New developer plans similar project at Uptown site where condos were proposed

The one-acre site in Uptown where a 12-story building is planned is currently undeveloped. (Photo: Thomas Gounley, BusinessDen.com)

DENVER — The developer of the Lakehouse condo complex along Sloan’s Lake appears to have abandoned plans for a similar project in Uptown.

Denver-based Nava Real Estate Development proposed a 12-story building with approximately 250 units at 575 E. 20th Ave. — an irregularly shaped 1.06-acre block — in 2017. The company purchased the property a year later, paying $7.1 million.

The project, however, has never broken ground. And on Monday, a different firm submitted an early-stage development proposal for the site.

Minnesota-based Opus Development Co. wants to build at a similar scale. The company is proposing a 12-story complex with 250 units. There would be 313 parking spaces and about

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Developer has ‘ambitious’ plans for former industrial property on Muskegon Lake

MUSKEGON, MI — More than 30 acres of a former industrial site on Muskegon Lake will be transformed into businesses, homes and a marina in plans from a local developer.

Ryan Leestma of Leestma Management LLC says he currently has two waterfront parcels on West Western Avenue under contract, and he expects to close the deal in early 2021. Concepts being considered for the site include plans for a marina, mixed-use residential space, a restaurant and single-family homes.

“I’ve been in Muskegon for a long time, but I had no idea that that was there,” Leestma said of the property. “It’s kind of an area that’s overlooked. I got out there (and) it’s like 270-degree views of the entire lake. This natural marina basin–it’s just begging to be developed.”

Related: New owners of former power plant property on Muskegon Lake look to expand shipping

The parcels at 1204 and 1148

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New York Wheel Developer Files Another Suit Against Contractor

A rendering of the Staten Island Wheel (Rendering via Perkins Eastman)

A rendering of the Staten Island Wheel (Rendering via Perkins Eastman)

When it comes to the Staten Island Ferris wheel, the only things going around and around these days are lawsuit filings.

The developer of the failed project, known as New York Wheel Owner, filed a suit in New York State Supreme Court this week that alleges the project’s contractors are responsible for the wheel’s demise two years ago.

It’s the latest in a string of lawsuits related to the project, which have piled up thanks to disputes over which court has the right to hear the various complaints.

The developer initially filed a lawsuit against the contractors in 2017 in federal court. That lawsuit was dismissed in 2018 and reopened a year later with the project’s fundraiser, an EB-5 regional center known as CanAm Enterprises, added as a plaintiff.

But in October, the developer and the contractor wrote a

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Miami Beach condo project moves forward after developer cuts height by one-third

Miami Beach has approved plans for a luxury condo just east of 41st Street after the developer reduced the height by more than a third.

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The Miami Beach City Commission has approved Mast Capital’s plan to develop the 2.3-acre site at 4000 Alton Road into a luxury condo with maximum height of 85 feet and 175 units. The city’s planning board last summer rejected plans for at 140-foot tower at the site because of its proximity to a single-family neighborhood.

The site — once home to a Howard Johnson’s restaurant — is located near the eastern end of the Julia Tuttle Causeway adjacent to Talmudic University. It is just steps away from 41st Street offices and eateries — including neighborhood favorite Bagel Time — and St. Patrick’s School and Catholic Church. Mt. Sinai Medical Center is just across Alton Road.

Mast bought the bulk of the property more

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City to sell East Village site for $8.5M; developer planning office campus

Kilroy Realty will buy a 20,000 square-foot, partial downtown block from the city of San Diego for $8.5 million. The acquisition will allow the firm to expand an in-the-works office project, ideally appealing to technology and life science companies who want more space for their workers in a post-COVID world.

Tuesday, City Council members voted unanimously to approve the deal for the site known as Popular Market at 951 Park Blvd. in East Village. The transaction, which is now expected to close in early 2021, will require the city to deposit proceeds into a fund reserved for subsidized housing projects.

Popular Market — located on the south side of Broadway between Park Boulevard and 13th Street — is next to the Salvation Army Family Store and is currently home to the 12th and Broadway Restaurant. It’s diagonally opposite the Smart Corner residential building and the City College Trolley Station.

The

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‘When all the parts come together it’s magic’: Condo developer and city offer refuge to Red Door shelter

For developer Chris Harhay his first memory of the old Red Door shelter plays back like a TV commercial.

He was a touring a property formerly owned by the United Church at Queen Street East and Logan Avenue in 2016 with an eye to building condos in what was then the Red Door’s quarters.

“A little kid comes out with a stuffed bear, and I looked around at the conditions of the shelter and they were less than favourable,” said Harhay. “It was in disrepair and it just pulled at your heart strings.”

He immediately thought: “I could build a great shelter for these people at less cost than the city. Here’s an opportunity to do something great.”

In the end, Harhay Developments built 122 condos above streetfront retail space.

But, in a rare confluence of civic flexibility, creativity and goodwill, a new Red Door shelter has also been incorporated

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Property developer Miki Naftali shares 4 strategies for success

  • Miki Naftali is a New York City-based real-estate developer from humble origins who worked his way to a career portfolio worth billions. 
  • Well-known for orchestrating the redevelopment of the Plaza Hotel in 2004, he operates on a number of strategies that inform how he does business. 
  • Protecting the downside and focusing on market value are just two elements to successful dealmaking Naftali keeps front of mind. 
  • Visit Business Insider’s homepage for more stories.

Real estate in New York is an industry long dominated by dynastic families like the Dursts and Trumps who have led the city’s development for decades. 

But some developers didn’t get their start in the family business and have still managed to make a mark on the city’s skyline with hard work and strategy. 

One of them is Miki Naftali, the 30-year industry veteran who says he’s developed more than $9 billion in real estate over the

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New Haven park advocates file suit over $1 land sale to developer

NEW HAVEN — They are not giving up.

Friends of Kensington Playground filed a court complaint over the decision of the city to sell a Dwight neighborhood park for a $1 to a developer as part of a plan to build affordable housing.

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They also filed requests for review with the U.S. Department of Housing and Urban Development and with the State Historic Preservation Office.

A request for comment was left with the city.

The complaint to HUD under the National Environmental Protection Act has been referred by

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Sheldon Solow, Billionaire Real Estate Developer, Dies at 92

(Bloomberg) — Sheldon Solow, a Brooklyn-born college drop-out who became a real estate billionaire by developing architecturally distinctive high-rise buildings in Manhattan, has died. He was 92.

He died Tuesday at Weill Cornell Medical Center in New York after a month-long battle with lymphoma, according to Mia Fonssagrives Solow, his wife of 48 years.



Sheldon Solow wearing a suit and tie smiling at the camera: Sheldon Solow GETTY sub


© Photographer: Stephen Lovekin/Getty Images
Sheldon Solow GETTY sub

Sheldon Solow

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Photographer: Stephen Lovekin/Getty Images

Solow was best known for the 50-story office tower at 9 West 57th Street in Manhattan. A black building with upwardly sloped glass sides, it offered unbroken views of Central Park and was marked with a large red sculpture in the form of the number 9 on the sidewalk in front of its main entrance. The skyscraper’s tenants include hedge funds, private equity firms and luxury goods giant Chanel.

The property developer’s holdings included more than 2,000 apartments in

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Florida developer buys Grand Prairie industrial site

A Florida developer has purchased an industrial building site in Grand Prairie.



a truck is parked on the side of a building: North Texas is one of the country's top office and industrial building markets.


© David Woo/Staff Photographer/The Dallas Morning News/TNS
North Texas is one of the country’s top office and industrial building markets.

An affiliate of Landmark Companies, a developer based in Aventura, Fla., acquired the more than 12-acre site on West Shady Grove Road near S.H. 161.

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The site near Bear Creek is surrounded by industrial properties.

Dallas’ Vanguard Real Estate Advisors arranged the sale of the property by Irving-based National Stone Management.

“Having been extremely active transacting in the Grand Prairie market in the past few years, we were able to quickly identify a compelling Site for Landmark in order to assist in commencing their industrial development initiative,” Vanguard’s Jordan Cortez said in a statement.

Cortez and Vanguard’s Mason John brokered the property sale with David Eseke and Clay Balch of Cushman and Wakefield.

Vanguard has sold

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