square feet – Tribune Tower http://tribunetower.info/ Sun, 27 Mar 2022 12:31:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://tribunetower.info/wp-content/uploads/2021/11/tribune-120x120.png square feet – Tribune Tower http://tribunetower.info/ 32 32 A private indoor pool in your suite? Upscale amenities at a new downtown LA hotel | https://tribunetower.info/a-private-indoor-pool-in-your-suite-upscale-amenities-at-a-new-downtown-la-hotel/ Thu, 17 Mar 2022 08:30:00 +0000 https://tribunetower.info/a-private-indoor-pool-in-your-suite-upscale-amenities-at-a-new-downtown-la-hotel/ LOS ANGELES — Hotels with indoor pools have been around for decades. But at the new and luxurious Downtown LA Proper Hotel, there’s a 2,777-square-foot suite with its own indoor pool, and it’s much larger than the rooftop one shared by all guests. Another suite has enough space and height to play basketball – as […]]]>

LOS ANGELES — Hotels with indoor pools have been around for decades. But at the new and luxurious Downtown LA Proper Hotel, there’s a 2,777-square-foot suite with its own indoor pool, and it’s much larger than the rooftop one shared by all guests.

Another suite has enough space and height to play basketball – as it was once a basketball court, when the Renaissance Revival tower on Broadway was a private club for the the city’s business elite that included sports facilities, fine dining, and overnight accommodations.

The building, completed in 1926 as the Commercial Club, has regained those elements after changing a lot over the years, usually not for the better. Now it’s owned by a Santa Monica company that specializes in large-scale renovations of historic properties to create unusual hostels for travelers weary or wary of upscale chain hotels.

“We call it a looser kind of luxury,” said Brian De Lowe, president of Proper Hospitality. “This is our unique perspective” on luxury urban hotels.

The company calculates that the resurgent South Broadway neighborhood, where the Downtown LA Proper Hotel is located, will continue to improve. The Broadway and 11th Street location is six blocks east of Crypto.com Arena and LA Live, bordering the Fashion District, South Park, and Historic Downtown.

Neighbors include the upmarket Ace and Hoxton hotels, both created from 1920s brick office towers. Across Broadway is the newly remodeled Herald-Examiner Building, completed in 1914 by the titan of the William Randolph Hearst journal and now a branch of Arizona State University.

Proper Hospitality is also counting on a rebound in business and leisure travel after a pandemic plunge that decimated the ranks of hotels and restaurants.

Founded in 2015, the hotel management company operates Proper Hotels in Austin, Texas; San Francisco; and Santa Monica, where the 271-room inn includes a renovated 1920s office building connected by bridge to a new seven-story addition. Proper Hospitality also operates six other hotels in Southern California, including the June Hotel in Malibu, the Venice V Hotel in Venice, and the Avalon Hotel & Bungalows Palm Springs.

The Santa Monica hotel took about a decade to plan and build, and the 148-room Downtown LA Proper Hotel also took several years to build before opening in the fall amid a booming hotel market. difficulty.

The Commercial Club folded during the Great Depression. In 1941, the building was converted into a hotel, and this use continued until the YWCA Job Training Corps moved its operations there in 1965. The YWCA moved to a new property several blocks away at the start of 2012, and the building remained vacant until the Proper arrived. .

Redoing the 13-story building with a design by architect Omgivning cost more than $50 million as the owners scrambled to restore some panache to the once glamorous structure.

“Given its scale, the Proper was a creative space-programming challenge that utilized every square inch of the building,” said Morgan Sykes Jaybush, Director of Hotel Projects at Omgivning.

The arbiter of Proper style is famed interior designer Kelly Wearstler, who helped pioneer the rise of unique “designer” hotels in the early 2000s, like the Viceroy Santa Monica. There she joined her husband, developer Brad Korzen, and De Lowe as they transformed a chipped 1960s inn near the beach into an upscale destination. Korzen and De Lowe went on to found Proper Hospitality, the hotel management company of their real estate company Kor Group.

At Proper, Wearstler didn’t hold back on the variety of textures, patterns and materials she is known for, layering elements of Spanish, Portuguese, Mexican and Moroccan design. She brought in vintage furniture and rugs, which help make each room different. There are over 100 types of hand painted and custom tiles affixed throughout the property.

In the 1,300-square-foot Basketball Suite, which retains its original hardwood floors, Wearstler opted to keep the double-height ceiling and painted color blocks on the wall to give a more intimate sense of scale. A night there costs $5,000.

(Sorry, b-ball fans: no hoop. It’s one thing to bring up basketball; it’s another to allow board play that might upset other guests.)

The seventh-floor Pool Suite provided the biggest challenge. The indoor “dive”, as it was known in the 1920s, was 35 feet long and 12 feet deep, an ideal companion for the club’s gymnasium and Turkish baths.

“It might have been easier to get rid of the pool altogether,” Wearstler said, “but I was really excited to see how we could make it work in the context of a guest suite.”

The pool level has been reduced to almost 4 feet to comply with modern safety standards. In addition to creating a suite with up to two bedrooms and two-and-a-half bathrooms (the suite is expandable up to 2,777 square feet, larger than the average new single-family home), she brought in ceramist LA Ben Medansky to create a monumental mural to anchor it.

“Now it’s this beautiful, sprawling suite,” she said, “the crown jewel of Downtown LA Proper, in my opinion.”

The suite is large and unusual enough to host gatherings such as fashion events, said hotel general manager Stephane Lacroix. But it won’t be cheap to rent for $10,000 a night. More typical hotel rooms start at around $300.

Le Propre has two restaurants. Caldo Verde, with Portuguese and Spanish influences, is operated downstairs by James Beard Foundation award winners Caroline Styne and chef Suzanne Goin. The largest restaurant is Cara Cara, serving food and cocktails on the 5,000 square foot rooftop where Wearstler has created “several small vignettes” to create intimacy between potted plants, trees and succulents.

She tried to keep the furnishings low-key, she said, so the city views grab the most attention.

Rooftop restaurants and bars that overlook city lights can be reliable revenue generators for hotels as they attract locals, reducing reliance on travel habits, says the Newport hotel investment banker Beach Donald W. Wise of Turnbull Capital Group.

Rooms won’t always have guests, he says. “It’s important to embrace the local community in order to have a continuous source of customers.”

Wise, who is not involved with the hotel, described Clean Downtown as “a long-term game” for owners as they have a substantial investment to recoup and may need to be patient.

“It’s going to take time to get the word out, to have a customer base that keeps coming back,” he said.

The upscale of the hotel market “has done quite well during the black swan event” of the pandemic and is on the mend, particularly among coastal and destination hotels, he said. Downtown hotels that relied on business and convention travelers struggled more.

The NoMad Los Angeles, an upscale boutique hotel in the heart of downtown, closed during the pandemic and remains closed even as other businesses, including the popular large restaurant Bottega Louie, have reopened.

Paradigm shifts that aren’t yet entirely clear have been happening during the pandemic, Wise said, including how companies will see the need for business travel after becoming familiar with service meetings. conferencing such as Zoom. Business travel may not return to more than 70% to 80% of pre-pandemic levels when this threat subsides.

“The new normal may not be the old normal,” he said, but it will take a few years to find out.

Hotel developers are nonetheless moving forward with several downtown projects, said Nick Griffin, executive director of the Downtown Center Business Improvement District.

The Conrad Hotel in the Billion-Dollar Grand Resort on Bunker Hill, the Cambria Hotel in a renovated 1920s building on Spring Street near City Hall, and the 37-story Moxie and AC Resort with more than 700 rooms near the Palais des Congrès.

According to the Downtown Center Business Improvement District, 16 additional hotels are being planned downtown, including an extension to the JW Marriott in LA Live and a 1,000-room skyscraper across Figueroa Street from the Convention Center.

The Proper is the latest addition to the South Broadway neighborhood, which was relatively forgotten 15 years ago when the downtown area was enjoying a renaissance that attracted thousands of new residents, as well as restaurants, bars, hotels and offices converted from old industrial buildings.

Economic growth has swept through the Proper neighborhood in recent years, including hotels, the revival of the Herald Examiner Building, and new stores such as a high-profile Apple store in a renovated movie palace. The nearby California Market Center, a building-sized office complex that recently underwent a $250 million makeover, has signed major office leases with apparel companies Adidas and Forever 21.

“All of these factors combine to create a vibrant ecosystem,” Griffin said. “We see this taking hold on South Broadway.”

The city center has the densest set of office buildings in the region, most of which are still sparsely occupied due to the pandemic. Full economic recovery there may hinge on the percentage of workers returning to their desks regularly as COVID fears ease.

The average office population in the Los Angeles metro area was 37% at the start of March, down from 26.5% at the start of the year when the Omicron variant was booming, according to Kastle Systems, which provides entry systems. by key card used by many companies. and follows workers’ card-reading patterns.

Business at Proper-run hotels has also fluctuated with the pandemic, De Lowe said, with revenue declines in late December and January followed by a more than 30% jump in February.

The average occupancy rate at hotels in the Los Angeles area was 67% in the week ending March 5, up substantially from the start of last year when the rate of occupancy was 40%, according to STR, a global hotel data and analytics company. Average daily room rates rose from $116 to $184 over the same period.

“We are very optimistic for spring and summer,” said De Lowe. “People have been locked up for so long. Now they want to explore and experience new things, and I think downtown LA really offers that.”

©2022 Los Angeles Times. Go to latimes.com. Distributed by Tribune Content Agency, LLC.

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Iconic Kona hotel sold for $21 million https://tribunetower.info/iconic-kona-hotel-sold-for-21-million/ Fri, 04 Mar 2022 10:05:00 +0000 https://tribunetower.info/iconic-kona-hotel-sold-for-21-million/ A West Coast-based private equity firm recently purchased the iconic Kona Bay Hotel in the heart of Kailua Village. Shapery Enterprises, which operates out of San Diego, doled out $21 million for the 122-room hotel on just over 2 acres of Hotel Zone property in Kailua-Kona. The sale was announced Jan. 19 by Honolulu-based JLL […]]]> ]]> The selling price of these GTA condos in High Park and Mississauga https://tribunetower.info/the-selling-price-of-these-gta-condos-in-high-park-and-mississauga/ Tue, 01 Mar 2022 12:04:01 +0000 https://tribunetower.info/the-selling-price-of-these-gta-condos-in-high-park-and-mississauga/ HIGH PARK NORTH Location: 1638 Bloor Street West, Unit 705, Bloor St. W. and Keele St. Ask for a price: $745,000 Sale price: $755,000 Previous sale price: $690,000 (2021) Cut: approximately 757 square feet Car park: owned underground space, owned locker Maintenance fees: $624.92 per month Taxes: $2,462 (2021) Bedrooms: 1 plus 1 Bathrooms : […]]]>

HIGH PARK NORTH

Location: 1638 Bloor Street West, Unit 705,

Bloor St. W. and Keele St.

Ask for a price: $745,000

Sale price: $755,000

Previous sale price: $690,000 (2021)

Cut: approximately 757 square feet

Car park: owned underground space, owned locker

Maintenance fees: $624.92 per month

Taxes: $2,462 (2021)

Bedrooms: 1 plus 1

Bathrooms : 1

Sold: 21/21 December. Firm: January 21/22.

This condo unit with a separate den sold for 101% of the listing price in 32 days on the market.

“This condo suite features two walkouts leading to one of the largest balconies in this west end boutique building that overlooks High Park. Other highlights include a modern open-concept layout, hardwood floors throughout, nine-foot ceilings and floor-to-ceiling windows,” says listing agent Karen Law.

The building is close to shops, restaurants, schools, places of worship, High Park, a hospital, the Bloor GO/UP station and public transit.

Building amenities include a concierge, party room, meeting room, outdoor patio, rooftop terrace, guest suites, and visitor parking.

1638 Bloor Street West #705

The unit has: hardwood floors; living room with walkout to balcony; dining room; kitchen with stainless steel appliances and granite countertops; lair; master bedroom with double wardrobe and access to the balcony; four piece bathroom.

Listing Agent: Karen Law, Century 21 Leading Edge Realty, Brokerage, 647-836-2895; www.TorontoRealEstateSpecialists.com

MISSISSAUGA

Location: 4065 Brickstone Mews, Unit 1406,

Burnhamthorpe Road. W. and Confederation Parkway.

Ask for a price: $699,900

Sale price: $723,500

Previous sale price: $470,000 (2018)

4065 Brickstone Mews #1406

Cut: approximately 915 square feet.

Car park: owned underground space, owned locker

Maintenance fees: $687.92 per month

Taxes: $2,899 (2021)

Bedrooms: 2 plus 1

Bathrooms : 2

Sold: November 16/21. Firm: January 20/22.

4065 Brickstone Mews #1406

Sold at 103 percent of the listing price in four days, this condo has had thousands of dollars worth of recent upgrades.

“This corner condo suite features nine-foot ceilings, new laminate flooring, upgraded bathrooms and floor-to-ceiling windows,” says listing agent Amit Kalia.

The building is close to shops, restaurants, schools, places of worship, parks, tennis courts, a cinema, Celebration Square, an ice rink, public transport and access to the highway. 403.

Building amenities include concierge, indoor pool, roof terrace/garden, yoga room, party room, gym, theater room, guest suites and parking for visitors.

4065 Brickstone Mews #1406

The unit has: laminate floors; open concept living room and dining room; kitchen with ceramic floor and granite countertops; breakfast room with ceramic floor and access to the balcony; lair; master bedroom with walk-in closet and adjoining four-piece bathroom; second bedroom with floor and mirrored wardrobe; two piece bathroom.

Listing Agent: Amit Kalia, Re/Max Real Estate Center Inc., Brokerage, 905-270-2000; www.realestate-ontario.com.

What They Got: Condos is compiled by freelance contributor Allison Harness, a Toronto-based real estate writer, from publicly available information. Send recent home sales to soldhome@rogers.com. Not all submissions can be used.
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GZA Congratulates Village of Stamford CT for Securing Full Rental of Premium Waterfront Campus | Business and finance https://tribunetower.info/gza-congratulates-village-of-stamford-ct-for-securing-full-rental-of-premium-waterfront-campus-business-and-finance/ Tue, 08 Feb 2022 12:08:51 +0000 https://tribunetower.info/gza-congratulates-village-of-stamford-ct-for-securing-full-rental-of-premium-waterfront-campus-business-and-finance/ STAMFORD, Conn. & NORWOOD, Mass.–(BUSINESS WIRE)–February 8, 2022– GZA GeoEnvironment Inc. ( GZA ), a leading multidisciplinary company providing geotechnical, environmental, ecological, water and construction management services, congratulates The Village on securing full rental of its indoor campus Upscale waterfront exterior/outdoor in South Stamford. The Village in Stamford, Conn. is a new, premium indoor/outdoor waterfront […]]]>

STAMFORD, Conn. & NORWOOD, Mass.–(BUSINESS WIRE)–February 8, 2022–

GZA GeoEnvironment Inc. ( GZA ), a leading multidisciplinary company providing geotechnical, environmental, ecological, water and construction management services, congratulates The Village on securing full rental of its indoor campus Upscale waterfront exterior/outdoor in South Stamford.

The Village in Stamford, Conn. is a new, premium indoor/outdoor waterfront campus designed to meet the needs of entrepreneurs and creators in fields such as art, entertainment, technology, music, health, fitness, food, finance, digital/influencer worlds. and more. Developed with support from GZA GeoEnvironmental Inc., The Village features 133,000 square feet of modern office space and unique private event venues with world-class food and beverage and nearly 1,000 feet of accessible marina walk. (Photo by Neil Landino)

Designed to meet the needs of entrepreneurs and creators in areas such as art, entertainment, technology, music, health, fitness, food, finance, digital/influencer worlds, etc. The village features 133,000 square feet of work/play space, unique private event venues and rooftop garden with world-class dining and beverage offerings, and nearly 1,000 feet of walkable marina . In recognition of its superior energy efficiency, The Village won one of Connecticut’s premier awards LEED v4 certificates.

GZA provided a range of services for The Village in the redevelopment and extension of a 1920s manufacturing building and site preparation including environmental due diligencebulkhead and marina condition assessment, pre-construction planning and materials management during construction.

GZA CEO Patrick Sheehan said: “The Village is one of the most exciting and innovative waterfront redevelopment projects that GZA has had the privilege of supporting. We at GZA all congratulate Brent and Courtney Montgomery and the Village team on the completion and full letting of this transformational development.”

GZA is a multidisciplinary employee-owned company that provides geotechnical, environmental, ecological, hydraulic and construction management services. GZA’s more than 700 professionals are based in 30 desks in New England, the mid-Atlantic and Great Lakes states. Our head office is located at 249 Vanderbilt Avenue, Norwood, MA 02062.

GZA Head of Marketing and Communications

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS CONNECTICUT

KEYWORD INDUSTRY: OTHER ENERGY SERVICES ALTERNATIVE ENERGY COMMERCIAL BUILDING & REAL ESTATE ENERGY CONSTRUCTION & PROPERTY

SOURCE: GZA GeoEnvironmental Inc.

Copyright BusinessWire 2022.

PUBLISHED: 02/08/2022 07:08 AM/DISC: 02/08/2022 07:08 AM

Copyright BusinessWire 2022.

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Love inspires art at new XO2 condos in Liberty Village https://tribunetower.info/love-inspires-art-at-new-xo2-condos-in-liberty-village/ Wed, 26 Jan 2022 13:06:48 +0000 https://tribunetower.info/love-inspires-art-at-new-xo2-condos-in-liberty-village/ Matthew Del Degan thinks you have to put a little love into your art. That’s why, in 2011, the artist created Lovebot, a geometric robot with a big red heart as a symbol of the Love Invasion, a grassroots movement based in Toronto to share love and kindness. It all started with 100 two-foot concrete […]]]>

Matthew Del Degan thinks you have to put a little love into your art.

That’s why, in 2011, the artist created Lovebot, a geometric robot with a big red heart as a symbol of the Love Invasion, a grassroots movement based in Toronto to share love and kindness. It all started with 100 two-foot concrete Lovebot sculptures placed across the city dedicated to individuals or groups who have performed acts of kindness. Lovebot became a Toronto icon and went global on stickers, posters, toys and apparel.

When XO2 Condos by Lifetime Developments – XO Condos’ sister building and one of the first skyscraper launches this year – is completed in Liberty Village, Lovebots will take up residence among the human inhabitants. In addition to a five-foot matte black Lovebot that Lifetime purchased, Del Degan will be creating interior and exterior sculptures and murals for XO2. He has done multi-faceted projects before, but this will be his biggest.

“Every Lifetime development has a collaborating artist,” says Brian Brown, director of Lifetime Developments. “We believe in supporting great talent in Toronto to tell a story, capture the essence of the neighborhood and add an extra creative layer to our buildings.

“We are very happy to work with Matthew. When we contacted him, he became part of the family and it was really a good collaboration,” added Brown. For the first XO building, Lifetime partnered with street artist Daniel Bombardier, also known as Denial.

Del Degan came up with the idea for Lovebot while studying industrial and product design at OCAD University. He noticed how subway passengers ignored each other and acted like robots with their devices, so he was inspired to create a robot – but one with a heart.

Lovebot’s design and message is aimed at young professionals and families who want to make Liberty Village their home. When the first tower, XO Condos, launched in 2019, it sold out almost immediately, and XO2 is expected to generate the same response. Brown says there will be retail space on the ground floor to bring additional amenities to the area.

“It’s a very young and up-and-coming neighborhood going through a period of transition,” says Brown. “There’s a lot going on in the Liberty Village-King West area and it’s rare to have development on two streetcar lines, plus the proposed SmartTrack line and the Ontario line. It’s a major connected neighborhood and one of the reasons Liberty Village is growing so rapidly.

The SmartTrack plan aims to expand GO Transit service in Toronto. The Ontario Line is the new 15.6 km line, including subway service, planned within the city. Both will have stops at Liberty Village. The XO2 location boasts a perfect transit score of 100 and a walk score of 96, and has direct access to the King-Liberty Pedestrian Bike Bridge. It is also within walking distance of restaurants, shops, pubs and cafes.

A few of the amenities at XO2 Condos will include outdoor dining and lounging areas and an indoor-outdoor facility for children.

XO2 will be a 19-story building with 410 suites, designed by Turner Fleischer Architects with interiors by Tomas Pearce. Brown says it was designed with two key things in mind: to accommodate the next generation of homebuyers looking for a highly accessible area, and to meet residents’ desires for healthy living.

Building amenities include a state-of-the-art 3,500 square foot fitness center. For the second time, Lifetime is partnering with Freemotion Fitness to design the space that will be powered by iFit to provide live and on-demand studio classes and global workouts (the first partnership was with Oscar Residences, in The Appendix). The dedicated KO-XO boxing studio will be equipped with heavy bags.

Brown uses iFit himself. “It really changed my training at home. I could jog with someone in South Africa or Croatia. It’s a more rewarding experience and that’s where fitness goes – to be more content-driven and interactive,” he said. Other XO2 amenities include a residents’ lounge with kitchen and dining area, outdoor dining and lounging areas, rooftop bocce court, coworking facility, indoor-outdoor kids facility and a games room where a 3D fresco by Del Degan will be installed. .

An indoor-outdoor children's play area is designed for young families in the new condominium building which will have quick access to public transportation and neighborhood amenities.

Del Degan plans to follow the process he used to create a mural in Trinity-Bellwoods Park – talking to neighborhood residents and friends to find out what’s important to them. Based on these conversations, he will create the 3D mural to reflect the experiences and stories he hears.

XO2 will also be the second building from Lifetime Developments to use Clear Inc.’s air and water filtration systems. The air system has received regulatory approval from Israel’s Ministry of Health and has passed initial testing in its California factory, stating that it is 99.9% effective in eliminating viruses, such as SARS COV-2 in enclosed spaces. Gil Blutrich, Founder and CEO of Clear Inc. (and Founder and Former President of Skyline International Developments) says his company’s mission is to improve public health and safety through technologies that provide air and clean interior water. Lifetime is Clear Inc.’s first developer partner in Toronto.

“We hear that buyers are concerned about how the air is filtered through a building and that’s a key decision factor,” says Brown. “In addition to this amazing technology that will remove 99% of viruses and pathogens, water is filtered in the building so tap water is as clear as bottled water.”

XO2 Condos will have 410 units in the 19-story skyscraper and will include studios, one-, two-, and three-bedroom suites.

XO2 condos

DETAILS

Site: King and Dufferin streets.

Developer: Lifetime developments

Architect: Turner Fleischer Architects; Interior decorator: Tomas Pearce Interior Design

Following : 410 units, in a 19-story high-rise, including bachelor, one-, two-, and three-bedroom units, as well as a small two-story townhouse complex for living and working. Condominium suites from 406 to 1,045 square feet, from $500,000 to $1.7 million.

Approvals: King West location serviced by two TTC streetcar lines as well as future SmartTrack and Ontario Line services. Perfect transit score and high walk score. The building will include Freemotion Fitness Lab, a boxing studio, a Think Tank co-working space, a den and children’s play area, a games room, a residents’ lounge with kitchen and dining area, an outdoor terrace, an urban park on the roof with a petanque court.

Website: lifedevelopments.com/project/xo2/

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In South Florida, Donald Trump offers luxury condos and hotels – but with his name on them? | national https://tribunetower.info/in-south-florida-donald-trump-offers-luxury-condos-and-hotels-but-with-his-name-on-them-national/ Tue, 25 Jan 2022 02:17:07 +0000 https://tribunetower.info/in-south-florida-donald-trump-offers-luxury-condos-and-hotels-but-with-his-name-on-them-national/ MIAMI — New real estate venture Doral launched by former President Donald Trump includes the traditional trappings of its promotional book: luxury amenities, access to top-notch golf, and a swaggering statement from Trump himself touting it as “can- to be the most exciting development in the Country.” But as described in an application to the […]]]>

MIAMI — New real estate venture Doral launched by former President Donald Trump includes the traditional trappings of its promotional book: luxury amenities, access to top-notch golf, and a swaggering statement from Trump himself touting it as “can- to be the most exciting development in the Country.”

But as described in an application to the city’s planning department, the proposed “Doral International Towers” complex lacks a mainstay of the celebrity mogul’s real estate businesses: the use of “Trump” in the name.

The four towers, which would rise 42 stories on the footprint of the existing Trump National Doral Miami complex, so far owe their name only to the city where they would be built and not to the 45th president who wants to build them.

“He gave us the name,” said Felix Lasarte, the Miami attorney and lobbyist hired by the Trump Organization to push the 2,000-plus-unit condominium project through the zoning and use process. lands of Doral. “He wants the focus to be on Doral.”

The proposed Doral project overlooking Northwest 87th Avenue and 36th Street could offer a case study in Trump’s branding after his first presidential term, which ended with the Republican falsely claiming he had winning an election, then overseeing an effort to nullify it.

Trump’s success as a famous real estate mogul and reality TV star has earned him one of the most famous names in real estate, with developers in Sunny Isles Beach, Fort Lauderdale and beyond. formerly paying licensing fees to place the Trump name on their towers.

In appealing its Miami-Dade County property taxes in 2018, an attorney for the Trump Doral said it was “seriously underperforming” compared to the Turnberry Golf Resort at Aventura and other competitors, partly blaming “a certain negative connotation with the brand”.

Doral was one of the closest towns to Miami-Dade County in the 2020 election, with Trump just leading Joe Biden 51% to 49%, according to an analysis by the Miami Herald.

Trump needs approval from Doral City Council to build the towers, with votes expected later this year. Construction could begin in late 2023, ahead of a 2024 presidential campaign. Trump hints he is ready to run for a second term in the White House.

The proposed towers would be about double the height of buildings at Doral’s new malls, Lasarte said, and are to be reviewed by the Miami-Dade County Department of Aviation.

With 2,222 proposed condos expected to sell in the $2 million range, the proposed project would also include approximately 82,000 square feet of retail and nearly 500,000 square feet of office space.

The complex itself would shrink from 643 hotel rooms to 470 after demolishing existing buildings. Two of the current 15 buildings would be demolished, Lasarte said.

The five-page letter of intent that Lasarte sent to the city on Jan. 14 outlining the project says “Trump National continues to be an internationally acclaimed and universally advertised golf destination,” but does not mention Donald Trump.

It describes the proposed project as “a mixed-use shopping center in the heart of the city’s downtown area which will be known as Doral International Towers”.

Trump bought the former Marriott out of bankruptcy in 2012. A disclosure document lists Trump as the beneficiary of the trust behind the entities that own the 54-acre property and its golf courses, including the famous ‘Blue Monster’ .

Will Trump keep his name out of the project?

News of the business came first from Trump. In a press release issued by his office on January 17, Trump celebrated the Blue Monster’s recent upgrades and announced an upcoming “Phase 1” expansion in Doral with luxury housing, commercial and commercial space. “This is perhaps the most exciting development in the country,” the statement said.

After inquiring with the Miami Herald about the absence of the Trump brand, Lasarte said the former president told him Monday night that the project would likely bear his name as well.

“He said, ‘These are work plans,'” Lasarte said. ”Trump Doral” is what he called it.

Copyright 2022 Tribune Content Agency.

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NJ: Transit village, with 4,200 apartments, to replace Newark Bears Stadium https://tribunetower.info/nj-transit-village-with-4200-apartments-to-replace-newark-bears-stadium/ Fri, 14 Jan 2022 12:31:13 +0000 https://tribunetower.info/nj-transit-village-with-4200-apartments-to-replace-newark-bears-stadium/ Newark’s skyline is set to get much taller now that the Central Planning Board has approved a massive redevelopment plan to build 11 high-rise towers and 4,200 apartments on the site of Newark Bears Stadium. The Central Planning Council unanimously approved the nine phases of the CitiSquare project at its December meeting. Accurate Builders & […]]]>

Newark’s skyline is set to get much taller now that the Central Planning Board has approved a massive redevelopment plan to build 11 high-rise towers and 4,200 apartments on the site of Newark Bears Stadium.

The Central Planning Council unanimously approved the nine phases of the CitiSquare project at its December meeting. Accurate Builders & Developers has been given the green light to move forward with Phase I of its project, which calls for the construction of two 18-story towers with 598 residential units and 22,000 square feet of commercial space with easy access to the NJ Transit light rail link.

And that’s just the beginning.

When fully constructed, the Transit Village on the site of the former Bears Stadium on Broad Street will be a cluster of 11 high-rise buildings across from Rutgers Business School and within walking distance of the New Jersey Performing Arts Center.

“The City of Newark has an incredible vision for this property and we are thrilled to partner with them on this exciting project,” said Jack Klugmann, president and CEO of Accurate Builders & Developers.

Mayor Ras J. Baraka said the project is another huge investment in Newark’s revival.

“The redevelopment of the eight-acre Bears Stadium site is the kind of transformative project that only comes around a few times in a generation,” he said. “Additional housing, space for entrepreneurs and small businesses, and retail facilities bring us closer to our goal of a vital, exciting and 24-hour accessible downtown.”

The plan calls for 4,200 apartments to be spread across three 37-story towers, plus another eight buildings that will be about half that size. There will be 100,000 square feet of retail space and 2,000 underground parking spaces.

The units will be studios, one, two and three bedroom apartments. The developer is required to set aside 200 units as affordable housing, including 30 units produced during Phase I of construction.

Additionally, Accurate has agreed to contribute $15 million to the Newark Affordable Housing Trust Fund and establish a training, retention and apprenticeship program to hire Newark residents.

Baraka said the deal advances his goal of creating more equity for city residents.

“The new construction training and apprenticeship component will open up well-paying union jobs to Newark residents and we will have taken another giant leap forward in our equitable growth strategy,” Baraka said.

Developer and contractor Accurate has completed large-scale apartment and townhouse projects in Linden, Basking Ridge, Parsippany and Little Falls. He is also responsible for The Crossing, a 256-unit transit village in Raritan, and ScenicVue, a 651-unit apartment building on the Hudson River waterfront in Bayonne.

Klugmann said the CitiSquare project will add new energy to downtown Newark. The company hopes to begin construction in the spring.

“CitiSquare will be a vibrant new lifestyle destination that combines community, culture, restaurants, green spaces and a location near public transit,” he said. “Mayor Ras Baraka and Deputy Mayor Allison Ladd deserve tremendous credit for starting this project and we look forward to working alongside them as we create one of New Jersey’s most vibrant new neighborhoods right here in Newark.

The 11-acre site at the intersection of Broad and Division streets has been barren since 2019, when the wrecking ball arrived and demolished Newark Bears Stadium. Built with approximately $34 million in public money, the stadium opened in 1999 and brought minor league baseball back to the city, reminiscent of the Bears, an agricultural club of the New York Yankees, and the Newark Eagles, a Negro League team.

But the Bears struggled to build a fan base and the club closed in 2014. Originally known as Riverfront Stadium, the stadium was renamed Bears and Eagles Stadium and was the home ground of NJIT and Rutgers-Newark.

Manhattan-based developer Lotus Equity Group bought the property from Essex County for $23.5 million in 2016 and initially proposed building a high-rise wooden tower, seen as a more environmentally friendly type of construction. the environment. This project never materialized and Accurate stepped in with its plan for a much larger project.

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Richard Cowen can be contacted at rcowen@njadvancemedia.com.

©2022 Advance Local Media LLC. Visit nj.com. Distributed by Tribune Content Agency, LLC.

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More growth expected in northeast Manatee County https://tribunetower.info/more-growth-expected-in-northeast-manatee-county/ Tue, 11 Jan 2022 11:31:51 +0000 https://tribunetower.info/more-growth-expected-in-northeast-manatee-county/ This story was updated on January 11. A property owned by Jones Potato Farm in Manatee County has been approved for development, but has yet to be sold to a developer. Further growth is expected in northeast Manatee County, where a planned community project with 7,200 homes and a new private sewage treatment plant east […]]]>

This story was updated on January 11. A property owned by Jones Potato Farm in Manatee County has been approved for development, but has yet to be sold to a developer.

Further growth is expected in northeast Manatee County, where a planned community project with 7,200 homes and a new private sewage treatment plant east of Parrish could trigger the biggest development boom since Lakewood Ranch.

L3 Partnership LLC proposed an agricultural neighborhood, or “Agrihood,” which would build the company’s 5,000-acre farm in northeastern Manatee with 7,200 homes, 2 million square feet of commercial space and 1.8 million square feet of light industrial space, combined with larger tracts of farmland and 80 acres of open space.

“This is the single largest project the county has ever approved,” said attorney Mark Barnebey, who represents L3 Partnership.

“It’s not as big as Lakewood Ranch, but Lakewood Ranch has been approved in phases, and it’s bigger than any single phase that has ever been approved,” he said. “It would be similar in population to the town of Palmetto.”

Also in Parrish: Development is expected to continue near Parrish in northern Manatee County

And: Big changes could happen in Manatee County as redistribution moves forward

If it comes to fruition, the project could fuel a searing housing market in the Parrish area, where North River Ranch is already bringing in nearly 6,000 new homes after construction. This project already has around 300 housing units on the land and around 1,000 lots under active development. Several other developers are also building houses nearby.

But there are risks with the Gamble Creek Village project. It requires developers to successfully establish a private sewage treatment plant for residents. It is also three kilometers east of the Manatee Future Development Zone boundary, an urban boundary intended to prevent urban sprawl from spreading into rural lands to the east.

Public opinion is mixed, as those seeking to preserve the county’s farmland grapple with the writing on the wall that rapid manatee development creeps east of the urban boundary earlier than foreseen.

“The problem is, (we) see it as the lesser of two evils,” local resident Mark Vanderee said at a recent town hall meeting.

“The risks associated with this are real,” he said. “You take a leap forward. There is a risk that the infrastructure will collapse under a private entity. There are questions about insurance bond issues in the future… But among my neighbors, the discussion is that they have lost confidence in the ability (of the County Commission) to control the overdevelopment of our county and to preserve the natural beauty of the eastern county. ”

Crossing the line

“Development breeds development,” adjacent property owner Alan Jones told the Herald-Tribune.

He owns the Jones Potato Farm and has been growing potatoes and green beans in Manatee since 1986. Approximately 4,500 acres of his property lies along the eastern and northern boundaries of the village of Gamble Creek.

While Jones sees the risks associated with the Gamble Creek Village project, he also sees an opportunity for the community of Parrish.

“Really this area has been sitting here for many years because Lakewood Ranch has been successful and all of this land is being developed,” Jones said. “This is the next development zone to take place. In the Parrish region, we are not against development, we just want to have smart planning and development, and build the roads with development.”

Since the development would be east of the urban boundary, the sewage treatment plant proposed by L3 is a mainstay of the effort as the county will not provide utilities beyond this line.

But establishing the plant is expensive, and landowners between the urban boundary and Gamble Creek Village would benefit from being allowed to operate the proposed plant, rather than trying to build one themselves if they choose to develop. their property.

Manatee County Commissioners stopped before moving the urban boundary, meaning that under current rules development restrictions still apply to nearby farm owners, while Gamble Creek Village is the only one that would be allowed to develop intensively under the current rules.

In other news: ‘I’ve had pretty much all this advice I want’: Manatee County Commissioner resigns

Jones – who recently zoned a 635-acre property in Parrish for development, where, although it hasn’t been sold, North River Ranch developer Neal Land and Neighborhoods hopes to develop around 1,833 homes – asks if nearby landowners such as himself and others who own land within that two-mile gap will be able to tap into the sewage treatment plant and position their land for future development.

“I own an adjacent lot, will I be allowed to develop on my property as well? It’s a question I have, ”Jones said. “It’s just a weird situation that has never happened in Manatee County before, where they went out and zoned 5,000 acres for heavy use in the middle of a farm property.”

The board still has not given final approvals for the project, but the stars appear to be lining up the effort with the county commission approving the necessary changes to the overall plan on December 16 to make the proposal L3 possible.

At that meeting, Commissioner Carol Whitmore addressed the subject, asking Barnebey if nearby landowners would also be able to tap into the new wastewater treatment plant.

“It’s going to cost a lot of money to make this processing plant,” Whitmore said. “The idea was to allow other landowners – as it would be prohibitive for others to be able to do so in the future – and to design it (thus) with the financial support of other people they could exploit if they so decided in the future. “

Barnebey said the L3 partnership would be open to the idea if the county allows it and the financial commitment is made by the interested party.

Commissioner Misty Servia was the only board member to vote against the overall changes to the plan, citing fears that approval of this development would lead to more residential growth east of the urban boundary.

“I think this concept is so cool, I love this concept,” Commissioner Misty Servia said at the December 16 meeting. “My problem is its location and timing, because everything between the (city boundary) and this property is going to change once that is approved … It’s like releasing the pressure valve. You’re going to see growth between the ( urban limit) and this land, and that concerns me. “

Build Parrish

Almost like an olive branch to the locals – many of whom are longtime farmers who see development explode around them – the commissioners voted unanimously on Jan.4 to commit $ 4 million in funds from the ‘American Rescue Plan Act to bring sewer infrastructure to the village of Parrish.

This plan would allow restaurants to join in the fun and could be a crucial step in creating a “downtown” for the growing community of Parrish. There are new schools in the area, many homes under construction and the residents of Gamble Creek Village would surely frequent the area if there were more dining options.

Jones, who serves as the rural development president of the Parrish Civic Association, said the effort was badly needed. The association has a “Parish Action Plan” in which it defines its objectives for the community.

“You can have an office over a septic tank, but you can’t have coffee,” Jones said. “You can’t have a restaurant here unless you have a sewer. So here we are, we have all this development going on all around us, and you have this 150 year old community right on (US) 301, the old village of Parrish, and the county wouldn’t have bit the bullet and would not have put the sewers for us. “

Following: Manatee, Sarasota Developer, Reaches 2021 Home Sales Goal for the Parrish Community Almost 2 Months Earlier

Commissioner George Kruse said the funds and infrastructure give residents a chance to develop the village as they see fit.

“One of the problems they had is why there are only four restaurants there, it’s without this sewage expansion, you can’t really build a business there,” he said. Kruse said. “They’re trying to build the whole downtown area … I think we need this sewage expansion to encourage it … You’re not going to attract people to Parrish Village except not there first. This is one of those situations where we have to put that in place to attract the people who will end up paying it off effectively to build the next step of something. “

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Abandoned hotel in the project, condos for sale added to the mix https://tribunetower.info/abandoned-hotel-in-the-project-condos-for-sale-added-to-the-mix/ Tue, 11 Jan 2022 00:25:58 +0000 https://tribunetower.info/abandoned-hotel-in-the-project-condos-for-sale-added-to-the-mix/ CUPERTINO – More than five years after gaining approval to renovate the Marina Plaza shopping center, the developers behind the project have returned to the drawing board and abandoned plans to build a hotel and apartments for rent. In September 2016, Cupertino City Council authorized owner De Anza Venture LLC to build 23,000 square feet […]]]>

CUPERTINO – More than five years after gaining approval to renovate the Marina Plaza shopping center, the developers behind the project have returned to the drawing board and abandoned plans to build a hotel and apartments for rent.

In September 2016, Cupertino City Council authorized owner De Anza Venture LLC to build 23,000 square feet of shopping and dining, a 122-room hotel, and 188 housing units – 16 of which were below price. from the Market – in the Bandley Shopping Center. To drive. Most of the buildings in the center, including the main Marina Food grocery store, would be razed.

But after the DeAnza team resolved a series of challenges, including an easement issue with an adjacent landlord, the pandemic hit. This not only slowed everything down, but also brought down demand for new hotels. As a result, the development team decided to change course and scrap the hotel, according to project consultant Amy Chan.

“In order to at least have the pencil of the project, the property needed to rethink the project a bit more,” Chan said. “Right now, where we are, we are trying to convert the hotel site into a mixed-use site with housing upstairs and retail downstairs.”

The plans for the 188 rental units have also changed. Instead, Chan said, they plan to increase the number of homes to 206 and convert them into condos for sale – a move, she says, resulting in community members looking for more opportunities to home ownership.

“It will really transform this corner of Cupertino,” said project manager Greg Endom. “The current mall is old and tired, and I think what we’re talking about and what we’re hoping to bring to the city will really freshen up the area.”

The project team has also hired a new architect closer to the region: Larry Wang, president of Tectonic Builders Corp. Wang’s office is located in the mall.

“It has a much more connected sense of community, of what the community is looking for, of what city officials are sensitive to. And that was one of the few changes in our band that we consciously made to really focus on being local and catering to the local temperature of what everybody wants to see,” Endom said.

Since the plan has changed significantly since it was approved years ago, the revised version must be submitted to the city council for consideration. A date has not yet been set.

Mayor Darcy Paul said that while the move to condos for sale is not a “public policy decision” that all council members can agree with, he does support having more homes occupied by their owner in Cupertino.

“They help foster a sense of place and also stewardship,” he said.

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As South Florida condos age, more homeowners are willing to sell https://tribunetower.info/as-south-florida-condos-age-more-homeowners-are-willing-to-sell/ Sat, 08 Jan 2022 08:10:42 +0000 https://tribunetower.info/as-south-florida-condos-age-more-homeowners-are-willing-to-sell/ [ad_1] FORT LAUDERDALE, Florida For some South Florida condo dwellers, that pat on the shoulder could be the deal of a lifetime. The burning tri-county real estate market prompts developers to take stock of the region’s oldest waterfront skyscrapers as potential buyout candidates for the redevelopment. While not new, the trend has grown in importance […]]]>


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For some South Florida condo dwellers, that pat on the shoulder could be the deal of a lifetime.

The burning tri-county real estate market prompts developers to take stock of the region’s oldest waterfront skyscrapers as potential buyout candidates for the redevelopment. While not new, the trend has grown in importance as vacant lots disappear and more out-of-state residents move to the southern part of the country. Florida in search of luxury digs.

Homeowners who wouldn’t have thought of selling before now take the idea of ​​relocating seriously when faced with high buyout bids, industry analysts and lawyers say.

– In Pompano Beach, The Related Group recently acquired the owners of the 46 low-rise Beach Villa units at 900 North Ocean Drive. The resort was built in 1978. The company recently obtained city approval to rezone the property so that it could build a 21-story luxury tower in place of the Beach Villa.

– In Miami Beach, the owners of the Castle Beach Club, a 17-story skyscraper circa 1966 on Collins Avenue, received so many unsolicited offers from various unidentified suitors that they hired Colliers, the real estate services company , to sort them.

– In Sunny Isles Beach, Related Group and Dezer Development celebrate the sale of their new 55-story Armani / Casa luxury tower. The project, which began in 2016, came after developers took over a site that housed the decades-old Seashore Club, a low-rise 170-unit complex, which they bought.

While this latest deal dates back about five years, it is emblematic of how new high-end condo projects are increasingly displacing long-standing residential sites whose early years are distant memories.

“It appears to be a growing trend,” said Gerard Yetming, executive managing director of Colliers, the real estate services company. “Really, there are very few opportunities to build a new skyscraper in such a desirable location as on the beach. “

HOW IT WORKS

Yetming said the obvious draw to homeowners selling their older units is the high price developers are willing to pay for them.

“They are starting to realize that this is something that we should explore in an organized fashion,” Yetming said. “Only with the right collective goals and a counselor can you do anything. “

He said there are a lot of buyout initiatives that you don’t hear about. Many fail, he said, amid bidding wars or internal disagreements over whether a sale should take place in the first place. It always takes a consensus among unit owners to move forward, he said.

“These are more of the exceptions than the rule,” he said of successful buyouts.

“It’s not for all buildings,” Yetming added. “There are a lot of well-constructed, well-located, well-managed buildings that are probably not good candidates. There has to be a very specific set of circumstances for these agreements to work. “

Once an older building is acquired, the time between the sale and construction of a new project ranges from 18 to 24 months, said Eric Fordin, general manager of the condos division of Related.

“Once the buyout is complete, it takes 6 to 9 months to get site plan approval,” he said. “Then the sales and marketing process varies by market but usually takes 6 to 9 months as well. From when we release construction documents to obtaining a permit, it usually takes 12 months as well.

THE FACTOR OF CHAMPLAIN TOURS

Some sales drivers include increasing building maintenance costs.

For years, members of several condominium associations have postponed repair projects because of their expenses. A potential consequence of deferred maintenance became clear after the terrifying collapse of the Champlain Towers at Surfside, which claimed the lives of 98 people.

The disaster caused a major ripple effect of concern among the residences of other older buildings along the Gold Coast.

“The Champlain Towers incident is really, really pushing this trend,” said Joseph Hernandez, partner and chairman of the real estate practice group at the law firm Weiss Serota Helfman Cole & Bierman in Coral Gables.

“The trend has been going on for quite some time,” he said. “I have been doing these transactions for 10 years. The trend really started because we are entering the period where condos developed in the 70s or 80s are becoming functionally obsolete.

“Now people are listening to the problem a lot more,” Hernandez said. “They are trying to come together and sell their property like they weren’t before.”

He added that he had seen “a two to three-fold interest in these transactions in the last year since the Champlain Towers”.

“Normally I work on a few of these deals” every year, he said. “I’m currently working on seven or eight major transactions. “

PREMIUM PRICE FOR PREMIUM PROPERTIES

Yet it is the economy of results that decides whether a deal comes to fruition, Yetming de Colliers said.

“The only time it makes sense is when the value of the underlying land is significantly higher than what collective units are currently selling for,” Yetming said. “Otherwise, why would anyone want to sell their property unless they can make a big profit?”

Jamie Sturgis, founder and CEO of Native Realty Co. in Fort Lauderdale, said “all-time records” are paid for multi-family buildings as new residents arrive in South Florida from outside from the city and from outside the country.

“I would say the vast majority of the targeted sites are on the beach, in light of what has happened in Surfside,” he said.

Many owners are snowbirds who see this as “an opportune time …

Nick Perez, vice president of The Related Group, said the owners of Beach Villa in Pompano sold after realizing they could double or even triple their money from their original purchase price.

“At the end of the day, that was the price they were getting for their units,” Perez said. “I would say they were getting well above the market price for their units. No one has to sell. Fortunately, I was the only one trying to acquire all the units and I didn’t have a bidding war.

He said he met 26 or 27 of the 46 owners.

“There was a bit of a grip,” Perez said. “They didn’t want to leave the beach.

Some wondered where they would live next. Attached allows vendors to stay until the end of the winter season.

“The ultimate deciding factor was that if they sold to another end user than what I was offering, they would have gotten a significantly lower amount of money,” he said.

Perez did not provide any sales figures.

But sales data uncovered by Zillow, the national online real estate research and investment firm, revealed some homeowners were awarded as much as $ 800,000 for their one-bedroom, one-bathroom and one-bedroom units. of 302 square feet with a market value of just under $ 200,000.

It is not difficult to understand the appeal of Related. The 3.07 acre complex of one and two story buildings is located directly on the beach between the Atlantic Ocean and the A1A state road. The property offers extensive green areas and a community pool at the back.

In Its Place: Related is planning a 21-story mixed-use luxury condominium tower with 119 condo units and approximately 2,200 square feet of retail space, according to a filing with the City of Pompano Beach.

A short distance to the north, Related is building another luxury skyscraper called the Solemar, which the company says is 99% sold.

The quick sale, according to the company, is an example of the searing demand for beachfront properties.

“There really isn’t any real vacant land ripe for development right on the sand,” Perez said. Forty-year-old low-rise buildings are the second best thing.

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