Something, anything

By Geert De Lombaerde Posted on October 28, 2009 at 10:28 am

Crosland takes a drastic step in an attempt to start shipping condos at its Terrazzo tower. It will hold an auction the weekend before Thanksgiving with minimum bids starting below $200 per square foot.

The condominium homes offered in the sales event include a broad array of floorplans, and minimum offering bids are approximately 40-50% of the list price. One-bedroom and one-bedroom den residences available at the sales event range from 891 to 1,150 square feet with minimum offering bids of $159,000 - $225,000. Two-bedroom, two-bath and two-bedroom plus den residences available at the sales event range from 1,320 to 1,617 square feet with minimum offering bids of $250,000 - $310,000. Three-bedroom, three-bath residences available at the sales event have 2,090 square feet with minimum offering bids of $399,000. The minimum bid prices include one parking space in the access-controlled, underground garage.

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Tags: auctions, condominiums, Crosland LLC, downtown development, housing market, residential real estate, Terrazzo, The Gulch  

Deutsche unit picks Crosland for local management contract

By Geert De Lombaerde Posted on October 22, 2009 at 3:12 pm

RREEF, a real estate investment subsidiary of Deutsche Bank, has offloaded the management of more than 11 million square feet of property from New England to Texas to five firms, one of which is Crosland. A spokeswoman says the firm will take over the day-to-day running of Providence Marketplace, the $75 million shopping center it developed with Carolina Holdings before selling a majority stake to RREEF in 2007. Crosland, which also built the Terrazzo tower in The Gulch, will manage three sites in the Carolinas as well.

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Tags: Carolina Holdings Inc., commercial real estate, Crosland LLC, Deutsche Bank, Mt. Juliet, property management, retail real estate, RREEF, Wilson County  

Terrazzo lands LEED

By Geert De Lombaerde Posted on September 23, 2009 at 1:33 pm

Crosland’s mixed-use Gulch tower has been awarded silver LEED certification by the U.S. Green Building Council.

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Tags: commercial real estate, construction, Crosland LLC, Leadership in Energy and Environmental Design, LEED, sustainable development, Terrazzo, U.S. Green Building Council  

Mt. Juliet shopping center signs three

By Kyle Swenson Posted on August 20, 2009 at 9:47 am

Developer Crosland has signed on a handful new tenants to its Providence MarketPlace retail center in Mt. Juliet. The company announced yesterday three new tenants will take up a combined 7,426-square-feet of the 830,000-square-foot center.

Trendy national clothing retailer rue21 — which bills itself as offering prices 25 to 50 percent below the competition — will take up 4,210 square feet of space. Body Shop Fitness, a specialized personal training facility, has signed on for a 1,842-square-foot space. The gym plans to open its doors in May. Later this month, Cori’s DogHouse, a restaurant serving hot dogs and sausages, will open in a 1,374-square-foot-space.

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Tags: commercial real estate, Crosland LLC, Mt. Juliet, retail, retail real estate