Tag: Units

Roof Above purchases hotel to transform into housing units

Charlotte non-profit Roof Above purchased the hotel on Clanton Road to transform into permanent housing for 88 families.

CHARLOTTE, N.C. — A Charlotte non-profit is getting creative when it comes to solving homelessness in the community.  Roof Above just purchased an 88-unit hotel that will eventually be transformed into permanent housing. 

The hotel, at the intersection of Clanton Road and Interstate 77, will be open this winter as an emergency shelter for women and families.  Renovations will begin in summer 2021 to transform the hotel into more permanent housing for more than 80 families facing homelessness.  

While affordable housing has long been an issue in Charlotte as the city exploded in growth and development, the Covid-19 pandemic has exacerbated the problem for one of the city’s most vulnerable groups.

RELATED: I can’t afford to live here | An in-depth look at Charlotte’s affordable housing crisis

“As the pandemic has created financial challenges for hotels and motels nationally, nonprofits like Roof Above are stepping in to buy facilities we can use for important public purposes – creating a win-win for everybody,” said Liz Clasen-Kelly, CEO of Roof Above.

The $12 million renovation will include a kitchen in each unit as well as a support wing dedicated to provide services for individuals looking for resources and support. 

When complete, the new housing will replicate Moore Place, a Charlotte housing community that offers supportive housing for 120 individuals and families experiencing chronic homelessness.

RELATED: ‘It was a house of cards waiting to fall’ | Homelessness expected to increase by the end of 2020

The hotel will serve an important purpose through the winter.  Roof Above suspended a winter shelter program due to the pandemic and needed a place to help house and shelter women and children in the community.  The purchase of the hotel will allow the group to immediately open up rooms for those families. 

The project will be paid for through a CARES Act grant from the city of Charlotte as well as donations from the Springsteen Foundation, Duke Energy Foundation and a significant financial contribution from the McKibbon Family Foundation. 

Roof Above currently operates a service center, two year-round shelters and more than 400 units of supportive housing in the city.  It also operates a treatment program for substance use disorders. 

Source Article

Continue reading

The Heart of Europe to handover 2,000 units within Phase I as it re-creates the charm of the French Riviera through St. Tropez Hotel

Construction of the project’s innovative landmarks, including the Floating Seahorse Villas, Sweden Beach Palaces, Germany Island Villas, Honeymoon Island, Portofino Hotel and Côte d’Azur Resort are progressing in full speed with all the Phase I projects having topped out while engineers are currently putting finishing touches on the exterior facades and interior décor – making them ready to receive tourists from all over the world – when large-scale tourism traffic starts to pick up.

“At the beginning of the year, we made a commitment to deliver part of the Phase 1 of the Heart of Europe to the owners by the end of 2020,” Josef Kleindienst, Chairman of Kleindienst Group, said. “At that time, we were not fully aware of the devastating effects of the Coronavirus pandemic and its magnitude.

“However, despite the challenges posed by the COVID-19 pandemic, we were determined to go ahead with our planned development and as the lockdown was announced in March, we shifted our entire team to the Heart of Europe islands and continued to construct. During the lockdown, we were isolated from the mainland and confined to the island and focused on construction.

“Now, I am pleased to announce that, we are ready to hand-over residential units to home-owners so that they can fit out the interiors. This reflects our strong commitment to the investors and as they start taking over, I am also excited to announce that we have started construction of the Phase II of the project – and plan to complete the development of the island by 2022.”

Since about 90 percent of the developments of the island are hospitality units, hotels and resorts will be opened when large-scale tourism traffic starts to pick up, he says.

“We are also getting ready to commercially open more than 1,500 hospitality units in five hotels and resorts – when the tourists start to travel – after the situation normalises. The recent announcement of the COVID-19 vaccine is encouraging and if most people are vaccinated in the first half of 2021, we will open the world-class leisure destination to local, regional and international tourists ahead of the Expo 2020 that starts in October 2021,” Josef Kleindienst says.

St. Tropez – an exclusive boutique hotel offering 200 keys – is gradually taking shape at the Heart of Europe, the most sustainable luxury leisure tourism destination in the world. Part of the four-hotel Côte d’Azur Resort, it will add to the growing attractions of the Heart of Europe, once complete in a few months.

Overlooking the Arabian Gulf, St. Tropez offers magnificent sea views – of a large body of crystal clear blue waters at an inter-connected destination of six islands that makes up the Heart of Europe, which will be one of the most sought after holiday destinations in the world.

St. Tropez promises to deliver luxury suites where every window overlooks mesmerising seascapes that shine under the sun. Guests will be able to surround themselves in the spellbinding beauty of the azure blue

Continue reading

Sixty Sixty Condo-Hotel Units in Miami Beach Sell for $15M

Victor Ballestas and 6060 Indian Creek Drive, Miami Beach (Credit: Google Maps)

Victor Ballestas and 6060 Indian Creek Drive, Miami Beach (Credit: Google Maps)

Integra intends to buy all 82 units of a Miami Beach condo-hotel that was once the subject of a fierce foreclosure battle, already spending $15 million for about 80 units.

Miami-based Integra has partnered with Sagar Desai, principal of Miami-based Activate Hospitality, to put together a business plan for the Sixty Sixty hotel at 6060 Indian Creek Drive, principal Victor Ballestas told The Real Deal.

The partnership is still deciding if the hotel will partner with a brand to make improvements to the building, Ballestas said. He hopes to complete improvements in the next nine months for a relaunch next season.

Among its purchases, Integra just closed on an $11.5 million purchase of 65 units from companies affiliated with Port Orange-based The Schecher Group, records show. Integra also paid $50,000, each, for three units owned by Setter LLC, managed by Alan Lieberman. It also bought a unit from Oded Tabachnik of Encino, California, for $70,000.

Schecher Group is led by Richard Schecher Sr. and Jr. In 2018, Schecher prevailed in a foreclosure lawsuit against dozens of unit owners in the Sixty Sixty. Schecher had alleged the owners failed to pay about $9.4 million in assessments. Unit owners accused Schecher of a hostile takeover of the condo-hotel.

Richard Schecher Sr. appears to have stepped away from the business, becoming an ordained minister in the Universal Life Church in May, according to his website.

Integra has been busy in South Florida. The company recently secured approval from Monroe County for a 280-unit development on Stock Island near Key West. Integra and a partner also plan to invest $58 million to develop a 13-story, 271-unit affordable senior housing project in Miami’s Allapattah neighborhood.

Source Article

Continue reading