Burk Interests and Greenway Investment Co. have been greenlit by the Dallas City Council to build an $800 million mixed-use project. The 9-6 vote was illustrative of the uphill battle the developers faced during the process. The vote came after the height requirements were reduced from 325 to 199 feet, effectively allowing a 17-story building.
The development would include three towers: a hospitality tower with 150 hotel keys and 54 condominium units, a 200,000-square-foot office building, and a 177-unit multifamily high-rise. The site at Preston Road and Royal Lane has been vacant since 2019, when it was demolished by a tornado.
Developers must fund local infrastructure upgrades, including new traffic signal equipment at Preston and Royal, an emergency vehicle traffic signal for Dallas Fire-Rescue Station 41, and local water/sewage improvements.
A more than 20M-SF portfolio spanning Canadian warehouses, offices and U.S. apartments will stay under H&R REIT’s control after unitholders voted down a $6.7B breakup Friday. The Toronto-based landlord may now sell its industrial properties separately. H&R terminated the agreement immediately. The REIT will stay listed on the Toronto Stock Exchange and owes the buyers...
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Welltower Inc. recently acquired three nursing homes in Broward County, Florida, from companies managed by TL Management for $160 million. That brings the total number of nursing home transactions in the region to nine. Previously, the company acquired two nursing homes in Palm Beach County for $48.2 million. All in all, Welltower has paid $386...
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13th Floor Investments has delivered Parks at Hallandale, an $89 million mixed-use apartment community bringing nearly 400 new market-rate and workforce residences to Hallandale Beach, Florida. ANF was the construction manager for the project. Parks at Hallandale is located at Pembroke Road and North Federal Highway on a 15.5-acre site. The mixed-use community includes five-story residential...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California