Even in its downtrodden days, the Rosemary District stood out for its unbeatable location, just a few blocks from downtown Sarasota and the bay. But not until 2014, when the city increased density for new projects in the neighborhood from 25 units to 75 units per acre, did development take off. More than 1,500 residential units are being developed, have been approved or are awaiting approval. A hotel, three apartment projects and 11 condominiums are rising, with some units priced at more than a million dollars. Restaurants, furniture stores and offices are cropping up, and the district was recently rated one of the 10 most walkable neighborhoods in Florida.

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1A Lolita Tartine1419 Fifth St. Breakfast through dinner, casual French fare in a colorful industrial space; owners own two Cest La Vie restaurants.

1B Toasted Mango Caf430 N. Tamiami Trail. Cheerful, reasonably priced, breakfast and lunch.

1CBlue Apron Caf and Catering436 Central Ave. Small eatery, breakfast and lunch.

1D Mandeville Beer Garden428 N. Lemon Ave. A district hotspot offering 30 craft beers on tap or 150 beers by the bottle; packed Tuesday trivia nights.

1E Station 400400 N. Lemon Ave. A favorite breakfast and brunch spot in a restored train depot.

1F The Blue Rooster1525 Fourth St. Live blues and Southern fare.

1G The Rosemary411 N. Orange Ave. American bistro in Citrus Square open for breakfast, lunch and dinner.

2A Hotel Indigo Sarasota1223 Boulevard of the Arts. Four-story, 95-room boutique hotel.

2B The Sarasota Modern Hotel591 Cocoanut Ave. Under construction, an 89-room luxury hotel, includes 151-seat restaurant; open early 2018.

2C Cambria Hotel and SuitesFruitville Road between Central and Cocoanut. Five-story, 118-room hotel; construction has not started.

3A Rosemary Court Wellness Center810 Central Ave. A small complex of four 1920s homes; includes popular Rosemary Court Yoga.

3B Planned Parenthood of Southwest and Central Florida736 Central Ave. Headquarters of the 22-county Planned Parenthood affiliate.

3C The Salvation Army Sarasota1400 10th St. Food, shelter and social services for the needy.

3D Home Resource741 Central Ave. Contemporary furniture store in a renovated garage.

3E The Sarasota Collection Home Store622 Central Ave. Eclectic furniture store of four big showrooms.

3F Canned Ham Vintage1435 Seventh St. Small shop jammed with vintage clothing, jewelry and home goods.

3G Architectural Revival421 Central Ave. Repurposed furnishings and custom furniture design.

3H Blue Line Inc.301 Central Ave. Longtime downtown art and office supply store.

4A BOTA Center1570 Boulevard of the Arts. Meticulous renovation of the old Babcock Furniture Store into a center for creatives and their businesses, anticipated completion fall 2017.

4B CitySide Apartments700 Cocoanut Ave. Four-story, 228-unit apartment complex ushered in Sarasotas apartment building boom; a second phase of 261 apartments is planned.

4C Valencia at Rosemary Place601 Cocoanut Ave. About 30 townhomes under construction, starting in the mid-$500,000s, anticipated completion 2017.

4D Rosemary Square1440 Boulevard of the Arts. Three-building campus includes a condominium of 30 residences (all sold to the Sarasota Opera for artists) with retail and office on the ground floor; a building with studio space for The Players and Sarasota Contemporary Dance; and a building with two restaurants; anticipated completion January 2018.

4E Elan Rosemary Apartments710 N. Lemon Ave. Four-story, 286-apartment project, anticipated completion December 2018.

4F The Courtyard at Citrus461 N. Orange Ave. Phase II and III of European-style three-story condo/retail project will include 28 condos priced between $395,000 to $455,000 and commercial space, anticipated completion 2017/2018.

4G Risdon on Fifth1350 Fifth St. 22 modern-style condos priced between $389,000 to $949,000; ground-level commercial space; anticipated completion fall 2017.

4H The Risdon1374 Fifth Way. 11 modern-styled luxury condos, $600,000 to $1.5 million, construction to start in spring 2018.

4I Fifth and Central435 Central Ave. Another Risdon Group project, three-story building with 3,000 square feet of ground-level retail with two stories of six condos, $500,000 to $850,000, ready for occupancy fall2017.

4J Vanguard Lofts1343 Fourth St. Six modern townhomes, $550,000 to $900,000; anticipated completion fall 2017.

4K 1515 Fruitville1515 Fruitville Road. Upscale, modern 15,000-square-foot retail center under construction.

4L Urban Flats1401 Fruitville Road. Five-story, 228-unit apartment complex under construction, rents averaging $1,700 a month; anticipated completion fall 2017.

4M Kretzmer Artist Residence751 Cohen Way. Five town-homes with 20 bedrooms for visiting Florida Studio Theatre artists and young theater professionals; anticipated completion October 2017.

4N DRAPAC1359 Fourth St. Modern-style condo of 62 units with 2,820 square feet of commercial space; construction has not started.

4O Zahrada1542 Fourth St. Six luxury townhomes, above $1.3 million-plus to start; 5,150 square feet of commercial space; construction has not started.

4P BLVD Sarasota540 N. Tamiami Trail. 49-unit condominium, $1.6 million-plus units, includes a 7,250-square-foot restaurant space; anticipated completion, summer/fall 2019.

5A Sarasota School of Arts and Sciences645 Central Ave. A-rated public charter middle school.

5B Sarasota Military Academy801 N. Orange Ave. High school campus of the C-rated public charter school.

5C The Players Theatre838 N. Tamiami Trail. The city of Sarasota is considering buying the 2-acre site of the longtime community theater, which is moving to Lakewood Ranch

5D Rosemary Cemetery851 Central Ave. Historic-designated cemetery with graves dating back to 1887.

5F Rosemary District Indie Market701 Cohen Way. Artists, craftspeople and farmers gather at this corner parking lot every third Saturday in season.

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Your Guide to the Rosemary District - Sarasota

Midtown 6 developers nab $110M construction loan

Developers paid $28M for the 2.14-acre development site

ByKatherine Kallergis | August 28, 2017 12:15PM

Jim Losik and a rendering of Midtown 6

The developers of Midtown 6, a luxury rental tower planned for Midtown Miami, just closed on a $110.3 million construction loan, according to HFF.

Magellan Development Group,J.P. Morgan Asset Management and Alex Vadia secured the financing from PNC and BMO Harris Bank. PNC is the lead lender. HFFsScott Wadler and Elliott Throne arranged the loan, Wadler told The Real Deal.

Last week, Vadia sold the 2.14-acre development site at 3101 Northeast First Avenue for $28 million to a partnership that included him and Magellan. As planned, Midtown 6 will have 447 luxury apartments and 40,500 square feet of retail space.

Magellan, a Chicago-based residential developer, received approvals earlier this year for Midtown 6 and 7, the latter of which will be another 32-story tower with 838 units. The buildings, designed byChicago-based bKL Architecture, will share a common courtyard and pedestrian plaza. Midtown 6 will also have nearly 74,000 square feet of amenities, including a pool and spa, fitness areas, game room, lounge, office, kitchen and bars, and fireplaces.

Earlier this year, Magellan and Midtown Development opened Midtown Five, a 24-story tower with 400 units, 52,000 square feet of amenity space, along with ground floor retail. According to an apartment guide, rental rates at Midtown Five range from $1,544 a month for a studio to $5,323 a month for a three-bedroom apartment.

Magellan financed Midtown Five, which opened in January, with an$80 million construction loan.

Vadias Midtown Opportunities began acquiring land in Midtown Miami back in 2010, amassing 22 acres of developable land. The company still owns the 2-acre development site of Midtown 8, where Wood Partners plans to build a28-story, 387-unit at2951 Northeast First Avenue.

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Midtown 6 developers nab $110M construction loan - The Real Deal Magazine

The $13.5 million Dillard project is scheduled to break ground in October and be completed in spring 2019, Deb Wendel-Daub, a Kilbourne project manager, said Wednesday, Aug. 23.

The construction site is now a parking lot owned by the Dillard family but had once been home to row houses and a lumberyard, according to Kilbourne. Like many parking lots, it's not appealing to pedestrians and the new building is intended to change that.

The Renaissance Zone Authority on Wednesday recommended tax exemptions for the project worth $967,000 over five years. After the incentives expire, Kilbourne estimates it would pay $202,000 a year in property taxes. The parking lot now pays $2,400 a year. Because the area is also part of a tax-increment financing district paying for a city-owned parking ramp that the developer finished in June, the taxes would go towards the ramp.

Plans call for a 94,000-square-foot, six-story building with 84 apartment units and 13,000 square feet of ground-level retail space. Conceptually, it will be a lot like Roberts Commons with studio and one-bedroom units and retail space facing an alley.

But, unlike Roberts Commons, which faces the publicly owned Roberts Alley, the Dillard project will also face a privately-owned alley south of the neighboring Herald Square building, according to Wendel-Daub. That allows Kilbourne to add features such as canopies or landscaping.

The mix of market-rate apartments include 24 alcove units, a kind of studio with a small sleeping space that can be blocked off by a sliding door; 39 one-bedroom units; 16 two-bedroom units; and five three-bedroom units.

Wendel-Daub said Kilbourne did consider providing affordable housing but the cost of the land and of cleaning contaminated soil made that unfeasible. She said the cost of rents are still under discussion.

Of the retail space, 8,000 square feet will face Roberts Street and could be divided into four separate stores, she said. The remaining 5,000 square feet will face the alleys and could be divided into three stores, she said.

Kilbourne already has interest from two potential tenants, one facing Roberts and one facing an alley, she said.

The Dillard project is actually one phase of a larger project Kilbourne announced in January 2016, when it entered a city competition to develop two city-owned parking lots to the south.

One of those lots now include the adjacent 455-stall parking ramp and the Roberts Commons building under construction around the ramp. The second city lot to the south across Second Avenue North would also be developed into the Kessler Block mixed-use building.

Kilbourne spokeswoman Adrienne Olson said the Kessler Block, which originally was scheduled for construction before the Dillard project, won't be built for a few years because it's needed as a staging area for work on Roberts Commons and the adjacent Black Building, which Kilbourne also owns.

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New building with apartments, retail space planned in downtown ... - INFORUM

The project will take just over two years to complete.

Dallas designer Emily Summers is doing the interiors for the residential units. And HKS architect Eddie Abeyta designed the sleek metal and glass tower.

"The purpose of a model is to engage the client you don't know," Summers said. "You try to focus on the views. What we try to do for them is offer great options."

The mock up apartment located at Hall's KPMG Plaza tower overlooks the construction site. It includes living and dining areas, a model kitchen and bathroom.

"This is probably one of the most premier sites in the entire country," Abeyta said. "This is a special place for people to actually live here and be part of the heart and soul of the Arts District.

"The architecture is trying to be very simple and sophisticated," he said. "It's not trying to compete and overwhelm what already exists."

Along with the condo tower, the construction includes a 183-room hotel that will front on Ross Avenue.

The condo tower will include restaurant and retail space on the ground floor along Flora.

"Three of the homes have their own swimming pool," said Hall, including the 2-story unit he's taking on the sixth floor.

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Check out the new Hall Arts Residences luxury condo unit in Dallas' Arts District - Dallas News

Signs are pointing toward an upcoming renovation of the long-vacant Loyal Order of the Moose Lodge building at 2115 Cass Ave. in downtown Detroit.

A document that the Ilitch family's Olympia Development of Michigan filed with the Michigan Department of Environmental Quality last week shows some asbestos cleanup is scheduled to take place over a few days next week, with Detroit-based Qualified Abatement Services Inc. as the contractor.

In addition, there has been parking lot work around the building at Cass Avenue and Elizabeth Street across from Bookie's Bar and Grill recently, as well as some painting done on plywood on window coverings.

Seems to me that historic renovation is in the works. But Olympia is remaining mum to me about any details of a renovation.

I asked Ed Saenz, director of communications for the Detroit-based company, for information Thursday about what's in store for the property, but he only said Olympia has "not announced future plans yet."

The DEQ document lists Detroit-based Olympia as the owner and says the building is 30,000 square feet (although Washington, D.C.-based real estate information service CoStar Group Inc. says it's about 45,000 square feet).

Olympia is spearheading the 45- to 50-block District Detroit project anchored by Little Caesars Arena for the Detroit Red Wings and Detroit Pistons that is set to open next month.

In May, the company announced plans to renovate four other long-vacant buildings around the arena for residential use:

Historic Detroit, which tracks the city's buildings and architecture history, says the Moose Lodge building opened in 1922 and was designed by Baxter, O'Dell & Halpin. Curbed Detroit reported on some minor repair work taking place there in 2013.

There were plans as far back as 1994 to turn the vacant building into a nightclub, Crain's reported at the time.

Olympia paid $1.5 million for it in February 2007, according to city records.

Link:
Is long-vacant Moose Lodge building inching toward renovation? - Crain's Detroit Business (blog)

Dallas Business Journal

High-profile parcel in Plano's Legacy Business Park getting high-rise office, hotel Dallas Business Journal The plans for the 37-acre tract include three office buildings ranging from eight- to 10-stories, totaling up to 2 million square feet with a 200-room boutique hotel and up to 100,000 square feet of retail space. Construction on the initial phase is ...

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High-profile parcel in Plano's Legacy Business Park getting high-rise office, hotel - Dallas Business Journal

Photo: Richard Webner /Express-News

A $17 million parking garage next to the Tobin Center for the Performing Arts is expected to wrap up construction next month.

A $17 million parking garage next to the Tobin Center for the Performing Arts is expected to wrap up construction next month.

The garage will add 521 spaces to parking-starved downtown.

The garage will add 521 spaces to parking-starved downtown.

The garage includes a meeting area for First Baptist Church of San Antonio, which owns the land.

The garage includes a meeting area for First Baptist Church of San Antonio, which owns the land.

Parking has been a problem for the Tobin Center since it opened in 2014.

Parking has been a problem for the Tobin Center since it opened in 2014.

The parking garage will be open to the public when there are no events at the Tobin Center.

The parking garage will be open to the public when there are no events at the Tobin Center.

The Tobin Center contributed $7 million to the garages construction, while the city of San Antonio and Bexar County both chipped in $5 million.

The Tobin Center contributed $7 million to the garages construction, while the city of San Antonio and Bexar County both chipped in $5 million.

Parking will likely become even more scarce in the area after construction projects such as CPS Energys new headquarters and the Arts Residences hotel and condo tower are completed nearby.

Parking will likely become even more scarce in the area after construction projects such as CPS Energys new headquarters and the Arts Residences hotel and condo tower are completed nearby.

The garage also includes 5,600 square feet of retail space.

The garage also includes 5,600 square feet of retail space.

This rendering shows the appearance of Alamo Plaza under a master plan that would include an interpretation of the south wall and historic main gate of the mission and 1836 battle compound, made of structural glass. Other features include a 135,000-square-foot museum; historic footings of the historic walls displayed under structural glass; and interpretation of an acequia, or water canal, on the west end of the plaza.

This rendering shows the appearance of Alamo Plaza under a master plan that would include an interpretation

Mixed-Use Development at Hemisfair$200 million

Mixed-Use Development at Hemisfair$200 million

San Pedro Creek Rehabilitation$175 million

San Pedro Creek Rehabilitation$175 million

Essex Modern City mixed-use development$150 million

Frost Tower$142 million

Frost Tower$142 million

Federal Courthouse$142 million

Federal Courthouse$142 million

CPS Energys new headquarters $100 million

CPS Energys new headquarters$100 million

EPICenter innovation center$74 million

EPICenter innovation center$74 million

Encore River Walk apartment complex $60 million

Encore River Walk apartment complex$60 million

Hemisfairs Civic Park$58 million

Hemisfairs Civic Park$58 million

Broadway corridor infrastructure improvements$56 million

Broadway corridor infrastructure improvements$56 million

Canopy by Hilton hotel$39 million

Canopy by Hilton hotel$39 million

Alameda Theater renovations$26 million

Alameda Theater renovations$26 million

Tobin Center parking garage nearing end of construction

A $17 million parking garage next to the Tobin Center for the Performing Arts is expected to wrap up construction next month, adding 521 spaces to parking-starved downtown.

The garage, which broke ground in November, also includes 5,600 square feet of retail space and a meeting area for First Baptist Church of San Antonio, which owns the land. With a brick and tile exterior, it was designed by local architecture firm Marmon Mok Architects.

Parking has been a problem for the Tobin Center since it opened in 2014, said Jack Freeman, its vice president of facilities and operations. It will likely become even more scarce in the area after construction projects such as CPS Energys new headquarters and the Arts Residences hotel and condo tower are completed nearby.

That was the biggest question all the time where can I park? Freeman said.

Parking spots will cost $15 for regular spaces and $25 for reserved spaces, Tobin Center spokeswoman Kelley Kendall said.

The garage will be open to the public when there are no events at the Tobin Center, Freeman said. Those who are attending events at the venue will be able to reserve some spaces online.

The Tobin Center contributed $7 million to the garages construction, while the city of San Antonio and Bexar County both chipped in $5 million.

RWebner@express-news.net

@rwebner

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Tobin Center parking garage nearing end of construction - mySanAntonio.com

YOUNGSTOWN, Ohio -

The landscape of Youngstown State University continues to transform as University leaders joined city officials Friday for a ceremony to mark the start of construction on another major campus project.

The ground breaking wassymbolic as work is already underway on the Enclave, a first class student housing and retail project at Wick and Lincoln Avenues.

As construction begins on this new project,the first students are moving in at the Edge, another newly completed housing complex. Sharon Sanders says students like the idea of apartment style housing.

"My main thing was Iwas going to have my own bathroom and Ididn't have to share it with about 40 other girls on a floor. So that's what really attracted me to the Edge," Sanders said.

Both the Edge and Enclave are projects that YSU President Jim Tressel outlined in 2016 in a presentation called, Next YSU:A New Look for a New Era. Contracting with private developers for housing is a win win for the university.

"Itmakes a whole lot of sense, itshifts a lot of risk from the university to a private developer. So we still get the benefit of having a larger inventory of beds for our students on campus," Neal McNally, V.P. of Finance and Business Operations.

The state of the art housing units, coupled with on campus retail space are attractive to potential students.

"We're trying to make YSU more of a a destination campus for students. We want them to be able to stay on campus, to have a positive student experience and along with that comes a growing demand for those types of amenities, restaurants and so forth," said McNally.

The 2016 plan also called for a new bookstore, and Barnes & Nobel just recently opened its new stand-alone store. Renovations are underway at Jones Hall, where a new Student Success Center will be connected to the Maag Library.

President Tressel says an active and growing university attracts more students and benefits the entire community. "It's going to do nothing but create activity downtown, forMill Creek Park, the Butler, you name it.So it's all part of what we need to do to keep getting better every day, " Tressel said.

The Enclave project also represents a YSU success story. The private developer is LRC Realty, and it's President is Frank Licata, a Youngstown native, and Youngstown State graduate.

Read the original here:
YSU marks new housing construction - WFMJ

Rendering Credit: Marchetto Higgins Stieve

As reported recently, the area of Jersey Citys west side along the Hackensack River known as Bayfront has been mired in cleanup, controversy, and leadership quicksandno one has emerged as a front-runner to advance the development beyond the rendering stage. However, directly across Route 440, another development is well underwayand already bringing to this neighborhood what Bayfront up to now has only proposed.

University Place is a $400 million, 22-acre development with four mixed-use projects in the works as well as a new ShopRite, parking garage, and housing for New Jersey City University (NJCU) students.

The first mixed-use building, developed by Claremont Companies, is about to top out, bringing 163 rental units and 12,000 square feet of retail to market. Leasing is slated to begin next year for May 2018 move-ins. Claremont Companies second mixed-use building will break ground in April 2018.

GRID Real Estate was tapped to market the first phase of retail space at the project. Available is over 10,000 square feet of space including a restaurant opportunity that will sit at the gateway of University Place. With very little options to choose from on the west side of Jersey City, University Places restaurants will cater to the university along with the outside public who now have to hop in their car and head downtown to grab a bite to eat. Said Bobby Antonicello Jr. of GRID Real Estate.

KKF University Enterprises is developing the other two mixed-use buildings, set to break ground in August of this year and December 2018. The four buildings will total 630 luxury rental apartments and 30,000 square feet of retail space. The developments have been staggered to minimize leasing competition.

The new ShopRite will be 70,000 square feet and 1,000 vehicles will be able to park in the new parking garage. The new dorm for NJCU has been up and running since August 2016 and houses 430 students. And the entire development is built around a tree-lined, brick-paved boulevard, anchored by a public plaza with enough space to host outdoor performances. New Jersey City Universitys new Center for Music, Dance, and Theater also plans to build its home here, possibly opening as early as 2019.

Like Bayfront, University Places parcel of land on the east side of Route 440, bounded by West Side Avenue, was also owned by Honeywell whose predecessor contaminated the soil to the point of mandatory remediation which was completed years ago.

Unlike Bayfront, what was called the West Campus of New Jersey City University was reimagined, redeveloped, and rebranded as University Place at a breakneck pace. Mr. Anthony Bastardi, CEO of Strategic Development Group, calls this project his passion for the last three years, wanting to develop a place, in the urban planning sense, where people live, work, and play.

Involving the community, NJCU, Jersey City officials, and professional experts as key stakeholders from the very beginning certainly helped to drive the project forward. University Place was imagined, embraced, and contracted all in one year, said Mr. Bastardi. Incredibly, all development up to this point, from concept to construction, has taken only three years.

University Place Boulevard is nearly complete and landscaped while surrounding roads are also being built. Mr. Bastardi estimates that one year from now, in the summer of 2018, all the roads will be in, 160 families will have moved into the first building where there will be a restaurant for us to have lunch, and three more buildings will be under construction.

University Place will activate 1,080 permanent jobs and $12 million in state and local taxes annually. Plus the 30-year PILOT negotiated with Jersey City will result in $93 million in payments to Jersey City.

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University Place Moves Full Steam Ahead While Bayfront Languishes - Jersey Digs

Triangle Business Journal

Space Quarterly: Triangle retail centers hit hard by store closures, construction lull Triangle Business Journal ... is liquidating all its stores across the U.S., including its last store more. Dan. The Triangle's retail vacancy rate nudged up to 7 percent, the market's highest rate in three years, according to Triangle Business Journal's quarterly Space ...

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Space Quarterly: Triangle retail centers hit hard by store closures, construction lull - Triangle Business Journal