New Joint Master Plan for Philadelphia’s 30th Street Station Underway
New York-based Skidmore, Owings & Merrill LLP (SOM), in association with Parsons Brinckerhoff, OLIN and HR&A Advisors has been selected by Amtrak, Drexel University and Brandywine Realty Trust to develop a comprehensive joint master plan for the area surrounding Philadelphia’s 30th Street Station.
Greysteel Arranges Sale of Fredericksburg, Va. Community
Greysteel has announced that it has brokered the sale of a 200-unit affordable housing community in Fredericksburg, Va. The transit-oriented community, Townsend Square Apartments, was acquired by Federal Capital Partners for $18.8 million.
Orion Real Estate Services to Manage The Oaks at Timbergrove
Arel Capital has announced that it has tapped Orion Real Estate Services to manage its Houston community The Oaks at Timbergrove.
Condo Sales Underway at Renovated Upper East Side Building
Sales have commenced at RFR Holding LLCs newest residential condominium, 300 East 64th Street, located in New York’s highly-sought after Upper East Side neighborhood. The 31-story building is currently the only condominium in the neighborhood offering immediate move-in opportunity.
Carroll Organization, Goldman Sachs Asset Management Acquire Mixed-Use Community in Tampa, Fla.
The Carroll Organization has announced that its joint venture with AIMS Real Estate has acquired the 617-unit mixed use community West Park Village, which is about 10 minutes north of Tampa, Fla.’s Westshore submarket. The property marks Carroll Organizations 14th major purchase in Florida and the asset is primed for value-add potential.
Incentives Aim to Green Up New York, Reduce Operating Costs for Building Owners
A recent study found that 75 percent of greenhouse gasses in New York City are being generated by buildings, a majority of which are multifamily residential buildings. The alarming figures have prompted companies to develop programs that incentivize green upgrades in an effort to entice multifamily building owners to curb emissions.
Crescent Communities Breaks Ground on Crescent Gateway
Crescent Communities has announced the ground breaking on its latest Orlando, Fla.-area luxury community, Crescent Gateway. The project, which is expected to complete in summer 2015, represents the first phase of the 80-acre Gateway development in the Orlando suburb of Altamonte Spring, Fla.
IAC Breaks Ground on Mixed-Use Student Housing Project in Midtown Atlanta
Dallas-based student housing developer and manager Inland American Communities Group has broken ground on a 706-bed mixed-use community adjacent to the northeastern edge of the Georgia Institute of Technology campus in Midtown Atlanta.
Trio of Developers to Bring First Major Luxury Community to Village of Tuckahoe, NY
A joint venture between Mack-Cali subsidiary Roseland, Glen M. Vetromile of Glenco Group and Phil Raffiani of Mirado Properties has announced the ground breaking on a 108-unit luxury mixed-use project on Main Street in the Village of Tuckahoe, N.Y.
Modern Spaces Heads Up Repositioning and Rebranding Efforts at Former Lower East Side School
Modern Spaces has been tapped as the exclusive rental and marketing agent for the building located at 371 Madison Street in Manhattan’s Lower East Side neighborhood. The building will be repurposed from luxury condos to rentals and will undergo a rebranding campaign.