Development
WinnCompanies Completes MA Adaptive Reuse
Residences at Mill 10 includes 75 units of mixed-income housing in a 110-year-old former mill building in the western Massachusetts community of Ludlow.
Tampa Luxury Condo Tower Breaks Ground
The 24-story Virage is slated for completion by 2019 and prices range between $1 million and $5 million. The sales team has already signed more than $75 million worth of contracts.
Work Underway on CA Ventures’ Phoenix Community
The first of three phases of The LINK PHX is a 30-story mixed-use structure that will feature 257 apartments and 7,000 square feet of retail space, half of which will be reserved for start-ups, not-for-profit enterprises and artists.
Stiles Tapped to Develop Ft. Lauderdale High-Rise
The 25-story tower will feature 327 units and an array of luxury amenities. This will be the company’s second project with Greystar in the city.
Sentre Plans Townhome Development in San Diego
Villea at Lake Murray in the Lake Murray neighborhood of La Mesa, Calif., which is a San Diego suburb, will feature 27 units, each averaging more than 1,000 square feet.
Top 10 Multifamily Adaptive Reuse Projects
Space conversion has become an increasingly popular trend, providing untapped opportunity for both investors and developers, in addition to neighborhood revitalization. Based on Yardi Matrix data, the list below includes the largest residential properties in the U.S. that went through adaptive reuses without losing their historical value.
Calmwater Capital Provides Financing for MI Student Housing
The $12.7 million loan will go into acquiring and upgrading a 144-unit community near Oakland University in Auburn Hills, Mich. The owners are Andover Real Estate Partners and M Group.
Luxury Community Opens on Philly’s Main Line
The 36-acre site where the luxury apartment community is located also features a 20,000-square-foot historic mansion built in 1881, which will be updated with modern amenities.
Russo Starts Work on Mixed-Use Project in Northern NJ
Phase I of Vermella Union includes 462 rental apartments, 65,000 square feet of indoor/outdoor amenities and 40,000 square feet of retail space.
Philly’s Presidential City Gets Full Makeover
The luxury community features an upscale swimming resort called Sora Pool Club among other amenities. The property is currently 90 percent leased.