The 234 Apartment

By Mike Smollins Village of Lynbrook officials are mulling a proposal by development company Mill Creek Residential to build a luxury apartment complex on Rocklyn Avenue, near Merrick Road. Hot Skates, Fun Station USA and Hi Tech Security now occupy the three-acre site. “Today’s apartment residents are craving a downtown living experience along with convenient access to a mix of urban and suburban lifestyle experiences ,” Russell Tepper, a senior managing director at MCR, wrote in an email to the Herald. “Lynbrook’s new residential community would serve all types of residents … so that they may take advantage of the luxuries of suburban living , without sacrificing the trappings of an urban, modern lifestyle.” MCR acquires and operates high- end rental communities across the country, and has built complexes in West Hempstead, Mineola, Yonkers, Westchester County and New Jersey. Tepper said that the company would create a transit- oriented residential community — a walkable nei...

Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won't want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They'll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for on the corner of ...

(Bloomberg)—Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won’t want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They’ll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for o...

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...

There are currently 168 townhomes & condos for sale in Arlington Heights with an average list price of $208,575. Arlington Heights Subdivisions with Townhomes & Condos for Sale: 12 Oaks At North Arlington - 1 home for sale 12 Oaks at North Arlington is a townhouse subdivision built in the mid 1960s. 12 Oaks at North Arlington is located in Arlington Heights, Illinois on the east side of Arlington Heights Road just north of Thomas Road. 121 S. Vail - 1 home for sale 121 S. Vail is a 27 unit condo building built in the 1970s. 121 S. Vail is located in Arlington Heights, Illinois. 205 W. Miner Street - 1 home for sale 205 W. Miner Street is a 28 unit condo building built in 1975. 205 W. Miner Street is located in Arlington Heights, Illinois. Arlington Crossings - 2 homes for sale Arlington Crossings is a 66 townhouse community built in the 2010 by Pulte Homes. Arlington Crossings features town homes with floor plans ranging from 1,464 to 1,736 square feet of living ...

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By KEVIN LANDRIGAN New Hampshire Union Leader August 20. 2017 11:16PM unit apartment complex ."> Elizabeth Voyiatzakis of Lucas Road in Manchester says her rural area is not the right location for a 165- unit apartment complex .  (Allegra Boverman/Union Leader) MANCHESTER — During three City Hall meetings over three months, residents of Lucas and South Mammoth Road desperately and sometimes loudly fought a luxury townhouse apartment rezoning request they maintain would forever change one of the last rural enclaves in the city. “I want somebody with a vested interest in keeping the land nice and this plan just won’t keep it that way,” said Elizabeth Voyiatzakis of 411 Lucas Road . Well-known developer William Socha got his turn at bat last week and made the most of it, filling the Manchester aldermanic chamber with employees, friends and residents of his other complexes. Their message? This development will produce $23 million in construction and generate $1.1 million to...

AT least two projects nestled in a mature residential precinct in District 9 near Somerset are being run as serviced apartments - despite not having the regulatory approval to do so - and a third one is opening. Oxley Thanksgiving Residence , a freehold condominium at 328 River Valley Road owned by Chinese temple Poh Ern Shih , and St Thomas Lodge , which also sits on freehold land at 32 St Thomas Walk , are listed for short-term stay on the website of accommodation service provider Atas Residence . The Business Times' visit to these projects confirmed that they are being run as serviced apartments. A third property, Devonshire Apartments at 17 Devonshire Road , has just undergone a major renovation, and the units there are understood to be starting a new chapter as serviced apartments this month. BT's query to the Urban Redevelopment Authority (URA) confirmed that these three properties are currently approved for residential use, but "do not have planning permission to...