Development
NAHB Names Michaels MF Development Firm of the Year
NAHB honors Michaels Development Co. for leadership in the multifamily housing industry and successful achievement of the company’s vision and goals.
Jamboree Breaks Ground on Intergenerational Affordable Housing Project
Claremont, Calif.–Jamboree has broken ground on Courier Place Apartment Homes, which will be a 75-unit, unified apartment community for low-income seniors and working families.
NAHB Indexes Point to Stronger Multifamily Market Ahead
NAHB’s Multifamily Production Index shows that development is at its highest point since 2007.
McCaffery Begins Marketing for Ambitious Chicago Lakeside Development
Chicago–McCaffery Interests Inc. has kicked off the marketing of Chicago Lakeside Development L.L.C. by opening a 2,000-square-foot marketing center on the site of the development.
USAA Purchases Suburban DC Site for Mixed-Use TOD
Arlington, Va.–USAA and Zom will create a Class A residential and retail destination, and further solidify the area’s reputation as a leader in transit-oriented development.
Peterson and Bozzuto Partner for First National Harbor Apartments
Washington, DC–With the joint venture of The Peterson Companies and The Bozzuto Group, National Harbor will have its first apartment community.
Stimulus Funds Help Kick Off Affordable Senior Housing Project
Waukegan, Ill.–The assistance of federal stimulus funds allowed Banner Apartments to begin constructing The Residences at Fountain Square outside Chicago.
Sycamore Urban Restarts Los Angeles-Area Townhome
Thousand Oaks, Calif.–Construction of an incomplete townhome project is about to pick up where it left off in 2008 now that Sycamore Urban Properties has taken the property off the hands of the FDIC.
Pioneering Green Mixed-Income Project Underway in St. Louis
St. Louis–Construction has commenced on Arlington Grove in St. Louis, and the 112-unit mixed-income residential redevelopment may spark a green trend in the creation of properties that unite low-income and market-rate units under one roof.
Seniors and Affordable Green Multifamily Projects under Way in Chicago
Chicago–Ground has been broken for the New Admiral at the Lake, a 31-story life-care/continuing-care retirement community on the North Side of Chicago.