March 2008

  • Mar
    31

Lynette Green joins company as senior leasing manager in Palm Beach Gardens Office

March 31, 2008

March 31, 2008
Florida Real Estate Journal

Palm Beach Gardens – Ram recently announced that Lynette Green has joined the company as a senior retail leasing manager in the Palm Beach Gardens office.

In her new role, Green will handle all leasing responsibilities for a mix of Ram’s existing portfolio, which includes Main Street at Midtown and new developments in Florida and Chapel Hill, NC. She has more than 18 years of experience in retail leasing, property management and business development.

Before joining Ram, Green was a senior associate with CB Richard Ellis. While at CBRE, she completed more than 79,635 sf of retail transactions in 2006 with a value of more than $13.4 million.

  • Mar
    28

Reshaping Home Depots

March 28, 2008

Reshaping Home Depots
March 28, 2008
Atlanta Business Chronicle

A Florida-based developer has snapped up former Home Depot sites that it will turn into two mixed-use projects.
Fla.-based Ram Realty Services recently acquired the 17.4-acre former Home Depot EXPO site in the Lindbergh area with palns to redevelop it inmto mid-rise apartments. Construction is expected to begin this summer.

In Snellville, Ram has also purchased the 6.6-acre former Home Depot Landscape Supply site, and has an adjacent 4.5-acre site fronting Scenic Highway to redevelop the entire parcel into a retail center.

Atlanta-based The Home Depot Inc. closed about a third of its Home Depot Expo stores in 2005 and closed all 11 Home Depot Landscape Supply stores in November 2007.

Ram bought the 11 Home Depot Landscape Supply stores, five in Atlanta and six in Dallas, in late January for $22 million.

The first phase of the Lindbergh redevelopment will be built next to the PGA TOUR Superstore on Garson Drive, said Ken Baye, senior vice president of development for Ram. Raye, formerly of Home Depot’s real estate group, will oversee the Ram’s development in the Atlanta market.

The first phase calls for 322 apartment units. A second phase will redevelop the PGA TOUR Superstore site, he said. The entire project is valued at about $200 million.

Construction on the 95,000-square foot Snellville retail center is expected to begin in late 2008, Baye said.

  • Mar
    28

Florida’s Ram Bursts Onto Metro Area Scene

March 28, 2008

Florida’s Ram Bursts Onto Metro Area Scene
March 28, 2008
By Natalie Keith – GlobeSt.com

ATLANTA-Palm Beach Gardens, FL-based Ram has opened an office in Midtown with plans to expand in the market. The office is located at the Biltmore at 817 West Peachtree St. and will be managed by Ram senior vice president Ken Baye, who oversees the company’s development and construction of projects.

Baye tells GlobeSt.com that the company is not targeting any particular geographic areas within Atlanta, but likes projects inside the perimeter. “Given the traffic in Atlanta, there’s been a tremendous growth in Midtown and Buckhead and other infill areas,” he says. “Ram is focusing more on those areas than the more suburban locations.”

The company recently acquired 17.4 acres in the Lindbergh area of Atlanta with plans to redevelop the former Home Depot Expo site and current PGA Superstore site by building mid-rise, loft-style apartments. The project is located near a Marta station, so it is planned to be a transit-oriented development. Construction of the project is expected to begin in the summer.

The company also recently acquired 6.6 acres in Snellville, GA with plans to redevelop the former Home Depot Landscape Supply site, along with another 4.5-acre site on Scenic Highway, into a retail center. Baye says Ram anticipates breaking ground on the project within the next nine to 12 months. “Atlanta is a great area that continues to have strong growth,” he says. “It is particularly popular with the 25 to 34 age demographic which will keep growth strong in the future.”

Ram’s development plans come on the heels of its acquisition of 11 Home Depot spinoffs in Atlanta and Dallas for $22 million, as GlobeSt.com reported in February.

  • Mar
    19

Atlanta is Newest Location for Major Real Estate Developer

March 19, 2008

Atlanta is Newest Location for Major Real Estate Developer
March 19, 2008
FOR IMMEDIATE RELEASE:

Contact:
Marichelli Heredia or Heidi Armstrong
Thorp & Company
305.446.2700
mheredia@thorpco.com
harmstrong@thorpco.com
New office will support Ram’s numerous development projects throughout the region

Palm Beach Gardens, Fla., March 19, 2008 – Ram, a leader in real estate development and acquisitions, today announced that it has opened an office in Midtown Atlanta.

Located at The Biltmore at 817 West Peachtree Street, Suite 910, the office will be managed by Ken Baye, senior vice president of development for Ram. Baye will oversee the company’s development and construction of projects in the Atlanta market.

“We are extremely bullish about Atlanta, and have a number of new projects in progress in this area at the moment,” said Baye. “Atlanta is an important market for us, and we’ll be aggressively pursuing projects where we can utilize our expertise in redevelopment, ground-up development and urban infill.”

In addition, Ram has purchased 6.6 acres in Snellville, Ga., and plans to redevelop the former Home Depot Landscape Supply site together with a 4.5 acre site on Scenic Highway into a retail center. Ram is also actively looking for additional properties to purchase, and has a number of potential property acquisitions in the Atlanta area under consideration.

About Ram
Founded 30 years ago, Ram pursues the acquisition, development, and redevelopment of commercial, multifamily and mixed-use real estate throughout the Southeast, with a focus on the major markets in Georgia, Florida and the Carolinas. Ram’s development pipeline now exceeds $750 million, to be funded through the recently launched Ram Realty Partners II Fund. In addition to its development activity, Ram acquires existing assets and portfolios where it can add value. Ram’s Atlanta office is complemented by its corporate headquarters in Palm Beach Gardens, FL, and its offices in Fort Lauderdale and Tampa, FL, and Raleigh, NC. For more information, visit www.ramrealestate.com.
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  • Mar
    11

Clive Christian, a Luxury Cabinet and Furniture Line, to Open a Showroom at the Design Center of the Carolinas

March 11, 2008

Clive Christian, a Luxury Cabinet and Furniture Line, to Open a Showroom at the Design Center of the Carolinas
March 11, 2008
FOR IMMEDIATE RELEASE

Contact:
Marichelli Heredia or Heidi Armstrong
Thorp & Company
305.446.2700
mheredia@thorpco.com
harmstrong@thorpco.com

Palm Beach Gardens, Fla., March 11, 2008 – Ram, a leader in real estate development and acquisitions, today announced that Clive Christian, a luxury European cabinetry and furniture line, will open its first North Carolina showroom at the Design Center of the Carolinas in Charlotte, N.C.

Located at 101 West Worthington Avenue in Charlotte, N.C., the Clive Christian showroom will offer a wide variety of made-to-order furniture. The company is best known for its unique and high-end classic style cabinetry and wall panels. It is the first Clive Christian showroom in the United States to feature the ultra-modern Alpha kitchen, part of Clive Christian’s most recent collection.

“Clive Christian is the perfect fit for the Design Center because this area serves as a hub for the local design community,” said Casey Cummings, president of Ram. “It will add a unique, high-quality product to the marketplace.”

The Design Center of the Carolinas is a three-building complex totaling 188,146 square feet of showroom, studio and office space. The location is a focal point for the design community in the two Carolinas. It combines an innovative mix of facilities with resources and services catering to the greater design industry.

About Ram
Founded 30 years ago, Florida-based Ram pursues the acquisition, development, and redevelopment of commercial, multifamily and mixed-use real estate throughout the Southeast, with a focus on the major markets in Florida, Georgia and the Carolinas. Ram’s development pipeline now exceeds $750 million, to be funded through the recently launched Ram Realty Partners II. In addition to its development activity, Ram acquires existing assets and portfolios where it can add value. Ram has offices in Fort Lauderdale and Tampa, FL, Raleigh, NC, and Atlanta, GA, with its corporate office in Palm Beach Gardens, FL. For more information, visit www.ramrealestate.com.
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  • Mar
    11

Clive Christian, a Luxury Cabinet and Furniture Line, to Open a Showroom at the Design Center of the Carolinas

March 11, 2008

Clive Christian, a Luxury Cabinet and Furniture Line, to Open a Showroom at the Design Center of the Carolinas
March 11, 2008
FOR IMMEDIATE RELEASE

Contact:
Marichelli Heredia or Heidi Armstrong
Thorp & Company
305.446.2700
mheredia@thorpco.com
harmstrong@thorpco.com

Palm Beach Gardens, Fla., March 11, 2008 – Ram, a leader in real estate development and acquisitions, today announced that Clive Christian, a luxury European cabinetry and furniture line, will open its first North Carolina showroom at the Design Center of the Carolinas in Charlotte, N.C.

Located at 101 West Worthington Avenue in Charlotte, N.C., the Clive Christian showroom will offer a wide variety of made-to-order furniture. The company is best known for its unique and high-end classic style cabinetry and wall panels. It is the first Clive Christian showroom in the United States to feature the ultra-modern Alpha kitchen, part of Clive Christian’s most recent collection.

“Clive Christian is the perfect fit for the Design Center because this area serves as a hub for the local design community,” said Casey Cummings, president of Ram. “It will add a unique, high-quality product to the marketplace.”

The Design Center of the Carolinas is a three-building complex totaling 188,146 square feet of showroom, studio and office space. The location is a focal point for the design community in the two Carolinas. It combines an innovative mix of facilities with resources and services catering to the greater design industry.

About Ram
Founded 30 years ago, Florida-based Ram pursues the acquisition, development, and redevelopment of commercial, multifamily and mixed-use real estate throughout the Southeast, with a focus on the major markets in Florida, Georgia and the Carolinas. Ram’s development pipeline now exceeds $750 million, to be funded through the recently launched Ram Realty Partners II. In addition to its development activity, Ram acquires existing assets and portfolios where it can add value. Ram has offices in Fort Lauderdale and Tampa, FL, Raleigh, NC, and Atlanta, GA, with its corporate office in Palm Beach Gardens, FL. For more information, visit www.ramrealestate.com.
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  • Mar
    10

Clayeux, A High-End Children’s Boutique Opens at Ram’s Midtown in Palm Beach Gardens, Fla.

March 10, 2008

Clayeux, A High-End Children’s Boutique Opens at Ram’s Midtown in Palm Beach Gardens, Fla.
March 10, 2008
FOR IMMEDIATE RELEASE

Contact:
Marichelli Heredia or Heidi Armstrong
Thorp & Company
305.446.2700
mheredia@thorpco.com
harmstrong@thorpco.com

Palm Beach Gardens, Fla., March 10, 2008 – Ram, a leader in real estate development and acquisitions, today announced that Clayeux, a high-end European children’s boutique, has opened its first U.S. location at Midtown in Palm Beach Gardens, Fla.

Located on Main Street in Midtown, Clayeux offers French brand baby and children’s clothing from birth to 12 years old. The company, which has 200 boutiques worldwide, is best known for its exquisite knit outfits and colorful artistic designs.

“Midtown is the perfect venue for us because we were looking for a cozy and intimate shopping location that enabled shoppers to stroll along the sidewalks and visit all the retail stores and restaurants without the hassle of driving,” said Sylvain Thibault, the owner of Clayeux. “In addition, Palm Beach offers us the high-end clientele that we are looking for. We are very excited about opening our new store and making Midtown our new home.”

Midtown is a village-like, mixed-use community with all the convenience and style of urban living. The project consists of 225 luxury condominiums, 97,000 square feet of high-end retail, restaurant and office space, a 500-seat cultural center and a 300-seat banquet hall. It is located on PGA Boulevard between I-95 and the Florida Turnpike, offering easy access to the Palm Beach International Airport, downtown West Palm Beach and the beaches. Completion of the Residences at Midtown is expected to occur within the next few weeks.

Cammi Goldberg, commercial leasing manager with Ram, handled the transaction.
About Ram

Founded 30 years ago, Florida-based Ram pursues the acquisition, development, and redevelopment of commercial, multifamily and mixed-use real estate throughout the Southeast, with a focus on the major markets in Florida, Georgia and the Carolinas. Ram’s development pipeline now exceeds $750 million, to be funded through the recently launched Ram Realty Partners II. In addition to its development activity, Ram acquires existing assets and portfolios where it can add value. Ram has offices in Fort Lauderdale and Tampa, FL, Raleigh, NC, and Atlanta, GA, with its corporate office in Palm Beach Gardens, FL. For more information, visit www.ramrealestate.com.
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