Town of Normal, IL’s Post

"Redevelopment Plan for Gainesville Mall Branch" Read the full article below..

So much is happening in Easton Park! There are now commercial spots with lease contracts in place to include an HEB, McDonalds, Carwash, Petfood Store, Auto Zone, Frost Bank, Dutch Bro’s Coffee and a Dentist office. More buzz is that there will also be a nail salon, plus, two more quick service restaurants AND this is just the beginning of the growth!!! (The Grove at Easton Park- link below) What does that mean for you and your buyer? Equity. Just that! As these businesses go in, the popularity of Easton Park is just going to grow that much more, and prices WILL increase. One of the most used lines I hear is “I should have bought last year when the price was $$ and now it’s $$$, I should not have waited!” So why let them wait?   Right now, is the time to contract on a Perry Home and take advantage of the prices and incentives we are offering before they are truly gone. I know I sound like a “Sales Agent”, but I have just been doing this too long to not see the trend of what is to come.  If your client is on the fence about purchasing their next home here, contact me, let chat it though. Let’s iron out some options that could work for them. One of the biggest things I tell my kids is if don’t ask and don’t try, you will never know 😉

LAND FOR SALE: 104 Highland Road - North Bay, ON Welcome to an exceptional investment opportunity in North Bay's thriving commercial district. This land is nestled in a bustling enclave along Algonquin Avenue, boasting a coveted position at a signalized intersection, ensuring maximum visibility and accessibility. Embraced by flexible zoning and bolstered by city support, this opportunity promises a journey toward realizing your entrepreneurial dreams or developing an apartment complex (22 traditional or 40 Micro units), also potential for other residential opportunities. While some zoning work is required due to only a small portion being zoned R3, the vendor is committed to collaborating with prospective purchasers to streamline the sale process and ensure compliance with the appropriate site plan and zoning regulations. With excellent exposure and convenient access, it presents an ideal setting for a range of commercial ventures under the C4 zoning with the potential for quick-service restaurants, retail stores, medical and professional offices, or an entertainment establishment. The recent diagram demonstrates the lot size and, a recent 2022 clean Phase II Environmental Site Assessment are available for laying the groundwork for swift development. Whether you're an astute investor or a visionary entrepreneur, this property offers immense potential for lucrative returns and long-term success. Mike Burman, Broker of Record & Josee Laperle, Realtor® Realty Executives Local Group Inc. Brokerage 705-477-4442 [email protected] *Not intended to solicit those currently working with a Realtor® Each office independently owned & operated.

DRIVING FORWARD: Change of ownership of a landmark building is generally of interest to the public, particularly if there has been online speculation over the land's future usage. In this example the site of a former vehicle showroom and repair garage, close to the A31 between Southampton and Ringwood in south-west Hampshire, has been acquired freehold by a local company through property consultancy Vail Williams. The buildings are being refurbished and retained for commercial use, with a view to occupancy by an automotive dealership or similar. If you in the #automotive sector and are interested in this site, by the A338 which runs between Ringwood and Salisbury, please contact Vail Williams' Ben Duly. With thanks to the Bournemouth Echo for coverage following a market announcement by Deep South Media [DSM] on behalf of Vail Williams. Looking to make a market announcement? Perhaps a business acquisition or exit, staff promotions, new product or the purchase of land for commercial or/and residential development? DSM, in its 26th year, is utilised by leading companies throughout the UK, saving time and money in the process and generating leads. For a confidential, no-obligation chat about a potential market announcement please DM Ron Wain - Deep South Media 📰 or 📧 [email protected] #commercialproperty #automotive #businessnews

MARKETING: Lakeside Gardens (Louisville MSA) We're off to the races with Lakeside Gardens, a 360-home new apartment community just across the river from downtown Louisville. Exponential growth at nearby River Ridge Commerce Center has lead to amazing demand at the property—now 99% occupied!—and for luxury multifamily in Jeffersonville. While Louisville might be known for the greatest two minutes in sports, it is also the #1 US Market for 2Q24 Rent Growth (5% per Costar). Don't miss this triple crown opportunity—scale in a top market, mission driving financing, and pricing below replacement cost. Tours: 9/10 and 9/17. Mark SternColleen WatsonKevin GirardZach KaufmanDavid GainesBill BaumannMatthew SchoenfeldtKen Martin #JLLCapitalMarkets

It was time to sell a multigenerational portfolio! Back in 2008, we met with members of the Waxman and Feirstein families. The prior generation had spent decades amassing a large parking property portfolio. Back in those days, the lots were worth more as parking revenue-producing assets as opposed to their land value. The current generation wanted to know what the assets were worth, so we put together a valuation on about a dozen parking assets located in midtown, Chelsea, and the garment center of New York City. The market had already begun to crack as the Great Financial Crisis was setting in. Notwithstanding this fact, the values were still substantially above what the families had paid for the assets. However, given the market conditions, we advised the families to not sell and hold onto the assets until the market got better. They agreed. We kept in touch with the families regularly as the GFC unfolded and eventually began to abate. When the time was right, we approached the owners and let them know it was time to take another look at the assets, and a new set of valuations was prepared. We were retained to sell all of the assets. The buildings at 321-325 West 35th Street and 326-328 West 36th Street created a block-through site with two lots on 35th Street having 52 feet of frontage and one lot on 36th Street with 83 feet of frontage. The total site had approximately 164,000 buildable square feet. The site was commercially zoned and was only commercial. With the floor plates too small for office development, hotel developers were the target market. We were able to create a bidding war between three hotel developers and were able to close the transaction on 1/16/13 for $33.5 million. By the time the assignment was completed, all of the assets were sold for an aggregate price in excess of $120 million. Here's what one of the sellers had to say: "Bob Knakal and his team did an outstanding job selling our entire parking property portfolio. The execution was terrific and the results were spectacular!" Mike Feirstein, Amon Partners #testimonialtuesday #nycrealestate #bkrea

Finalist for the D CEO 2024 Commercial Real Estate Awards . . . The Loop Dallas: A Real Estate Trailblazer! CONNECTING DALLAS TO DALLAS Dedication, tenacity and perseverance are required for public-private partnerships. The Loop Dallas is possible because of a trail-blazing collaboration between the City of Dallas, Dallas County, Texas Department of Transportation and private donors. The result is a $135 million legacy asset and amenity that makes Dallas stand apart when you travel by trail. The Loop Dallas is connecting Dallas to Dallas in new, exciting ways. The project will link 39 miles of existing, disconnected trails to create a 50-mile circuit around the city and offer residents and visitors a full experience of the city’s diverse landscapes. Nine of those 11 new miles will be complete or under construction in 2024. Trails help walkers, runners and bike riders connect to parks and places to work, shop and dine and are a vital part of urban life. And research shows that for every $1 invested in trails Dallas receives a $50 ROI in economic impact. That’s a trailblazer. theloopdallas.org Read all about it from Christine Perez, Editor of D CEO and the fellow 102 finalists! Board: Jeff Ellerman | Chairman, Board of Directors Rick Perdue | President, Board of Directors Larry Dale Dale Operating Company | Treasurer, Board of Directors Terrence Maiden | Board Of Directors Linda Owen | Board Of Directors Vana Hammond Parham | Board Of Directors Mike Terry | Board Of Directors Philip Hiatt Haigh | Executive Director Keith Bjerke | Program Manager Allyn Media | Communications ABOUT THE LOOP DALLAS The Loop Dallas is working closely with City of Dallas, Dallas Park and Recreation, Dallas County, private donors and corporate partners to make green space available throughout Dallas and increase access to public transportation with a focus on equity. Thanks to public investment and partnership, and private dollars and leadership, The Loop Dallas will unite Dallas with a city-wide bike and pedestrian active transportation system that joins 39 miles of existing trails in Dallas with 11 miles of newly built trails. These final 11 miles are the most complex and costly to deliver which is why a public private partnership is so important. It is a legacy amenity that will benefit Dallas for generations. #AllynMedia #CTC #TheLOOP #Trails #GetOutside #TransportationResiliency #Trails #GetOutside #CapitalRaising #PR #PublicRelations #AwardWinning #PublicAffairs #DallasTrails #Dallas #DallasPR #DallasNews #Architecture  #CityOfDallas #DallasParkAndRec #Investment #Design #Transportation #UrbanDesign Jennifer Pascal, MPA Katie Chiu Dr. Sana Syed

#Keeping901Informed | jerredprice.com ~ Further development at Liberty Park took a key step forward Tuesday, July 23. The Memphis City Council voted in a committee to approve ground leases for the private development on the north side of Liberty Park bordering Central Avenue, what the city says is an essential step in paying off the Memphis Sports and Event Center’s debt. The council still must approve the leases at its regular August meeting. The private development could change Midtown. High 5 Entertainment — a planned laser tag, bowling and axe-throwing facility — would have a 30-year ground lease with four, 10-year options. Capstone Development plans to build a 150-room hotel and 200 apartments. The multifamily development would have a 30-year lease with six, 10-year options; the hotel would have a 30-year lease and four, 10-year options. The developments collectively add up to $112.5 million in private investment at Liberty Park. The City has invested $13 million in bonds into the land where the development will be located. Info via the DM.

The Bascom Group, LLC has acquired San Miguel Court Apartments, a 1974 built, 96-unit garden-style #multifamily property located at 2029 Calle Lorca in Santa Fe, New Mexico. Ryan Greer and CJ Connolly of CBRE arranged the #debt financing for the acquisition with LaSalle Investment Management as the lender. Apartment Management Consultants LLC will provide property management, and SD-Cap Construction Management, LLC will provide #construction management services. With the unprecedented interest rate increases over the past year and subsequent decline in #apartment values, San Miguel Court continues the brisk acquisition pace for Bascom in 2024, marking the firm’s third #acquisition this year. The purchase of San Miguel Court comes on the heels of recent Bascom acquisitions including, The Overlook, a 344-unit garden style #multifamily property located in Albuquerque, New Mexico, and Texan26, a 204-bed student #housing community in Austin, Texas. San Miguel Court #Apartments features a diverse unit mix, including one-, two- and three-bedroom #units with in-home washers and dryers, hardwood-style flooring, stainless steel appliances, and large walk-in closets. The low-density #property sits in a desirable infill location, offering residents access to a vibrant neighborhood, with proximity to major #employment hubs, entertainment, shopping, dining, and recreational facilities.   Santa Fe’s expanding economy, along with an appealing climate and exceptional quality of life, has fueled recent growth in both the population and labor force. In 2023, #SantaFe saw a significant surge, marked by a 3.9% increase in the labor force and the addition of 2,300 new jobs. Key contributors to Santa Fe’s employment growth include the Los Alamos National Laboratory (LANL), a growing hub for scientific innovation and a major catalyst for #economic expansion in New Mexico, the fast-emerging film and entertainment industry, marked by new studio developments in Santa Fe’s Midtown District, and the CHRISTUS Health Regional Medical Center, which recently broke ground on a 72,000 square-foot Cancer Center expansion, expected to open late 2024.   Santa Fe is widely considered one of the country's great havens for arts and culture, due to its numerous galleries, museums, and installations. Santa Fe is the capital of the state of #NewMexico and the fourth-most populous city in the state. Tourism is another major element of the Santa Fe #economy, with visitors attracted year-round by renowned five-star resort facilities and numerous outdoor activities. Tom Gilfillan Paul Zakhary #propertydevelopment #realestate #cre #commercialrealestate #investmentproperty #multifamilyinvesting #realestateinvesting #realestateinvestor #propertymanagement #cashflow #multifamilyrealestate #investmentproperty #realtor #investing #investment #investor #multifamilyhousing #apartmentinvesting #multifamilyinvesting #multifamilyinvestments

A plan to revitalize a vacant Jersey City lot between two high-rises could soon be finalized as local officials showed support for proposed zoning changes that would allow a new residential development. The 15,300 square foot property was always anticipated to be developed into a hotel, and the current redevelopment plan still calls for that use. The Jersey City Redevelopment Agency (JCRA) transferred ownership of the land in 2008 to an entity called Liberty Harbor North Redevelopment Urban Renewal, who then entered into a franchise agreement with Marriott to build a ground-up hotel in 2014. That company eventually defaulted under the redevelopment agreement, causing the JCRA to file a lawsuit in 2021 to take back control the land. The property is now owned by a new entity called Liberty Harbor North Partners LLC. The new owners are seeking to change the allowable zoning from hotel use to residential, as a letter to the planning board claims that a hotel project is not economically viable for the location. The developer’s new plan calls for 300 units at the property, which would break down as 84 studios, 128 one-bedrooms, 78 two-bedrooms, and 10 three-bedroom residences. #jerseycityrealestate #jcra #libertyharbornorth