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The East Park SRO renovations were funded through a mix of equity from federal low-income housing tax credits, a grant from the Federal Home Loan Bank of Chicago and debt financing from the Illinois Housing Development Authority.
The Westchester County, NY-based firm reports that Argent Ventures of New York City will open a 20,000-square-foot location on two floors at Westchester One in Downtown White Plains in the second quarter of 2019.
The land acquisition was fueled by a period of sustained economic growth in the Charlotte area as well as continued residential and commercial growth along Kannapolis Parkway. No terms of the transaction were reported.
Academy on Vine is located on a 3.5 acre, full-city block that was acquired from The Academy of Motion Pictures Arts and Sciences in 2013. The project will include three office buildings and a 20-story residential tower.