Business Specialties
Ground Breaks on Southern California Community Designed for 21st-Century Seniors
Long Beach, Calif.–Work has gotten underway on the Long Beach Senior Arts Colony, a 200-residence affordable housing community in Long Beach, Calif., designed by architectural firm Studio One Eleven to tailor to the demands of today’s seniors.
New Jersey Mixed-Use Property Recognized for Brownfield Redevelopment
Stafford Township, N.J.–Brownfield Renewal magazine recently honored the developer of Stafford Park, a mixed-use development in Stafford Township, N.J., with a Brownfield Renewal Award at the 14th National Brownfields Conference held in Philadelphia. The Stafford Park development, which was undertaken by the Walters Group, has a major multifamily component in the form of Stafford Park Apartments.
Woodfield Buys 32 Acres for 258-Unit Apartment Project in Suburban Charleston, S.C.
Mt. Pleasant, S.C.–Woodfield Investments LLC is well aware that there is a gap between supply and demand in the apartment market in Mt. Pleasant, S.C., a highly sought-after Charleston suburb, and the company has made a major move toward filling the void.
Marketer’s Partnership with Furniture Retailer Closes Condo Deals
Brooklyn, N.Y.–Many people have to “see it to believe it,” and for some prospective buyers at Oro in downtown Brooklyn, seeing the curved-wall condominium residences decked out by trendy upscale furniture retailer BoConcepts made them believe they could see themselves making a home in one of the architecturally unique units at the rounded glass and brick tower designed by Ismael Leyva Architects.
Yonkers IDA Completes Incentive Packages for Four Multifamily Properties
Yonkers, N.Y.–The Yonkers Industrial Development Agency (IDA) has closed on financial incentive deals for 10 residential and commercial projects in that city last year, including a number of affordable housing projects. All together, the residential projects are expected to create 282 new units of housing.
Designing for Dignity
The goal of every program that seeks to alleviate homelessness is to provide the individual with both stable housing and a support net of services, the convergence of which is best realized in permanent supportive housing.
SoCal Mortgage Banker Sees Burgeoning Opportunity in Multifamily Finance
Marina Del Rey, Calif.–Q10/Dwyer-Curlett has arranged $31.8 million in equity financing for the development of the Shores, a 544-unit apartment project to be built in Marina Del Rey. The deal is the first foray into multifamily finance by the company, which is a mortgage banking firm with three offices in southern California, and a member of Q10 Capital LLC, which specializes in commercial real estate finance.
Fifteen Years in the Making, Oakland’s MacArthur Transit Village Breaks Ground
Oakland, Calif.–It has been a very, very long time coming, but work has finally gotten underway on MacArthur Transit Village, a massive, mixed-use transit-oriented development that will ultimately deliver 624 multifamily residences centered on a Bay Area Rapid Transit station and additional future transportation outlets in Oakland, Calif.
Apartments to Rise on Site of Failed San Diego Condo Development
San Diego–Alliance Residential Co. has acquired a 1.3-acre development site in the Little Italy district of downtown San Diego and is planning 201 apartment units for it.
Suburban Boston Apartment Project to Take Its Cue from Rehabilitated 19th Century Building
Melrose, Mass.–In a $52.5 million endeavor, Wood Partners plans to mix some of the old with a bit of the new to create Alta Stone Place, a multi-structure apartment community in Melrose, Mass.