Development
Alliance Residential Undertakes Massive Development Plan
Phoenix–With apartment supply struggling to keep up with demand, Alliance Residential Co. says it’s going to start about 5,000 units as part of a business plan for this year.
Indiana Seniors Housing Furthers City’s Redevelopment Plans
Mishawaka, Ind.–Sterling Development is partnering with Memorial Hospital of South Bend, Inc. to construct Heritage Place at LaSalle Square Senior Apartments in South Bend, Ind.
Alliance Restarts Stalled Vegas-Area Multifamily Development
Las Vegas–Alliance Residential Co. has restarted construction on the 152-unit Broadstone Ravello in North Las Vegas, formerly intended to be a condo development.
Allied Realty Kicks Off Construction of Suburban Houston Luxury Apartments
The Woodlands, Texas–Allied Realty breaks ground on The Retreat at The Woodlands, a community of 240 luxury apartment residences.
MHN Interview: Archstone’s Jay Curran
Jay Curran was recently named Archstone’s vice president of development for Texas. He talks to MHN about capitalizing on opportunities in the region.
Coast to Offer Chicago Renters a Place on the Lake
Magellan Development Group’s 499-unit high-rise apartment tower will rise at the northwest corner of Lakeshore East.
Luxury Apartments near Texas Medical Center Get Underway
Houston–Archstone has begun construction on a 474-residence project near the Texas Medical Center in Houston, where more than 93,000 employees work.
Affordable Housing TOD Planned for Denver
Denver–The Urban Land Conservancy has bought land along Denver’s FasTracks Southwest light-rail corridor to develop an affordable, mixed-use transit-oriented development called Evans Station Lofts.
Washington REIT and Crimson Partners Ink Apartment Development JV
Arlington, Va.–Washington Real Estate Investment Trust and Crimson Partners have formed a joint venture to develop a six-story, 150-unit mid-rise apartment complex in suburban Washington, D.C.
No Sewers? No Problem for Massachusetts Multifamily Property
Westford, Mass.–For Yule Development Co., the most difficult renovation problem in the redevelopment of its Abbot Mill property was the need to build a water treatment plant.