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LOS ANGELES-Called the largest adaptive reuse development in the city, the 322-unit conversion from offices to apartments is a project of L.A.'s Kor Realty Group.
DENVER-To be called Broadway Plaza Lofts in downtown Denver, the project will include 35 studio units, 153 one-bedroom units and 35 two-bedroom units. It will be capitalized with $17.8 million in Multi-Family Housing Revenue Bonds issued by Denver and an undisclosed amount of tax-credit equity.
LONDON-The National Assembly for Wales has given the green light to proposals by Land Securities and Capital Shopping Centres for the 750,000-sf St David's 2 development in Cardiff city centre.
GRAND PRAIRIE, TX-Equity Home Group, a traditional single-family developer, is pushing a third multifamily development in the Grand Prairie-Arlington corridor. The St. Louis Townhomes at 3511 S. Watson will break ground in October.
CENTENNIAL, CO-Glenbrook Capital Partners retained Laramie to lease the lifestyle, grocery-anchored center that is part of a 138-acre, mixed-use project that will include 600 new housing units.
COCONUT CREEK, FL-West Creek Commons totals 58,549 sf and cost about $10 million to build. The center, which is 96% leased, is anchored by a Publix supermarket.
HARRISBURG, PA-The Pennsylvania Housing Finance Agency will kick start two multifamily projects with loans and tax credits. A 15-unit building for people aged 62 and older will break ground in Factoryville, and a 29-unit complex will be constructed in Farrell.
THOUSAND OAKS, CA-The developer will build the 70,000-sf Regency Medical Plaza with units for lease or for sale, one of the first such developments in many years planned for Ventura County.
FRANKLIN TWP., NJ-SJP Properties, owner of the four-building Somerset Research Center, has hired Cushman & Wakefield to fill the newly vacant space.