Development
BCN Plans Condos for Brooklyn Law School Property
New York–BCN Development has inked a deal with Brooklyn Law School to acquire the school’s former residence hall and convert the Beaux-Arts style building into 24 two-bedroom condominiums.
MHN Roundtable with KTGY Group
Three principals from KTGY Group speak to MHN about what they took from the NAHB Builders’ Show and what they see happening on the cutting edge of design and development in the multifamily industry.
Enterprise Provides $1.5M to Help Meet Affordable Housing Need
Los Angeles–Enterprise Community Partners Inc. has culled $1.5 million to aid sustainable low-income housing projects in an area where supply of affordable housing has been out of pace with demand.
New Apartments Planned for Former Retail Site in Glendale
Glendale, Calif.–American Post Development has formed a joint venture with a BlackRock-managed fund to develop the 208-unit Broadway Lofts in Glendale’s entertainment district.
Hardin Construction Hard at Work on Another Green Affordable Seniors Housing Project
Smyrna, Ga.–Work is underway on the 88-unit affordable seniors housing project, Hardin Galleria Manor of Smyrna, which is being designed for LEED Silver certification.
USAA and Gables Residential Partner for MF Development
USAA and Gables Residential have formed a joint venture to develop multifamily properties at urban infill sites and buy an interest in some of Gables Residential’s apartment properties.
200 Squared Debuts as Green Architectural Gem in Chicago’s Loop
Chicago–200 Squared, a 42-story apartment property, was developed to be one of the greenest residential high-rises in the Loop.
St. Anton Secures Funds for $57M Suburban SF Mixed-Income Project
San Ramon, Calif.–St. Anton Partners has managed to obtain a $48.6 million loan with relative ease for Highlands Point Apartments, its $57 million San Francisco Bay-area project.
Best Bet for Building: Small Units in an Urban Location
There appears to be a serious rental shortage in the making, and the greatest demand will come from Baby Boomers and their progeny—the emerging Renter Nation. Ironically, both groups want urban apartments that are smart-sized and affordable.
SPECIAL REPORT: Apartment Project Feasibility Should Be Carefully Considered, Say Experts
Orlando, Fla.–Panelists at the NAHB Builders’ Show say that the first step in developing apartments is to determine the feasibility of the project.