Development: Page 11

  • A brick apartment building.
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    Permission granted by BNE Real Estate Group
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    PROJECT SPOTLIGHT

    Nature-inspired property takes root in New Jersey suburbs

    Developed by BNE Real Estate, The Ivy offers 245 units within a 50-minute commute to Manhattan.

    By • Dec. 21, 2023
  • An apartment building with a mostly-glass facade, with a strip of greenery cutting through it.
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    Courtesy of One River North
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    PROJECT SPOTLIGHT

    Greenery-covered ‘canyon’ cuts through Denver apartment tower

    With more than 3,000 names on its interest list, One River North stands out for its striking divided design.

    By • Dec. 20, 2023
  • A woman dressed in formalwear stands with an award
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    Permission granted by Denholtz Properties
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    Q&A

    NJ property manager takes unique approach to hiring

    Sonya Bryant-Brown’s careful way of vetting prospects has led to very low turnover.

    By • Dec. 19, 2023
  • A cityscape with several tall buildings.
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    ImageFiction

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    DEALS + STARTS

    Tishman Speyer prepares to break ground on the first of 2 towers in Jersey City

    55 Hudson and its upcoming second phase will add over 2,000 units total on a new public waterfront plaza.

    By • Dec. 18, 2023
  • A rooftop swimming pool.
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    Permission granted by Courtesy Lennar/Quarterra Group Inc.
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    Lennar looks to sell 11,000 apartments reportedly worth $4.5B total

    The home builder is open to breaking up the portfolio, according to Bloomberg.

    By • Dec. 18, 2023
  • An ornate lobby room with a high, gold-leaf filigree ceiling.
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    Nicholas James Photography

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    Q&A

    Chicago’s Belden-Stratford reopens after extensive renovation

    The transformation of the 100-year-old building happened despite challenges from COVID-19, a lack of lobby space and stringent NRHP requirements.

    By • Dec. 15, 2023
  • A rendering of a residential property
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    Permission granted by Storyliving by Disney
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    Disney unveils plans for second Storyliving community

    Asteria in Chatham County, North Carolina, will include a mix of more than 4,000 multifamily and single-family homes.

    By • Dec. 14, 2023
  • A mid-rise apartment building.
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    Permission granted by Related Group
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    PROJECT SPOTLIGHT

    Related Group opens co-living property in Miami’s Wynwood

    Renters at i5 Wynwood will live in fully furnished, shared suites of three to four private rooms.

    By • Dec. 13, 2023
  • A person stands on a walkway taking a photo of a cityscape.
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    carstenbrandt via Getty Images
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    The 5 hottest neighborhoods for multifamily development

    These areas have seen the largest share of new apartment units over the last several years as residents are drawn in by a lively mix of restaurants, retail spots, museums and more.

    By • Dec. 12, 2023
  • A close up of the Department of Treasury seal on the front of the headquarters with "the Department of Treasury" and "1789" on an outer circle and a shield with the scales of justice up top and a key.
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    Chip Somodevilla via Getty Images
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    Column

    Signature bid results add fuel, ‘B’ plot in FDIC’s woes

    Real estate investor Brookfield accused the agency of cherry-picking a winning bid that was not the highest price for a portfolio of loans from the failed Signature Bank.

    By Dan Ennis • Dec. 11, 2023
  • An overhead view of a cityscape with two stadiums.
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    Courtesy of Willets Point
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    From scrap metal to mixed-use: Willets Point plan approved

    The Queens, New York, redevelopment by Related Cos. will include 2,500 affordable units, a hotel, a public school and a soccer stadium.

    By • Dec. 11, 2023
  • Leasing office sign
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    Kameleon007 via Getty Images
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    The cities with the most concessions

    Landlords in 43 of the top 50 markets are offering more rental enticements than last year, according to a Zillow report.

    By • Dec. 11, 2023
  • Five-story brown, modern apartment building with balconies on the corner.
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    Permission granted by JPI
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    JPI-Sumitomo deal closes

    Sumitomo’s projects would make it the No. 6 developer in the country.

    By • Dec. 11, 2023
  • Van Nuys sign
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    Laser1987 via Getty Images
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    Developer files for bankruptcy on California project

    In addition to the 180-unit deal in Van Nuys, FMB Development defaulted on a Los Angeles project in October.

    By • Dec. 6, 2023
  • An outdoor pool and lounge area.
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    Permission granted by The Bainbridge Cos.
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    PROJECT SPOTLIGHT

    Bainbridge opens 252 units near Orlando’s Lake Nona

    Bainbridge Nona North is located next to the Orlando International Airport.

    By • Dec. 5, 2023
  • Orange apartments leasing sign
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    Michael Vi via Getty Images
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    Deep Dive

    Heavy concessions are helping renters move up

    In what has been a surprise to both executives and analysts, effective class B rents have been falling in high-supply markets.

    By • Dec. 5, 2023
  • Headshot of Linda Zarifi
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    Permission granted by Zarifi Design
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    Thought Leaders: November 2023

    An apartment owner, a CRE expert, a design pro and more talk about their latest challenges and successes.

    By Multifamily Dive Staff • Nov. 30, 2023
  • A render of a new building, covered in brown brick, amid a blue sky. People walk around it.
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    Retrieved from Colman Yards project site on November 22, 2023
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    DEALS + STARTS

    Work begins on $430M Colman Yards mixed-use project in Illinois

    The 10-year plan from developer J. Jeffers & Co. includes 900 multifamily units and 130,000 square feet of commercial space.

    By Matthew Thibault • Nov. 30, 2023
  • A red construction frame in front of a high-rise building under construction.
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    JARAMA via Getty Images
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    Apartment starts plummet nearly 32%

    Completions of new buildings rose 14.3% as supply became a bigger issue in some markets.

    By • Nov. 27, 2023
  • A woman putting laundry into the dryer
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    Goodboy Picture Co. via Getty Images
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    Opinion

    NMHC survey reveals renters’ top preferences

    Prospects are most drawn to practical features such as air conditioning and in-unit washers and dryers, according to a new report.

    By Sarah Yaussi • Nov. 27, 2023
  • Two mid-rise apartment buildings separated by a parking area.
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    Permission granted by Ascendant Development
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    PROJECT SPOTLIGHT

    Ascendant Development expands its Dallas-area footprint

    Haven at Mansfield adds 257 units to a strong, high-growth submarket.

    By • Nov. 21, 2023
  • A city skyline with apartments.
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    Mlenny via Getty Images
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    Rents continue falling amid recession concerns

    Northeast and Midwest markets are growing, while the West and Sun Belt see rent declines related to new supply.

    By • Nov. 20, 2023
  • A two-story apartment property at dusk, surrounded by roads and cars.
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    Courtesy of Toll Brothers Apartment Living
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    DEALS + STARTS

    2 Toll properties break ground a week apart in Arizona

    With Navona and Lumara underway, the firm’s multifamily division now has four properties and 1,317 units in its Phoenix metro pipeline.

    By • Nov. 17, 2023
  • Photo looking up at high rises and Wall Street sign.
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    franckreporter via Getty Images
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    REIT Report

    EQR reports strength on the East Coast

    Washington, New York City and Boston thrive, while Seattle and San Francisco struggle. 

    By • Nov. 16, 2023
  • Downtown skyline view of high-rise buildings in Phoenix, Arizona.
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    4kodiak via Getty Images
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    Phoenix office-to-apartment conversion goes to foreclosure

    The former BMO Harris bank tower could be auctioned later this month after the owner defaulted on a $71.3 million loan.

    By • Nov. 15, 2023