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.
The Divine Lorraine Hotel Saga Continues with Redevelopment Plan
By Veronica Grecu, Associate Editor
After years of failed renovation attempts and a recent announcement that a sale is imminent, Philadelphia’s Divine Lorraine Hotel and the adjacent lot could be turned into a center for art and public education.
The redevelopment idea […]
LEED-Certified Fairlane Green Changes Hands for $47 M
By Veronica Grecu, Associate Editor
Phoenix, AZ-based Cole Real Estate Investments recently paid $47 million for a 270,000-square-foot retail power center located in a historically strong corridor in Allen Park, south of Detroit. Opened in 2005, the retail center is almost […]
Abandoned Brewster-Douglass Site Could Be Replaced by New Housing and Retail
By Veronica Grecu, Associate Editor
Detroit seems to have engaged in a race to tear down or repurpose all of its decaying buildings that point to the city’s economic distress. Motown’s rebirth is no longer just an abstract concept but a […]
Boylston Properties Breaks Ground on New Marriott Hotel; Beacon St. Guest House Sold for $3.8 M
By Veronica Grecu, Associate Editor
Local development company Boylston Properties recently broke ground on Phase I of a new Marriott Residence Inn, located at 121 Brookline Ave. near Fenway Park. According to the Boston Globe, the $60 million project will be […]
Watermark Seaport Project Adds to the Development Wave in Boston’s Innovation District
By Veronica Grecu, Associate Editor
According to an official statement issued a few days ago, a 14-story residential tower will be developed in South Boston by a joint venture between Skanska USA Commercial Development and Twining Properties.
The new residential tower will […]
Sad but True: Detroit’s Historic Packard Plant Could Be Demolished
By Veronica Grecu, Associate Editor
The Packard Automotive Plant, Detroit’s former high-end automobile manufacturing company and currently a symbol of the city’s decay, could be demolished in less than a month, if the plant’s owner and city officials come to an […]
Commercial Developments Gain Momentum in the Back Bay and South End Areas
By Veronica Grecu, Associate Editor
With construction picking up in the Back Bay neighborhood, signs of economic recovery are becoming more and more visible in this Boston area. In addition to a number of residential projects that broke ground last year, […]
Boston Redevelopment Authority OKs Two Multi-Million-Dollar Developments
By Veronica Grecu, Associate Editor
The Merano, a $165 million mixed-use project near the TD Garden, was unanimously approved last week by the Boston Redevelopment Authority. As mentioned in the official statement, the BRA first approved Epsilon Associates’ proposal in August […]
High-End Rental Building Planned for Jamaica Plain
By Veronica Grecu, Associate Editor
A 3.5-acre property in Jamaica Plain will be converted into luxury rental units, adding to Boston’s construction wave. The former site of the Home for Little Wanderers at 161 S. Huntington Avenue was purchased less than […]
Mysterious Buyer Could Save Divine Lorraine Hotel
By Veronica Grecu, Associate Editor
Almost one week after Mayor Michael Nutter assured the Greater Philadelphia Chamber of Commerce that the city will actively pursue redevelopment alternatives for the dilapidated Divine Lorraine Hotel, the property’s owners announced that a sale is […]