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.
Realen Properties to Continue with Phase II of Edgewater Apartments
Construction is heating up in Center City Philadelphia as real estate developer Realen Properties of Berwyn, PA, and its finance partner Northwest Mutual Life are planning to break ground on Phase II of Edgewater Apartments, an upscale multifamily complex that was partially completed in 2006 before the economic downturn.
New Student Residence, Fellowships Funded by Historic $110 Million Gift from U-M Alumnus
The University of Michigan (U-M) has received a $110 million donation from Charles T. Munger, vice chairman of Berkshire Hathaway Inc. and investor. This is the largest gift awarded to the university in its almost 200-year history and, as the school revealed in a statement last week, it will be mostly used to build a graduate students residence at its Ann Arbor Central Campus, on a site currently housing a parking garage between South Division and Thompson streets. A considerably smaller part of $10 million will go to fellowships that will be offered to students enrolled at U-M’s 19 schools and colleges.
Nauset Completes Rental Building in Cambridge; Developer Eyes Seaport District for Large Multifamily Project
Nauset Construction, a real estate development company based in Needham, recently finished converting the former Holmes Building in Central Square in downtown Cambridge into 21 rental units. The $3.5 million redevelopment project was designed by The Architectural Team (TAT) for owner Central Square, LLC, and called for interior and exterior renovations of the former C-shaped, seven-story office building located on Massachusetts Avenue.
Morris Court to Bring 201 Affordable Units to the South Bronx
A full city block bound by 142nd Street, 143rd Street and Morris Avenue in the South Bronx is being transformed into a mixed-income residential complex as a joint venture of lead developers Azimuth Development Group, Best Development Group and the Upper Manhattan Development Corp, and general contractor Joy Construction Corp.
Ardmore Township OKs Dranoff Properties’ $56 Million Luxury Project
The first phase of a complex revitalization effort in Ardmore is now closer to fruition as the developer, Dranoff Properties, unveiled the project’s official name: One Ardmore Place.
Multifamily, Retail Projects Picking Up in Ann Arbor
First Martin Corporation, a real estate company that specializes in office, research, flex and retail space in Ann Arbor, is in the very preliminary stages of a redeveloping a long vacant property on the city’s north side into a 251-unit residential complex, AnnArbor.com reports. The company has owned the property at 2225 Traverwood Drive and an adjacent office building since the 1990s.
BRA Approves $150M Housing and Retail Development in Allston
The Boston Redevelopment Authority (BRA) board voted unanimously in favor of a $150 million mixed-use project that will redevelop a 2.67-acre parcel of land owned by Harvard University at the intersection of North Harvard Street and Western Avenue in the North Allston neighborhood.
New Rental Buildings Headed For Williamsburg, Murray Hill
The Rabsky Group, a Brooklyn-based developer, is working on a mixed-use building located in Williamsburg at 146 South 4th Street, Buzz Buzz Home reports. Designed by Nataliya Donskoy of ND Architecture LLC, also of Brooklyn, the new brick, glass and steel building is set for completion in the 4th Quarter of 2013.
Fishtown Neighbors Association Approves Wynn Resorts’ $925M Casino Proposal
The Fishtown Neighbors Association on April 8 voted in favor of a casino / resort development project that was pitched by representatives of Wynn Resorts Ltd., one of the six casino operators and developers who applied for a gaming license in Philadelphia.
Work on $30M Class A Office Building in Midtown to Begin in August
In an effort to add more high-end office space in Detroit’s brisk Financial District, locally-based Queen Lillian Development LLC will kick-start in August a new Class A commercial facility that’s being marketed as the Midtown Professional Building.