Development
Luxury Tower Completed in Manhattan
Torkian Group’s 223-unit residential building near the Empire State Building features a complex cantilevered design. The project’s location near rail tunnels and Penn Station posed logistical challenges for Cauldwell Wingate, the project’s construction manager.
NJHMFA Breaks Ground on Philadelphia-Area Affordable Community
Freedom Village at Gibbsboro will include 72 affordable rental units, with 18 units set aside for residents with special needs.
Essex Realty Sells Chicago Community
Partners Jim Darrow and Jordan Gottlieb represented the seller, JAB Real Estate, in the $24.5 million 1031 exchange transaction.
TCI Breaks Ground on TX Development
Situated within the 1,200-acre Mercer Crossing project in Farmers Branch, the 256-unit property is scheduled for completion by first quarter 2020.
Wood Partners Opens Fort Lauderdale Community
The developer broke ground on the 310-unit luxury asset in late 2016, financing the project with a $58 million construction loan from BMO Harris Bank.
JV Breaks Ground on SF Student Housing Project
In addition to the new student community—a public-private partnership of SF State and the developers—the university will open a four-story academic building totaling 76,000 square feet.
Housing Stock Lags Demand
Freddie Mac has released a report revealing that the short supply of new single-family homes could impact the multifamily market in years to come.
JV Breaks Ground on NY Student Housing Community
Upon completion in May 2020, the 64,000-square-foot property will offer 80 units serving students attending Columbia University. The development is located adjacent to the university.
Cutting Costs, Overcoming Construction Challenges in NYC
Broadway Construction Group’s Joseph Aiello shares his insights on the role value engineering plays in the development challenges.
Presidium Launches Major Mixed-Use District in Austin
The garden-style community is the first of Pecan District’s 10 phases. The 45-acre development is anticipated to be fully complete in 2028.