Page 29 - Cap Hill News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Multifamily developer Gables purchases Cap Hill site from five sellers Photos by Thomas Gounley) A multifamily developer planning a second project in the Governor’s Park section of Cap Hill — a hotspot for new apartments — has purchased the land. Atlanta-based Gables Residential closed last week on six parcels in the 700 block of North Sherman Street, which add up to 0.79 acres. There were five different sellers involved in the deal. There are currently three buildings on the site: an office building at 770 Sherman St., and two homes, at least one of which has been converted for office ...

Owner of Hudson Hill, Lady Jane opens a third concept by Union Station Lily O’Neill photo) Tucked away from the hustle and bustle of Union Station, a new coffee shop and cocktail lounge offers a place for “wild things to roam,” according to its owner. Jake Soffes opened The Wild last week at 1660 Wynkoop St., in a former office space in a set-back courtyard. “The Wild is in reference to ‘Where the Wild Things Are’ by Maurice Sendak, and the thought process behind that was we wanted to create an enclave and special place where people can step outside the chaos of downtown,” the r...

Multifamily developer pays $6.2M for Racines property in Cap Hill Thomas Gounley photo) The sale of the former Racines restaurant property in Cap Hill has closed. 650 North Sherman LLC, an entity affiliated with Virginia-based multifamily developer AvalonBay Communities, purchased the 0.57-acre 650 N. Sherman St. lot last week for $6.16 million, according to public records. That works out to $246 per square foot for the land. Racines owners Lee Goodfriend and David Racine, who started the restaurant in 1983 with the late Dixon Staples, announced last April that they were under contract to sel...

Eight-story apartment building planned along Grant in Cap Hill Thomas Gounley photo) A small parking garage could soon be replaced with apartments in a section of Cap Hill that’s a hotbed for planned redevelopment. Englewood-based Palisade Partners wants to erect an eight-story, 110-unit building at 720 N. Grant St., according to a concept plan submitted to the city last week. Palisade purchased the 0.36-acre lot in 2014 for $700,000, according to public records. Craine Architecture drew up plans for the structure. Sara White, project manager for Palisade, said the two-story parking garage ...

Local owner sells rest of apartment portfolio to New York firm for $30M Courtesy of Classic Properties of Denver) A local firm that sold an apartment building to a New York-based company last March has now unloaded the rest of its portfolio to the same buyer. Classic Properties of Denver received $30 million last month for its four remaining buildings in City Park West, Cap Hill and Cheesman Park, according to public records. The buyer was New York-based Urban American Management. The specific buildings sold were: • The three-story Leetonia, which was built in 1930 and has 32 units, at 1510...