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Plans to repurpose former Americana come before city

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CLOSE The Americana Lodge in downtown Redding , California, closed in January after hundreds of alleged code and safety violations , and now The Hignell Companies hopes to repurpose the building. Wochit Architectural renderings of the proposed remodeling project to turn the closed Americana Lodge into The Lofts. (Photo: Russell Studio) Plans to convert the shuttered Americana Lodge in downtown Redding to apartments come before the city Wednesday afternoon . The project has been hailed as a catalyst for the area since The Hignell Companies of Chico announced it was purchasing the former motel late last year. Hignell would transform the property between Pine and Market streets into 24 one-bedroom and 20 studio apartment units that would average between 400 and 500 square feet of floor space. At least four of the apartments would be set aside for very-low and low-income renters. The Redding Board of Administrative Review will consider Hignell’s site development permit application ...

Lido Apartments, Hollywood's Hotel California, Has Sold

[Album cover via It Will Pass] The Lido Apartments building is known both for its lobby's appearance on the back cover of the Eagles' Hotel California album, and for the building's fall from glamour to neglect, a path that is typically Hollywoodian. Now, the apartment building at Yucca and Wilcox has sold to Lowe Enterprises for $9.4 million . In a press release, Lowe says it plans to "modernize all units in the building," and that it will immediately make improvements to the lobby, common areas, mechanical systems, and courtyard. In a 2004 article in Los Angeles magazine, Jesse Katz called the Lido "a property itching to gentrify," and traces the building's history from its opening in 1928 as an apartment hotel to its long slide downhill (with the rest of Hollywood). The Lido was the site of actor Victor Kilian 's 1979 murder--he's said to be the nearby Chinese Theatre's ghost . In the nineties, according to Katz's articl...

Reliable Sports to remain open, affordable housing development in question - News - Holland Sentinel

Reliable Sports owner Ken Vos sold to a different buyer. By Sydney.Smith@hollandsentinel.com (616) 546-4219 Reliable Sports isn ’t going anywhere. After Holland City Council approved an affordable housing development earlier this year, developer General Capital could not secure funding through the Michigan State Housing Development Authority , and Reliable Sports owner Ken Vos sold to another buyer who wants to keep the business open. Vos confirmed that the building is under contract to be sold in a sale that will be finalized at the end of September. The building located at 254 S. River Ave. was sold in July. Vos declined to share who the new owner will be, but said they "are a prominent figure in downtown Holland ." He still plans to retire, and a retirement sale is underway at the store. Since the business will remain open, that means the planned 54- unit affordable housing building Centennial Apartments will not happen — unless the new buyer decides to work with...

Carl Icahn’s Failed Raid on Washington

One day in August, 2016, the financier Carl Icahn made an urgent phone call to the Environmental Protection Agency . Icahn is one of the richest men on Wall Street, and he has thrived, in no small measure, because of a capacity to intimidate. A Texas- based oil refiner in which he had a major stake was losing money because of an obscure environmental rule that Icahn regarded as unduly onerous. Icahn is a voluble critic of any government regulation that constrains his companies. So he wanted to speak with the person in charge of enforcing the policy: a senior official at the E.P.A. named Janet McCabe . Icahn works from a suite of offices, atop the General Motors Building , in midtown, that are decorated in the oak-and-leather fashion of a tycoon’s lair in a nineteen-eighties film. During that decade, Icahn made his reputation as one of the original corporate raiders , pioneering the art of the hostile takeover and establishing himself as a human juggernaut—a pugnacious deal machine ...