The Austin City Council approved a rezoning request for a city block to accommodate a plan to redevelop the block with two high-rise towers that would hold a mix of uses along West Martin Luther King Jr. Boulevard and 18th Street in downtown Austin.
The Austin Business Journal reports the redevelopment project would include building two towers, with one tower being a 476-room hotel with nearly 35,000 square feet of office and retail space and the other tower being a 287-unit multifamily project with 35,000 square feet of retail space.
These towers would replace the existing low-rise buildings on the site that currently hold a Jack Brown Cleaners location, the original Tiff’s Treat cookie store, a Jimmy John’s and some low-rise apartment buildings.
Rundog Real Estate Group is the developer.
Besides the land use request, Rundog is also seeking approval for Austin’s Downtown Density Bonus Program.
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...
Learn more
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...
Learn more
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...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California