Development: Page 11


  • A row of single-story attached homes with green siding.
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    Permission granted by Heyday
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    PROJECT SPOTLIGHT

    New developer opens single-family rentals near Madison, Wisconsin

    Heyday Sun Prairie is the first project for the Chicago-area firm.

    By Aug. 23, 2023
  • In a hazy time of day, workers bustle about on an under-construction building at the top.
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    Courtesy of McHugh Construction
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    PROJECT SPOTLIGHT

    McHugh tops off $470M, 73-story Chicago apartment tower

    The COVID-19 pandemic previously delayed the project, but the contractor finished concrete work this month.

    By Matthew Thibault • Aug. 22, 2023
  • A block of apartment complexes Explore the Trendline
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    Arturo Rosenow via Getty Images
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    Trendline

    Top 5 stories from Multifamily Dive

    A roundup of some of Multifamily Dive’s top stories of 2024.

    By Multifamily Dive staff
  • Crane and building under construction against blue sky
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    unkas_photo via Getty Images
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    Permits for 5-plus units plummet 32%

    While multifamily developers started roughly the same number of projects a year ago, completions fell 23%.

    By Aug. 22, 2023
  • Several white cars are seen plugged into a line of electric vehicle chargers.
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    Marcus Lindstrom via Getty Images
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    Opinion

    7 things to know about starting an EV charging program

    As electric vehicle demand increases and government mandates approach, multifamily firms are plugging in to incentives.

    By Mark Vogel • Aug. 22, 2023
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    kevinjeon00 via Getty Images
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    REIT Report

    Delinquent renters drive expenses 8.5% higher for Camden

    Despite evictions and skips, low move-outs to homeownership limit turnover damage for the Houston-based REIT.

    By Aug. 21, 2023
  • A rendering of an apartment building, seen from above, shaped like an H.
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    Permission granted by KTGY
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    Q&A

    Senior housing inspired by national parks underway in Virginia

    Overlapping regulations posed the greatest challenge for The Lodge at Autumn Willow, says KTGY production director Patty Booker.

    By Aug. 21, 2023
  • An image on a phone of the social media app Threads
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    Justin Sullivan via Getty Images
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    Is Threads worth a look?

    As X — formerly known as Twitter — struggles, Meta’s new platform could serve as a substitute for some multifamily marketers, experts say. 

    By Amanda Loudin • Aug. 18, 2023
  • A white sidewalk with grass lawns and stacks of blue and yellow shipping container apartments on either side.
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    Permission granted by Fisk University
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    Nashville college opens shipping container dorm

    The $4 million project at Fisk University will help house students while a new residence hall is under construction.

    By Updated Aug. 23, 2023
  • A modern apartment building in an urban setting.
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    Courtesy of Toll Brothers Apartment Living
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    DEALS + STARTS

    Toll Brothers breaks ground on opportunity zone project in Phoenix

    Henri will be located next to the Roosevelt Row arts and culture district.

    By Aug. 16, 2023
  • Photo of stock exchange letters.
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    Pgiam via Getty Images
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    REIT Report

    Revenue growth boosts AvalonBay

    As market conditions slow, the Virginia-based REIT sees an opportunity to pick up land in its expansion metros.

    By Aug. 16, 2023
  • A rendering of a 47-story tower as seen from above.
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    Retrieved from Lendlease on August 15, 2023
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    Lendlease pauses $1.2B San Francisco condo tower

    The Australia-based developer and contractor confirmed the news on Monday, about a month after it laid off 10% of its global staff.

    By Zachary Phillips • Aug. 15, 2023
  • A block of apartment complexes
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    Arturo Rosenow via Getty Images
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    Opinion

    Despite a sobering Q2, the future looks bright for owners, developers

    As the second half of the year gets underway, the multifamily sector will remain strong despite several sizable headwinds, writes fund management expert Marshall Boyd.

    By Marshall Boyd • Aug. 15, 2023
  • White apartment building with palm trees in the foreground.
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    Permission granted by Eastwind Development
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    Q&A

    How Eastwind is navigating Florida’s difficult development market

    New legislation combined with interest rate hikes and rising material costs make penciling out new deals difficult, Florida developer says.

    By Aug. 15, 2023
  • Abstract corporate workers with stock ticker numbers overlaid.
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    Simon Carter via Getty Images
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    REIT Report

    Essex raises rent guidance as tech layoff fears subside

    The REIT saw sluggishness in Seattle while Southern California thrived. 

    By Aug. 14, 2023
  • A condominium building with white walls and an angular roof.
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    ntzolov via Getty Images
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    Report: Passive House nears cost parity with traditional construction

    The number of Passive-built multifamily projects has surged since 2018, owing to energy savings and climate and health benefits, according to a new report.

    By Aug. 10, 2023
  • A JLL office building
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    Permission granted by JLL
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    JLL rolls out proprietary AI model

    The firm’s technology division developed the tool specifically for the commercial real estate industry and is looking to offer it to clients in the future. 

    By Lindsey Wilkinson • Aug. 10, 2023
  • A view of an office building from below, surrounded by other tall towers.
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    Joe Woolhead

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    DEALS + STARTS

    Manhattan office tower purchased for $172.5M for apartment conversion

    Silverstein Properties, Metro Loft Management and CetraRuddy will redesign 55 Broad Street into 571 apartments.

    By Aug. 9, 2023
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    lucadp via Getty Images
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    REIT Report

    EQR reports supply pressure in some cities, strong results in others

    Though the Chicago-based REIT made a couple of purchases in Q2, it sees a slow transaction market overall.

    By Aug. 9, 2023
  • A ground view of several buildings under construction, a crane looms in the background.
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    Courtesy of Clark Construction
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    PROJECT SPOTLIGHT

    Clark tops out first of 3 towers at Washington, DC, apartment project

    The Bethesda, Maryland-based contractor has finished concrete work on the $643 million first phase of The Stacks in the city’s Buzzard Point neighborhood.

    By Zachary Phillips • Aug. 8, 2023
  • A tall building obscured behind a tree.
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    Moeru Matsunoo via Getty Images
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    Adaptive reuse pipeline rises to 122,000 units under construction

    Despite strong incoming supply, completions in the sector have fallen since 2020.

    By Aug. 8, 2023
  • A seven-story mixed-use brown and white apartment building.
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    Permission granted by Subtext
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    Q&A

    Bringing in contractors from other cities helps St. Louis developer continue to build

    Subtext is slated to close on 1,000 units by relying on existing lender relationships.

    By Aug. 8, 2023
  • View from the the ground looking up at high rises and Wall St. and Front St. signs.
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    franckreporter via Getty Images
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    REIT Report

    Coastal markets show strength in UDR’s busy Q2

    As more than 20% of its sites use staff-less technology, the REIT continues to focus on customer experience.

    By Aug. 7, 2023
  • A shift to remote work has softened the demand for office space, accelerating the need for commercial-to-residential conversions.
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    Fang Xia Nuo via Getty Images
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    Deep Dive

    HUD grant focuses on commercial building conversions

    The authority seeks to fund case studies of recent conversion projects to provide practical commercial conversion guidance to operators and local agencies.

    By Nish Amarnath • Aug. 7, 2023
  • A group of people stand in front of a set of glass doors.
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    Permission granted by The NRP Group
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    PROJECT SPOTLIGHT

    New apartments open at former IBM headquarters site in New York

    The Halden in White Plains, New York, is part of the office complex’s mixed-use redevelopment.

    By Aug. 7, 2023
  • Corner view of glass high-rise building.
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    Permission granted by Alexander Development Group
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    Q&A

    How the largest market-rate multifamily Passive house high-rise got built

    Alexander Development Group overcame legal challenges and COVID-19 to build 42 Broad in five years.

    By Aug. 3, 2023