![Multifamily housing today: 7 exciting, inspiring innovations [AIA Course]](/sites/default/files/Screen%20Shot%202017-05-02%20at%2011.55.02%20AM.png "Multifamily housing today: 7 exciting, inspiring innovations [AIA Course]")
The multifamily sector is not showing any signs of slowing down. The U.S. market needs to add at least 400,000 rental units a year to serve the nation’s housing needs, according to the National Multifamily Housing Council and the National Apartment Association (see: http://nmhc.org/Apartments-Economic-Impact/).
On the side of homeownership, U.S. Census data shows that three-quarters (76%) of condominium and cooperative units that came on line in Q4/2015 were sold within three months of completion (www.census.gov/housing/soma/).
The demand is being found not just in big cities like Fort Worth, Texas, Charlotte, and Nashville but also in second-tier metros like Charleston, S.C., and Harrisburg, Pa. San Antonio’s Broadway Corridor, Austin’s Riverview area, and Downtown Los Angeles, known as DTLA, are hot markets that have used local ordinances and targeted investment to create 24-hour dining and shopping zones to lure young professionals and growing families into these new residential enclaves.
Let’s look at seven novel approaches developers and Building Teams are taking to respond to competitive pressures and build more quickly and with more attractive offerings in new and reconstructed multifamily developments.
TAKE THIS FREE AIA COURSE AT BDCUNIVERSITY.COM
Related Stories
Multifamily Housing | May 19, 2017
Above + Beyond: condo tower built atop parking structure
How designers figured out a way to nestle an 18-story condo tower on top of an existing parking structure in Hawaii.
Multifamily Housing | May 17, 2017
Swedish Tower’s 15th floor is reserved for a panoramic garden
C.F. Møller’s design was selected as the winner of a competition organized by Riksbyggen in Västerås.
Mixed-Use | May 17, 2017
The Lincoln Common development has begun construction in Chicago’s Lincoln Park
The mixed-use project will provide new apartments, condos, a senior living facility, and retail space.
High-rise Construction | May 15, 2017
Construction begins on 47-story luxury tower in Chicago’s South Loop
The glass tower is being built at 1326 S. Michigan Avenue.
Multifamily Housing | May 10, 2017
May 2017 National Apartment Report
Median one-bedroom rent rose to $1,012 in April, the highest it has been since January.
Multifamily Housing | May 10, 2017
Triple Treat: Developer transforms mid-rise into unique live-work lofts
Novus Residences’ revolutionary e-lofts concept offers tenants a tempting trio of options—‘live,’ ‘live-work,’ or ‘work’—all on the same floor.
Multifamily Housing | May 3, 2017
Silicon Valley’s high-tech oasis
An award-winning rental complex takes its design cues from its historic location in Silicon Valley.
Multifamily Housing | Apr 26, 2017
Multifamily amenity trends: The latest in package delivery centers
Package delivery centers provide order and security for the mountains of parcels piling up at apartment and condominium communities.
Multifamily Housing | Apr 26, 2017
Huh? A subway car on the roof?
Chicago’s newest multifamily development features an iconic CTA car on its amenity deck.
Multifamily Housing | Apr 18, 2017
Three multifamily, three specialized housing projects among 14 recipients of the AIA’s 2017 Housing Awards
2017 marks the 17th year the AIA has rewarded projects and architects with the Housing Awards.
