Development: Page 4
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Permission granted by Core Spaces
Core Spaces on track to more than double its student portfolio
The Chicago developer has a pipeline of over 43,000 beds, with 4,551 delivered so far this year.
By Mary Salmonsen • Oct. 22, 2024 -
CHUNYIP WONG via Getty Images
Apartment completions jump 42% YOY
September apartment starts fell 15% from a year ago, while units under construction dropped 17%.
By Leslie Shaver • Oct. 21, 2024 -
Permission granted by Urby
PROJECT SPOTLIGHTUrby adds to Jersey City’s growth spurt in Journal Square with 25-story tower
The 317-unit Journal Square Urby is the developer’s second project in the city, now open for leasing and move-ins.
By Mary Salmonsen • Oct. 21, 2024 -
Permission granted by The Astor Companies
Q&AThe challenges of building workforce housing
Astor Cos. CEO Henry Torres is using the Live Local Act to add attainable rentals to his portfolio of luxury properties.
By Leslie Shaver • Oct. 21, 2024 -
Permission granted by Forum Investment Group
Forum joins the preferred equity club
The apartment owner recently closed a $226 million investment vehicle specializing in multifamily private credit.
By Leslie Shaver • Oct. 16, 2024 -
Retrieved from Screenshot: Google Maps.
Bank reportedly forecloses on Chasen’s office conversion in Baltimore
The developer planned to turn the historic One Calvert Plaza into 173 apartments.
By Leslie Shaver • Oct. 15, 2024 -
Permission granted by Gensler
DEALS + STARTSCampus Apartments, Mosaic partner on $149M grad student housing
The 741-bed development at the University of Maryland is the first part of a three-phase project funded through tax-exempt bonds.
By Mary Salmonsen • Oct. 10, 2024 -
Spencer Platt via Getty Images
Crane at St. Petersburg condo site collapses during hurricane
The crane fell from the jobsite of 400 Central, a 46-story tower that will reportedly be the tallest residential building on Florida’s Gulf Coast when complete.
By Jennifer Goodman • Oct. 10, 2024 -
Retrieved from Screenshot: Google Maps.
Bank forecloses on Chasen’s office conversion in Baltimore
The developer planned to turn the historic One Calvert Plaza into 173 apartments.
By Leslie Shaver • Oct. 9, 2024 -
Permission granted by Greystar
DEALS + STARTSGreystar joins forces with Merrimack College on 540 student housing beds
The public-private partnership aims to expand the Massachusetts college’s ability to house students on campus.
By Mary Salmonsen • Oct. 4, 2024 -
Courtesy of New York City Housing Authority
The largest multifamily starts of August 2024
Major projects include an affordable renovation in New York City and a racetrack redevelopment in Michigan.
By Mary Salmonsen • Oct. 4, 2024 -
Permission granted by Roundhouse
Q&ARoundhouse bullish on continued growth after 1,500-unit expansion
The Boise, Idaho, developer has made $300 million in acquisitions and $150 million in new groundbreakings this year.
By Mary Salmonsen • Oct. 3, 2024 -
Permission granted by WinnCompanies
PROJECT SPOTLIGHTWinnCompanies opens all-electric property at former Massachusetts mill
The $39 million redevelopment is expected to use 46% less energy and emit 33% fewer greenhouse gases than a traditional structure.
By Mary Salmonsen • Oct. 1, 2024 -
Permission granted by Southern Land Co.
Apartment tower rises in downtown Las Vegas
T.B. Penick & Sons topped off Sin City’s first all-for-rent apartment tower this month.
By Jennifer Goodman • Sept. 27, 2024 -
ribeirorocha via Getty Images
NAHB: Apartment completion time flat in 2023
The construction cycle rose 3.5 days in 2023 after jumping 2.3 months in 2022.
By Leslie Shaver • Sept. 23, 2024 -
Permission granted by PearlX
Sponsored by PearlXFrom costly amenity to revenue asset: Boosting multifamily budgets with energy
Solar amenities can increase multifamily property value with no upfront costs to developers with PearlX.
Sept. 23, 2024 -
Permission granted by U.S. Development
PROJECT SPOTLIGHTU.S. Development completes mixed-use project in Philadelphia’s Fishtown
The industrial-style Frankford Grand opened for leasing on Sept. 18.
By Mary Salmonsen • Sept. 19, 2024 -
ictor via Getty Images
Apartment starts drop 6% YOY
In a sign that supply is burning off, completions in August jumped 80%, while projects under construction fell 15%.
By Leslie Shaver • Sept. 19, 2024 -
LD via Getty Images
Fed cuts rates, but is more needed?
Apartment industry leaders say the central bank’s action had already been baked into the 10-year Treasury.
By Leslie Shaver • Sept. 18, 2024 -
Permission granted by Hoar Construction
PROJECT SPOTLIGHT30-story student housing tower rises from infill lot in Austin
Located near The University of Texas at Austin, MDL Group’s Icon will be open for the 2025 school year.
By Mary Salmonsen • Sept. 18, 2024 -
Permission granted by AvalonBay Communities
Q&AInside AvalonBay’s centralization initiatives
Under the REIT’s neighborhood model, services can be shared for up to 1,500 units.
By Leslie Shaver • Sept. 17, 2024 -
Maudib via Getty Images
Developers look for deals on dirt
Generational property owners are in a position to wait, while those who have recently purchased land may be more motivated to sell.
By Leslie Shaver • Sept. 16, 2024 -
Permission granted by Mast Capital
PROJECT SPOTLIGHTNew Mast Capital Florida property caters to nearby healthcare workers
The Harlow is located next to a new $250 million hospital in Wesley Chapel, Florida.
By Mary Salmonsen • Sept. 11, 2024 -
Joe Raedle via Getty Images
Multifamily permitting drops in urban areas
Higher interest rates and supply chain concerns have taken a toll on apartments, according to the NAHB.
By Mary Salmonsen • Sept. 6, 2024 -
Permission granted by QuadReal Property Grou
DEALS + STARTSCanadian firm buys 4 properties from Lennar’s Quarterra
QuadReal Property Group picked up 1,400 units total in Colorado, North Carolina, Arizona and Maryland.
By Leslie Shaver • Sept. 4, 2024
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