An attorney representing developers seeking to turn the former Tomoka Oaks golf course into homes warned Ormond Beach City Commissioners last month that his clients were prepared to sue if their rezone request was denied. The commissioners voted 5-0 to reject the application anyway. Instead of immediately filing the “$40 million damages claim” that attorney […]
Developers have begun the long-awaited transformation of the James R. Thompson Center into a high-tech home for Google, a move heralded by state and city officials as a new beginning for downtown Chicago, which is still struggling with empty offices and storefronts. Gov. J.B. Pritzker said at a Monday news conference that Google’s arrival could […]
The latest proposal for the Village of Estero’s planned entertainment and recreation hub bombed with planning board members. They called the design boring. Michael Comparato, consultant with Bonita Springs-based Vieste LLC, presented the latest design at a Planning Zoning and Design Board meeting in April. After members’ comments, Comparato said he would take them back […]
A judge may decide the fate of a developer’s proposal for apartments and a waterfront restaurant on Lake Davidson north of Charlotte. Two developers have been in a monthslong legal battle with the town of Mooresville over a vote last year involving their planned 96.8-acre community. The development along Transco Road in southern Iredell County […]
(Bloomberg) — Prime Minister Justin Trudeau’s government will provide low-cost leases of public land to developers and push factory construction of homes as part of what it calls a “historic” plan to alleviate Canada’s housing crisis. Most Read from Bloomberg Companies that agree to build affordable homes will gain access to “surplus, underused, and vacant […]
Apr. 7—ROCHESTER — A Texas-based developer’s request to annex 45 acres of Cascade Township farmland is set to be considered by the Rochester City Council on Monday. Anthony Properties plans to develop 20 acres with multi-family housing and 25 acres with commercial development, which is on a portion of a larger 115-acre property owned by […]
Developers are considering a $150 million rebuild of an affordable housing complex in the heart of Fort Worth’s Near Southside neighborhood, according to documents submitted to city officials. Dallas-based firm Ojala Partners LP has drawn up preliminary plans to almost quadruple the number of apartment units at Siddons Place, a development managed by Fort Worth […]
China’s property crisis has impacted the country’s biggest banks, increasing non-performing loans. Beijing is urging banks to boost financing for “white list” property developers to help the sector. Despite the crisis, Chinese banks say they have sufficient buffers to manage risks. China’s property crisis has hit the books of its biggest lenders, which are reporting […]
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China’s housing minister, Ni Hong, said real-estate developers in serious trouble should be bankrupted and restructured. Ni’s comments come amid speculation about China relaxing its crackdown on real estate sector debt. Analysts suggest Beijing’s priority is to ensure delivery of property projects, not to save developers. China’s housing minister said Beijing will not be bailing […]
ST. LUCIE COUNTY — In a major setback for developers hoping to build a 274-unit apartment complex called “Indrio Woods” surrounding the estate of Crayola crayon inventor Edwin Binney, county commissioners voted to deny a request to rezone the land from its current agricultural designation. The rezoning, requested by West Palm Beach based developer WGI, […]
After the contentious, three-hour Northport City Council meeting two weeks ago, when a nearly 80-acre, $350 million water complex was voted forward despite massive vocal disagreement from hundreds of citizens present, the Monday council ran brief and relatively quiet, at just a little over 20 minutes. After the public session, the council was to move […]