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Today's Post has an article, "The new housing market: Why it’s so hard to find a cheap apartment in Washington, D.C.," with this line about strategies for producing more and lower cost housing : In D.C., you could even ditch the large historic districts that make it extremely difficult to build anything substantial in many desirable neighborhoods. Too bad it's wrong.  (The article doesn't say all that much considering.) The reason that it's hard to find cheap apartments in DC, is that relative to demand, there is lack of inventory. But it's not because of historic districcts. It's because historically, DC had been a small city relatively speaking, and not an industrial city, which would have led to the construction of more and higher capacity apartment buildings and tenements. Instead, especially in the late 1800s and into the early part of the 1900s, mostly single family housing (rowhouses) was constructed in those inner city neighborhoods th...

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...

In a hot downtown apartment market , many developers are asking: Should I sell or refinance? A group led by Chicago developer John Buck recently picked the latter, taking out a $150 million mortgage on Mila, a new 41- story apartment tower near Millennium Park. The move generated a big payday for Buck and its partners, allowing them to pull about $60 million out of the property without selling it. Like homeowners who extract cash from their homes by taking on more debt, developers and landlords can use cash-out financing amid rising property values to pocket big profits . For some developers, it's an especially appealing move because they can borrow so much more against an occupied property than they can against an unbuilt construction project . It also helps that lenders are so high on apartments, offering plenty of choices and good loan terms for landlords. "We're doing a ton of" refinancings, said Danny Kaufman, managing director in the Chicago office of HFF,...

The build out at Colonial Grand at Randal Lakes continues , with ground soon to be broken on 314 apartments in 21 two-story buildings. The $1.1 million project will double the size of Colonial Grand at Randal Lakes, a lakefront community whose first phase of 300 apartments was built several years ago, located to the east of the Lake Nona border and directly south of Sun Blaze Elementary School . Demand to live in the burgeoning area is driving the project, which is expected to begin next month on 26.3 acres and be completed in about 18 months. The apartment project includes four building types, single-story clubhouse, cabana, cigar bar, maintenance garage, four- bay detached garages as well as integrated main-level garages, dog park and community pool. ContraVest Construction Co. of Orlando is the general contractor. Colonial Properties Trust is the owner. MAA is the developer, Forum Architecture & Interior Design is the architect, Premier Structural Engineering is the str...

The owners of the Fox Creek Estates senior apartments in East Amherst plan to build a mixed-used development of apartments, offices and retail space next to their Transit Road property . Two three-story buildings are proposed at 9540 Transit Road , north of Casey Road. The same partners behind the 9540 Transit site own the townhomes just to the south at 9512 Transit and the senior apartments at 9500 Transit, said Sean W. Hopkins, the owners' attorney. The applicant, Fox Creek Estates III LLC , is seeking to rezone about 1.8 acres of the 6.8-acre suburban-agriculture site for the buildings and parking spaces, leaving most of the north portion that runs along a neighboring subdivision permanent open space . The first floor of each building would house retail and office space, and the second and third floors would hold 38 apartments total . The Amherst Planning Board could take up the rezoning request in August.

NEW YORK, NY - Centerline Capital Group , a provider of real estate mortgage services for conventional and affordable multifamily housing , announced today it has provided a Fannie Mae DUS loan in the amount of $3.25 million to refinance a multifamily property in Oak Park, Illinois.    Located at 1000 Pleasant Street, Fountainhead Apartments is a four-story building ( including unfinished basement at partially submerged garden level ) with two interior courtyards between the building’s three wings.  The property has five distinct addresses but is known primarily by its 1000 Pleasant Street address . The borrower is Fountain Head Apartments , LLC, an Illinois limited liability company , and Melvyn Kushner, a highly regarded real estate investor .  The property has been very well maintained by Kushner who has been engaged in ownership and management of multifamily complexes for nearly 40 years. “The Property was built in 1922 and has been well cared f...

Quizzes Lists Topics Save The Saxony Apartment Building is a historic apartment building in Cincinnati, Ohio, United States. Located along Ninth Street in the city's downtown, [1] this five- story brick building includes a distinctive range of architectural details. Among these elements are brick pilasters and projections, a three- story bay window on each side of the symmetrical main facade , semicircular balconies , and many stone pieces, such as pediments, keystones, and stringcourses. Due to its location at the intersection of Ninth and Race Streets, the Saxony appears to have two fronts: one onto each street. Although the Ninth Street facade is larger and more complex, the Race Street facade is nevertheless ornate as well: it features small yet elaborate semicircular balconies with wrought iron railings similar to those of the Ninth Street facade . [2] Constructed in 1891 according to a design by leading Cincinnati architect Samuel Hannaford , [1] the Saxony Apart...