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Young real estate developers are using young investors’ money to put young people in young neighborhoods.
The Morton is Seattle-based developer’s, Timberlane Partners, first new construction project and third property in Salt Lake City. The developers own the former Artspace shops on the 300 West block of Pierpont and The Mercer, a four-story 73-unit residential building on the 500 East block of 300 South.
Botanica, which started as an online magazine in December, now has a restaurant and market in Silver Lake. [The Silver Lake Market property is a Timberlane-owned asset.]
The century-old, converted warehouse offers many unique features, like tall ceilings, exposed brick, and a back loading dock that now serves as open patio space to the building's tenants. Seconds from great food and drinks, and minutes from amazing skiing, the location is equally as important to me as the actual living space. [Pierpont is a Timberlane-owned asset.]
A joint venture between Canyon Partners’ real estate arm and CIT Bank acquired the Harvey, a 177-unit multifamily apartment community at 5640 Santa Monica Boulevard in Hollywood, the companies announced Monday. Seattle-based Timberlane Partners was the seller.