HOUSTON, TX – The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, completed its fourth acquisition of 2017 with the closing of Champions Village Apartment Homes in Houston, Texas. This is RADCO’s 70th acquisition since 2011, its eighth community in Texas, and its fifth community in Houston.

The 278-unit, Class B property has been renamed City Gate at Champions. City Gate at Champions will be proudly managed by RADCO Residential, the company’s proprietary management platform.

RADCO plans to spend over $4 million, or approximately $14,500 a unit, on capital improvements to modernize the community and reset its economic clock. RADCO financed the acquisition with private capital and debt furnished by BBVA Compass. Since August 2011, the company has raised more than $500 million in private capital to fund its acquisitions, making it one of the largest private capital companies of its type in the nation.

City Gate at Champions is favorably located in Northwest Houston. The property is just mere minutes away from notable hospitals such as Houston Methodist Willowbrook Hospital, CHI St. Luke’s, and Northwest Medical Center. It is an simple drive to Willowbrook Industrial Park and the new 971-acre Pinto Business Park, as well as the metro area’s major employment districts. Residents delight in the convenience of being within walking distance to the 408,000-square foot Champions Village Shopping Center and are less than 2 miles away from Willowbrook Mall and Willowbrook Plaza retail. The community is nestled between affluent neighborhoods such as Champions Forest, Champions Northwest, and Champions South, and is zoned to the highly acclaimed Klein Independent School District.

Built in 1978, Champions Village is situated on 10.6 acres and consists of 27 two-tale buildings. Averaging 874 square feet, the garden and townhome style apartments offer a range of one and two-bedroom floorplans. The community amenities include an outdoor pool, a fire pit, a picnic and grilling area, and clubhouse.

“RADCO has an established footprint in Houston, and we are very bullish on the potential for growth in the area,” said Norman Radow, founder and Chief Executive Officer of The RADCO Companies. “City Gate at Champions is an vital addition to our portfolio, and both its acquisition and our investment to improve it further emphasize our confidence in the Houston market.”

RADCO plans to transform the look and feel of the property through significant building renovations, unit interior upgrades, and enhancements to common area amenities. Specifically, RADCO’s capital improvements program will concentrate on interior renovations that include updated cabinetry, upgraded appliance packages, new flooring, modern lighting, hard-surface counter tops, and designer paint. Amenity improvements will feature a new state-of-the-art fitness center, a complete clubhouse remodel, and improvements to the pool, sundeck, fire pit, and outdoor picnic and grilling areas.

RADCO also plans to initiate thoughtful landscaping and hardscape additions, along with exterior lighting upgrades, roofs replacements, concrete repairs, HVAC and water heater replacements, updated signage, and a community-wide new and modern paint scheme — all of which will drastically improve the property and our residents’ living experience.

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CHAPEL HILL, NC – Wood Partners, a national leader in real estate development and acquisition, announced that it has broken ground on a 298-unit apartment community in Chapel Hill.

Centrally located between the University of North Carolina, Duke and Research Triangle Park and with simple access to I-40 — the interstate connecting the major business corridor — Alta Blu will provide residents with modern amenities in close proximity to the ample amount of employers in the area.

“With small new development in the area, Alta Blu is a strategic investment because it offers an attractive option for young professionals in a prime location. Residents will get to experience all that Chapel Hill and Durham have to offer while enjoying state-of-the-art amenities, open space and a sense of community — with commuter convenience,” stated Caitlin Shelby, Director for Wood Partners.

In addition to providing a much-needed contemporary development to meet residential demands, Alta Blu will feature many community amenities including a courtyard with a resort style pool, an activity lawn for community events such as outdoor yoga and film nights, and a large pond — along with 5,000 square feet of office space.

Alta Blu is expected to start leasing in Summer 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 has been involved in the acquisition and development of more than 67,000 homes with a combined capitalization of more than $11.0 billion nationwide. The company currently owns more than 70 properties with a combined total of over 20,000 units.

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LOS ANGELES, CA – Metropolis Los Angeles, one of the most anticipated mixed-use developments in Downtown Los Angeles, opened its doors to guests and current residents for an exclusive grand opening event on July 13.

Developer Greenland USA has invested more than $1 billion to make a new landmark for Downtown Los Angeles. Located at 889 Francisco Street on the largest undeveloped property in the Central Business District, Metropolis, at 6.33 acres and with 3.5 million sq. ft., will be one of the largest mixed-use developments in the western U.S. Residents of the first residential tower started go-ins beginning in April 2017, and strong sales numbers for the tower indicate growing interest among prospective buyers.

Along with the 18-tale, 350-room Hotel Indigo, which opened in April 2017, the project’s first of three residential towers rises 38 floors and 308 units – a breadth of studio, one, two, and three-bedroom condominiums – with luxury interiors, amenities and concierge services, onsite fine dining, retail, and expansive views of the city, mountains and coastline. The second and third residential towers, at 40 and 56 floors, respectively, are currently under construction. The mixed-use development is slated for completion in 2019.

For the first time, Metropolis connects the financial district to the north and the sports and entertainment district to the south with a pedestrian-friendly thoroughfare replete with shops, restaurants and bars. Designed with four distinct cascading high-rise towers – three residential towers and one boutique hotel tower – Metropolis redefines the L.A. skyline and streetscape, while setting a new standard in upscale, downtown living.

The rooftops of Metropolis are uniquely shaped to distinguish the buildings from the older skyscrapers located behind. From the west, along the 110 freeway, the façades sparkle and shimmer in different metallic colors under the sun. In contrast, the north and east façades present a simpler, flatter face, enabling residents and visitors to focus their views on the surrounding areas. When the project is completed in 2019, most Metropolis residences will have a view of the amenity gardens, which is at the center of the project and provides a communal heart for the residents.

With stunning architecture paired with equally engaging art, CONVERGENCELA is an onsite installation at Metropolis made by local Los Angeles artists Refik Anadol and Susan Narduli. A fluid piece that uses historic and real-time data to digitally depict the diversity, culture and creativity of Los Angeles, CONVERGENCELA paints digital strokes on a 100-foot-wide LED canvas by seamlessly capturing and combining real-time demographic, astronomical, oceanographic, tectonic and climate data, as well as social media posts, traffic and news feeds, all of which are specific to Los Angeles.

“From its groundbreaking 40 months ago up through today, it has been steady progress in the development of one of Downtown L.A.’s most exciting properties,” said Gang Hu, president and CEO of Greenland USA. “I’m grateful for the collaboration of our partners, including Gensler, JG Neukomm Architecture and Douglas Elliman Development Marketing, and we look forward to celebrating the culmination of a shared vision with our first homeowners and guests.”

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