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One High Line, a luxury residential project spanning a full city block in New York’s West Chelsea neighborhood, reached completion this summer following years of delays related to investor lawsuits.
Leasing recently began for The Dupont, a 41-story luxury rental property along the Brooklyn, N.Y., waterfront. Located within the 22-acre Greenpoint Landing, where it overlooks the newly constructed Newtown Barge Park, the high-rise features East River and Manhattan skyline views along with 20,000 sf of indoor and outdoor communal space.
AEC Giants with multifamily practices report that the sector has been struggling over the past year, despite the high demand for housing, especially affordable products.
The North Carolina Legislature’s rejection of building code updates likely worsened the damage caused by Hurricane Helene, code experts say. Over the past 15 years, lawmakers rejected limits on construction on steep slopes, which might have reduced the number of homes destroyed by landslides.
Minnesota recently enacted a first-in-the-nation statewide ban on smoking and vaping cannabis in multifamily properties including in individual living units. The law has an exemption for those using marijuana for medical purposes.
IAPMO has published a new white paper titled “Adaptive Reuse: Converting Offices to Multi-Residential Family,” a comprehensive analysis of addressing housing shortages through the conversion of office spaces into residential units.
Ending its six-month streak of growth, the average advertised multifamily rent fell by $1 in August 2024 to $1,741.
A movement to encourage more housing projects along the California coast has stalled out in the California legislature. Earlier this year, lawmakers, with the backing of some housing activists, introduced a series of bills aimed at making it easier to build apartments and accessory dwelling units along California’s highly regulated coast.
Coppia, a new high-rise luxury multifamily property in Chicago, features a distinctive façade with geometric features and resort-style amenities. The 19-story, 315,000-sf building has more than 24,000 sf of amenity space designed to extend resident’s living spaces. These areas offer places to work, socialize, exercise, and unwind.
Phius recently released, REVIVE 2024, a retrofit standard for more resilient buildings. The standard focuses on resilience against grid outages by ensuring structures remain habitable for at least a week during extreme weather events.
More than 1.2 billion sf of U.S. office space—14.8% of the nation’s total—have strong potential for conversion to residential use, according to real estate software and services firm Yardi. Yardi’s new Conversion Feasibility Index scores office buildings on their suitability for multifamily conversion.
A law passed earlier this year by the Washington State Legislature allows developers to defer sales and use taxes if they convert existing structures, including office buildings, into affordable housing.
KTGY, an award-winning design firm focused on architecture, interior design, branded environments and urban design, announced that it has acquired GDA Architects, a Dallas-based architectural firm specializing in high rise residential, hospitality and industrial design.
In a recent survey, builders and planners cited difficulty in generating community support as a key challenge to getting more affordable housing projects built. The survey by coUrbanize found that 94% of respondents tried to gain community input and support through public meetings, but many were frustrated by low attendance. Few respondents thought the process was productive.
