BEVERLY HILLS, CA – Los Angeles-based developer Empire Property Group announced the completion of its latest luxury apartment project, Empire at Burton Way. This unrivaled luxury apartment community promises its residents a truly world-class living experience. With a focus on spacious floor plans, sophisticated finishes and contemporary design, Empire at Burton Way offers 23 modern multi-family apartment homes situated in the heart of Beverly Hills, adjacent to the renowned Viceroy L’Ermitage Hotel.

“From the start, we knew this property was going to be special,” said Craig Berberian, Founder and Managing Partner of Empire Property Group. “Our unique approach to real estate development is redefining the standard in an industry often consumed by ‘huge box’ developments. We always strive to balance luxury and convenience with fantastic design. It’s about more than just having a prime location, we have a passion for building boutique luxury residences, focusing on the details and catering to our residents’ lifestyles.”

With one-bedroom units starting at $5,800, and two-bedrooms at $7,500, Empire at Burton Way offers its residents 11 unique and spacious one, two and three-bedroom floor plans to choose from. One-bedrooms start at 1,075 SF and two-bedrooms start at 1,525 SF, thoughtfully designed and executed. Each unit features floor to ceiling windows, private balconies and terraces, high ceilings, in-unit washers and dryers, spa-like bathrooms and large customizable walk-in closets. The sophisticated interior finishes boast wide plank wood flooring, quartz countertops, Italian-designed cabinetry, stainless steel Jenn Air appliances, fireplaces with stacked-stone surrounds and recessed lighting. Keyless entry systems, state-of-the-art security alarm system, Nest thermostats and full DirecTV are just some of the modern conveniences included in each unit.

From the stylishly decorated lobby with gas fireplace and flat screen TV, to the sunny Garden Terrace with lounge seating, it’s apparent that attention to detail is at the core of what Empire Property Group does. With their residents’ needs in mind, Empire at Burton Way features a business lounge with smartphone charging stations and internet-ready TV, Package Concierge locker system, fully equipped fitness center, secure underground parking, electric vehicle charging stations, guest parking, additional storage, and complimentary common area Wi-Fi. Residents of the property are invited to unwind and relax on the over-4,000-SF rooftop terrace. With sweeping 360-degree views, Empire at Burton Way’s rooftop is the perfect oasis within the city. The rooftop features an outdoor TV lounge with gas fireplace covered by a retractable trellis, an outdoor kitchen with BBQ, plenty of alfresco dining and seating, sunbathing and gaming areas, along with a gated dog walk with pet washing station.

Situated at 9265 Burton Way, the property is within walking distance to some of the finest dining, shopping and entertainment venues Beverly Hills has to offer. Empire at Burton Way is also located within the exclusive Beverly Hills Unified School District, with access to the Hawthorne School and Beverly Hills High School, renowned for their commitment to academic excellence.

Craig passionately clarified, “After extensive plotting, design and city approval phases, we broke ground in the spring of 2015. We’re excited to finally share the completed project with the community. This property is truly unique, it’s special. There is nothing quite like it.”

Powered by WPeMatico

ATHENS, GA – TSB Capital Advisors, the national leader in student housing real estate advisory services, successfully negotiated a non-recourse, senior loan for The Mark Athens, a mixed-use student housing community containing 300 units, 928 beds and 80,000 square feet of retail/commercial space, located adjacent to the University of Georgia in Athens, Georgia. The financing was arranged on behalf of an affiliate of Landmark Properties and an affiliate of Goldman Sachs & Co. LLC’s Merchant Banking Division.

“The financing was unique in that it closed at construction completion but before students or commercial tenants went in for the fall semester, allowing the borrower to replace construction and mezzanine financing with attractive non-recourse, floating-rate financing,” said Timothy S. Bradley of TSB Capital Advisors.

The Mark Athens is a first-class, luxury, student-oriented, mixed-use community located adjacent to the northeast corner of the University of Georgia and downtown Athens. Completed in July 2017, the property features a mixture of studio through five-bedroom floor plans, with an average unit size of 1,250 square feet. In addition to fully furnished apartments, community amenities include a two-tiered, rooftop infinity edge pool overlooking Sanford Stadium, extensive fitness facilities overlooking the rooftop pool, PGA-quality golf simulator, and basketball and racquetball courts.

The Mark Athens is also the new home to Landmark Properties corporate headquarters in Athens, Georgia.

Landmark Properties is a fully integrated real estate company specializing in the acquisition, development, construction and management of premier student housing communities located throughout the United States. Since its inception in 2004, the company has developed 22,039 beds and has over 7,400 beds under construction. Nationally recognized, Landmark was named “Number 1 Developer in Student Housing” by Student Housing Business in 2015 and 2016.

Founded in 1869, the Goldman Sachs Group, Inc., is a leading global investment banking, securities and investment management firm. Goldman Sachs Merchant Banking Division (MBD) is the primary center for Goldman Sachs’ long-term principal investing activity. With nine offices across seven countries, the Merchant Banking Division of Goldman Sachs is one of the leading private equity investors in the world with equity and credit investments across corporate, real estate, and infrastructure strategies. Established in 1991, the Real Estate Principal Investment Area within MBD has invested in real estate and real estate related assets totaling approximately $53 billion in equity across more than 800 investments located in 35 countries.

TSB Capital Advisors is the national leader in student housing real estate advisory services, and has offices in Phoenix, Arizona (headquarters) and Paoli, Pennsylvania. Last year, the firm ranked number 1 in student housing financing volume. Since its creation in 2009, TSB Capital Advisors has helped close more than 200 deals and $9 billion in student housing and multifamily transactions.

Powered by WPeMatico

NEWPORT NEWS, VA – Wood Partners, a national leader in real estate development and acquisition, announced that construction is progressing on a new 209-unit community in Newport News, Virginia.

Alta Citizen is located at 301 Continental Parkway in the Patrick Henry Place mixed-use development, located off of Jefferson Avenue and adjacent to the entrance to Highway 64. The community is in close proximity to the Tech Center, and a small trip from the Newport News/Williamsburg International Airport, making it an vital location for young professionals working on the peninsula.  

“We saw a unique opportunity to bring new, Class A product to a market where there has been a lack of multifamily development this cycle,” stated Caitlin Shelby, director for the Raleigh-Durham office of Wood Partners. “Alta Citizen is a strategic investment in the heart of the Jefferson Avenue employment and retail corridor that provides the high end, convenient living that our target renters in Newport News have been waiting for.”

Alta Citizen brings contemporary apartment living to Patrick Henry Place, which offers a mix of condos, townhomes, retail, and extensive outdoor recreation options for residents. The community will feature a state-of-the-art fitness center and entertainment area that includes a kitchen for communal use and an indoor game area. There will be an indoor/outdoor bar area, along with a top-tier pool and courtyard for residents to utilize. The walking trails throughout the community will allow residents simple access to the natural beauty of the surrounding area.

Alta Citizen started construction in the Spring 2017 and expects to open in 2018.

Wood Partners is a national real estate development company that buys, develops, constructs, and property manages high density and mixed-use communities. It ranks consistently among the top five multifamily developers in the country. The company currently owns more than 70 properties with a combined total of over 20,000 units.

Powered by WPeMatico