Development: Page 6

  • Picture of new light-colored apartments with a highway and water in the background.
    Image attribution tooltip
    Permission granted by Woodfield Development
    Image attribution tooltip
    Q&A

    Why Woodfield thinks now is a good time to get shovels in the ground

    The developer sees an opportunity to open new projects in an advantageous market in 2026, according to partner Greg Bonifield.

    By • July 23, 2024
  • An apartment building set against a city skyline.
    Image attribution tooltip
    Permission granted by Grand Peaks
    Image attribution tooltip

    Grand Peaks to provide rent-free apartments for teachers

    The $270 million Skyline at Highlands is Colorado’s largest multifamily project since 2002.

    By • July 22, 2024
  • Exterior view of multifamily residential building under construction.
    Image attribution tooltip
    Sundry Photography via Getty Images
    Image attribution tooltip

    Starts increase compared to May

    However, completions jumped as new supply continues to represent a near-term threat.

    By • July 22, 2024
  • A blue and white mid-rise apartment building.
    Image attribution tooltip
    Permission granted by Wingspan Development Group
    Image attribution tooltip
    PROJECT SPOTLIGHT

    Apartments near University of Tampa feature space-saving furniture

    Niche is 75% leased in the first 100 days since move-ins began.

    By • July 18, 2024
  • An elevated shot of a street lined with high-rise buildings. One person walks across a crosswalk.
    Image attribution tooltip
    John Moore/Getty Images via Getty Images
    Image attribution tooltip

    Seattle encourages office-to-residential conversions with new law

    The city's mayor said Seattle needs to take advantage of every tool available to fend off a housing shortage as downtown buildings sit empty.

    By Ysabelle Kempe • July 17, 2024
  • A rendering of a mid-rise apartment building.
    Image attribution tooltip
    Permission granted by Bolour
    Image attribution tooltip
    DEALS + STARTS

    Bolour secures entitlements for development near Dodger Stadium

    The 86-unit project will be located on Sunset Boulevard in Los Angeles.

    By • July 11, 2024
  • Picture of a pool at an apartment property
    Image attribution tooltip
    Permission granted by Mill Creek
    Image attribution tooltip
    DEALS + STARTS

    Inside Mill Creek’s evolution to a full-service investment management firm

    Although the Florida-based developer made its name in new construction, value-add purchases and structured products will represent a larger part of the business going forward.

    By • July 8, 2024
  • A person in a blue shirt and black pants and shoes wears a surgical face mask and walks past a window. In the window, a sign reads "Retail for Lease."
    Image attribution tooltip
    Justin Sullivan/Getty Images via Getty Images
    Image attribution tooltip

    5 US cities prime for office-to-residential conversions

    An Urban Institute analysis names the cities that could benefit most from adaptive reuse projects based on office real estate markets and housing supply needs.

    By Ysabelle Kempe • July 2, 2024
  • Construction framing of wood building.
    Image attribution tooltip
    ribeirorocha via Getty Images
    Image attribution tooltip

    Apartment starts plummet 52%

    Completions for buildings with five or more units rose only 0.8% in May as investors eyed new buildings.

    By • June 25, 2024
  • A rendering of the exterior of a multifamily building.
    Image attribution tooltip
    Permission granted by KGD Architecture
    Image attribution tooltip

    Clark makes headway on first affordable housing project in Tysons, Virginia

    Amazon is funding $56 million of the project through its housing equity fund.

    By Zachary Phillips • June 24, 2024
  • A rendering of new construction on the Merchant Building in Columbus, Ohio, at night.
    Image attribution tooltip
    Retrieved from NAI Ohio Equities on June 13, 2024
    Image attribution tooltip

    Merchant Building to add 174 units to downtown Columbus, Ohio

    Gilbane is building the 32-story mixed-use structure, which is scheduled to open in 2026.

    By Matthew Thibault • June 24, 2024
  • A warm colored building with glass balconies overlooks an ocean.
    Image attribution tooltip
    Courtesy of Ālia
    Image attribution tooltip

    $400M mixed-use building underway in Honolulu

    The 477-unit condo tower, Ālia at 888 Ala Moana, features sustainable design techniques, ocean views and luxury amenities.

    By Julie Strupp • June 21, 2024
  • Ground floor of new, white apartment complex with Soltra Kierland sign.
    Image attribution tooltip
    Permission granted by Leon Capital Group
    Image attribution tooltip
    Q&A

    Inside a Dallas developer’s plan for 2,000 starts this year

    The president of Leon Capital Group’s multifamily division sees an opportunity to deliver new apartments into rent growth.

    By • June 20, 2024
  • A rendering shows the vision for two residential towers in Beverly Hills, California.
    Image attribution tooltip
    Courtesy of Foster + Partners & Kerry Hill Architects
    Image attribution tooltip

    Cain International, OKO Group start $5B mixed-use development in California

    Turner Construction will lead site management on One Beverly Hills, which includes two condo towers and an Aman Group hotel.

    By Joe Bousquin • Updated June 24, 2024
  • The development team expects delivery of the first residences in 2026, and the overall master plan to complete over a 10-year period, according to Gotham.
    Image attribution tooltip
    Courtesy of Gotham
    Image attribution tooltip

    Church kicks off $1B Brooklyn affordable housing project

    The first phase of the Innovative Urban Village includes 376 affordable units and retail and commercial space.

    By Sebastian Obando • June 14, 2024
  • A rendering of an apartment building, with people milling about in front, with green grass on a sunny day.
    Image attribution tooltip
    Courtesy of Gilbane Building Co.
    Image attribution tooltip

    Gilbane to develop $100M Purdue University dorm project

    The four-story, 213,000-square-foot apartment complex on the college's Fort Wayne, Indiana, campus is part of a public-private partnership.

    By Matthew Thibault • June 13, 2024
  • A waterfront boardwalk with a building on the left side. On the ground level, people are sitting at tables and chairs.
    Image attribution tooltip
    Courtesy of Redgate
    Image attribution tooltip
    PROJECT SPOTLIGHT

    Redgate’s wellness-focused waterfront apartments start pre-leasing near Boston

    Gibson Point, located in Revere, Massachusetts, will offer spa services, treadmill desks and electric shuttles to the beach.

    By • June 13, 2024
  • A mid-rise apartment building.
    Image attribution tooltip

    LMS Architects/Hood Design Studio

    Image attribution tooltip

    UC Berkeley cleared to continue student housing project at People’s Park

    The California Supreme Court reversed a ruling that halted construction over resident noise concerns. 

    By • June 12, 2024
  • A rendering of a mid-rise apartment building.
    Image attribution tooltip

    Moya Design Partners, Montgomery County Planning Board

    Image attribution tooltip

    Developer backs out of apartment project near DC Metro station

    JLB Partners’ recently approved plan in Silver Spring, Maryland, called for 390 apartments over commercial space.

    By • June 10, 2024
  • A park between two apartment buildings, with a farmers' market at the near end.
    Image attribution tooltip

    Hunter Pasteur Homes

    Image attribution tooltip
    DEALS + STARTS

    Former racetrack makes way for master-plan near Detroit

    The Downs will contain 174 apartments, 53 condos and 245 homes and townhomes at full buildout, plus retail and parking spaces.

    By • June 6, 2024
  • Light colored modern apartment building with a grocery on the ground floor
    Image attribution tooltip
    Permission granted by Bozzuto
    Image attribution tooltip
    Q&A

    How Bozzuto evaluates new construction projects

    President of development Mike Henehan says the company is looking at location, partners and the overall structure of deals.

    By • June 5, 2024
  • A rendering of a pool deck and oceanfront.
    Image attribution tooltip
    Permission granted by 390 Ocean Owner LLC
    Image attribution tooltip
    DEALS + STARTS

    Beachfront condos underway on rare Jersey Shore plot

    The 132-unit Atlantic Club in Long Branch, New Jersey, will encompass units ranging from one to five bedrooms and 993 to 4,246 square feet in size.

    By • June 3, 2024
  • An apartment with a kitchen next to a bed and a sofa.
    Image attribution tooltip
    Permission granted by Riaz Capital
    Image attribution tooltip

    Hotel conversions take top spot in adaptive reuse

    Over 151,000 units converted from other building uses are in progress across the country — of which 34,000 are coming from hospitality.

    By • May 31, 2024
  • A plaza surrounded by tall buildings.
    Image attribution tooltip

    Colin Miller

    Image attribution tooltip
    PROJECT SPOTLIGHT

    Philadelphia redevelopment exudes Scandinavian vibe

    Piazza Alta is the latest apartment complex in a former industrial center in the city’s Northern Liberties neighborhood.

    By • Updated June 12, 2024
  • A rendering of a skyscraper overlooking a park in a city.
    Image attribution tooltip
    Courtesy of Extell
    Image attribution tooltip

    Lendlease to exit international construction, development

    Citing a prolonged market downturn, the Australian company is pivoting to focus solely on domestic work.

    By Zachary Phillips • May 28, 2024