Development
Construction Begins on $30M Affordable Project in Long Island
Speonk Commons will consist of 66 units, across two development sites in Suffolk County. Several public and private entities provided funding for the project.
NYCHA Partners Up for Affordable Housing Renovations
Including these three new developer alliances, the PACT program will have updated 3,077 apartments with a total investment of $640 million.
Top Predictions for 2018
Top multifamily professionals from around the country shared their predictions for 2018 as they gathered in Orlando for the annual NMHC Apartment Strategies Outlook conference.
DCHFA Closes $11M Deal to Fund DC Affordable Community
The agency issued $11.3 million in bond financing for the preservation of 94 affordable units at Maplewood Apartments in the southeast quadrant of the nation’s capital.
CBRE Brokers Sale of Koreatown Project Site
The plot at the corner of 8th Street and Harvard traded to Jamison for $14 million. The site is fully entitled for the construction of a transit-oriented development.
Hubbard Street Group Develops Luxury Chicago Property
Fields Lofts, underway in the former Marshall Field’s warehouse in Logan Square, will include, will include a co-working space, a chef’s kitchen and 94 parking spaces.
JPI Expands TX Footprint
The company is bringing another luxury development to Farmers Branch in the form of Jefferson East Branch, set to be constructed in two phases between 2018 and 2020.
Partnership Opens $10M Affordable Community in NY
Built on the site of a former fabric store in Rockland County, N.Y., Nyack Point Apartments features 33 units. The building is LEED certified to the Gold level.
San Diego Affordable Community Breaks Ground
Affirmed Housing Group is developing Bluewater, an 80-unit affordable housing community that marks the firm’s third project in San Diego’s Grantville neighborhood.
IDI Completes Luxury VA Property
The company completed the first of two buildings in its Rivergate community, located in Woodbridge. Kettler is handling the management.