Development
Top 10 Largest DC Communities Under Development
The city’s multifamily market is experiencing strong fundamentals, including robust employment, healthy population gains and record-breaking rental rates, per-unit prices and median home values.
1st High-Rise Debuts in DTLA $1B Project
Greenland USA opened the first luxury residential building, part of its Metropolis mixed-development, which towers 38 floors above the city. Two other towers are under construction.
CityView, Dinerstein to Develop CO Luxury Apartments
The proposed 350-unit, Class A development will be replacing an underutilized retail center at the site. Groundbreaking is scheduled for August 2017 and completion for mid-2019.
JV Launches VA Affordable Housing
Jefferson Apartment Group, SCG Development and the Fairfax County Redevelopment and Housing Authority are developing Residences at Government Center, a 270-unit property in Fairfax County.
KTGY, Trammell Crow Break Ground on $135M CA Mixed-Use Project
Dubbed the Alexan Webster, the 1.42-acre destination will include 234 luxury apartments with 15 percent of its units designated as affordable. Completion is scheduled for summer 2019.
Greystone Provides $23M HUD Loan for FL Development
Viking Cos. will use the funds to build 23 West Apartments, a 176-unit community in Gainesville, Fla. The HUD-insured loan period covers 17 months of construction plus 40 years.
JV Brings 156 Senior Units to Charleston
Alex Brown Realty, Wakefield Capital and Affinity Living Group are developing a 120,000-square-foot community slated for completion in June 2018.
BBX Capital Completes 2 Buildings at Orlando Community
Upon final completion, The Addison on Millenia will consist of 10 buildings offering a total of 292 units. The community is part of The Gardens on Millenia mixed-use development.
The Local Breaks Ground in Tempe
Forum Real Estate Group is developing a mixed-use project that will include a nine-story apartment community with 286 units and a ground-floor Whole Foods Market 365 store.
Tishman Speyer’s Jackson Park Tops Out in NYC
The community, located in New York City’s fastest-growing neighborhood, Long Island City, Queens, will include more than 1,800 apartments and 120,000 square feet of indoor and outdoor amenities, as well as a private 1.6-acre park.