Development: Page 4

  • 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
  • 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 Multifamily Dive staff
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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
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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
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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
  • 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
  • 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
  • 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
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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
  • 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
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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
  • 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
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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
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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
  • 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
  • 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
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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
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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
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    Maudib via Getty Images
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    ‘Mild recession’ expected to dampen future multifamily deliveries

    Tight financing, economic weakness and record levels of new supply are taking a toll on construction estimates, Yardi says.

    By • Nov. 14, 2023
  • Concept rendering of the proposed City of Telosa.
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    Permission granted by BIG and Bucharest Studio
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    Billionaire-planned smart cities in the US: What’s the latest?

    To date, most of these grand plans have made little progress and face scrutiny from residents, local governments and states.

    By Adina Solomon • Nov. 14, 2023
  • A view of the buildings at Florida State University from the observation deck of the Florida Capitol building.
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    Michael Warren via Getty Images
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    DEALS + STARTS

    Landmark assembles 20 parcels for Florida project

    The developer is building an 859-unit luxury student housing project in Tallahassee.

    By • Nov. 13, 2023
  • A lobby area with white chairs. Someone is behind the front desk and another person is walking a dog.
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    Tom Harris

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    How to integrate the arts into new multifamily projects

    Developers are engaging current and potential residents by featuring original work from local artists and offering creative amenities.

    By • Nov. 13, 2023
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    rgaydos via Getty Images
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    Sponsored by Apartments.com

    Mid-priced apartments drive a potential multifamily recovery

    The multifamily market has begun to approach stabilization in the third quarter. However this normalization trend has shown stark divides among property classes. 

    Nov. 13, 2023