Commercial and residential real estate across the Capital Region — development projects, property sales, construction, and the market trends driving them.
Plans to convert a 34,000-square-foot office building on Nicholson Drive into a 42-unit apartment complex are moving forward, with River House developer Marc Blumberg applying for permits in hopes construction will begin within the next 60 to 90 days.
New Orleans-based Key Real Estate Company has acquired a 4-acre tract in Rouzan from developers John Engquist and Charles Landry for $7 million, and plans to develop a $50 million, mixed-use, multifamily project on the site.
Beau Box of Beau Box Commercial Real Estate confirmed the deal to Daily Report but declined to provide additional details. Other sources close to the deal have identified South Carolina-based EdgePWR as the buyer, with Jim La Marche as the involved principal.