Development: Page 14

  • An older building with banners on the sides.
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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
  • A block of apartment complexes Explore the Trendline➔
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    Arturo Rosenow via Getty Images
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    Trendline

    Top 5 stories from Multifamily Dive

    A roundup of some of Multifamily Dive’s top stories of 2024.

    By Multifamily Dive staff
  • 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
  • A lot of cranes are building tall buildings.
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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
  • New grey apartment community
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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
  • A rendering of a waterfront apartment complex.
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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
  • Employees walk in front of a sign outside of the shuttered Silicon Valley Bank headquarters.
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    Justin Sullivan via Getty Images
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    Deep Dive

    4 ways that recent banking failures will impact the multifamily sector

    After the collapse of Silicon Valley Bank and Signature, multifamily borrowers could face challenges finding construction debt and loans from smaller lenders.

    By • April 12, 2023
  • A high-rise apartment building with a slightly twisted shape.
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    Permission granted by Michael Young
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    Q&A

    Curved condo tower opens in Brooklyn’s Dumbo neighborhood

    Thanks to the tower’s twisting sailboat shape, no two floors at Olympia have the same layout.

    By • April 11, 2023
  • A white, mid-rise apartment building with many balconies.
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    Permission granted by 13th Floor Investments
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    DEALS + STARTS

    First residential phase breaks ground at Parks at Delray mixed-use development

    13th Floor Investments and Key International are set to build out 747 units across two phases at the 50-acre project in Delray Beach, Florida.

    By • April 10, 2023
  • A high rise apartment from the ground floor
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    ImageGap via Getty Images
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    Opinion

    Real estate GPs need to get out their defensive playbooks

    A few simple moves can help multifamily and commercial real estate GPs run leaner while positioning them to pounce on emerging opportunities.

    By Michael Harris • April 6, 2023
  • A rendering of a mid-rise apartment building.
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    Permission granted by Hunt Midwest
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    DEALS + STARTS

    Development underway next to medical campus in Kansas City

    The Hudson will replace an older multifamily structure with 228 luxury residential units.

    By • April 5, 2023
  • A rendering of a high-rise apartment building.
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    Permission granted by Lendlease
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    DEALS + STARTS

    Lendlease development to feature New York’s largest multifamily geothermal system

    The 1 Java Street project will be entirely heated and cooled by a vertical closed-loop structure.

    By • April 5, 2023
  • A rendering of the front of a green building at street level.
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    Permission granted by MdeAS Architects
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    NYC’s McGraw-Hill building slated for residential conversion

    The $100 million project will transform the office tower’s upper floors into 224 luxury units, among other improvements.

    By • April 4, 2023
  • Lumber supplies sit on shelves in a construction supply store.
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    kali9/E+ via Getty Images
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    Uncertainty, financing issues causing construction delays

    Material prices are also a problem for multifamily developers but are growing at a much slower pace than a year ago, according to a new NMHC survey.

    By • April 3, 2023
  • Two people on a carousel, smiling in each others' direction.
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    Permission granted by Liane Hentscher/HBO
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    Abandoned mall from ‘The Last of Us’ to gain new life as mixed-use destination

    Northland Village Mall in Calgary, Alberta, will be converted into an open-air shopping center and 229-unit multifamily development.

    By • March 31, 2023
  • A mid-rise apartment building in the middle of a town center.
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    Permission granted by Talos Holdings
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    DEALS + STARTS

    Wellness-focused project breaks ground near Phoenix

    The One at Mountain Vista’s amenities will include licensed life coaches living on site.

    By • March 28, 2023
  • An overhead view of a housing development.
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    Permission granted by Bela Flor
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    Q&A

    Arizona development goes big on EV charging

    The team behind Bella Victoria anticipates that individual chargers will become standard across the industry in the future.

    By • March 24, 2023
  • Brown and white apartment building above a garage with people on the street in the foreground.
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    Permission granted by Alliant Strategic Development
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    Q&A

    Los Angeles developer eyes 10,000 affordable units

    By tweaking tax credit policy, Eddie Lorin thinks legislators can help stimulate more apartment development.

    By • March 23, 2023
  • A rendering of a mid-rise apartment building.
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    Permission granted by Newman Garrison + Partners
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    DEALS + STARTS

    Las Vegas developer expands into Idaho with 2-part project

    Seasons at Meridian from Morgan Stonehill will include 10 apartment buildings inspired by traditional farmhouse design.

    By • March 22, 2023