LOS ANGELES, CA - Alameda Point Waterfront District and AERO Apartments, its first rental community, is launching the newest and what is being referred to as the most exciting $1 billion transit-oriented residential and retail district in the Bay Area.
Located on 30-acres of what was a former Naval Air Station on Alameda’s scenic waterfront, AERO Apartments ushers in the first Class “A,” high-design, new construction multifamily residential project built in Alameda in the past two decades. The Alameda Point Waterfront District and AERO residents will also be able to avail themselves of the newly completed, in-district Seaplane Lagoon Ferry Terminal, which is a short walk from AERO and offers a nonstop 18-minute direct commute to downtown San Francisco.
Astor Companies founder Henry Torres and a rendering of the Douglas Enclave (The Astor Companies)
The Astor Companies scored a $32.4 million construction loan for its planned mixed-income, multifamily project near Miami’s Flagler Street.
Coral Gables-based Astor, led by founder Henry Torres, is developing the 10-story, 199-unit Douglas Enclave at 61 Northwest 37th Avenue. Ocean Bank issued the loan, according to records.
Astor plans to start construction this spring on the property, which spans a 1.1-acre full city block between Flagler and Northwest First streets along Northwest 37th Avenue, according to the company’s website.
Astor, through an affiliate, bought the six-lot property in July 2017 for $5.1 million, a deed shows.
FCP Provides $8.6 Million Preferred Equity Investment in Eden West Apartment Community Located in Broward County, Florida multifamilybiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from multifamilybiz.com Daily Mail and Mail on Sunday newspapers.
FCP
® announces the closing of $8.6 million in preferred equity for the development of Eden West Apartments, a 212-unit multifamily development in the city of Tamarac in Broward County, FL. The project is a joint venture between developers Eden Multifamily (Eden) and Cypress Equity Investments (CEI). The investment marks FCP s 15th in Florida. FCP is excited to be working with top-notch developers, Eden Multifamily and Cypress Equity Investments, on Eden West, said FCP Vice President
Bruce Gago, who heads the firm s Florida office. Gago continued, This location not only offers residents access to exciting new amenities at urban destinations, Metropica and Plantation Walk, but we will be able to provide convenient surface parking at an attractive cost basis, a rarity in Broward County.