Latest news with #apartmentcomplex
CBC
40 minutes ago
- Business
- CBC
Battle between City of Winnipeg, curling club over housing headed to municipal board
The Manitoba Municipal Board has been asked to weigh in on a fight between the City of Winnipeg and the Granite Curling Club over a plan to build affordable housing on a parking lot next to the club. Earlier this year, city council approved a plan to rezone and subdivide the parking lot, as part of a plan to build a 111-unit apartment complex, including 56 units with rents set below the market rate. The city owns both the Granite Way club building and the adjacent parking lot, just across the street from the Canada Life building in West Broadway. It approached a developer, the University of Winnipeg Community Renewal Corporation 2.0, to come up with a plan for the site. The plan has drawn opposition from the board of the curling club, which says it would involve taking away more than half of Granite's parking spaces. That would mean a loss of revenue and could drive away members, threatening the club's long-term survival, according to the board. "The city has known our concerns for over a year and they still have not provided a single solution to any of them," said the board's secretary, Christian Pierce. The board says it's also concerned about riverbank stabilization work, and a proposed revenue sharing agreement between the developer and the curling club intended to help maintain the 113-year-old heritage building. "We've been given no guarantees or confirmation … that they're going to be able to address any of those concerns," Pierce said. In February, council approved the subdivision plan, including an amendment directing city staff to work with Granite executives and the developer to come up with a parking plan and to support the club's sustainability "to the satisfaction of the director of public works and the director of planning, property and development." The board met with city staff in March, but no further information about a parking plan or revenue sharing agreement was provided, and there have been no other meetings since then, Pierce said. He said the curling club isn't opposed to affordable housing next to the building. "The ideal outcome is that the city and the developer can address the Granite's concerns … so that the Granite could continue to operate for decades to come and that the development could also proceed," he said. "But the development can only proceed if it can be shown that the development is actually going to support the Granite … not to the detriment of the Granite." Planning, property and development committee chair Coun. Evan Duncan told CBC News he's surprised the plan has been referred to the Manitoba Municipal Board — a provincial body with the authority to overturn city land-use decisions — after council directed city staff to work out a solution with the curling club. "I thought that at the end of the day, when they left council, that it was at a good spot and that everybody would move ahead, and that ultimately we would see not just affordable housing, but below-market-rate housing and deeply affordable housing," Duncan said. The building, built by the UWCRC 2.0, would have 55 market-rent units, another 12 at 79 per cent of the Canada Mortgage and Housing Corporation's median market rent, and 14 at 69 per cent of that rate. The remaining 30 units would offer rent geared to income. The housing the project would create is sorely needed in the city, said Duncan. "There are Winnipeggers out there who cannot afford rent, they cannot afford a mortgage, they cannot find housing.… Housing is no longer affordable in this city," he said. The Manitoba Municipal Board hearing is set to begin on Aug. 26 at 9:30 a.m. at the Norwood Community Centre, and could go for three days.
Yahoo
13 hours ago
- Business
- Yahoo
Developer blames downtown Detroit job losses for building's woes
A large and relatively new upscale apartment complex in downtown Detroit has fallen into receivership, raising questions about the continued strength of downtown's housing market. The seven-story and 288-unit CBD Detroit Apartments, 313 Park Ave. near Grand Circus Park, has been in court-ordered receivership since late June, after the building's owner was said to have defaulted on a $84 million loan. The building opened in late 2020 on the former site of the old Statler Hotel, a once-grand Detroit hotel that closed in 1975 and was razed in 2005. A French American-style restaurant within the building, The Statler, closed earlier this summer, although the closure is only supposed to be temporary while the restaurant's owner explores a new concept. Shop Top Mortgage Rates Your Path to Homeownership A quicker path to financial freedom Personalized rates in minutes The CBD Detroit Apartments building belongs to Midwest developer Jonathan Holtzman, whose firm, Farmington Hills-based City Club Apartments, has been facing financial difficulties. The receivership situation was first reported by Crain's Detroit, which has also chronicled Holtzman's financial travails. A representative for CBD Detroit Apartments' management told the Free Press the building is 81% leased. The building's website shows asking rents at $1,800 per month for available one-bedroom, 720-square-foot apartments and $2,390 per month for larger two-bedroom units. Reached by phone on Monday, Aug. 18, Holtzman attributed the financial problems at CBD Detroit Apartments to softening demand for downtown Detroit apartments in general, a situation that he believes is a result of fewer people working in downtown since the pandemic. Holtzman said that the other large Detroit apartment building he owns, City Club Apartments Lafayette Park at 750 Chene, is in receivership as well. And he knows of two or three other "major new projects" from other developers that also are in receivership, "but I'm not going to name names." "Eighty-one percent (leased) is a devastatingly bad number," he said. 'Apartment buidlings are designed to be 95%.' More: Here's what happened to the $500 Detroit house Holtzman's firm previously owned the 338-unit Renaissance City Club Apartments at 555 Brush St. (now known as The Miller on Brush), and the 351-unit Detroit City Club Apartments at 1431 Washington Blvd. (Now known as Washington Park Apartments) In 2021, his firm proposed building a large apartment complex along Woodward in Detroit's Midtown that was to be anchored by a small-format Target store, although the project did not move forward. Holtzman said that with fewer jobs in downtown, it becomes harder to fill downtown apartments. He estimates that downtown has lost some 15,000 jobs since the pandemic, and noted headcount reductions at Rocket Companies — the city's largest downtown employer — and how General Motors over time has relocated thousands of downtown workers to its Global Technical Center in Warren. Occupancy in many downtown Detroit apartment buildings are now typically in the high 70% or low 80%, he said, which isn't a good sign. "A significant job reduction, significant remote work — these all have created huge vacancies in apartments in Detroit," Holtzman said. "And so apartments like mine, they were all designed and developed based on the trends of the late (2010s). They weren't designed based on what we're experiencing today." Holtzman said he is surprised that downtown's post-pandemic job loss isn't a bigger topic of discussion, especially with the election this year for the next Detroit mayor. While the upswing in new restaurants, bars and entertainment spots downtown is great, he said it isn't enough because many of those patrons are only visiting and go home to the suburbs. 'To have a viable downtown Detroit, you need to employ people," Holtzman said. "We need to fill up the office buildings, we need to fill up the apartment buildings, we need people working Monday through Friday in downtown." He added, "We are going back to the days where the suburbs are vibrant and the city isn't vibrant, and we can't allow that to happen." A representative for the Downtown Detroit Partnership said the most recent residential vacancy rate in downtown was 18.6%, based on data from the CoStar real estate information service. That is an improvement from a 30% vacancy rate late last year, according to the partnership, that resulted in part from several newly opened buildings flooding the market with inventory, such as the 496-unit The Residences at Water Square on the former site of Joe Louis Arena. Still, downtown's vacancy rate was under 10% as recently as 2022, according to past Downtown Detroit Partnership figures. The change in ownership at two of Holtzman's former large downtown apartments properties — Washington Park Apartments and The Miller on Brush — were factors in last year's higher vacancy rate, according to the partnership, although both properties have since begun stabilizing. Wayne County Circuit Court Judge Edward Ewell appointed a receiver for CBD Detroit Apartments on June 30 at the request of a special servicer for the loan that defaulted. The receiver, Frank Simon on Troy-based Simon PLC, did not respond Monday to a request for comment. Holtzman said he thinks the receivership will likely end in a sale of the building. "It's the best apartment community in downtown Detroit. It's the best location in downtown Detroit," he said. "So I think over time, (CBD Detroit Apartments) will have a positive trend. But I don't think the rental rates will reflect what we thought we were going to achieve." Contact JC Reindl: 313-378-5460 or jcreindl@ Follow him on X @jcreindl This article originally appeared on Detroit Free Press: Developer blames downtown Detroit job losses for building's woes Sign in to access your portfolio
News.com.au
5 days ago
- Automotive
- News.com.au
Neighbour's passive-aggressive notes massively backfire
A heated tit-for-tat between neighbours has erupted over a series of snarky Post-It notes left on a car. The driver, who recently moved into the apartment complex, found four handwritten notes in red text on their windscreen, written by a disgruntled resident. The first note declared: 'RESPECT YOUR NEIGHBOUR. Stop parking in their paid, assigned spot. It's just rude!' When the driver failed to move their car, the angry neighbour continued their paper-based barrage. 'I've tried to be kind, but you ignored my note,' a second note read. 'You could've been towed a week ago. PLEASE let me park in the spot I've had for years. THX.' And a third said: 'NOT YOUR SPOT, PLEASE STOP taking it! THANK YOU'. 'I PAY FOR THIS SPOT and would like to use it. Please and thank you,' the final note read. Sharing the bizarre incident on Reddit, the car owner explained that the spot had actually been assigned to them when they started renting the apartment. 'I have been parking in my assigned place … one day I came out and found these notes plastered across my windshield and window,' they explained in the thread. Being new to the building and unfamiliar with the layout, they initially thought that they might have parked in the wrong spot. But after speaking with the real estate agent, they confirmed that it was indeed their spot. In light of this, the post's author then removed the notes from her car and left a message of her own. She said something to the effect of 'I checked with the office and this is my spot. You should check with them too'. Several hours later, she checked her car and the note was nowhere to be seen. 'No new notes have appeared,' she shared. Instantly, hundreds of commenters weighed in with their thoughts on what had happened. Many believed the neighbour leaving the notes had been parking in the wrong spot for years. 'If I was wrong and I did this, I would be so embarrassed and offer an apology and probably a gift,' said one. 'The irony of being mad that someone took the spot that you've actually been the one stealing,' chimed in another. Others believe that the angry neighbour was aware they had been parking in the wrong spot all along and were just upset the jig was up. 'The 'parking here for YEARS' gives it away,' said one. 'They just feel entitled to this spot even though it isn't assigned to them'. 'They were trying to intimidate them into moving,' suggested someone else. 'They knew that wasn't their spot, but they'd probably been using it while it was empty and are now p*ssed that someone moved in and claimed the spot they'd been using'. Meanwhile, some thought the note writer might have been innocent. 'For all we know, the other driver didn't even make any mistakes. The office could have told them years ago the wrong spot number, and they've been parking there ever since, but nobody told them,' theorised one user. A surprising number of people agreed with this, explaining that they'd faced similar issues in their own apartment blocks when parking spaces assigned to specific units had been misallocated, only discovering it when new tenants moved in. Others suggested a better approach would have been to request a formal letter from the real estate agent confirming the spot was theirs, and then put it on their car.
CTV News
18-07-2025
- General
- CTV News
Lucasville, N.S., residents concerned over proposed 118-unit apartment building
Plans for an apartment complex in Lucasville, N.S., are not sitting well with a number of residents in the area. Plans for an apartment complex in Lucasville, N.S., are not sitting well with a number of residents in the area. Plans for an apartment complex in Lucasville, N.S., are not sitting well with a number of residents in the area. Dozens of people attended what was billed as an emergency public meeting on the issue at the Wallace Lucas Community Centre Thursday night. The proposed 118-unit building in the 500 block of Lucasville Road is the latest in a series of developments residents say have been quietly approved by the Halifax Regional Municipality. They say the end result is reshaping the historic African Nova Scotian community without residents' consent. 'We've got traffic ... between 5,000 and 10,000 cars go through this road already, so it's going to add to that. We have a community centre here that cannot house the amount of people that we already have within our boundary,' said Devon Parsons with the Lucasville Vision Committee. 'We have no transit, we have no sidewalk, so there's many things that need to be fixed before anyone should even think about wanting to put a 118-unit apartment building on Lucasville.' Residents are asking the city to pause all Lucasville developments until residents have completed their own planning process and cancel permit extensions granted without factoring in the area's historic and cultural designation. A petition is also being circulated with more than 700 signatures. With files from CTV Atlantic's Bruce Frisko. For more Nova Scotia news, visit our dedicated provincial page
Yahoo
11-07-2025
- Business
- Yahoo
‘Stunning' NYC housing opportunity has some units with rents under $1,500
NEW YORK (PIX11) — A new affordable housing apartment complex in Brooklyn features an outdoor terrace and some units with rents starting below $1,500, according to NYC Housing Connect. The new apartment building will be located in Gowanus and offers 25 units serving New York City households that earn between $45,738 and $189,540. More Local News 'Standing eleven stories tall, the Baltic Canal offers stunningly designed residences and exceptional amenities, just steps from the Gowanus Canal. Units at The Baltic blend style and functionality,' reads the details section about the housing unit. Amenities for the apartment complex include a gym, a yoga room, a recreation room, a rooftop terrace, and in-unit washer and dryer. For more on this and other affordable housing opportunities, click here. Matthew Euzarraga is a multimedia journalist from El Paso, Texas. He has covered local news and LGBTQIA topics in the New York City Metro area since 2021. He joined the PIX11 Digital team in 2023. You can see more of his work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
