Midwest
Oklahoma City Apartment Property Seeks Buyer
Recently ARA was tasked to take the 708-unit Lincoln at Central Park apartment property in Oklahoma City to the investment market to look for a buyer, and has ‘found interest from most every investor type.’
Residential Project at Chicago’s $4B Lakeshore East Development Creates 250 Jobs
Lakeshore East, Magellan Development Group’s $4 billion mixed-use project presently sprouting up in Chicago, is playing a key role in the revival of the city’s jobs market.
New Luxury Minneapolis Apartment Lures Young Professionals
The Nicollet Building, a 33-story high-rise in Minneapolis, will offer amenities aimed at pleasing young professionals.
MARKET SNAPSHOT: Vacancy in St. Louis Declines for Sixth Consecutive Quarter
St. Louis–Vacancy in St. Louis is expected to decrease 110 bps, to 6.5 percent, this year, according to Marcus & Millichap’s third quarter report on the market.
Chicago’s Lake Shore Drive to Sprout 500-Unit Luxury Apartment Tower
A new residential high-rise will soon grace the skyline of Chicago, now that Related Midwest has kicked off construction of a 45-story luxury apartment building on a one-acre, block-long site at 500 Lake Shore Drive.
University Residence Hall and Dining Facility Opens in St. Louis
St. Louis–A very tight time frame and the presence of in-ground obstructions were among the challenges surmounted in completing a new $15 million freshman residence hall and dining facility at Harris-Stowe State University in St. Louis.
Chicago’s One East Delaware Captures LEED EB Silver
Chicago–The first Chicago apartment property to earn multifamily LEED EB Silver certification from the U.S. Green Building Council is One East Delaware. The 22-year-old, 36-story, 306-unit upscale tower on the Windy City’s pricey Gold Coast is the nation’s third largest apartment community to gain the certification.
Buckingham Cos. Commences Rebranded CityWay Project in Indianapolis
Indianapolis–Buckingham Cos. has just broken ground on its new upscale mixed-use development in downtown Indianapolis. Designed as a transformative development, the $155 million project will mark another big step in bringing together two areas of the city.
KTGY Designs Campus Housing for Wide Open Spaces
Laramie, Wyo.–The Cowboys and Cowgirls of the University of Wyoming (UW) in Laramie will have fresh student residence options come summer of 2012.
Joint Venture Acquires Unfinished Chicago Structure, Plans Apartments
Chicago–Related Cos. and Clark Wacker L.L.C. have formed a joint venture to acquire 111 West Wacker Dr. in downtown Chicago, with about 500 upscale apartments planned for the building.