News: Brokerage

Clover plans to develop $7 million 150-unit senior apartment project

Clover Management Inc. has proposed the construction of a $7 million senior housing complex at the corner of Broadway and Pavement Rd. The proposed project for the vacant property will contain 150 senior apartments. According to Michael Connors of Clover, the project will feature one and two-bedroom units that will range from 700 to 850 s/f. Clover submitted the project to the Lancaster Planning board and pending approvals, construction will begin later this year or in the spring of 2009. According to Connors, it will take a year to build the complex. Clover is also building two other senior housing projects that include the 164-unit Crestmount Apartments in Tonawanda and the 120-unit Southpointe Senior Apartments in Hamburg.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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