Russo Development’s Post

Why Cherry Creek West developers aim to create a ‘15-minute city’ The development will also have about 12% affordable housing targeted at those making 60% of the area’s median income. The company spearheading a redevelopment project exceeding $1 billion in Denver's Cherry Creek commercial district has unveiled updated renderings and new details, highlighting the planned walkability and outdoor spaces of the area. East West Partners is navigating Denver's planning and permitting process to transform a nearly 13-acre property located at East 1st Avenue and University Boulevard. This site, currently occupied by steakhouse Elway’s, a running store, and a large parking lot, will be redeveloped into Cherry Creek West, a project first announced in the fall of 2021. Open spaces will take up about 41% of the buildable area, with the remaining land going toward seven new residential and office buildings, according to East West Partners, which had not previously detailed the amount of open space in the project. #denverrealtor #coloradorealtor #Cherrycreek #Cherrycreekrealtor

Newark Approves Scaled Back Summit Tower Skyscraper By Chris Fry The skyline of the Brick City continues to evolve at a pace not seen in generations and the latest development slated for a prominent block of Downtown has been given the full green light. The approved tower is slated to rise at 200-206 Market Street, properties that are currently home to older structures that have sat vacant for at least two decades. Jersey Digs broke the news about the project last October after Newark’s Landmark & Historic Preservation Commission signed off on the application. The properties are located within the Four Corner Historic District, which is listed on both state and federal designations. The approvals from the historic commission last year came with a catch, as the board wished to slightly downsize the proposed 46-story development to be shorter than the National Newark building. 514 residential units are included in the approved plan, down a bit from the initially proposed 579. 20 percent of the units will be reserved for affordable housing, and the development will include 142 parking spaces in a garage for future residents. Amenities for residents in the future Summit Tower will include a gym, lounge spaces, a foosball area, a golf simulator and a children’s room. #newark #njrealestate #brickcity #marketstreet #fourcornerhistoricdistrict #summittower

"The city's inventory of historic properties provides an advantage other cities don't have. They provide a reference point and feeling of nostalgia, that feeling of comfort can create a tent pole effect in a way. However, reactivation is only a portion of the battle, density remains a key component." I've had this story idea germinating for about two years: How best to tell the story on Downtown Memphis' revitalization through adaptive reuse. Below is a deep dive into just how that's happening & the role Memphis' two tallest, historic buildings play in reshaping its future. https://lnkd.in/eVyC_mND

Investment Opportunity: Mixed-Use Buildings on 180 and 182 Graham Avenue Explore the incredible potential of these two mixed-use buildings, strategically situated at 180 and 182 Graham Avenue. Tailored for investors seeking a lucrative opportunity, this package deal offers a blend of residential and commercial spaces with unique features. Each property includes expansive basement storage facilities, enhancing the functional and operational capacity of the investment. 180 Graham Avenue: •Three four-bedroom apartments. Commercial store space. •Prime location for maximum visibility and foot traffic. 182 Graham Avenue: •Three four-bedroom apartments. Commercial space. •Adjacent carriage house with early 1900 architectural historical finishes, adding a touch of heritage and character. •These properties are being offered as a combined package, amplifying the investment appeal. Their proximity to key transportation hubs, such as the Grand St MTA, Broadway, and Lorimer, enhances accessibility and convenience for residents and businesses alike. DM for additional details. #williamsburg #forsale

New York City has long been a symbol of evolution, constantly reinventing itself to stay ahead of global trends. Now, one of its most iconic streets, Park Avenue, is on the cusp of a significant transformation, offering the chance to create an open space that will benefit residents, workers, and visitors alike. This is not merely a beautification project; it’s a visionary plan that will cement New York’s status as a world-class city for decades to come. Over the years, NYC has consistently met the challenges posed by other global cities through innovation and resilience. Projects like the High Line, Domino Park, and Governors Island have successfully transformed neighborhoods, creating green spaces that foster community, boost tourism, and drive local economies. Park Avenue’s future redevelopment, spearheaded by Mayor Adams and Department of Transportation Commissioner Ydanis Rodriguez, aims to follow this path by revitalizing Midtown East with an inspiring public park between 46th and 57th Streets. The new park will replace the existing “malls”—enclosed flower beds along the avenue that, while visually appealing, don’t serve the area’s needs. Historically, these malls were once pedestrian-friendly promenades, but over the decades they shrunk in favor of car access. Today, as New York's urban landscape evolves, it’s clear that the time has come to reimagine this stretch of Park Avenue. In 2018, Fisher Brothers launched the “Beyond the Centerline” competition, calling on designers to envision a new future for Park Avenue. Hundreds of ideas poured in, evolving into a proposal supported by stakeholders from the design, preservation, and open space communities. Now, the city is offering landscape architects and urban designers the opportunity to submit their boldest ideas, with up to $1.5 million in potential awards for the winning vision. A revitalized Park Avenue will not only add two acres of vibrant green space but will also serve as a catalyst for economic growth. A recent study by HR&A Advisors projects that this transformation could generate up to $1 billion in incremental property tax revenue. Moreover, a Gensler report found that 35% of New Yorkers want more green space in Midtown and Lower Manhattan, underscoring the public demand for such projects. This project showcases New York's bold vision and commitment to its residents. Transforming underused space into a vibrant landscape will strengthen community ties, boost local businesses, and keep the city globally competitive. We’re excited to see how the city's top urban designers will reimagine Park Avenue's future. #ParkAvenueRevitalization #NYCOpenSpace #UrbanDesign #MidtownEast #GlobalCity #LandscapeArchitecture #InnovativeDesign #SustainableUrbanism #GreenSpaces #EconomicGrowth #MayorAdams #TransformNYC #DesignCompetition

WHY DOES OLD CHICAGO ARCHITECTURE MAKE SUCH MODERN NEWS? In the foreground, the old bank building at the 6 corner intersection in the heart of Wicker Park. Barnes & Noble, Inc. will be opening in this former Noel State Bank building - making the next wave of news in a historic property. And just behind it is The Robey Hotel - another story of a vintage building getting modern. The Robey was designed by Chicago architects Perkins, Chatten & Hammond and originally called the North West Tower. The 12-story skyscraper brought a touch of downtown grandeur to a neighborhood business district. “The Skyscraper Leaves the Loop,” proclaimed the February 1929 issue of The Greater Chicago Magazine. __________ Torque Real Estate Marketing TORQUE is a real estate marketing agency bringing insight and awareness to the emergence of human experience, properties and the community. #chicagorealestate #office #commercialrealestate #architecture #realestate #realestateindustry #marketingagency #realestatemarketing #marketingagency 

#Fairford Green CGIs looking great! If you're a certified investor looking to enter the #propertyinvestment market from an alternative angle - book a call with me to find out more about investing in this beautiful development: https://lnkd.in/eNjNyUpM #propertyinvestors #investinproperty #southwest #newhomes #investors #investments #acornpropertygroup

Transformations are happening in downtown Knoxville….The historic Hotel Knoxville is being reimagined as Vision at Knoxville Downtown Apartments, bringing a fresh wave of urban living to the heart of the city. 🟠Key Highlights: - **Historical Significance:** Originally built in 1972, the hotel has been a downtown landmark for decades, known for its unique modern architecture. - **Architectural Features:** The building boasts a distinctive modernist style with angular concrete forms and expansive windows, offering stunning views of the city and the Tennessee River. - **California Developers:** Leading this ambitious project is a team of billionaire developers from California with a proven track record of revitalizing iconic properties across the nation. - **New Vision:** The redevelopment will create high-end apartments with modern amenities, revitalizing this iconic structure while preserving its historical essence. - **Market Context:** Downtown Knoxville currently has over 500 apartment units, reflecting the growing demand for urban living spaces. This new project will add to the competitive and dynamic housing market in the area. This project represents a significant step in downtown Knoxville's ongoing renaissance, catering to the growing demand for quality urban housing. Read more about it here: [Knoxville News Article](https://lnkd.in/eJEAd59J) #Knoxville #RealEstate #UrbanLiving #CommercialRealEstate #Development Urban Land Institute Tennessee Department of Tourist Development City of Knoxville Knoxville Area Urban League Multifamily Insiders

Tour any historic city and you’ll see land being used in many ways all at once—a storefront or professional office facing the street, an apartment upstairs, and maybe a workshop in the back. Modern zoning sought to bring order to this chaos, prescribing what parts of town were best suited for each individual purpose. But it didn’t work. That’s why mixed-use developments are now trending. These projects buck the vision laid out in zoning maps, instead creating properties where people can live, work, shop, play, and access services. https://hubs.ly/Q02GmgKB0

https://lnkd.in/eESRQCPT"🏎️Rev up your excitement for the future of Northville Downs! 🌟The iconic racetrack in Michigan has just released its master plan, promising to bring a whole new level of entertainment and community to the area. 🎉From luxury housing to retail and entertainment options, this development is set to revitalize the neighborhood and create a modern, vibrant atmosphere. 🏙️Get ready to experience the thrill of the races alongside a dynamic mix of amenities and activities. 🙌Stay tuned for updates on this exciting project and let us know what you're most looking forward to! #NorthvilleDowns #DetroitDevelopment #CommunityRevitalization #FuturePlans #RacingIntoTheFuture"