Demolition is underway on the Davie Street Parking Deck in downtown Greensboro (shown). The Triad Business Journal reports the move will make way for a new luxury apartment community with restaurant and retail space.
The city of Greensboro approved an agreement in June to transfer the site to BSC Holdings for the cost of demolition of the deck. The company developed apartment units on floors 4-9 of the adjacent Southeastern Building.
The company is building Davie on the Park, a 171-unit luxury apartment complex with about 3,000 square feet of first-floor retail and restaurant space. The idea is for BSC to link the latest project to the nearby BSC project.
BSC is working with architect LS3P.
BSC Holdings is the fifth largest apartment management company in the Triad, with 3,000 units across 15 properties.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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