Luxury
Housing Trust Group Completes Phase 1 of AZ Luxury Property
Aviva, in the Phoenix suburb of Mesa, includes 166 units and features a 150-foot resort-style pool, electric car stations and yoga/spin studio. Phase two will be the addition of seven more buildings that will house the remaining 159 units.
The Williams Co. Secures $18M for Knoxville Asset
The new financing package will enable the company to update the 198-unit property and pay off $16.5 million in existing debt.
FL Assisted Living and Memory Care Center Breaks Ground
The luxury Watercrest Naples community will feature 96 assisted living and 32 memory care units, and will provide resort-style amenities to future residents.
Northeast Buyers Shift Focus to Miami
Henry Torres, president & CEO of The Astor Cos., talks to MHN about how tax reform has encouraged buyers to look south, and why Coral Gables is proving to be an attractive place for investment.
GMH Capital Partners Opens PA Upscale Asset
The Pendleton at Cranberry Woods is 25 minutes north of downtown Pittsburgh and offers 320 units.
CAPREIT Debuts Luxury Baltimore Community
The company will manage the 103-unit Nelson Kohl, which was developed by SAA Ernst Valery Investments. Amenities include a sky lounge, dog run and fitness center.
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.
Top 10 Apartment Owners in Richmond
After lagging the nation for most of 2017, rent growth in the city started rebounding last December. Upscale demand is driven by large commitments made by tech companies in the area, bringing in new multifamily construction.
Paramount Assets Reaches Halfway Point on NJ Luxury Mixed-Use
William Flats is an adaptive reuse of the former United Women’s Garment Workers’ Union headquarters in Newark and is scheduled for completion by October 2018.
On the Market: 5 Interesting Listings for the Week of 4/2
This week’s listings include a historic luxury community in Iowa and a property near Lake Michigan’s southernmost point.