Development
Lease-up begins at Barzilay’s Iron Mill Lofts in Philadelphia
Barzilay Development has announced that leasing efforts have commenced for its Philadelphia adaptive reuse development, Iron Mill Lofts.
Alchemy Properties’ 35XV Condo Development is 80 Percent Sold
Alchemy Properties has announced that 80 percent of the residences at its 35XV condominium development have been sold. The 24-story building is located at 35 West 15th Street in Manhattan and is expected to be completed by the fourth quarter of 2014.
Duo of Development Partners Purchases Former Turkey Processing Plant in Colorado
Pathfinder Partners and development partner 150 Main announced that they have closed on the $4.5 million acquisition of the former Butterball Turkey processing plant in Longmont, Colo.
A Place for All
Monroe Street Market brings an eclectic mix of offerings to DC’s Brookland and Edgewood neighborhoods.
Eco-friendly Rental Building Now Leasing in Long Island City
Douglas Elliman Development Marketing has announced that the L+M Development project, The Pearson Court Square, which transformed a vacant Long Island City lot at 45-50 Pearson Street into a 197-unit eco-friendly luxury rental building, has launched leasing efforts.
Greystar Adds Elan to Fort Lauderdale’s Downtown District
Stiles Construction has announced the topping off of Elan 16Forty, a 261-unit luxury apartment community in downtown Fort Lauderdale.
Huffines Communities Unveils Second Phase of Hebron 121 Station
Multifamily developer Huffines Communities, members of the Denton County Transit Authority and other community members recently celebrated the grand opening of the second phase of the master-planned community Hebron 121 Station.
Hell’s Kitchen Boutique Rental and Hotel is Now Open
Douglas Elliman Development Marketing has announced that leasing has started at the new 12-story Cassa Hotel and Residences in the Hell’s Kitchen neighborhood of New York.
TODAY’S DEALS: Morgan Properties, The Olayan Group Buy $309M Apartment Portfolio
Morgan Properties and The Olayan Group buy 2,671 apartments in the Maryland and Virginia suburbs of Washington, D.C.; The Richman Group acquires a Florida development site for a 417-unit community; and NorthMarq Capital secures $32 million for multifamily properties.
RMK Management Welcomes First Residents to 73 East Lake Luxury Apartments
Chicago—RMK Management has announced that residents have started moving into the 42-story, M & R Development apartment building in Chicago’s Loop. The luxury building is the first new-construction apartment tower to open in 2014 and M & R’s first luxury apartment tower to open in Chicago since 2010.