flexiblefullpage -
billboard - default
interstitial1 - interstitial
catfish1 - bottom
Currently Reading

Lendlease expands military housing nation-wide with Cadence Communities

Affordable Housing

Lendlease expands military housing nation-wide with Cadence Communities

The firm will develop U.S. Army’s first new privatized housing project since 2010 in Doral, Fla., and in total assume ownership and operation of more than 535 homes across seven installations nationwide upon completion.

By Lendlease | October 10, 2023
Lendlease Cadence Communities military housing launch
Recognizing the high cost of living in the Miami market, the new housing will provide affordable options for Army personnel assigned to SOUTHCOM

Lendlease, a global integrated real estate group that owns and manages more than 40,000 homes for the U.S. military, announced today it has closed ground leases at seven U.S. Army installations, which together establish the new Cadence Communities portfolio. The military housing transaction allows Lendlease to move forward with development, construction, maintenance, operations, and asset management activities.

Cadence Communities comprises 345 existing, newly privatized family units. Once the initial phase of construction is complete, that number will grow to more than 475 family housing units and 60 unaccompanied housing units at seven U.S. Army installations:

“Given the geographic diversity and variety in scale of these installations, as well as the wide-ranging profiles of the service members who will call these properties home, Cadence Communities presents a unique and nuanced opportunity to deliver a high-quality resident experience across the entire portfolio," said Justin Kern, Executive General Manager, Lendlease Communities. “As a proven, long-term military housing partner to the U.S. Army, we are honored that Lendlease has been entrusted as the provider of choice for this project that will create and improve much-needed housing to support military families for years to come.”

New U.S. Military Housing Breaking Ground

Lendlease will break ground in late 2023 on the Army’s first new privatized housing project in 13 years, providing housing inventory in Doral for personnel based at SOUTHCOM. The $110 million development will include approximately 75 family housing units, as well as 60 two-bedroom apartments for unaccompanied service members.

Recognizing the high cost of living in the Miami market, the new military housing will provide affordable options for Army personnel assigned to SOUTHCOM. The housing will be constructed immediately adjacent to the installation on approximately 51 acres of land, ensuring service members have affordable and convenient accommodations.

Cadence Communities will also incorporate 17 new family housing units that are currently under military construction at Fort Buchanan, in addition to the installation’s 29 existing housing units. Lendlease will take on management duties for those properties upon completion, which is expected by December 2024.

Additionally, Lendlease will identify operational efficiencies and opportunities for improved resident experience at Tobyhanna Army Depot, Rock Island Arsenal, Natick Soldier Systems Center, Fort Hunter Liggett and Fort McCoy. This includes potential future renovations.

About Lendlease
Lendlease is a globally integrated real estate group with operations in Australia, Asia, Europe and the United States. We create places where communities thrive. Headquartered in Sydney, Australia and listed on the Australian Securities Exchange (ASX:LLC), Lendlease has approximately 7,600 employees globally. Our core capabilities are reflected in our operating segments of Investments, Development and Construction. The combination of these three segments provides us with a sustainable competitive advantage in delivering innovative integrated solutions for our customers.

Related Stories

Multifamily Housing | Feb 29, 2024

Manny Gonzalez, FAIA, inducted into Best in American Living Awards Hall of Fame

Manny Gonzalez, FAIA, has been inducted into the BALA Hall of Fame.

MFPRO+ Research | Feb 28, 2024

New download: BD+C's 2023 Multifamily Amenities report

New research from Building Design+Construction and Multifamily Pro+ highlights the 127 top amenities that developers, property owners, architects, contractors, and builders are providing in today’s apartment, condominium, student housing, and senior living communities.

Affordable Housing | Feb 26, 2024

Biden-Harris Administration announces historic homelessness assistance funding

The Biden-Harris Administration allocation of $3.16 billion in homelessness assistance funding will be administered by the U.S. Department of Housing and Urban Development through the Continuum of Care Program.

Building Tech | Feb 20, 2024

Construction method featuring LEGO-like bricks wins global innovation award

A new construction method featuring LEGO-like bricks made from a renewable composite material took first place for building innovations at the 2024 JEC Composites Innovation Awards in Paris, France.

Sports and Recreational Facilities | Feb 19, 2024

Sports stadium developers sweeten projects with affordable housing to gain support

In recent years, sports stadium developers have been including affordable housing in their projects to win support from local governments and community activists.

MFPRO+ News | Feb 15, 2024

Oregon, California, Maine among states enacting policies to spur construction of missing middle housing

Although the number of new apartment building units recently reached the highest point in nearly 50 years, construction of duplexes, triplexes, and other buildings of from two to nine units made up just 1% of new housing units built in 2022. A few states have recently enacted new laws to spur more construction of these missing middle housing options.

Multifamily Housing | Feb 14, 2024

Multifamily rent remains flat at $1,710 in January

The multifamily market was stable at the start of 2024, despite the pressure of a supply boom in some markets, according to the latest Yardi Matrix National Multifamily Report.

Industry Research | Feb 8, 2024

New multifamily development in 2023 exceeded expectations

Despite a problematic financing environment, 2023 multifamily construction starts held up “remarkably well” according to the latest Yardi Matrix report.

Senior Living Design | Jan 24, 2024

Former Walgreens becomes affordable senior living community

Evergreen Real Estate Group has announced the completion of Bellwood Senior Apartments. The 80-unit senior living community at 542 25th Ave. in Bellwood, Ill., provides independent living options for low-income seniors.

Affordable Housing | Jan 18, 2024

Habitat tops off second apartment building at 43 Green

The co-developers of 43 Green celebrate the latest milestone for the $100 million, mixed-income, mixed-use project in Bronzeville: topping off Phase 2 while reaching full lease-up of the Phase 1 apartment building.

boombox1 - default
boombox2 -
native1 -

More In Category

halfpage1 -

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021