Development: Page 7

  • New complex of apartment buildings under construction
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    ewg3D via Getty Images
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    Apartment starts drop 31.5%

    In addition, permits for buildings with five units or more plummeted to 459,000 last month.

    By • Oct. 18, 2023
  • A modern apartment building situated next to a Colonial-style structure.
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    Permission granted by Roadside Development
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    D.C. aims to attract sustainable office-to-multifamily conversions

    While the pace of adaptive reuse projects has slowed, the city is offering incentives to bring more housing to the urban core.

    By • Oct. 16, 2023
  • 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 Dtmliving staff
  • Aerial picture of an apartment property.
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    Permission granted by Landmark Properties
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    Q&A

    How centralization can smooth an operator’s expansion to BTR

    Georgia-based Landmark Properties is known for student housing. Now it's moving into single-family rentals.

    By • Oct. 12, 2023
  • A tall white apartment building.
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    Permission granted by Willow Bridge Property Co.
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    Former Lincoln division announces new name

    Willow Bridge Property Co., sold to Cadillac Fairview in February, now operates 180,000 units independently.

    By • Updated Oct. 13, 2023
  • A row of homes with a red sign in the foreground that reads "FOR RENT."
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    Feverpitched via Getty Images
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    Turnover costs hold steady at nearly $4,000 per resident

    The lost revenue associated with flipping an apartment adds up, but there are things owners can do to keep renters in place, according to a new report.

    By • Oct. 11, 2023
  • A rendering of a mid-rise student dormitory building.
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    Permission granted by Gilbane
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    Moody’s: Student housing sees rebound

    Occupancy and rental rates have jumped since the pandemic, but inflation remains a hurdle for owners and developers.

    By • Oct. 11, 2023
  • A long, jagged building with a colorful mural on one side.
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    Permission granted by Newrock Partners
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    PROJECT SPOTLIGHT

    Mid-century modern mixed-use opens near Fort Lauderdale

    Oaklyn in Oakland Park, Florida, developed by Newrock and managed by Bozzuto, sits near the Atlantic oceanfront.

    By • Oct. 10, 2023
  • A grey single-family home.
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    Permission granted by Greystar
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    DEALS + STARTS

    Greystar adds 156 build-to-rent homes in Houston

    The multifamily developer will join D.R. Horton, KB Home, Lennar and other builders at the 2,303-acre master plan.

    By • Oct. 6, 2023
  • People on a street with brown and tan homes on either side.
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    Permission granted by Sunstone Two Tree
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    DEALS + STARTS

    Sunstone Two Tree gets approval for 3 projects in Phoenix

    The developer recently closed on the land for a 320-unit project.

    By • Oct. 5, 2023
  • An apartment building under construction.
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    CHUNYIP WONG via Getty Images
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    Energy-efficient multifamily projects eligible for expanded tax credit

    The Section 45L credit, revised under the Inflation Reduction Act, offers up to $5,000 per unit for certain certifications.

    By • Oct. 3, 2023
  • A tall glass-and-steel apartment building next to two othrers.
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    Permission granted by The Cordish Cos.
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    PROJECT SPOTLIGHT

    Cordish Cos. opens third high-rise in Kansas City, Missouri

    Three Light, the latest addition to the $9.7 billion Power & Light District, includes visual tributes to local jazz legends.

    By • Oct. 2, 2023
  • Blocks spell M and A
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    Nastassia Samal via Getty Images
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    Sumitomo Forestry to buy JPI’s operating platform

    JPI CEO Payton Mayes and Chief Financial and Investment Officer Mollie Fadule will operate the company within the Japanese conglomerate.

    By • Oct. 2, 2023
  • A crane lifts components onto a construction site
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    Permission granted by Vessel Technologies
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    Q&A

    Inside former Fannie Mae CEO’s plan to fix housing

    Hugh Frater, also a founding partner at BlackRock, thinks a pre-constructed housing system can help close the affordability gap.

    By • Sept. 29, 2023
  • Tan, four-story apartment with street in the foreground.
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    Permission granted by The Davis Cos.
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    Thought Leaders: September 2023

    Executives from Embrey Partners, The Davis Cos. and more talk about their latest challenges and successes.

    By Dtmliving Staff • Sept. 28, 2023
  • A mid-rise modern apartment building.
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    Permission granted by FK Architecture
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    DEALS + STARTS

    240 units break ground near Gainesville, Florida, mall

    The Evergreen Westside will make use of a site rezoned for residential development in 2019.

    By • Sept. 26, 2023
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    Fahroni via Getty Images
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    Study: Unused parking adds over $2M to typical multifamily projects

    A new white paper from Rutgers University found that reducing parking spaces could save money and minimize environmental impact.

    By • Sept. 26, 2023
  • A covered roadway, next to a glass-walled room with artwork on the walls.
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    Evan Joseph

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    PROJECT SPOTLIGHT

    Leasing begins at 200-unit, 27-story tower in the Bronx

    Maven, located in the Mott Haven neighborhood, features custom artwork panels by local and international artists.

    By • Sept. 22, 2023
  • Exterior view of multifamily residential building under construction.
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    Sundry Photography via Getty Images
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    Starts plummet 41%

    Permits for five-plus-unit buildings also dropped last month, while completions picked up as developers finished off existing projects.

    By • Sept. 21, 2023
  • A tall tower over a much shorter skyline.
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    Permission granted by Panepinto Properties
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    DEALS + STARTS

    $338M high-rise breaks ground in Jersey City’s booming Journal Square

    499 Summit Avenue’s 53-story tower will add 605 units to over 20,000 that are newly built or in development nearby.

    By • Sept. 20, 2023
  • A rendering of a mid-rise modern apartment building.
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    Permission granted by Anthem Development
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    DEALS + STARTS

    New transit-oriented district breaks ground near Dallas

    The first phase will include the 340-unit Lofts iThirty multifamily project, built on land originally zoned for a Sam’s Club.

    By • Sept. 15, 2023
  • Modern, detached white and grey homes with a street in the foreground.
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    Permission granted by Embrey Partners
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    Q&A

    Texas developer leverages construction pipeline to beef up its management platform

    Embrey Partners is also building out its third-party platform and weighing the role of centralization.

    By • Sept. 15, 2023
  • A pool area in front of an apartment tower.
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    Permission granted by Strategic Planning Partners
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    Water Street Tampa achieves WELL Gold Community Certification

    The neighborhood, which includes 1,200 rental units across three properties, is the first in North America to attain this standard.

    By • Sept. 14, 2023
  • A curved beige building with rows of square windows.
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    Highsmith, Carol M. (2011). "Robert C. Weaver Federal Building, headquarters of HUD, the U.S. Department of Housing and Urban Development, Washington, D.C" [Photograph]. Retrieved from Wikimedia Commons.
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    HUD begins second round of Green and Resilient Retrofit funding

    The first awards are expected to be announced this fall.

    By • Sept. 11, 2023
  • A chunk of concrete being tested in a lab
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    Permission granted by NIST
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    Champlain Towers investigation yields more clues

    A preliminary NIST report points to deviations from design in the Surfside, Florida, condo’s pool deck construction.

    By • Sept. 11, 2023
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    Justin Sullivan via Getty Images
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    California law clears path for UC Berkeley student housing project beset by legal challenges

    Gov. Gavin Newsom signed a bill into law Thursday allowing the project to go forward, marking a victory for the public university.

    By Laura Spitalniak • Sept. 11, 2023