Developers Break Ground on Luxury Apartment Community in White Plains, New York

WHITE PLAINS, NY – A development partnership comprising Saber Real Estate Advisors LLC, PCD Development LLC, and Circle Squared Alternative Investments marked the groundbreaking of The Duet, a luxury multi-family residential complex on Hale and Maple avenues in White Plains.
The development, across from the Neiman Marcus entrance at The Westchester and adjacent to Whole Foods, will feature 127 rental units in two buildings and offer residents luxurious apartments and high-end amenities in a premier location in the heart of White Plains. City and Westchester County officials were on site for the groundbreaking.
I m pleased to welcome The Duet to White Plains, said Mayor Thomas Roach. This project will add to the lively and fascinating vibe we have been working to make in downtown White Plains. The city has many amenities to offer that will complement this project. I m pleased to see this project moving forward, thanks chiefly to Marty Berger/Saber and their confidence in our city.
Martin Berger, Managing Member of Saber Real Estate Advisors of Armonk, N.Y., thanked the mayor and other elected officials for their support. We re so grateful for the reception we ve received and look forward to continuing our collaboration with the city, Berger said. We re excited to offer residents an unparalleled elegant lifestyle and to further the city s goal of making a vibrant ‘24/7 live-work-play community . The Duet will enhance the downtown by bringing in new shoppers and patrons to delight in the city s dynamic retail and dining scene.
The Duet at 97-114 Hale Ave. will comprise two buildings – the east lot will be seven tales high with 70 units, and the west lot will be eight tales with 57 units. Both buildings will offer secure and private climate-controlled indoor parking for residents and a mix of studio, one- and two-bedroom units with rents ranging from $1,600 to $3,600 per month. Residents will also delight in luxurious finishes, double vanities and high-end appliances, along with access to rooftop and indoor lounges, a fitness facility and business center.
We are thrilled to be partnering with Saber Realty Advisors and Circle Squared on this strategic opportunity in downtown White Plains, said Jonathan Stein, Managing Member of PCD Development LLC of New Providence, N.J. The development of this site is a fantastic complement to our business pipeline in Westchester County, which includes the Edge-on-Hudson master-plotted community in Sleepy Hollow.
White Plains is the jewel of Westchester County, said Jeff Sica, President and CEO of New Jersey-based Circle Squared Alternative Investments. With so much to offer from a commerce and recreation perspective, the city continues to grow as it attracts new businesses and families looking to call White Plains home. We could not be more excited to work with our partners to bring this project to life and give those eyeing White Plains as a place to live, a gorgeous place to do so.

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Olympus Property Acquires Carrington Oaks Apartment Community in Austin, Texas Suburb

FORT WORTH, TX – Olympus Property announced the successful acquisition of Carrington Oaks. This Class-A garden style community built in 2015 is located in the city of Buda, a suburb of Austin, Texas.
Carrington Oaks is strategically located fifteen miles south of downtown Austin. The property is in close proximity to two major universities including University of Texas at Austin with 51,000 students and Texas State University in San Marcos with 38,000 students. The city of Buda, which the Texas State Legislature named “The Outdoor Capital of Texas,” hosts an affluent demographic base with a median age of 34 and an average annual household income of over $90,000.
The city of Buda is in Hays County, which has experienced tremendous growth over the past decade. Hays County has grown approximately 42% from 2010 through 2018 making it the fastest growing county in Texas and the fourth fastest growing county in the country.
“Olympus is acquiring Carrington Oaks at an attractive basis in one of the fastest growing markets across the country. This deal checks all of the boxes as we continue to expand Olympus in our home state of Texas,” said Chandler Wonderly, Principal of Olympus Property.
Carrington Oaks community amenities include a resort style pool with cascading fountains, poolside seating and cabanas, state-of-the-art fitness center, spinning room, clubhouse with fireplace, billiards, and lounge areas, large theater room with leather recliners, executive business center, outdoor propane and charcoal grills, pet park, playground, gated entrance, detached garages and covered parking. Unit features include 9 ft. ceilings, stainless steel appliances, granite countertops, full-sized kitchen pantries, kitchen islands/breakfast bars, wood vinyl flooring, track and pendant lighting, washer and dryer, garden tubs, ceramic tile bath surround, large walk-in closets, double vanities, pet yards, balconies and patios with outdoor storage.
“Carrington Oaks is a gorgeous property located near Austin, one of the fastest growing cities in the United States. The economic expansion in this market will provide sustained rent growth and appreciation which in turn will deliver strong returns to both our Partners and Olympus,” said Chase Bennett, Director of Acquisitions.
For the third year in a row, Austin was ranked the #1 Best Place to Live by U.S. News and World Report. A booming economy, growing job market, high quality of life and low cost of living make Austin a sought-after city. Austin has earned the nickname “Silicon Hills” because it is a major employment base for technology companies such as Apple, Dell Computer, IBM, Intel, AMD, National Instruments and Samsung. Over the past decade the area has loved a sustained period of economic and population expansion as local companies increase their business capacity and others relocate to this attractive central U.S. location.

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Herman & Kittle Opens $32 Million Affordable Housing Community in Lafayette, Indiana

LAFAYETTE, IN – Herman & Kittle Properties, Inc. announces the grand opening of the $32million Overlook Pointe Apartments, a new construction apartment community located in Lafayette, Indiana.
This 248- unit complex features one-, two-, three-, and four-bedroom units. It is located on 18 acres at 1750 Elston Road near U.S. 52/231. Positioned near the Wabash River, Overlook Pointe offers simple access to West Lafayette, as well as several local industrial plants for Subaru, A.E. Staley, and more. The complex is also conveniently located just 2.5 miles from downtown Lafayette with simple access to Tippecanoe County government offices.
“Our apartment homes are perfect for those seeking a balance between convenience and comfort. Our location is near plenty of shopping, restaurants and Purdue University,” said a Herman & Kittle representative.
Overlook Pointe is a multi-family apartment complex that offers both tax credit and market rate pricing for residents. Construction started on the property in 2018 with several units go-in ready in late 2019. The entire 17-building complex will be completed in early 2020 with a total of 248 units. The staff at Overlook Pointe is currently scheduling tours and is looking to help prospective residents in filling their many available units. For more information on leasing or to schedule a tour you can visit the Overlook Pointe website or call (833) 383-4917.
The units feature gorgeous interiors and many community amenities to make residents feel right at home. Features include central heating and A/C, groundbreaking new appliances in the kitchen, carpet and wood-faux flooring, spacious bathrooms, full-sized washers and dryers, a professional cyber cafe, business center, on-site laundry facility and so much more.
The community offers a wealth of floor plot options for residents. One-bedroom units start at 809 square feet, two-bedroom units at 1,190 square feet, three-bedroom units at 1,294 square feet, and four-bedroom units at 1,412 square feet. The property offers a community outdoor pool, fitness center, game room, and a playground for kids. Overlook Pointe is also a pet friendly community. This includes an on-site dog park where residents have plenty of room for their dogs to run and play.
Retail centers such as the Tippecanoe Mall, a 96-store mall anchored by JCPenney’s, Macy’s, Kohl’s, and Dick’s Sporting Goods, close by. Several local retail and dining options are also located nearby, as well as Purdue University and local schools in the Tippecanoe School Corporation.
Just across the Wabash River is downtown West Lafayette, which offers the Wabash Landing 9 movie theater, numerous dining options, and a growing college community as State Street undergoes a multi-million dollar restructuring to include multiple bars, restaurants, and a new Target store.
Other nearby recreational opportunities abound. The Lafayette Country Club is less than a mile away and Armstrong Park, a 30-acre park complex featuring a 2/3 mile paved trail, 3 lighted baseball fields, 5 lighted tennis courts, playground, picnic shelter, and open space is less than 2 miles away. For more information on the property or to schedule a time for a tour please contact the on-site staff at Overlook Pointe.

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