A staggering $360 million refinance of a gritty 1,800-unit complex from the 1950's is another indicator that high profits can be found in long-overlooked inner-city neighborhoods.
"Even as a battle looms between housing-rights advocates and a private buyer over the pending $1.3 billion sale of Starrett City, the nation's largest federally subsidized housing development, another deal quietly took place around a noted Central Harlem complex. Joint-venture partners Apollo Real Estate Advisors and Vantage Properties refinanced Delano Village, a seven-building, 1,800-unit housing complex dating from the 1950s for a whopping $360 million."
Thanks to Peter Slatin
Read the full story: New Heights In Harlem
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
‘Going backwards:’ Baltimore mayor, students rally against state's transit funding plan
Maryland's proposed six-year plan provides no funding for Baltimore’s BMORE bus program and reduces its road maintenance funding.
Detroit to transform waterfront with $2.2 billion investment
Developers will convert about 18 acres of unused parking lot space into civic spaces.
25 states, cities sue the EPA over erased power plant emissions limits
The coalition also intends to sue the EPA for not regulating emissions from gas-fired power plants.
Newsom vetoes giving CA tribes greater voice in water projects
In his veto letter, Newsom said the bill would add ‘uncertainty’ to the state’s fight to secure Californians’ water supplies.
Michigan Senate votes to revise 'lax' dam safety laws
A Bridge Michigan investigation found more than 100,000 Michigan residents live in the floodpath of a high or significant-hazard dam.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Thousand Oaks
City of Wisconsin Rapids
Harvard University Graduate School of Design
The Architects Foundation
University of Cincinnati Online
Northern Illinois Transit Authority (NITA)
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello