Investor’s latest sweetheart: workforce housing
There is expected demand for an additional 4.5 million new apartments in the U.S. by 2030, according to data from the Workforce Housing Committee of the National Multifamily Housing Council, Washington. What’s more, deal activity...
Paradigm shift
The partners, who come from family-owned multifamily businesses with a combined 150 years of experience, plan to redefine the future of urban rental living by developing and managing apartment communities based on five principles:...
Uptown living, downtown budget
“I would say it’s the most social building I’ve ever seen,” said Daniel Ellch, a tenant. That’s by design: The developer, Property Markets Group (PMG), is entering the co-living market, offering slightly smaller private...
In Baltimore, Under Armour’s owner makes a $5.5 billion bet on his city
It wasn’t just the luxurious look of the 128-room hotel that made news. The building, once featured on the television show Homicide, part of the string of true-crime dramas that have given many an...
New York’s self-inflicted housing crunch
But there’s also the anxiety from New York’s crazy-quilt pattern of land use regulation, which a New York Times editorial recently labeled “High-Rise Anxiety.” The unease stems from the many overlapping restrictions both on...
Multifamily’s great reno invasion
Among those speakers was Chip Gaines, who recounted his experience doing facelifts on single-family homes in Waco, Texas, during his presentation at the conference. Chip, who shares the spotlight with his wife Joanna on...
$20 billion skyline
Employers, and by extension, cities seeking growth and tax dollars, are competing more fiercely than ever to become centers of innovation and attract top talent. In New York City, that thinking applies to the...
Leading beyond LEED
When the innovative foam-and-stucco structure at 803 Knickerbocker Avenue in Brooklyn couldn't hold up to the blower door test that's a standard trial of airtightness, the architect sent her staff scrambling throughout the six-story,...
Buildings with a past
New York has always been a place where people could start over, reinvent, try something new. Buildings have been no different. Perhaps from the moment somebody turned a stable in colonial Manhattan into a crash pad,...
Start spreading the news
De Blasio unveiled his administration’s ambitious plan to build and preserve 200,000 units of affordable housing, one that he says will house half a million people at a cost of more than $41 billion...
Millionaires in rent-stabilized apartments?
A polo-playing multimillionaire who allegedly broke up Gov. Andrew Cuomo’s marriage, a former tobacco executive who once chaired an anti-tax organization and the head of a hedge fund have all lived in rent-stabilized apartments...
You don’t always get what you want
Reilly’s building, the Windermere West End, a luxury rental, is one of several in the city that prohibit rent-regulated tenants from using new services like gyms, playrooms and rooftop gardens. Some co-op and condo...
With lantern and with ladder
The Park Square rental complex at Arlington Street and Columbus Avenue in Bay Village has been carved out of a 1927 Renaissance Revival building. Built for the Boston Consolidated Gas Co., it was part of...
Rising tide raises all rates
The state now expects all of the utilities it regulates to consider how sea level rise, extreme weather and other possible effects related to climate change will affect their operations and reliability as they...
Just what the doctor ordered
The architect for these model tenements, Henry Atterbury Smith, rethought the whole window idea, not only getting light and air inside the apartments, but also getting the tenants outside. At the turn of the last...
