RMI Development is replacing a former hospital complex in Chicago’s Lincoln Park neighborhood with Lincoln Park 2520, a luxury community with 312 condos and 13 town-homes. The developer will preserve a small chapel located in the site’s interior. The one-, two-, and three-bedroom units range from $550,000 to $1 million. The units are expected to open at the end of 2009.
Diversified Investment Associates is developing The Marque at Heritage Hunt, a 200-unit luxury active adult rental community in Gainesville, Va. The one-, two-, and three-bedroom units will offer universal design features, dining areas with built-in china closets, gas fireplaces, and wet bars. Amenities will include a grand lobby, lounge, café, fitness center, nine-hole putting green, and salon. Corporate rentals also are available with three-, six-, and nine-month leases starting at $2,100 per month.
Simpson Housing Solutions has opened The Lofts at the Security Building, a 153-unit loft-style apartment complex in downtown Los Angeles‘ historic Old Bank District. The building, formerly a bank, retains many of its original design features such as marble floors and staircases, 12- to 13-foot ceilings, large windows, and the original bank vault. Units range from $1,221 to $4,200, with 20 percent set aside for moderate-income residents. Amenities will include a game room, media lounge, fitness center, and a WiFi hot spot lounge.
Sunrise Development Group is developing PURE, a 75-unit, 13-story condominium in Chicago’s West Loop. The one- and two-bedroom units will feature green offerings such as bamboo flooring, radiant-heated floors, fluorescent lighting, and low-VOC paint. Units will also include floor-to-ceiling windows, granite countertops, stainless steel appliances, and European-style glass or wood cabinetry. Amenities will include the SKAI Lounge, complete with a wet bar, large-screen TVs, billiards table, fitness center, and a 4,000-square-foot sundeck.
Gale Belmar, a subsidiary of Mack-Cali Realty Corp., is developing Belmar Seaport Village, a $500 million mixed-use redevelopment initiative in Belmar, N.J. Phase one includes 800 Main Street, which will feature 38 condos and townhomes, 9,500 square feet of retail space, and 67 covered parking spaces. The site replaces the former Seacoast Chevrolet building. The redevelopment effort features sustainable design principles such as reducing automobile dependence and decreasing stormwater run-off and the use of limited natural resources.
—Listings compiled by Rachel Z. Azoff