BROOKLYN, NY – Nationally acclaimed real estate firm Extell Development Company announced that the company’s first Brooklyn project, Brooklyn Point, has reached a major construction milestone. Rising to 720 feet high, the 68-tale building has cemented the title as the tallest building in Brooklyn. Construction is progressing on schedule at Brooklyn Point and first closings are slated to commence in early 2020. The tower offers a new level of luxury living in the borough and an unmatched 25-year tax abatement. It is the first and only for-sale building at City Point, which is the largest food, shopping and entertainment destination in Brooklyn.

“As the tallest building in the borough, Brooklyn Point represents a milestone for Brooklyn. The Brooklyn marketplace now competes with Manhattan and has significant demand for Extell quality homes,” said Ari Alowan Goldstein, Senior Vice President of Development at Extell. “We are experiencing tremendous success because our buyers appreciate the value of outstanding design, amenities, and unparalleled views coupled with the savings of a 25-year tax abatement.”   

Located in Downtown Brooklyn, the skyscraper is designed by Kohn Pedersen Fox with interiors by AD100 designer Katherine Newman. Offering a mix of studio to three-bedroom residences, the luxury homes have been curated to reflect a sophisticated design aesthetic that combines art and utility, resulting in a modernist sensibility that embraces and reinterprets the past.

“At Brooklyn Point, we wanted to honor the creative spirit of Brooklyn, while crafting a new landmark for the borough’s downtown,” said KPF Design Principal Rob Whitlock. “To that end, we picked up on the diversity of scale and texture of the site’s context in the building’s expression. Brooklyn Point features a sculptural façade, with an eclectic materiality that plays with light and shadow, giving the tower an elegant solidity.”

Adding to the building’s allure is an unprecedented array of lifestyle amenities and services spanning over 40,000 square feet. The building’s roof will feature the highest residential infinity pool in the Western Hemisphere, offering breathtaking views of the Manhattan skyline. Adjacent to the pool is a landscaped rooftop retreat outfitted with a sundeck, al fresco dining areas, changing rooms, showers and an outdoor movie screening space.

The property will feature a comprehensive health and wellness facility with a 65′ indoor saltwater swimming pool, 35-foot rock climbing wall and yoga studio, Pilates and cycling studios, and a squash/basketball court. To complement residents’ wellness experience, Brooklyn Point’s spa will also include an infrared sauna, men’s and women’s steam rooms, and hot tub. 

Social and entertainment amenities include the triple-height Park Lounge, featuring a signature bar, salon, fireplace, and co-working space, as well as a chef’s demonstration kitchen, wine library, game lounge, screening & performance room, private study, and children’s playroom. Brooklyn Point’s amenities also include an outdoor oasis, designed by award-winning landscape architecture firm Mathews Nielsen Landscape Architects. The ninth-floor landscaped terrace will include al fresco dining areas with gas grills, a putting green, fire pit, lounge areas, terrace bar and the Forest Adventure children’s playground. 

Located at City Point, a 600,000-square-foot mecca of retail, dining and entertainment amenities, Brooklyn Point residents will have access to everything this neighborhood destination has to offer.  City Point is home to a Trader Joe’s market, Target, Century 21, Alamo Drafthouse movie theater, and DeKalb Market Hall, an epicurean food hall with over 40 vendors, including Katz’s Deli, Ample Hills Creamery, Pierogi Boys, and more.  Brooklyn Point is close to 11 subway lines and will be across the street from the new 1-acre Willoughby Square Park.

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TAMPA, FL – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has bought a six-property multifamily portfolio containing assets in all of Texas’ major metro areas. The portfolio includes multifamily assets in Houston, San Antonio, Austin and Irving, just northwest of Dallas, totaling 2,284 apartment units.

The acquisitions bring American Landmark’s Texas portfolio up to 33 properties. The company currently owns and manages approximately 25,000 apartments throughout the Southeast and Texas, and plans to add another $2 billion in properties to its growing multifamily portfolio this year.

“Texas is a national leader in both employment and population growth, continuously attracting new residents with its low cost of living and major employers who seek a skilled labor force,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “We recognized this at the start of the trend, and we look forward to continue selectively acquiring assets in this growing market.”

American Landmark plans to implement $14.7 million in capital improvements for community and apartment amenities. Improvements include granite countertops, package locker systems, stainless steel appliances, clubhouse enhancements and pet grooming stations.

The properties in the portfolio include:

Hyde Park at Lake Wyndemere (Houston), to be renamed Artisan at Lake Wyndemere, is located at 2109 Sawdust Road in the Woodlands neighborhood. Built in 2000, the garden-style community includes 320 units and was 96.8 percent occupied at the time of buy.

Hyde Park at Enclave (Houston), to be renamed Hayden at Enclave, is located at 12951 Briar Forest Drive. Built in 1999, the newly renovated community includes 476 units and was 95.1 percent occupied at the time of closing.

Manor at Castle Hills (San Antonio), to be renamed Alon at Castle Hills, is situated at 1835 Lockhill Selma Road. Built in 2000, the garden-style complex features 306 units and was 97.7 percent occupied at the time of buy.

Hyde Park at Ribelin Ranch (Austin), to be renamed the Asten at Ribelin Ranch, is located at 9900 McNeil Drive. The garden-style community includes 350 units and was 96 percent occupied at the time of buy.

Hyde Park at Wells Branch (Austin), to be renamed Beck at Wells Branch, is located at 2801 Wells Branch Parkway. Built in 1999, the community features 576 units and was 93 percent occupied at the time of closing.

Lakepointe at Las Colinas (Irving), to be renamed The Blvd, is located at 5353 W Las Colina Boulevard. Built in 2012, the luxury apartment community includes 256 units and was 96.8 percent occupied at the time of closing.

American Landmark Apartments/Electra America is one of the fastest-growing multifamily owner-operators in the United States. Based in Tampa, Florida, American Landmark specializes in the opportunistic acquisition and aggressive management of value-add multifamily assets located in high-growth markets throughout the Southeast United States.

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DALLAS, TX – Noel Management Company, along with partners Silverado Interest and Pegasus Real Estate, announced the acquisition of Ashford Apartments, a 264-unit, garden-style apartment community in Carrollton, Texas. The property, completed in 1995, is comprised of 35 residential buildings, built on a 19.4-acre site with a 2-acre lake.

Ashford Apartments offers nine distinct floor plans with an impressive selection of one and two-bedroom apartments. Residents can currently delight in a generous suite of amenities including fully-equipped kitchens with quartz countertops, full-size washer and dryer connections, spacious closets, and private patios or balconies. Certain homes also include townhome split-level designs, premium carpeting, direct access garages and private, fenced-in back yards. Every apartment is designed to allow one’s personal style to shine through with fashionable touches and customizable options that set the gold standard for contemporary apartment living. 

The community also boasts a resort-inspired swimming pool with poolside cabanas, sand volleyball court, and outdoor kitchen area with seating. Residents can take advantage of the Cyber Lounge with high-speed Internet access, a fantastic spot for socializing or wrapping up some work over the weekend, as well as a fitness center with professional equipment and catch and release on-site lake. From scenic wooded, pool, and lake views to the reserved covered parking, Ashford Apartments takes special care of resident needs with sophisticated luxury and modern style that go hand-in-hand. 

The community will undergo an extensive $2 million upgrade to the exterior building, as well as to its individual apartment units. Plotted upgrades include the installation of granite counter tops, tile backsplash, new black appliance packages, farmhouse sinks, plank flooring, Bluetooth shower heads, USB outlets, and LED lighting. The community will also incorporate a dog park, an outdoor fireplace, and more green space into its amenity offerings, in addition to painting the entire exterior of the building and updating the pool furniture. 

“We are excited to expand our footprint with the acquisition of Ashford Apartments. This highly attractive area in a prime market provides our residents with unparalleled accessibility to major employers, retailers, nationally ranked schools, key regional suburbs, and Downtown Dallas. We are very enthusiastic about the plotted improvements to the community and projected return on our investment,” stated Lenny Licht, CEO of Noel Management. 

Located in the nationally acclaimed Carrollton-Farmers Branch Independent School District, the community is bordered by major Texan suburban cities such as Farmers Branch, Richardson and Plano. 

The neighborhood of Southeast Carrollton provides its residents with a comfortable, suburban way of life with close proximity to all the attractions and amenities of Downtown Dallas. With a prime location and a comprehensive amenities list that will be expanded through a community-wide upgrade, Ashford Apartments has undoubtedly become a rising star on the Texan multifamily real estate horizon.

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