Development
$560M Redevelopment of Storm-Damaged Community Wraps Up in NYC
A joint venture of MDG Design + Construction and Wavecrest Management completed the rehabilitation of a 1,395-unit public housing community in Far Rockaway, Queens. The project is the country’s largest single-site conversion under HUD’s RAD program.
Luxury Mixed-Use Project Breaks Ground in NY
The 60-unit community is located in the heart of New Rochelle, a suburb of New York City that is in the midst of an ambitious revitalization plan.
Greystar Takes $72M Construction Financing in Nashville
Northwestern Mutual provided the seven-year mortgage to fund development of the 300-unit high-rise in The Gulch, a hotbed of development activity in the city center.
Wood Partners Breaks Ground on Seattle Community
Located in the historic Columbia City neighborhood, the 243-unit Alta Columbia City marks the company’s third multifamily project in the metro.
Oden Hughes Breaks Ground on Houston Project
The developer began construction of a 380-unit luxury community in the Clear Lake suburb. With MXCAP as a major investor, the project is slated for completion in mid-2020.
AvalonBay Starts Development of Mixed-Use Project in New York
Avalon Harrison, located next to a commuter railroad station in Harrison, N.Y., will have 143 luxury rental units and 27,300 square feet of retail along with new parking and public plazas.
Luxury High-Rise Opens in Chicago
The 500-unit community in South Loop received a Certificate of Occupancy for the first 25 floors. The interior finishing work for the remaining apartments is slated for completion in August.
Washington Property Co. Delivers Maryland Project
The 20-story, 338-unit luxury community in Silver Spring is about half leased. The transit-oriented development marks another milestone for the city’s evolving Ripley District.
Aria Delivers Mixed-Income Units to DC
The Clifton, which has 156 market-rate and affordable units ranging in size from studios to four bedrooms, is located in Washington, D.C.’s 14th Street Corridor.
Trammell Crow Starts Work on Texas Apartments
The developer’s residential arm, together with Principal Real Estate Investors, has broken ground on the final phase of Crestview Commons in the North Central submarket of Austin.