Envy Apartment

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OpenPath Investments, triple bottom-line company with more than a decade of experience creating value for its investors, announced on Wednesday that it has purchased Ventana Palms Apartments , located in west Phoenix, for $8.5 million, kickstarting an effort to bring a socially responsible investing and property management model to the working- class housing complex in the Maryvale neighborhood. OpenPath’s acquisition includes approximately $3.6 million in equity financing from socially conscious investors who support the firm’s Urban Village community concept and its environmentally friendly investment model . The Urban Village concept calls for investments in community-building efforts for apartment residents , including tools, inspiration and ideas to enrich their community life — from community gardens, to educational classes and leadership development. OpenPath also intends to invest approximately $1.5 million in interior and exterior upgrades at Ventana Palms. The 10-buildi...

The York County Board of Supervisors approved rezoning and a special use permit for three parcels near the intersection of Victory Boulevard and Route 17 to allow construction of a senior living facility . The vote at Tuesday’s meeting was 4-1 in favor, with board Chairwoman Sheila Noll voting against rezoning. Noll said she supported the project’s purpose, design and economic impact, but could not support its location, given the area’s traffic. The 9.2 acres of land was rezoned from high density residential to general business. The developer, Georgia- based Landbridge Acquisitions , is planning 170 age- restricted living units , including independent living , assisted living and memory care units . The facility is to be called the Phoenix at Yorktown. More than half of the housing units will be independent living apartments . Principal planner Tim Cross called the facility a continued care retirement community , meaning residents could move from one housing type to another depend...