The First Apartment That the Actor Anthony Rapp Bought Is for Sale

The First Apartment That the Actor Anthony Rapp Bought Is for Sale

Lengthy before the actor Anthony Rapp located achievement on Broadway in “Rent,” he was dwelling significantly the very same way as the battling East Village artists the hit musical portrayed. The imagined of owning a spot in Manhattan at the time appeared unrealistic.

But in the summer time of 1998 — two and a 50 percent years immediately after he was solid as the first guide in “Rent” — he experienced scraped with each other more than enough income for a down payment on a next-floor studio loft at 1 Bond Street in NoHo, a historic cast-iron condominium building in close proximity to Lafayette Street. The sale price was $375,000.

“It was a small out of my cost array, but I crunched the quantities and was ready to make it operate,” said Mr. Rapp, who was elevated in Joliet, Sick., and experienced been leasing due to the fact the early ’90s in an East Village wander-up with legions of roommates, including his brother, Adam Rapp, a playwright and novelist.

Credit rating…Nina Prommer/EPA, by way of Shutterstock

Shortly just after the NoHo buy, Mr. Rapp began what turned into a two-stage renovation long lasting numerous decades and costing, by his estimate, at the very least as considerably as he experienced paid for the unit. This incorporated redoing the kitchen and toilet and installing wraparound bookshelves of reclaimed wooden and scrap metal, among other personalized prospers. “I am very happy of the do the job I put into it,” he reported.

But Mr. Rapp outgrew his environs. He desired to start off a loved ones sometime with his fiancé, Ken Ithiphol, a particular and management mentor, and that referred to as for more space. He a short while ago uncovered it back in his outdated community. In mid-October, he and Mr. Ithiphol, alongside with their 3 cats and doggy, moved into a a few-bedroom, three-bathtub condominium they purchased in a new luxurious improvement in the East Village.

“It’s variety of a return to my earliest roots as an grownup,” Mr. Rapp explained. And their new place is not way too much from the New York Theater Workshop, possibly, the place “Rent” initially debuted in February 1996 right before landing on Broadway a couple of months later on. Mr. Rapp would go on to reprise his role as Mark Cohen, an aspiring filmmaker and the narrator, in the movie version.

The NoHo apartment is being mentioned for $1.95 million, according to Kristi Ambrosetti of Sotheby’s Global Realty, which is marketing and advertising the residence. The month to month carrying fees whole $1,607.

The property encompasses 1,250 sq. toes and has an L-formed configuration. A central foyer qualified prospects to a big open space at the southeast aspect, with spaces for lounging and eating, together with a kitchen, bathroom, laundry location and massive wander-in closet.

The kitchen area is outfitted with mahogany cupboards, granite countertops and significant-finish stainless-steel appliances. The roomy toilet options an initial claw-foot soaking tub and Ann Sacks clay tiles.

At the other stop of the apartment is a sleeping location and workplace room lined with handcrafted, floor-to-ceiling shelving made by Steven Royal, a mentioned set designer and director. There is also an art wall of scrap wood tiles crafted by the modern day artist Michelle Peterson-Albandoz.

One of Mr. Rapp’s most loved spots was the window seat in the place of work place, the place, he reported, he typically enjoyed a cup of tea and a good ebook — that is, when he wasn’t on tour or on locale filming. In addition to “Rent,” he has starred in the Broadway musical “You’re a Great Person, Charlie Brown.” He presently seems on the Television series “Star Trek: Discovery.”

During Mr. Rapp’s apartment are several unique architectural specifics, which includes wood floors of knotted pine, twice refinished 12.5-foot ceilings exposed pipes and columns and a tin ceiling that was identified by shock through renovations and partially salvaged. Oversized, factory-fashion windows search out on to the quaint cobblestone Bond Avenue.

“It’s really scarce to have an primary loft with so lots of of the specifics intact,” said Ms. Ambrosetti, the Sotheby’s agent, “and to be equipped to have a rental when there’s so a lot co-op merchandise in the location.”

The home is 1 of 19 units in the building, a.k.a. the Robbins & Appleton Constructing. It was erected in 1877 and made use of by the American Waltham View Organization to manufacture watch situations. The construction was additional to the Nationwide Sign up of Historic Places in 1982 and converted into condominiums in 1988.

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2 Orange apartment complexes pivoting to affordable workforce rents – Orange County Register

2 Orange apartment complexes pivoting to affordable workforce rents – Orange County Register

More workforce housing is coming to Orange County, this time to Orange.

Newport Beach-based Waterford Property Co., in partnership with California Statewide Community Development Authority, has bought two apartment complexes with 356 total units in Orange for $206 million.

The deal included Cameo, a 262-unit complex at 1055 W. Town and Country Road, for $149 million, and Garrison, a 94-unit complex at 1725 West Katella Ave. for $57.05 million.

Related: How a workforce rent program aims to plug ‘missing middle’ housing gap

The complexes will be converted to affordable housing for middle-income workers earning between $56,000 and $134,000.

Waterford, as administrator, and the CSDA will begin lowering rents for qualified new residents making between 60{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to 120{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of the area median income. The firm estimates an average rental savings of 12{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for qualified tenants.

“California has a housing crisis. Our nurses, teachers, librarians, first responders and civil servants earn too much to qualify for traditional affordable housing yet not enough to live in the communities they serve. This negatively impacts the state’s economy and leads to increased congestion, crime, pollution, poor student performance and social unrest,” said Sean Rawson, the co-founder of Waterford.

2 Orange apartment complexes pivoting to affordable workforce rents – Orange County Register
Newport Beach-based Waterford Property Co., in partnership with California Statewide Community Development Authority, has bought Cameo, a 262-unit complex at 1055 W. Town and Country Road, for $149 million. The complex will gradually be converted to workforce housing with reduced rent for qualifying tenants. (Courtesy of Waterford Property Co.)

The Orange City Council voted 7-0 on Aug. 10 to approve the acquisitions.

The Orange acquisitions mark Waterford’s seventh and eighth multifamily acquisitions in partnership with CSCDA. Waterford’s Essential Housing portfolio now totals 2,378 units and over $1.45 billion of tax-exempt bond issuances.

Orange County has six workforce housing projects already in use. Another project is being reviewed by the city of Costa Mesa. With the two Orange complexes, the county could soon have nine such housing projects altogether.

Under a new law signed Sept. 28 by Gov. Gavin Newsom, California cities and counties will be able to count these middle-income apartment conversions toward their affordable housing quotas.

Assembly Bill 787 is expected to incentivize local governments to adopt the affordable housing program more readily.

For the Cameo transaction, Joseph Smolen, Geoff Boler, and Lee Redmond of Eastdil Secured represented Waterford. The seller was Toll Brothers. For the Garrison transaction, Waterford was represented by Tom Moran of Berkadia. The seller was BMV Marble LLC.

Illinois-based CenterPoint Properties has bought a three-building industrial park at 2721 S. Harbor Blvd. in Santa Ana. The company declined to reveal what it paid for the complex. (Courtesy of CenterPoint Properties)

Trio of SA buildings sold to CenterPoint

Illinois-based CenterPoint Properties has bought a three-building industrial park at 2721 S. Harbor Blvd. in Santa Ana.

The company declined to reveal what it paid for the complex.

“The opportunity to acquire scale of quality product in an infill market like Orange County is extremely rare,” said Evan Lippow, CenterPoint Properties’ senior vice president of investments.

The distribution property has a combined 400,000 square feet on 20 acres.

Rob Socci from Voit Real Estate Services and John Griffin from Cushman & Wakefield brokered the transaction.

The 18.6-acre Euclid Industrial Park at the corner of Bickmore Avenue and Euclid Avenue will include a combined 360,000 square feet in eight warehouses ranging in size from 13,050 to 206,118 square feet. The complex will be fronted by six smaller industrial buildings along Euclid Avenue. Two larger buildings — 206,118 square feet and 49,640 square feet — will be along the rear of the site, Alere said. (Courtesy of Alere Property Group)

2 warehouse complexes underway in Chino

An array of new warehouses are coming to two complexes under construction in Chino.

Newport Beach-based Alere Property Group is developing the sites, Euclid Industrial Park and Chino Commerce Park, which should be complete by 2022.

The 18.6-acre Euclid Industrial Park at the corner of Bickmore Avenue and Euclid Avenue will include a combined 360,000 square feet in eight warehouses ranging in size from 13,050 to 206,118 square feet. The complex will be fronted by six smaller industrial buildings along Euclid Avenue. Two larger buildings — 206,118 square feet and 49,640 square feet — will be along the rear of the site, Alere said.

Wall tilt-up is slated for October with overall construction complete by late-summer 2022.

The 13-acre Chino Commerce Park at the corner of East End Avenue and County Road will have four buildings in 266,348 square feet. It will be anchored by a 210,747-square-foot distribution warehouse. The other buildings will range in size from 15,104 to 25,177 square feet. Slabs have been poured and the project should be done by May, the firm said. (Renderings courtesy of Alere Property Group)

The 13-acre Chino Commerce Park at the corner of East End Avenue and County Road will have four buildings in 266,348 square feet. It will be anchored by a 210,747-square-foot distribution warehouse. The other buildings will range in size from 15,104 to 25,177 square feet. Slabs have been poured and the project should be done by May, the firm said.

Alere, which owns 20 million square feet of industrial facilities in the Inland Empire, is also working on a 211,000-square-foot industrial warehouse 656 S. Cucamonga Avenue in Ontario and a 150,000-square foot warehouse in Fontana.

The Koll Co. in Irvine bought the 175,818-square-foot AmPac Industrial Park in Henderson, Nevada, in 2019 for $21.2 million and sold it recently for more than $42 million. The complex has 41 tenants. (Courtesy of The Koll Co.)

Koll makes a killing in 2 Southwest sales

The Koll Co. in Irvine has sold two industrial parks in Nevada and Arizona for nearly twice what the firm originally paid.

The firm bought the 175,818-square-foot AmPac Industrial Park in Henderson, Nevada, in 2019 for $21.2 million and sold it for more than $42 million. The complex has 41 tenants.

The Koll Co. in Irvine has sold bought the 58,000-square-foot Broadway Industrial Park in 2019 in Tempe, Ariz., for $7.47 million and sold it for more than $13 million. The property has two tenants. (Courtesy of The Koll Co.)

In Tempe, Arizona, Koll bought the 58,000-square-foot Broadway Industrial Park in 2019 for $7.47 million and sold it for more than $13 million. The property has two tenants.

“What made these deals possible is the combination of implementing our in-house management expertise, strategic capital improvements and market knowledge of the leasing teams we partnered with for each property,” said Scott Meserve, a principal at The Koll Co.

CBRE, Darla Longo and Rebecca Perlmutter, partnered with Koll to sell the AmPac property.

For the sale of Broadway Industrial Park, Koll partnered with Cushman & Wakefield, Will Strong and Phil Haenel.

Real estate transactions, leases and new projects, industry hires, new ventures and upcoming events are compiled from press releases by contributing writer Karen Levin. Submit items and high-resolution photos via email to Business Editor Samantha Gowen at sgowen@scng.com. Please allow at least a week for publication. All items are subject to editing for clarity and length.