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ORLANDO-Called The Loop, the 33-acre project will mirror the developer's 500,000-sf, $85 million venture in suburban Boston that was developed at about $170 per sf. The project inflates Central Florida's retail inventory to over 47 million sf.
BOSTON-Liberty Place, a 419-unit apartment building proposed for 660 Washington St., receives an endorsement from the Chinatown Neighborhood Council. The group recommends that the city approve the project.
WASHINGTON, DC-Residents of the inner-city area east of the Anacostia River get their first new apartment development in 35 years with the grand opening of the 176-unit Woodmont Crossing apartment complex. The $17.6 million complex occupies an eight-acre plot of land.
MIAMI-Chicago-based Huron Ft. Myers LLC received an average $59,753 per unit for the 90%-plus-occupied properties in Ft. Myers and Naples, FL. Holliday Fenoglio Fowler brokered the transaction.
AUSTIN-The Scheffe Group is actively looking at two sites in Bee Cave and one in Austin's northwest submarket. The next project will have a bigger footprint than the 25,000-sf Juniper Ridge.
ORLANDO-For the week ended June 15, Smith Travel Research shows the Orlando market down 2.8% from the same period in 2001, but ahead of nine other destination areas except New York and Chicago.
PHOENIX-Brookwood Financial Partners closes on its first Phoenix deal this year, a 181,629-sf office building. The owner of three other Arizona properties plans to spend up to $100 million in the next 18 months in the state.
ORLANDO-In Central Florida's biggest office deal of the year, Inland Real Estate Acquisitions Inc. of Oak Brook, IL paid an estimated $88 million for 440,000 sf of class A space in three of the four existing office buildings at the 109-acre Celebration Place Office Park in Celebration, FL, 20 miles south of Downtown Orlando.
LA JOLLA, CA-The Los Angeles-based developer expects to open a 210-room resort adjacent the University of California at San Diego. Completion of the Blackhorse Hotel is slated for 2004.
CHICAGO-Add the south suburb to a list that already includes Rockford and Waukegan seeking to lure the riverboat casino some still believe is headed to northwest suburban Rosemont despite the Illinois Gaming Board's taking back the 10th license from Emerald Casino, Inc.