Posted Apr 13, 2019, 12:06 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,936
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NASH, Holland pay Cornish $22M for high-rise site in Denny Triangle
Quote:
Concluding a deal that was announced last year, Cornish College has sold a corner property at 1000 Virginia St. to Holland Partner Group and Japanese financial partner NASH for $22 million.
With Weber Thompson, Holland is planning a 45-story, 435-unit apartment tower, which will have some retail/commercial space and underground parking for about 261 vehicles. The old warehouse building, now used for classrooms, will be removed.
The 1000 Virginia tower will share the block with Holland's planned 44-story tower at 2019 Boren Ave., which will have about 426 units, ground-floor performance space and classroom space above for Cornish, plus offices for Cornish and/or other tenants.
That project, also designed by Weber Thompson, is further along in design review. Holland assembled that larger corner site last year by paying $24.4 million to Cornish, Bellwether Housing and Recovery Cafe.
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https://www.djc.com/news/re/12120584.html
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