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A developer is proposing a $50 million, 14-story luxury apartment building at 4490 Lindell Boulevard, in the Central West End.
Covington Realty Partners, of Clayton, wants to put the tower on the site of the Optimist International headquarters, comprised of two structures, one built in 1961 with an addition completed in 1979. Officials said the Optimists are looking to relocate their 30 headquarters employees to a smaller building in the neighborhood.
According to Covington's plan, the new tower of brick, stone and stucco would have about 200 apartments designed to allow their sale later as condos. Resident parking is planned on the first two levels and below grade.
Officials said Covington hopes to acquire the Optimist International site and begin construction in January. Construction would take 22 months.
Next up for Covington is an appearance next week before the Central West End Development Committee, which is scheduled to hear the developer's proposal to demolish the Optimists building. The committee is part of Park Central Development, the area's local development corporation.
Brooks Goedeker, Park Central's executive director, said the committee wants to make sure that if the Optimists building is razed, it's replaced with something that enhances the neighborhood.
We want to make sure it's the highest-quality project, he said.
Covington's development site is a block east of where Opus Development plans to build a 12-story apartment building, at Lindell and Euclid Avenue.
Tim Bryant covers commercial real estate, development and other business stories for the Post-Dispatch. He blogs at Building Blocks, the Post-Dispatch development blog.
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Apartment tower proposed for Lindell Boulevard
By Barrett Phillips
Samuelson Development has started construction on two apartment buildings and a community center.
John Samuelson, project manager said the first building will have 99 units being a mixture of one and two bedroom apartments. It will be 88,000 square feet and house 200 people.
The second apartment building will be smaller at only 50 units and 50,000 square feet. The first apartment building along with the community center will be completed around November first; along with the second apartment building being completed around February of next year.
"You got a whole view of the hills. This will be a four story building, so you can see into the downtown area. So, you have the conveniences of Walmart and all the shopping," said Samuelson.
The complex will be called Copper Ridge Apartments. Units will range in price from $600 to $1,200.
The complex will also have an outdoor pool, theater room, and full fitness facility.
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Local contractor creates more housing near Rapid City's new Walmart
The unfinished Berkman Plaza II drew no bids in Tuesdays auction. Now its owner will look for a developer to buy and finish the project.
Choate Construction of Atlanta, the general contractor for the building, received the property in a $10.2 million foreclosure judgment. But Mike Hampton, the companys chief operations officer, said he doesnt expect to receive that much.
I would love for someone to make it work at $10 million, he said. But the numbers that were floating around a year ago said no.
There is more money out there, he said, but it depends on how much someone believes in Jacksonville.
And Hampton said he has had interest.
Thereve been people sniffing around after hearing that theres a good deal out there, he said. I think some guys have gone down and kicked the tires.
I dont know if Jacksonville is a secondary or tertiary market, but there seems to be a pretty good buzz about it right now.
Although Berkman Plaza II, like the finished Berkman Plaza next door, was originally planned as condominiums, his understanding now is that any developer would finish it as an apartment building.
If Chaote can sell it, he said, hed like to be the general contractor on the project. But thatd be up to the developer.
We just want to sell it and recoup as much of our losses as we can, he said.
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No bids at Tuesday auction for Berkman Plaza II
Drivers will have to detour off of a block of West Dayton Street beginning Tuesday, so construction work can continue on an apartment building.
The Madison Traffic Engineering and Parking Divisions said in a news release the 400 block of West Dayton Street will be closed from 7 a.m. to 5 p.m. Tuesday through Friday.
The block is between North Bassett and North Broom streets.
The closure is needed so underground utility lines can be installed for The Domain, a 12-story apartment building going up at 415 W. Dayton St.
Local access to residences in that block will be maintained at all times, and pedestrians will be able to use the south side of West Dayton Street as well as to all residences in the block.
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Block of West Dayton Street closing Tuesday through Friday
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Feng Shui tips for your rental apartment
A new luxury seven-story apartment building is slated for the popular Knox-Henderson neighborhood.
The property is right on the border of Dallas and Highland Park, and it has some Highland Park homeowners saying, "Not in my backyard."
Highland Park has already passed a resolution saying its not on board because it would infringe on the enjoyment and privacy of the town's residents, especially at Abbott Park.
The dynamics will definitely change, said Angeline Cohen, who frequents the park with her 2-year-old son. It will get more crowded.
Developers want to spend $80 million on the 258-unit high-end building, where rentals would range from $3,000 to $5,000 a month.
But luxury upgrade is not what some Highland Park residents like Joe Williams want in a neighbor.
His worry is that if zoning changes, too many people will be packed into a small space, congesting streets for everyone.
When you walk down the street, you see this pretty tree line, and you look up and there's the sky, said Williams. It would take that away. But I think now, one of the biggest concerns is just the pure traffic.
Frank Stich is with the powerful Oak Lawn Committee, advising Dallas City Council on area development. Stitch was around when another group attempted to rezone for a high-rise in 2005, but failed.
We think this is absolutely the best re-adaptive use of this site that we've seen in 10 years, said Stitch.
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Highland Park, residents oppose new apartment building plans
April 24, 2014 2nd UPDATE: 1 found dead after apartment fire near Purdue
Anonymous Associated Press Thu Apr 24, 2014, 12:55 PM EDT
West Lafayette Authorities say one person was found dead after a fire that badly burned an apartment building where many Purdue University students live near the campus.
West Lafayette Fire Chief Tim Heath says the person who died was found in an apartment after firefighters put out the blaze that rousted residents about 5 a.m. Thursday. The victim's identity wasn't immediately released.
Police Lt. Troy Harris tells the Journal & Courier some other residents were taken to a hospital for treatment of non-life-threatening smoke inhalation.
Harris says eight apartments were damaged in the three-story building. The flames burned through the roof and destroyed one end of the building a few blocks from the southeastern edge of Purdue's campus.
Harris said the fire's cause was under investigation.
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2nd UPDATE: 1 found dead after apartment fire near Purdue
Brisbane's latest tower plan -
April 22, 2014 by
Mr HomeBuilder
Aria's 109 Melbourne Street development would have ground-floor space for shops, cafes and restaurants. Photo: Supplied
Property developer Aria has lodged a development application for what could be its seventh apartment building in South Brisbane.
The tower, designed by Tony Owen Partners Architects, will comprise 180 apartments, as well as ground-floor space for shops, cafes and restaurants that will spill into a laneway, or cross-block link, from Melbourne Street to Fish Lane.
The complex, located at 109 Melbourne Street, will also feature a rooftop pool, bar and barbecue area and an outdoor cinema.
An artist impression of Aria's proposed Hope Street twin towers. Photo: Supplied
Family-owned Aria has already sold more than 180 units in three residential towers it has built in South Brisbane since mid-2012.
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Its 20-storey Austin tower is under construction on Grey Street, as is another 20-storey tower called Botanica on the corner of Edmondstone and Boundary Streets, opposite Coles supermarket in the West End Marketplace.
The Austin tower, located at 77-79 Grey Street opposite the Queensland Museum and State Library, will have 140 apartments, while Botanica will have 179 apartments.
An artist impression of Aria's proposed 109 Melbourne Street development. Photo: Supplied
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Brisbane's latest tower plan
by KMOV.com staff
KMOV.com
Posted on April 21, 2014 at 8:01 AM
Updated today at 8:58 AM
(KMOV) The developers of a prime piece of property previously blighted in Richmond Heights are getting massive tax breaks to build a massive apartment complex at the same location.
Draper and Kramer, of Chicago, have owned the property at the corner of McCutcheon and Eager since the 1930s
Located on the north side of Brentwood Forest, the new 800-unit apartment building will sit at the same site as the old Manhasseet Village apartment complex.
The city of Richmond Heights recently approved a 70 percent property tax break for Draper and Kramer over the next 10 years.
Officials say the project is expected to start in 2015 and will generate 250 jobs for each phase of construction.
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Developers of prime property in Richmond Heights get massive tax break
A not-for-profit that works with underprivileged people who have come into conflict with the law is asking the City of Ottawa to allow for a new apartment building to be constructed in Vanier.
(Stock photo)
The John Howard Society of Ottawa has applied to the City of Ottawa to ask for a zoning change to make way for a 3.5-storey, 34-unit apartment building, according to documents sent out to members of the surrounding community.
The property, located at 318,320, 322 and 324 Gardner Street, is currently home to two duplexes. The applicant wants to tear them down and build the low-rise apartment building in its place.
The new site would have self-contained studio units, five parking spaces, a rear deck, a rear yard and a community garden at some point in the future, according to the documents.
Funding for this proposal is through Ottawa Community Housing and the building will be operated by the John Howard Society under a 35-year agreement, reads the note the city sent out to community members.
Ottawa-based PBC Development and Construction Management Inc. is listed as the project manager. Leonard Koffman is the architect and Ainley Group Consulting Engineers & Planners is the civil engineer.
Organizations: John Howard Society, Ottawa Community Housing, PBC Development and Construction Management Ainley Group
Geographic location: Ottawa, 324 Gardner Street
(Stock photo)
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Charitable organization plans 3.5-storey apartment building for Vanier
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