Latest news with #TheResidences
Forbes
3 days ago
- Business
- Forbes
Edition Hotel's Latest Residences Offer Sweeping Views Of Nashville
The Residences at The Nashville Edition will offer luxury living in the heart of Music City. Located in Nashville's Gulch neighborhood, the boutique hotelier is offering 84 ultra-luxury private residences that will be situated across the top 15 floors of the city's new Edition hotel, with two half-floor penthouses occupying the very top. The condos range from one to four bedrooms, with pricing starting at around $1,650,000. Corcoran Sunshine Marketing Group, along with its local Nashville affiliate Corcoran Reverie, will exclusively lead the sales and marketing efforts; with units currently on sale to prospective buyers. The residences have been developed by Tidal Real Estate Partners and Left Lane Development, in collaboration with Marriott International and will join the brand's growing portfolio of unique, luxury hotels and residences which span across the United States, and beyond. 'With The Residences at The Nashville Edition, our goal is to build the finest residential building in this important American city,' said Mick Walsdorf, CEO of Tidal Real Estate Partners. 'Edition's warm and elegant interior aesthetics — as well as their true commitment to luxury — are in our view perfectly tuned for Nashville. We're proud to build on our past success delivering best-in-class residential offerings to important locales. This development is more than merely another hotel branded residence — it is a statement about where the city of Nashville is headed in its next chapter as a truly cosmopolitan destination known the world over.' Exteriors have been designed by by award-winning Nashville-based architecture firm ESa, with interiors by New York-based INC Architecture & Design. The glass tower will make a big impact on Nashville's skyline and will offer residents jaw-dropping views of the city and the Tennessee Hills from the condos' oversized windows. Owners will enjoy exclusive private services and amenities, as well as direct access to all that will be offered at The Nashville Edition Hotel. Exclusive amenities will include a dedicated lobby with concierge and valet services, a private state-of-the-art fitness center, a golf-simulator, private dining and multiple lounge areas. Seamless indoor-outdoor living will play a huge part in the residence community. Homes will feature private terraces, while a signature outdoor pool deck on the rooftop makes the perfect location for outdoor socializing throughout the southern summers. In addition, residences will have access to the hotel's pool, spa and restaurants.
Chicago Tribune
22-05-2025
- Business
- Chicago Tribune
Plan for 90 rental row- and townhouses clears Naperville commission
A community of 90 rental townhouses and rowhouses would be built at the corner of Naper Boulevard and Plank Road in Naperville under a proposal that cleared the city's Planning and Zoning Commission Wednesday. Plans for The Residences at Naper & Plank call for 34 townhouses and 56 rowhouses costing roughly $3,900 to $5,000 a month, filling a niche need for 'renters by choice,' say officials with petitioner Gen-Land LLC, a subsidiary of the national real estate firm Lincoln Property Co. Commissioners unanimously recommended approval of all elements of the developer's request, despite concerns from several neighbors, who said they fear traffic congestion and would prefer a development of single-family houses. Requests from the developer include annexing the currently unincorporated land into the city; zoning it R3A for medium-density multifamily residences; approving the community as a planned unit development; recording a plat of subdivision for the 8.2-acre site; allowing the rowhouses to be 38 feet tall instead of the code-permitted 35 feet; and allowing a density of 11 housing units per acre. If these items and plans for the project are approved by the Naperville City Council, construction as soon as this fall and the homes could be fully leased by 2027 or 2028, Zach Grabijas with Lincoln Property Co. said. The developer anticipates two potential groups will have high interest in the homes, which will be between 1,550 and 1,950 square feet and will have two or three stories, two or three bedrooms and 2.5 bathrooms. 'The majority of it is focused on empty-nesters and active adults,' said Bryan Farquhar, senior vice president of multifamily development for Lincoln Property Co., 'but then also your younger demographic — millennials that are reaching life milestones or starting families that don't necessarily want the burden of owning a single-family home.' However, people living near the site said they would prefer more standalone, owner-occupied houses instead of rentals. They said they fear the addition of 90 new units would further tie up traffic in an area already congested by the opening of Naperville's second Costco store and a busy drive-thru coffee shop called 7 Brew. 'The proposed development is far too dense and will bring far too much traffic,' said Elizabeth Baumgart, who lives south of the site off Tuthill Road. 'We moved to Naperville for less congestion, not more congestion.' Commission Vice-chair Whitney Robbins said she lives in the area, drives on Plank Road daily and understands the worries about increased traffic. But she also appreciates that the proposal aligns with the city's 2022 comprehensive plan, which calls for a housing density of 10 to 12 units per acre at the site, she said. 'I think it's a really well thought-out plan,' Robbins said. The proposal includes a public park at the southeast corner of the site in cooperation with the Naperville Park District and constructing sidewalks and a walking path. The development would include more open space than the 30% mandated by city code and would come have 274 parking spaces across garages, driveways and the street, 71 more than the city requires. The developer also would improve and widen streets, including Burlington Avenue and Tuthill Road, to meet city standards, with a 28-foot width, curbs, gutters and storm sewer infrastructure, said Vince Rosanova, attorney for the project. Access to the townhouses and rowhouses would be limited to Tuthill and Burlington, 'which will avoid unnecessary interference with traffic circulation,' the petitioner wrote in documents submitted to the city. 'We're confident in what we're proposing,' Farquhar said.
Mercury
23-04-2025
- Business
- Mercury
How downsizing Baby Boomers could unlock 33,000 Aussie homes
A record number of Australians plan to downsize to boost their retirement funds, according to new research, potentially unlocking more than 33,000 homes over the next five years. According to national survey conducted by leading property developer Capital Corporation, 56 per cent of downsizers intend to move to a smaller home to free up money for their retirement and reduce housing costs by 2030. One in four (23 per cent) of those surveyed said planned to scale down to a property within the same price bracket as their current home, with one in six (16 per cent) Australian downsizers expecting to spend between $1m to $2m on their downsized property. This coincides with the current Sydney median house price of $1.6m. The research supports a growing trend that Capital Corporation has observed in its new luxury apartment development, The Residences at Wahroonga Estate, with an influx of empty nesters purchasing the two and three-bedroom residences. RELATED 'You can kiss your pension goodbye': Radical plan to remove Boomers Radical plan to remove Boomers, unlock 60k homes Surprise results of Boomers' empty houses poll The luxury apartment project – estimated to be completed by 2027 – will include 186 homes, new roads, landscaping, and amenities. Capital Corporation Director, Jim Hunter said the majority of The Residences' buyers were looking for a 'house-like' experience on the upper north shore, trading in a large family home for a lower maintenance lifestyle, security and the freedom to travel. 'It's clear that many of our buyers are empty nesters living on the upper north shore seeking to improving their quality of life by downsizing from their family home,' he said. 'By enhancing the quality of finishes, providing generous garden amenities, and designing the apartments to feel more like homes, people have gained the confidence to downsize without feeling like they are downgrading in any way.' MORE NEWS: Final 43 Aussie suburbs under $400k exposed According to the Australian Bureau of Statistics, people aged 65 and over make up 17 per cent of the total Australian population. This figure is set to grow to around 23 per cent by 2063. With Australia's population ageing rapidly, the demand for smaller, low maintenance dwellings is on the rise. Mr Hunter said Capital Corporation's research showed that many older Australians still face significant housing costs, with 30 per cent of downsizers still paying a mortgage on their current home. The survey found 40 per cent of respondents in NSW and the ACT wanted to downsize to an apartment and 39 per cent of Baby Boomers nationally (aged 65 years or over) hoped to relocate to a two-or three-bedroom apartment. Radical plan to remove Boomers The housing crisis has now also emerged as a cornerstone of the federal election campaign, sparking calls for reforms by the Retirement Living Council (RLC) to unlock 59,576 homes across Australia. In a recent report, the RLC urges the removal of financial barriers in order to encourage older Australians to 'rightsize' and create much-needed housing opportunities for younger families. According to the Removing Rightsizing Roadblocks report, reforms to the Age Pension assets test and Commonwealth Rent Assistance eligibility could encourage an additional 94,000 seniors to access retirement village housing options by ensuring they are not financially penalised for doing so. MORE NEWS: Multimillion-dollar land sale proves property market is out of control RLC executive Daniel Gannon said these changes could lead to significant outcomes, including reducing the costs and demand on public housing, hospitals and aged care, while generating $2.95b in stamp duty revenue for state governments. 'Prehistoric policies are locking older Australians in large family homes during a housing crisis when rightsizing initiatives should be front and centre to ease pressure on housing and healthcare systems,' he said. 'It's absurd that policies written decades ago are expected to keep up with modern day house prices and cost of living. Older Australians risk losing their pension while younger people are in housing limbo.' Read more on the subject here. Surprise results of Boomers' empty houses poll A social poll asking whether a tax break will help around 60,000 Baby Boomers 'rattling around' in large empty houses move on to better digs has had some surprising results. Born after World War II to the mid 1960s, Baby Boomers have become the wealthiest generation on the planet thanks in large part to astronomical escalation in property prices, and around 60,000 are estimated to be living in homes too large for their needs that they cannot take care of without help – which prompted the question of whether a tax break might help make that decision easier. The feedback to a social media survey conducted by News Corp came thick and fast. Around 45 per cent of 1117 people who responded were a clear no on the question of a tax break to move on, 36 per cent were a clear yes, 13 per cent laughed, 5 per cent expressed anger and the rest loved it. MORE NEWS: Federal Election 2025: Labor, Coalition housing policies slammed Respondent Rachael Hickey commented: 'This is ridiculous. People shouldn't feel like they have to give up their homes they worked hard for' – a view supported by Ruth Griffin who said 'their homes were purchased with interest of 18 per cent for a loan. You had to work and save for most, not rely on government'. There were also calls to look at other options including one by Lamgwynn McLeod saying 'stop large scale investment buying! Limit purchasing of Australian properties to Australian citizens! Limit how many investment properties someone can own!' Read the fully story here.
News18
21-04-2025
- Entertainment
- News18
Saif Ali Khan Buys Luxury House In Doha 3 Months After Knife Attack In Mumbai: 'It's Very Safe Here'
Last Updated: The actor has invested in a luxury property at The Residences at The St Regis Marsa Arabia Island, The Pearl, in Qatar. After his ancestral Pataudi Palace and plush Bandra apartment, Saif Ali Khan has added yet another lavish address to his name and this time, on international shores. The actor has invested in a luxury property at The Residences at The St Regis Marsa Arabia Island, The Pearl, in Qatar. Speaking at a press conference hosted by the Alfardan Group, Saif opened up about what drew him to the location. 'Think of a holiday home or a second home. There are a few things I think of. One is that it's not very far away and it's easily accessible. And then the other thing is, the most important thing is that it's very safe and it feels very good to be there," he said. 'And the concept of an island within an island is also very luxurious and beautiful and it's just a really lovely place to live. And the feeling you get when you're there is the important thing and the views and the food and the kind of lifestyle and the pace of living and these are a few of the things that led to my decision. I had gone there to do some work and I was shooting for something and I stayed at the property and I thought it was amazing and there was something about the mixture of privacy and luxury that I really liked. And again, it was things like food and the way the menu was curated and various things like this. I mean, literally in a nutshell, it felt like home away from home, so that made it very easy," he added. The new home marks a fresh chapter in Saif's life, especially after he endured a violent attack at his Mumbai residence earlier this year. The actor had to undergo surgery to remove a knife fragment near his spine. Remarkably, he bounced back to work just days later. Now, with a serene retreat in Qatar and a busy slate of projects, Saif is all set for a strong comeback. Up next, he stars in Jewel Thief: The Heist Begins, a sleek thriller that will stream on Netflix starting April 25. Directed by Kookie Gulati and Robbie Grewal and produced by Siddharth Anand and Mamta Anand under the Marflix banner, the film promises action, intrigue, and Saif in a sharp new avatar. First Published:
Yahoo
17-04-2025
- Business
- Yahoo
Tampa Bay Times won't return to its historic building damaged by hurricane
After 100 years of phones ringing and journalists buzzing through the halls of the building at 490 First Ave. S in downtown St. Petersburg, the Tampa Bay Times is relocating out of its historic home. Conan Gallaty, chairperson and CEO of Times Publishing Co., announced the update to staff Thursday at a company-wide meeting. The employees of the Times, including its reporters, editors, photojournalists, executives and advertising staff have all been working from home and other remote locations since Hurricane Milton sent a crane crashing through multiple floors in October, leaving behind concrete rubble and a gaping hole that remains open to the elements. Since then, the offices have been uninhabitable because of structural and mold concerns. Despite the destruction, the future of the Times' headquarters was still unclear until this week as the company navigated the obligations of its lease. The Times was one tenant in the building, along with a defense contractor, a law firm and a juice shop. 'The destruction of our historic home is a terrible loss,' Gallaty said. 'For a century, those halls and offices were filled with the best local reporters, photographers and editors in the country. However, this certainty allows us to plan our next chapter. Our great journalism will continue, driven by a resilient and adaptable team.' Gallaty declined to say how ending the lease would impact the news organization's finances. The company offered buyouts last summer to reduce its staff by 20%, caused largely by uncertainty in the news media industry that has persisted since the internet disrupted its advertising model. But Gallaty said leaders are looking for a new space. Whether the company will be able to retrieve the contents of the destroyed newsroom, including copies of its 14 Pulitzer Prizes, remains unclear. For most of the last six months, the building owner has not allowed tenants into the building. A spokesperson for Lincoln Property, which manages the property, did not respond to a voicemail seeking comment. Neither did Robert Mason, an Atlanta-based real estate investor who is listed on business records for the LLC that owns the building. The owners have not indicated publicly if they plan to restore the former home of the Times or tear it down. The crane that plunged 550 feet on the night of Milton's landfall was part of a massive construction project across the street erecting the highest tower in the city, called The Residences at 400 Central. Shortly after Milton, a Times investigation revealed that Florida has no laws on crane safety. In fact, state lawmakers have barred local government from passing crane regulations themselves, at the urging of construction lobbyists.
