Development: Page 7

  • 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."
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    Justin Sullivan/Getty Images via Getty Images
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    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.
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    ribeirorocha via Getty Images
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    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.
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    Permission granted by KGD Architecture
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    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.
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    Retrieved from NAI Ohio Equities on June 13, 2024
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    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.
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    Courtesy of Ālia
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    $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.
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    Permission granted by Leon Capital Group
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    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.
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    Courtesy of Foster + Partners & Kerry Hill Architects
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    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.
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    Courtesy of Gotham
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    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.
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    Courtesy of Gilbane Building Co.
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    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.
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    Courtesy of Redgate
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    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.
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    LMS Architects/Hood Design Studio

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    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.
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    Moya Design Partners, Montgomery County Planning Board

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    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.
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    Hunter Pasteur Homes

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    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
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    Permission granted by Bozzuto
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    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.
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    Permission granted by 390 Ocean Owner LLC
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    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.
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    Permission granted by Riaz Capital
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    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.
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    Colin Miller

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    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.
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    Courtesy of Extell
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    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
  • Lounge area with chairs
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    Permission granted by AvalonBay Communities
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    Q&A

    Inside AvalonBay’s strategy to woo residents who work from home

    The REIT has redesigned dining spaces, bedrooms, common areas and even operations to accommodate renters who work remotely.

    By • May 28, 2024
  • A mid-rise apartment building.
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    Courtesy of Flournoy Development
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    Flournoy launches new high-end multifamily brand

    Ellison by Flournoy has seven projects in development, many of them in the Southeast.

    By • May 28, 2024
  • A building with vegetation growing along the sides.
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    _ultraforma_ via Getty Images
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    Sustainability is a ‘differentiator’ for multifamily developers

    With regulations and incentives now widespread, experts encourage looking at energy-efficient features with an entrepreneurial lens.

    By • May 23, 2024
  • The Wall Street sign in the Financial District of Lower Manhattan in New York City.
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    hapabapa via Getty Images
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    REITs beat expectations in Q1

    Strong occupancy and resident retention set the stage for outperformance.

    By • May 23, 2024
  • Multifamily residential building under construction
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    Sundry Photography via Getty Images
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    Apartment starts continue to drop

    Permits also fell during April, while completions rose 18%.

    By • May 22, 2024
  • Tables and chairs among greenery on a rooftop.
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    Salvi Media

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    Consumer interest in wellness has reached a critical mass

    Health-focused features drive value and revenue at multifamily properties, according to speakers at the Wellness Real Estate and Communities Symposium.

    By • May 21, 2024
  • A neighborhood of single-family homes.
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    Bilanol via Getty Images
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    The top 10 residential builders of 2024

    Even with high interest rates, most of the country’s top home builders have held steady or improved their closing numbers, according to Builder magazine’s annual ranking.

    By • May 20, 2024