Development
The Ramifications of Mayor De Blasio’s Affordable Housing Plan
The mayor of New York City, Bill De Blasio, recently announced a housing plan that will preserve and create a total of 200,000 affordable units. MHN talks to Bomee Jung, interim director at Enterprise Community Partners Inc., about what this plan means for affordable housing.
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.
Mack Urban, Mill Creek Break Ground on $50M Playhouse District Project
A joint venture between Mack Urban and Mill Creek Development Company, including equity partner Cigna Investment Management, has announced it is breaking ground on a new $50 million, mixed-use, luxury community in the city’s historic neighborhood.
Carnegie Joins Permanent Collection at Smithsonian Cooper-Hewitt National Design Museum
The family-owned textile manufacturer has been going strong since it opened its doors in the 1950s, and now the team has achieved another level of design excellence.
Jasper Venture Group to Convert Queens Hospital to Condominiums
New York-based Jasper Venture Group has announced its plans to convert the vacant Parkway Hospital site in Queens’ Forest Hills neighborhood to luxury condominiums. The site features 107,142 square feet and a parking lot.
Consultatio Receives $332M Loan for Oceana Bal Harbour Development
Consultatio has secured a $332 million loan from several banks led by HSBC Holdings to move forward with the ultra-luxurious Oceana Bal Harbour development in Miami’s Bal Harbour neighborhood.
Bridge Housing and Community Housing Partnership Unveil Latest San Francisco Development
Non-profits Bridge Housing and Community Housing Partnership have unveiled their latest mixed-use affordable housing development, Rene Cazenave Apartments, in San Francisco’s evolving Transbay neighborhood.
Shamrock Communities Announces Re-Opening of Indianapolis Community
Shamrock Communities kicked off the grand re-opening of Cottages of Fall Creek Apartments in Indianapolis with an on-site ribbon cutting ceremony to celebrate the repositioning of the community.
Annex Student Living Continues to Increase Collegiate Portfolio
With the addition of three Midwest assets over the past year, Indianapolis-based student housing developer Annex Student Living increased its portfolio by $35 million and has contracts in place to grow its total assets to nearly $100 million by 2016.
Garden Communities Begins Leasing at Woodcrest at Clark in Clark, N.J.
Garden Homes subsidiary Garden Communities has announced the opening of the first of four apartment buildings in the company’s active adult community Woodcrest at Clark.