Envy Apartment

But the city, which shares a border with the Bronx, has an enviable location, said Sam Mermelstein, a founding member of Enclave Equities, a development firm active there. About 30 minutes from Grand Central Terminal by way of the Metro- North commuter railroad , Mount Vernon is closer to Midtown Manhattan than many Brooklyn neighborhoods. Enclave is at work on a five-building, 179- unit residential rental project on former industrial property near the Fleetwood station that will offer Manhattan-style extras like rooftop terraces and gyms. And, in a break with recent nearby projects , the $ 48 million development , set to open next year, will offer all market-rate units. The rents for its one-bedrooms will be about $1,700 a month, which is less than half of what new- construction units cost in Lower Manhattan, according to online ads. “It makes no sense that this area is not booming,” Mr. Mermelstein said. One complaint from Mr. Mermelstein and others is that Mount Vernon’s retail...

The city of Tampa is on the cusp of a total makeover. With billions of dollars in investment and dozens of new apartment, condo, office and cultural buildings in the pipeline, the city's skyline and surrounding communities are poised to look a whole lot different than what it does today. But dreaming up the future of Tampa doesn't come without its challenges. For all the promises of a new urban core filled with hotels, parks, food halls and stores, there are also potential pitfalls. The Tampa Bay Times identified the five key obstacles that stand in the way of some of the biggest projects proposed in Hillsborough County . Many of these challenges are ones local politicians and business leaders have been fighting for years to find a solution. Others are fairly new territory, but still pose a real threat to the region's continued growth. [LOREN ELLIOTT | Times] A construction site is seen just north of Amalie Arena in downtown Tampa , Fla., on Monday, May 1, 2017. Curr...

“I think buyers will appreciate it,” said Mr. Korolik, who explained that the original development site , which he purchased in 2014, consisted of just three lots, meaning that he could have built a 35-story tower, at best. Air rights can be sold by a building that has not been constructed to its maximum allowable height . Those rights can be shifted around and sold, though mostly between buildings that are side by side. Photo A model of the new 130-unit condo. Credit Katherine Marks for The New York Times Mr. Korolik added, “But developers are like teachers and parents. We do a whole lot of work, but sometimes we are underappreciated.” Of course, not everybody will be able to live in the upper stories of the spire, which is designed by Rafael Viñoly Architects, a firm whose portfolio includes skyscrapers like 432 Park Avenue. But in an unusual move, every apartment is a corner unit with two exposures, which developers say will especially help residents of lower floors enjoy their f...

The most expensive home in each of New Jersey's 21 counties can vary greatly. From a $ 40 million Bergen County estate to a $1. 3 million property in Salem County, the height of luxury takes on different meaning throughout New Jersey. Here's a look at the most expensive properties in each of New Jersey's 21 counties: Atlantic County Address: 32 W Ocean Drive, Brigantine Listing Price: $7.5 million This Brigantine beachfront mansion is at an awe- inspiring seaside setting with spectacular views of the ocean and Atlantic City. The six-bedroom, seven-bathroom home has amenities like Baccarat crystal lighting fixtures , Crestron smart home system , marble floors and cherrywood and tigerwood throughout. It has been a little difficult to sell. The $7. 5 million property has been listed on Realtor.com for 805 days. Bergen County Address: 18 Frick Drive , Alpine Listing Price: $39.9 million This 42-room estate is the most expensive property listed in New Jersey . It feature...

Lancaster- based Oak Tree Development Group said it has agreed to buy the 11-acre property from Wilbur’s owner, Cargill, for an undisclosed price. “We like projects that are community-centric,” said Oak Tree President Mike O’Brien. “We’re excited to do a project that positively impacts a small town like this.” Oak Tree expects to submit plans to the borough in 60 days. The firm hopes to get them approved by year-end, start construction in early 2018 and complete the venture by March 2019. A name for the project has yet to be selected, said O’Brien. He declined to disclose the project’s cost. “We’re eager to work with Oak Tree,” said Karen Weibel, president of Lititz’s Borough Council . “It’s a local firm. They have a lot of credibility. We’re extremely thankful that the building will be utilized quickly, and not sit there for five or 10 years and invite blight.” Mayor Tim Snyder also was enthusiastic about the plan, saying the new uses “will enhance downtown Lititz . ... It’s going...

CLEVELAND, Ohio - One of downtown Cleveland 's worst eyesores finally changed hands Monday , after years of court fights and false redevelopment starts . Alto Partners bought the long- vacant John Hartness Brown complex on Euclid Avenue for $9.1 million, in a deal that sprang from a messy foreclosure fight . The developer, a relative newcomer to the Cleveland real estate market , expects to fill the buildings with apartments, a hotel, retail and parking. Construction could start during the first few months of 2018. Stretching from 1001-1101 Euclid Ave., the John Hartness Brown complex spans three addresses and five facades on north side of the street. Thanks to troubled ownership, financial hurdles and lingering fallout from the Great Recession, the property has languished despite the surge in downtown living and the trend of turning historic buildings into housing and hotels. Alto will be the third developer in a decade to attempt a revival of the block. A rendering shows what ...