Development
Manhattan Mixed-Use Snags Pre-Development Financing
A joint venture obtained $200 million for 520 Fifth Ave., which will include 145 condos, 208 hotel rooms and 33,000 square feet of retail space.
Collier Breaks Ground on FL Community
Slated for completion in 2018, Canterbury Circle in Ocala will include 304 units in 20 buildings. The project will be the company’s third in the area.
10 Markets with the Greatest Rent Loss
Rent growth has been decelerating nationally after a wave of new development. Here are markets with the greatest loss in rents over the year.
Bijou, Intercontinental Launch NJ Mixed-Use Development
The joint venture’s 424-unit Hoboken community includes a state-of-the-art public gymnasium, two-acre resiliency park and other luxury amenities.
There’s Hope for This South Park Luxury High-Rise
Lendlease and Full Star Properties LLC started construction on a mixed-use luxury condo building, which has been in the pipeline since 2006.
Related, Stanford Debut Affordable Community in Bay Area
Related California broke ground on the 70-unit property in Palo Alto, Calif., in 2015. The community resulted from a 2005 agreement between the city of Palo Alto and Stanford University to create housing for Stanford faculty and the surrounding community.
Senior Affordable Community Comes Online in Huntsville
Stratus Development LLC developed the 60-unit property, which is restricted to residents who are 55 or older and earning 60 percent of the area median income or less.
Construction Kicks Off at Chicago’s Wolf Point East
The 60-story, 698-unit luxury apartment tower represents the second phase of the Wolf Point master plan, a three-phase project built by Hines along the Chicago River.
FCP to Provide Financing for Charleston Community
The company is collaborating with White Point Partners and Middle Street Partners on the 275-unit Foundry Point, located in the NoMo neighborhood of Charleston.
Brooklyn Condo Tower Kicks Off Sales
Developed by Mack Real Estate Group and Palin Enterprises, the 40-story luxury tower will be the tallest building in the borough’s Greenpoint neighborhood and will feature 95 units.