Home Builder Developer - Interior Renovation and Design

CHICAGO--(BUSINESS WIRE)--An affiliate of Walton Street Capital, L.L.C. (Walton Street) originated a $73 million loan to 29th Street Capital for the acquisition of Peakline at Copperleaf (the Property), a 266-unit garden-style apartment community located at 4343 S. Picadilly St. in Aurora, CO, a submarket near Denver. The Property is the second new vintage multifamily loan the affiliate of Walton Street has originated.

Built in 2021, the Property is currently 95% occupied and includes a variety of one, two and three-bedroom floorplans. The property features stainless steel appliances, stone countertops and subway tile backsplashes, spacious 9-ft. ceilings, wood style flooring, private balconies and patios and full-size washer and dryer. Community amenities include resort style swimming pool and spa, poolside cabanas and hammocks, 24/7 fitness center, bicycle lounge/repair shop, bocce ball court, onsite dog park and complimentary beer and wine taps in the clubhouse caf.

The Property is located within an 850-acre master planned community, Copperleaf, which is zoned to the highly-ranked Cherry Creek School District and surrounded by high-end single-family homes with an average cost of $600k+. The community features extensive open space, parks and trails and is situated conveniently with connectivity to a number of Denvers major employment centers.

In 2021, Walton Street affiliates have closed or are in process of closing loans on multifamily projects totaling approximately 6,036 units across multiple high-growth markets.

About Walton Street Capital, L.L.C.: Walton Street is a private equity real estate investment firm that, since its inception in 1994 through its affiliates, has raised over $14 billion of capital commitments from a broad cross-section of sophisticated institutional investors. Walton Streets principals have collectively acquired, financed, managed, and sold over $50 billion of real estate and have an average of 21 years of real estate industry experience. Senior management has collectively invested and managed both real estate equity and debt through several real estate cycles over five separate decades and more than 40 years, forging long-term and deep relationships with lenders, public and private real estate owners, operators, brokers, managers, and industry service providers. Through this diverse network, Walton Street has sourced over $10 billion in lending opportunities for its affiliates since inception.

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An Affiliate of Walton Street Originates a $73 Million Loan to 29th Street Capital for the Acquisition of Peakline at Copperleaf, a 266-unit...

Reservations for glamping sites have more than doubled between 2021 and 2022 according to Campspot, the leading online campground marketplace. Whether youre into glamping in a cabin, roughing it in a tent, or being surrounded by all the comforts of home in an RV, Campspots top camping destinations of 2022 have something for you.

From majestic mountains to turquoise glacier-fed lakes, Banff is one of the most scenic national parks in the Canadian Rockies. Hiking, rafting, and climbing are all great ways to explore this unconquered territory. Mountain Aire Resort is just a couple of hours away, offering access to fishing, ATV trails, wildlife watching, and more.

Pristine Lake Superior beaches and over 100 miles of hiking trails await at Pictured Rocks National Lakeshore. The national shoreline is named for its vibrant multi-colored sandstone cliffs, some of which feature waterfalls like Spray Falls. See it on a Pictured Rocks Cruisesboat tour, enjoy the scenery by foot, or take in Michigans serene Upper Peninsula by kayak.

Close to downtown Grand Marais on the shores of Lake Superior, Woodland Park Campground makes for a great home base. Watch the sunrise or set over the water Campspot says its the view that keeps people coming back year after year.

Home to caves and waterfalls, Hocking Hills State Park makes for some super scenic hiking. Campspot says Old Mans Cave can be reached by crossing bridges, hiking past a swirling pool of water called Devils Bathtub, and climbing a narrow set of stairs carved into the rock.

Campbell Cove RV Resort & Campground is surrounded by tall pines by beautiful Lake Logan. The family-friendly campground offers seasonal sites, RV sites, tent camping, and rental cabins in a beautiful natural setting. Its also conveniently located close to Hocking Hills attractions, such as Hocking Valley Scenic Railway, Hocking Hills Canopy Tours, and Cedar Falls, as well as restaurants, wineries, and distilleries.

Spanning more than 47,000 acres, Acadia National Park is known as the crown jewel of the North Atlantic Coast. One of the most popular national parks in the U.S., more than 2 million visitors come to Acadia to bike, hike, birdwatch, swim, stargaze, and boat in the summer, while the winter brings hikers, cross-country skiers, snowshoers, and ice fishermen.

Just minutes from Acadia National Park and the popular seaside town of Bar Harbor, Hadleys Point Campground offers quiet, family-friendly digs where you can stay in a cabin, tent, or RV amid the pines.

Bordering New Hampshire and Maine, White Mountain National Forest draws millions of visitors every year. Boasting the highest elevation in the northeastern U.S., this area is home to world-class leaf-peeping, skiing, hiking, and camping.

Conveniently located near the towns and villages of Mt. Washington Valley, Jellystone Park is an outdoorsy paradise with a vast number of scenic hiking trails (some even have hidden swimming holes and underground caves), according to Campspot. Campground amenities include a pool and an ice cream bar.

Known for beautiful beaches, quaint little towns and villages, fresh seafood, and lighthouses, Cape Cod is a relaxing summertime haven. The Capes pristine peninsula also features golf courses, charming history, and three coasts to choose from.

Situated along a spring-fed pond, Peters Pond RV Resort offers a serene environment if you want to get away from it all. But, theres also plenty of onsite activities, such as softball, horseshoes, volleyball, and bocce ball to keep guests entertained.

Famous for wild horses, Assateague Island is an Atlantic barrier island located off the eastern coast of Maryland and Virginia. At 37 miles long (but never more than a mile wide), the small strip of land is considered one of the best beaches on the entire East Coast. Lack of human development makes for an abundance of wildlife, including marsh and coastal birds. Search for seashells, explore sand dunes, and check out the picturesque Assateague lighthouse. Campspot recommends visiting the island during sunset for a truly colorful and surreal experience.

Only 8 miles away from the Assateague Island National Seashore entrance, youll find Sun Outdoors Frontier Town in Berlin, MD. Formerly known as Frontier Town RV Resort & Campground, the Western-themed campground doubles as a theme park and water park. It also features a marina, fishing, jet ski rentals, an onsite restaurant, and mini-golf.

Sparkling white sand beaches, sinking sunsets, and key lime pie are all synonymous with Key West. Sunsets are so stellar here that the island celebrates sundown every evening on Mallory Square. The southernmost point in the U.S. also sports historic sites, unique architecture, lively nightlife, and quite a culinary scene.

An hour away from downtown Key West, Sun Outdoors Marathon sits along the Gulf of Mexicos blue waters. In addition to camping, this quiet paradise offers secluded waterfront access, boat slips, and a private marina.

Filled with important history, beautiful scenery, diverse attractions, local treasures, and fun things to see and do The Ozarks, aka the Ozark Mountains, meander through Missouri, making their way down to northern Arkansas. Hiking is one of the best ways to appreciate its woodlands, limestone bluffs, and caves.

Located in the heart of the Ozark Mountains, Ozark Farms offers peace and quiet in the great outdoors. Fugitive Beach Meramec Springs are nearby, while Onondaga Cave State Park is only a 40-minute drive.

West of Austin and north of San Antonio, Texas Hill Country is where you can find Fredericksburg, wineries, Enchanted Rock Natural State Area, and plenty of bluebonnets in the spring. Its also home to New Braunfels, which features the award-winning Schlitterbahn New Braunfels Waterpark & Resort, floatable rivers, and a brand new camping experience.

Located along the Guadalupe River, Camp Fimfo puts the glam in glamping. This fun campground boasts a swim-up bar, outdoor movies, water slides, and more!

Speaking of Texas adventures, Big Bend National Park is chock-full of them! From hiking and backpacking to river trips through deep canyons and dirt road adventures, Big Bend adventures know no end. Dont forget the awe-inspiring views, brilliant star-gazing, and camping!

Stay at Roadrunner Travelers in the lively ghost town Terlingua, just a short drive away from the park. This Chihuahuan desert oasis features excellent views of Bee Mountain from each camp spot, access to hiking, and a dog park.

Named for where four states meet, Four Corners rich history and protected lands draw visitors to the Southwest. To the east is Colorados Mesa Verde National Park, where what remains of the Ancestral Puebloans stand. Tour the cliff dwellings of a civilization that lived on the Colorado Plateau for hundreds of years. Its also one of the best stargazing spots in the country. Also to the east, San Juan National Forest is home to some of the most stunning hikes in Colorado.

West, youll find Glen Canyon National Recreation Area, where you can boat Lake Powell, hike and drive the canyons and mountains, and check outHorseshoe Bendon the Colorado River andRainbow Bridge National Monument. Canyonlands National Park also lies to the west of Four Corners. One of the big five national parks in Utah, its 527 square miles feature a colorful landscape of canyons, arches, buttes, rivers, and mesas.

Durango, CO is about an hour and a half from Four Corners Monument (where you can get your picture in four states at once). Here you can stay at Alpen Rose RV Park in the peaceful Animas River Valley surrounded by stunning red rock cliffs. Note the RV part this campground only has full hook-up sites.

Located in eastern Utah, Moab is surrounded by natural beauty, rugged landscapes, and national and state parks that are ideal for photographers and outdoor enthusiasts.

The terrain is a product of erosion, with softer rock yielding to water and wind, leaving behind arches, striated canyon walls, hoodoos, and towering monuments.

Moab is a good central location for those looking to explore Canyonlands and Arches national parks. Campspot recommends Moabs Canyonlands RV Resort & Campground. Its pool allows campers to sunbathe or swim while surrounded by red rocks. Guests can also hike around the property. Choose to stay in one of the tent sites, pull-thru RV sites, or cabin rentals.

Nestled in the Sangre de Cristo Mountains and drenched with sunshine, Santa Fe offers something for everyone. Whether you are an art lover, history buff, outdoor adventurer, or foodie, youll find plenty to see, do, and eat in this high-altitude capital city about an hour north of Albuquerque.

In close proximity to the city, KitFox offers high desert glamping at its finest. From hiking and fishing to offroading and horseback riding, there is plenty of outdoor fun to be had. KitFox launched last year and has yet to release its Spring 2022 calendar for nightly stays.

Nearly 3 million tourists flock to Sedona each year to hike, mountain bike, bask in energy from the areas world-famous vortexes and dine in restaurants in spectacular settings. This upscale resort town has several must-see spots in addition to gorgeous red sandstone formations,

Rancho Sedona RV Park offers a peaceful desert setting to relax and unwind. Sedona has more than 300 days of sunshine a year, but shaded RV sites are canopied by grand sycamore and cottonwood trees. Mountain bike, hike, and fish on premises, or walk to nearby galleries, shops, and restaurants.

Named for the giant cacti it protects, Saguaro National Park is comprised of two areas separated by the city of Tucson: the Red Hills Tucson Mountain District (aka Saguaro West) and the Rincon Mountain District (Saguaro East). Take in the parks iconic southwestern landscape via scenic drive or hiking trails.

Just an hour north of Saguaro National Park, Ride Out Ranch offers scenic desert views in Florence, AZ. In addition to full-hookup RV sites, The ranch features primitive camping areas and four shed-sized tiny homes. Its called Ride Out Ranch because campers are encouraged to bring along their horses to stay in the partially covered horse stalls and take on the endless trails right outside the gates.

A college town on the scenic western side of the state, Missoula, Montana, has the best of both worlds. Minutes from the city, youve got solitude, nature, and adventure while still being close to funky local shops, a unique music scene, and plenty of eateries. White water raft the famous Alberton Gorge, or explore the city via its system of trails. Bonus: Yellowstone and Glacier National Park are both an easy days drive away.

Nestled in the heart of Missoula, just 10 minutes from downtown, is Jim & Marys RV Park. This well-manicured family-owned campground also features a made-in-Montana gift shop.

The tallest peak in Washington State and in the Cascade Mountain Range of the Pacific Northwest, Mount Rainier stands 14,411 feet above sea level and is home to the most glaciers in the country. Five major rivers originate at its glaciers, subalpine meadows surround its icy peaks, and old-growth forests cover its lower slopes. Mount Rainier National Park strives to preserve this unique and diverse ecosystem. The best way to experience its towering forests, crystal-clear alpine lakes, cascading waterfalls, rushing rivers, and world-famous wildflower meadows is by hiking through it all.

A 15-minute drive from the Nisqually Gate entrance (the only one thats open year-round) Elkamp Eastcreek lies among the trees at the foot of Mt. Rainier. Just a couple hours away from Seattle and Portland, its park-like grounds are the perfect place to stay during your Western Cascade getaway.

Hood River is situated between the Columbia River Gorge and the Cascade Range. Scenic hiking and biking trails and waterways display the Pacific Northwests natural beauty. Skiing, kiteboarding, and windsurfing are popular sports here. Its also home to some of the regions best wineries, craft breweries, and farm-to-table restaurants.

Although Gorge Base Camp overlooks the Oregon town of Hood River, it is located on the Washington side of Columbia River Gorge. Tent and RV sites are available.

From white-sand beaches to fantastic restaurants, sunny San Diego offers so much to see and do. Head downtown to the Gaslamp Quarter and sing your heart out at The Shout! House dueling piano bar. Drive over to Coronado and have a drink at the Hotel del Coronado as you watch the sunset over the Pacific.

Southern Californias newest, upscale resort, Sun Outdoors San Diego Bay is on San Diego Bay in nearby Chula Vista, right next to Living Coast Discovery Center. It has RV sites as well as cottage rentals, plus amazing onsite amenities. The pool has private cabanas, theres an arcade and outdoor activities like pickleball, a market, and onsite eateries.

Speaking of SoCal escapes, Palm Springs is just a couple of hours away from Los Angeles and San Diego. This posh resort town is home to quirky historic hotels, the largest concentration of mid-century modern architecture in the world, creative cuisine, and stunning natural landscapes. Its boutique hotels, luxurious resorts, and vacation rentals can cost a pretty penny though, so why not try camping in the charming nearby town of Indio?

Just half an hour from Palm Springs and Joshua Tree National Park, Indian Wells RV Resort offers mesmerizing mountain views. No RV? No problem! In addition to 300 RV sites, one- and two-bedroom vacation rentals are available. Indian Wells amenities include a pool, hot tub, clubhouse, gym, mini-golf, dog park, yoga, and more!

Dubbed Alaskas Playground, the Kenai Peninsula wilderness is a nature lovers paradise. Its also a fishermens paradise, with the famed Russian River offering some of the worlds best salmon fishing. At the edge of the peninsula, Kenai Fjords National Parks landscape, carved eons ago by glacial ice, is a protected space preserving a unique blend of glaciers, marine and land wildlife, and snow-capped mountain fjords.

Situated on the bluff overlooking the famous Kenai River and Cook Inlet, between the town centers of Soldotna and Kenai, Diamond M Ranch Resortmakes for a perfect home base for your Alaskan adventure with easy day trips to Seward or Homer. In addition to spacious, full hook-up RV sites, the resort offers tent sites and cute-as-can-be Main Street historical suites, designed to represent Alaskas Last Frontier.

The rest is here:
22 Best Places To Camp In 2022 - TravelAwaits

THORNHILL

Location: 70 Parr Place,

Bathurst St. and Flamingo Rd.

Asking price: $7,480,000

Size: about 8,200 sq. ft., plus about 4,000 sq. ft. finished lower level

Lot: 100-by-226 feet, attached four-car garage, private drive, inground pool

Taxes: $21,348 (2021)

Bedrooms: 6 plus 2

Bathrooms: 10

Part of the upscale, gated community Burbank Estates, this two-storey residence has over 12,000 sq. ft. of finished living space with 10 bathrooms, six bedrooms with ensuites and walk-in closets, five fireplaces and 11-foot ceilings.

Additional features include polished limestone floors, Brazilian cherry hardwood floors, and a finished walkout lower level with a wet bar, a billiard area, and a gym.

Finding a safe neighbourhood with a sense of community, with great schools, and proximity to Toronto was important to us, says homeowner Elaine Newton.

The layout of our home has been perfect for both raising our family and for entertaining. Our house is on a half-acre lot with a large in-ground pool with a built-in hot tub, a loggia, a playground, multiple seating areas, a basketball court, and a cabana with wet bar and washroom, added Newton.

The home is also near parks, golf courses, restaurants, shopping, and easy access to Hwys. 7 and 407.

This property stands out with its wrought-iron gates and fencing, and manicured grounds. The home was custom-built with exceptional quality, featuring built-ins throughout, oversized windows, and an open-concept kitchen and breakfast area, says listing agent Voula Argyropoulos, who adds there is also a four-car heated garage.

This L-shaped estate features a stone and stucco exterior, an impressive, covered double-door entrance with a balcony above, a second covered entrance, a varied roofline with multiple peaks, arched windows, and interlocking drive and walkways.

Inside, the grand foyer features a two-storey ceiling with a large crystal chandelier, limestone floor with inlay, and a double closet.

Living room highlights include a floor-to-ceiling window, a limestone floor, a gas fireplace with a detailed plaster surround and mantel, and wall sconces.

The formal dining room contains a limestone floor, crown moulding, a crystal chandelier, and a double garden door walkout.

A large centre island/breakfast bar is a highlight of the kitchen that also has crystal chandeliers, granite counters, a pantry, a built-in desk, high-end steel appliances, and a breakfast room with hardwood floor, tray ceiling and curved wall of windows.

The adjoining family room has a hardwood floor, a tray ceiling, a gas fireplace, built-in shelves, and two double garden door walkouts.

Double French doors open to the office with built-in shelves.

On the second floor, the primary bedroom showcases a large seating area surrounded by a curved wall of windows, a gas fireplace, two chandeliers, a balcony walkout, walk-in closet and a seven-piece ensuite.

This floor includes five more bedrooms with ensuites and walk-in closets.

The walkout lower level has a rec room with floor-to-ceiling built-ins, a wet bar, an open-concept games room, a gym, two bedrooms and two three-piece bathrooms.

To have a look at this property please contact the listing agent Voula Argyropoulos, Hammond International Properties, Brokerage, 416-795-4999; http://www.70parrplace.com/.

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Home of the week: Luxe $7.48 million Thornhill estate is built to entertain - Toronto Star

For those of us old enough to have driven in the 1900s-- it's weird to say that-- do you remember the first time you ever drove across the old Sikorsky Bridge? I was thinking about it the other day, and I was terrified.

The original Sikorsky Bridge was completed in 1940,named after aviation pioneer Igor Sikorsky to honor him and his factory, which still thrives just north of the bridge in Stratford. The Sikorsky Bridge carries RT. 15, better known as the Merritt and Wilbur-Cross Parkways, across the Housatonic River between Stratford and Milford.

If you drive across it now, in 2021, you don't give it another thought-- why? Because it's not the same bridge.

The original Sikorsky Bridge was demolished in the early 2000s and replaced with what is now known as the Igor I. Sikorsky Memorial Bridge.But if you drove across it in the 1900s, it was an old, steel deck bridge, and your tires sang as you drove across it, giving the Sikorsky the nickname of "The SingingBridge." Even in dry weather, your tires slipped a little bit across the grooves, and if you looked down as you were driving across, you could see right through the steel to the 85-foot drop and the Housatonic River below.

I was a traffic reporter back in 1991, and the route that I had to drive was I-95 and Rt. 15 between New Haven and Greenwich. Every time that I had to drive across that span on I-95, the tragic events of the Mianus River Bridge collapse in Greenwich in June, 1983,duringwhich three motorists unfortunately lost their lives, echoed through my mind and also when I drove across the old Sikorsky Bridge. Every time.

Now, in 2021, I don't even notice that I'm driving across it. The only thing on Rt. 15 that makes me any kind of nervous today? Driving through Heroes Tunnel, the formerly-named West Rock Tunnel.

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Continued here:
Remember How Scary It Used To Be Driving Over the Sikorsky Bridge? - i95rock.com

While over 270,000 square metres of new office space entered the market in the countrys biggest cities in 2019, this year the figure will not reach 90,000, iDnes.cz said, citing consultants Cushman & Wakefield.

Photo: Tom Adamec, Czech Radio

Interest in new offices in Prague and Brno already declined significantly last year, when the switch to work from home showed many companies that they did not need to rent as much space, the news site said.

Experts believe that this factor, combined with a shortage of construction workers, has also impacted developers, who are re-evaluating some planned office projects.

Josefna Rybov of real estate consulting company JLL told iDnes.cz that construction projects had been suspended even before the pandemic due, to rising construction costs. The present low level of new construction is the result of the brakes having been put on for two years, she said.

On the Czech Republics largest market, Prague, less than 70,000 square metres of new office space will be created in 2021, while the long-term average is about 150,000 per year.

According to estimates, the number of new offices in Brno this year should be half that seen last year and approximately two thirds less than in 2019.

Photo: Alex Kotljarskyj, Unsplash, CC0

The head of Cushman & Wakefields leasing team, Radka Novak, told iDnes.cz that there will not be many more new projects in 2022 than there were this year.

Optimism is gradually returning and several relatively large projects have already begun to be built; however, their completion is not expected until 2023, she told the news site.

Leo Anderle, CEO of developer Sekyra Group, told iDnes.cz that it was necessary to take into account that the construction of such structures cannot take place overnight. If work starts on an office this year, it may be completed in two years, he said.

Banks are also cautious about providing loans to build office projects and developers are waiting for a time when they will be able to use pre-agreed rental deals as a source of financing, Martin Striko of JLL told the news site.

There is currently more free office space in Prague since at any time since 2017, Cushman & Wakefield said.

Read more from the original source:
Interest in office space down as new building construction slows markedly - Radio Prague

A whole new Manhattan skyline will emerge when a dozen-odd planned new projects that have yet to break ground hoist their final I-beams.The big question is: Which, if any, of them will actually start construction in 2022?

A glance at the wish-listgives no hint that the citys real estate destiny, including the fate of tiny apartment buildings, might depend on beating a pandemic that shows no sign of abating.

But developers made their moves years ago. They bought land and air rights, cobbled together financing and signed architects. Some nailed down city zoning and other approvals. Some demolished old structures in the way of their ambitions.

But its a long way from those crucial steps to bringing in the backhoes and shovels. Heres a look at where some of the future jumbos are right now:

The mega-tower planned for the Grand Hyatt Hotel site on East 42ndStreet known as175 Park Avenue got its governmental green light his month when the City Councilapproved a zoning change to allow construction of the $3 billion-plus mixed-use mammoth rising to 1,575 feet.

To exploit East Midtown size-bonus rules, developers RXR Realty and TF Cornerstone will pay for and build hundreds of millions of dollars in Grand Central-area transit/pedestrian improvements and also provide 25,000 square feet of free-to-the-public outdoor terraces programmed for arts and cultural uses.

But dont look to the sky just yet. A spokesman told us, Now that the entitlement process is complete, the developers will spend next year arranging construction financing and reaching out to potential tenants, with plans to start demolition in 2023.

Nearby in the Grand Central area, demolition has begun at343 Madison Avenue, the former MTA headquarters. Boston Properties plans a 1,050-foot-tall tower with more than 800,000 square feet of offices and significant retail. It will also feature numerous underground pedestrian connections to Grand Central Terminal which Boston is providing in exchange for a size bonus under new East Midtown rezoning rules. The project received its City Council green light last month.

However, theres no word yet on when ground-up construction will begin.

West 57thStreet between Fifth and Seventh avenues aka Billionaires Row is without question the most active location for major new projects. Awaiting their marching orders are the empty lots at41-47 W. 57thand12 W. 57th St., as demolition proceeds one block west at125 W. 57thSt.

The No. 125 site was home to the Calvary Baptist Church and the Salisbury Hotel. As we reported in June, the church will be restored and enlarged when a new, 26-story mixed-use tower developed by Alchemy-ABR Investment Partners, financial partner Cain International and the church itself is finished in 2024.

Ground-up construction is to begin soon on the $350 million project once demolition, now underway, is complete. The new tower will include 185,000 square feet of office space. It was delayed when a lender pulled outin March 2020, forcing Alechemy-ABR to find new financing, but all the hurdles have been cleared.

Between Fifth and Sixth avenues, the company founded by Sheldon Solow is demolishing old structures to make way for12 W. 57th, a 670-foot-tall, white marbleluxury condo tower with a retail base, designed by SOM architects. Two buildings are yet to be razed, including the original Henri Bendel address. Solow passed away in November 2020, but his son Stefan Soloviev, who reorganized the various Solow entities under the new umbrella of Soloviev Group, seems no less eager to build.

Meanwhile, excavation is expected to begin soon at another large site, 41-47 W. 57th, where developer Sedesco plans an 1,100-foot-tall mixed-use tower with 119 condo units, a 158-room hotel and a large restaurant. YIMBY reported last week that thanks to an agreement with the MTA, Sedesco is to receive an acre of extra floor space in exchange for building new, disabled-accessible elevators for the 57thStreet F train station.

Meanwhile, Rudin Management is gearing up to demolish anold building at East 48th Street to make way for 415 Madison Ave., a planned 605-foot tower with 343,100 square feet ofoffice space. Rudin first needs city approval for an air rights transfer and for a size bonus in exchange for transit/pedestrian amenities not unlike Bostons plan for 343 Madison. The project will include a retail pavilion and a public concourse. A Rudin rep said, Theyre working to complete ULURP early next year.

See more here:
NYC developers poised but hesitant to break ground on slew of projects - New York Post

Plans are in the works for a new building with 14 residences and two offices at 214 Red Cross St. (Port City Daily/Alexandria Sands Williams)

WILMINGTON Before bulldozers can push dirt, developers must receive the A-OK from the city on their plans for construction.

Several property owners in the past few weeks have taken the step to seek that approval, submitting site plans for their projects to Wilmingtons Technical Review Committee. The group of city staffers works with local developers to ensure construction plans are in line with the mandated regulations and standards.

Below are four plans submitted to the TRC in December, and what we know about the forthcoming developments:

Perkins Goodbye Hugs has its sights set on a new home to help send furry loved ones over the rainbow bridge.

The crematory business, currently located in a Netherlands Drive suite, has submitted construction plans for a new building at 1 Lame Street, conveniently located next door to an emergency animal hospital.

RELATED: Wilmingtons first aquamation facility opens

Co-owner John Best indicated he and his partner are still working out details, and a construction timeline is not yet flushed out due to fluctuating building prices. Site plans show a proposed two-story building, spanning 2,280-square feet on the quarter-acre vacant lot.

The move is expected to give customers a better and more intimate experience, Best explained.

Honestly, where we are right now, we dont have a great place for customers to come in and spend some time and have some privacy, he said.

The business opened in 2004 and traded hands in August 2019. Perkins will lay to rest any domestic companion, from dogs to turtles, in both private and communal cremations.

A 16-unit, multi-use building is proposed for a vacant lot on Red Cross Street. The development is expected to go up on a sliver of land, sandwiched between neighboring multi-family buildings and a Cape Fear Community College office.

Located at 214 Red Cross Street, the almost 1-acre piece of property was sold by T P1 LLC in September 2020 for $300,000, according to property records. Port Property Management, a Maine-based company, is connected to the project.

The proposed three-story building, with a basement, would encompass 14 one-bedroom units and two offices. It would span 2,730 square feet per floor.

Riverlights is seeking approval for 16 townhome buildings, containing a total of 43 units, on Watercraft Ferry Avenue. The 4.25 acres in question is between Mosby apartments, River Road, the Lake House Community Center and the communitys lake.

RELATED: Riverlights hops on growing build-to-rent trend with multifamily village

The recently submitted site designs are just one portion of the greater plan for Riverlights, an approximately 1,400-acre, up-and-coming, mixed-use community. Once complete, Riverlights will contain 3,000 residences.

The community includes single-family, patio, multi-family and townhomes as well as commercial space, eight public parks and access to the Cape Fear River.

Vivo Investment Group, a company transforming dying hotels into affordable housing across the country, has submitted its conversion plans for the 7.7-acre property currently home to Budgetel Inn.

City council previously approved the necessary rezoning to convert the 224-room hotel, located at 4903 Market Street, into a 234-unit apartment complex.

Inside the existing two-story buildings, each room will be renovated into a one-bed, efficiency apartment. The design for the 278- and 352-square-feet units combines the living and sleeping rooms and includes one bathroom.

READ MORE: Nuisance hotel in Wilmington may transform into tiny apartments

Send tips and comments to info@portcitdaily.com

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Who's building in Wilmington? Pet crematory, Red Cross St. apartments, Riverlights townhomes among plans - Port City Daily

U.S. Customs and Border Protection has been authorized to start cleaning up construction sites and close small gaps in the southern border wall nearly a year after President Joe Biden took office and ordered building to stop.

Homeland Security Secretary Alejandro Mayorkas said in a statement this week that wall building projects begun by the Defense Department within the Border Patrols sectors in California, Arizona and parts of Texas will be turned over to his agency so any safety and environmental concerns can be addressed.

Work will include installing drainage systems to prevent flooding, erosion control and slope stabilization, construction and improvement of access roads and removal of building materials that will no longer be used.

It was unclear when cleanup and any remediation work will begin.

CBP will also close any small gaps that remain open from prior construction and finish work on incomplete gates, including inoperable storm gates that need to open during the rainy season.

Mayorkas said the the Biden administration is still calling on Congress to cancel any remaining border wall funding left over from former President Donald Trumps time in office and instead fund technology and other kinds of border security measures it considers more effective.

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U.S. Customs and Border Protection authorized to clean up wall construction sites, close gaps - KTLA

San Francisco housing development in 2022 will be the year of the mega-project.

Even as smaller projects are stuck in limbo due to market uncertainties and astronomical construction costs, the citys colossal multi-phased projects like those at Treasure Island, Mission Rock, Pier 70 and Power Station will steam full speed ahead. Streets are being laid out, sidewalks poured, trees planted, streetlights installed and buildings are sprouting from the ground.

Nowhere is this more apparent than Treasure Island, where, after two decades of planning, the first residents will move into new buildings on both the main island as well as the adjacent Yerba Buena Island in 2022.

On Treasure Island Swords to Plowshares and Chinatown Community Development Center will debut the 104-unit Maceo May Apartments late in the year, apartments that will house some formerly homeless veterans. On Yerba Buena Island, Wilson Meany will open The Bristol, a six-story, 124-unit condo project over looking Clipper Cove and the eastern span of the Bay Bridge.

But the creation of a new 8,000-unit neighborhood on the 400-acre island will only accelerate after the first two buildings open. Treasure Island could see work start on as many as 985 units in 2022, including Tidal House, a 20-story apartment tower. A new ferry terminal will open in January offering residents a 5-minute cruise across the bay to the Ferry Building, according to Wilson Meany Partner Chris Meany.

We cant wait to welcome residents early this spring to become a part of this exciting new residential community, said Meany, whose firm is the master developer for the island.

At Mission Rock, across the Lefty ODoul Bridge from AT&T Park, Tishman Speyer and the San Francisco Giants are rapidly transforming an 11-acre surface parking lot with three new buildings one residential, one biotech and one slated to be Visas new corporate headquarters.

Construction crews pour concrete in a section of the new Mission Rock development near Oracle Park in San Francisco, Calif., on Wednesday, April 7, 2021. The development, a collaboration between the San Francisco Giants, Tishman Speyer, and the Port of San Francisco is building with the impending sea level rise in mind and elevating the ground level.

Construction started December of 2020 on the first two buildings, Visas corporate headquarters and Building A, a 23-story apartment. That was followed by a life science building on Third Street. In 2022 work will start on a fourth building, a 255-unit apartment complex designed by Studio Gang, as well as the five-acre China Basin Park.

We are trying to deliver the park and the four buildings as close together as we can, said Carl Shannon, senior managing director with Tishman Speyer.

All told, work could start on some 3,000 units spread across the citys mega-projects, often former industrial or military properties that require a multi-phase approach and infrastructure work like streets, sidewalks, parks and utilities. About 1,300 units are expected to be completed as part of these projects in 2022, including about 300 units at 5M the 4-acre development next to The Chronicles newsroom at 901 Mission St. and 350 apartments that represent the first phase of a project Local 38 Plumbers and Pipefitters is building with Strada Development at 1621 Market St.

Construction takes place on the steel beams at the top of the 415 Natoma St. office building, part of the 5M development project, in SoMa, San Francisco, Calif. on Friday, Feb 5, 2021. The 640,000-square-foot office building recently topped out.

Breaking ground will likely include 708 deeply affordable apartments built at three different public housing complexes 357 at Potrero Hill Annex and Terrace, 183 at Hunters View in Hunters Point, 168 at Sunnydale. At Power Station, a former power plant on Dogpatch waterfront, construction crews are busy restoring the historic 19th century power plant in 2022 grading will be completed and utilities installed.

Our major projects are starting to produce the new homes, open spaces and jobs that weve counted on for years, said Judson True, Mayor Breeds Director of Housing Delivery, who has focused on pushing the mega-projects forward. We still have more to do, but were working with all the City departments closely to help these future neighborhoods take shape.

But while several of the citys largest projects keep on trucking, others are stuck in neutral. The redevelopment of Parkmerced, slated for 5,600 apartments, still has not started, more than a decade after it was approved by the Board of Supervisors. Work at Schalge Lock, on the citys border with Brisbane, has been delayed due to the pandemic, while the 12,000 unit development at the shipyard and candlestick point has been mostly on hold with the exception of one 77-condo building.

And the future for many smaller projects that dont involve public-private partnerships or spread risk out over a decade is even less certain. Stalled projects include an apartment complex slated for 9th and Mission, a tower approved at Market and Van Ness and several mixed-use projects in the South of Market.

While Tishman Speyers twisty, white Mira condo development near the Embarcadero has done well since it opened last year its 70% sold Senior Managing Director Carl Shannon said that the math is not working at the moment for a typical housing project.

Mira condo tower (middle) at 160 Folsom St. seen on Friday, Oct. 25, 2019, in San Francisco, Calif.

Construction costs have gone up a lot, and even though rents have recovered somewhat, the generic market rate project in San Francisco doesnt make sense today, said Shannon. You would need rents to go up or construction costs to go down.

John Manning, who heads up commercial real estate financing for Avison Young, said there are very few housing developers looking for debt or equity for new San Francisco projects. Part of that is because sites where projects have been approved are clustered in downtown areas like Civic Center, South of Market and the Tenderloin all neighborhoods that continue to struggle with empty office buildings, vacant storefronts and open air drug dealing.

Neighborhoods that have bounced back more successfully from the pandemic like the Sunset, Haight-Ashbury or the Marina dont have any approved projects ready to break ground.

The areas where development is allowed are, generally speaking, those that have been hit hardest in terms of rental rates and condo values, Manning said. To break ground on a new project would require a vision and confidence that things are going to pop back up to an extent that is hard to imagine right now. Thats not something Im hearing a lot of.

The fact that so many infill projects are not going forward doesnt bode well for housing production over the next few years.

This year the city is on track to open about 4,500 units, most of which started construction prior to the pandemic. Another estimated 5,800 units are under construction, most of which will wrap up in 2022 or 2023. That is a lot less than the high of 10,000 units that were being built in 2016 or 2017. The data suggests that 2022 and 2023 could be lean years in terms of completions, with less than about 3,000 new units a year, according to city data.

Rudy Gonzalez, secretary treasurer of the San Francisco Building Trades Council, said he is optimistic that some of the big projects will help some of the 1,300 union construction workers who are currently out of work. But he said that the fact that downtown office buildings are still largely empty because of the pandemic is hurting plumbers and pipefitters and electricians who rely on tenant improvements in corporate space for about 50% of their work.

Mission Rock is beautiful. Treasure Island is beautiful, he said. But all the (tenant improvement) work generated from the buildings downtown? At the end of the day we are just not seeing downtown come back to life.

Meanwhile housing development battles continue to rage at city hall. San Francisco Board of Supervisors recently made national news for rejecting over 800 housing units proposed for the Tenderloin and South of Market.

Partly in response to that, Mayor London Breed has introduced a charter amendment that would allow some code-compliant projects to bypass the citys famously difficult approval process.

Working people like our nurses, teachers, and even the construction workers who build our homes are suffering because we havent built enough housing for decades, said Breed. Even with the progress on moving large projects forward, we have to make fundamental changes to how we approve and permit housing in San Francisco so families can afford to stay here.

J.K. Dineen is a San Francisco Chronicle staff writer. Email: jdineen@sfchronicle.com

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SF has a slew of mega housing projects on track for 2022. Here's what it could mean for the city - San Francisco Chronicle

Express News Service

THIRUVANANTHAPURAM: As the IT industry and investment scenario picks up pace, the first SEZ (Special Economic Zone) building coming up as part of Embassy Taurus TechZone at Technopark phase-III here will be ready by November 2022.

Interestingly, 50 per cent Niagara, the 1.5-million-sq-ft office building, has been leased out even before its completion. Currently, eight out of 11 floors of the building have been built and the construction is going on in full swing to complete it by the deadline.

It is part of the project, Taurus Downtown Trivandrum, a mixed-use development project by Boston (US)-based Taurus Investment Holdings and its partners. The project is expected to be a game-changer for the states IT industry as the building will have several reputed multinational tech firms. Taurus Yosemite, a non-SEZ project, too has been leased out 50 per cent before its construction has even started.

Sources privy of the projects progress say the leasing of Niagara also includes the largest office space deal done in a tier-II Indian city. A twin building, Victoria, will come up near the Niagara building having the same square footage and number of floors. This SEZ building is expected to break ground from November once Niagaras construction is over. The Taurus Yosemite project will have 0.62-million sq ft of non-SEZ office space and is expected to be completed in the third quarter of 2023.

Besides IT office spaces, there will be a 1.3-million sq ft mall, Taurus Zentrum, which will provide the employees and the public a retail, entertainment and hospitality experience. It is expected to be the largest mall in the region in terms of Gross Leasable Area (GLA) and is likely to be completed in 2024. Asset Taurus Identity, a residential project having service apartments and a 155-keys hotel are also part of the project.

Taurus Downtown Trivandrum is a flagship project of Taurus Investment Holdings in India and is very vital for our future investments in the country. We are excited about the exuberant market response to the project and the pace at which construction is progressing. We are confident of attracting more companies to the city through the project, said Anil Kumar, COO & senior vice-president, Taurus India.

The project will include a world-class water conservation system and a waste management system based on latest technologies. It is being designed as an energy-efficient green infrastructure with a significant part of energy generated from solar power. The buildings will also be equipped with adequate EV charging points. Yosemite and Zentrum have been registered for Gold WELL certification for clean and healthy working environment.

Keystone, an 800-seat incubation facility, is designed to assist businesses with initial work and getting them up to speed, before their office spaces become operational.The first of its kind IT/ITES office facility in Kerala is also the first functional office space building in Embassy Taurus TechZone, the 3-million sq ft SEZ office space being jointly developed by the Embassy Group and Taurus Investment Holdings.

The spaces are equipped with meeting rooms, conference rooms, a cafeteria, fire alarm and fire protection systems, 100% power backup and a building management system for efficient operation. Chief Minister Pinarayi Vijayan launched the Rs 2,000-crore Taurus Downtown project in 2018.

Original post:
First special economic zone IT office space of Taurus by November 2022 - The New Indian Express