Development

Washington, D.C.—Community Preservation and Development Corp. (CPDC) and Crawford Edgewood Managers Inc. (CEMI) recently celebrated the grand opening of The Overlook at Oxon Run, a seven-acre, 316-unit inter-generational housing development for low-income seniors and moderate-income workers.

Rosemont, Ill.–McShane Development Co. has hired Andrea A. Bills as vice president in the firm’s corporate headquarters in Rosemont, Ill.

A new program could provide a sizable jolt to the already-popular practice of retrofitting existing commercial properties to increase environmental sustainability. The Community Preservation Corp., a non-profit affordable housing lender, has unveiled a new public-private partnership that aims to provide $1 billion in funding for energy efficient upgrades and green retrofits to multifamily properties.