Envy Apartment

CLOSE Groundbreaking took place for the new Toll Brothers Apartment Living on Corporate Park Drive in Harrison, Aug. 15, 2017. Mark Vergari/lohud Buy Photo A rendering of the planned Toll Brothers Apartment Living planned for 103- 105 Corporate Park Drive in Harrison, photographed Aug. 15, 2017. (Photo: Mark Vergari/The Journal News) Buy Photo HARRISON - The first apartment development  on the Platinum Mile broke ground Tuesday , marking the further transformation of the aged office park corridor . To make way for the 421- unit luxury apartment complex , to be known as Carraway, one of two vacant office buildings at the 10.35 acre site,  105 Corporate Park Drive , has already been razed. Following the groundbreaking ceremony , heavy equipment started crashing into the facade of the remaining building at  103 Corporate Park Drive . Buy Photo Work continues on demolition for the site of the planned Toll Brothers Apartment Living at 103- 105 Corporate Park Drive in Harrison, photo...

click to enlarge Bridgeview Village apartment complex for several days. - DUSTIN WATERS" /> Dustin Waters Flooding closed off the main entrances to the Bridgeview Village apartment complex for several days. As days of heavy rain swelled the Cooper River, residents of the Bridgeview Village apartment complex were trapped. Even Monday evening, the community’s two main exits on North Romney Street remained impassable for most vehicles. With the help of police, residents of the 300-unit complex say they were able to move the dumpsters blocking a single-lane road that cuts through the woods surrounding the complex. Although it doesn’t have a name, that road now serves as the only way in or out of the neighborhood. But for the first few days, even it was too flooded to use. “They opened that up Sunday. So Friday, Saturday, Sunday — it was three days we were stuck here,” says Charles Smith, age 69, whose apartment looks out onto the knee-deep wat...

Lon Horwedel | AnnArbor.com Ann Arbor’s Hidden Valley Club apartment complex is a local example of a $ 70 billion national real estate problem : Securitized commercial loans that are in default. A foreclosure notice on the 324-unit complex near Briarwood was filed in late April, despite months of ongoing conversations initiated by the owner to modify the loan. The loan itself - which totals $18.1 million - is complicated, since it’s one among billions in real estate investments that were repackaged and sold to Wall Street investors during years of peak real estate prices . So are the circumstances behind the loan default, said Hidden Valley Club co- owner Jeff Starman . The most obvious is the drop in the property’s value as rental rates fell below levels to cover loan payments . Other factors include a national real estate climate in which banking consolidations after the lending crisis and the sheer volume of properties in securitized loans - known as Commercial Mortgage B...

It is one of the necessities in life, finding shelter. But who actually enjoys taking the time to search all over town for a perfect place that mandatorily fits into a budget? Anchorage isn't exactly the most expensive city around, but it's certainly not the cheapest. In a search for almost anything these days, most will likely turn to everybody's favorite modern resource , the Internet. Unfortunately, the online listing for Anchorage apartments is slim, and the information available for those apartments is even more feeble. The best and probably most accurate aid in an apartment search is an Apartment Finder catalogue , the small, detailed pamphlets found all over town in stores like the local supermarket and other retailers. The Apartment Finder names a variety of complexes citywide, lists apartments within most everyone's budget, and even provides maps for easy directions. And it can be acquired for every consumer's favorite cost: p...

If you are new to the property game and have recently decided that it’s time to move into a place of your own, then you will have likely asked yourself the question “Do I want to rent an apartment, or purchase a property of my own?” Well fortunately, this article aims to help you answer that question, by offering insights into why it might be a better idea to rent or purchase for your current situation, as well as other factors that you may not have considered yet. Renting Provides Flexibility while Purchasing Offers Stability In a recent article by EnlightenMe, they shared insight when they mentioned that one of the primary factors to consider when deciding whether to purchase a condo or rent an apartment, was the fact that renting offers flexibility , whereas buying offers stability . For example, if you are an entrepreneur or are still finding your footing within your career, you will need to decide whether you can realistically settle down. If you are expecting to be relocated with...

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...

The realty group beat out more than 20 offers to secure the 294-unit complex on Hickory Creek Drive . A local buyer has picked up nearly 300 apartments in Henrico, where two other decades-old rental communities are under contract. McCann Realty Partners beat out nearly two dozen local and out-of-town offers on Hickory Creek, a 294-unit, 32-year-old complex of one- and two-bedroom apartments at 2344 Hickory Creek Drive . The Henrico-based firm, based less than a mile away, purchased the 20-acre property along Tuckernuck Drive, between West Broad Street and Mayland Drive, for $28.55 million. The sale closed June 27 , according to county records. McCann president Matt Akin and vice president Thomas Upson said the property’s proximity to their office, as well as to Innsbrook, was appealing to the firm, whose portfolio of rental properties is primarily out-of-state. Akin said Hickory Creek is “close by; it’s in a neighborhood we obviously know. It’s a mid-‘80s product that needs a lar...

AGOURA, CA - AMCAL Multi-Housing, one of California's leading builders of workforce and affordable housing , has just announced plans for two new, apartment developments in Los Angeles stemming from the recent funding from California Tax Credit Allocation Committee (TCAC). TCAC funding will be used by AMCAL to finance the Argyle Apartments, a 40-unit development in Hollywood, and the Terracina Apartments, a 72-unit development in South LA. Construction on both is set to begin this Fall. "Our success in receiving these awards is a result of our ability to develop adequate soft funding , which made our applications competitive and demonstrated a readiness to proceed with the development," said Percival Vaz, chief executive officer of AMCAL. "We have also been able to secure equity investors and permanent lenders enabling us to move forward, whereas with the economy still struggling other developers without strong backgrounds and investor relationships have ha...

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...

Petitions with almost 1,200 signatures were submitted to the Amherst Town Board Monday night , demanding that land for a major low- income apartment complex in the Willow Ridge area be rezoned for one-family homes. The petitions say the less intensive residential land use is needed to avoid undue pressure on roads, schools, sewers, water lines and power sources, and to "protect the sense of community" that Willow Ridge residents share . The Benchmark Group has already filed plans for the first phase of a complex of more than 350 apartments near Niagara Falls Boulevard and Willow Ridge Drive . The property has been zoned for multiple dwellings for more than 20 years. …

At the ribbon cutting this month for the Wesley Village affordable housing complex in Garden Grove, Laura Archuleta couldn ’t resist referencing Joni Mitchell ’s 1970 environmental protest “Big Yellow Taxi.” Built on underused land that’s part of the Garden Grove United Methodist Church campus on Main Street, Wesley Village offered Archuleta , president of the nonprofit community organization Jamboree Housing Corp ., a chance to riff on one of Mitchell’s most famous lyrics. Where Mitchell sang “They paved paradise/And put up a parking lot,” Archuleta told about 300 people packed into the steamy church sanctuary on a hot afternoon that “Today we are going to learn how a group of dedicated organizations and individuals re-purposed a parking lot and put up a paradise.” Then she and others who spoke, including a single mom with six children who now reside at Wesley Village , told how the project became reality through a unique collaboration that involved the church, Jamboree and other...