Condo
Investor Buys Chicago Condos, Plans Conversion
Beal Properties acquired the 117-unit asset for $30 million from Wellington Place Condominium Association.
South FL Condo Project Lands $17M Loan
The proceeds of the mortgage will finance construction of the luxury community. Site work is underway, with the property scheduled to open by the end of 2018.
JV Secures Financing for Manhattan Luxury Condos
Delancey Street Associates, a joint venture including BFC Partners, L+M Development Partners, Taconic Investment Partners and Goldman Sachs, is developing 202 Broome at Essex Crossing, which will include 83 units and retail and office space. Construction is expected to be complete in 2021.
Manhattan Condo Project Secures $72M
Highline Development Group’s property, 550 W. 29th Street, includes 19 units and more than 5,000 square feet of retail or gallery space.
Manhattan Luxury Condos Land $155M Financing
Sumaida + Khurana and LENY’s 35-story project will be the award-winning architect Alvaro Siza’s first U.S. development and will include 83 highly amenitized units.
Tishman Speyer to Develop 480-Unit Brooklyn Tower
The luxury community 11 Hoyt, the company’s first ground-up New York City condo project, will feature 190 floorplans and on-site parking.
Park and Shore Tops Out in NJ
Upon completion, Strategic Capital’s two-building luxury development will bring a total of 429 units to the Jersey City market, marking the Newport neighborhood’s first waterfront condominium in 10 years.
Columbia City Condos to Break Ground This Summer
BDR Urban LLC is planning to complete the 96-unit Sonata Condominiums project in southern Seattle by the end of 2019.
CIBC Provides $25M Construction Loan for Ft. Lauderdale Tower
Slated for delivery in 2020, the 46-level building known as 100 Las Olas is already one month ahead of schedule and projected to be the tallest of its kind in the city.
The Appeal of Boutique Condo Living in Bay Harbour Islands
Mark Pordes, CEO of Pordes Residential, discusses the attractiveness of the area’s luxury condo market and how the company’s 101 Bay Harbor development fits into the scenery.