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The Ronkonkoma Hub could create a reverse commute from New York City image: tritec They’ve been called the selfie generation, entitled and lazy. But Millennials are now the largest generation and, after a decade of moving away from New York’s metro Long Island region , they are beginning to stick around. The number of people aged 20 to 34 living on Long Island rose 7 .6 percent from 2010 to 2015 according to a report released by Long Island Association in June. Despite the stereotypes, experts see the increase as reason for optimism. “It’s vitally important, particularly for businesses that make their home here,” said Robert Loscalzo, the chief operating officer of Tritec Real Estate Company, which specializes in the type of mixed-use housing this generation favors. “You need a vibrant workforce and from the standpoint of job creation it’s vital that companies have a source of labor.” But a home doesn’t necessarily mean a house, especially for Millennials. Nationwide, 34.1 percent of...

Roosevelt Square developers hope to build two apartment buildings that would have 120 for-rent units. By Susan S. Stevens Roosevelt Square ’s developer, Related Midwest , hopes to build two apartment buildings providing 120 for-rent units. In its plans, the company increased the proportion of market rate apartments to 80%, with the remainder affordable or low- income housing . The previous proportion was 75% to 25%. Related Midwest also changed the exterior designs. Opposition to the apartment buildings has stalled construction since mid-2010. The company announced the 80/20 mix a meeting in April. Another community meeting , open to the public, will be held at 6:30 p.m. on Tuesday, Aug. 7, at the National Italian American Sports Hall of Fame, 1431 W. Taylor St. “Our meeting will be similar in scope to the meeting two years ago at the Sports Hall of Fame that many of you attended, but there will be much more detail about what Roosevelt Square is and how it fits into a larger com...

By Steve Gravelle, correspondent Aug 27, 2017 at 6:46 am | Print View It’s changed the face of central Cedar Rapids , driving post-flood development in the New Bohemia and Kingston neighborhoods with new and reclaimed properties. In Iowa City, its backers see it as a way to downtown vitality. “From a community’s point of view, you get a more broad-based neighborhood,” said B.J. Hobart, managing member and co-owner of Hobart Historic Restoration of Cedar Rapids. The suburban single- family home isn ’t going away, but so-called mixed-use projects incorporating residential and retail, commercial and sometimes even light-industrial spaces in the same or adjoining buildings offer different options to residential and business tenants. In some places — think dense urban neighborhoods and small- town main streets with apartments above ground-floor retail shops — mixed-use patterns never went away. Mixed-use is especially appropriate in Iowa City’s central neighborhood...

The 180,000-square- foot Stone River Retirement Resort will offer 128 independent - living apartments for adults 55 and older at Tara when it opens in early winter. Resort Lifestyle Communities , based in Lincoln, Neb., submitted plans for the $ 30 million luxury development to Manatee County government in early 2015. The project was fast-tracked because of the size of the investment and the number of jobs that would be created. The company is planning a job fair about 60 days prior to opening and would hire 35 to 45 full- and part-time employees, Kelly Jo Hinrichs , marketing and pre- open sales director , said this week. “We are working with the fire marshal and permitting. We are hoping for an early winter opening ,” Hinrichs said. Monthly rentals in the three-story building will range from about $3,000 for a studio apartment, $3,000-$3,900 for a one-bedroom apartment, $4,000-$5,000 for a two-bedroom apartment, and $4,700-$5,000 for a three-bedroom apartment. Included are 24- h...

Dallas—A Performance Properties LLC -headed partnership has purchased the 370- unit Linda Vista Apartments in North Dallas. With this acquisition and the previously purchased Vista Buena Apartments , the partnership has added nearly 800 units on 27 acres along the Cottonwood Trail, a hiking and biking amenity, since late last year. Both communities are situated in a neighborhood renowned for its easy freeway access in all directions. The properties are located in the northwest quadrant of the $261 million High Five Interchange, Dallas- based Performance Properties reported . Across its 18 buildings, 35-year-old Linda Vista Apartments features a mix of efficiencies and one- and two- bedroom units averaging 667 square feet in size. Performance Properties is in the process of completing a $1 million renovation at Vista Buena, and will soon launch a $700,000 renovation of Linda Vista. Included will be building exterior, common area and unit interior improvements . In addition to its l...

Micro apartments are becoming a city-wide trend in Washington, D.C.. Though definitions vary, a micro-unit is any apartment that is less than 500 square feet (some of them are as small as 250 square feet). They are generally one master bedroom with an attached kitchen and bathroom. The term “micro-unit” is the new real estate buzz word for what has long been called a "studio” or “efficiency”. With the increasing cost of housing in Washington, D.C. and the growing population of millennials, demand is increasing for smaller and more affordable housing . Young professionals want to live an urban lifestyle where they are close to work and places to socialize such as restaurants, bars, grocery stores, shops, parks and music venues. As real estate development has started to pick up across the region, many developers are designing buildings to accommodate these needs with amenities that make living in a smaller space easier , such as a skinnier dishwasher, a combined washer-dryer an...