Recent News

  • Aug
    14

Can Chapel Hill force developers to build more stores, offices, in Blue Hill district?

August 14, 2018

@TammyGrubb

Despite the town’s efforts, residents and shoppers may not see more offices and stores built any time soon in the Blue Hill District.

The district has generated a smattering of retail in four years, over 1,000 apartments and concerns about whether the redevelopment experiment is working.

Projects in the district — located along East Franklin Street and Fordham Boulevard — are built according to a form-based code that streamlines the town approval process and is supposed to create predictable results.

The goal is to transform a suburban, car-centric commercial district into an urban, walkable community of apartments, shops and offices that provides the town with more property and sales taxes.

While supporters say that is happening, critics see rising rents closing local businesses, and multistory apartment buildings towering over single-story shopping centers. There are no new offices, and some new retail spaces are vacant. There’s a fear that development will worsen traffic and flooding, and add to the cost of providing town services.

David Adams, with the citizens group Chapel Hill Alliance for a Livable Town, noted that most of the town’s tax burden — at least 80 percent — falls on homeowners.

Expectations that the Blue Hill District would help shift the tax burden have not panned out, he said. Instead of 60 percent residential and 40 percent nonresidential construction, as predicted, new construction has been over 95 percent residential, he said.

“If council does not act, new construction will continue to be almost exclusively residential, exacerbating the very problem that the Blue Hill redevelopment was meant to help remedy,” Adams said.

While town staff didn’t expect the 60/40 split for 20 years, some Town Council members have shared similar frustrations with the pace of development, pushing this spring for a way to get more commercial projects.

“I don’t want to discourage development, but I think that if we have to wait a little bit longer to get what we really want, then that‘s OK with me, too,” council member Jessica Anderson said. “If all this gets filled up with residential, we won’t build office because there won’t be any space for it.”

Commercial required

The council first considered restricting six lots in the district to only commercial development. Their owners protested, and the council approved new rules for the entire district in June:

▪ Every development must include at least 10 percent commercial space, whether it’s one or multiple buildings

▪ Over 10 percent commercial space triggers an incentive that gives developers more square footage on the upper stories

While buildings still can abut the sidewalk, the incentive increases from 10 feet to 20 feet how far back upper stories must be from the building’s edge.

The 10 percent commercial requirement likely would have killed the Berkshire Chapel Hill project, said Ben Perry, with developer East West Partners. The district’s first and only mixed-use building, near Whole Foods, has 266 apartments and 15,250 square feet, or 5 percent, commercial space About half of the storefronts are vacant, leasing documents show.

That’s less overall commercial space than mixed-use buildings offer downtown. Online listings show 140 West, which opened with 7 percent commercial in 2014, is 47 percent vacant. Greenbridge, which opened in 2010, has 17 percent commercial and is nearly full.

Carolina Square is the anomaly, with roughly 41 percent commercial space leased across three buildings. Carolina Square, located at 123 W. Franklin St., benefits from its connection to UNC, noted Ben Hitchings, the town’s director of development and planning services.

‘A lot going on’

Dwight Bassett, the town’s economic development director, said what’s happening in the Blue Hill District is typical. Office space must be leased before construction in most cases, and retail needs a large customer base living nearby. By adding more apartments, Bassett said, the district can attract more retail and restaurants, which drives demand for places within walking distance to live and work.

Developers agree, including Perry, who said the district may have enough apartments to meet demand for a couple of years. It’s not just housing for people who already live here, economic and development official said. David Klepser, development director with Ram Realty Advisors, noted the more urban-style apartments, like at the new Fordham Apartments, also attract people who never thought about living in Chapel Hill before.

“I think that the residential in the Blue Hill District will certainly help the district … because it’s just been kind of this retail destination,” Klepser said. “Now when you can live there and walk to restaurants and the stuff we’re doing at Elliott Square and the stuff that Federal’s doing at [Eastgate]. I think there’s a lot going on there.”

Elliott Square, located across from Burger King on South Elliott Road, is being renovated now and adding new tenants, including Burn Boot Camp, Noire Nail Bar and Haw River Grill. Klepser said they don’t expect the 10 percent commercial requirement to cause issues if the shopping center is redeveloped in the future.

Elliott Square and the entire Blue Hill District can benefit from its unique character, noted Ashley Saulpaugh, Ram Realty investment director.

“Chapel Hill’s an anomaly in that small, local boutiques, which probably wouldn’t survive in most other markets, do well here because of the incomes in Chapel Hill and the mindset of Chapel Hill residents that really do a good job of supporting the local businesses,” he said.

The requirement could create a short-term problem, however, where commercial isn’t a natural fit or would be isolated, Klepser said.

Decision questioned

Crowell and Daphne Little, who own the Staples building and the strip mall behind Whole Foods, said they do see potentially negative effects on their property from the 10 percent requirement.

The couple didn’t name the developer but said they’ve signed a mixed-use contract for the narrow five-acre lot that could keep the Staples store, even though its owner plans to downsize.

“What we do know: Brick and mortar is still in flux,” she said. “Is mandating a percentage of commercial the best decision? Telecommuting is revolutionizing workspace. Is it wise to require traditional office space? We want to ensure that our parcel remains productive for this community and for ourselves.”

Ephesus Church Road landowner Wes Pope also has concerns. While his family is in a long-term lease with University Ford, the town’s requirement could create problems when it’s time to redevelop, he told the council.

“A lot of properties like ours are not that walkable. I just don’t see retail being successful on the east side of [Fordham Boulevard],” Pope said. “Redeveloping is expensive, and when you put the restrictions on there for commercial and office, I think it may be cost-prohibitive.”

He also questioned potential offices, noting vacancies at the nearby Europa Center, where about 47,000 square feet is waiting to lease.

That space, like much of Chapel Hill’s office market, serves smaller companies, Bassett said. The town averages a 10 percent vacancy rate and hasn’t built many new or larger offices since 2008, he said, so midsize and larger companies look to surrounding counties.

Colliers International reports the Triangle had roughly 68.4 million square feet of office space in 2017, and another 2.6 million square feet under construction. About 3 million square feet was in Orange County, compared with 8.8 million in Cary, 24 million in Durham and roughly 30 million across the rest of Wake County, the report shows.

Chapel Hill is starting to catch up, Bassett said, noting new offices planned at Glen Lennox and Carraway Village, and redevelopment options in the Blue Hill District, from the former Holiday Inn to Europa Center and Elliott Square. A permit application submitted last week would add a three-story office building at the Hong Kong restaurant/Quality Inn site in Blue Hill.

Long-term vision

But change will take time, in particular, because Chapel Hill pushed commercial away for so many years, Perry said.

“I’m not going to say that office buildings can’t or won’t be built in Blue Hill,” Perry said. “It’s just you’re not going to suddenly see 500,000 square feet of new offices pop up overnight regardless of what the regulations are.”

An initial forecast had the Blue Hill District adding more apartments in the first four years, with retail and office growth in 2024 or later. The anticipated increase in property values, totaling $263 million in 2017, also beat projections, the Chapel Hill-Carrboro Chamber of Commerce reported.

Donna Bell, the last seated council member who voted for the district, said more people are walking in Blue Hill now, and more shops and restaurants have opened to serve them.

“We are at year four of a 20-year build out. It’s like wanting your 4-year-old to be able to drive,” Bell said. “We are really early on to start talking about how out of balance we are.”

In four years

The Blue Hill District has added about 33,361 square feet of retail since 2014 but lost roughly 28,000 square feet of service station, hotel and restaurant space. No office projects have been built.

That’s out of line with the town’s forecast for the first four years, which anticipated roughly 30,000 square feet of retail and 200,000 square feet of hotel space.

The four-year forecast also predicted 1,000 new apartments. That’s been exceeded, with more than 1,800 now approved, planned or built.

 

Read the original story here.

  • Aug
    9

City of Oldsmar Wins Inaugural Award for Superior Transit Access

August 9, 2018

Woodland-Square-11418 (002)_Page_07

OLDSMAR, FL – (August 8, 2018) – During the August 7, 2018 Oldsmar City Council meeting, Mayor Doug Bevis, on behalf of City Council, accepted the Superior Transit Access Recognition (STAR) Award from the Pinellas Suncoast Transit Authority (PSTA) for improved transit access during the redevelopment of Woodlands Square Shopping Center. Oldsmar is the inaugural recipient of PSTA’s STAR award.

 
Ram Realty Advisors, offices in Palm Beach Gardens, and Oldsmar were recognized for their efforts in creating an accessible crosswalk across Curlew Road that keeps pedestrians and bicyclists safe when traveling into the shopping center.

 
“The City wants all people to move freely and safely, including citizens using transit, people with disabilities, pedestrians and cyclists. Demonstrating the support, we recently adopted a comprehensive multi-modal transportation plan,” said Mayor Bevis. “Through the development agreement for the renovation of the center, the City requested enhanced pedestrian access. You don’t realize how scary it can be until you try to traverse a parking lot with cars and trucks and everything else.”

 
The STAR Award designation was developed by PSTA’s Transit Riders Advisory Committee (TRAC) to recognize the efforts of public and private organizations that have made a significant effort to provide safer and better-planned access for public transit riders in Pinellas County.

 
“The City of Oldsmar and their staff were proactive with the requirement for us to provide pedestrian connectivity to not only within the shopping center development but also adjacent road sidewalks, Oldsmar Sports Complex and adjacent residential community,” said Mark Van Dyke, Director of Development for Ram.

 
“The point of the STAR program is to make everyone aware of the importance of having pedestrian, bicycle, and non-driver safety as part of the decision-making process as centers are built and being redeveloped,” said PSTA TRAC Chair Gloria Lepik Corrigan.

 
“This is a shining example of the impact we can have on people’s lives when we work together as a community,” said PSTA CEO Brad Miller. “Mayor Bevis and the city of Oldsmar have absolutely set a new standard of transit accessibility, and we are hopeful to see other cities and municipalities follow suit.”

 
To discover the background on this inaugural Award, visit https://youtu.be/lLzdxChknh8

 
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Media Contact:
Debb Pauley Vitraelli – Marketing Specialist (813) 749-1140 dpauley@myoldsmar.com

  • Jul
    27

Rhino Market joins Free Range Brewing at Ram’s new mixed-use project, The Collective.

July 27, 2018

20170821_noda27_eyelevel

(Charlotte, NC – July 24, 2018) – Rhino Market has signed a lease to take approximately 3,000 SF of retail space at The Collective, a new mixed-use project being developed by Ram Realty Advisors.  This will be the third location for Rhino and a stimulating addition to the area.  Located adjacent to the NoDa and Villa Heights neighborhoods, The Collective is comprised of a 3.6-acre parcel at 2300 North Davidson Street in Charlotte, NC.  Ram is under construction on a major redevelopment of the site that includes the renovation of the existing commercial building (to be complete in early 2019) and the addition of a new 250-unit multifamily residential community.  Ram is excited to have Rhino Market join Free Range Brewing as part of the project, providing a valued amenity to our future residents and surrounding neighborhoods.

“The goal for the commercial building is to create a design that tied together the old and the new, making sure we retained the character of the warehouse building and of the neighborhood,” says David Klepser, Ram’s lead developer on the deal.

The Collective, under development now, is slated for residential occupancy in spring of 2019 with retail joining earlier that year.  The five-story midrise will include 250 luxury studio, one, two and three-bedroom apartments as well as 2,000 square feet of additional retail space.  Complete with modern Class-A finishes and a full suite of amenities – including a gated parking garage, pool & outdoor lounge, pet wash station, record lounge, 24-hour fitness center with yoga studio, bike room and a makers space for DIY projects – the community is designed to appeal to NoDa’s eclectic renter.

“Our goal is to build a unique and attractive community that complements the vibrant character of the neighborhood,” commented David Klepser.  “We’re using distinguishing architectural styles, industrial-modern finishes, and blending the new development with the existing commercial building.  We want to create a complete live-work-play community that feels at home in the neighborhood.”

The development’s primary draw is its location, located less than two blocks from the 25th Street Station, part of the 9.3-mile Lynx Blue Line expansion.  Residents will enjoy a convenient gateway to Uptown, South End and the University area.  The community is also within walking distance to NoDa’s diverse collection of restaurants, galleries, and entertainment, as well as Cordelia Park and the Little Sugar Creek Greenway, a 19-mile trail that links NoDa to Uptown, Midtown, and Park Road/Montford.

The Collective project team includes partner Citisculpt, lender JPMorgan, architects BSB Design and 505Design, civil engineer LandDesign, interior designer SouthPark Interiors, general contractor VCC USA, property manager 5/ten Management, and commercial leasing broker Foundry Commercial.

About RAM

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail and multifamily residential properties in select high-growth markets in the Southeast. The company capitalizes investments with Ram-sponsored discretionary private equity funds, and periodically institutional joint ventures. Since 1996, the company has deployed in excess of $2.5 billion of capital. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale, Florida; Charlotte, North Carolina; and Durham, North Carolina.

 

 

MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
ko@alchemycommgroup.com
office: 561.935.9953 x. 101
mobile: 561.222.4958

  • Jul
    27

Construction Begins on Hub South End, the Latest Mixed-Use Development from Ram Realty Advisors

July 27, 2018

Hub South End

(Charlotte, NC – July 26, 2018) – A highly anticipated multifamily mixed-use development recently started construction in Charlotte’s historic South End, bringing a street-activating concept to the currently underutilized corner at Dunavant and Hawkins Streets Slated for occupancy in spring of 2020, Hub South End includes 265 apartments – 29 of them two-story, street-level “townhome” designs — and over 22,000 square feet of new commercial retail, office, and co-working space, all with expanded sidewalks and porch areas to bring more energy to the public realm.

“Ram’s goal is to activate life at the street level,” says Rachel Russell Krenz, Ram Realty Advisor’s Director of Real Estate Development. “Hub South End will add a mixed-use development to what is currently a space poised for the changes that have been seen in the rest of South End, with careful attention to connecting all users of the future property to the dynamic neighborhood.”

The community is developed by Ram on an empty four-acre parcel in a neighborhood bustling with shops, breweries, art, restaurants, and entertainment.  From Hub South End, residents have direct access to the Lynx light rail, a short commute to the Charlotte Douglas International airport, and quick access to major highways.  Plus, Hub is less than two miles from uptown and its city nightlife, Bank of America Stadium, BB&T Ballpark, and more.

Ram has close to a decade of history in South End. The firm made a commitment to it by both placing a regional office there and investing in the strategic development of the area. Hub South End is another example of Ram’s belief in this vibrant neighborhood.

Ram, celebrating its 40th anniversary this year, is well-known for creating developments that offer a carefree-yet-sophisticated lifestyle. Its vision for Hub South End is a thoughtful design concept that allows residents to live in luxe brand-new apartments, work in private and shared co-working offices, and play in community spaces or simply enjoy the local flavor and nearby entertainment. The building includes studio, one-, two-, and three-bedroom apartments with the aforementioned handful of two-story floorplans with street- level entries.

The adjoining commercial space – significant in size when compared to other multifamily anchored mixed-use projects – is in addition to the professional co-working space within Hub South End’s multi-purpose Clubhouse.  Ram efficiently accommodates its residents’ ever-evolving work-life balance by providing ultra-convenience.

“The mixed-use asset allows Ram to leverage its decades of dual expertise in multifamily and retail, and to continue the work begun more than a decade ago when we committed to purchasing Design Center and participate in South End’s success.  Our office remains located in South End and we will be part of the community for the long term,” said Ms. Krenz. “The strategic partnership with Foundry Commercial on the office and retail leasing ensures quality tenants and continues Ram’s commitment to this up-and-coming destination.”

The Hub South End team includes partner Faison Associates, lender PNC Bank, architect Cline Design Associates, civil engineer and landscape architect McAdams, general contractor Concorde Construction, property manager 5/ten Management, and leasing broker Foundry Commercial.

 

ABOUT RAM

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail and residential properties in select high-growth markets in the Southeast. The company capitalizes investments with Ram-sponsored discretionary private equity funds, and periodically institutional joint ventures. Since 1996, the company has deployed in excess of $2.5 billion of capital. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale, Florida; Charlotte, North Carolina; and Durham, North Carolina.

 

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MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
ko@alchemycommgroup.com
office: 561.935.9953 x. 101
mobile: 561.222.4958

  • Jun
    11

Organic Grocer Opens its First South Florida Outpost

June 11, 2018

Earth Fare opened May 30 in Palm Beach Gardens. It was its first South Florida location. BRADLEE HICKS

Earth Fare opened May 30 in Palm Beach Gardens. It was its first South Florida location.
BRADLEE HICKS

 

By   – Digital Producer, South Florida Business Journal

Organic and specialty foods grocery store Earth Fare has opened in Palm Beach Gardens. The 24,000-square-foot outpost, at 4925 PGA Blvd. in the Mainstreet at Midtown Shopping Center, is the chain’s first Southeast Florida location.

Earth Fare broke ground in January on another store that’s now under construction at The Cobblestone Plaza in Boynton Beach.

Representatives of Earth Fare did not comment on when the Boynton Beach location could open for business.

About 130 people are hired to staff each location.

Established in 1975, the brand has more than 40 locations across the U.S. It offers more than 750 private brand food products that are all non-GMO.

The Palm Beach Gardens location has a juice bar, salad bar, hot foods bar, pizza station, sandwich counter and packaged meals-on-the-go. Its cafe has free Wi-Fi.

With its entrance into the tri-county area, Earth Fare is penetrating a fiercely competitive market for grocers. Specialty and organic brands such as Trader Joe’s, The Fresh Market, Whole Foods Market – in addition to mainstream chains like Publix Super Markets, Walmart Neighborhood Market and Aldi – are all competing for a share of South Florida’s diverse and heavily populated neighborhoods. Sprouts Farmers Market, another natural and organic grocer, also recently announced plans to expand in South Florida.

Read the full article and related news on the South Florida Business Journal’s site: https://www.bizjournals.com/southflorida/news/2018/06/11/earth-fare-opens-in-palm-beach-gardens.html?ana=e_ae_set1&s=article_du&ed=2018-06-11&u=tNgEsq%2FdRidl0%2FhEeqTchw0b5520a9&t=1528745103&j=82082451 

  • May
    31

Everything You Need to Know About the New Gardens Grocery Store

May 31, 2018

Earth Fare, a new grocery store on PGA Boulevard west of Military Trail, opens 7 a.m. Wednesday, May 30. The North Carolina-based grocery chain bans certain ingredients such as high fructose corn syrup, artificial colors and flavors and artificial fats. It carries some local coffee brands, such as Pumphouse and Oceana. (Sarah Peters/The Palm Beach Post)

Earth Fare, a new grocery store on PGA Boulevard west of Military Trail, opens 7 a.m. Wednesday, May 30. The North Carolina-based grocery chain bans certain ingredients such as high fructose corn syrup, artificial colors and flavors and artificial fats. It carries some local coffee brands, such as Pumphouse and Oceana. (Sarah Peters/The Palm Beach Post)

By Sarah Peters – Palm Beach Post Staff Writer

A small but growing North Carolina-based grocery chain that bans high fructose corn syrup, artificial fats and similar ingredients will open its first Palm Beach County store on PGA Boulevard Wednesday.

Earth Fare will open 7 a.m. in the Mainstreet at Midtown development just west of Military Trail. The first 500 shoppers will get gift cards for $5 and up, and one winner will get a $1,000 card. The celebration starts 6:45 a.m.

There will be a DJ, free coffee from Counter Culture and an apple giveaway from Allamanda Elementary School Principal Marilu Garcia, along with demonstrations and samples.

The first Earth Fare started in 1975 as a one-room shop in Asheville, North Carolina, known as “Dinner for the Earth,” the idea being that food grown in an ecologically-friendly way is good for Earth, spokeswoman Laurie Aker said.

The name changed to Earth Fare, and the store began opening other locations in the 1990s.

The 24,000-square-foot Palm Beach Gardens store will be Earth Fare’s 44th location and the ninth in Florida, Aker said. The chain spans 10 states, from Michigan to Florida.

Earth Fare CEO Frank Scorpiniti wouldn’t go into specifics on future plans for stores in Palm Beach County, but during an interview with The Palm Beach Post, he said there are several more planned in South Florida.

“This is a very vibrant community. We think consumers here are looking for the cleanest food to feed themselves and their families,” Scorpiniti said of the Palm Beach Gardens area. “There’s a lot of hustle here, a pretty dense population. This convenience helps them out quite a lot.”

A 25-member community advisory board of parents, city officials and medical professionals met before the store opening to help choose the selection of dairy products, grass-fed meat, seafood, produce and prepared food that will be available.

“That really helps us set the table,” Scorpiniti said.

The brand’s “boot list” of banned ingredients includes added hormones, antibiotics, artificial fats/transfats, high fructose corn syrup, artificial sweeteners, artificial preservatives, bleached or bromated flour and artificial colors or flavors. Even the red velvet cake in the bakery is made with beet juice instead of artificial coloring, Aker said.

There’s an emphasis on local products — local meaning from within 150 miles or less. Bags of Pumphouse and Oceana Coffee are on the shelves, and Funky Buddha beer is in the coolers.

Earth Fare has a partnership with Inland Seafood to get fresh fish, Aker said. The beef is grass-fed, and the sausage is made by hand.

An on-site wellness specialist is available to advise customers on everything from vitamins to makeup. All of the wellness and beauty products are cruelty-free, and some are vegan-friendly.

In its Heirloom Organic Cafe and Juice Bar, Earth Fare says it uses organic fruits, veggies and juices, with no sugar added.

In February, the company announced that it would remove genetically-modified organisms from its Earth Fare brand products.

Does Earth Fare’s approach mean the products are out of a thrifty shopper’s price range?

“There’s truly a little something for everyone’s budget and goals,” Aker said. “It’s all about making healthy eating affordable and accessible.”


RELATED: What is Earth Fare, the giant new store opening in Gardens?

RELATED: New Gardens townhouses on PGA will be priced in high $400,000s and up

  • May
    31

Sprouts Plans Durham Opening Date

May 31, 2018

SSprouts opening in Durham By   – Staff Writer, Triangle Business Journal

Construction is progressing at a new Sprouts Farmers Market in south Durham, setting up the grocer to open this summer.

The Phoenix-based company has announced an opening date of Aug. 22 for its newest location. In the meantime, the company is on the hunt for employees. The grocer is looking to hire about 140 full- and part-time workers before its opening.

The new location, in the shell of a former Harris Teeter at 105 West Highway 54, is the company’s fourth in North Carolina. The first opened on Falls of Neuse Road in north Raleigh last year. Since then, two more stores have opened in Charlotte and Fayetteville.

The south Durham Sprouts store will total 30,000 square feet, which is a smaller-than-typical footprint that representative Kalia Pang says is part of the store’s strategy.

The grocer’s trademark layout concept is to set produce in the center of the store. “That’s the main traffic driver that we’re known for,” Pang says.

The concept will be employed at the south Durham store. The company has been eyeing expansion in the Triangle because of growing interest in fresh and organic produce in the area, Pang says.

The grocer offers regular and organic fruits and vegetables at a price range that is 20 percent to 25 percent below average, Pang says. She attributes the price reduction to the company’s long-standing relationship with its produce providers and its high volume of sales.

Sprouts is the latest grocer to make inroads in the Triangle. Publix, Wegmans and Aldi have all been seeking to enter and expand in the market in recent years.

Read the entire story and view the slideshow here: https://www.bizjournals.com/triangle/news/2018/05/29/sprouts-plans-durham-opening-date.html?ana=e_ae_set4&s=article_du&ed=2018-05-30&u=bDc2yLp2gk5tgmJVY0asZA069e2813&t=1527719229&j=81865361 

  • May
    11

Hunter Halten Joins Ram Realty Advisors in Fort Lauderdale Office

May 11, 2018

 

May 11, 2018

Hunter Halten, Ram Realty AdvisorsFort Lauderdale, FL – Ram Realty Advisors, a leading developer and real estate investment manager focused in the Southeast, is pleased to announce a key new hire: Hunter Halten joined the firm’s Fort Lauderdale office as Director of Development.  Hunter comes to Ram with over 10 years of design and development experience, and moving forward will direct development of multifamily and mixed-use projects in South Florida.  He will report to Hugo Pacanins.

“South Florida’s growth has opened doors to exciting opportunities, to which Ram’s impressive and varied pipeline of Class-A projects is testament’” said Hunter. “Institutional investors trust Ram to deliver exceptional assets, and I’m honored to join the team.”

In his 10 years in the industry, Hunter amassed a wide range of valuable experience.  After earning a Bachelor’s Degree in Civil Engineering from Duke University, and a Master’s Degree in Real Estate Development & Urbanism from the University of Miami, Hunter joined Odebrecht USA, where he managed a public-private partnership with Miami International Airport.  Most recently, Hunter was a valuable member of AHS Residential, where he led the development of nearly 2,000 multifamily units in projects throughout South Florida.

“We’re committed to growing our multifamily and mixed-use portfolio throughout the Southeast US and I believe that Hunter has the perfect combination of experience, knowledge, and relationships to lead that effort,” said Hugo Pacanins, Managing Director, Residential Development at Ram. “Hunter has a strong track record across all aspects of Ram’s business, as well as a strong working knowledge in the markets where we are active. We’re pleased to have him on our team.”

 

ABOUT RAM

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail, multifamily, and mixed-use properties in select high-growth markets in the Southeast. The company capitalizes investments primarily with Ram-sponsored discretionary private equity funds. Since 1996, the company has deployed in excess of $2.5 billion of capital. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale, Florida; Charlotte, North Carolina; and Durham, North Carolina.

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MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
ko@alchemycommgroup.com
office: 561.935.9953 x. 101
mobile: 561.222.4958

  • May
    2

Laura Marquez Joins Ram Realty Advisors in Palm Beach Gardens, FL Headquarters

May 2, 2018

May 2, 2018

Laura Marquez, Ram Realty AdvisorsPalm Beach Gardens, FL – Ram Realty Advisors, a leading developer and real estate investment manager focused in the Southeast, is pleased to announce a key new hire: Laura Marquez joined the firm’s Palm Beach Gardens headquarters as Fund Controller. Laura comes to Ram with over 10 years of experience and, moving forward will lead the Fund Accounting team in its multiple accounting and reporting functions. She will report to Brianna Ellis.

“Through the years, RAM has demonstrated strong leadership, values, and growth, and I am excited to join such a high caliber team and provide my support and industry knowledge as the company continues to grow and evolve,” said Laura.

Over the last decade in the real estate industry, Laura amassed a wide range of valuable experience. After earning a Bachelor of Science in Business Administration, with a major in Accounting, from the University of Puerto Rico, Laura joined Estefan Enterprises Inc., a music and television production, hospitality, and property management company located in Miami, FL. In 2013, Laura earned a Master’s Degree in Forensic Accounting from Florida Atlantic University and shortly after became a Certified Public Accountant in the State of Florida. Most recently, for the last five years Laura was a valuable member of Rialto Capital Management, a prominent real estate investment company, where she was responsible for managing multiple accounting and reporting aspects of various real estate investment funds with aggregate assets under management of over $1 billion.

“As Ram continues to grow its real estate portfolio throughout the Southeast US, Laura brings a great skill set and the perfect combination of experience, knowledge, and relationships to bolster that effort,” said Brianna Ellis, Ram’s Fund Controller. “Laura will work closely with me and the Fund Accounting team to provide exceptional accounting and reporting to the partners in our real estate investment funds. We are really excited to have Laura on the team.”

 

ABOUT RAM

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail, multifamily, and mixed-use properties in select high-growth markets in the Southeast. The company capitalizes investments primarily with Ram-sponsored discretionary private equity funds. Since 1996, the company has deployed in excess of $2.5 billion of capital. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale, Florida; Charlotte, North Carolina; and Durham, North Carolina.

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MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
ko@alchemycommgroup.com
office: 561.935.9953 x. 101
mobile: 561.222.4958

  • Apr
    27

Andrew Steffens Joins Ram Realty Advisors to Head New Nashville, TN Office

April 27, 2018

April 27, 2018

Andrew Steffens, Ram Realty AdvisorsNashville, TN – Ram Realty Advisors, a leading developer and real estate investment manager throughout the Southeast, is pleased to announce a key new hire: Andrew Steffens joined the firm’s new Nashville office as Regional Director of Investments. Andrew comes to Ram with over eight years of industry experience and, moving forward will lead its Southeast Division in the development and acquisition of multifamily and retail opportunities.

“I am excited to join Ram Realty Advisors,” said Andrew. “While Ram has been targeting investment opportunities in the area for some time, I am eager to bolster its presence not only in Nashville, but the entire southeast.  Additionally, I am looking forward to expanding my development experience into new asset classes to better respond to market demands.”

During his years in the real estate industry, Andrew amassed a wide range of valuable experience. After earning an MBA from Vanderbilt University with a focus in finance and real estate, Andrew spent three years with Citibank in its debt department.  Andrew later joined a prominent national developer in 2013, where he developed over $200 million in Class A multifamily assets in Nashville’s urban core. In 2017, one of those assets under his leadership won “Amenity of the Year” from Multifamily Executive Magazine.

“We’re committed to growing our portfolio throughout the Southeast U.S. and I believe that Andrew brings the perfect combination of experience, knowledge, and relationships to lead that effort,” said Jim Stine, Ram’s President. “Andrew has a very strong track record in Nashville, as well as a solid working knowledge in the other markets where we are active. We’re pleased to have him on our team.”

ABOUT RAM

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail and residential properties in select high-growth markets in the Southeast. The company capitalizes investments with Ram-sponsored discretionary private equity funds, and periodically institutional joint ventures. Since 1996, the company has deployed in excess of $2.5 billion of capital. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale, Florida; Charlotte, North Carolina; and Durham, North Carolina.

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MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
ko@alchemycommgroup.com
office: 561.935.9953 x. 101
mobile: 561.222.4958