the Buffalo area market in 2016, up from $127 in 2015 and again above the $ 100 million dollar level achieved each of the last five years.  The investment market is most active in suburban garden apartment complexes . Private locally based principals were active as both buyers and sellers with prices at all-time high per unit valuations . These older apartment properties comprise the majority of the existing inventory and are often fully occupied with rising rents. From a tenant perspective they are often the best housing available at a given price. Located in dense residential neighborhoods , they are near employment, shopping, entertainment and within desirable suburban school districts . It would be impossible to duplicate them today in the same locations with the same rent structure and consequently they have little competition in their price range. This drives the rent growth that attracts investors. In April of 2017, RENTCafe’s surve...

Image 1 of / 1 Caption Close Image 1 of 1 MARK ZARETSKY / HEARST CONNECTICUT MEDIA Officials from the city of West Haven, developer The Acorn Group and architect Svigals + Partners converse just prior to Thursday’s ribbon-cutting to celebrate completion of The Atwood, a 67-unit, four-story, mixed-use apartment and commercial building on Route 1. less MARK ZARETSKY / HEARST CONNECTICUT MEDIA Officials from the city of West Haven, developer The Acorn Group and architect Svigals + Partners converse just prior to Thursday’s ribbon-cutting to celebrate ... more Atwood development officially declared open in West Haven Back to Gallery WEST HAVEN >> Some residents already had moved in to The Atwood, a 67-unit, four-story, mixed-use apartment and commercial building on Route 1 — the first completed component of The Acorn Group’s ambitious University Commons project — when officials gathered Thursday to cut a celebratory ribbon to declare it open. They began moving in on Aug. 1. Addi...

The $13. 5 million Dillard project is scheduled to break ground in October and be completed in spring 2019, Deb Wendel-Daub, a Kilbourne project manager , said Wednesday, Aug. 23. The construction site is now a parking lot owned by the Dillard family but had once been home to row houses and a lumberyard, according to Kilbourne. Like many parking lots, it's not appealing to pedestrians and the new building is intended to change that. The Renaissance Zone Authority on Wednesday recommended tax exemptions for the project worth $967,000 over five years. After the incentives expire, Kilbourne estimates it would pay $202,000 a year in property taxes. The parking lot now pays $2,400 a year. Because the area is also part of a tax- increment financing district paying for a city- owned parking ramp that the developer finished in June, the taxes would go towards the ramp. Plans call for a 94,000-square-foot, six- story building with 84 apartment units and 13,000 square feet of ground...

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...