Southeast

CARLISLE COMPLETES TWO PHASES OF LEED SILVER AFFORDABLE HOUSING COMMUNITY

by admin June 18, 2008

DEERFIELD BEACH, FLA. — Carlisle Development Group and Broward County Housing Authority have completed construction of Phase I and II of Tallman Pines, the first ever LEED silver affordable housing development in Florida. Located at 700 NE 41st St. in Deerfield Beach, the $40 million project includes 200 completed apartment units and 42 single-family homes expected to be built this summer. The multifamily community features a 901-square-foot floor plan as well as a 1,022-square-foot floor plan, with monthly rents ranging from $402 to $1,019. Green features of the facility include water conserving plumbing fixtures, solar panel system generating power for the clubhouse and a nature park adjacent to the community. Financing for the project was provided by a variety of sources.

June 18, 2008

OXFORD UNIVERSAL DESIGN & BUILD BREAKS GROUND ON ECO-FRIENDLY OFFICE

by admin June 18, 2008

SOUTH MIAMI, FLA. — Oxford Universal Design & Build has broken ground on 5966 SOMI, an eco-friendly, Class-A office building located at 5966 South Dixie Highway in South Miami. The facility will house 40,000 square feet of office space available for sale or lease, and 10,000 square feet of retail space fronting South Dixie Highway and SW 74th Street. Green elements of the building include the use of recycled materials in the construction of the building’s roof and top two floors, landscaping with indigenous plants, and reserved spots for carpoolers who work in the building. Miami-based Holly Real Estate/TCN Worldwide is the exclusive agent for the facility, which was designed by Mateu Architecture.

June 18, 2008

Hospitality Southeast

MOLINARO KOGER ARRANGES SALE OF 117-ROOM HAMPTON INN & SUITES

by admin June 18, 2008

LAKELAND, FLA. — Andy Kern of Molinaro Koger’s Washington, D.C., office has arranged the sale of the Lakeland Hampton Inn & Suites on behalf of Platinum Ridge Florida LLC. The 117-room facility was acquired by Greenbelt, Md.-based Columbia Hospitality for an undisclosed price. Based on a long-term franchise agreement with Hilton Hotels Corp., the building will remain a Hampton Inn & Suites, and will be managed by Baywood Hotels.

June 18, 2008

Hospitality Southeast

INTERCONTINENTAL HOTEL GROUP PLANS CROWNE PLAZA ORLANDO-DOWNTOWN

by admin June 18, 2008

ORLANDO, FLA. — InterContinental Hotel Group (IHG) has announced plans to convert the Lexington Orlando CityPlace into the Orlando market’s fourth Crowne Plaza hotel. Located off Interstate 4, the 14-story Crowne Plaza Orlando-Downtown is expected to open this summer. The hotel, which houses 227 rooms, will be owned and managed by S&L Hospitality. Amenities at the facility include 6,500 square feet of meeting space for business functions and special events, Crowne Plaza Sleep Advantage, 50 king suites, and a District Five Restaurant and Lounge.

June 18, 2008

Retail Southeast

SIKON ADVANCES CONSTRUCTION ON TWO SUPERTARGET STORES

by admin June 18, 2008

DEERFIELD BEACH AND CORAL SPRINGS, FLA. — SIKON Construction Corp. is developing two new SuperTarget stores in Florida. In Deerfield Beach, a 186,212-square-foot store is located at Hillsboro Boulevard and Powerline Road; in Coral Springs, a 185,000-square-foot facility is located at U.S. 441 and Wiles Road. Both buildings were designed by Minneapolis-based RSP Architects.

June 18, 2008

Multifamily Southeast

KAPITAL DEVELOPMENT TO CONSTRUCT UPSCALE CITYCLUB RESIDENCES

by admin June 17, 2008

BOCA RATON, FLA. — Kapital Development dba CityClub Residences has announced plans to build a prototype of a new high-end senior living development located at 855 South Federal Highway, across from the Boca Raton Resort & Club, in Boca Raton. Residents at the 10-story, Mizner-inspired landmark building will have a 24/7 voice-to-voice emergency call system, 24/7 access to the Mayo Clinic for medical advice via a toll-free number and available examining rooms for visiting physicians. Floor plans for the 168 residences range from approximately 1,000 to 4,800 square feet of space, with prices from approximately $500,000 to $3.5 million penthouses. Amenities at the CityClub Residences include a day spa and salon, classrooms, restaurants, a theater, valet parking, Mercedes-Benz scheduled transportation, overnight guest suites and a cocktail lounge.

June 17, 2008

Hospitality Southeast

AMERICAN HOTEL DEVELOPMENT PARTNERS TO BUILD STAYBRIDGE SUITES AT AIRPORT

by admin June 17, 2008

CLEARWATER, FLA. — Sarasota, Fla.-based American Hotel Development Partners has been selected to build a $13.2 million, 106-room Staybridge Suites hotel at the St. Petersburg-Clearwater International Airport. Construction, which is expected to begin in August, is slated for completion in late 2009. The St. Petersburg-Clearwater International Airport is undergoing a $10 million renovation project, and has been awarded a $1.5 million grant from the Federal Aviation Administration for safety, security and the airport’s terminal renovation projects.

June 17, 2008

Multifamily Southeast

COLLIERS PINKARD ARRANGES $23 MILLION SALE OF HERITAGE VILLAGE APARTMENTS

by admin June 17, 2008

WAKE FOREST, N.C. — Colliers Pinkard has arranged the sale of Heritage Village Apartments, a 228-unit multifamily community located within the 2,000-acre Heritage Wake Forest mixed-use development in Wake Forest. The newly constructed community was acquired by Weinstein Properties for $23 million, or approximately $109,000 per unit. The owner, Oakland Heritage Multifamily LLC, was represented by David Finger, Stephen Weiss, Philip Iglehart and Jay Wellschlager of Colliers Pinkard.

June 17, 2008

Hospitality Southeast

LANDMARK HOTEL GROUP ACQUIRES HILTON GARDEN INN

by admin June 17, 2008

SUFFOLK, VA. — Virginia Beach, Va.-based Landmark Hotel Group has acquired the 3-year-old Hilton Garden Inn Suffolk from Noble Investment Group. Landmark will continue to operate the hotel as a Hilton Garden Inn, and will also manage the Suffolk Conference Center, which is attached to the facility. The company plans to make significant upgrades to the property. The price of acquisition was not disclosed.

June 17, 2008

Office Southeast

CORPORATE OFFICE PROPERTIES LEASES 131,451-SQUARE-FOOT OFFICE COMPLEX

by admin June 17, 2008

COLUMBIA, MD. — Corporate Office Properties Trust has entered into a long-term lease agreement with Integral Systems Inc. for a 131,451-square-foot Class A office building within the Columbia Gateway Business Park in Columbia. The five-story facility, which is located at 6721 Columbia Gateway Dr., is slated for completion in early 2009. Integral Systems will use the facility as its new headquarters. The price of leasing was not disclosed.

June 17, 2008

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