Development
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.
JV to Bring $44M Workforce Housing to Boston Area
Work on the 140-unit The Watson on Howard is scheduled to begin by June, with occupancy expected by July 2018. This community will feature the largest number of workforce units ever financed under MassHousing’s Workforce Housing Initiative.
LINC Opens LA-Area Affordable Community
Mosaic Gardens at Willowbrook is a $20 million development built for low-income families and homeless households, with support from several public and private entities. The latest homeless count shows there are nearly 47,000 homeless in Los Angeles County.
Lifescapes Designs Landscape for DTLA’s First Completed Condos in a Decade
The company has completed the design for the outdoor terrace and pool deck on the sixth floor of a 25-story project developed by Trumark Urban, which also features the country’s first drone landing pad.