4 ways to transform old buildings into modern assets
As cities grow, their office inventories remain largely stagnant. Yet despite changes to the market—including the impact of hybrid work—opportunities still exist. Enter: “Midlife Metamorphosis.”
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As cities grow, their office inventories remain largely stagnant. Yet despite changes to the market—including the impact of hybrid work—opportunities still exist. Enter: “Midlife Metamorphosis.”
Crystal Pacific Window & Door Systems, the West Coast production affiliate of national manufacturer Crystal Window & Door Systems, recently supplied over 400 energy efficient vinyl windows for a new affordable housing community in San Diego, Calif.
In Brooklyn, New York, the recently opened Atrium at Sumner offers 132,418 sf of affordable housing for seniors. The $132 million project includes 190 apartments—132 of them available to senior households earning below or at 50% of the area median income and 57 units available to formerly homeless seniors.
Multifamily rents rose for the fourth month in a row, according to the May 2024 National Multifamily Report. Up 0.6% year-over-year, the average U.S. asking rent increased by $6 in May, up to $1,733.
As cities grow ever more crowded, multifamily housing construction is more necessary than ever. Finding ways to compress housing into smaller spaces while still creating true homes calls for a complex blend of innovative design and engineering.
Overall expenses per multifamily unit rose to $8,950, a 7.1% increase year-over-year (YOY) as of January 2024, according to an examination of more than 20,000 properties analyzed by Yardi Matrix.
The Biden Administration is considering how to spur more affordable housing construction with strategies to influence reform of local housing regulations.
Chicago voters in March rejected a proposed “mansion tax” that would have funded efforts to reduce homelessness in the city.
A new technical bulletin clarifies the definition of a window opening control device (WOCD) to promote greater understanding of the role of WOCDs and provide an understanding of a WOCD’s function.
Lamar Johnson Collaborative announced the debut of the firm’s Adaptive Reuse Scorecard, a proprietary methodology to quickly analyze the viability of converting buildings to other uses.
Living EmPower House, which is set to be the first zero-carbon, replicable, and equitable multifamily development designed for transactive energy, recently was awarded a $9 million Next EPIC Grant Construction Loan from the State of California.
Massachusetts Gov. Maura Healey recently launched a program to help cities across the state identify underused office buildings that are best suited for residential conversions.
JCCG's 200-unit Cottages at Lexington, in Athens, Ga., is fully leased.
Renovation of the two properties, with 200 apartments for seniors, was financed through a special public/private arrangement.