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  • Detroit corrects funding failures by renovating low-income apartments

    Detroit corrects funding failures by renovating low-income apartments

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    The city of Detroit is rectifying its failure to properly administer federal funding for a program designed to support entrepreneurs by renovating eight lower-income apartment buildings and keeping the units affordable.

    The $6.1 million project is part of an agreement with the U.S. Department of Housing and Urban Development (HUD), which found that the city didn’t comply with spending standards when managing Motor City Match, a program designed to support small businesses. According to the investigation, the city did not maintain sufficient oversight of its spending and failed to adequately keep records, among other things.

    To resolve the problems, the city is using $6.1 million of its own general fund money to renovate six lower-income apartment buildings in the Hubbard Farms and Mexicantown neighborhoods. The additional two buildings still need city council approval.

    Detroiters were at risk of losing nearly 400 affordable housing units if the city didn’t spend the money. Now the lower-income residents will not only maintain their homes, but their apartments will be renovated.

    The owners of the buildings agreed to maintain the affordable rents for another 15 to 25 years in exchange for the city financing the renovations.

    “That level of investment is the reason Detroit is not experiencing tent cities and a homelessness crisis like some other large cities,” Julie Schneider, director of the city’s Housing and Revitalization Department, said in a statement Friday. “It is going to take many more years of sustained investment into affordable housing to meet the need and demand in the city and this $6.1 million investment will be an important part of that.”

    Launched in 2015, Motor City Match was intended to provide federally funded cash grants and additional resources to assist small business startups. Much of the funding came from federal block grants.

    Motor City Match no longer uses community block grants and instead relies on the city’s general fund budget and federal pandemic funds.

    In January 2021, an 18-month investigation by Detroit’s Office of Inspector General alleged that Motor City Match was plagued by excessive spending, poor oversight, inadequate payment controls, and a failure rate of nearly 77% among assisted businesses.

    “While waste is open to interpretation, it is clear that more money was spent on advertising, implementing and administering the programs than on direct assistance to the businesses,” the report stated.

    The report came about two years after HUD announced its concerns with the program.

    Since its inception, Motor City Match has helped 168 businesses open. An additional 104 businesses are under construction, according to the city. Of those businesses, 85% are minority-owned, and 70% are women-owned.

    The program has received a total of $102.7 million in investments so far.

    “We appreciate HUD’s partnership in working through this very complex process,” Schneider said. “This is a fair resolution and we are pleased to finally be able to put the matter to rest. As a result, we will be supporting the preservation of badly needed affordable housing in a way HUD fully supports and that protects our most vulnerable longtime residents.”

    As the prices of housing in Detroit continue to increase, many lower-income residents are having trouble finding affordable options.

    Acknowledging the rising demand for affordable housing, Mayor Mike Duggan’s administration has significantly increased the number of lower-income options. But it’s nowhere near enough to meet the demand, and many Detroiters are finding it difficult to buy a home in the city.

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    Steve Neavling

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  • Real estate shortage: Metro Denver has more than 70,000 “missing households” – The Cannabist

    Real estate shortage: Metro Denver has more than 70,000 “missing households” – The Cannabist

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    AUSTIN — Even if population growth in metro Denver came to a screeching halt, the region would still need to add tens of thousands of new homes and apartments to cover a deficit built up after a decade of under construction, according to an analysis from Zillow.

    The country has seen the strongest pace of new home construction since 2007, the final year of the housing boom. Even with that, Zillow estimates that the country’s housing deficit rose from 4.3 million units in 2021 to 4.5 million in 2022, the most recent year available for analysis.

    “We desperately need to build more housing,” said Orphe Divounguy, a senior economist at Zillow, during an interview at the National Association of Real Estate Editors in Austin on Tuesday.

    Read the rest of this story on TheKnow.DenverPost.com.

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    The Cannabist Network

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  • Black and white mold sicken family after HHA crew removes AC unit from Cuney Homes apartment for 3 months, tenant says

    Black and white mold sicken family after HHA crew removes AC unit from Cuney Homes apartment for 3 months, tenant says

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    HOUSTON – A woman says she and her three young sons have been forced to live in hot, moldy conditions for three months now, at her Cuney Homes apartment in Third Ward.

    This, after telling KPRC 2′s Deven Clarke that crews took away her air conditioning unit and never replaced it.

    She says the Houston Housing Authority, which oversees the complex, has ignored her cries for help until now.

    SEE ALSO: Caught in the middle: Residents of Houston Heights apartment complex still without power

    She says the conditions she’s been living in have been uncomfortable, sickening and expensive. Tonight, the HHA is apologizing and working to make things right.

    When we went to the unit, the smell of sour air and mildew filled the top floor. The tenant—who asked not to be identified—is convinced the mold is causing the stench.

    “I didn’t even know that she told me to pull the blinds back and she said, ‘it’s all over his blinds.’ That’s what the inspector showed me,” she said.

    The mother of three young boys says black and white mold began growing three months ago, after a crew removed the upstairs AC unit in order to make repairs.

    She says not only did they not replace the AC, but they also failed to properly seal the window.

    “It was a whole bunch of furry stuff. It looks almost like a caterpillar,” the tenant said. “My baby is complaining.”

    She says health issues with her 3-year-old began to surface.

    “He started getting this raspy cough,” she said.

    She says her oldest son also started getting nosebleeds, and she was forced to shell out money to stay in a hotel as long as she could afford it.

    “This is unacceptable,” activist Candice Matthews said. “So, this requires a federal investigation, because those families should not be living like that. This is under the Houston Housing Authority. They have a responsibility to ensure that these people don’t live like this.”

    The HHA is promising to make things right.

    Here’s the full statement from the HHA:

    “The Houston Housing Authority provides affordable homes and services to more than 60,000 low-income Houstonians. We are committed to transparency, safety, and serving the needs of our community.

    We are reaching out to inform you of a recent development at Cuney Homes concerning a malfunctioning air conditioning unit. Our priority is always the comfort and well-being of our residents, and upon being made aware of the issue, we have taken immediate action.

    We have been diligently working alongside our property managers and management team to address the situation swiftly. As of 4:30 PM, the AC unit was replaced by property management. For the inconvenience, we will also be providing the resident with accommodations at a local hotel during the duration of the holiday weekend.

    We understand the inconvenience this may cause and assure you that we are working tirelessly to resolve the issue promptly. Our residents’ comfort and safety remain our utmost concern, and we are committed to providing updates as the situation progresses.”

    Copyright 2024 by KPRC Click2Houston – All rights reserved.

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    Deven Clarke

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  • Will Denver still have cranes in the skyline five years from now?

    Will Denver still have cranes in the skyline five years from now?

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    Construction cranes have defined Denver’s skyline for more than a decade, offering a visual reminder of the city’s relentless growth.

    New apartments, condos and office buildings have risen across town, from the River North Art District, the Golden Triangle, Union Station, Cherry Creek North, Loretto Heights, and Central Park to Sun Valley.

    Today’s rising developments were born from yesterday’s plans, policies and investments. 

    “It takes some years to get from visioning to implementation to developers getting all of their funding stacks together,” explained Deirdre Oss, who oversees large development reviews with Community Planning and Development, the city’s planning department.

    Investors and developers were bullish on Denver’s growth during most of Mayor Michael Hancock’s first two terms. But some developers’ optimism has since dried up. 

    In just under two years, starting under Hancock’s last term and leading into current Mayor Mike Johnston’s first term, developers have submitted fewer plans for new multi-family residential buildings in Denver. 

    Some in the real estate industry caution that fewer proposals means that in five to ten years, there may no longer be massive cranes scattered across the skyline. Denver could see far fewer apartments and condos under construction. With fewer homes being built, home prices and rent would likely surge again. 

    How radical has the drop in new proposals been? 

    “In the City and County of Denver, there are currently 18,700 units under construction,” Scott Rathbun, head of Apartment Appraisers and Consultants, said. “They’ve broken ground. And once you break ground on a deal, you’re gonna finish the deal.”

    Most of those units will be delivered by 2027. 

    “We’re gonna see a lot of cranes in the skyline in the City and County of Denver for the next three years,” he said. 

    Another 29,000 market-rate units and 2,900 subsidized units are going through the permitting pipeline, according to Rathbun.

    All but 6,000 of those were proposed before the Expanding Housing Affordability rules went into effect on June 30, 2022. Those policies require that developers build more affordable housing every time they create a market-rate multifamily property.  After they were in place, new proposals for market-rate housing plummeted in the city. 

    A construction crane over development in Sun Valley. May 8, 2024.
    Kevin J. Beaty/Denverite

    “We’ve had some macroeconomic impacts that have made it more difficult to develop apartments, to make deals pencil, to make deals feasible,” Rathbun said. “But the same story, the same significant difference between the pre-June 30, 2022 and the post-June 30, 2022, does not exist in any of the other six counties in the metro area.”

    Some suburbs, he explained, have larger development pipelines from June 30, 2022, to now than they did before.

    The one big difference between Denver and those counties was the passing of the Expanding Housing Affordability rules — a law intended to create more housing stock where people could actually afford to live. 

    But if the law slows down the creation of housing, it could backfire, suggests Rathbun.

    “When we see the reduction of cranes in the next five years, we’re also going to start to see rents skyrocket,” Rathbun said. 

    Why have proposals slowed down?

    Demand for commercial real estate tanked during the COVID-19 pandemic. Nationally, interest rates have risen mightily. So have construction costs. 

    Companies building in the city have also been signaling they might move to places with fewer taxes and regulations.

    Andrew Feinstein, one of the most active local developers in RiNo, says new development won’t happen if things don’t change. 

    “Cranes will become an extinct species if interest rates stay high, costs stay high, carrying costs stay high… and the regulatory environment remains challenging,” he wrote to Denverite.

    Carrying costs include high property taxes and expensive insurance. The regulatory environment includes zoning restrictions, the time it takes the planning department to issue permits, and the Expanding Housing Affordability rules. 

    Apartments in North Capitol Hill. May 8, 2024.
    Kevin J. Beaty/Denverite

    Drew Hamrick, the Senior Vice President of Government Affairs for the Apartment Association of Metro Denver, believes high interest rates and overregulation of market-rate developments will also make investors wary of funding local projects. 

    “If interest rates were to drop significantly, projects that don’t currently make sense become more attractive,” he said. 

    Developers are dependent on institutional investors to fund their properties, and for years, Colorado has been “a fairly attractive place to do that based on the demand for housing and the environment for building,” Hamrick said. “That environment is getting significantly worse.”

    Policies like Expanding Housing Affordability, make it too expensive to develop market-rate housing, he said.  To him, that explains the slowdown in new development proposals Community Planning and Development has seen since the policy began on June 30, 2023.  

    “The fact that nobody’s applying for permits in Denver is a pretty good indication that in three years, the cranes that you’re seeing today are going to be gone,” Hamrick said. “But that’s not very indicative of what’s going to happen in five years or 10 years because ultimately, the price of market-rate rental housing goes up when there’s not enough of it.”

    Despite skepticism from the private sector, city planners say the day of the crane is far from over. 

    Oss, of Community Planning and Development, is optimistic that more development is coming. Even as the big projects underway wrap up, new transformative projects are already in the works. She doesn’t see that changing over the next decade.

    In part, this is because many massive projects could take a decade or more to complete, and these are slated to bring thousands of units of new housing to the city. 

    Massive central Denver mixed-use projects like the River Mile, the Ball Arena parking lot redevelopment and Burnham Yards will effectively expand the reach of Downtown Denver, more than doubling the city center in size.

    Downtown Denver on a sunny day. May 8, 2024.
    Kevin J. Beaty/Denverite

    Despite high interest rates and construction costs, there’s no sign that those projects are dead, though their rollout will be affected by sweeping economic conditions. 

    Cherry Creek West, Fox Park at the site of the old Denver Post printing press building, Denargo Market, and the expansion of the former site of the Gates Rubber Plant are also in the works

    And Northeast Denver is also likely to experience an ongoing boom in construction.

    Mayor Mike Johnston has committed to speeding up permitting times by 30% by the end of 2024. The hope: Make development easier and keep those cranes rising. 

    “I think it’s probably going to be a pretty consistent part of our skyline,” Oss said. “I think the locations where those pop up will change.”

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    Kyle Harris

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  • 18-Year-Old Arrested for 2023 Orlando Woman’s Murder

    18-Year-Old Arrested for 2023 Orlando Woman’s Murder

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    The Orlando Police Department recently announced another 18-year-old was arrested for a 2023 woman’s murder at the Jernigan Gardens Apartments.

    Recently, 18-year-old Christian Amari Childs was apprehended by the Orlando Police Department’s Fugitive Investigative Unit in Osceola County.

    On September 22, 2023 at approximately 2:34pm, Orlando Police responded to 1440 Mercy Drive in reference to a large group of people fighting with shots fired in the courtyard at Jernigan Gardens Apartments. According to OPD, three individuals on scene were struck by gunfire and sustained non-life-threatening injuries. A fourth gunshot victim succumbed to her injuries.

    The victim, Macayla Queen Patterson, was transported to the hospital and declared deceased by medical staff.

    On September 22, 2023, 23-year-old Delray Shundale Duncan Junior was arrested for Attempted Homicide and First Degree Felony Murder in connection to this shooting. 18-year-old Gary Lee Williams III was apprehended by the OPD Fugitive Investigative Unit and charged with First Degree Murder with a Firearm.

    According to OPD, Childs is charged with three counts of Attempted First Degree Murder with a Firearm, Shooting at, within or into a Building, Discharging a Firearm on Residential Property and Use of a Firearm in the Commission of a Felony.

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  • Double homicide at Denver homeless shelter under investigation

    Double homicide at Denver homeless shelter under investigation

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    No arrests have been made in a double homicide at a Denver homeless shelter and Denver police are asking for the public to help in the investigation.

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    Bruce Finley

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  • Ronin Assets Founder to Redevelop Former Grenelefe Golf Club

    Ronin Assets Founder to Redevelop Former Grenelefe Golf Club

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    Ronin Assets founder Scott House wants to transform the former Grenelefe Golf and Tennis Club in Haines City, Florida, into a sprawling residential community.

    House’s ambitious plan calls for almost 1,900 single-family homes, townhomes, duplexes and apartments across 536 acres, the Orlando Sentinel reported. The plans came to light in advance of a Polk County Development Review Committee meeting last week.

    The resort, at 3200 Kokomo Road, is about 40 miles southwest of Orlando, and about 70 miles east of Tampa. 

    An LLC linked to House purchased the former golf and tennis club for $3.1 million in 2022 from timeshare giant Westgate Resorts, which had owned and operated it since 2004. Westgate sold another portion of the site, comprising 417 condominiums, to Alya Grenelefe LLC for $31.5 million.

    The 1,273-acre former resort was once a bustling destination with three top-tier golf courses, 22 tennis courts, a convention center, three restaurants, four swimming pools, a planned marina on Lake Marion and condos.

    House’s plan will split the redevelopment into two primary sections, divided by Kokomono Road. For Grenelefe East, spanning 350 acres, he aims to replace the former convention center and tennis facility with 651 single-family homes, situated on 50- and 60-foot lots. It would also include roughly 200 townhouse units, 80 apartments and an 84-unit duplex community where the marina had been planned, the outlet said.

    Grenelefe West, spanning 186 acres on the former golf course, is slated for 866 residences, including 488 single-family homes and a townhouse community with 100 units.

    The project reflects a growing trend of repurposing failed golf courses for infill housing developments. In Orlando, Westside Capital Group has been greenlit to convert the former Lake Orlando golf course into a mixed-use development with 6,000 residences and 350,000 square feet of commercial and retail space. 

    —Quinn Donoghue 

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    TRD Staff

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  • DeBartolo Starts Office-to-Resi Conversion in Houston

    DeBartolo Starts Office-to-Resi Conversion in Houston

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    A vacant office high-rise in West Houston’s Energy Corridor is getting new life as apartments. 

    A venture of Florida-based DeBartolo Development and local investor John Quinlan are converting the former ConocoPhillips and BP building at 550 Westlake Park Boulevard into a 311-unit apartment building, the Houston Chronicle reported. 

    Quinlan bought the 19-story building for $21 million in an online auction in 2022 and later sold it to the venture between his firm and DeBartolo. The conversion is underway, and it’s expected to be completed in late 2025.

    The apartment building will include coworking spaces, a gameroom, a yoga and fitness center and a bike storage room. The developers are extending elevators and stairs to the rooftop, where there will be amenities such as a pool and grilling areas. Some ground-floor units will have private patios.

    Each apartment is designed to have operable windows, ensuring ample natural light and ventilation. The wide floorplates — a characteristic that developers seek when eyeing office-to-residential candidates —  allow for innovative repurposing, with plans for utility rooms in most units, some two-bedroom floor plans and storage units.

    “It will feel like a combination of a luxury hotel and a luxury condominium,” DeBartolo president Edward Kobel told the outlet. “There will be cool amenities like you’d have in a high-rise downtown, but for the rent prices of a low-rise building. It’s an incredible value proposition.”

    The project not only meets the growing demand for housing in West Houston but also aligns with broader national trends of repurposing vacant office space into residences. 

    In downtown Houston, where the office vacancy rate is 25 percent, city officials are exploring a tax-incentive program to spark more office-to-residential conversions. 

    While Houston’s office sector continues to struggle amid the remote-work era, the Energy Corridor has enjoyed a slew of lease signings since last year. Engineering and construction firm Fluor recently added about 104,700 square feet to its lease at Two Eldridge, a 14-story Class A office building that’s now 95 percent leased. 

    Plus, French engineering and technology company Technip Energies leased 171,600 square feet across six floors in the 14-story West Memorial Place II last spring. 

    —Quinn Donoghue

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    TRD Staff

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  • Is Nashville’s Apartment Market Headed for Oversupply?

    Is Nashville’s Apartment Market Headed for Oversupply?

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    Nashville’s development pipeline is loaded with apartments, and weakening multifamily demand could spell trouble for the developers.

    Nashville has more than 16,000 vacant apartment units, and that figure could drastically increase in the next couple of years, given that another 18,000 units are in the pipeline, the Nashville Business Journal reported, citing data from CoStar. 

    The multifamily vacancy rate in Nashville is nearing 11 percent, which is considerably higher than the national average, said Michael Cobb, CoStar Group’s Nashville director of market analytics.

    “Last year saw 7,200 units absorbed. Let’s couple that figure with the arrival of another 9,000 units this year and another 8,000 units in 2025. Even if [absorption] continues at this rate, we’re still not going to get anywhere near being full,” Cobb told the outlet. 

    The Nashville area’s population grew by more than 35,600 in 2022, or 98 people per day, according to the Nashville Area Chamber of Commerce. Population growth, a key factor in apartment demand, is challenging to gauge, as the data lags behind by nine to 12 months, Cobb said.

    Apartment managers typically strive for 85-90 percent occupancy within the first year, but the  lease-up process is starting to slow, taking 15 to 18 months or longer due to increased options for renters. The surge in multifamily development led to a 2 percent decline in asking rents by the end of 2023, the most significant drop since 2009.

    Despite record-high vacancies and declining rents, Cobb contends that Nashville’s multifamily market is not oversupplied, since developers plan for the long term. The influx of supply is expected to diminish by mid-year, while vacancies are projected to remain above historical norms.

    “It continues to be a supply story. The unknown is what do the demographic growth factors look like in the coming months, quarters and years to ultimately steer the demand side of things,” Cobb told the outlet. 

    —Quinn Donoghue 

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    TRD Staff

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  • U.S. housing starts surge as builders rev up single-family home construction in May, while a housing shortage drags on 

    U.S. housing starts surge as builders rev up single-family home construction in May, while a housing shortage drags on 

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    The numbers: Construction on new American homes jumped 21.7% in May, as homebuilders ramp up building single-family homes to meet strong demand from buyers.

    Housing starts rose to a 1.63 million annual pace last month from 1.34 million in April, the government said Tuesday. That’s how many houses would be built over an entire year if construction took place at the same rate in every month as it did in May.

    Economists were expecting a slight decline of about 0.8%. The numbers are seasonally adjusted.

    This is the second month in a row that starts are up. The pace of construction was the highest since last April, when starts hit a 1.8 million pace.

    The surge in construction this spring was led by the Midwest.

    Both single and multi-family construction rose in May. Keen interest from would-be home buyers is creating strong demand for new homes. These buyers continue to face a lack of options in the resale market. 

    Building permits, a sign of future construction, rose 5.2% to a 1.49 million rate.

    Key details: As the weather warms up, construction pace has picked up considerably.

    The construction pace of single-family homes rose 18.5% in May while apartment building rose 28.1%.

    Home builders were most active in the Midwest, where housing starts rose by 67% from the previous month. The Midwest also led the nation in terms of single-family construction.

    Permits for single-family homes rose 5.2% in May while permits in buildings with at five units or more rose 7.8%.

    Housing starts are up on an annual basis for the first time in nearly a year. The annual rate of total housing starts rose 5.7% from last May.

    Big picture: New construction is a bright spot in an otherwise despondent housing market. For the buyers who brave 6% mortgage rates, there are few options in the resale market, which continues to funnel demand for new homes. 

    In fact, demand is so strong that homebuilders are pulling back on sales incentives, such as price cuts, the National Association of Home Builders reported on Monday. 

    Builders also reported that they were feeling upbeat about the housing market for the first time in nearly a year.

    What are they saying? “To say that we did not see this one coming would not even come close to capturing the degree to which the May residential construction data caught us off guard,” Richard Moody, senior vice president and chief economist at Regions Financial Corporation, wrote in a note.

    “This is without question an exaggeration of the underlying reality and a reminder that the housing starts data are among the most volatile and random of the government’s major economic indicators,” Stephen Stanley, chief U.S. economist at Santander U.S. Capital Markets, wrote in a note.

    “Having said that,” he added, “the housing sector broadly appears to be healing remarkably fast after enduring a historic shock in affordability last year, when 30-year mortgage rates more than doubled.”

    Market reaction: U.S. stocks
    DJIA,
    -0.59%

    SPX,
    -0.39%
    were down in early trading on Tuesday. The yield on the 10-year Treasury note
    TMUBMUSD10Y,
    3.721%
    rose above 3.7%.

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  • Orange Closes Pre-Seed Round to Bring Affordable EV Charging to Apartments

    Orange Closes Pre-Seed Round to Bring Affordable EV Charging to Apartments

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    Orange is signaling its intent to drive EV adoption by bringing reliable, affordable EV charging to apartments and disadvantaged communities.

    Press Release
    –

    Jan 25, 2023 07:00 EST


    SAN FRANCISCO, January 25, 2023 (Newswire.com)
    –
    Today, Orange announced the close of its $2.5MM pre-seed round to scale affordable electric vehicle charging for apartment communities by leveraging lower-powered charging solutions. 

    Founded by former Tesla engineers and backed by prominent EV investors, Orange is creating an affordable charging platform that provides site owners with a compelling return on investment while maintaining equitable costs, bringing EV charging to more disadvantaged communities.

    Orange installs EV chargers for the lowest possible cost while providing enough energy to satisfy daily driving needs using lower-powered 120-volt and 240-volt solutions. More stations are installed on the same circuit, making EV charging possible for the maximum number of residents at any property. 

    The Orange Outlet lowers the costs of charging for 39 million Americans living in apartment communities by ~70% over traditional charging solutions and carries little to no maintenance cost due to its simplified design. Additionally, Orange leverages the proprietary software, OrangeNet, which allows property owners to manage outlets across multiple sites and brings an average return on investment of 150%.

    “Orange has achieved equitable access to electricity by re-thinking the entire process of vehicle charging by creating a system specifically for apartment communities, rather than pushing a public charging model that doesn’t fit onto them,” Nicholas Johnson, Orange CEO, said. 

    Baukunst, a leading pre-seed firm investing at the frontiers of technology and design, led the round. They are joined by notable angel investors in the EV space, including Tesla co-founders Marc Tarpenning and Martin Eberhard, Johnathan Crowder, founder of the energy-focused firm Intellus Capital, and Sven Thesan, a Nobel-winning chemist.

    About Orange
    Redwood City, CA-based Orange is an electric vehicle charging solutions provider at multi-unit properties led by technology entrepreneurs and electrical experts. Founded in 2020, Orange offers customers an affordable and scalable way to bring EV charging capabilities to their residents by leveraging lower-powered charging outlets that reduce total costs by upwards of 70% compared to traditional charging solutions. The company’s innovative approach allows the millions of Americans living in multi-family housing access to affordable charging. For more information, please visit orangecharger.com.

    INVESTOR QUOTES

    Matt Thoms, General Partner at Baukunst: 
    “We’re thrilled to lead the pre-seed round for Nicholas and the team at Orange. At Baukunst, we believe a charging solution designed specifically for affordability and rapid adoption in apartment communities will catalyze the equitable EV movement.”

    Marc Tarpenning, Co-founder of Tesla Motors and Venture Partner at Spero Venture: 
    “Orange’s low-cost EV charging solution for apartment communities solves a major problem for widespread and equitable EV adoption. We are excited to be part of Orange’s journey.”

    Jonathan Crowder, Partner at Intelis Capital: 
    “We’re excited to partner with the Orange Charger team on their mission to solve the challenge of delivering affordable and convenient EV charging solutions for multi-family property residents and building owners.”

    Source: Orange

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  • Highly Anticipated, Luxury, Self-Catering Apartments Open in Trendsetting Beaverhall Road, Edinburgh

    Highly Anticipated, Luxury, Self-Catering Apartments Open in Trendsetting Beaverhall Road, Edinburgh

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    EDINBURGH, Scotland, December 6, 2019 (Newswire.com)
    –
    ​​​​​Beaverhall Apartments today announced the opening of a development of four luxurious, self-catering Edinburgh apartments in the heart of Scotland’s vibrant capital city. A home-away-from home for visitors, Beaverhall Edinburgh Apartments offers boutique living spaces with all the amenities of home.

    Many travellers to the U.K. want to know where to stay in Edinburgh, as well as the best places to stay in Scotland. The family-run business has already been credited by many as benefiting from a relaxed, helpful approach. This is allowing the owners to draw on decades of local insight and knowledge to highlight to guests the best ways to enjoy and discover things to do in Scotland.

    “We are lucky enough to live in Scotland’s beautiful capital, Edinburgh,” said Russell Steedman, General Manager “Being very easy going and passionate about our city, we look forward to welcoming people to our apartments and the wonderful city of Edinburgh.”

    The property features four serviced apartments including one large, family-sized apartment.

    • Fully fitted kitchens, kitchenettes, cozy beds, comfortable lounging areas and elegant bath/shower rooms.
    • Free self-service, continental breakfast in room.
    • Dining areas.
    • Various sized apartments to suit individuals, families and groups.
    • Private entrance to each apartment.
    • Dedicated, lightning-fast Wi-Fi in each apartment.
    • Smart TVs.
    • Easy walking distance to Edinburgh’s New and Old Towns.
    • Competitive rates throughout the year.
    • Cots available.
    • Open plan, contemporary design.
    • Stylish fixtures and fittings including rain showers.
    • All towels, bedsheets, soap and toilet tissue provided.
    • Child-friendly.
    • Dishwashers in large apartments.
    • Laundry available.
    • Very high fire specification.
    • Yoga mats, books and games.
    • Dressing table and hairdryer.
    • Accessible bathroom.
    • Book your apartment in Edinburgh directly on our website today. 
    • Rated 9.4 out of 10 so far on Booking.com

    Location

    Beaverhall Apartments is centrally situated between shopping, bars, restaurants and businesses to the South and the trendy Leith Docks area, with fantastic nightlife to the North. Venturing out a bit, the apartments are a 30-minute drive to South Queensferry and the world-famous Forth Bridges.

    Other close-by landmarks include:

    • Royal Botanic Gardens 14-minute walk, 0.7 miles
    • Royal Yacht Britannia 31-minute walk, 1.6 miles
    • Holyrood Palace 33-minute walk, 1.6 miles
    • Edinburgh Castle 35-minute walk, 1.5 miles

    Style

    The style of the apartments reflects the up-and-coming area of Broughton which, through urban redevelopment, has been upgraded from local warehouses to loft apartments and community art studios. This popularity reflects the burgeoning growth of neighbouring Leith, which has exploded onto the international tourist map after the success of a series of films and TV dramas set in the area.

    Why Choose Beaverhall Apartments?

    With an informal atmosphere, steampunk theme and laid back owners, Beaverhall Apartments is a breathtaking new development completed to a very high specification in a convenient, hip and trendy location.

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