News
Diversified JV Buys 15-Acre M-F Development Parcel in Union, NJ
Diversified Realty Advisors in a joint venture with the Fidelco Realty Group has bought a 15-acre residential development parcel at 400 Clermont Terrace in Union Township, N.J.
Development News: Metro-Area Residential Development Projects Budding as Spring Hits Seattle
The Seattle development scene blew up recently with no less than three major moves announced across the city. One of the fastest growing tech markets of the past few years, Seattle is driven by serious activity in the downtown area, and its over-performing South Lake Union neighborhood. Continental Properties, Murray Franklyn and The Onni Group this week either acquired important development sites or announced large projects in the city’s metropolitan area.
Value Place Reopens Cleveland-Area Hotels Following $500,000 in Renovations
Value Place, an extend stay hotel chain in the United States, has recently completed the renovation of two of its hotels in the Cleveland area. The two properties are located in Akron and Mentor, and are now ready to receive guests. The hotel brand has spent $500,000 for each of the two renovation projects.
Kamehameha Schools to Start Construction on Mixed-Use SALT Project in Kakaako
Kamehameha Schools has announced it would begin construction on the SALT at Our Kakaako retail and restaurant project in downtown Honolulu later this month.
Development Underway for 128-Key Hotel at Springwoods Village
Woodbine Development Corporation and InterMountain Management (IMM) have commenced development of Residence Inn by Marriott, a 128-key extended-stay hotel in North Houston.
Mall of America Breaks Ground on $325M Expansion Project
The nation’s largest retail and entertainment destination, Mall of America, recently broke ground on a $325 million expansion project. Minneapolis-based Mortenson, a construction and development services company, Hotel Development LLC, an enterprise of the Shakopee Mdewakanton Sioux Community and the City of Bloomington and Mall of America celebrated the event.
Miller-Valentine to Open Affordable Housing Community in Fort Worth
Miller-Valentine Group announced development of a new multi-family community in northern Fort Worth.
Dubbed Silversage Point at Western Center Apartments, the 120-unit complex is located at 1800 Western Center Boulevard
Massive All-Season Water Park to Make a Splash in Toronto
Development group marbleLIVE is building a 100,000-square-foot, year-round indoor/outdoor water park and event complex in the Greater Toronto Area.
JCR Buys Two Properties in DC Area
Last week, The JCR Companies has acquired two properties in the Washington, DC area, adding them to its growing portfolio of urban infill buildings and expanding its reach into the office sector. The two properties are located in Alexandria and in DC’s sought-after Logan Circle neighborhood.
Simon Baron Grabs M-F Property on NYC’s Upper East Side from Nostra for $105M
Simon Baron Development Group has purchased the 13-story, 65-unit apartment building at 12 E. 88th St. in Manhattan from Nostra Realty for $105 million.