Real Estate Notes: Midtown project lands permit

kAm%96 7FEFC6 7:G6\DE@CJ 3F:=5:?8 H:== 9@FD6 DA246D C6=2E65 E@ @?4@=@8J[ :?7FD:@?[ :>28:?8[ A92C>24J 2?5 @E96C 4=:?:42= D6CG:46D] %@ :?4=F56 E9C66 =6G6=D @7 36=@H\8C@F?5 A2C<:?8[ E96 a__[___\DBF2C6\7@@E DECF4EFC6 2=D@ H:== 244@>>@52E6 E96 4@CA@C2E6 9625BF2CE6CD @7 ~?6~?4@=@8J[ %6??6DD66 ~?4@=@8J’D A2C6?E 4@>A2?J]k^Am

kAm%96 255C6DD 7@C E96 AC@;64E :D 2 EH@\A2C46= D:E6 2E 3@E9 k2 9C67lQ9EEADi^^HHH]8@@8=6]4@>^>2AD^A=246^baaZaa?5ZpG6Z}[Z}2D9G:==6[Z%}Zbfa_b^obe]`dcdebe[\ge]g_edhhg[cab>^52E2lPb>`P`6bPc>ePb>dP`D_Iggecee37eh`d76h5i_I7232bb6bf5c33e5fPg>aPb5be]`dcdebePc5\ge]g_db_fP`eDTau8Tau``4`JHgGGHn6?ECJlEEFQ E2C86ElQ03=2?<QmkDEC@?8mb`e 2?5 baa aa?5 pG6] }]k^DEC@?8mk^2m[ H:E9 E96 @H?6C @7 E96 AC@A6CEJ[ |:5E@H? |65:42= {{r[ D92C:?8 2? 255C6DD H:E9 E96 >2:? %6??6DD66 ~?4@=@8J @77:46 2E a__c w2J6D $E][ 2=D@ :? |:5E@H?] %6??6DD66 ~?4@=@8J[ H9:49 H2D 7@F?565 :? `hfe[ =62D6D E92E DA246]k^Am

kAmp AC6G:@FD 6?E:EJ 277:=:2E65 H:E9 E96 {{r A2:5 S`b]`a >:==:@? 7@C E96 EH@ AC@A6CE:6D :? EH@ D6A2C2E6 EC2?D24E:@?D :? a_a`[ |6EC@ C64@C5D D9@H]k^Am

kAmq:C>:?892>\32D65 y@9?D@? w62=E942C6 #62= tDE2E6 :D 92?5=:?8 E96 56G6=@A>6?E @7 E96 D:E6 2?5 H:== >2?286 E96 3F:=5:?8 @?46 4@?DECF4E:@? :D 4@>A=6E65[ 244@C5:?8 E@ E96 C6=62D6] %6??6DD66 ~?4@=@8J 2?5 y@9?D@? w62=E942C6 92G6 4@==23@C2E65 :? E96 A2DE[ :?4=F5:?8 H:E9 E96 56G6=@A>6?E @7 E96 $6E@? qF:=5:?8 @? E96 42>AFD @7 pD46?D:@? #FE96C7@C5]k^Am

kAm%CF:DE q2?< 92D AC@G:565 2 Shb]b >:==:@? =@2?[ 244@C5:?8 E@ 2 s2G:5D@? r@F?EJ #68:DE6C @7 s665D 5@4F>6?E] }2D9G:==6\32D65 2C49:E64EFC6 2?5 6?8:?66C:?8 4@>A2?J vC6D92> $>:E9 W56D:8?X 2?5 E96 =@42= @77:46 @7 }6H *@C<\32D65 %FC?6C r@?DECF4E:@? WE96 86?6C2= 4@?EC24E@CX 2C6 A2CE:4:A2E:?8 :? E96 AC@;64E]k^Am

k9bmx?8=6H@@5\2C62 AC@A6CEJ =:DE65 7@C D2=6 7@C Sa]he|k^9bm

kAmp? t2DE }2D9G:==6 4@>>6C4:2= AC@A6CEJ =@42E65 23@FE 7:G6 3=@4<D H6DE @7 #:G6CD:56 ':==286 92D 366? @776C65 7@C D2=6 7@C 2AAC@I:>2E6=J Sa]he >:==:@?]k^Am

kAm~776C:?8 2 `_[___\DBF2C6 7@@E 7F==J =62D65 C6E2:= 3F:=5:?8[ E96 E9C66\A2C46= AC@A6CEJ 92D 2 >2:? 255C6DD @7 k2 9C67lQ9EEADi^^HHH]8@@8=6]4@>^>2AD^A=246^b`_`Zv2==2E:?Z!:<6[Z}2D9G:==6[Z%}Zbfa`e^obe]a_dafcb[\ge]fbhaf_h[cbb>^52E2lPb>`P`6bPc>ePb>dP`D_Iggeceg_g574a5_67i_Ib_dd6cg`he425h6dPg>aPb5be]a_dafcbPc5\ge]fbfhgbcP`eDTau8Tau``4a9GK9=gn6?ECJlEEFQ E2C86ElQ03=2?<QmkDEC@?8mb`_` v2==2E:? !:<6k^DEC@?8mk^2m 2?5 2 4@==64E:G6 `]a 24C6D] %96 D:E6 2=D@ :?4=F56D 2 b[ha_\DBF2C6\7@@E 3F:=5:?8 E92E :D ?@E =62D65 2?5 :D A2CE @7 E96 @776C:?8]k^Am

kAm%96 EH@ 3F:=5:?8D @A6?65 :? `hd_ 2?5 `hha[ C6DA64E:G6=J[ 2?5 D:E 24C@DD v2==2E:? !:<6 7C@> E96 3F:=5:?8 9@FD:?8 p>6C:42? {68:@? x?8=6H@@5 !@DE ga[ <?@H?[ :? A2CE[ 7@C 9@DE:?8 =:G6 >FD:4] t2DE %C:?:EJ {2?6 D:ED EH@ 3=@4<D E@ E96 D@FE9 @7 E96 7@C\D2=6 AC@A6CEJ]k^Am

kAmr2D9 p>6C:42 !2H? 2?5 x?8=6H@@5 %:E=6 {@2?D @A6C2E6 7C@> E96 AC@A6CEJ’D >2:? 3F:=5:?8]k^Am

kAmys! Wy@9? s2G:5 !6AA6CDX !C@A6CE:6D @H?D E96 AC@A6CEJ[ H:E9 2 C6=2E65 6?E:EJ 92G:?8 24BF:C65 :E :? `hgb 7@C Sed[___[ |6EC@ C64@C5D D9@H] !6AA6CD :D 2 D6=7\6>A=@J65 uC2?<=:? 2EE@C?6J[ 244@C5:?8 E@ 9:D {:?<65:? A286]k^Am

kAm!6AA6CD 92D 6?=:DE65 |2EE96HD #62= tDE2E6 x?G6DE>6?ED $6CG:46D WwFEE r@@<6[ r=2J $>:E9 2?5 vC68 z2G@<=:DX E@ 92?5=6 E96 >2C<6E:?8 @7 E96 AC@A6CEJ]k^Am

k9bmr6?E6??:2= !2C<\2C62 AC@;64E AC@8C6DD6Dk^9bm

kAmt77@CED E@ F?56CE2<6 2 E9C66\DE@CJ `_\F?:E C6D:56?E:2= 3F:=5:?8 36:?8 6J65 7@C 2 AC@A6CEJ |6EC@ !2C<D s6A2CE>6?E @H?D ?62C E96 r6?E6??:2= s@8 !2C< D66>:?8=J 2C6 >@G:?8 7@CH2C5]k^Am

kAmpD E96 k6>m!@DEk^6>m C6A@CE65 :? ~4E@36C a_aa[ E96 56A2CE>6?E :D A=2??:?8 E@ DH2A 2 (6DE t?5 !2C< AC@A6CEJ 2E k2 9C67lQ9EEADi^^HHH]8@@8=6]4@>^>2AD^A=246^b`c_Z!2CE96?@?ZpG6[Z}2D9G:==6[Z%}Zbfa_b^52E2lPc>aPb>`P`D_Iggecee3a7fefh64hi_Igbee6f2d`ed575cfnD2l)U2>AjG65la29&ztH;IB|70AGerpI&8%%pqw)r)p2<"g8ueqp8!tppQ E2C86ElQ03=2?<QmkDEC@?8mb`c_ !2CE96?@? pG6]k^DEC@?8mk^2m 7@C 2 AC@A6CEJ @7 6BF2= D:K6 2E b`be !2CE96?@? pG6]k^Am

kAm%96 AC@A6CEJ 2E b`be :D @H?65 3J r92C=:6 !9:==:AD[ H9@ 2=D@ @H?D v2==2E:?\32D65 '@=F?E66C qF:=56CD] %92E 6?E:EJ H:== D6CG6 2D 56G6=@A6C @7 E96 b`c_ D:E6 H:E9 H92E H:== 36 42==65 !2CE96?@? u=2E6D[ 244@C5:?8 E@ 2 5@4F>6?E DF3>:EE65 E@ |6EC@]k^Am

kAm%96 5@4F>6?E ?@E6D +:@?DG:==6[ x?5]\32D65 %p## vC@FA H:== D6CG6 2D 6?8:?66C 2?5 =2?5D42A6 2C49:E64E[ H:E9 }2D9G:==6’D sCJ56? pC49:E64EFC6 92?5=:?8 56D:8? 5FE:6D] %96 5@4F>6?E 5@6D ?@E :?4=F56 2 56E2:=65 C6?56C:?8]k^Am

kAm!9:==:AD 3@F89E E96 b`be AC@A6CEJ :? yF?6 a_a` 7@C S`]c >:==:@?[ 2?5 2E E96 D2>6 E:>6 AFC492D65 E9C66 @E96C AC@A6CE:6D :? E96 w:==D3@C@\(6DE t?5 ?6:893@C9@@5 7@C 2 4@==64E:G6 S` >:==:@?[ |6EC@ C64@C5D D9@H] %96 !2CE96?@? pG6?F6 AC@A6CEJ :D 4FCC6?E=J K@?65 7@C FA E@ 7:G6 C6D:56?E:2= F?:ED] ~?46 C6K@?:?8 :D 7:?2=:K65 7@C b`c_p !2CE96?@? pG6][ |6EC@ 2?5 !9:==:AD 42? 5@ E96 =2?5 DH2A] p=D@ :?G@=G65 :? E96 AC@46DD :D 2 AC@A6CEJ |6EC@ !2C<D @H?D 2E b`bg !2CE96?@? pG6]k^Am

kAmp?@E96C AC@A6CEJ @? E96 3=@4<[ 2E b`c_q !2CE96?@? pG6][ :D 2=D@ C6D:56?E:2= 2?5 @H?65 3J q6?;2>:? qC@H?] |6EC@ !2C< @H?D 2 AC@A6CEJ 4@>A=6E:?8 E96 3=@4< 2E b`ca !2CE96?@?]k^Am

kAm%96 DH2A H:== J:6=5 EH@ 25;246?E AC@A6CE:6D WqC@H?’D 2?5[ 6G6?EF2==J[ !9:==:AD’X DFCC@F?565 @? E96 ?@CE9[ 62DE 2?5 H6DE 3J A2C<D 56A2CE>6?E\@H?65 =2?5 H9:=6 AC@G:5:?8 |6EC@ >@C6 4@?E:8F@FD A2C< =2?5 E92? :D 4FCC6?E=J E96 42D6] k^Am