Sentences with phrase «rate apartment developments»

One way to help reduce the shortage of designated affordable housing is to include a certain amount of income - restricted units in otherwise market - rate apartment developments.

«Going forward, market - rate apartment development will be more spotty,» says Dennard, «but I do think we will see more signs of that in the first quarter.»

Not exact matches

The report compares several projects by the de Blasio administration to the Aspen, an early Bloomberg - era development and venture between Ms. Glen and L&M that included half market - rate apartments, and half that were affordable units at either 50 or 130 percent of the city's so - called area median income (currently about $ 86,000 for a family of three).

On Tues., Mar. 20th, during its full Executive Committee meeting, CB12 formally passed the resolution that sought to limit the New York City Economic Development Corporation's large - scale plan for rezoning great expanses of Inwood that would include high - rise, market - rate apartment buildings.

City neighborhood and development commissioner Paul Driscoll doesn't think there are any other housing projects like it in the city: a mix of market rate apartments with affordable apartments in one building.

The Erie County Industrial Development Agency approved tax breaks Ellicott Development's plans to renovate a century - old former General Electric Co. warehouse where Busti Avenue and Niagara Street intersect along Sinatra & Co.'s proposal to renovate the former Phoenix Brewery building on Ellicott and Virginia streets and Paul Kolkmeyer's concept of transforming the former Stanton Building at 251 Main St.. All are anchored by market rate apartments.

The park's board — chaired by Alicia Glen, deputy mayor for housing and economic development — will vote on a proposal, which has been modified since its introduction, to build two towers that include 100 below - market - rate and 266 high - end apartments at Pier 6 in the waterfront park.

He also added a dig of his own at the de Blasio administration's already - underway effort to construct new affordable housing at the development, a crucial part of the mayor's ambitious plan to create or preserve 200,000 below - market rate apartments.

A pair of Buffalo projects that would turn abandoned school buildings into a 53 market - rate apartments are getting tax breaks from the Erie County Industrial Development Agency.

The Erie County Industrial Development Agency gave preliminary approval to a new county - wide policy that would place additional restrictions on tax breaks for senior housing projects, especially those that would build market - rate apartments aimed at middle - and upper - class seniors.

The projects include JDS Development Group's 1,000 - foot tower at 247 Cherry St.; 62 ad 69 story towers from L+M Development Partners and the CIM Group at 260 South St.; and a 62 - story building by the Starrett Group at 259 Clinton St.. The rental buildings would add about 2,700 apartments to the area — 75 % market rate / 25 % affordable.

The new projects in the Two Bridges area include JDS Development Group's 1,000 - foot tower at 247 Cherry St.; 62 ad 69 story towers from L+M Development Partners and the CIM Group at 260 South St.; and a 62 - story building by the Starrett Group at 259 Clinton St.. The rental buildings would add about 2,700 apartments to the area — 75 % market rate / 25 % affordable.

After the tech hub is erected, one theory goes, more residential and commercial development — such as luxury and market - rate apartment buildings, chain stores, and hotels — would change the community character, make the surrounding areas less affordable to small businesses and unrecognizable to long - time residents.

Ms. Olatoye's proposed program would use open space at the developments to construct 13,500 below - market - rate apartments — contributing to the mayor's ambitious affordable housing agenda — and 3,500 units for more upscale tenants.

Young Development, responding to a Request for Proposals (RFP) in October of 2016, put forth a mixed - use project that includes a 17,000 square foot library with 1,400 square feet of retail space and 44 market - rate apartments.

Continued positive multifamily demand fundamentals and ready access to capital at attractive rates is fueling a surge in new apartment development, according to industry executives.

Apartments or for sale housing set - aside for low to moderate income residents within market rate developments may receive special financing

Apartments, lofts, condominium and residential mixed - use developments are the biggest investor plays due to high demand, low vacancy (3.8 percent), elevated rental rates, and the return of a strong condo market.

«Through such zoning, cities require or encourage developers to create below - market - rate rental apartments or for - sale homes in connection with the local approval of a proposed market - rate development project.»

Here's how development opportunities look in the metro areas with the lowest current apartment vacancy rates, according to market analysts and economists from property management software provider RealPage, data firm Yardi Matrix and brokerage firm Marcus & Millichap.

Topics: Tucson, Industrial, Commercial real estate, Economic development, Investment property, Absorption, Market trends, Vacancy, Lease rates, Leasing, Office, Medical office, Apartments, Multifamily

Merchant builders have figured out that high rents and low cap rates makes the business of developing and selling rent stabilized apartment towers very profitable without the marketing costs or risks associated with condominium development.

Vacancy rates for rental apartments remain low in the top six U.S. markets, despite an influx of new development.

«Garden apartment projects now are posting annual rent growth at twice the rate for mid-rise developments and four times the level for high - rise properties.»