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Developed by Sares Regis Group of Northern California, The Flats offers a collection of one-, two- and three-bedroom apartments with numerous indoor and outdoor amenities above ground-level retail.
Incentives provided by the city's Downtown Living Initiative and the progression of its retail sector has created an ideal environment for new investments such as Sovereign at the Ballpark to help with the demand surge.
Tenants requiring 50,000 square feet and larger are looking for space further in advance of lease expiration dates due to constrained supply of class-A inventory within the submarket.
Greystone, a national commercial real estate lender and investment advisory firm, has provided approximately $105 million in HUD-insured financing for the preservation of two New York City affordable housing developments.
Investors have stars in their eyes when it comes to seniors and transit-oriented housing because demand has outpaced supply for both asset types in core urban markets.