Operations

Vivian-Charlotte
DevelopmentNewsNorth CarolinaOperationsSoutheast

Move-Ins Begin at Charlotte’s Queensbridge Collective Luxury High-Rise

by Lynn Peisner

CHARLOTTE, N.C. — First move-ins are underway at VIVIAN, a 42-story building developed by Riverside Investment & Development and Woodfield Development. The skyline-changing project is comprised of 409 studios, one-, two- and three-bedroom units. The architect was Goettsch Partners. Interior design was led by Shelton Taylor Associates, with construction completed by Clark Construction Group. Amenities are distributed across multiple levels of the building, including a ninth-floor fitness center with indoor and outdoor components, a 10th-floor resident lounge featuring bowling and virtual golf, and a 42nd-floor rooftop pool deck with grilling …

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Arbor-House-Arlington-Heights
DevelopmentIllinoisMidwestOperations

Bradford Allen Begins Pre-Leasing at Arbor House, The First Phase of Arlington Gateway in Chicagoland

by Lynn Peisner

ARLINGTON HEIGHTS, ILL. — Locally based developer Bradford Allen has begun pre-leasing at Arbor House, a 301-unit community in Arlington Heights, 32 miles northwest of downtown Chicago. Cross Street is handling the leasing, while Lancaster Living is the property manager. Units are available as studios and one-, two- and three-bedroom layouts, with monthly asking rents starting at $1,895. Arbor House also features 26,000 square feet of ground-floor retail. The community will anchor Bradford Allen’s 18-acre mixed-use district known as Arlington Gateway. Arbor House marks Phase I of development, which will …

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Lantower-Sunrise-Kissimmee
Company NewsNewsOperationsSouth CarolinaSoutheast

Greystar Takes Over 7,895-Unit Portfolio

by Lynn Peisner

CHARLESTON, S.C. — Lantower Residential, a Dallas-based operator and subsidiary of H&R REIT, is exiting the property management business. Greystar will take over management of Lantower’s approximately 7,895 units. The phased transition began Feb. 17. Greystar will assume management responsibilities for 23 multifamily communities, including two properties under development. As part of the transition, many of Lantower’s onsite and property leadership teams will join Greystar. H&R REIT is based in Toronto with a U.S. and Canadian portfolio comprised of residential, industrial and office properties totaling approximately 21.2 million square feet.

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Sutton-Flats-Sherman
Affordable HousingDevelopmentLeasing & MarketingNewsOperationsTexas

The NRP Group Opens 300-Unit Mixed-Income Property North of Dallas

by Lynn Peisner

SHERMAN, TEXAS — The NRP Group and Texahoma Housing Partners have opened and begun leasing Sutton Flats, a 300-unit mixed-income community in Sherman, 65 miles northeast of Dallas. Half of the units are reserved for households earning no more than 80 percent of area median income. Monthly asking rents across the community range from $1,132 to 1,540. Amenities include a fitness center, coworking spaces with conference rooms, a game room, clubhouse and lounge, resort-style pool and a dog park. Sutton Flats residents also may rent garage parking spaces. The NRP …

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Taylor-Jones
Industry VoicesOperationsTechnology

What Multifamily Owners Need to Know About Choosing the Right Internet Infrastructure

by Lynn Peisner

By Taylor Jones I have been building bulk internet networks for more than 20 years. One thing has become clear to me over time: Owners are being asked to make infrastructure decisions that are perceived as technical, expensive and challenging to compare with other options in the marketplace. It is easy to feel like the only “safe” choice is fiber-optic cable throughout the building. While fiber is excellent technology and belongs in many projects, it is not the only path to a strong, modern, future-ready property. What follows is the …

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ABODE-at-Miller-Farm-Pineville
AlabamaMississippiNewsNorth CarolinaOperationsSoutheast

RKW Selected to Manage Three Properties in the Southeast

by Lynn Peisner

CHARLOTTE, N.C. — RKW Residential has been awarded new property management assignments at three communities. In Pineville, North Carolina, RKW is now managing ABODE at Miller Farm, a 98-unit build-to-rent townhome property owned by Edgewater Ventures. On behalf of owner Quadrant Communities, RKW is also managing two 240-unit properties operated under The Edison brand — The Edison at the Shores in Foley, Alabama, and The Edison at Colonnade Crossing in Oxford, Mississippi.

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Mark-English-E-and-A
Affordable HousingArchitecture & DesignDevelopmentIndustry VoicesOperations

Lemon Juice, Bank Robbers and an Affordable Housing Cautionary Tale

by Lynn Peisner

By Mark English One of the most famous illustrations of the Dunning–Kruger effect dates back to 1995 in Pittsburgh where two men robbed a bank in broad daylight without wearing masks, sunglasses, fake mustaches or any form of disguise. Unsurprisingly, they were quickly identified on closed-circuit television and arrested. What stunned law enforcement — and later the academic community — was the explanation the suspects offered. They genuinely believed that by rubbing lemon juice on their faces, they would be invisible to security cameras. Their reasoning was that lemon juice …

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La-Ostra-Inwood
Affordable HousingDevelopmentNew YorkNewsNortheastOperations

New York City Selects Development Team for 600-Unit Affordable Housing Project in North Manhattan

by Lynn Peisner

NEW YORK CITY — The New York City Department of Housing Preservation and Development (HPD) has selected Slate Property Group, Xenolith Partners and Communilife to develop La Ostra on a vacant lot in Inwood, the northern-most neighborhood in Manhattan. The project will include 600 units, 200 of which will be reserved for seniors. All apartments will offer affordable rents. Specific income restrictions were not disclosed. The developers will also build a marine science and STEM education center that will be operated by the Billion Oyster Project, a nonprofit founded in …

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Novel-River-District-Charlotte
Company NewsLeasing & MarketingOperations

RKW Tapped to Manage NOVEL River District in Charlotte

by Lynn Peisner

CHARLOTTE, N.C. — Crescent Communities has hired RKW Residential to third-party manage the developer’s NOVEL River District, a newly completed 318-unit property located within The River District, a 1,400-acre master-planned community in West Charlotte. NOVEL River District was the first project to be completed on the site. At full-build-out, The River District will include approximately 2,350 multifamily units as well as single-family, for-sale homes. NOVEL River District offers studio, one- and two-bedroom apartments and amenities such as a resort-style pool, fitness center, a plant room, outdoor recreation areas, dog park, …

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Zach-Schofel-Cosign
Industry VoicesLeasing & MarketingOperationsTechnology

The Housing System Keeps Saying No to the Wrong People

by Lynn Peisner

I grew up around real estate. That meant summers power washing roofs in brutal heat, ripping out old carpet, painting benches and learning early that nothing about buildings is abstract. Someone pays for every decision. Someone lives with every mistake. My father and uncle ran a real estate company started by their father. From a young age, the rules were simple: work hard, study hard, be grateful. If you do those things, the system will reward you. For a long time, I believed housing worked the same way. As a …

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