Mega-Development in Atlanta to Break Ground
A new mega-development south of Atlanta will soon break ground. The 235-acre project, known as Pinewood Forest, will feature 1,300 residential units, 300 hotel rooms, 270,000 square-feet of commercial space, a nine-screen cinema, a 2,500 square-foot rooftop bar, and a 60,000 square-foot wellness center. The project’s estimated construction costs and completion date are currently unknown.
Morgan Stanley Loans New York Real Estate Firm $63.8 Million
Finkelstein Timberger East Real Estate, an Eastchester, N.Y.-based real estate firm, has attained financing from Morgan Stanley to secure a bundle of multifamily properties in the Bronx. The $63.8 million loan will help the firm secure 400,000 square-feet of residential space, totaling 429 units.
$8.6 Million Michigan Mixed-Use Building Rising
A new mixed-use building in uptown Bay City, Mich. is underway. The new building features four professional medical offices in the first floor and 30 residential units in the above floors. The $8.6 million project will feature state-of-the-art office space with modern decor and high-tech equipment, as well as 3-D printing facilities. The project’s estimated completion date is currently unknown.
Plans Submitted for 4,800 SF Fire House in Town in New Jersey
Plans for the construction of a new building for the fire department in Morganville, N.J. have been submitted. The plans call for the construction of a 4,800 square-foot building with bays for fire trucks. The project’s estimated construction costs and completion date are currently unknown.
Austin Hotel Scene Expanding With Three New Additions
A number of luxury hotels have recently opened in Austin, Texas, contributing to the city’s already bustling tourism industry. One, Austin Proper Hotel, features 244 luxury hotel rooms along with restaurant space. Another, Commodore Perry Estate, features 10,800 square-feet of boutique hotel space with 42 rooms and 7 suites, as well as a pool, a farm, and a restaurant. Finally, Arrive Austin delivers 83 rooms and features a rooftop gin bar and a restaurant.