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Developer Trio Proceeding with Brooklyn Village Affordable Apartments
BK Partners is moving ahead on its affordable housing project in Brooklyn Village in Charlotte. The Charlotte Business Journal reports the company, along with Peebles Corp and Conformity, is working on a $103 million project that will consist of 250 affordable multifamily units across two buildings, 9,018 square feet of ground-floor retail and 175 parking spaces. The apartment mix would include studio, one-, two-, and three-bedroom units.
The project would have 70 units priced for households making 30% of the area median income, 30 units at 50% AMI, 42 units at 60% AMI, and 108 units at 80% AMI.
Later phases of Brooklyn Village are planned for 5.43 acres at Marshall Park, at 303 S. McDowell St., and the 5.91-acre former Charlotte-Mecklenburg Schools Board of Education site at 701 E. Martin Luther King Jr. Blvd. According to the county, the land purchase for phase 2 will cost BK Partners $17.5 million, and phase 3 will be $5.9 million.
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Legacy Partners, DWS Launch Construction on Torrance Apartments
Legacy Partners, a privately held national real estate firm, partnered with DWS Group, a leading global asset manager, to announce the start of construction for Soto, a 200-unit apartment community in Torrance. It represents the fourth project on which Legacy and DWS have teamed. Located at 3863 Carson St. adjacent to Del Amo Fashion Center, the five-story community’s exterior...
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Development Partnership Unveils Renderings for Sunset Park Mixed-Income Housing
The partnership of Ailanthus, BEB Capital and SK Development revealed new project renderings for One Sunset, a 193,000-square-foot, 14-story, 187-unit mixed-income housing and retail development located at 201 E. 25th St. in Brooklyn’s Sunset Park neighborhood. To accompany the release of the new imagery, One Sunset’s teaser website has launched. “We are thrilled to unveil this ‘first look’ at One Sunset, our...
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Oxford Capital Group Acquires Eleven Minnesota Senior Housing Properties
Oxford Capital Group has acquired eleven seniors housing properties totaling 489 units in the Minneapolis area and northern Minnesota. An affiliate of Oxford acquired the properties from an independent operator. Oxford’s senior housing management affiliate, Oxford Living US, LLC, will manage the properties. Oxford will invest several million dollars in the coming years, enhancing the...
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Chase Lord
SVN OAK Realty Advisors | Oklahoma
Lenders
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Brad Hayden
Colorado
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Felix Gutnikov
California
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Gary Bechtel
North Carolina
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Arbor Realty Trust
Management
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Essex Property Trust, Inc.
California
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Asset Living
Texas
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AOG Living
Texas
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Apartment Management Consultants, LLC
Utah
