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At the Everly, Students Are Now Moving into $1,475/Month Studios

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click to enlarge PHOTO BY CAITLIN LEE The Everly's amenities include a fourth-floor pool and a Jumbotron. Tuesday was move-in day at Everly on the Loop — the pricey new high-rise on Delmar targeting students at Washington University and other nearby colleges . Complementary sushi from United Provisions and Insomnia cookies were just the start of amenities that greeted new residents. Around 250 people were moving into their furnished apartments. Seventy-five more will join them next Monday, just a week before for classes start at Wash U. That’s enough to fill about three-fourths of the building’s 428 bedrooms, says Brant Pustay, a leasing and marketing specialist with Landmark Properties, which is managing the project on behalf of the Koman Group. Management teams have hosted a variety of promotions over the recent months. Some marketed free food celebrating graduates at Chris Sommers’ nearby restaurants Pi and Zza, while others offered new le...

VanDerGinst Law building to be converted to apartments | Local

ROCK ISLAND — The historic VanDerGinst Law building , once home to a Montgomery Ward retail store , soon will be turned into 33 apartments and an 11- room boutique hotel with first- floor commercial space . The six-story building, located at 1701-1705 2nd Ave., was built in 1908 and has an iconic mural of Chief Black Hawk on its exterior. City council members on Monday approved a development agreement with Saratoga Capital LLC that includes up to $2,485,000 in incentives. The incentive package includes tax -increment-finance funds and property tax rebates not to exceed $1 million or 20 years, whichever comes first. The city also will contribute up to $100,000 for restoration of the Black Hawk mural , up to $75,000 toward sidewalk and safety improvements and up to $100,000 toward renovation of the commercial portion of the property. Ald. Stephen Tollenaer, 4th Ward, opposed the deal, calling the incentive package a "bailout.” "I don't think it's a prudent t...

Chesterfield Mobile Home Park developer: 'Am I going to do it, is someone else going to do it?' | Business

The developer planning a 298-apartment building on the site of the Chesterfield Mobile Home Park said he wants to minimize disruption to families there, but residents are already organizing opposition to the plan. Mike Lang, who leads Amerwest Development LLC of West Palm Beach , Fla., said he would be “as equitable as possible” should his deal to buy the site from a company controlled by the Behymer family go through. That means a relocation package — though Lang didn’t want to offer details yet — and making sure residents of the roughly 140- lot park wouldn ’t have to move in the middle of the school year. The soonest they would have to move is the summer of 2018, Lang said. Their lot leases are month-to-month. “I’m sensitive to the fact that they’re there,” Lang said in an interview. “I’m not interested in creating huge upheaval .” With the likes of Monsanto, Bunge, Reinsurance Group of America and Pfizer building new employment centers in Chesterfield, Lang made...

Workers follow the crowds to Chippendale, now one of Sydney's hottest office markets

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Ten years ago, companies would barely look twice at office space in this Sydney suburb. But today, Chippendale has undergone a reversal of fortune. With the redevelopment of old industrial sites bringing in new residents and businesses, and office workers following, it is now being billed as one of the hottest spots of the city fringe. “It’s probably even taken over from Surry Hills now as a desirable location,” says Miron Solomons, director of investment services at Colliers International. “The re-gentrification of the area following the development of Frasers’ Central Park has been huge, and it’s so close to the city and Central station with excellent infrastructure and UTS [the University of Technology Sydney] nearby. “In the last 12 months, it’s probably seen the most change of any of the suburbs close to Sydney’s CBD.” Over that period, the fringe became the fastest growing office market in the country, on Colliers’ figures, with net effective rents for A- grade space growing...