Managing multifamily renovation projects is like trying to rub your head and chew gum at the same time. Apartment owners and managers not only have to handle construction and renovation work and keep things on schedule; they also have to juggle residents while they're at it.
If Curtis R. Kemeny has learned one thing in his years as a multifamily manager and developer, it's that first impressions matter. "When someone drives up to a piece of property, an essential set of visuals washes over them," says the president of Boston Residential Group, whose family has been...
Renters-by-choice who live at The Metropolitan, a practically new but recently renovated property in Arlington, Va., don't hope for high-end stainless steel kitchen appliances and fashionable granite countertops. They expect them.
Rehabbing a multifamily property frequently includes deciding whether or not to replace the HVAC equipment–and with what. It's a big decision, and one that has become more difficult lately, thanks to evolving technologies and volatile energy prices.
Multifamily owners and developers across the nation are responding to the growing appetite for nature-inspired elements, installing products made from natural materials or those that mimic them.
Today, condos at Grove Street Flats, an elegant building on Minneapolis's Nicollet Island, sell for hundreds of thousands of dollars. And why not? The lovingly restored 1877 structure sits footsteps away from downtown Minneapolis and the reviving Mississippi waterfront, where a newfound interest in...
Before its $1.9 million rehab, Springhouse Apartments was trapped in the world of blah. Built in the 1980s, the complex and its dull gray exteriors looked tired and weary, despite its Northern California location, just inland from San Francisco Bay. Interior water damage hardly added to its allure.
Renovations today are no longer just about updating tired, frayed apartment units with new carpet and a coat of white paint. From the adaptive reuse of shuttered hotels and functionally obsolete office buildings to condo conversions of both older and newer apartment stock, developers are doing...
Paul Daneshrad could hear the excitement in his friend's voice. His friend, a physician and investor, was calling to tell Daneshrad about the new, tumbled-marble bathrooms he was installing at one of his properties. When the subject of cost came up, the doctor said the improvements were running him...
Bathrooms in Essex Property Trust apartments have style and staying power.
Not quite sure it's time to freshen up your clubhouse? Take a hint from your residents. All of last year, only one resident at the 351-unit Village Park of Auburn Hills rented out the property's drab, 1980s country-style clubhouse for a social event.