Latest news with #residentialtower
Yahoo
10 hours ago
- Business
- Yahoo
Suffolk to Lead Construction of Aman-Branded Residential Tower at One Beverly Hills
Renderings and construction photos can be found here BEVERLY HILLS, Calif., July 31, 2025--(BUSINESS WIRE)--Suffolk, one of the most innovative and successful builders in the country, has been selected to lead the development of the first residential tower at Aman Beverly Hills, as part of the One Beverly Hills master plan. The architectural landmark will feature an exclusive collection of ultra-luxury residences, retail and amenities, and serve as a defining centerpiece of Aman Beverly Hills, the brand's first West Coast destination. Developed by Cain International and master planned by Foster + Partners, One Beverly Hills is a 17.5-acre transformative mixed-use project that integrates world-class architecture, luxury hospitality, and expansive green spaces in the heart of Beverly Hills. "This project represents a landmark opportunity to redefine California's residential skyline," said Cliff Goldsmith, SVP, Operations, Suffolk Los Angeles. "Our team is dedicated to unparalleled precision and cutting-edge innovation, setting a new standard for luxury construction that will resonate for years to come." Designed by renowned architecture firm KHA (Kerry Hill Architects) with Adamson Associates as executive architect, the first residential tower will rise above the project's podium and extend through to its exclusive penthouse level, offering panoramic views across Beverly Hills and beyond. Construction is now underway and slated for completion in 2027. "One Beverly Hills is a groundbreaking development that will set a new benchmark for luxury living. We look to work with the best-in-class across every element of this project and Suffolk brings exactly that — the highest level of expertise and precision, deep experience in complex builds, and a shared commitment to excellence," said Larry Green, Managing Director of Cain Development. One Beverly Hills will include two Aman-branded residential towers, an Aman Hotel, an Aman Club and luxury retail and dining, all set within 10 acres of botanical gardens and open space designed by global design collective RIOS. The Beverly Hilton will also undergo a transformative redesign, with integrated hospitality, wellness, retail and dining elements throughout the site. Upon completion, One Beverly Hills will offer an unprecedented urban sanctuary at the intersection of Wilshire and Santa Monica Boulevards — setting a new global standard in ultra-prime living and hospitality. About Suffolk Suffolk is a national enterprise that builds, innovates and invests. Suffolk is an end-to-end business that provides value throughout the entire project lifecycle by leveraging its core construction management services with vertical service lines that include real estate capital investment, design, self-perform construction services, technology start-up investment (Suffolk Technologies) and innovation research/development. Suffolk – America's Contractor – is a national company with more than $8 billion in annual revenue, 3,000 employees, and offices in Boston (headquarters); New York City and Westchester County, New York; Miami, West Palm Beach, Tampa and Estero in Florida; Dallas; Los Angeles, San Francisco and San Diego; Las Vegas; Portland, Maine; New Haven, Connecticut; Herndon, Virginia; and Salt Lake City. Suffolk manages some of the most complex, sophisticated projects in the country, serving clients in every major industry sector, including healthcare, life sciences, education, gaming, transportation/aviation, federal government and public work, mission critical, advanced technology and commercial. Suffolk is privately held and is led by Founder, Chairman and CEO John Fish. Suffolk is ranked #8 on ENR's list of "Largest Domestic Builders" and #10 on its list of "Top CM-at-Risk Contractors." For more information, visit and follow Suffolk on Facebook, Twitter, LinkedIn and YouTube. About Cain International Cain International ("Cain") is a vertically integrated investment firm spanning real estate and private equity, with $13.6 billion in equity assets under management globally as of 31 March 2025. In real estate, Cain manages a diversified portfolio and deploys capital with specialised expertise across hospitality, industrial and logistics, net lease, and residential-led developments. Its private equity platform focuses on investments in businesses and brands across the lifestyle and entertainment industries. Cain is a partnership between its CEO, Jonathan Goldstein, and Eldridge Industries. For more information, visit View source version on Contacts Dan Antonellisdantonellis@ +1 (617) 517 4232 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-07-2025
- Business
- Yahoo
Old Family Dollar demolished in Quincy Center. What will take its place?
QUINCY ‒ Crews have begun demolition of the former Family Dollar in downtown Quincy, clearing the way for a restaurant and seven-story residential tower by real estate developer Joey Arcari, best known for his Tavern on the Square restaurant chain. Arcari's 68,000-square-foot tower at 1445 Hancock St. would include 18 spaces of subsurface parking, a two-level restaurant and five levels of one- and two-bedroom apartments, with 43 units in all. Quincy's planning board approved the proposal in May 2023. The development will be called "The Hancock," according to renderings on the website for Monarc Development, Arcari's company. In 2023, Arcari told The Patriot Ledger he would rent 25 spaces from a nearby public parking garage currently under construction for tenants who don't receive one of the 18 spaces under his building. Arcari did not respond to requests for a construction timeline left with Monarc Development and his Broadway Hospitality Group. The tower will replace a two-story brick building built in 1924. Quincy's historical commission approved demolition of the building in October 2023. Earlier this year, Quincy knocked down two city-owned properties next door at 1455 and 1459 Hancock St. which once held a doughnut shop and taekwondo studio. Now a vacant lot, the space will become a public park providing open cafe seating for Arcari's restaurant. Quincy acquired the properties through eminent domain in 2022, paying $7 million in compensation. The acquisitions were financed through debt. The park will connect Hancock Street with General McConville Way, where two large developments are currently under construction on either side of the Generals Bridge. In a video address posted to social media, Mayor Thomas Koch said ongoing work on a medical office building with public parking garage and retail space attached, overseen by FoxRock Properties, will be completed in 18 months. On the other side of the bridge, Koch said crews are working on a mixed-use project by Atlantic Development and the Hanover Co. that will bring about 300 new apartments and retail space to Quincy Center, including a grocer rumored to be Trader Joe's. "It's really going to liven up this part of Quincy Center," Koch said. On the other side of the future city park, Sam Slater's Tremont Asset Management has proposed a 15-story tower at 1469 Hancock St. The Adams Arcade building, which was built in 1933 and formerly held a discount furniture store, would make way for 204 residential units and retail space. Tremont Asset Management, Slater's company, did not immediately respond to a request for updated information on the the development at 1469 Hancock St. Peter Blandino covers Quincy for The Patriot Ledger. Contact him at pblandino@ Thanks to our subscribers, who help make this coverage possible. If you are not a subscriber, please consider supporting quality local journalism with a Patriot Ledger subscription. Here is our latest offer. This article originally appeared on The Patriot Ledger: What will replace demolished Family Dollar in Quincy Center Solve the daily Crossword
Khaleej Times
17-07-2025
- Business
- Khaleej Times
Tiger Properties sells out phase one of 255m-tall Auresta Tower; launches phase two on July 15
Tiger Properties has officially sold out Phase One of Auresta Tower, its flagship 255-meter residential skyscraper located in the heart of Jumeirah Village Circle (JVC). Achieved within just a few weeks of launch, the rapid sell-out underscores the strong demand from both investors and end-users for high-quality, move-in-ready homes in Dubai's thriving real estate market. Following this success, the developer has launched Phase Two sales as of July 15, 2025, inviting buyers to explore a new wave of premium apartments that blend elegance, functionality, and value. Luxury living redefined One of the tallest residential towers in JVC, Auresta Tower features approximately 900 fully furnished apartments, each equipped with modern appliances and designed to provide residents with a seamless, ready-to-live-in experience. The architectural design is sleek and contemporary, enhanced by high-end finishes including marble flooring, custom lighting, and meticulously crafted interiors that reflect refined craftsmanship. Residents can enjoy a wide array of upscale amenities such as an infinity swimming pool, a yoga deck, entertainment zones, a state-of-the-art fitness center, luxury spa, outdoor jogging track, BBQ area, and seven levels of dedicated parking. The tower also features premium ground-floor retail outlets, with 24/7 security and concierge services ensuring comfort and peace of mind. Flexible investment plans Phase two units start from Dh628,000 and are available with attractive post-handover payment plans. Studio buyers can benefit from a 20% down payment, 50% during construction, 10% on handover, and the remaining 20% post-handover over two years. For one to three-bedroom apartments, buyers can opt for a 70% payment during construction and 30% post-handover over two years. Commenting on the project's success, Eng. Amer Waleed Al Zaabi, CEO of Tiger Properties, said: "At Auresta, our focus was on delivering the highest levels of quality — from material selection to the finishing touches. Every apartment is fully furnished and thoughtfully equipped with modern appliances, tailored to meet the refined tastes of our clientele. This project sets a new benchmark for luxury and craftsmanship in Dubai's residential market." A prime location with high returns Strategically positioned in Jumeirah Village Circle, Auresta Tower offers residents freehold ownership and projected rental yields of up to 8%. The central location ensures convenient connectivity to key city landmarks: just 10 minutes to Dubai Hills Mall, 13 minutes to Dubai Marina, and 15 minutes to both the Mall of the Emirates and Downtown Dubai. Dubai International Airport is also a short 25-minute drive away.
Khaleej Times
17-07-2025
- General
- Khaleej Times
Dubai Marina fire: Some tenants struggle to find new homes one month after blaze
It has been a month since a fire broke out in a residential tower in Dubai Marina, affecting over 3,820 residents from 764 apartments. While the flames were quickly brought under control and emergency teams cleared the area, many residents are still struggling to find a place to call home. The fire, which broke out on the night of June 13, caused extensive damage to several floors of the high-rise. While no fatalities or major injuries were reported, dozens of apartments were left uninhabitable. For many residents, the ordeal didn't end with the fire, it marked the beginning of a difficult house-hunting journey. Prateek, an Indian expat, had moved into the tower just a few months before the incident. 'We were living on the 29th floor,' he said. 'But now, my family has returned to India, and I have moved in with a friend.' Stay up to date with the latest news. Follow KT on WhatsApp Channels. Prateek was paying Dh94,000 annually for a two-bedroom apartment in the building. After the fire, he began searching for similar accommodations nearby, but even with an increased budget, he is unable to get one. 'I have been looking around Marina and nearby areas. Even at Dh105,000, I can't find a proper two-bedroom flat. Everything is either too small or far too expensive,' he said. For some residents, the fire not only left them without a home but also brought unexpected expenses. From buying clothes and electronics to replacing documents and daily essentials, the financial burden has been steep. 'Had to start over in a new area' Ali Reza, an Iranian chef who had been living in the tower for three years, has now moved into a shared apartment in Barsha Heights. In the initial days after the fire, he spent a few nights in a hotel and then with friends, carrying only the few items he managed to grab during the evacuation. 'The building was close to my workplace. I could take essentials, my passport, clothes, and some work items,' he said. 'But I'm thankful to friends who helped me during the move. One of them even gave me a spare mattress and utensils to use until I could get back on my feet,' he added. 'I had to get my own space' Lizy, a Filipina expat, initially stayed at a friend's house after the fire. But after a few weeks of sharing a room, she decided it was time to find her own space. 'I found a studio nearby. It's not far from work, and it was all I could afford,' she said. Lizy managed to retrieve most of her belongings, including documents and clothes from the damaged building, but she's still waiting for her advance rent and security deposit to be refunded. 'That money could've helped me cover my new rent and set up utilities,' she said. 'I have followed up a few times, but there's still no clarity. It's been tough because everything happened so suddenly, but I'm trying to adjust.' The watchman informed Khaleej Times that residents cannot access their belongings unless the flat owner initiates the process. 'The owner of the flat has to send an email to the building management requesting access,' he said. 'Once approved, the management will give a specific time to enter and retrieve items.' He added that those with furniture and large electronics need to file a move-out request in advance. 'If someone has furniture, they have to submit a move-out request, and the management will assist in taking everything out safely.'
CTV News
15-07-2025
- General
- CTV News
Central Edmonton ‘Pit' high-profile example of stalled construction eyesore
A large construction site in Wîhkwêntôwin was supposed to be home to a 22-story residential tower, but so far it's just a large pit.
