Development: Page 20

  • Biker on a trail
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    Permission granted by Mill Creek Residential
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    Trails, open space attract outdoor-loving renters

    Many residents see nature as a premium amenity, making the extra investment and red tape worth it, developers say.

    By Robyn Griggs Lawrence • Feb. 24, 2023
  • Rendering of the planned Penn Station redevelopment
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    Courtesy of Office of Gov. Kathy Hochul
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    ‘Impossible to build’: Vornado postpones NYC development

    Flagging demand for office space, high interest rates and unfavorable capital markets have led the REIT to rethink its Penn Station project.

    By Sebastian Obando • Feb. 24, 2023
  • A rendering of a tall glass and steel apartment tower.
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    Permission granted by Chartwell Hospitality
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    DEALS + STARTS

    $500M mixed-use plan near Nashville kicks off with 12-story tower

    The Aureum Project in Franklin, Tennessee, will cover 1.75 million square feet at full buildout.

    By • Feb. 23, 2023
  • Headshot of Brian Oates
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    Permission granted by RangeWater
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    February 2023 Thought Leaders

    Executives from RailField Partners, KTGY, RangeWater and more talk about their latest challenges and successes.

    By Multifamily Dive Staff • Feb. 23, 2023
  • Street signs for the intersection of Wall St. and Broad St., with the stripes of an American flag in the background.
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    Michael Santiago/Getty Images via Getty Images
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    REITS report ‘cautious optimism’

    Multifamily Dive examines each of the major REITs’ most recent earnings report and their outlook for the year to come.

    By • Feb. 22, 2023
  • A row of townhomes backlit against the skyline.
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    Permission granted by The Bradley Projects
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    Q&A

    Appealing to the ‘life is short’ demographic

    Architect Jared Bradley shares the features and amenities winning over Nashville’s young renters.

    By • Feb. 21, 2023
  • A pool area with waterfalls, surrounded by palm trees, in the early evening.
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    Permission granted by Housing Trust Group
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    PROJECT SPOTLIGHT

    Housing Trust Group opens second upscale community in Phoenix metro

    Aviva – Goodyear in Arizona is 78% leased as of its opening.

    By • Feb. 17, 2023
  • Wall Street sign
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    kevinjeon00 via Getty Images
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    REIT Report

    Equity Residential sees positive employment signs amid uncertainty

    The REIT nears the finish line with some centralization initiatives as it works to corral costs.

    By • Feb. 17, 2023
  • An office building in New York City.
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    franckreporter/E+ via Getty Images
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    Office-to-residential conversions often hinge on government cooperation

    Adapting offices for residential use is often more difficult, more expensive and less profitable than new construction, one developer said.

    By Dan Rosenbaum • Feb. 15, 2023
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    AvalonBay pushes forward with expansion goals

    On its earnings call last week, the REIT said it sees signs of rent growth heading into spring leasing.

    By • Feb. 15, 2023
  • An artist rendering of a fountain in a park crowded with people walking through the development.
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    Permission granted by Google
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    Lendlease reports loss, points to new UK residential defect law

    The Australian developer and contractor is in year two of a five-year course correction, CEO Tony Lombardo said in an earnings call Monday.

    By Zachary Phillips • Feb. 14, 2023
  • People on bicycles in Pittsburgh, PA.
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    pawel.gaul via Getty Images
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    Pittsburgh office-to-residential conversion fund begins to accept bids

    The city’s redevelopment agency is accepting applications from developers looking to convert downtown office buildings into affordable housing.

    By Danielle McLean • Feb. 10, 2023
  • The pool deck of an apartment building at sunset.
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    Permission granted by 13th Floor Investments
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    PROJECT SPOTLIGHT

    37-story tower adds allure to Miami’s skyline

    The 421-unit Cascade is adjacent to a Metrorail station and The Underline public park.

    By • Feb. 9, 2023
  • Highway sign with the word "recession next exit" on it.
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    ZargonDesign via Getty Images
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    Rampant budget cuts anticipated amid recession fears

    A new study shows that companies are planning for a recession, even if there are mixed views about the economy.

    By Alexei Alexis • Feb. 7, 2023
  • Apartment clubhouse in the background with buildings on either side.
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    Permission granted by RangeWater
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    Q&A

    RangeWater focuses on the pre-development process

    With more uncertainty in the market, the Atlanta-based firm is looking at milestones and tracking its spending.

    By • Feb. 7, 2023
  • A rendering of the white exterior of an apartment building.
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    Permission granted by Carbon Cos.
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    DEALS + STARTS

    Carbon Cos. starts transit-oriented mid-rises in San Antonio

    The Greyson will consist of 291 units across three buildings near a major commuter junction.

    By • Feb. 7, 2023
  • Picture of the New York stock exchange and the Wall Street sign.
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    Spencer Platt via Getty Images
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    REIT Report

    Camden reports revenue gains, but notes a slowing rental market

    Sensing an opportunity in the future, the REIT could be more aggressive than its peers in developing new properties.

    By • Feb. 6, 2023
  • Statue of Liberty and New York City Skyline with Manhattan Financial District, Battery Park, Water of New York Harbor, World Trade Center, Sail Boat and Dramatic Orange and Blue Sunset Sky with Clouds
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    OlegAlbinsky via Getty Images
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    Top 10 metros for construction starts

    Even when adjusted for inflation, commercial and multifamily starts were robust in 2022 as projects moved back toward urban cores, according to a new report.

    By Sebastian Obando • Feb. 6, 2023
  • A large, square building surrounded by a sidewalk and landscaping.
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    Permission granted by Crescent Communities
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    Crescent Communities branches out into life sciences

    The mixed-use developer has three research-related projects underway in North Carolina.

    By • Feb. 6, 2023
  • The front of a concrete building with black grate balconies. People are walking by.
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    Permission granted by Sasaki
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    PROJECT SPOTLIGHT

    Modern high rise opens its doors in downtown Boston

    212 Stuart Street is described by designer Sasaki as a link between historic and modern neighborhoods.

    By • Feb. 3, 2023
  • Wall Street sign in the financial district of New York City.
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    JaysonPhotography via Getty Images
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    REIT Report

    MAA posts strong revenue, rent increases in Q4

    The REIT’s robust renewal rates are driving growth as new lease pricing moderates, according to the firm’s earnings call last week.

    By • Feb. 3, 2023
  • A pool surrounded by palm trees in the courtyard of a mid-rise building.
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    Permission granted by Cortland
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    PROJECT SPOTLIGHT

    Cortland opens first phase of mid-rise project near Tampa

    Cortland Riverview can support up to 113 electric vehicle chargers across several parking garages.

    By • Feb. 2, 2023
  • An apartment building under construction.
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    CHUNYIP WONG via Getty Images
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    How developers are keeping the construction pipeline flowing

    Panelists at the NMHC Apartment Strategies Conference offered a glimpse at their 2023 strategies during a session on Tuesday.

    By Multifamily Dive Staff • Feb. 2, 2023
  • New homes construction site. Framed houses. Lumber. Building. - stock photo.
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    fstop123 via Getty Images
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    ‘Recession is underway’ for residential builders

    The NAHB is projecting that multifamily starts will fall 28% this year and will stabilize in 2024 at about 374,000.

    By • Feb. 2, 2023
  • Apartment building under construction surrounded by high rises.
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    Joe Raedle via Getty Images
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    Multifamily starts drop 19%

    As the market cools, construction is concentrated in five metros, according to a new analysis.

    By • Jan. 31, 2023