Northeast
Suburban Boston Apartment Project to Take Its Cue from Rehabilitated 19th Century Building
Melrose, Mass.–In a $52.5 million endeavor, Wood Partners plans to mix some of the old with a bit of the new to create Alta Stone Place, a multi-structure apartment community in Melrose, Mass.
N.J. Multifamily Project Repositioned from For-Sale to Rental
Elizabeth, N.J.–Waters Edge Crescent of Elizabethport has made the transition from an uncompleted for-sale townhouse project to finished affordable rental apartments.
AFL-CIO Housing Investment Trust Invests $58M to Build Boston Apartments
Boston–The AFL-CIO Housing Investment Trust has committed $58.2 million of union pension capital for the construction of the new Charlesview Apartments in Boston.
Upscale Brooklyn Apartments Come to Market
New York–163 Washington Avenue, a 16-story glass tower in the Brooklyn neighborhood of Clinton Hill, has changed hands and is ready for occupants.
Nancy Packes and Cooper Square Collaborate on New Developments
New York–Nancy Packes and Cooper Square Realty have formed an exclusive joint venture to bring their respective areas of expertise to new development projects.
Harlem Low-Income Property Rehabilitation Complete
New York–In the last five years, Tahl Propp Equities’ Gateway I in Harlem has made a remarkable turnaround, with recent rehabilitation achieving a 91 REAC score.
Markham Gardens Becomes Staten Island’s First LEED Silver Community
Staten Island, N.Y.–Markham Gardens, a 289-residence, mixed-income community, becomes Staten Island’s first LEED-certified housing development.
Affordable Seniors Housing Meets Green Certification in the Bronx
Bronx, N.Y.–Serviam Gardens II, a 158-unit affordable seniors housing community, is the first in the Bronx to reach completion with Enterprise Green Communities Certification.
Condo in Morristown Named Community of the Year by NJBA
Morristown, N.J.–The luxury condominium community 40 Park has won Community of the Year from the New Jersey Builder’s Association.
Federated Cos. Acquires Another New England Multifamily Project
Wakefield, Mass.–Federated Cos. has bought Legacy Park Wakefield, a multifamily project that will consist of two four-story garden buildings and a single three-story townhouse.