Calamar celebrates groundbreaking for People, Inc.'s 42-unit Orchard Housing; $4.3 million senior housing project designed by William Long Architects
Calamar (www.calamar.com) and People, Inc., celebrated with a ground breaking ceremony at the site of a new $4.3 million affordable senior housing community at 276 Waverly St.
Springville mayor William Krebs praised the project citing the dire need for such a property in the city. Representatives from Springville, People, Inc., HUD and Calamar were on hand for the ground breaking. Design was provided by William Long Architects.
"We are very pleased to once again be partnering with People, Inc. to bring affordable senior housing to the western New York region" said Calamar chairman and CEO Kenneth Franasiak. "As the mayor indicated, there is a tremendous need for this type of community with our aging population".
Calamar was selected as the general contractor for Orchard Housing, a new 2-story, 42 unit, handicap accessible subsidized senior community for those age 62+. Calamar is a leading developer and contractor of senior communities, for both HUD subsidized and market rate properties for its own portfolio as well as agencies like People, Inc and National Church Residence. Orchard Housing is expected to be completed by fall 2013.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of