Veronica Grecu
Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica’s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.
BRA OK’s New Multifamily Projects from Corcoran Jennison, Trinity Financial
The Boston Redevelopment Authority (BRA) approved this week several real estate projects that, combined, will bring around 1,200 housing units across Boston.
Historic Germantown Church to Become Waldorf School’s New Home in Philadelphia
St. Peter’s Episcopal Church is one of Philadelphia’s architectural jewels, but for the past eight years it has been lying vacant and blighted, with very little hope of resurrection.
$5 Million Makeover Project for Riverfront Towers
Almost two years passed since the owners of a large residential community in Detroit were sued by the Federal National Mortgage Association (Fannie Mae) for an alleged $70 million loan debt. Back then, in October 2011, Ronald Glass of GlassRatner Management and Realty Advisors LLC was appointed as receiver to find a buyer for the Riverfront Towers, a multifamily complex located at 100 Riverfront Avenue in downtown Detroit.
Rehabilitation Completed at Bed-Stuy Low-Income Building
Renovated project by renovated project, Mayor Michael R. Bloomberg’s New Housing Marketplace Plan (NHMP)—a 10-year long, multi-billion dollar initiative that aims to create and preserve 165,000 affordable housing units in the five boroughs by the close of fiscal year 2014—is heading for fruition.
Eakins Oval Reinterpreted as Urban Beach Area for the Summer
Eakins Oval, one of Philadelphia’s hot spots during summers thanks to its prime location right in front of the Philadelphia Museum of Art, will be transformed this summer into the city’s new center of fun. An initiative of Philadelphia Department of Parks and Recreation in partnership with the Fairmount Park Conservancy, the $180,000 project is supported by the William Penn Foundation and the City of Philadelphia.
University of Michigan-Dearborn to Open New Student Housing
Beginning this fall, the students enrolled at the University of Michigan-Dearborn will have access to a new housing complex located directly across Evergreen Road from the university campus.
Forest City Ratner Tapped for Master Development of Cornell Tech Campus
Cornell University’s Board of Trustees is moving forward with plans to develop Cornell Tech, an innovation campus where tech industry professionals and businesses will work with university students under the same roof at the Roosevelt Island Campus of graduate high-tech education to create real-world applications and entrepreneurship.
$45M Renovation Transforms Historic Seaport Warehouse into Residence Inn by Marriott Hotel
After months of renovations and upgrades under designs by architecture firm Group One Partners, a six-story underutilized historic building located in downtown Boston’s Seaport District re-opened last week as the most recent Residence Inn by Marriott facility.
200 Philadelphia Vacant Homes to Be Auctioned Off
Philadelphia will soon unload around 200 of its abandoned homes and properties around the city at a public auction that will be conducted by Max Spann, one of the largest real estate auction companies in the country. The announcement was made by Philadelphia Housing Authority (PHA) President and CEO Kelvin Jeremiah during an official event held last week in front of one of the houses offered for sale on N. Marston Street.
Preliminary Plans for $650M Sports and Entertainment District Unveiled
Last week the Detroit Downtown Development Authority (DDA), Olympia Development of Michigan (ODM) and Wayne County have reached a multilateral agreement on a $650 million private and public financing framework that would bring a new sports and entertainment district in downtown Detroit.