Stonelake is moving forward on a project that will have around 470 residences for lease, along with 10,000 square feet of food and beverage space on the project’s ground floor. The Dallas Business Journal reports that the project, at 1700 S. Lamar Blvd., is planned as a six-story building, but the latest zoning ruling would allow Stonelake to build up to 90 feet.
Three properties currently occupy the development site, which includes some commercial buildings and a duplex residence. They’ll be demolished before Stonelake can build its new venture. The company plans to break ground in Q1 of next year,
The project’s architect is KTGY.
Stonelake has 2.43 million square feet of space owned across 34 properties. The developer owns properties including Georgetown Logistics, Domain Tower II and 415 Colorado.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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