Harbor Group International’s Post

BH3 Management, the prominent #SouthFlorida #development and #investment firm that is now redeveloping a piece of #Miami’s Watson Island, is crossing #Florida to build luxury #condos. The Fort Lauderdale-based developer, alongside New Jersey-based U.S. Development, LLC, paid $24.8 million for a 3-acre waterfront site at 551 Gulf Boulevardin #Clearwater Beach, Commercial Observer has learned. The parcel on the Gulf Coast west of #Tampa sits at the southern tip of the barrier island, facing the Sand Key Bridge. The joint venture plans to construct two nine-story condo buildings that will house 86 luxury units in total. Sales are slated to commence this year, and vertical construction is set to follow in 2025. Residences will average just under 3,000 square feet, with prices ranging from $2 million to $10 million. “In many ways, our team is introducing an entirely new market segment in Clearwater Beach, which has been overlooked as a luxury market even as successful high-end projects come to life in neighboring communities,” BH3 Management co-founders Daniel Lebensohn and Greg Freedman said. As land prices have shot up in South Florida during the pandemic, some local developers have launched projects across Florida along the state’s western coast. Last year, Related Group, Miami’s largest condo developer, broke ground for a second Ritz-Carlton condo tower in Tampa. Cathy Cunningham Jeff Ostrowski Chava Gourarie James R Freiman Jonathan McReynolds Schwartz Media Strategies Claire Wolff Charlie Carreno Eric Edidin Aaron Gordon Samantha (Ryan) Grant Reilly Lockwood

The most active markets. #TuesdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance Respectable growth of over 8,000 units each is also occurring in City Center Philadelphia, downtown Miami/South Beach, Dallas’ Frisco neighborhood and Southwest Charlotte, NC. While these examples stand out, they are far from the only neighborhoods seeing new apartment construction. “Only about 13% of the 750+ submarkets across the nation’s 50 largest submarkets had no construction underway as of 3rd quarter, equating to about 100 submarkets,” the report noted. #SourcingAndSelling #SellingAndSourcing #Retwit ~ Contact Us for Commercial Investments, Financing and Insurance. Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialRealEstate #CommercialFinance #CommercialInsurance #CommercialTitleAndClosing #CommercialProp https://lnkd.in/eMw5e89i

Apartment rents hit an all-time high in Greater Boston this summer while the pace of construction slowed to a decade-long low, Colliers is reporting. The new construction pipeline represents 5.5 percent of the market’s inventory, down from a peak of over 12 percent in 2019. The last time that figure was this low was 2014, Colliers reported, just after the region emerged from the Great Recession. Meanwhile, newly completed developments in some Gateway Cities and Boston’s outer suburbs are listing rents similar to those posted in Boston’s Seaport District in the 2010s, topping $4 per square foot. A good example is Redgate's new, 291-unit Gibson Point development in Revere (below), or the 331-unit Breakwater North Harbor apartments in Lynn whose studios start at $2,000. The 330-unit Duo Chelsea apartments scheduled to open in November lists studios from $2,375. There's more in our latest story: https://lnkd.in/evZrE4Am

ABS Partners Real Estate has set its sights on redeveloping a nearly 100-year-old rent-regulated building on the Upper West Side of Manhattan. Recently, the firm filed plans with the Department of Buildings to demolish the 7-story multifamily property at 2560 Broadway, near the West 96th Street subway stop. Known as The Ancott, this 53,000-square-foot structure includes 27 residential units and 7,500 square feet of retail space, two of which remain occupied. Despite the building's rent-regulated status, many units have shifted to market-rate pricing in recent years, with a 3-bedroom fetching $6,000 per month in October 2020 and a 2-bedroom going for $4,000 in May 2021. ABS Partners Real Estate, a major player in the Manhattan real estate market, has a portfolio boasting 102 properties across 11 states, totaling over 14 million square feet. Their notable Manhattan assets include 200 Park Ave. South at Union Square, 270 Madison Ave. in Midtown, and the boutique office building at 145 E. 57th St. The firm has a history of converting rent-regulated buildings to market-rate units, often through strategic redevelopment projects. ABS Partners' track record reflects a broader trend among developers to capitalize on prime locations by transforming older, rent-regulated buildings. This practice, while lucrative, often sparks debate around affordable housing and tenant displacement. The plans for 2560 Broadway remain under wraps as the company has declined to comment on the future of the site. #RealEstateDevelopment #ManhattanRealEstate #UpperWestSide #ABSPartners #AffordableHousing #RentRegulation #UrbanDevelopment #NYCRealEstate #PropertyManagement #RealEstateInvesting https://lnkd.in/edBih9wA

It’s almost the end of the year, let the _____ of 2023 lists roll. Here is a list of the top 10 building projects in what has been an extraordinarily difficult year for developers in the city. Which project is most interesting to you? From affordable housing to hotels and condos it’s a diverse group. What would you like to see more of for 2024? 🌆 Amir Korangy Bernice Leventhal The Corcoran Group #nyc #nycrealestate #ifyoubuildittheywillcome #development #developers #investments #coops #condos #rentals #townhomes #corcorangroup #livewhoyouare

IF YOU ARE NOT PART OF A PERMANENT AND LASTING SOLUTION TO THE AFFORDABLE HOUSING CRISIS AND HOMELESSNESS, YOU ARE THE PROBLEM! THE AFFORDABLE HOUSING INDUSTRIAL COMPLEX IS BROKEN AND NOT WORKING FOR AMERICAN TAXPAYERS Veteran Housing Corp would ask every TAXPAYER to demand and get answers from their elected and appointed government officials the below questions as they relate to any affordable, workforce, or supportive housing project in your community! 1. How much local, state, and federal funding, tax credits, or other government benefits or incentives did the project receive? 2. What is the affordability period for each project? Is the affordability period permanent and in perpetuity? 3. What guarantees exist have your local, state, and federal government officials obtained in writing that rents will not go up or that tenants will not be displaced or evicted after the "affordability period expires? Every local, state, and federal housing authority and affordable or workforce housing stakeholder should adopt the State of Vermont's "permanent affordability" policy as a model for all future government funded or subsidized housing projects or developments, no exceptions! https://lnkd.in/eFEUC8c8 Additionally, local, state and federal housing agencies should look to the Helsinki, FINLAND MODEL of ending homelessness by providing affordable housing for all 'It’s a miracle': Helsinki's radical solution to homelessness https://lnkd.in/er9HZSQU Even the U.S. Department of Housing and Urban Development AGREES THAT adopting FINLAND'S MODEL OF ERADICATING HOMELESSNESS may be of great value to resolving the affordable housing and homelessness crises in America https://lnkd.in/gkSZWYRU

Just Listed 📍 . . This phenomenal multifamily development site is located in the heart of the highly coveted neighborhood of Mar Vista. The property is being sold with plans and is only a few months away from being RTI. This extraordinarily rare opportunity to purchase an oversized, vacant 30,001 sq. ft. R3 Lot in a prime West Los Angeles location allows a developer to build 92 Units with plans in place to construct a 97,964 sq. ft. building with an excellent unit mix consisting of: 1 Three Bedrooms + Three Baths, 1 Three Bedrooms + Two Baths, 32 Two Bedrooms + Two Baths, 7 Lofts with One Bedroom + Office + Two Baths, 34 One Bedroom + Office + One Bath, 17 - One Bedroom + One Bath. The 92 total units in the building include 18 ADUs as well as 11 Very Low Income Units. OM is available upon request. . . For additional information regarding this property or any other listings by Gary Fox, please call 310.202.9166 Ext. 302. You can also reach Gary Fox by email at gfox@mdrealtycorp.com. . . #multifamilyinvestment #justlistedLA #milleranddesatnikrealty #multifamily #santamonicarealestate #westside #realestate #westsideinvestments #californiarealestate #southercaliforniarealestate #losangelesrealtor #multifamilyproperty #multifamilyinvestment #pricereduced #justsoldla #pricereducedla

JUST LISTED! Located in the Cole Neighborhood of Denver, Marion Street Apartments presents an excellent investment opportunity with its 15-unit apartment building. The property comprises 14 spacious 2-bedroom/1-bathroom units and 1 larger 1-bedroom/1-bathroom unit, offering a diverse mix to cater to various tenant preferences. Providing an additional revenue stream, the property features three parking spaces, supplemented by ample street parking facilitated by the proximity of Cole Middle School across the street. Under the stewardship of the same investor for over 12 years, Marion Street Apartments boast a well-maintained status. Currently yielding a 5.3% cap rate on existing operations, there exists a seamless path to a 6.3% cap rate by aligning rents with current market conditions. Notably, the property maintains a historically low vacancy, with several long-term tenants exceeding the decade mark. This uniqueness stems from the majority of units being 2 bedrooms, addressing a substantial demand for affordable family housing in the area. Marion Street Apartments stand out as a distinctive and lucrative investment opportunity. VIEW PROPERTY: https://lnkd.in/dYwJcw3Y PROPERTY HIGHLIGHTS 🏠 Address: 1301 E 33rd Ave., Denver, CO 80205 💰 List Price: $3,650,000 📐 Property Size: 10,740 SF 🏢 Total Units: 15 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

Once again, New York remains at the forefront of apartment construction, holding its position as the top market in the U.S. for the third year running. With over 600,000 multifamily units expected to be completed across the nation in 2024, New York continues to show unmatched resilience and demand in the sector. However, this boom is not without its challenges. Industry reports suggest that construction delays are increasingly being caused by challenges in securing financing and concerns over the economic viability of projects. These factors are expected to influence the timing of future apartment completions and could reshape rental market trends as the sector adapts to the surge in new supply. Is your project facing financial hurdles or delays? BRIX Funding is here to provide fast and flexible funding to keep your construction timeline on track. Read more about this trend and what it means for the industry in the full article from GlobeSt.com below. #RealEstate #Construction #NYC #BRIXFunding

🎥 Watch Five Minutes with ICD Property's Matt Khoo! Khoo believes you're only as good as your team when it comes to creating a new project. "We invest a lot with having the best consultants and the best builders. With the idea of doing the right thing, we can sleep comfortably at night knowing we have engaged in the absolute best." #RealEstate #MelbourneProperty #PropertyDevelopment #ICDTeam #ProjectCreation #TeamworkMakesTheDreamWork #InvestingInExcellence Author: Mike Bird ------------ 📣 Was this update of interest to you?🔥 Join 15,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.