Friday, October 19, 2018

Evergreen Real Estate Group and Chicago Housing Authority Celebrate Groundbreaking of 48-Unit Oso Apartments in Chicago’s Albany Park Neighborhood

  


Oso Apartments Groundbreaking:  From left: Jeffrey Rappin, founder and chairman of Evergreen Real Estate Group; Andre Pintauro, president of Evergreen Construction Company; Douglas Leezer, director at Citi Community Capital; John T. Hooker, Board Chairman at Chicago Housing Authority; Thomas Applegate, executive director at North River Commission; Andy Decoux, director of multifamily financing and business development at Illinois Housing Development Authority; David Block, director of development for Evergreen Real Estate Group; 35th Ward Ald. Carlos Ramirez-Rosa; Jeanne Gieseke, assistant director at U.S Bancorp Community Development Corporation; Steve Rappin, president of Evergreen Real Estate Group; Jaime Torres, principal and founder of Canopy Architecture + Design; and Eric Meyer, project manager for Evergreen Real Estate Group.

CHICAGO, IL — Evergreen Real Estate Group, in partnership with the Chicago Housing Authority, announced the start of construction on Oso Apartments, a 48-unit affordable rental community at 3435 W. Montrose Ave. in Chicago’s Albany Park neighborhood.

35th Ward Ald. Carlos Ramirez-Rosa speaks at the groundbreaking ceremony for Oso Apartments on Oct. 11.
Evergreen and CHA representatives joined 35thWard Ald. Carlos Ramirez-Rosa, officials from the Illinois Housing Development Authority (IHDA) and other community stakeholders at a ceremonial groundbreaking on Oct. 11.

David Block
“Oso will provide much-needed housing for residents who want to be part of this economically vibrant, transit-served neighborhood without being burdened by the rapid rent increases that have created a need to preserve and create affordable housing in many Chicago communities,” said David Block, director of development at Evergreen Real Estate Group.

“With so much residential construction focused on the upper end of the market, there’s a growing need – in Albany Park and across Chicago – for housing that is affordable to low- and middle-income families who are the lifeblood of this city.”

Located at the southwest corner of Montrose Avenue and Bernard Street, the new five-story building will offer 32 one-bedroom and 16 two-bedroom apartments, with first move-ins scheduled for late summer 2019.

Of the 48 apartments, 32 will be set aside for renters on CHA’s waiting list. The remaining 16 units will be reserved for households earning up to 60 percent of the area median income.

Andre Pintauro
“CHA is pleased to work with Evergreen Real Estate Group, IHDA and Ald. Ramirez-Rosa in delivering greater housing opportunity to the Albany Park community,” said Eugene E. Jones Jr., CEO of CHA. “Oso Apartments are another piece of CHA’s commitment to bringing affordable housing to neighborhoods across the city.”


“Oso is truly a labor of love for the entire Evergreen team, and it is the result of a collaborative effort between the development and construction divisions,” said Andre Pintauro, president of Evergreen Construction Company.


“We’re proud to be part of such a transformative project that will replace a vacant lot with a modern structure that can serve as a model for future affordable housing development in infill locations.”

IHDA Executive Director Audra Hamernik added that the Oso Apartments will help meet a critical need for affordable housing in Chicago by transforming a vacant lot into a vibrant rental community for Albany Park families.

Audra Hamernik

“This partnership between stakeholders at the local, state and federal levels will not only result in the development of high-quality housing in the area, but also create economic and educational opportunities that will serve families in the neighborhood for years to come,” ​Hamernik said.

On-site amenities will include a public plaza at the corner of Montrose and Bernard, as well as a smaller landscaped area for residents, located on the west side of the property.

In addition, Oso will offer a large community room, in-building laundry and bike storage, and 22 parking spaces.

Eugene E. Jones
The development adheres to recommendations put forth in a 2017 study conducted by ULI Chicago, in partnership with the Chicago Metropolitan Agency for Planning, according to Block.

 The two-day workshop, which enlisted an 11-person panel of housing policy and legal experts, developers, lenders and community development professionals, focused on strategies for maintaining and building workforce housing affordable for middle-income households in Albany Park and adjacent neighborhoods – part of a broader plan prepared by CMAP and the North River Commission.

Designed by Chicago-based Canopy Architecture + Design, Oso will have a gray metal fa├žade with bright yellow accents. The entrance will feature an art wall with a mural or mosaic design. 

The project is one of the latest ground-up developments built by Evergreen Construction Company, a division of Evergreen Real Estate Group.

CONTACTS:

 Kathryn Kjarsgaard, kkjarsgaard@taylorjohnson.com,
 (312) 267-4514

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528 



NAI Realvest Closes on Long-Term Leases Totaling Over 100,000 SF at Orlando-Sanford International Airport



Rachel Saunders

Orlando, FL and Sanford , FL --- NAI Realvest recently closed long-term lease agreements totaling 101,642 square feet for new and growing businesses at the Orlando-Sanford International Airport Commerce Park .   
The NAI Realvest team of Partner Paul P. PartykaCCIM, MICP and Land Specialist/Associate Rachel Saunders, MBA brokered the transactions on behalf of the Landlord Sanford Airport Authority. 
Mahoney Supply is expanding its operations on Aviation Loop by 11,000 square feet.  The company that fabricates and designs metal products for industrial, marine and transportation projects now leases 17,610 square feet;
and Synergy Wood Products, a supplier to the homebuilding industry, expanded its space by 10,448 square feet at 1143 W. 30th Street .  Synergy now leases 68,000 square feet at the Airport Commerce Park , and will grow significantly more in the near future, according to Partyka.  

Paul Partyka
A new tenant expanding into the Central Florida market leased 7,940 square feet of industrial space for a long-term at 2774 Carrier Ave. , Building 141. Concurrent Group, LLC is an established Miami-based utility contractor with decades of expertise in electrical contracting, utility construction, maintenance and storm restoration.  
The Partyka and Saunders team, helping maintain business in the Sanford submarket, also negotiated two lease renewals at the Airport Commerce Park .
 Florida Clay Art renewed their lease of 4,020 square feet at 1645 Hangar Rd. Building 256; and Win4Autism, Inc., a non-profit who raises funds for families affected by autism, renewed 4,072 square feet at 2764 Navigator Ave. Building 138N&S.        

CONTACTS:

Paul P. Partyka, CCIM, MICP, Partner, NAI Realvest,
407-875-9989, ppartyka@realvest.com or

 Rachel Saunders MBARsaunders@realvest.com

Robin L. Webb, CCIM, CHA, CHB, CRB, CPM, MRICS, Managing Director, NAI Realvest, 407-875-9989 Rwebb@realvest.com

 Larry Vershel or Beth Payan, Larry Vershel Communications
407-644-4142 Lvershelco@aol.com

HFF announces the sale of Three suburban Houston office properties for MetroNational


15150 Memorial Drive, Houston, TX

HOUSTON, TX –– HFF announces the sale of three suburban Houston office properties totaling 230,506 square feet on behalf of MetroNational. 

The properties are located at 2930 West Sam Houston Parkway, 10401 Centrepark Drive and 15150 Memorial Drive.  

 2930 West Sam Houston Parkway (top)
and 
10401 Centre Park Drive (bottom),
 Houston, TX

The HFF team procured three separate buyers for the buildings.  2930 West Sam Houston Parkway was purchased by Amerix Capital. 


Dan Miller
 Enterprise Holdings, Inc. was the buyer of 10401 CentrePark Drive and 15150 Memorial Drive was purchased by S&B Engineers and Constructors, Ltd., who was represented by Mission Asset Marketing, Inc.

2930 West Sam Houston Parkway, also known as the Kempwood Building, and 10401 Centrepark Drive are located along Beltway 8 in Houston’s West Belt submarket. 

This has been one of the fastest growing submarkets within the Houston MSA over the last decade and is convenient to the employment pool in the northern and western sections of the city as well as Interstate 10. 

Completed in the early 2000’s, the properties are 94.2 and 69.7 percent leased respectively, to an investment grade tenant base, including Enterprise Holdings, Canon Inc., Texas Capital Bancshares, Helmerich & Payne Inc. and Eco-Stim. 

Trent Agnew
15150 Memorial Drive is positioned just west of the intersection of Memorial Drive and Eldridge Parkway in the heart of Houston’s Energy Corridor. 

 The 5.7-acre site has direct access to the Interstate 10 feeder road and is convenient to Highway 6 providing north/south access. 

Originally built in 1992, the 155,118-square-foot vacant property features 27,000-square-foot floorplates, a structured parking garage and most recently served as the headquarters for PGS Americas

The HFF investment advisory team representing the seller included senior managing director Dan Miller and managing director Trent Agnew.

Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.


CONTACTS:

DAN MILLER, CCIM, SIOR
TX Lic. #0289851
HFF Senior Managing Director
(713) 852-3500

TRENT AGNEW
HFF Managing Director
(713) 852-3500

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990