Luxury
Related Cos. Opens Luxury Community in Hollywood
The Argyle House, the latest in the company’s Reserve Collection, includes 114 units and integrated smart technology such as app-based grocery ordering, pantry and fridge stocking, dry cleaning, and laundry pick-up and delivery.
South FL Condo Project Lands $17M Loan
The proceeds of the mortgage will finance construction of the luxury community. Site work is underway, with the property scheduled to open by the end of 2018.
Luxury Waterfront Community Opens in East Boston
The 25 percent pre-leased Boston East community, developed by Trinity Financial and East Boston Community Development Corp., features 200 luxury apartments and includes a community art gallery.
Feldman Equities, Two Roads Unveil Plans for $350M Tampa Tower
Riverwalk Place will be the tallest tower in the area and will include luxury condominiums, offices and restaurants.
Miami Luxury Development Receives $58M Loan
Estate Investment Group secured the construction financing through Florida Community Bank. The community dubbed Soleste Twenty2 is slated for delivery in mid-2019.
JPI Continues Dallas Investment
The company broke ground on a 409-unit luxury community, which will comprise approximately 300,000 square feet of office space and 22,000 square feet of retail.
Downtown Phoenix’s 2nd Tallest Residential Tower Underway
Parallel Capital Partners sold a one-acre parcel within Arizona Center to North American Development Group. The company intends to build there a $100 million, 30-story tower.
Top 10 Largest Multifamily Completions in the Midwest
From Chicago to Omaha, multifamily activity across the area has been quite dynamic during the last 12 months, with tens of thousands of units being added to the inventory.
AIMCO Extends Philly Footprint With $445M Portfolio Buy
The company acquired six communities in the metro with a total of 1,116 units from Dranoff Properties. The deal is expected to close in the second quarter of this year, except for the purchase of one property that is expected to close in the first half of 2019.
Loukas Development Tops Off Chicago Mixed-Use
Designed by bKL Architecture, the 12-story Van Buren will comprise 148 luxury units and 7,500 square feet of ground-floor retail space.