September 22, 2017 8:22 PM ET

Real Estate Management and Development

Company Overview of Niederst Management, Ltd.

Company Overview

Niederst Management, Ltd. develops, operates, and manages real estate properties. The company was incorporated in 2005 and is based in Rocky River, Ohio.

P.O. Box 16685

Rocky River, OH 44116

United States

Founded in 2005

Phone:

440-331-8800

Fax:

440-331-8815

Key Executives for Niederst Management, Ltd.

Niederst Management, Ltd. does not have any Key Executives recorded.

Niederst Management, Ltd. Key Developments

NM Residential Plans to Invest a Total of $101 Million into Two Projects

NM Residential plans to invest a total of $101 million into two projects: The 272-unit Marden Ridge complex in Apopka and the 315-unit Maitland West community in Maitland. NM Residential has retained MMI Development Inc. as the developer for both projects. Projects that size would create at least 1,000 temporary construction jobs while also bringing new rental homes to support Central Florida's growing population. Construction is expected to start sometime this quarter. The project team for both developments includes GAI Consultants as the project engineer, Forum Architecture & Interior Design Inc. as the project engineer, Central Florida Strategies Inc. as the government consultant, and Walker & Co. as the general contractor. NM Residential's related MRAD Phase I LLC and MRAD Phase II LLC on Jan. 25 bought two parcels on Marden Road near the State Road 414/Maitland Boulevard extension in Apopka for a combined $9.7 million. The seller was Emerson Point Assoc. LLLP, an entity related to MMI Development. The $47 million Marden Ridge project has been in the planning stages since late 2014, as previously reported by Orlando Business Journal. The apartments got preliminary site plan approval from the city of Apopka last summer. The project also will include a new $6 million interchange on State Road 414 being built by the developer. Apopka and MMI Development finalized an agreement last September in which the city would contribute $2.5 million toward construction of the interchange, along with providing the developer with impact fee credits and tax abatement on a portion of the future growth in property taxes. The Central Florida Expressway Authority approved the interchange in October. Meanwhile, the $54 million Maitland West apartment complex on West Maitland Boulevard and near Forest City Road has been in the works since it was approved by the city last summer. NM Residential's related MWAD Phase I LLC and MWAD Phase II LLC on Sept. 25 spent a combined $13 million to buy the nearly 23-acre site in Maitland from MMI Development's related Maitland West LLLP.

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Recent Private Companies Transactions

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