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Mid-Market mystery building ready for housing
Raintree Partners has cracked the code on Mid-Market?s most mysterious building. The developer is converting the Wilson Building, the seven-story structure at 973 Market St., into 65 apartments. The building stands on a block of Market Street that is undergoing radical transformation, with a Gensler-designed Market Street Place under construction next door. But it turns out that the building?s history is as fascinating as its future. The building, which has an A rating from San Francisco Architectural?
Will Sly Stallone join Howard Stern in Palm Beach?
?Rocky? creator and action mega-star Sylvester Stallone is looking to spend $7 million on a Palm Beach house. Gossip Extra is reporting that "The Expendables" actor has put out feelers with brokers about properties that are for sale. Stallone has deep ties to South Florida: his Wellington-based father died at 91 two years ago. He attended Miami Dade College before attending acting school at the University of Miami and lived in a Coconut Grove mansion for years. If he buys in Palm Beach, he?
Duly Noted: Tattoo economics, schools and blight, Donald Trump
Some may find this small window into the tattoo industry remarkable for how straightforward it is. Without pictures and a couple of identifying details, it appears the business model is essentially the same as that of many hair salons. -- Chicago Grid With Chicago Public Schools closing as many as 50 neighborhood schools over the next couple years, it's important to acknowledge the most likely economic effects. In some neighborhoods, already struggling local economies will likely be under even more?
Why Nashville duplexes could become a thing of the past
In Nashville neighborhoods humming with redevelopment, you might notice a lot of duplexes going up, as developers try to maximize returns by putting two homes on one lot. Most of the homes look like separate houses, aside from a 'connector wall' that resembles a shed or breezeway. Metro Nashville is considering a rule change, however, that would eliminate the connector-wall requirement. The planning department is drafting changes and is in discussions with Metro Council members about the issue. The?
McColl Center for Visual Art wins $400,000 grant for Brightwalk installations
The Brightwalk at Historic Double Oaks neighborhood redevelopment in Charlotte will benefit from a $400,000 grant recently awarded to the McColl Center for Visual Art. The center won the funding from ArtPlace America for its plans to use Brightwalk for a grant program that mixes the arts, sustainability, education and community service. The $125 million, 98-acre redevelopment near uptown will become home to environmental art installations from the McColl Center that will incorporate themes typically?
A-Rod's $30M mansion sale sets record in Miami Beach
Two local residential brokerages are now confirming the $30 million sale of Alex Rodriguez?s mansion in Miami Beach. Mayi de la Vega, CEO, founder and estate agent at ONE Sotheby?s International Realty, and Arlene Susy Dunand represented A-Rod in the sale to a Palm Beach buyer. "The demand for trophy homes worldwide, especially those contemporary in design, has never been greater," said de la Vega, which will be an honoree at the Business Journal's 2013 Miami Ultimate CEO awards. "Alex?s?
New foreclosure lawsuits include Weston shopping center
Even retail centers in Weston, one of the wealthiest cities in South Florida, aren't immune to foreclosure as the owner of the Waterway Shoppes II found out. That is among two new big commercial foreclosure lawsuits and five foreclosure auctions in the region. Wells Fargo Bank, representing a commercial mortgage-backed securities (CMBS) trust, filed an $11.6 million foreclosure lawsuit on April 30 against Waterway Shoppes II. The borrower is managed by Barry J. Belmont and Peter Mardinly, of Media,?
Kroger division president retiring
The president of Kroger Co.?s Mid-South division is retiring. John Hackett, who started his career with Kroger (NYSE: KR) in 1963 as a store clerk in London, Ohio, has been president of the division for 23 years. ?During his 50-year career, John has consistently demonstrated his passion for and commitment to our associates, our customers and our local communities,? Kroger President and COO Rodney McMullen said in a news release. ?In addition to being a great executive, John is a first class?
More development in Kensington
A 311-unit apartment complex has been approved for South Kensington. Paul Rabinovitch?s Canus Corp. got the green light earlier this week to move forward with Soko Lofts at the former Absco Inc. steel site at 2nd and American streets in the South Kensington section of Philadelphia. I met Rabinovitch at One Shot Cafe to learn about his vision for South Kensington and why he's looking to invest $70 million into the project. The location is not far from Bart Blatstein?s vast Northern Liberties?
Huffines Communities begins next phase of Viridian in Arlington
Dallas-based Huffines Communities is getting ready to start the next phase of Viridian, a $2 billion master-planned community in north Arlington. Last year, a number of homes were under construction at the 2,300-acre site, north of Green Oaks Boulevard off Collin Street, after home sales were better than expected. That demand for new homes has driven the developer to begin its second phase, with a ribbon cutting scheduled for noon Wednesday at 3929 Canton Jade Way in Arlington. David Weekley Homes?