Multi-Housing News - October 2008 - (Page 13)

director of housing, Shafer Richardson Inc. “The gray and metallic surfaces fit with the older, industrial heritage, and orange is bright, fun and new, and signals new life in the neighborhood.” In Los Angeles, Puerta del Sol, comprised of 165 workforce condos—all but two of which have been sold—targeted buyers from a range of ethnic groups earning 80 to 200 percent of the area median income. The Art Deco-inspired project also incorporates clean, contemporary lines. “Ours was an effort to [ensure] the design appeals to a wide selection of the population,” who are mostly young, firsttime homebuyers, notes Percy Vaz, president of AMCAL Homes Inc. Puerta del Sol consists of four stories over sub-grade parking and includes an interior courtyard and extensive landscaping. The judges commented, “The integration of art by local artists makes it respectful of its community.” The Metro Gold Line light rail is another attractive feature. Despite the declining housing market in Los Angeles, residences surrounding the Avenue 26 development have reportedly seen an increase in property values. Gables Residential converted Dallas’ landmark Republic Center Tower, a 36-story office building listed on the National Historic Register, into 229 luxury apartments—now known as Gables Republic Tower, and a finalist in the adaptive reuse category. “The lobby was restored to its ’50s glory, featuring original travertine plus new material from the [same] mine,” says Tom Bakewell, regional vice president of investments, Gables Residential. “We sought to deliver traditional luxury apartment interior finishes and floor plans to meet a growing market need for downtown rentals.” The judges agreed that 5th & Madison, in Seattle’s Central Business District, boasts “great site development and a simple, striking façade. The exposure of steel on the outside gives it real character.” Located amidst extensive retail and cultural amenities, including the new $170 million Central Library, the sleek condo was designed to maximize views, air and daylight with high-performance glazing. In the lobby, large windows overlook the landscaped garden and the city of Seattle, creating an urbane, site-responsive setting. MHN 2008 Design Excellence Winners High-Rise 1. 5th & Madison, Seattle Mid-Rise 2. 25 Bond Street, New York Low-Rise/Garden 3. Icon at Doyle, Emeryville, Calif. (for rent) 4. Colony at Bandon Cove, Bandon, Ore. (for sale) 5. Merit Award: Arthouse at Keller Town Center, Keller, Texas Mixed-Use 6. Luma, Los Angeles Green 7. Millennium Tower Residences, New York Adaptive Reuse 8. Rail Yard Lofts, Denver (for sale) 9. The Cathedral Building, Sacramento, Calif. (for rent) Student Housing 10. Crimson Hall, Bridgewater State College, Bridgewater, Mass. Workforce Housing 11. Puerta del Sol, Los Angeles Affordable 12. The Sutton, Harlem, NY 13. Merit Award: Gateway Apartments, San Diego, Calif. Seniors/Active Adult 14. Merit Award: Parkview Terraces, San Francisco 9 TND/New Urbanism 15. Park Village, Fort Belvoir, Va. Transit-Oriented 16. Pacifica, Long Beach, Calif. Unbuilt 17. Mirabella South Waterfront, Portland, Ore. Interior Design 18. Midtown North Bethesda North Condominiums, North Bethesda, Md. 6 7 8 18 15 16 MHN Online See the winning projects, project teams, judges’ comments and all the finalists at www.multi-housingnews.com/awards 17 www.multi-housingnews.com | October 2008 13 http://www.multi-housingnews.com/awards http://www.housingnews.com

Table of Contents for the Digital Edition of Multi-Housing News - October 2008

Multi-Housing News - October 2008
Contents
From the Editor
MHN TV Premieres
Market Pulse
Special Report: MHN 2008 Design Awards
Development & Design: Mirabella
Market Report: Chicago, Kansas City
Property Management: Tracking Residents’ Tech Wish Lists
Finance: Freddie Mac/Fannie Mae
Tech Report: Marketing Web sites
Products: Appliances

Multi-Housing News - October 2008