Multifamily

UHC to Develop Apartment Complex Near University of Oklahoma

by Haisten Willis May 22, 2015

NORMAN, OKLA. — University House Communities (UHC), formerly known as Inland American Communities Group, will develop a new University House community on the site of the current Bishop’s Landing apartments near the University of Oklahoma. Construction will begin on the apartment community this fall, with a scheduled opening of August 2017. Leasing will begin by August 2016. The five-story, 388-unit development will feature 917 beds with studio, one-, two-, three- and four-bedroom floor plans, all fully furnished. The community will also include amenities such as three outdoor courtyard areas, a clubroom, lounge, pool, 24-hour fitness center, parking and on-site management. Residents of University House will also have easy access to campus via the Norman CART bus system, with a transit hub directly across the street from the property. The project team consists of Humphrey’s & Partners Architects as the architect and Huitt-Zollars as the civil engineer. University House will be located near Brooks and Classen at 333 E. Brooks St. in Norman.

May 22, 2015

Multifamily Texas

Presidium Group, St. Croix Capital Acquire Hunterwood Apartments in Austin

by Haisten Willis May 22, 2015

AUSTIN, TEXAS — Presidium Group LLC, in partnership with St. Croix Capital Advisory Services Group, has acquired Hunterwood Apartments, a 160-unit apartment complex in Austin. The property was built in 1983. Presidium plans to implement value-add upgrades that will consist of aesthetic and finish improvements. Interior renovations will include the addition of granite countertops, tile backsplashes, faux wood flooring, new door and cabinet hardware, new plumbing and electrical fixtures, new appliances and a new paint scheme. Exterior upgrades will include modernizing the leasing center, the addition of a fitness center, pool area upgrades, landscaping additions and a new exterior paint scheme. Hunterwood is located in south Austin within a mile of South First Street and South Congress Avenue, two of the major access ways into downtown Austin. The property is a 15-minute drive from downtown Austin, Bergstrom Airport, the Sunset Valley shopping area, Barton Creek Square Mall and Circuit of the Americas. Hunterwood’s current amenities include a swimming pool, laundry facilities and a leasing center.

May 22, 2015

Multifamily Texas

IPA Sells 279-Unit Apartment Complex in Austin

by Haisten Willis May 22, 2015

AUSTIN, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Kenzie at The Domain, a 279-unit, six-story multifamily complex in Austin. Will Balthrope and Drew Kile of IPA advised the seller, StreetLights Residential, and procured the buyer, an institutional investor. The Kenzie is located at 3201 Esperanza Crossing in The Domain, a master-planned development. The Domain includes 1 million square feet of retail, dining and entertainment options and 2.5 million square feet of office space. The Kenzie’s community amenities include a large fitness center, 17,000-square-foot resident entertainment area and a pool and fireside social area. Apartments include 10- or 13-foot ceilings, granite countertops, stainless steel sinks, Energy Star appliances and urban mud rooms.

May 22, 2015

Colorado Multifamily Western

Plaza on Broadway Apartments in Boulder Sells for $24M

by Nellie Day May 22, 2015

BOULDER, COLO. – The 39-unit Plaza on Broadway apartments in Boulder has sold to an unnamed buyer for $24 million. The community is located at 955 Broadway Street. It was built in 2013. Plaza on Broadway is situated directly across from the University of Colorado-Boulder. The property sits on a 60-year ground lease. The sale was executed by Jacob and Nick Steele of Marcus & Millichap’s Denver office.

May 22, 2015

The-Residences-at-CityPlace-Overland-Park-KS

Kansas Midwest Multifamily

BRES, The Carlyle Group to Develop Multifamily Community in Overland Park

by Amy Works May 22, 2015

OVERLAND PARK, KAN. — Block Real Estate Services (BRES) and The Carlyle Group are developing The Residences at CityPlace, a 344-unit planned multifamily community within Overland Park’s CityPlace development. The Residences at CityPlace will consist of micro, one- and two-bedroom units, ranging from 468 and 2,023 square feet, featuring gourmet island kitchens, quartz countertops, walk-in closets with custom shelving, large outdoor terraces, full-sized washers/dryers and attached garages. Community amenities will include a resort-style pool and hot tub, fire pit, covered grilled and TV area, fitness center, coffee bar, library, game room, social media/theater room, secure covered parking, dog park, bike stations, WiFi, and access to the 17-mile Indian Creek Trail system.

May 22, 2015

Loans Michigan Midwest Multifamily

Bernard Financial Group Arranges $1.1M Loan for Multifamily Property in Michigan

by Amy Works May 22, 2015

DAVISON, MICH. — Bernard Financial Group has arranged a $1.1 million loan for Rising Estates, a multifamily property in Davison. The borrower is Rising Estate LLC. Dave Dismondy of Bernard Financial originated the loan, which was provided by Assurity Life Insurance Co.

May 22, 2015

Multifamily South Carolina Southeast

Proffitt Dixon Partners to Break Ground on Apartment Community in Greenville

by John Nelson May 22, 2015

GREENVILLE, S.C. — Proffitt Dixon Partners plans to break ground this month on Fountains Greenville, a 201-unit luxury apartment community in Greenville. The new five-story community will be located on a 2.5-acre site at 210 E. Broad St., within walking distance of Greenville’s central business district and the Swamp Rabbit Trail. Upon completion in the fall of 2016, the property will feature a clubhouse, courtyards, pool and a fitness center. The design team includes architect The Housing Studio and general contractor Creative Builders Group. Fountains Greenville is Proffitt Dixon’s first development in South Carolina.

May 22, 2015

Multifamily New York Northeast

Joint Venture to Convert Elementary School to Multifamily Property in Averill Park

by Amy Works May 22, 2015

AVERILL PARK, N.Y. — A joint venture between Sunrise Management & Consulting, Robert Bucher Architects and JPM Contractors is converting Sand Lake Elementary School into a Homeroom Lofts, a 31-unit apartment community in Averill Park. Built in 1929, the converted property will combine original detail and modern amenities, including sliding glass wall systems to maximize space and natural light, stainless steel appliances, stone countertops, sophisticated glass and ceramic tile bathrooms and solar shade window treatments. Community amenities will include a garden, courtyard terrace and 1.75 acres of green space. Homeroom Lofts is the first development project for the joint venture.

May 22, 2015

Healthcare Indiana Midwest Multifamily Seniors Housing

Mainstreet, Symphony Post Acute Network Break Ground for Chesterton Medical Resort

by Amy Works May 21, 2015

CHESTERTON, IND. — Mainstreet and Symphony Post Acute Network have broken ground on Symphony of Chesterton, a post-acute care facility located at 2775 Village Point in Chesterton. The 76,701-square-foot property will feature 106 bed and provide short-stay rehabilitation and therapy services, as well as senior living options. Mainstreet is developing the project, which will be operated by Symphony Post Acute Network. The $18.8 million project is expected to bring approximately 360 construction jobs and 150 permanent jobs to the area. The construction is expected to be complete by December.

May 21, 2015

Indiana Midwest Multifamily Seniors Housing

McShane to Construct Memory Care Residence in Indiana

by Amy Works May 21, 2015

MERRILLVILLE, IND. — McShane Construction Company has been selected to build Merrillville Memory Care, a 50-bed memory care community in Merrillville, a small town in the northwest corner of Indiana. Developers Whiteco Industries and Dete Development selected McShane for the 33,760-square-foot facility, which is planned for a 9.3-acre site at 7900 Rhode Island St. McShane will complete all site work, including landscaping and an on-site paved parking lot for 37 vehicles. Architectural Design Consultants will provide the architectural services.

May 21, 2015

Newer Posts

Older Posts