Development
Somerset and NHT/Enterprise Form JV to Purchase and Redevelop DC Affordable Housing Community
Somerset Development Company and the National Housing Trust-Enterprise Preservation Corporation have entered into a joint venture for the purchase of the 223-unit Channel Square Apartments located at 325 P Street SW in Washington, D.C.
APARTMENT MARKET STATISTICS: December 2013
Banks are increasing their construction loans for the first time since 2007, according to Chandan Economics.
Constructions Begins on 400 Grove in SF’s Hayes Valley
DDG and DM Development have announced the groundbreaking of the 34-unit, 400 Grove in San Francisco’s Hayes Valley neighborhood. The building will be the development team’s second of three that are planned for Hayes Valley.
Market Report: Midwest-Surprisingly Strong
Chicago, Minneapolis and Detroit are three markets definitely worth watching.
Development: Baby Boomers
Through technology and independence, this demographic will reshape senior living for years to come.
Executive Insight: Growth Opportunity
CEO Jeff Elowe shares insights into Laramar’s strategy
SPECIAL REPORT: Development and Design Trends that Drive Occupancies
By Keat Foong, Executive Editor New York—What type of apartments do Echo Boomers want to live in? Some developers have the answer down to a science. At an October 9 panel discussion presented by MHN, an architect, investor and developer shared what they know about the development and design features that drive occupancies in apartments today. The event was held at the Manhattan showroom of Interface which sponsored the event in partnership with Universal Fibers. Among the apartment elements cited as important, or even critical, for attracting the Gen Y target market are: a low-rise, walkable, urban location; boutique hotel-level…
MHN TV: Jamie Gorski on Why Apartment Customers Expect Great Design
Jamie Gorski, senior vice president, corporate marketing, The Bozzuto Group, says that under Toby Bozzuto’s leadership, the company understands multi-housing design needs to be “authentic,” which means it has to be conducive to the flavor of the local neighborhood.
Enterprise Introduces New Fund for Affordable Housing Investment
Enterprise Community Investment has revealed its new fund, the Enterprise Housing Partners 24 Fund, which aims to streamline the investment process of developing affordable housing nationwide.
Othello Partners Awaits Design Review on New Rainier Valley Residential Project
Local developer Othello Partners is once again looking to develop a residential complex, in the vicinity of another high-profile project that the company debuted two years ago. Station at Othello Park was in itself an ambitious project, announced and developed in a time of uncertainty for the national residential market. Now the company will follow the Station with its new, Othello Station North.