Development
American Campus Communities and ISU Partner on $59.6M Student Apartment Project
Normal, Ill.–American Campus Communities Inc. and Illinois State University will break ground on Cardinal Court, an 896-bed student-housing community.
Governmental Impediments to Urban Development
Fiscal realities at all levels of government may put a brake on smart urban development, such as resistance to high-speed rail systems and the abolishment of TIFs.
Charlotte Apartment Development to Break Ground Next Month
Mooresville, N.C.–Construction is slated to begin on Fountains at Mooresville Town Square, a 227-unit, $23 million apartment property developed by Hawkins-Dixon Ltd.
L.A. Greenlights Wilshire Blvd. Multifamily Development
Los Angeles–The Los Angeles City Council approved plans this week for The Vermont, a 464-unit apartment complex with ground-floor retail and a public park.
Prometheus Clears Site for TOD Development
Mountain View, Calif.–Prometheus Real Estate Group Inc. has cleared a site in downtown Mountain View for a new 203-unit apartment complex.
Mixed-Use, Mixed-Income Apartment Project in D.C. Makes Its Debut
Washington, D.C.–3Tree Flats, a mixed-use residential, transit-oriented development, has opened in Washington, D.C.’s Petworth Neighborhood.
Summit Design + Build Hits Restart on Stalled Chicago Apartment Project
Chicago–Development of the luxury apartment building in Chicago’s Wicker Park neighborhood is back underway now that Summit Design + Build L.L.C. has stepped in and taken the construction reins.
Historic Landmark Begins Transformation into Artist Lofts in New Orleans
New Orleans–It has been nearly six years since New Orleans was hit by a devastating hurricane, but the post-Katrina revitalization of the City continues and a former condiment factory is going to play its part.
Abode Begins Work on SoCal Affordable Seniors Housing Projects
Los Angeles–Abode Communities broke ground recently on two new affordable seniors housing projects in greater Los Angeles, Terra Bella in Bell Gardens and Hudson Oaks in Pasadena.
Upscale Apartment Project in D.C. Attracts Mayor’s Attention
Washington, D.C.–Rhode Island Row, a 274-unit apartment project in the midst of being developed by Urban Atlantic and A&R Development Corp. in Washington, D.C., recently grabbed the attention of the city’s Mayor, Vincent C. Gray, who visited the $107 million luxury residential project’s construction site on April 5.