Landmark Properties announced the delivery of The Legacy at Ann Arbor, a new, 521-bed student housing community at 616 E. Washington Street in Ann Arbor, Michigan.
Developed in a joint venture with Cerca Trova and designed by ESG Architecture & Design, The Legacy at Ann Arbor is comprised of two interconnected buildings – a 19-story high-rise and mid-rise structure attached to the historic Michigan Theater. Landmark Construction served as the project’s general contractor.
The Legacy at Ann Arbor offers residents a mix of studios to five-bedroom apartments across 253 units. The property also has 4,150 square feet of ground-floor retail space and on-site gated resident parking. The building is immediately adjacent to the University of Michigan campus and a number of dining, entertainment and retail options in the heart of downtown Ann Arbor.
With the opening of The Legacy at Ann Arbor, Landmark currently operates and manages more than 2,400 beds across six properties in Michigan.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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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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