Deacon Development’s Post

Boston Residential Group, LLC (BRG) have announced the intent to commence construction of the 12-story condo tower at 55 India St. in Boston after a 4 year pause. BRG secured $90 million in financing from Bank OZK which allow construction to proceed. This project is among the first high-end developments to break ground post-COVID. The 76,000 SF building will feature 29 units, including 5 affordable artist lofts, and a 4,250 SF ground floor restaurant. Rising construction costs and interest rates have inflated the projected project cost form $72M to $90M since the project was paused. however, the strength of Boston's residential market gives BRG CEO Curtis Kemeny confidence in the project’s ability to turn over the condos. McNamara • Salvia, Structural Engineers Adam McCarthy, P.E. Sydney Project Management Hacin Copley Wolff Lee Kennedy Co., Inc. Nitsch Engineering Simpson Gumpertz & Heger (SGH) WSP Schweppe Lighting Design Inc Acentech Code Red Consultants Soden Sustainability Consulting Howard Stein Hudson #bostondelopment https://lnkd.in/ez6UTYAT

The most amazing thing about design, is you can design something to be at once economical, high-performance, durable and stylish. Every human deserves dignity, and thoughtful architecture can meet insanely tight budgets, timelines, and provide a superior quality of life to its residents. All we need to do is care, and understand how it can be done. I will go out on a limb to add - housing for those in need, can and should be as desirable as housing for those that can afford it - since it is my firm belief that mixed income developments promote civil society, and can benefit everyone. #afforabilitythroughsimplicity ps: space (and I don't mean footprint) costs nothing, and that's what is so great about these projects, the spaces are carefully designed, the structural materials are often the finishes, and labour inputs are reduced to a minimum through simplified geometry and assembly components.

Introducing Danforth + Westlake, a new mixed-use residential project for First Capital, located near Main Street subway, the Danforth GO, as well as bus and streetcar routes. The proposed project, which has been submitted for rezoning, would redevelop the better part of a block along Danforth Avenue between Main and Westlake by updating the existing grocery store and replacing a surface parking lot to offer 80% new commercial space at grade. Two residential buildings — a 35-storey high-rise and 13-storey mid-rise — are connected by an engaging podium and mediate between different densities on either side of the site. Together, they will add 620 new homes to this growing community, with 35% of the units designed for families. The podium scheme deliberately scales down to the neighbourhood with an animated streetwall that strives to mirror the cadence and materiality of Danforth Avenue. Our goal is to strengthen the retail corridor along this major artery and create an asset for the broader community that enhances the public realm experience with fine-grain design at grade, raised bike lanes, new trees, and a POPS space at the east end of the site. We’re excited about this one and grateful to First Capital REIT for bringing us on board! And many thanks to the whole consultant team for everyone’s hard work so far: Bousfields Inc., Janet Rosenberg & Studio, civilGo Engineering Inc., BA Consulting Group Ltd., RWDI, Entuitive, The Mitchell Partnership Inc., ERA Architects Inc., and Cicada Design Inc..

Will the largest development in the past 5 years finally get San Francisco final approvals? One step closer. Project highlights for 530 Howard St proposed site include: “The 843-foot tall structure will yield around 882,250 square feet, with 730,975 square feet for housing and 48,000 square feet for parking. Once complete, the tower will contain 672 apartments, with sizes ranging from 424 one-bedrooms, 180 two-bedrooms, and 68 three-bedrooms. Parking will be included for 149 cars and 456 bicycles. The plan will include 68 affordable units for households earning at most 50% of the area’s median income.” More residential units and increased supply is needed. This development will also forever change the San Francisco skyline, once completed. Did you know this new development would be only 10 feet shorter then Transamerica, which is approximately 853 feet?!

An 11-story office building in Downtown Crossing would be reborn as rental housing under plans submitted by a developer active in Boston’s residential conversion program. KS Partners plans 90 apartments, including 42 studios, at the 15 Court Square property that it acquired in 2019 for $29 million. The developer hired Boston-based Balance Architects to design the $27.9 million conversion, breaking up the 7,269-square-foot floor plates into eight apartments apiece. The project would include a 17 percent income-restricted component. No parking is proposed or required, according to a small project review submitted to the Boston Planning Department. Boston’s downtown office to residential conversion program has attracted applications that would create 546 housing units. The program reduces property taxes by 75 percent over a 29-year period. According to an application for the tax abatement submitted in June, KS Partners estimates market-rate rents at $1,500 to $4,800. At the time, the building had 14 commercial tenants, including eight with leases expiring after October 2025. Tenants will be offered the chance to relocate to other KS Partners-owned properties in the downtown area, according to the filing. KS Partners also is pursuing conversion projects at 95 Devonshire St. and 258 and 262 Washington St.

GK Crystal Homes is a residential project comprising ground plus two floors (G+2) that offers various configurations of apartments, including 1BHK, 2BHK, and 3BHK options. If you’re looking for ready-to-move flats in this project, here are some features and benefits you might expect: ### Features: 1. **Variety of Options**: The project provides different sizes of flats, catering to various family sizes and preferences (1BHK, 2BHK, and 3BHK). 2. **Modern Amenities**: Typically, such residential projects offer amenities like 24/7 water supply, power backup, security services, and parking facilities. 3. **Quality Construction**: Expect modern architecture and quality construction materials. 4. **Location Benefits**: The project may be strategically located near essential services like schools, hospitals, shopping centers, and public transportation. 5. **Ready to Move In**: As the flats are ready to move, you can avoid the long wait often associated with under-construction projects. ### Considerations: - **Pricing**: Review the pricing for each type of flat, keeping your budget in mind. - **Floor Plans**: Examine the floor plans to ensure the layout meets your needs. - **Local Infrastructure**: Research the surrounding area's infrastructure and development plans. - **Developer Reputation**: Check the track record of the developer for quality and timely possessions. For specific details, such as pricing, availability, and features of each flat, it would be best to contact the sales team or visit the property site directly.

INDUSTRY NEWS // In case you haven’t heard, there’s a massive new $500M Build-to-Rent tower in the works, and it’s turning heads in Melbourne’s Docklands! Lendlease has just announced it is partnering with Japanese firm Nippon Steel Kowa Real Estate (NSKRE) to make this towering marvel happen, but guess who’s been on the architectural drawing board since late 2023? That’s right, Cox Architecture! Cox has been shaping the plans for this beauty from day one, transforming an irregular-shaped site at Victoria Harbour into a sleek, modern living space. With Council already endorsing the project, it’s full steam ahead. Expect a design that’s as slick as it is sustainable, blending aesthetics with urban living like a fine-tuned symphony. This is more than just a building; it’s about creating a space that feels like home but also makes you stop and say “Wow!” every time you walk in the door. Build-to-Rent projects are on the rise, and Cox is at the forefront of making them both practical and breathtaking. Architects and Engineers, what’s your take on Build-to-Rent reshaping the urban landscape? Read more via Inside Construction AU.👇 #VividRecruitment #IndustryNews #Architecture #Engineering #UrbanDesign #BuildToRent Lee Stevens Nicholas Koop

🏙️ Big things are happening in Vaughan! 🏗️ A proposed 17-building development is set to reshape the city's skyline with a dynamic mix of residential, office, and retail spaces. This project signals continued growth and opportunity for the area, potentially impacting both local living and investment landscapes. What are your thoughts on this large-scale development? How do you think it will shape Vaughan’s future? #VaughanRealEstate #DevelopmentNews #CityGrowth #RealEstateOpportunities

Approval granted for $225 Albert Park BtR project! Developer undertaking process to source & appoint a builder. Melbourne's Build-to-Rent Boom Continues: @HOME Seeks Builder for Albert Park Project! Build-to-rent specialist @HOME is on the hunt for a builder for their newest project on the site of the long-vacant Bayview Eden Hotel in Albert Park. This project will see the iconic 19th-century mansion 'Netherby' transformed into a vibrant residential space with a whopping 571 new apartments! There's something for everyone, with a mix of studio, one, two and three-bedroom apartments available. Residents will also benefit from a new public connection for improved accessibility and stunning amenities housed within the revitalised Netherby mansion. Sustainability is a key focus, with the project targeting a 5-Star Green Star rating and net-zero carbon operation. HOME has also partnered with Homes for Homes to give back to the community by providing funding for homeless initiatives. Construction is expected to kick off in Q3 2024, following the recent success of HOME's Docklands project currently being built by Hacer Group. Project details at a glance: 🔸Location: 6-9 Queens Road, Albert Park, Melbourne 🔸Developer: HOME (part of GFM Group) 🔸Architect: Cox Architecture & HOME Design Team 🔸Builder: Tender process underway 🔸Number of apartments: 571 (mix of studio, 1, 2 & 3 bedrooms) 🔸Amenities: Refurbished Netherby mansion, public connection between Queens Road & Queens Lane 🔸Sustainability: Targeting 5-Star Green Star & net-zero carbon operation 🔸Community: Partnership with Homes for Homes to support homeless initiatives The full article dives deeper into the project's location and surrounding amenities. Check out the comments section to learn more. #BuildingTalks #MelbourneProperty #PropertyDevelopment

Developer reveals plans for 31-storey City tower designed by Wilkinson Eyre: CO-RE’s for Aviva Investors to replace 1950s tower on the edge of the City’s eastern cluster #construction #news