National
Bedrock, Riverfront Holdings Grab More Real Estate in Downtown Detroit
Riverfront Holdings Inc., a subsidiary of General Motors, grabbed four properties near the Detroit riverfront area and east of the Renaissance Center, while Dan Gilbert added two buildings and a vacant parking lot to his 8.2-square-foot real estate empire.
Taylor Morrison to Build New 400-Home Community in Cypress
Houston seems to be the place for homebuilders to be, with Scottsdale, Ariz.-based Taylor Morrison expanding its residential footprint in Cypress. The developer has announced plans to build three new home collections at Alder Trails, a 155-acre community located just off Barker Cypress and south of Highway 290.
StreetLights Residential Breaks Ground on Uptown Dallas Infill; TDI, Matthews Southwest Bring Luxury Residences to South Lamar
StreetLights Residential (SLR) has commenced construction on a new high-rise development that will add 212 luxury apartment homes to Uptown Dallas.
Bozzuto Homes to Build New Condos Near U Street Corridor
Bozzuto Homes, a division of The Bozzuto Group, is getting ready to start work on its second Washington, D.C. condo development in 2014. Earlier this year, the company broke ground on 460 New York Avenue, a 63-residence high-rise condominium community in the Mount Vernon Triangle neighborhood. This summer, it will start construction on 96 condominiums at V Street NW and 15th Street NW.
Cleveland City Council Approves $700M Lakefront Development
Cleveland’s lakefront is getting a makeover. The city has recently approved plans to develop over 20 acres of lakefront property close to Cleveland’s central business district.The project is expected to cost $700 million.
Crescent Communities’ 300-Unit Apartment Property in Durham Opens This Month; Franklin Hotel to Carry Hilton’s Curio Boutique Hotel Brand
The Crescent Ninth Street multi-family community in north Durham is scheduled to open this month, the Herald Sun reports.
FirstService Residential to Provide HOA Management for Hill Farm
The Hill Farm community in northeast Tucson has recently selected FirstService Residential to provide HOA management services for the Hill Farm Homeowners Association.
Heritage Hotels and Resorts Acquires Eldorado Hotel & Spa
Eldorado Hotel & Spa, Santa Fe’s 219-room hotel, has been acquired by Heritage Hotels and Resorts in partnership with several co-investors, including insurance executive Randy Talbot. The transaction has been financed by Washington Federal and First National Bank of Santa Fe and Stu Sherman brokered the transaction.
Downtown Summerlin Nears Completion and First Test
There is always a large amount of chatter regarding big developments, new master-planned communities and ambitious redevelopment projects. But it’s the downtown component that is always polarizing. With Summerlin’s downtown area edging closer to reality, specifically the project formerly known as Summerlin Centre, Howard Hughes Corp’s concept for a new style of large scale development in the area is set to get its trial by combat as homebuyers and businesses will mark the latest phase in the master plan as either a success, or another Vegas bust.
Cypress Set to Break Ground in September on Gensler-Designed Market Street Place
Redevelopment is sometimes the best chance a forgotten city block has at resurgence. That’s exactly what Cypress Equities has planned for its Mid-Market San Francisco project, located on Market Street between 5th and 6th. Cypress recently announced that it has decided that it will hold an official ground breaking for the $150-million development project this September.