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REDEVELOPMENT OF PROPERTY
Homeowner sold redeveloped flat for Rs 1.95 crore, paid no income tax, received a tax notice; wins relief in ITAT MumbaiAfter redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai fo...- A former Chicago Sears store was converted into 59 apartments. Four years later, it sold for nearly $29 millionA former Sears department store in Chicago’s Ravenswood neighborhood, redeveloped into 59 apartments and retail space in 2021, has sold for...
- Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax, receives notice, wins case in ITAT DelhiProperty owner inherits mother’s land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no...
- From drugs and despair to hope: How Harris Rosen's $11 million philanthropic mission transformed Florida's Tangelo ParkIn a remarkable effort to uplift the underprivileged Tangelo Park community, hotel mogul and philanthropist Harris Rosen prioritized educat...
- Jamestown bought Atlanta’s former Sears building for $27 million. Here’s how it became Ponce City MarketJamestown bought Atlanta’s former Sears building for $27 million in 2011 and transformed the 2.1-million-square-foot property into Ponce Ci...
- What happened to Danbury's Crowne Plaza hotel? Its 10-story building has found an entirely new purposeDanbury's Crowne Plaza hotel has been redeveloped into an apartment complex called Innovation Studios after years of decline. The project w...
- Amazon founder Jeff Bezos backs $100 million plan to turn a former US motorway ramp into a 20-acre park in Little RockJeff Bezos is investing $100 million to convert neglected urban land into parks across eight American cities. Projects will include restori...
- Texas’ 1927 Hawn Hotel closed in 1978 and was condemned in 1989; a $17.6 million rehabilitation converted the vacant tower into 33 housing units and ground-floor commercial spaceThe Hawn Hotel in Temple, Texas, has transitioned from a long-vacant structure to a modern residential and commercial space. Completed in 1...
- Charlotte’s former Duke Energy headquarters gets $250 million in financing for 460 luxury apartments and 60,000 sq ft of retail by 2027Charlotte’s former Duke Energy headquarters is set for more than $250 million transformation after developers secured financing. The Brookl...
- Publix is shutting stores across the Southeast: See which locations are closing for goodPublix is not pulling back in a major way. The company has more than 1,440 supermarkets across eight states in the Southeast. Publix says s...
- Developer Richard Rubin bought a long-shuttered Alabama Ramada Inn in 2021; after a sub-$5 million redevelopment, its 120 rooms were slated for workforce housingDeveloper Richard Rubin is transforming a long-shuttered Ramada Inn in Sheffield, Alabama, into workforce housing through his firm, rm Repv...
- In 2019, Lovett Commercial bought Houston's historic 254,808-sq-ft Folgers plant; 7 years later, a $10 million reuse project was turning it into an arts and school hubHouston's historic Folgers Coffee Plant is being transformed into the Frank Liu Jr. Academy of Music and Arts, a tuition-free, open-enrollm...
- The 1952 El Portal Church sat boarded up for a decade. After a $5.5 million sale in 2021, its future became a major redevelopment fight- here's what actually happened to the historic 75-year-old churchIn El Portal, a long-abandoned church has been bought by Elm Springs for commercial development. However, Adam Neumann has since taken cont...
- Tenant fails to get protection from eviction as he could not prove property owner's brother signed unregistered rent agreement with him; Madras HC order explainedTenant can't claim protection from eviction without first proving signing of an unregistered rent agreement with the property owner's broth...
- Billionaire couple bought a $40 million abandoned power plant site. Now they are spending $410 million turning it into a public parkAustin and Allison McChord purchased an abandoned power plant in Norwalk with plans for transformation. Their vision includes creating a pu...
- CREDAI says unable to build affordable homes due to high input cost, taxes; seeks govt sopsCREDAI has raised concerns about the lack of affordable housing being built because of rising costs. The organization's President, Shekhar ...
- Maharashtra sets stricter redevelopment norms, higher safeguards for housing societiesMaharashtra has tightened redevelopment rules for cooperative housing societies, introducing stricter requirements for developer selection,...
- Mahindra Lifespace expects Rs 1,500 cr revenue from redevelopment of 3 housing societies in MumbaiMahindra Lifespace Developers Ltd is set to redevelop three residential societies in Mumbai. The company is looking to generate a revenue o...
- A 292-room Hilton in Houston shut its doors after years as a hotel; developer Bryan Kang then planned a $40 million conversion of its 200,000 sq ft into housingA former 292-room Hilton Houston Galleria at 6780 Southwest Freeway could obtain a fresh purpose via a planned $40 million residential chan...
- An obsolete power plant was no longer serving its original industrial purpose; developers explored a new life for the landmark through mixed-use redevelopmentA historic power plant in Savannah, Georgia, is being offered a fresh purpose through the Plant Riverside District, a large mixed-use redev...
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