Simpson Housing Solutions and Las Palmas Foundation broke ground on Gateway Family Communities, a 42-unit affordable rental property in downtown San Diego. The $15 million project, which replaces an auto wrecking yard and a four-unit apartment complex, will feature two- and three-bedroom units. Community amenities will include an underground parking garage, clubhouse, computer learning center, barbeque areas, and a tot lot. All units will be set aside for households earning a maximum of 60 percent of the area median income.
MetroRiverside, owned by MetroPacific Properties and the Nicholson Co., is building Fox Plaza, the first mixed-use project to be built in downtown Riverside, Calif. The $200 million project will include about 500 condos and live/work lofts; 65,000 square feet of retail space; and a 120-unit high-end hotel. Designed in Mission Revival style, Fox Plaza will accent the historical context of the area. The project is part of the city’s revitalization plan for the downtown core.
Basile Builders is developing Verde Chelsea, a 13-story, 33-unit condominium community in Manhattan. The units, which range from 778 square feet to 1,908 square feet, will feature kitchens with red oak flooring, cherry cabinets, and por-celain and metal tile backsplashes. Bathrooms will boast limestone and marble walls with quartz countertops. The lobby will open to a Zen-style garden with Brazilian wood decks, black bamboo and Japanese red maple trees, and a cascading water wall. Unit prices start at $695,000.
Alliance Residential Co. is developing three luxury multifamily communities in the north and northwest sections of Las Vegas. Broadstone Montecito, Broadstone Mountain View, and Broadstone High Desert will include a total of 834 apartment homes. Each community will include a clubhouse, business center, conference center, and fitness center, plus a pool and spa. The company plans to invest $200 million in new developments and acquisitions over the next two to three years.
Cabi Developers is developing Capital at Brickell, a mixed-use community in Miami offering 864 condo units, plus office and retail space. The project features sky-level lofts which span 974 to 1,883 square feet and are evenly divided between the 46th and 50th floor of two towers. All loft residences will feature 18-foot ceilings, stainless steel kitchen appliance packages, and smart technology concierge panels. Community amenities will include a fitness center with yoga and aerobic areas, theater, party and card room, and a pool with private cabanas.
CMA Cos. is developing The Blue Rose, an $850 million, 39-story luxury condominium hotel in Orlando, Fla. The property features one-, two-, and three-bedroom units with prices starting in the low $300,000s. Amenities will include a 1,000-seat theater, five themed restaurants, spa, and conference center with 100,000 square feet of meeting space.
Grace Communities broke ground on 44 Monroe, a 202-unit condominium building in Phoenix. The 33-story high-rise, designed by Tucker Sadler Architects, will offer units ranging in size from 780 square feet to 4,800 square feet and priced from $480,000 to $3.2 million. Community amenities will include a fitness center, entertainment room, business center, and catering kitchen. The project’s design was inspired by a painting called “Five Elements,” which incorporates the five Chinese elements of nature: earth, wood, water, metal, and fire.
Hinton Properties, Formation Methods, and Euro American Advisors broke ground on The Capri, a 55-unit luxury condominium community in Birmingham, Ala. The two- and three-bedroom units–priced from the mid-$400,000s to more than $1.3 million–will offer views of the city skyline. Amenities will include a fitness facility, club room, pool, concierge service, and parking. Occupancy is expected by May 2007.
–Listings compiled by Rachel Z. Azoff