Development
First Phase of Imperial Valley Luxury Community Completed
Sunrise Management is in charge of marketing, management and leasing of the 240-unit project in El Centro, Calif., designed by TSA Architects.
Melo Group Tops Off Miami Condos
The waterfront development is situated along Biscayne Bay in the Arts and Entertainment District. Of Aria on the Bay’s 648 units, 80 percent are already under contract.
Museum BLVD’s Final Look
Reflecting the design of nearby museums, the mid-rise Houston development will flaunt a building envelope composed of stucco featuring a façade with ceramic tile pattern. First-floor condos will offer expanded outdoor living spaces with artistic railings created from laser-cut metal.
Fifield Begins Construction on Largest Tower in Chicago
A joint venture with F&F Realty broke ground on 727 West Madison, a 44-story, 492-unit luxury community with more than 10,000 square feet of retail space, in the West Loop.
MHN’s Top 5 April 2017 Articles
Miss out on any MHN stories in April? Here are five of our most popular articles for the month, including the top 10 apartment owners in Los Angeles and the status of Chicago development.
Creating the Blend
Versatile HTG Brings Fresh Approaches to Affordable Communities. Since its founding more than 20 years ago, Coconut Grove, Fla.-based Housing Trust Group has completed upward of $2 billion worth of transactions. HTG’s 5,900-unit portfolio spans Florida, the Southeast and Arizona, and includes market-rate, affordable and student communities. Its development pipeline exceeds $235 million. HTG President & CEO Matthew Rieger recently discussed development, affordable housing and strategy with MHN.
Dominion Plans New Senior Living Community
The forthcoming religiously affiliated Kentucky community will care for those with Alzheimer’s, dementia and other memory-related and health issues while still allowing supervised independence.
JV Wins Equity Funding for D.C.-Area TOD
A joint venture between Peter N.G. Schwartz Management Co. and Hensel Phelps Construction Co. obtained $16 million of preferred equity toward the development of Allure Apollo in Camp Springs, Md.
Oakwood to Manage Columbus Mixed-Use Project
The local property management company will manage River & Rich, a 230-unit project currently underway downtown Columbus, Ohio. The community is set to open during summer 2018.
Why Affordable Apartments Are Hard for Low-Income Renters to Find
Kim Betancourt, who oversees economics and market research for Fannie Mae’s multifamily platform, talks about her team’s latest findings on barriers to affordability.