Luxury
Tarrytown Boutique-Style Community Announces Opening Date
Located west of MoPac, in Central Austin’s Tarrytown, the property includes 27 new residential units up for lease. The community offers the unique feature of having no stairs, only elevators to and from its underground parking.
LMC Tops Off Minneapolis Community
After topping off a mixed-use community in Dallas last month, LMC topped off NordHaus, a luxury mixed-use community located in the heart of Northeast Minneapolis. NordHaus is a 20-story community that features 280 apartments, including 12 penthouses, and 22,000 square feet of ground-floor retail and restaurant space. Residents will have access to amenities such as an expansive club room with kitchen, state-of-the-art fitness center, outdoor, resort-level pool deck, cyber café with conference room and rooftop theatre. Additionally, NordHaus features a pet park with pet washing area, a video game room and bike lounges. Located at 315 NE First Ave., the property…
On the Market: 5 Interesting Listings for the Week of 5/8
This week’s listings include a Phoenix garden-style community for $1 million and a well-designed urban property in Portland.
Highly Anticipated San Fran Condos Catch the Eye
The 67-unit community at 1450 Franklin St. was designed by BDE Architects and Sternberg Benjamin Architects.
US Rent Growth Falls Below Long-Term Average
Average U.S. monthly rents increased by $3 to $1,314, the smallest growth seen since April 2011, when rates increased 1.5 percent.
Berkadia Closes Largest San Diego Apartment Transaction
American Assets Trust acquired Pacific Ridge, a $232 million luxury community that includes 533 units and is 95 percent occupied.
Hines, McCaffery Break Ground in Chicago
A new mixed-use building anchoring the Lincoln Park neighborhood is set to rise on the former Children’s Memorial Hospital site.
SummerHill Wraps Santa Clara Luxury Community
The company broke ground on the 186-unit property designed by KTGY Architecture + Planning at the end of 2014. The four-story property features one- and two-bedroom luxury apartments ranging from 758 to 1,378 square feet.
Brooklyn Luxury Apartments Land $120M Loan
Square Mile Capital Management originated the loan on behalf of developer Lightstone, which completed construction in March 2016. The apartment community comprises 344 market-rate and 86 affordable units.
On the Market: 5 Interesting Listings for the Week of 5/1
This week’s listings include a Katy, Texas, property situated on 13 acres and a modern luxury condo development with full entitlements in Scottsdale, Ariz.