Adrian Maties
Akron’s Newest Luxury Student Housing Community to Open in August
In May, 2013, the Cleveland-based NRP Group, one of the largest multifamily developers in the nation, started work on a 624-bed, four-story luxury student housing community in Akron. Called the Depot, the project is now nearing completion. It is scheduled to open for residents this August.
Greysteel Tapped to Sell Woodbridge’s Meridian Bay Apartments
The Meridian Bay Apartments, a 23-building garden-style community located in the Northern Virginia suburb of Woodbridge, is looking for new owners. Coastal Properties of Virginia, the current owner, has selected the Greysteel Company’s Mid-Atlantic multifamily investment sales team to sell the property. At the moment, no sale price was announced.
Greater Baltimore Multi-Housing Developments Receive Funding
Two Greater Baltimore residential projects have secured financing last week, and are both now one step closer to completion. Located in downtown Baltimore and in Odenton, the two projects total more than 420 units.
Insight Property Group to Start Work This Fall on $185M Urban Mixed-use Project
Insight Property Group announced last week the acquisition of the H Street Self-Storage Property at 624 H Street NE, in Washington, D.C. The Arlington, Virginia-based multifamily developer plans to turn the site into the home of its new urban, mixed-use luxury project, called The Apollo on H Street. Groundbreaking is scheduled for this fall.
Mayor Jones Announces $10M Grant for Final Phase of Main Street Station Renovation
The city of Richmond has been working for more than 20 years to rehabilitate the Main Street Station, one of downtown’s most visible landmarks, and turn it into a multimodal transportation center that will serve Amtrak, buses, shuttles, taxis and alternative modes of travel. Now, the renovation project is nearing completion.
Virginia Beach Joint-Use Library Wins LEED Gold Certification
Ground was broken on Virginia Beach’s unique Joint-Use Library in June, 2011. The Tidewater Community College teamed up with the city of Virginia Beach on the $43 million project. After two years of construction, the library opened on August 17, 2013. Recently, it has received LEED Gold Certification from the U.S. Green Building Council.
PBY Partners Buys Central Parke in Norwood for $34M; Port Authority Taps CBRE to Market TechSolve II Expansion
In one of Greater Cincinnati’s largest commercial real estate deals of the year, 4600 Smith Road Holdings LLC sold its Central Parke Business Park Portfolio to a group of local investors, called PBY Partners. The price of the transaction was $34 million.
Community Three Development to Open New Condo Building Shaw Neighborhood This May
Last Week, on April 11, Community Three Development, a local real estate company, has topped out its latest project. It’s called the Centrie and it’s the first new new condo development of its size in D.C.’s Shaw neighborhood in over a decade.
Developers Plan 700 New Apartments in Baltimore’s Inner Harbor
More apartments are coming to Baltimore. The two newest projects were announced at the start of April. Together, they will bring about 700 units to the city’s Inner Harbor area.
Developers Plan $130M, 28-Story Apartment Tower in University Circle
Cleveland is getting ready to say hello to a new residential tower, the first to be developed in the city in more than 40 years. The new high-rise will cost $130 million and will be located in the city’s University Circle neighborhood.