Development
MHN Interview: Pierce-Eislen’s Ronald Brock, Sr.
Ronald Brock, Sr., president and CEO of Pierce-Eislen, Inc., talks to MHN about the economic factors keeping demand ahead of supply in the apartment industry, such as household formations and cost of materials.
Ground Breaks on $14M Upscale Rental Retirement Community in Florida
Melbourne, Fla.–Work has gotten underway on Sonata at Melbourne, a 127-residence rental retirement community that will help fulfill a need for seniors housing.
Extell’s Riverside Center on Track for Late 2010s Completion
New York–The 3 million square-foot mixed-use Riverside Center is on track, and will include 2,500 apartment units and a 250-room hotel.
Bay Area Transportation Commission Creates Affordable Housing Fund
Oakland, Calif.–The Oakland-based Metropolitan Transportation Commission has established a new $50 million revolving loan fund for affordable housing developers.
Improved Assets Mean Improved Community: Harlem Multifamily Owner
New York–In light of planning grants through the new Choice Neighborhoods Initiative, private multifamily owners are eager to point out how their own investments in multifamily properties can improve neighborhoods and quality of life.
Domain Kicks Off New Orleans Multifamily Redevelopment
New Orleans–The Domain Cos. has started construction on Gold Seal Lofts, a $7 million conversion of the former Gold Seal Creamery plant into green mixed-income housing.
Successful Development Builds from the Consumer Up
For developers, knowing their markets includes not only knowing their residents, but knowing their capabilities.
West Virginia Student Housing Project Breaks Ground
Granville, W. Va.–Asset Plus Cos. and Diamond Realty Investments Inc. have broken ground on the Domain at Town Centre, a student housing development at West Virginia University.
$98,000 Affordable Housing Grant Paves Way for New Subdivision in Rural Alabama
Calera, Ala.–With a $98,000 grant through BancorpSouth and the Federal Home Loan Bank of Dallas, plans for a 30-residence affordable-housing development are back on track.
Infrastructure Growth in Latin America Promises Heightened Residential Demand
Washington, D.C.–The number and value of infrastructure projects in Latin America is ballooning, pointing to expanding economies for a number of countries in the region.