square foot – Tribune Tower http://tribunetower.info/ Sun, 27 Mar 2022 12:28:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://tribunetower.info/wp-content/uploads/2021/11/tribune-120x120.png square foot – Tribune Tower http://tribunetower.info/ 32 32 Iconic Upper East Wales hotel to be reborn as condos https://tribunetower.info/iconic-upper-east-wales-hotel-to-be-reborn-as-condos/ Thu, 17 Mar 2022 14:38:00 +0000 https://tribunetower.info/iconic-upper-east-wales-hotel-to-be-reborn-as-condos/ The more things change, the more they stay the same. An iconic old hotel in the conservative, co-coated Carnegie Hill section of the Upper East Side is about to become (gasp!) condos. But never fear, the building attracts the same well-heeled old characters it has always attracted. Dating from 1899 and located at 1295 Madison […]]]>

The more things change, the more they stay the same.

An iconic old hotel in the conservative, co-coated Carnegie Hill section of the Upper East Side is about to become (gasp!) condos.

But never fear, the building attracts the same well-heeled old characters it has always attracted.

Dating from 1899 and located at 1295 Madison Ave. at 92nd Street, Wales never had the momentum of, say, the Carlyle or Mark hotels. But, for more than a century, it has quietly attracted and hosted entertainers, the pre-Met Gala crowd, affluent Europeans and South Americans and, above all, locals who shone at dinners at the hotel’s restaurant. , the Sarabeth’s.

“It’s the best part of New York,” Australian artist and mid-century “it” girl Vali Myers told The New York Times of the hotel, where she stayed in 1984 (she died in 2003). “I look out my window and I feel like it’s London… At night, the old Hungarian ballerinas who live here put on their diamond earrings and go out.

Now – after selling to DLJ Manhattan Real Estate, a subsidiary of DLJ Real Estate Capital Partners, for $35 million in August 2017 and then to Matthew Adell’s Adellco – the Renaissance Revival-style hotel’s 87 rooms and suites of 10 floors will become just 21 posh residences.

Wales was home to fashion icons like Vali Myers (inset). Now it hosts a pimped penthouse.
Rose Hartman/Getty Images; August PR NY

Today, Adell told the Post exclusively that he was listing the crown jewel of the conversion: a 4,179-square-foot penthouse on a full floor with five bedrooms, five bathrooms, a wrap-around terrace and a rooftop. -terrace, offering stunning views of Central Park and the Jacqueline Kennedy Onassis Reservoir. It’ll cost you $23 million — a far cry from the $30 to $65 a day the hotel charged for rooms (many of which had kitchens) in 1982.

The two-, three-, and four-bedroom residences cost $3.85 million, $5.75 million, and $7.42 million, respectively. The move-ins are planned for the end of 2022.

“The opportunity is extremely rare,” Adell said. “We were fortunate enough to completely renovate the interiors within the magnificent shell of an iconic property in this idyllic neighborhood.”

A bedroom inside a penthouse in Wales.
The historic Wales Hotel at Madison Avenue and 92nd St. unveils a splashy penthouse condo asking for $23 million.
August PR NY

He can still say it. Condos are still rare in the area known for its elite private schools like Dalton, world-class cultural institutions like the Guggenheim — and snub noses.

But Adell acknowledged the shift in real estate market demand for new inventory, following the 2019 launch of 27 E. 79th St., its newly constructed eight-unit boutique condominium.

“The Upper East Side has never been out of style,” Adell said. “But now it’s trending for a whole new audience.”

He says many newcomers leave downtown for the family-friendly appeal of the area: those aforementioned private schools, proximity to the park, and “sophisticated atmosphere.”

Interior of a unit in Wales.
The hotel’s 87 rooms and suites have been reduced to just 21 condos.
August PR NY

“Carnegie Hill is an enclave of who’s who,” said Leslie Singer, a Brown Harris Stevens broker who lives in the neighborhood. “People stay here forever. With limited availability, inventory changes quickly. »

For those drawn to the region’s elegant architecture, The Wales is particularly distinct.

Its ornate historic facade is restored to its former glory by HQ Preservation architects to include a scaled-down reproduction of the original cornice, with its bold, classic flourishes.

“Early 20th century Beaux-Arts style hotels are rare in Carnegie Hill, especially at this level of architectural quality,” said Bill Higgins, head office manager.

Roof of Wales.
Views from the building have been enjoyed since 1899.
August PR NY

Rarer still is life in a “penthouse” in chic neighborhoods. In most cooperatives and historic hotels, the upper floors are smaller and reserved for staff. But in New Wales, a 3,000 square foot party play area will be built behind the ledge.

The rooftop space will feature a wraparound terrace with an outdoor kitchen, wet bar, fireplace, and butler’s pantry. Meanwhile, penthouse interiors by Parisian design firm Pinto include a great room with southwest exposures with coffered ceilings, a fireplace, kitchen with dining area, and white lacquer cabinetry.

“We were fortunate enough to completely renovate the interiors within the magnificent shell of an iconic property in this idyllic neighborhood.”

Welsh owner Matthew Adell

Drawing inspiration from the building’s original facade, Pinto also designed the Wales common areas and residences in a marble, classic and contemporary aesthetic.

The residences have herringbone oak floors and custom kitchens with Bianco Carrara and Grigio Nicole marble bathrooms.

Amenities include a fitness center, pet spa, bicycle storage, and private storage, as well as a 24-hour doorman and concierge.

“It’s the best of both worlds,” said JP Forbes, sales manager of The Wales and estate agent at Corcoran Sunshine Marketing Group. “You have the elegance of a pre-war building and the luxury of new construction. They don’t build buildings like this anymore.


These are the people in your neighborhood

Inset by Andrew Carnegie on an exterior of the Cooper Hewitt Museum.
Andrew Carnegie’s Fifth Avenue mansion (inset) is now the Cooper Hewitt Museum.
Bettmann/CORBIS; John Lamparski/Getty Images

In 1919, Mrs. Henry Prince was residing in Wales when she reported to police detectives that her jewelery worth $20,000 (about $328,000 in today’s lettuce) had been stolen!

Ms Prince had boarded a bus with the gems in her bag as she returned from a Riverside Drive party and when she got to her room she found her bling was missing, the New York Tribune reported .

It was a hair puller for detectives who couldn’t find a trace of Mrs. Prince’s sparklers. Depressed Dicks called the lady to report the bad news only to discover a bewildered Mrs. Prince at the door. “Jewels? Oh, those jewels?” Why were they still looking for it? It wasn’t missing. It was where she left it, under her pillow. She found it a few days ago.

More than 100 years later, Carnegie Hill is still home to the rich and eccentric.

Aerial view of Manhattan's Upper East Side
Carnegie Hill is home to many of New York’s most thunderous old neighborhoods.
Getty Images

Bordered by 86th Street to the south, 96th Street to the north, Central Park to the west and Lexington Avenue to the east, the nabe is named after Andrew Carnegie, who built his sprawling mansion on Fifth Avenue and the 92nd Street at the turn of the 20th century.

Since then, celebrities and industry titans have called the neighborhood home, including David Rockefeller, Bette Midler, Gwyneth Paltrow and Woody Allen.

The area is also a tourist hub thanks to the Neue Galerie, the Guggenheim, the Cooper Hewitt Museum (former home of Carnegie) and the Jewish Museum.

Lined with chic restaurants and outdoor cafes like Island, Pascalou, Sfoglia and Vicolina, as well as long-time retailers, like the Corner Bookstore, BHS broker Leslie Singer says Carnegie Hill “looks like Paris in summer.”

And for those looking to buy in the good life downtown – known for its limestone mansions and pre-war apartment buildings by architects like Rosario Candela and JER Carpenter – know that if you have to ask what it costs, you can’t afford it.

In 2021, apartments sold in Carnegie Hill were 40% more expensive and 27% larger compared to the Upper East Side as a whole, according to data from Corcoran Group Market Research.

There are currently only 16 new development sponsor units at Carnegie Hill, spread across just three buildings – Wales, 180 E. 88th St. and 1228 Madison Ave. – with an average asking price of $8.2 million, according to data from Brown Harris Stevens Development Marketing. (The Bellemont at 1165 Madison Ave. and a redevelopment at 1143 Fifth Ave. are in pre-development and have not yet launched sales.) This represents 29% of all actively marketed new inventory on the Upper East Side where a total of 56 units are available with an average listing price of $7.35 million.

“With few development sites available and minimal product in the pipeline, these coveted new buildings are poised to meet buyer demands and exceed pricing,” said Laura Tomana, vice president of research and data. market at Brown Harris.

“Carnegie Hill offers an opportunity to live along Park or Madison Avenues a bit further north than buyers previously sought, but attracts those who want more space, services and amenities who are willing to spend.”

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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 […]]]> ]]> Chicago’s Aurora Hotel to be Renovated for Low-Income Seniors https://tribunetower.info/chicagos-aurora-hotel-to-be-renovated-for-low-income-seniors/ Tue, 01 Mar 2022 17:17:00 +0000 https://tribunetower.info/chicagos-aurora-hotel-to-be-renovated-for-low-income-seniors/ North Island Apartments at 2 N Stolp Ave, Aurora (Apartments.com) An apartment for low-income seniors, the historic former Aurora Hotel in suburban Aurora, will be undergoing rehabilitation after more than 20 years since its development. The city has set aside $400,000 of its block grant funds for community development with details pending on the city’s […]]]>

North Island Apartments at 2 N Stolp Ave, Aurora (Apartments.com)

An apartment for low-income seniors, the historic former Aurora Hotel in suburban Aurora, will be undergoing rehabilitation after more than 20 years since its development.

The city has set aside $400,000 of its block grant funds for community development with details pending on the city’s contribution to the project on Galena Boulevard and Stolp Avenue, according to the Chicago Tribune.

There are “several issues on this property,” Chris Ragona, Aurora’s community development manager, told aldermen during a meeting of the city council’s public health, safety and transportation committee during the discussion of the overall funding for this year’s grants.

The former luxury hotel, opened in 1917 and listed on the National Register of Historic Places, was transformed into 56-unit affordable housing in 1996 for seniors age 60 and older. The subsidized resort charges a monthly rent of $500, well below the average rent of $1,499 for a 900-square-foot apartment in Aurora, according to rentcafe.com.

At the time of development, the owner received assistance from several state and federal sources, including $750,000 to comply with historic preservation guidelines. The city council also voted to grant a $550,000 loan to the owner with a 1% interest rate as part of the project.

While the property has almost fully occupied, the landlord has been hit with vacancy rates between 10-20% at one point in the pandemic. Ragona expects Aurora city officials to have a more detailed agreement over the summer for the owner of the property.

“In order to keep rents low, there’s not a lot of money left over for other things,” Ragona said. “So when there are serious vacancies, it has an effect.”

[Chicago Tribune] – Connie Kim

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LIGHT PLACE CASINO & HOTEL BECOMES HORSESHOE SAINT LOUIS | State News https://tribunetower.info/light-place-casino-hotel-becomes-horseshoe-saint-louis-state-news/ Mon, 07 Feb 2022 15:00:00 +0000 https://tribunetower.info/light-place-casino-hotel-becomes-horseshoe-saint-louis-state-news/ SAINT LOUIS, February 7, 2022 /PRNewswire/ — Legendary casino brand Horseshoe is coming to Saint Louis as Lumière Place Casino & Hotel begins its transformation into Horseshoe Saint Louis. The evolution of the property should be finalized in the spring of 2022. The transformation into the legendary Horseshoe will include a revamped exterior with Horseshoe […]]]>

SAINT LOUIS, February 7, 2022 /PRNewswire/ — Legendary casino brand Horseshoe is coming to Saint Louis as Lumière Place Casino & Hotel begins its transformation into Horseshoe Saint Louis. The evolution of the property should be finalized in the spring of 2022.

The transformation into the legendary Horseshoe will include a revamped exterior with Horseshoe signage, a new look for the casino floor including updated carpeting and lighting, new slot machine options and an all-new Starbucks coming soon more late in the year. In keeping with classic Horseshoe sophistication, the design team will incorporate an artisanal feel with worked leather, dramatic colors and the brand’s gold horseshoe iconography. Additional details will be announced as it develops.

“We are thrilled to usher in a new era and bring the historic Horseshoe to Saint Louis,” noted Brian Marsh, general manager of the property. “Horseshoe Saint Louis will bring a fresh new look and introduce exciting new gaming offerings for our guests. We couldn’t be prouder to bring this legendary brand, known for poker and gaming, to our guests here at Lumiere Place.”

Since 1951, Horseshoe Casinos have offered the best odds, highest limits and biggest jackpots. Launched by a gamer for gamers, Horseshoe is all about creating a player-friendly gaming experience. Over the years, as the brand expanded into markets across the country, Horseshoe has stayed true to its heritage, maintaining the exciting spirit of no-limit betting.

The Horseshoe spirit is already alive in the property’s new WSOP® poker room, where legends never go away. The all-new, action-packed WSOP® poker room is the pulse of poker with 10 tables featuring Texas Hold’EM, Omaha and many more. Tournaments are expected to return in the near future.

Over the next few months, guests will begin to see changes around the property, with the full Horseshoe makeover slated for this spring.

About Lumière Place Casino & Hotel

Lumière Place features a 75,000 square foot casino, top slots, table games and a dedicated WSOP® poker room. The resort has several restaurants, including Slice Pizzera & Pasta, Riverfront Grill, Cinder House, and Mortons The Steakhouse. Lumière Place also includes Lumière Link, a 400-foot tunnel comprising two sections of moving walkway. It offers an easy and secure pedestrian link between Saint Louis’ central business district, the Lumière Place complex and the Mississippi Riverfront. Also located on the Lumière Place complex is the luxurious Four Seasons Hotel St. Louis. To learn more about Lumière Place, visit www.lumiereplace.com

About Caesars Entertainment, Inc.

Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the United States and one of the most diverse entertainment gaming providers in the world. Since its beginnings in Reno, Nevada, in 1937, Caesars Entertainment grew through the development of new resorts, expansions and acquisitions. Caesars Entertainment resorts primarily operate under the Caesars name®Harrah’s®Horseshoe® and El Dorado® brand names. Caesars Entertainment offers diverse amenities and unique destinations, with a focus on customer loyalty and value through a unique combination of impeccable service, operational excellence and technology leadership. Caesars Entertainment is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. If you think you or someone you love may have a gambling problem, call 1-888-BETSOFF (1-888-238-7633). For more information, visit www.caesars.com/corporate.

View original content to download multimedia: https://www.prnewswire.com/news-releases/lumiere-place-casino–hotel-to-become-horseshoe-saint-louis-301475851.html

SOURCE Caesars Entertainment, Inc.

Jack Henry & Associates Announces Next Generation Technology Strategy

Utilities Committee meeting Monday evening

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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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5-story building in progress in Tuscan village | New https://tribunetower.info/5-story-building-in-progress-in-tuscan-village-new/ Sun, 05 Dec 2021 06:00:00 +0000 https://tribunetower.info/5-story-building-in-progress-in-tuscan-village-new/ [ad_1] SALEM, NH – A possible focal point of the Tuscan village takes shape after a beam-raising ceremony on Friday. New Hampshire Senator Chuck Morse (R-Salem) and supportive locals joined Tuscan developer Joe Faro and his team in celebrating this landmark event. According to plans, the place where they met will be a 5-story building […]]]>


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SALEM, NH – A possible focal point of the Tuscan village takes shape after a beam-raising ceremony on Friday.

New Hampshire Senator Chuck Morse (R-Salem) and supportive locals joined Tuscan developer Joe Faro and his team in celebrating this landmark event.

According to plans, the place where they met will be a 5-story building in the spring of 2023.

It will include a 165-room Marriott hotel, 91 luxury apartments with private underground parking, 30,000 square feet of retail space on the ground floor, a 12,000-square-foot reception and reception hall, a signature restaurant. 10,000 square foot Tuscany with expansive alfresco dining, rooftop bar, and pool and sundeck.

Before raising the beam, Morse said, “We’re moving to downtown right now. It is the first building to rise in the city center. It sends a symbol to the town of Salem that is really making a difference, a sense of community, through Joe’s efforts.

Faro commended Governor Chris Sununu, lawmakers and residents for their support. He is delighted, he said, “to reach this milestone in such a transformative and impactful mixed-use building in the heart of the Tuscan village”.

Since 2017, the Tuscany team has been developing the 170-acre property formerly occupied by Rockingham Park. Faro’s vision has been to transform it into a 4 million square foot regional mixed-use destination.

Today, nearly five years after acquiring the land, two phases of the Tuscan Village Project have taken shape, comprising well-known establishments – Massachusetts General Brigham, LL Bean, Nike, Williams Sonoma, Pottery Barn and more.

Approximately 1.2 million square feet of the project are planned for a life sciences campus. The specifics of the occupation of this space and a few others remain unknown.

More information, including a full store directory, is available online at tuscanvillagesalem.com.

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Crain’s study looks at actual sales of luxury apartments in Chicago’s high-rise buildings https://tribunetower.info/crains-study-looks-at-actual-sales-of-luxury-apartments-in-chicagos-high-rise-buildings/ Thu, 18 Nov 2021 21:47:00 +0000 https://tribunetower.info/crains-study-looks-at-actual-sales-of-luxury-apartments-in-chicagos-high-rise-buildings/ [ad_1] St. Regis and Tribune Tower (iStock) Two of Chicago’s most prominent buildings, the St. Regis and the Tribune Tower, delivered several luxury homes to buyers last year, but they are still not disclosing details on the details of their commercial success. Crain’s Chicago Business has searched the public records to find out exactly how […]]]>


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St. Regis and Tribune Tower (iStock)

Two of Chicago’s most prominent buildings, the St. Regis and the Tribune Tower, delivered several luxury homes to buyers last year, but they are still not disclosing details on the details of their commercial success.

Crain’s Chicago Business has searched the public records to find out exactly how full the luxury towers are. One of the key details uncovered by Crain is that between the two towers, 202 condos have sold for $ 1 million or more so far in 2021. Compared to the rest of downtown, St. Regis and Tribune Tower sold approximately 1.4 times more luxury condos. like all the other buildings put together.

“These are tall buildings,” Gail Lissner, senior managing director of Integra Realty Resources and longtime downtown condominium market analyst, told Crain’s. “They would make big numbers no matter what.”

The St. Regis, formerly known as Wanda Vista and later Vista Tower, is located on the south bank of the Chicago River at 363 East Wacker Drive. The 95-story supertall was designed by Studio Gang and features multi-colored glass on the exterior. The 34-story Tribune Tower, located across the river at 435 Michigan Avenue, was converted into condos after the Chicago Tribune vacated the building in 2018.

Two other residential projects recently entered the downtown Chicago market. The 47-story Cirrus at Lakeshore East and the 75-story One Chicago Tower near Holy Name Cathedral have no finished condos to offer buyers yet.

The St. Regis management team has been cautious in posting details of the tower sales. Crain’s contacted the team and was told sales had exceeded expectations and the tower was “about 60% sold or under contract.” According to the newspaper’s research, however, the building’s developer, Magellan, closed sales of 151 of the 353 units in the St. Regis Tower, putting it at 42 percent of sales.

While developers rarely release contracts that are not closed, Redfin estimates that Magellan has scored 18 units under contract, adding 5% to the total. St. Regis units whose sales are pending include two priced over $ 9 million and one above $ 10 million. Crain searched but found no records confirming an $ 18.5 million contract for the 10,640 square foot unit on all of the 71st and 72nd floors announced by Magellan in 2018.

As for the Tribune Tower, promoters Golub Realty and CIM Group sold 51 of the 151 available condos in the building, or 33%. Tower sales manager Jeanne Martini told Crain’s that the number, with pending contracts added, would be “just 50%.”

Martini said seven units were under contract in the week of November 15, in part because a model unit opened a few weeks ago, giving potential buyers the chance to experience what the space actually looks like. of life.

[Crain’s] – Victoria pruitt

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$ 200,000 of condos for sale as part of an affordable housing program in Carlsbad https://tribunetower.info/200000-of-condos-for-sale-as-part-of-an-affordable-housing-program-in-carlsbad/ Wed, 10 Nov 2021 23:56:23 +0000 https://tribunetower.info/200000-of-condos-for-sale-as-part-of-an-affordable-housing-program-in-carlsbad/ [ad_1] The City of Carlsbad will begin receiving applications for its affordable housing resale program on November 19. The program provides affordable housing to low-income home buyers looking for a home in Carlsbad. Two condominiums in the Mulberry community of Carlsbad’s Bressi Ranch will be the first offered for purchase under the program at this […]]]>


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The City of Carlsbad will begin receiving applications for its affordable housing resale program on November 19. The program provides affordable housing to low-income home buyers looking for a home in Carlsbad.

Two condominiums in the Mulberry community of Carlsbad’s Bressi Ranch will be the first offered for purchase under the program at this time and more are planned in the future. Home prices start at under $ 200,000 for an 879 square foot, two bedroom, one bathroom unit.

Eligibility requirements include limits on gross annual income, depending on family size, ranging, for example, from $ 42,450 for a household of one to $ 65,450 for a family of five. Other requirements include that the buyer now resides in San Diego County and has not purchased a unit under another city-administered homeownership or affordable housing for sale program. over the past seven years.

The homes in the program were originally built by a private developer, Lennar, in 2005 to meet the requirements of the City of Carlsbad Inclusive Housing Ordinance and have been sold to qualified low-income buyers at a “Affordable restricted price”.

When several homeowners decided to sell, the city used federal and municipal funds to purchase multiple units in order to maintain and expand the homes’ long-term affordability.

The rules set out by the city provide that the new owner can sell the unit, but that it can only be sold to an eligible buyer at an affordable price for the designated income level specified in the 30-year term of the l ‘OK. The city has the option of repurchasing the unit at a restricted price for the duration of the agreement if the owner later decides to sell the property, as per the program guidelines on their website, carlsbadca.gov/departments/community-development/housing.

The application period ends on January 17th. Applications will be considered in order of receipt. Each application will be placed on one of three eligibility lists, based on the program guidelines, in the order in which it is accepted as complete.

The application form can be downloaded from 19 November on carlsbadca.gov/departments/community-development/housing. Interested buyers can also request the pickup form at 1200 Carlsbad Village Drive.

The completed application and required documents can be emailed to affordablehousing@carlsbadca.gov or mailed or dropped off in person at City of Carlsbad, Attn: Affordable Housing Program, Housing & Homeless Services Department, 1200 Carlsbad Village Drive , Carlsbad, CA 92008.

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Construction loan approved for DeMarcay condos, Home Watch accredited https://tribunetower.info/construction-loan-approved-for-demarcay-condos-home-watch-accredited/ https://tribunetower.info/construction-loan-approved-for-demarcay-condos-home-watch-accredited/#respond Tue, 19 Oct 2021 07:00:00 +0000 https://tribunetower.info/construction-loan-approved-for-demarcay-condos-home-watch-accredited/ [ad_1] • The DeMarcay, a luxury residential condominium project in downtown Sarasota, has closed a new $ 36 million construction loan with the Chicago-based company Pangea Mortgage Capital. PMC provided construction financing to the developer-owner, GK Immobilier. When complete, the 18-story building at 33 S. Palm Avenue will offer amenities such as 24-hour valet parking, […]]]>


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• The DeMarcay, a luxury residential condominium project in downtown Sarasota, has closed a new $ 36 million construction loan with the Chicago-based company Pangea Mortgage Capital.

PMC provided construction financing to the developer-owner, GK Immobilier.

When complete, the 18-story building at 33 S. Palm Avenue will offer amenities such as 24-hour valet parking, a fitness center, rooftop club room and a resort-style swimming pool. offering breathtaking views of Sarasota Bay.

The 39 contemporary residences will be located on the top 11 floors, with each floor having three or four units.

The 1,600 square foot clubhouse and swimming pool perched on the 18th floor rooftop will provide all residents with a place to relax and enjoy breathtaking views of the bay, gulf and city.

A one-bedroom residence starts at $ 735,000, with two- and three-bedroom residences available.

The DeMarcay is expected to be completed in the summer of 2023.

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ICYMI:Michael Saunders announces his victories in HGTV Ultimate House Hunt 2021

Missy Ordiway and Will Tanguay own Cover Your Assets Home Watch.

• Cover your Home Watch assets, in North Port, has received accreditation from the National Home Watch Association.

NHWA was formed in 2009 to establish and maintain the highest industry standards for home surveillance and homeowner services in the United States and Canada.

Missy Ordiway and Will Tanguay, owners of Cover Your Assets Home Watch, have lived in Sarasota and Charlotte counties for over 10 years.

They have over 15 years of experience in the construction and residential construction industry. The couple built homes, held general contractor licenses as handymen, and did roofing, pressure cleaning and pest exclusions.

Ordiway has been an entrepreneur for over 20 years and in many cases held valuable information for customers such as online banking passwords, credit card numbers, and code entry numbers. Ensuring the security of customer information is an important aspect of home surveillance.

Cover Your Assets Home Watch offers services in Punta Gorda, Port Charlotte, Englewood, North Port, Venice, Nokomis, Osprey, Sarasota and Bradenton.

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