Saying Nexus Cos’ new Dallas senior living community is luxurious is not a stretch. One of the amenities the company is including is a Mercedes-Benz chauffeured limousine. Multi-Housing News reports that besides a comprehensive health and wellness facility, the amenity offerings include an indoor saline pool and jacuzzi, sports lounge, golf simulator, library, 4K movie theater, beauty salon, art studio, fitness center, yoga, Pilates studio and a large pavilion for special events. The property will also have a family party room with a bowling alley, arcade, photo booth and dining area.
Nexus Cos. plans to develop a 20-story, 193-unit luxury senior living community in Dallas’ Turtle Creek neighborhood. The developer has secured a $180 million construction loan from Beal Bank and raised equity from investors for the project, which is slated for completion in late 2027.
Construction has already begun on the 1.37-acre site at 2505 Turtle Creek Blvd. HKS Inc. is the architect, and Andres Construction is the general contractor.
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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Ponderay Apartments, a 40-unit multifamily property located at 5625 15th Ave NE in Seattle’s University District, sold for $6.26 million, equating to $156,625 per unit. Built in 1963, the property totals 21,540 square feet and consists of 22 one-bedroom units and 18 studio apartments. The studios average 478 square feet, while the one-bedroom units average...
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