Luxury
Central Harlem Condo Development Half Sold After First Month on the Market
About half of the condominiums at L+M Development Partners Inc.’s Central Harlem mixed-use development, The Adeline, have sold in the first month of sales. The community is expected to be completed this fall.
Atlantic | Pacific Companies Acquires Class A Asset in San Marcos, Texas
Atlantic | Pacific Companies has added another Class A asset to its portfolio with the purchase of The Palazzo, a 300-unit garden-style apartment located in San Marcos, Texas.
The DSF Group Acquires a Class A Community in Hoboken
HFF has closed the sale of a 217-unit property in Hoboken, N.J. The DSF group picked up the property for $107.5 million.
New Development to Redefine Luxury in Denver’s Upscale Cherry Creek Neighborhood
CBRE has brokered a $92 million construction loan for BMC Investment’s development of a 218-unit luxury high-rise in Denver’s Cherry Creek neighborhood that will likely set a new price-per-unit record in the market.
Meeks + Partners-Designed Elan City Centre in Dallas Completed
Greystar’s newest Dallas development has opened. The asset was designed by Meeks + Partners and features luxurious amenities and modern floor plans.
First Post-Recession Condo Underway on Miami’s Brickell Avenue
Rilea Group is bringing Brickell Avenue something it hasn’t seen since the economic downturn: a new condo development. The Bond on Brickell, a 44-story luxury community, is expected to open in early 2016.
Trade Street Residential Pays $44M for Memphis Luxury Apartments
Florida-based Trade Street Residential Inc. has announced the acquisition of the 330-unit Miller Creek at Germantown luxury apartment community for $43.8 million from LIV Development LLC—formerly known as Red Mountain Development.
LandSouth Construction Begins Projects in Tennessee, Florida
LandSouth Construction, a general contractor that focuses on multifamily developments, has begun building two new projects. They are Integra Preserve, an upscale apartment community in Collegedale, Tenn.; and American House, a senior living community in Bonita Springs, Fla.
Wood Partners Breaks Ground on Miami Apartments
Wood Partners L.L.C. has broken ground on Alta Dadeland, a $128 million mixed-use development with 431 apartment units and 2,000 square feet of retail space next to the Dadeland Mall. The development will also be close to two Metrorail stations.
Mack-Cali, Ironstate Break Ground on Jersey City High-rise
Mack-Cali Realty Corporation and joint venture partner Ironstate Development Company broke ground in mid-January on URL Harborside 1.