Hunt Capital Partners and Sycamore Development are converting a vintage West Dallas furniture store into apartments and retail. The adaptive reuse element will include restoration of the former five-story furniture warehouse at 805 Elm St. built in 1904. It will be complemented by a new six-story building.
Multihousing News reports the $125 million project will consist of 154 housing units, half of which will be income-restricted and the other half market-rate. Common-area amenities at West End Lofts will include a swimming pool, a courtyard, a coworking and meeting space, a rooftop lounge, a game room, and a fitness center. The community will also have more than 20,000 square feet of ground-floor retail space.
Hunt Capital Partners served as syndicator for $19.5 million in federal Low-Income Housing Tax Credits, $7.9 million in federal historic tax credits and $9.8 million in certified Texas state historic tax credits for the development.
The City of Dallas also committed $49 million to the project .
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National real estate company Fairstead recently celebrated the topping out of the $120 million Samuel Madden Homes redevelopment project in Alexandria, Virginia. Created in partnership with Harkins, the Alexandria Redevelopment and Housing Authority and The Communities Group, the six-story, 295,000-square-foot mixed-use project will feature 207 affordable housing residences for residents earning between 30% and 80%...
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WinnCompanies and development partner Arch Communities have completed The Eastwalk, a 56-unit, transit-oriented, mixed-income development in Braintree, MA. The $47-million project was built on the long-vacant location of the Braintree Electric Light Department power plant. Federal, state and local officials joined WinnCompanies executives for a tour of the five-story community, which offers a range of...
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Walker & Dunlop, Inc. has arranged $203,500,000 in construction financing for the development of 50 Third Ave., a 184-unit mixed-use multifamily development with 12,529 square feet of ground-floor retail at the crossroads of 11th Street and Third Avenue in Manhattan’s East Village. A Walker & Dunlop Capital Markets Institutional Advisory team of Aaron Appel, Keith...
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