Development: Page 2

  • A rendering of a mid-rise apartment building.
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    Permission granted by Hartz Mountain Industries
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    PROJECT SPOTLIGHT

    Hoboken Point caters to NYC-area ‘hybrid’ professionals

    The Weehawken, New Jersey, property that will be managed by Greystar includes a 5,200-square-foot coworking center.

    By • March 12, 2024
  • Light colored, detached home with sidewalk, driveway and grass in the foreground.
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    Permission granted by Shoreham Capital
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    Shoreham Capital sells SFR community near Orlando, Florida

    The developer went under contract over two years ago with a state pension fund for the 175-home community.

    By • March 12, 2024
  • The United States, Capitol Dome background in retro style Explore the Trendline➔
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    YayaErnst via Getty Images
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    Trendline

    Multifamily Legislation

    Apartment pros are keeping an eye on potential regulations such as the Choice in Affordable Housing Act, the YIMBY Act and state and local rent control measures.

    By Multifamily Dive staff
  • A lobby with a bar.
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    Permission granted by Baker Barrios Architects
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    PROJECT SPOTLIGHT

    New Florida apartment designed as a ‘neighborhood social hub’

    Society Orlando’s common areas include a 50,000-square-foot pool deck and a lobby with a public bar.

    By • March 7, 2024
  • Apartment building under construction surrounded by high rises.
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    Joe Raedle via Getty Images
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    Multifamily developer confidence remains negative

    Tight lending standards and high loan costs have put pressure on the industry.

    By • March 4, 2024
  • A rendering of an apartment property.
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    Permission granted by Landmark Properties
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    DEALS + STARTS

    Landmark breaks ground on 1,286 beds near University of Southern California

    The Standard at Los Angeles is the developer’s second student housing project in the city.

    By • March 1, 2024
  • A high-rise condo building.
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    Permission granted by Structured Development
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    PROJECT SPOTLIGHT

    Structured Development completes multiphase project in Chicago’s Lincoln Park

    Wendelin Park encompasses three types of properties: co-living, affordable-rate for-sale condos and market-rate rentals.

    By • March 1, 2024
  • Multi-colored, modern mid-rise apartments.
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    Permission granted by JPI
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    Deals + Starts: February 2024

    Fifield, Universe Holdings, Moinian Group, JPI and others were in the news this month.

    By Multifamily Dive Staff • March 1, 2024
  • Wall Street sign in the financial district of New York City.
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    JaysonPhotography via Getty Images
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    REIT Report

    MAA sees new lease pricing improve after 7% fall

    The REIT’s blended pricing rose 130 basis points in January, and the firm expects fundamentals to improve as the year plays out.

    By • Feb. 26, 2024
  • Construction framing of wood building.
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    ribeirorocha via Getty Images
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    Apartment starts fall 38%

    Developers completed 538,000 units during January, a 53.7% YOY jump.

    By • Feb. 22, 2024
  • A rendering of a streetscape with The Field Residences written on one of the buildings.
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    Courtesy of Riverside Investment & Development
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    5 of the largest office conversions underway across the US

    Over 55,000 residential units are in the pipeline, concentrated in major metros.

    By • Feb. 21, 2024
  • A rendering of a mid-rise apartment building.
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    Permission granted by Fifield Cos.
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    DEALS + STARTS

    210 units go vertical next to future light rail stop in Miami

    Wynwood Station by Fifield Cos. will feature an industrial-style exterior inspired by its location.

    By • Feb. 20, 2024
  • More than a dozen Church of God in Christ and Enterprise Community Partners representatives raise a giant check in the air to mark the launch of an affordable housing initiative.
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    Permission granted by Enterprise Community Partners
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    Faith-based institutions take on the affordable housing crisis

    “Land-rich and cash-poor” religious institutions are among those looking at how they can meet their communities’ low-income housing needs while shoring up their finances.

    By Karen Kroll • Feb. 20, 2024
  • A high-rise apartment building.
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    Permission granted by Quarterra
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    PROJECT SPOTLIGHT

    Quarterra starts leasing 224 units in Denver’s Golden Triangle

    Kindred Apartments is the 11th Denver development for Lennar’s multifamily subsidiary.

    By • Feb. 20, 2024
  • New complex of apartment buildings under construction
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    ewg3D via Getty Images
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    Weak rent growth on the horizon for 2024

    The national average rent was unchanged last month as new supply dampened prices, according to Yardi Matrix.

    By • Feb. 15, 2024
  • Exterior picture of upper floor of a modern, white apartment building with corner balconies
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    Permission granted by UDR
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    UDR assumes ownership of Mill Creek lease-up development in Oakland

    The REIT had provided $45.2 million in preferred equity for the 173-unit asset.

    By • Feb. 15, 2024
  • A street sign marks the intersection of Wall and Broad Streets in Manhattan.
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    rabbit75_ist/iStock/Getty Images Plus via Getty Images
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    REIT Report

    Camden expects a ‘transition year’ for supply, with the highest concessions in Nashville and Austin

    Overall, the firm predicts property revenues to fall between 0.5% to 2.5%, with Southern California leading the way.

    By • Feb. 14, 2024
  • City skyline with high rises.
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    f11photo via Getty Images
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    Lender forecloses on Greystar tower in Dallas

    Areeif Lender W LLC, an affiliate of Ares Commercial Real Estate, has taken control of The Gabriella.

    By • Feb. 13, 2024
  • A duplex home.
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    Permission granted by RKW Residential
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    PROJECT SPOTLIGHT

    Leasing opens for 108 BTR homes in Charlotte, North Carolina

    The Zora University community is located near the University of North Carolina at Charlotte campus, plus other employment centers.

    By • Updated Feb. 13, 2024
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    AVB generated $10M from its AvalonConnect rollout in 2023

    Like EQR, the REIT expects a slower year in 2024 with NOI growth of 1.25%.

    By • Feb. 12, 2024
  • An empty lot in a row of buildings.
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    Michael Young

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    DEALS + STARTS

    One of New York City’s last 421-a properties goes vertical

    The 7 Platt Street tower will add 250 units in the Financial District.

    By • Feb. 8, 2024
  • A section of a master plan map.
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    Permission granted by Craig International
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    DEALS + STARTS

    Developer buys 3,000+ acres for $6B community, Margaritaville resort near Dallas

    With 7,500 homes planned, Preston Harbor is expected to double the size of Denison, Texas.

    By • Feb. 6, 2024
  • Four people sitting below a large screen on stage at a conference.
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    Permission granted by National Multifamily Housing Council
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    4 takeaways from the NMHC conference

    The association’s packed event in San Diego last week featured lots of commentary about housing supply.

    By • Feb. 6, 2024
  • a man and woman walk on treadmills in an apartment gym
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    Getty/istock Akacin Phonsawat via Getty Images
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    Opinion

    Renters weigh in on their favorite workout room features

    As the Peloton bike wanes in demand, fitness equipment like CrossFit and TRX are tops with apartment residents, according to a new NMHC report.

    By Sarah Yaussi • Feb. 5, 2024
  • A rendering of a row of homes with people walking by.
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    Permission granted by Embrey
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    DEALS + STARTS

    San Antonio developer plans 318 BTR townhomes next to retail

    The Schertz, Texas, development will include EV chargers in its resident garages and throughout the property.

    By • Feb. 1, 2024
  • an empty row of EV chargers at a public park
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    Young777 via Getty Images
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    Is the EV revolution over?

    Despite a sales slowdown, apartment owners and developers should charge ahead with electric vehicle infrastructure, experts say.

    By Amanda Loudin • Jan. 31, 2024