apartment Archives

One of nation’s largest apartment owners buys three Salisbury complexes – Salisbury Post

October 15, 2020 del piero

SALISBURY — One of the nation’s largest apartment owners and operators has announced the acquisition of three complexes in Salisbury.

Alexander Station, Ashton Woods and Lakewood Apartments were three of 18 communities in the Carolinas acquired as a part of a $323 million transaction by Morgan Properties, the fifth-largest apartment owner and operator in the U.S. Morgan Properties is based in King of Prussia, Pennsylvania, and owns more than 250 apartment complexes in 14 states.

In a news release, Morgan Properties President Johnathan Morgan indicated that the potential for population and job growth in the Carolinas was the driving force behind the acquisition.

“Despite 2020 being an unprecedented year, this acquisition shows our continued confidence in class B, value-add multifamily fundamentals, the strength of our business and talented team, and our eagerness to grow our portfolio,” Morgan said in a news release. “The Carolinas are fast-growing markets that offer

Cleveland approves tax breaks topping $100,000 a year for new apartment building

October 8, 2020 del piero

CLEVELAND, Ohio – Cleveland City Council has approved tax incentives topping $100,000 a year for development of an 83-unit apartment building in Tremont.

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Sustainable Community Associates has proposed a $24 million, four-story building known as the Lincoln Building at Scranton Road and Willey Avenue. It also would have about 6,500 square feet of commercial space.

The council on Wednesday approved a 30-year tax-increment financing package that will divert property taxes generated by the Lincoln Building toward improvements to the property. Mayor Frank Jackson signed the legislation Wednesday afternoon.

The value of the finance package is expected to be slightly less than $143,500 a year. It will be based on the assessed value of the completed building. The financing package does not affect Cleveland schools, which is expected to gain about $215,000 a year in new taxes from the building.

Since the project involves new housing, it qualifies for

Dorinda Medley Shows Dressing Room in NYC Apartment

October 7, 2020 del piero

From a flood to a total gut renovation, Dorinda Medley dealt with some logistically wrought home projects during Season 12 of The Real Housewives of New York City. But these days, the aerobics enthusiast is finding some time to relax in areas of her home that don’t need an ounce of improvement — and that includes an enchanting space that’s packed with sparkles.

In a recent Instagram snap, the RHONY alum shared a look at the dressing room in her New York apartment. With colorful, patterned wallpaper and a starburst chandelier, the space also has a window overlooking the city skyline. Colorful pieces of furniture included a pillowed yellow chair and a tufted midnight-blue ottoman.

Along the walls, there were bookshelves, piles of necklaces organized by color, and golden racks holding ornate jackets. “My magical dressing room filled with sequins!” Dorinda wrote in her caption.

And in the comments,

Apartment Leasing is Coming Back to Life

October 3, 2020 del piero

Apartment leasing appears to be on the rebound.

The indicator showed signs of improvement in the third quarter, according to a new report from RealPage, and other recent data also showed healthy activity in the space, possibly pointing up the beginnings of recovery for the second half of 2020.

Greg Willett, chief economist at the real estate technology and analytics firm expressed cautious optimism. “While the US economy has a long way to go before it’s fully healed, there’s enough job production to allow new household formation to return in some areas, so apartment demand is back,” he said in prepared remarks.

Occupied apartments climbed by nearly 147,000 units, outpacing absorption in the second quarter by more than four times. Even more promising, demand in Q3 increased by 8% year-over-year.

This research comes on the heels of AppFolio data that also found improvement in apartment leasing after the first six

Crystal Sinclair Designs a New York Apartment With Nods to Paris

September 30, 2020 del piero

“He loves Paris and he really loves to cook” is how designer Crystal Sinclair describes one well-traveled client of hers who recently tapped her to design his one-bedroom apartment in Manhattan’s Morningside Heights. But don’t expect any bistro signage or on-the-nose French memorabilia here: “He wanted to keep it from reading too Paris-themed but still have that feel,” recalls Sinclair. So, the designer doubled down on the details, highlighting architectural elements that channel old Parisian apartments, pulling in textures and colors that would (subtly) evoke some of the homeowner’s favorite haunts, and pairing statement vintage furniture with modern pieces for the kind of effortless mix the French are so good at.

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SEAN LITCHFIELD

Sinclair set a dramatic tone off the bat with the dark entryway, which sets the perfect backdrop for a painting by Holly Addi. On the ceiling, a black-and-white map of Paris provides an understated hint

Rock Hill SC home, apartment plan for Catawba River at I-77

September 30, 2020 del piero

Rock Hill

The Marvell plan is back, new and improved, with its sights set on the Rock Hill shoreline of the Catawba River.

Fiorenza Properties has almost 42 acres at the end of Riverchase Boulevard up for a proposed zoning change. The city planning commission voted in favor of the zoning change on Sept. 1. Now it goes to city council.

City council has a workshop planned for Sept. 10. Its next regular meeting follows on Sept. 14.

It’s a similar process to what happened a year ago, though the developer is seeking a different outcome.

“I’m hoping at this point the traffic concerns have been addressed,” said Adam Fiorenza with Fiorenza Properties.

Last summer Marvell proposed a mix of 200 apartments, 70 patio homes and 40 single-family homes on riverfront land where I-77 crosses the Catawba River. It was billed as a new, modern gateway

Dauphin County man charged after firing gun in apartment, damaging neighbor’s home

September 27, 2020 del piero

A Hummelstown man is charged with discharging a firearm after he fired a gun in his apartment, which traveled into the neighboring unit.

According to Hummelstown police, officers were called to 35 East Second Street for a gunshot in an apartment building.

Responding officers went to the apartment where Roque Stella-Colon, 18, said he fired one gunshot inside his home by accident, according to police.

Stella-Colon said he hide the firearm outside by a garage, according to police.

Police determined the bullet traveled through a headboard, drywall and tv in the apartment next door, before stopping on some clothing.

An 11-year-old in the neighboring apartment suffered a cut to the chin from flying debris, police said.

Stella-Colon is charged with discharge of a firearm into an occupied structure, recklessly endangering another person, tampering with evidence.

Stella-Colon is being held at Dauphin County Prison on $5,000 bail.

Tour Celerie Kemble’s New York City Apartment

September 21, 2020 del piero

“It’s been like this my whole life-I walk into a place and immediately know that my destiny is to live there.”

So it was the first time that Celerie Kemble set foot in the New York apartment she now calls home. The designer had spent the previous few years splitting her time between two apartments; rather than shuttle their kids back and forth, she and her ex-husband took turns staying with them in their family home uptown, and on off weeks, she’d retreat to a pied-à-terre in the West Village. “I wasn’t going to move the kids until I found somewhere I knew they’d love,” Kemble says. “They’re lucky that they’ve grown up in these layered, collected homes—I didn’t want them to see cardboard boxes and drywall.”

After searching hundreds of listings online, she found the one: a three-bedroom rental in Chelsea, with high ceilings, soaring views, and a rooftop

Manatee approves 315-unit apartment complex on floodplain

September 16, 2020 del piero

Manatee

It’s not the developer’s job to resolve an area’s flooding issues, the Manatee County Commission said as it approved a plan to build an apartment complex within a known floodplain.

Developer Carlos Beruff’s Medallion Home asked the Board of County Commissioners to rezone about 37 acres of land to allow a 315-unit complex in an area surrounded by single-family homes. The site is on the northeast corner of Whitfield Avenue and Lockwood Ridge Road.

Nearby residents argued that flooding concerns should prohibit the development, which would be built along Rattlesnake Slough, an area with a known history of flooding.

“There’s not enough for neighborhood compatibility, there’s not enough to give assurances to you to solve flooding threats for surrounding homeowners,” said Dan Lobeck, an attorney representing neighbors who were opposed to the project.

But the project planners argued that the developer isn’t required to fix local flooding problems. According

Buying an Apartment in Montevideo’s Ciudad Vieja (Old City)

September 10, 2020 del piero

Would you like to know about a historic district where you can still find apartments at reasonable prices?

It’s Montevideo’s Ciudad Vieja (Old City) in Uruguay.

Ciudad Vieja is the original eight-by-14-block site where Montevideo was founded in 1730. Today, it’s one of 62 neighborhoods in a city that’s grown to 1.4 million people.

Despite the passage of time, Ciudad Vieja maintains its historic character, which includes the city’s original plazas and period architecture.

And it’s in Uruguay—the most stable and peaceful country in the region.

In looking around Ciudad Vieja, I find attractive one-bedroom apartments listed for sale between $100,000, and $130,000. This includes apartments in refurbished period buildings and apartments in newer buildings. I also find tempting two-bedroom apartments priced between $130,000 to $160,000.

About Montevideo’s Ciudad Vieja

Ciudad Vieja is a mixed-use area. As the city’s historic center, it attracts a crowd of travelers. It’s also a