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The floor plan. The National Trust put the building up for sale in mid-2009. The organization said it had outgrown the 60,000 square feet (5,600 m 2) building and needed about 80,000 square feet (7,400 m 2) of space. Real estate experts believed the structure would sell for $1,000 a square foot, or $60 million.
With no development, financial or construction experience, they put down a non-refundable deposit to purchase the Ritz and Mozart apartment buildings. Their commitment won over James Rouse, CEO of The Rouse Company and he helped them secure $625,000 to complete the transaction and $125,000 toward the cost of rehabilitation.
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments. As of December 31, 2022, the company owned or had investments in 308 properties consisting of 79,597 apartment units in Southern California , San Francisco , Washington, D.C.
People 1 month ago Michael Jordan's Chicago Mansion Sells for $9.5 Million After 12 Years on Market The retired NBA legend's sprawling Highland Park estate has been on the market on and off since 2012
Regional shopping center: enclosed space; 400,000–800,000 sqft; 1–5 anchor stores with other tenants that sell a large variety of goods Community shopping center : open space; 125,000–400,000 sqft; provides general merchandise and commodities ( e.g. , supermarket, discount department store)
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These were composed of 333 studio apartments, which covered 440 square feet (41 m 2) on average, and 357 one-bedroom apartments with one to two bathrooms, which ranged from 670 to 790 square feet (62 to 73 m 2). [66] The McAlpin's apartments included soundproof windows, large closets, and parquet floors, [67] as well as concrete floors. [67]
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