PREMIER Design + Build Group has launched construction on M7 Lofts, a multifamily adaptive reuse project developed by Saber-Hightower and Granoff Real Estate. The project will convert two existing office buildings at the Merritt 7 campus in Norwalk, CT into 286 loft-style apartments across 511,000 square feet spanning eight floors.
M7 Lofts represents a significant reimagining of underutilized commercial real estate, according to PREMIER. The two office buildings will be combined into a single unified site, delivering a complete interior renovation alongside a comprehensive modernization of the exterior. The project also includes the full renovation of a three-level parking garage.
Jason Hart, EVP of PREMIER’s Eastern Region, said, “PREMIER is delivering over 950 market-rate and affordable housing residential units in the Connecticut market over the next two years. We are proud to partner with Saber-Hightower and Granoff Real Estate to repurpose these existing but dormant office assets into thriving residential communities.”
Northmarq has arranged $50 million in financing for Ardor on the Bluffs, a 235-unit mid-rise multifamily community in Bloomington, Minnesota. Located at 3701 American Blvd, the complex is located just minutes from MSP International Airport and the Mall of America. Northmarq’s Minneapolis Debt + Equity team, led by Dan Trebil, arranged the financing on behalf...
Learn more
City and state officials joined representatives from Catholic Charities and community leaders to cut the ribbon on the new Catholic Charities Gail P. Duke Senior Residence. The $143.4-million development will provide 141 units of affordable sustainable apartments for low-income seniors with supportive services in the Brownsville neighborhood of Brooklyn. The Gail P. Duke Senior Residence,...
Learn more
Marcus & Millichap finalized the sale of Amber Pines Apartments, a 23-unit multifamily property located at 330 Amber Ct. in Upland. The property sold for $5.9 million, or $257,717 per unit. “Amber Pines features a mix of spacious studio, one- and two-bedroom floor plans,” said Douglas McCauley, senior managing director investments. “The asset’s prime north...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Avison Young - CA - ON - Greater Toronto
California
California