Development: Page 18


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    Spencer Platt via Getty Images
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    REIT Report

    As development projects are abandoned, AVB sees an opportunity to buy land

    The REIT is partnering with third-party apartment builders and offering mezzanine loans for construction.

    By May 10, 2023
  • An apartment lounge with sofas and a kitchen.
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    Moris Moreno

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    How to create community, connection for Gen Z renters

    Work-from-home resources and collaborative spaces are game-changers for this growing resident group.

    By May 10, 2023
  • Modern bank glass building.
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    -slav- via Getty Images
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    Bank failures make construction loans even more challenging

    The lending environment has grown more treacherous after last year’s interest rate hikes and could dampen new starts by 60%, according to Ric Campo.

    By May 8, 2023
  • A set of white apartment buildings near a waterfront.
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    Permission granted by Integra Investments
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    PROJECT SPOTLIGHT

    Largest Key West, Florida, workforce housing in 50 years opens on Stock Island

    Wrecker’s Cay Apartments from Integra Investments adds 280 low- and moderate-income units near the Florida Keys’ connecting highway.

    By May 8, 2023
  • A large, convex-shaped apartment building is in the focus and foreground.
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    Permission granted by Jason O'Rear
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    Gilbane completes convex-shaped mixed-use project in LA

    With a lens-like design, the $125 million development will feature 10 levels of apartments and luxury amenities.

    By Matthew Thibault • May 5, 2023
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    Permission granted by Alliance Residential
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    The multifamily industry’s top firms

    From syndicators and owners to builders and managers, these rankings from the National Multifamily Housing Council are much anticipated each year.

    By May 4, 2023
  • A garden-style apartment building in a wooded setting.
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    Permission granted by S.L. Nusbaum Realty Co.
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    DEALS + STARTS

    New affordable housing coming to Williamsburg, Virginia

    The $26 million 2 Rivers Apartment Homes will fill a strong need for affordable housing in a growing area. 

    By May 4, 2023
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    fstop123 via Getty Images
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    The top 10 residential builders of 2023

    Powerhouse names in single-family homes — including D.R. Horton at No. 1 — are pushing further into build to rent.

    By May 2, 2023
  • Two tall apartment towers flanking a green lawn.
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    Permission granted by Madison Realty Capital
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    Residential tower in Queens, New York, includes a new public school

    The first apartment tower at Woodside Central is open for leasing, with the school, retail and a pedestrian plaza underway.

    By May 1, 2023
  • A panoramic shot in New York City shows construction cranes dotting the skyline.
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    Alex Potemkin/E+ via Getty Images
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    First state law banning gas in new buildings likely to pass in New York

    Environmental and social justice advocates worry it will include a poison pill provision backed by the oil and gas industry.

    By Ysabelle Kempe • May 1, 2023
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    Pgiam via Getty Images
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    REIT Report

    Equity Residential’s same-store revenue is better than anticipated

    New York posts 19% growth, but California floods drive up expenses and San Francisco and Seattle struggle with concessions.

    By April 28, 2023
  • blocks showing the principles of ESG
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    Khaosai Wongnatthakan via Getty Images
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    Impact Council releases finalized investing guidance

    The Multifamily Impact Framework creates a roadmap for socially motivated private capital to invest in affordable and sustainable rental housing.

    By Updated Sept. 20, 2023
  • A rendering of a mid-rise apartment building.
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    Permission granted by Hunt Midwest
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    Deals + Starts: April 2023

    Beacon, Bonaventure, Lendlease and more were in the news.

    By Multifamily Dive Staff • April 27, 2023
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    Screenshot: Google Maps

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    PROJECT SPOTLIGHT

    Milwaukee mall-to-multifamily conversion goes viral on TikTok

    The Plankinton Clover apartments have caught the attention of over 1.5 million viewers.

    By April 26, 2023
  • A group of people in formal business attire and hard hats turn dirt on a construction jobsite
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    Courtesy of Lendlease/David Joshua Ford
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    Lendlease breaks ground on Brooklyn residential development

    As the Australian contractor starts its first for-rent multifamily complex in New York City, Google has hit pause on another of its major U.S. projects.

    By Zachary Phillips • April 26, 2023
  • 61 Banks
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    Permission granted by Draper and Kramer
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    Size, location matter most to wealthy renters

    Affluent tenants expect that their larger rent payments will translate into larger units, multifamily developers say.

    By Robyn Griggs Lawrence • April 24, 2023
  • A construction site.
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    Permission granted by Empire Group of Cos.
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    PROJECT SPOTLIGHT

    Arizona build-to-rent breaks ground near new semiconductor plant

    Village at Pleasant River is expected to attract residents who work at the nearby Taiwan Semiconductor Manufacturing Co. facility in Peoria.

    By Updated May 31, 2023
  • tropical hurricane approaching the USA.Elements of this image are furnished by NASA
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    istockphoto.com/MikeMareen

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    Opinion

    New hurricane-focused codes on the horizon for Florida

    Developers in the Sunshine State can expect much stronger building and land use regulations in the wake of Hurricane Ian, according to a construction expert. 

    By Don Neff • April 20, 2023
  • Drone angle view of Daytona Beach skyline and bridges over the intracoastal waterway.
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    Michael Warren via Getty Images
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    Oceanfront condo project halted by Daytona Beach officials

    The city expressed concerns about progress and safety issues at Protogroup’s 31-story condominium project, which has been under construction since 2018.

    By April 18, 2023
  • White apartments with palm trees and a road in the foreground.
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    Permission granted by Summit Contracting Group
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    Most firms on NMHC Top 25 Builders list saw increases last year

    Summit topped the ranking, reflecting both the company's growth and an active multifamily cycle, said President Marc Padgett.

    By April 17, 2023
  • An interior shot of a luxury apartment
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    Permission granted by 61 Banks Street
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    How to rent to a millionaire

    High earners are flooding the rental market, and they never settle for less.

    By Robyn Griggs Lawrence • April 17, 2023
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    Maria Turova via Getty Images
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    Total crane count rises but commercial work dips

    The number of cranes in North American cities grew by 7%, according to the most recent report by Rider Levett Bucknall, but the increase was concentrated in the multifamily sector.

    By Zachary Phillips • April 17, 2023
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    Permission granted by Alliance Residential
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    Alliance grabs the country’s top development spot from Greystar

    Only two developers on the NMHC Top 25 saw their starts decrease in 2022.

    By April 17, 2023
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    Courtesy of Mortenson
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    Mortenson JV breaks ground on Denver apartment complex

    The project is part of a $120 million, four-project fund portfolio assembled by Pinnacle Partners.

    By Zachary Phillips • April 17, 2023
  • A white building with two terraces flanking a room with large windows and white furniture.
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    Permission granted by Naftali Group/DBOX
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    PROJECT SPOTLIGHT

    Madison Avenue tower’s quadruplex penthouse sells for $67.8M

    The Bellemont, designed by Robert A.M. Stern Architects, comprises 11 sold-out units on New York’s Upper East Side.

    By April 13, 2023