The Tempe City Council okayed Dorsey Station, a 400-unit development that is 90% affordable, as well as a site for a future shopping center. Urban Development Partners and Palindrome are codeveloping the property after being selected by the town to move forward with the project. The town bought the property in 2021 for $10.7 million.
The Phoenix Business Journal reports that Dorsey Station will occupy several acres at 1320 E. Apache Blvd. and 1412 S. Dorsey Lane, replacing the Pollack Apache Center. Food City previously operated out of the shopping mall, but it shut down in 2021, leaving the community without access to a nearby grocery store.
Of the 400 units planned at Dorsey Station, 360 will be reserved for residents earning between 30% and 80% of the area median income.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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