Climate change is always top of mind for those who live and work in mountain resorts where robust, predictable snowfall and manageable wildfire seasons are critical for local economies and quality of life. With its latest project, Electric Pass Lodge, East West is taking its approach to sustainability to the next level with a stringent […]
Lendlease’s 30 Van Ness is its first all-electric mixed-used development in the United States, and the decision to be all electric was made long before San Francisco passed a citywide no-gas policy for new construction. With 250,000 square feet of commercial office space, 330 condominiums (of which 25 percent will be affordable housing), 4,000 square […]
The EastPoint Project, when complete, will have 41,202 square feet of renovated single-story retail and office space along a commercial corridor in northeast Oklahoma City. The 18,000 square foot first phase includes 10,000 square feet of medical space and complementary retail. This Deal Profile focuses on how that first phase overcame lenders’ doubts to deliver the first new retail space to a neighborhood in a generation.
Three new buildings, with 7,553 square feet of retail space on 0.41 acres, bracket a small plaza that replaced a vacant lot at the edge of an established retail area north of downtown Oklahoma City. The three restaurants and eight studio/office spaces complement the area’s established arts anchors.
A leftover infill site in central Phoenix is now home to 25 low-rise condominiums, with a modern design that maximizes the site and minimizes ongoing costs. artHAUS was an architect’s first foray into residential development; as he says, “the design part’s easy for me, but the financing part—that was a big-time learning curve” helped along by a ULI Arizona event.
This adaptive use transformed a two-story, 48,000-square-foot commercial building and ornate movie theater lobby into 23 loft apartments, four neighborhood-serving retailers, and a large banquet facility that fills the former lobby. The structure is the most prominent building along the Seneca Street corridor in south Buffalo, New York. The renovation was completed by a local developer and financed by a local bank, together with historic tax credits, local tax incentives, and grants.
The Newton is an 18,599-square-foot (1,727 sq m) mixed-use retail, dining, office, and events building in Uptown Phoenix, Arizona, housing an independent bookstore with a beer, wine, and coffee bar; a home and garden store; a chef-led restaurant; a small office; and spaces for meetings and events. The Newton hosts hundreds of events each year, whether sponsored by its tenants or booked by the public. It was built within a renovated restaurant/banquet facility whose mid-century modern architecture and old-fashioned cuisine made it a local landmark for 40 years.
AF Bornot Dye Works is a loft apartment and retail project that involved the adaptive use and restoration of three timber and concrete factory buildings north of Center City Philadelphia. The three four-story buildings include 17 rental residences on the upper levels and 13,210 square feet of retail space across two lower levels. The developer, MMPartners, built upon 15 years of experience renovating and building scores of residential and retail properties in the nearby Brewerytown neighborhood. The $10.7 million development was funded with a conventional loan, federal and state historic tax credits, a city incentive loan, partner equity, and a $375,000 mezzanine loan from an online crowdfunding platform.
Jolene’s First Cousin is a two-story, 6,600 square foot retail and residential building in Portland, Oregon with three small retail spaces, two one-bedroom apartments, and 13 bedrooms leased to a transitional housing service provider. Its equity investors, both accredited and unaccredited, accepted a lower current return in order to contribute to the building’s social mission.
Developed by Bouygues Immobilier and recognized as one of the largest sustainable developments in the Paris region, the building occupies a 1.5-hectare (3.7-acre) landscaped site and has been awarded the High Environmental Quality (HEQ) label—the newest official certification from the Centre Scientifique et Technique du Bâtiment, a French body focused on improving construction through science and technology. The project was 95 percent leased before completion; 39,500 square meters (425,174 sq. ft.) of the office space is occupied by the European and French headquarters of Microsoft, and 5,500 square meters (59,202 sq. ft.) by Lundbeck pharmaceutical laboratories.