NEW YORK CITY — GFI Realty Services has arranged the $3.2 million sale of 701 St. Marks Avenue, a 19,500-square-foot mixed-use property in Brooklyn. The property, located in Crown Heights, consists of 23 apartments and three stores. Shlomo Antebi of GFI Realty Services represented the sellers, local investors, in the transaction. He also represented the buyer, a local investor.
ARLINGTON, VA. — KBR Building Group’s Vienna, Va., office will construct The Acadia at Metropolitan Park, a mixed-use building in the multi-phase Metropolitan Park development in Arlington. The 19-story, 677,154-square-foot Acadia will include411 residential units, three levels of underground parking with 16,350 square feet of ground-floor retail space. The Acadia will be located adjacent to The Millennium at Metropolitan Park and The Gramercy at Metropolitan, which were both constructed by KBR Building Group. McLean, Va.-based Kettler is developing the project and Dorsky Yue International is the project architect.
OMAHA — Darland Construction has started the renovation of a six-story building in Omaha. Once complete in August 2013, the newly named Victory Apartments & Offices will provide affordable housing to U.S. veterans, as well as office and classroom space. American First Real Estate Group acquired the building from Grace University earlier this year, as part of a community project to serve the needs of veterans. The first floor will house classrooms and offices for the university and a 7,000-square-foot fitness facility and community room for residents. Clinical offices for the Nebraska-Western Iowa VA Medical Center will be located on the second floor, while the upper floors will become apartments.
OVERLAND PARK, KAN. — NorthMarq Capital has arranged $8.7 million for the refinancing of 95 Metcalf Square in Overland Park. The property consists of nine mixed-use office and retail buildings totaling 152,122 square feet. John Stewart and Ian Reissner of NorthMarq Capital arranged the loan.
BULVERDE — Linsalata Realty Services has arranged the sale of Hill Country Square, a 7,346-square-foot retail/office center located at 28150 N. U.S. Highway in Bulverde, just north of San Antonio. The center is 87 percent occupied. Joe Linsalata of Linsalata Realty Services represented the seller in the transaction. The buyer, San Antonio-based T-N-T Interests LLC, was self-represented.
ORLANDO, FLA. — Demolition and construction on the redevelopment planned for the 25-year-old University Shoppes retail center, which is located across from the University of Central Florida’s main entrance in Orlando, will commence this week. Austin, Texas-based American Campus Communities Inc. plans to bring 1,313 student housing beds, 60,000 square feet of new retail space and a 10-level parking structure to Orlando’s Northeast Orange County submarket. Bobby Palta of CBRE is marketing the retail space.
ODESSA — Kenzington's Kloset and The UPS Store have plans to open new locations in Parks Legado Town Center, a 68-acre mixed-use development in Odessa. Phase I of the development is 95 percent leased to tenants including Aim Bank, Cork and Pig Tavern, The Egg and I Restaurant, Press Cafe, Joe James Salon and Day Spa, Marble Slab Creamery, Whitehouse Meat Market and Nutrition Bunker. The development will also include a 120-room Residence Inn, which will open in the spring of 2013.
HOLLYWOOD, CALIF. –Millennium Hollywood, a 4.47-acre, mixed-use development, will soon occupy premier space near the intersection of Hollywood and Vine in downtown Hollywood. The transit-oriented, pedestrian-friendly development will include 492 residential units; 200 luxury hotel rooms; 34,000 square feet of restaurant space; 35,100 square feet of sports club use; 15,000 square feet of commercial retail space; and 215,000 square feet of Class A office space that includes the existing Capitol Records Building and the Gogerty Building. The new development, which is estimated to contain 1 million square feet of new uses, will also feature an abundance of open space, as well as street-level plazas. The project is being developed by Millennium Partners and Argent Ventures.The two new buildings will be designed by Handel Architects. Roschen Van Cleve Architects will oversee the preservation efforts of the Capitol Records Building and the Gogerty Building.
JACKSONVILLE, FLA. — MAA, an apartment-only real estate investment trust, has joined Jacksonville-based Hallmark Partners and Nashville, Tenn.-based Bristol Development Group to build 220 Riverside Avenue, a mixed-use project in downtown Jacksonville. The development team is set to break ground this month on a seven-story, 294-unit multifamily property that includes 18,000 square feet of retail space. The project will also include an urban public park as Hallmark Partners is donating land for the park in a public-private partnership between the development team and the City of Jacksonville. The project and park will be located adjacent to the Northbank Riverwalk, Riverside and Downtown areas of Jacksonville.
HOLLYWOOD, CALIF. — Millennium Hollywood, a 4.47-acre, mixed-use development, will soon occupy premier space near the intersection of Hollywood and Vine in downtown Hollywood. The transit-oriented, pedestrian-friendly development will include 492 residential units; 200 luxury hotel rooms; 34,000 square feet of restaurant space; 35,100 square feet of sports club use; 15,000 square feet of commercial retail space; and 215,000 square feet of Class A office space that includes the existing Capitol Records Building and the Gogerty Building. The new development, which is estimated to contain 1 million square feet of new uses, will also feature an abundance of open space, as well as street-level plazas. The project is being developed by Millennium Partners and Argent Ventures.The two new buildings will be designed by Handel Architects. Roschen Van Cleve Architects will oversee the preservation efforts of the Capitol Records Building and the Gogerty Building.
