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Single-level units key to downsizers selling large family homes

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DOWNSIZERS unable to relocate might be sitting on hundreds of family-sized properties across the Bayside region . Despite new government incentives that allow downsizers aged 65 or over to inject $300,000 into superannuation if they sell their home, many are refusing to do so because the right stock is not available. Namely, single-level units. Branon Real Estate sales professional Cam Saba said many prospective downsizers in Bayside were in touch with him regularly. A DEVELOPING MARKET: Homeowners turn to redevelopment to realise value “I’m currently dealing with about 100 of them, trying to find them homes,” Mr Saba said. “If you consider how many might be dealing with other agents, there could be hundreds of homes ready to be listed across Bayside. “They’re willing to sell their large houses, but the stock they want (single-level units) isn’t there, and they all want to stay in the area.” Bayside resident Valerie Maniatis said she had been looking to downsize for around four ...

It's years away, but 70-story downtown tower could change L.A. skyline and 'relationship with vertical living'

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A skyscraper that would be the tallest residential building in California has been proposed for downtown Los Angeles as the neighborhood’s housing boom rolls on. Crescent Heights , a Miami- based developer , submitted a proposal to the city Planning Department this week to build a 70- story apartment building that would stand out in size and design amid the rapidly growing South Park district east of Staples Center. The 810-foot building with 794 units would be the third-tallest in Los Angeles behind the recently opened Wilshire Grand hotel and office tower and the U.S. Bank Tower office building completed in 1989. Last year, Crescent Heights completed Ten Thousand , a 40- story luxury apartment complex on Santa Monica Boulevard on the edge of Century City. It also plans to build two residential high-rises next to the famed Hollywood Palladium on Sunset Boulevard. Its latest high-rise plan, for 1045 S. Olive St., calls for eye-catching cutouts two-thirds of the way up the bu...

GK Goh to launch purpose-built nursing home in Singapore

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Allium Healthcare )" /> The groundbreaking ceremony for Allium Healthcare Holdings’ maiden nursing home project on Venus Drive was held last month. Allium Healthcare is a wholly-owned subsidiary of investment holding company GK Goh Holdings . It was awarded the 30- year leasehold site last December. Allium paid S$24.3 million (RM76.4 million) for the 4,000 sq m site, and intends to build a four-storey, 129-bed facility with a built-up area of 5,600 sq m. The development cost of the project is estimated to be S$40 million to S$45 million. The nursing home is designed to be a premium product in terms of services and facilities, says Bernie Poh, CEO of Allium Healthcare . He says there is demand for this kind of facility among the middle- to upper-income group, especially in the neighbourhood of Venus Drive. “This market segment is quite underserved.” Venus Drive is located just off Upper Thomson Road , an affluent landed housing neighbourhood that includes the Windsor Park G...

The Carrington at Lincolnwood Opens Models and New Life Opportunities

“We are excited to participate in an innovative approach to re-defining the senior community into a desirable destination for a full and active lifestyle ,” said Glenn Seerup, principal at Jensen and Halstead Architects , in reference to The Carrington at Lincolnwood opening late this year. Joining Jensen and Halstead, the oldest architecture firm in the Chicagoland area, on The Carrington project are developer South Bay Partners , manager Life Care Services and Charles Hall Construction . Model residences are now open, and “The First Keys Club” perks for first depositors include a $1,500 credit toward moving expenses, a house-warming reception, guaranteed rental rates for the first two years of residency, referral rewards and several additional benefits . “There is no better time than now to visit our beautiful models and see all that is available to older adults within and right outside The Carrington community,” said Sue Simek, director of sales and marketing at Life Care Servic...

What can I afford? A family in need of more space considers their options for upgrading

Space is a precious commodity in New York City, particularly for the parents of young children, and as families grow it can be a major hurdle to find (and afford) the room to accommodate them. Samantha (whose name we've changed to protect her privacy) and her husband, the parents of a four-year-old and a one-year-old, currently own a two-bedroom, one-bath co-op on the Upper East Side , and are wondering whether it's time to move to a larger home.  "We are unsure about the prospect of our next move and whether it would be worth it to move to a rental or buy again, considering the increase in space we need," Samantha says. The couple would ideally like to find a three- bedroom apartment close to a park, in a building with a live-in super or doorman, though a two-bedroom with a separate dining room could work, too. Because of their children, they prefer a building with an elevator, or a first-floor apartment; transit-wise, they're looking for a commute to their job...

Three-bedrooms in Manhattan and Brooklyn for under $1.5 million

In today's overheated real estate market , small apartments dominate , particularly in new developments targeting young professionals . But New Yorkers still have families, and across the board we share a rarely satisfied hunger for space. In keeping with that theme, here are 10 three-bedrooms in Manhattan, Brooklyn (and on Roosevelt Island , which is technically part of Manhattan) for less than $1.5 million. MORNINGSIDE HEIGHTS : A three-bedroom, one-and-a-half-bath co-op with 10-foot ceilings, oak floors, new windows, an open kitchen and a Juliet balcony in a prewar elevator building. The building at 54 Morningside Dr., between West 115th and West 116th streets , has a live-in super, a laundry room, storage and a bike room. $1.425 million, plus $1,924 a month maintenance ROOSEVELT ISLAND : A three-bedroom, two-and-a-half-bath duplex with wide- plank oak floors , stainless steel kitchen appliances , new insulated sliding windows and crown moldings throughout. The apartment is in...

EdR Grows on On-Campus Housing, Opens First Phase at NMU

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Shutterstock photo Education Realty Trust (EDR), commonly known as EdR, is making every effort to leverage on the soaring demand for on- campus development of universities. Recently, the company opened the first phase of its ONE Plan on- campus replacement housing at the Northern Michigan University (NMU). This development, named The Woods in Marquette, MI, has 417 beds in a living-learning community. The property boasts ample amenities , including Internet and Wi-Fi, classrooms, study rooms, TV lounges and laundry facilities. The entire $75.4- million project is, however, slated for final delivery in 2018. The development will include 1,229 beds. EdR is leasing the land from the university, and the project will be funded through EdR's On Campus Equity Plan - The ONE Plan. The plan helps in funding projects on university land with this student housing REIT 's equity and financial flexibility. On the other hand, such partnerships allow the university...

Why empty nesters are moving to Brisbane’s inner city

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Sponsored Content rise residential developments in recent years." /> Brisbane has seen a proliferation of high- rise residential developments in recent years. At one time Brisbane wore a reputation as the last, true east coast bastion of the quarter-acre block – a time, not so long ago, when many developers focused on delivering the Australian dream as a three- or four-bedroom home with a landscaped garden front and back.  How those times have changed.   Interstate migration, the need to mitigate the transport and infrastructure pressures of vast urban sprawl , and a more visionary approach to inner-city planning have all triggered the growth of Brisbane upward rather than outward. Investment in cultural precincts like South Bank have increased the appeal of inner-city living. Photo: Bradley Kanaris There is little doubt that, for most people familiar with the city, the biggest change in the past decade has been to the skyline with a proliferation of high- rise residenti...

Shadowbrook Apartments - Reviews - Roseville, CA - 400 Forest Knoll Dr - Apartments

3 400 Forest Knoll Dr Roseville , CA 95678 (916) 781-2565 As you can tell from the below reviews, this place is a joke! I would definitely not recommend moving here. The management (if you can call them that) are horrible! They are so lazy and unprofessional and you have to harass them to get anything done. The office manager comes and go as she pleases. They never give the tenants notices if they are going to leave early or take a day off. The lady in the office seriously locks the door and sleeps all day at her desk. You walk in the back door and see the drool running down her face. Unbelievable! I have lived in a lot of apartments, and the response and accountability of Shadowbrook is by far the worse I have ever encountered. On more than one occasion, we had an emergency work order (due to a massive ceiling leak ) and called both the mgmt and the emergency maintenance line . We probably called 50+ times in one day, but of course no answer or return call. Finally I left work earl...

Metal Locker and Filing Cabinet Inspiration

It's not that anyone forgot that lockers and filing cabinets exist , it's just that they aren't used nearly as commonly as they ought to be in my opinion. They're affordable (to buy new or find used at thrift stores) and you can store lots of different things in them. They're DIY'able (hello, paint one a bold color!). They not only fit in with a lot of different design styles, but they offer up a heaping dose of industrial vibes to any room they live in. And let's not forget the most important element; most are made of metal, which means they are perfect for magnetic decor ideas . I was reminded again of lockers' beauty and functionality in a recent house tour : A Quirky, Industrial Modern Apartment in Michigan. Rachael Barlock's rental house uses lockers in a few different rooms. In the living room, an unassuming white locker (that she found thrifting) blends into the background, but is tall and provides a great opportunity to add decor (like a...

Five big projects in Tampa; five big problems looming

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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...