StreetLIghts and Eastern Federal have been greenlit by the Charlotte City Council to move ahead on the redevelopment of a site that includes a vintage theater. Eastern Federal owns the theater site.
Dubbed The Manor, The Charlotte Business Journal reports the project is expected to include between 120 and 130 residential units and about 35,000 square feet of retail uses. The site currently has about 40,000 square feet of existing retail space, including the 70-year-old Regal Manor Twin Theatre, which closed during COVID.
Besides the movie theater, the site has a few retail buildings and an office building. It’s not yet clear what will be done to the structures as the project moves forward.
On its website, StreetLights Residential says it takes a design-centric approach to urban development, focusing on multifamily apartment homes and mixed-use developments.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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