New York City advances plan to build 500,000 new housing units

After New York Mayor Eric Adams announced a “Moonshot” plan to build 500,000 new housing units over the next 10 years in early December, he moved quickly to jumpstart the process.

A week later, the Department of City Planning said it would immediately begin public hearings of a 46-block rezoning of portions of two East Bronx neighborhoods that are close to planned Metro-North rail stations. Speeding up the city’s land use review process is a cornerstone of the housing plan.

The rezoning of industrial and manufacturing areas to residential, and an expected increase in residential density in other parts of the Bronx, would serve neighborhoods surrounding two rail stations projected to open in 2027. “The establishment of new transit service in previously auto-oriented areas demands a thoughtful reorientation of permitted uses and densities to capitalize on the state’s significant investment in regional rail,” according to a Draft Scope of Work for the rezoning proposal.

City officials said that the proposed rezoning in the Bronx is broken into several parcels. This is in synch with the mayor’s pledge not to engage in neighborhood-wide rezoning. Adams also intends to exempt housing projects with fewer than 200 units from environmental reviews, and have the city’s Department of Buildings streamline its computerized permit application and tracking process.

The Federal Emergency Management Agency recently sent a letter to officials in Lee County, Florida alleging that hundreds of homes were rebuilt in violation of the agency’s rules following Hurricane Ian. The letter provoked a sharp backlash as homeowners struggle to rebuild following the devastating 2022 storm that destroyed a large swath of the county.

The 108,000 sf La Playa Residence Hall, funded by the State of California’s Higher Education Student Housing Grant Program, will consist of three five-story structures connected by bridges.

Student Housing | Apr 19, 2024

$115 million Cal State Long Beach student housing project will add 424 beds

A new $115 million project recently broke ground at California State University, Long Beach (CSULB) that will add housing for 424 students at below-market rates. The 108,000 sf La Playa Residence Hall, funded by the State of California’s Higher Education Student Housing Grant Program, will consist of three five-story structures connected by bridges.

5 Reasons to Opt for Wood I-Joists in Multifamily Construction

From versatility to reliability and adaptability, engineered wood I-joists offer builders, designers and developers numerous advantages in multifamily construction. Discover the top five benefits and handy installation tips.

A residential building in trendy classic blue color with cut out sky with white isolated background.

MFPRO+ News | Apr 18, 2024

Marquette Companies forms alliance with Orion Residential Advisors

Marquette Companies, a national leader in multifamily development, investment, and management, announces its strategic alliance with Deerfield, Ill.-based Orion Residential Advisors, an integrated multifamily investment and operating firm active in multiple markets nationwide.

MFPRO+ New Projects | Apr 16, 2024

Marvel-designed Gowanus Green will offer 955 affordable rental units in Brooklyn

The community consists of approximately 955 units of 100% affordable housing, 28,000 sf of neighborhood service retail and community space, a site for a new public school, and a new 1.5-acre public park.

Lap Pool at Solstice Living Apartments in Tucson, Ariz

MFPRO+ News | Apr 15, 2024

Two multifamily management firms merge together

MEB Management Services, a Phoenix-based multifamily management company, and Weller Management, a third-party property management and consulting company, officially merged to become Bryten Real Estate Partners—creating a nationally recognized management company.

Alameda Marina adaptive reuse project rendering

Mixed-Use | Apr 13, 2024

Former industrial marina gets adaptive reuse treatment

At its core, adaptive reuse is an active reimagining of the built environment in ways that serve the communities who use it. Successful adaptive reuse uncovers the latent potential in a place and uses it to meet people’s present needs.

MFPRO+ News | Apr 12, 2024

Legal cannabis has cities grappling with odor complaints

Relaxed pot laws have led to a backlash of complaints linked to the odor emitted from smoking and vaping. To date, 24 states have legalized or decriminalized marijuana and several others have made it available for medicinal use.