Envy Apartment

April 06, 1998 | By Larry Carson | Larry Carson,SUN STAFF Dundalk residents who last month rejected a government-aided plan to renovate the Hidden Cove Apartments over fears it would cater to the poor hold out hope that a new buyer will appear and convert the 32-year-old complex into elderly housing or condominiums. But neither is likely, say a variety of county officials and real estate experts , who predict more slow decline for the unprofitable 30- acre waterfront complex in West Inverness , a densely populated community of about 2,000 brick townhouses. The $ 9 million sale price , combined with the multimillion-dollar cost to renovate or demolish the 504-unit, three- story brick complex , makes any purchase or extensive redevelopment problematic without government aid , county officials and real estate experts say. "The numbers won't crunch" for a conventionally financed deal , said county Councilman Louis L. DePazzo, a Dundalk Democrat who supported the plann...

Developer Jerry Epstein will replace his 202-unit Del Rey Shores apartment community built in the 1960s with a 544-unit complex in fewer, taller buildings. Marina Del Rey . The development will feature 12 four- and five-story buildings. The project is expected to be completed in two years." alt="An artist's rendering shows the Shores project to be built in Marina Del Rey . The development will feature 12 four- and five-story buildings. The project is expected to be completed in two years." /> An artist's rendering shows the Shores project to be built in Marina… (Shores ) The last surviving original developer of Marina del Rey will start work Monday on a $165- million apartment complex there that will replace one he built in the 1960s. The project is part of a push by Los Angeles County officials to spruce up the aging publicly owned marina , the largest pleasure boat harbor community in the United States. Leaseholders of land there have been urged to u...

Chicago’s South Loop neighborhood continues to buzz with construction activity. Thanks to its proximity to the city’s central business district , top parks, cultural attractions, and multiple colleges, the area has been especially hot for new rental projects . South Loop hotel construction is also strong as the Metropolitan Pier and Exposition Authority works to expand and transform McCormick Place into a new entertainment and hospitality hub dubbed ‘McCormick Square.’ Here is the latest look at eleven projects under-construction or newly completed in Chicago’s hot South Loop . ↑ One Grant Park Expected to rise well over 800 feet into the air, One Grant Park will be impossible to miss when when it creates a new peak at the south end of downtown Chicago’s skyline. Designed by Rafael Viñoly Architects, the 76- story building broke ground in early 2017 and has been quickly climbing at the corner of Roosevelt and Indiana. The skyscraper will deliver 792 rental apartments . A second...