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HARRISBURG, NC-A development niche surfaces with two 25,000-sf buildings in this town of 5,000 residents, 14 miles northeast of Downtown Charlotte. Big-city developers are discovering the raw dirt and moving in with new subdivisions.
HOUSTON-The developer for the historic Commerce Towers has secured $38 million in funding from Chicago-based Corus Bank. After looking at the market and the project, the financing had been OK'd without any presales, says a VP.
PORTLAND-Recommended for approval by the city council are proposals to allow the brokering of housing credits and the granting of height bonuses in exchange for affordable housing donations and underground parking.
LONE TREE, CO-The popular Krispy Kreme has gotten a full-fledged welcome from doughnut lovers, who had lined up nearly three hours before the doors had been unlocked. The $2.5-million location is in a high-traffic area near Park Meadows Mall.
LOS ANGELES-Lawmakers and others try to put the proposed huge increase in electricity rates in the best possible light. Some even claim the increase of more than 40% will help, not hurt, the state's economy.
SOMERVILLE, MA-This city passes a zoning plan for its Assembly Square site, which is greeted by intense local opposition. Chief among the objections is the allowing for the development of big-box stores.
KANSAS CITY, NORTH, MO-An appeals court agrees Northgate Apartments LC will suffer financial hardship as a result of the city's plan to raze and redevelop Northgate Village near 23rd Avenue and Burlington Street.
CHICAGO- Bryn Mawr-Sheridan, LLC will build a 24-unit complex with a landscaped courtyard across Sheridan Road from the historic Edgewater Beach hotel building, long since converted to cooperative apartments.
PORTLAND-An avid Harley enthusiast, Prentice first joined the Portland Development Commission as a project coordinator in 1988. He left in 1993 to run his own land use planning and redevelopment business, and returned in 1996 to be a senior development manager.