Luxury
Groundbreaking for Second Trump Plaza Building in Jersey City Expected in June
Developers of Trump Plaza in Jersey City, N.J., are gearing up for the ground breaking on the second tower of Trump Plaza in Jersey City after the city council approved a 5-year tax abatement on the property last week.
Condos Still Available at South Loop Luxury by Related
With condominium inventory at fewer than 450 units in the Chicago area, according to Appraisal Research Counselors, buyers looking to own their own residence in the area still have options. More than 300 units have been sold at South Loop Luxury by Related but there are still residences available at the trio of buildings in Chicago’s South Loop neighborhood.
Bijou Properties, Intercontinental Break Ground on New Development
Ground has broken on an $83 million luxury multifamily project in Hoboken, N.J., via a joint venture between Bijou Properties and Intercontinental Real Estate Corp. The project, 900 Monroe, is located next to the 9th Street Light Rail Station.
Aquinas Realty Partners Breaks Ground on Philadelphia Community
Aquinas Realty Partners, along with Philadelphia Mayor Michael A. Nutter, City Council President Darrell Clark and the Philadelphia Redevelopment Authority, recently hosted a groundbreaking event for a redevelopment project located at 2017-2023 Chestnut Street in Philadelphia.
ZOM Moves Forward With a Pair of New Developments in Miami
Luxury multifamily developer ZOM announced that it has closed on a pair of separate transactions that put the developer and its joint venture partners in positions to add more than 800 high-end rental apartments to the South Florida Market.
TODAY’S DEALS: The Bassuk Organization Closes $73.5M for NYC’s Chelsea Tower
The Bassuk Organization closes $73.5 million with TIAA-CREF for a luxury apartment community in New York; ARA arranges a 352-unit sale in Washington; and HFF brokers a $5.65 million sale, and closes a three-year, interest-only, loan for the acquisition of an apartment community.
American Land Ventures Unveils Latest on Fort Lauderdale Development
American Land Ventures, along with joint venture partner MetLife Real Estate Investors, has introduced its newest development project, VU | New River, which is ahead of schedule with construction after topping off in March in Fort Lauderdale, Fla.
Wood Partners Community in Hopkinton, Mass., Nearly Complete
Wood Partners has announced that construction is nearly completed at its $45 million development, Alta Legacy Farms, in Hopkinton, Mass. The 240-unit luxury community, located in the master-planned Legacy Farms project, opened for lease in July 2013 and is 43 percent leased.
Summer is Coming, Upgrade Your Grilling Game Now
Grilling is a great way to get your community interacting. A new line of ultra premium grills from Viking are sure to make your outdoor space the envy of the submarket.
Construction Rolling Along on The Charles Luxury Condos in Manhattan’s Upper East Side
The leadership team and crew working on the Upper East Side luxury development, The Charles, held a party to celebrate the building’s recent topping out. The 32-story condo building is being developed by Bluerock Real Estate LLC in collaboration with Ismael Leyva of ILA Architects and David Collins Studio interior designs.