Trending Multifamily News
LMC, a leader in multifamily home development and management, today announced the start of construction of The Bower, a mixed-use apartment community in the emerging Totem Lake neighborhood.
The community, being developed adjacent to The Village at Totem Lake and EvergreenHealth Medical Center near downtown Kirkland, will consist of 339 apartment homes and 7,000 square feet of ground-floor retail. First move-ins are anticipated for late spring/summer of 2020.
“The Puget Sound economy continues to be one of the most robust in the nation with quality job growth and strong in-migration,” said Brad Reisinger, division president of Pacific Northwest for LMC. “Kirkland has always been a strong suburban market with its picturesque downtown, strong schools and access to transit and quality jobs. The redevelopment of the Totem Lake Mall has extended that energy to the north. We’re excited to get started on a community that will capitalize on this energy and exceed expectations for high-quality living in the area.”
Under development at 11811 NE 128th Street, the community will aim to continue Totem Lake’s long history of being a gathering place, even as the neighborhood continues to evolve. The neighboring Village at Totem Lake is a new major lifestyle redevelopment that will be anchored by Trader Joe’s and Whole Foods and will include a luxury cinema, village commons and park, and high-end restaurants and retail. EvergreenHealth Medical Center, a premier hospital featuring advanced medical services, offers an abundance of health-related occupations, and its presence conveniently places the community directly amidst entertainment, employment and transit opportunities.
The community will feature excellent access to State Route 520 and Interstate 405, which will provide connectivity to Downtown Seattle, Bellevue and the key locales across the metropolitan area. Residents also will be able to utilize a direct-access freeway bus stop that includes stops throughout the metro area. In addition, the community sits less than four miles from Woodinville, home to more than 100 wineries and breweries.
Tech continues to blossom along the I-405 corridor, with the offices of Google, Tableau, Microsoft, Wave, GoDaddy, Facebook, IBM, the University of Washington and many others driving employment. Seattle is notable for the presence of Amazon, but the area is well balanced professionally between tech, manufacturing and service-related employment.
The Bower will consist of studio, 1- and 2-bedroom apartment homes and will feature a 2,800-square-foot fitness center with multimedia motivational wall. Additional community amenities will include a game room, resident co-working office with conference rooms, demonstration kitchen with indoor/outdoor lounge, courtyard pavilion with bar and BBQs, sun deck courtyard, rooftop deck with bocce court and fire pits, and a sixth-floor social lounge with a bar and media area.
Apartment interiors will include wood-plank style flooring, quartz countertops with under-mount sinks, a full stainless-steel appliances package including bottom-freezer refrigerators, AC ports, tile backsplashes and tub surrounds, under-cabinet lighting and in-home washers and dryers.
Including The Bower, LMC has six apartment communities in operation or under construction in the Seattle area. Additional communities include Twenty20 MAD, Valdok 1701, Axle, Valdok 1702 and The Whittaker.
LMC, a leader in apartment development and management, today announced the start of leasing at Marlowe, a luxury mixed-use apartment community integrated with smart-home technology in the vibrant River North neighborhood.
The 15-story community, which features 176 apartment homes, boasts a boutique-inspired hotel feel equipped with the most comprehensive smart-home technology available in an apartment community in the Chicago River North neighborhood. The building will open in phases, with floors 2-6 to begin move-ins on May 24. Floors 7-14 and the 15th-floor amenity deck are scheduled to open July 1.
“Chicago's River North is home to a large population of creative professionals who want a cultural experience that integrates the technological conveniences they expect, and smart apartments are a natural fit for residents drawn to River North,” said Doug Bober, division president of Central and Midwest for LMC. “Apartment residents have heightened expectations for a tech-enabled living experience. We believe that combining these smart-home conveniences with an incredible architectural design will not only meet the demand of today’s renter – it will surpass it.”
Among the technologies incorporated into every apartment home are a Ruckus Router, Honeywell Lyric smart thermostat, a Sonos One with Alexa and Lutron Pico Remotes for dimming lights and controlling smart-home speakers. Select homes will feature Lutron Roller Shades, which can be controlled from a smartphone.
Marlowe’s boutique ambiance exudes from the site’s rich history and complements the technology. Constructed on the site of a former barbershop chair manufacturing company at 169 W. Huron Street, Marlowe’s design theme of “urban bistro meets vintage barbershop” includes light-yet-clean subway tile, rich textures and hues, and other vintage common-area aesthetics that serve as an ode to its past and a reflection of modern-day luxury.
The community also incorporates ground-floor retail, including a Limitless coffee shop integrated into the residential lobby, which accentuates the boutique feel and connects the community to the artistic vibe of the River North neighborhood. The neighborhood contains an eclectic mix of cultural, entertainment and retail opportunities with attractions ranging from Chicago Film Tour, Richard H. Driehaus Museum, Green Door Tavern and The Shops at North Bridge. A wide variety of local cuisine options include Wildfire Chicago, Prosecco, Frontera Grill, Beatrix, Roka Akor, and Three Dots and a Dash.
Marlowe consists of studio, convertible, 1- and 2-bedroom apartment homes ranging in square footage from 431 to 1,580. Apartment interiors include floor-to-ceiling windows with city views, quartz countertops, wood-style premium flooring, stainless-steel appliances with gas stovetop, designer tile backsplashes, custom lighting fixtures and textured floor tiles in bathrooms.
Community amenities include the skyline deck, which features an outdoor lap pool and stunning views of the city, an outdoor kitchen with grill spaces, lobby with fireplace, community lounge with gaming tables and bar, fitness studio with flex fitness space and a pet run/pet wash with owner’s lounge. Residents will also have access to self-service package and dry cleaning lockers, community library, electric-vehicle charging stations and bike storage.
Including Marlowe, LMC has developed three apartment communities in the Chicago area. Additional communities include The Brook on Janes (located in Bolingbrook) and The Emerson (located in Oak Park). Each community opened in 2017.
LMC, a wholly-owned subsidiary of Lennar (NYSE: LEN, and LEN.B), and a leader in apartment development and operations, today announced that it was named as the nation’s seventh largest developer of multifamily housing in 2017 by the National Multifamily Housing Council.
LMC started 3,742 apartment homes in 2017 to earn the distinction on NMHC’s Apartment Developers List. This marks the fourth consecutive year that the 6-year-old company has ranked in the Top 10 developers. In addition, LMC also appeared on NMHC’s list of largest builders of multifamily housing for the second straight year, ranking No. 15 in the nation. LMC earned this distinction by serving as the general contractor for nearly 70 percent of its 2017 starts.
“It’s an honor to be recognized amongst such a respected group and to be mentioned along with some of the most esteemed multifamily companies in the nation,” said Todd Farrell, president of LMC. “The growth of our company is a direct reflection of our remarkable associates, whose efforts have allowed us to develop amazing communities across the nation. We look forward to continued growth in 2018.”
The NMHC has become the authoritative rankings in the multifamily industry, compiling lists for the nation’s 50 largest apartment owners, 50 largest apartment managers, 25 largest apartment developers, 25 largest builders (formerly general contractors) and 10 largest apartment syndicators.
LMC, a leader in apartment development and management, today announced the opening of Maris, a luxury apartment community located in coastal Annapolis that includes an interactive, amenity-rich rooftop.
Situated within walking distance of many of the key attractions in the Chesapeake Bay area, the six-story Maris features 293 apartment homes, sleek finishes and stylish, modern apartment interiors. Move-ins began Feb. 1.
“Annapolis has a popular vibe that is relaxed, sophisticated and attractive to working professionals, and it’s our ambition to cultivate that spirit with Maris,” said Sam Fuller, division president of the Mid-Atlantic and New England regions for LMC. “The area’s fairly restricted supply of apartments bodes well for current and future apartment demand and growth. We believe Maris, with it’s well-appointed finishes and unique array of community amenities, captures and complements the area and has the opportunity to establish itself as the premier place to live in Annapolis for many years to come.”
As part of the development at 2445 Holly Avenue, LMC has constructed a pocket park adjacent to the leasing office that includes high-end landscaping, benches and picnic areas. The community sits within a five-minute walk of Annapolis Towne Centre, which features more than 50 retail, entertainment and cuisine options and a Whole Foods Market. Westfield Mall and Downtown Annapolis are also easily accessible from the community, and restaurants such as BRIO Tuscan Grille, Cooper’s Hawk Winery & Restaurant, Baltimore Coffee & Tea Co., Gordon Biersch Brewery, Double T Diner and Paladar Latin Kitchen & Rum Bar are all within walking distance.
Maris provides convenient access to popular destinations in virtually any direction, as it is positioned near Highways 50, 450 and 2. Interstate 97 is accessible two miles west of the community, and the Chesapeake Bay Bridge, which connects the Western Shore to the rural Eastern Shore, is two miles to the northeast. The Naval Academy and the US Naval Academy Museum are located three miles east of the community.
Maris consists of studio, 1- and 2-bedroom apartment homes ranging in square footage from 559 to 1,288. The community’s amenity-rich rooftop includes a pool, cabanas, patio with outdoor kitchen and grilling areas, viewing deck with a large-screen television and a social lounge with an entertainment bar. Additional community amenities include a state-of-the-art fitness center with motivational wall, business/conference center, central courtyard and a yoga and spin studio. Residents also can utilize the LMC Loves Pets program, which includes pet spa days, pet socials, a bark bar and other pet-friendly activities.
Apartment interiors include custom built-in kitchen islands with pendant lighting, designer kitchen accents, designer cabinets with built-in pantries, under-cabinet lighting, wine bars, quartz countertops, hardwood-style flooring, full-height tile tub surrounds and large walk-in closets. Corner and top-floor homes feature 10-foot ceilings and higher-end appliances.
LMC, a leader in apartment development and management, today announced the start of preleasing at Shift, a luxury mixed-used community located in the East Village of San Diego just east of the Gaslamp Quarter.
Shift features 368 apartment homes, 19,000 feet of ground-floor retail and a top-of-the-line amenities package that includes a sky lounge with stunning views of the city and San Diego Bay. First move-ins at the 21-story, LEED Silver certified community are anticipated for January with retail outlets slated to begin opening in March.
“The East Village is becoming more vibrant by the day, and we’re thrilled to join one of San Diego’s most emerging neighborhoods,” said Ryan Gatchalian, division president of Southern California for LMC. “We believe Shift’s world-class design, high-end finishes and unmatched variety of prime amenities will be a unique addition to the neighborhood and create an unparalleled living experience for our residents.”
Situated at 1501 Island Avenue, Shift features opportune access to many of the key attractions in the downtown corridor. The East Village is home to several tech startups, charismatic coffee shops and vibrant breweries and restaurants such as Mission Brewery, Bottega Americano, The Nolen and Mission Café. The community also sits within walking distance of the Art & Industry, Urban Discovery Academy and Quartyard, an immensely popular outdoor event space.
Shift also sits in a commuter-friendly location with the San Diego International Airport less than five miles to the northwest, the world renown San Diego Zoo three miles north and Coronado Island easily accessible via the San Diego-Coronado Bridge about two miles south of the community. With the Pacific Coast Highway and Interstate 5 within also in close proximity, residents will enjoy expedient access the city’s notable employment centers and entertainment districts across the metropolitan area.
Shift consists of studio, 1- and 2-bedroom apartment homes ranging in square footage from 551 to 1,658. The sky lounge includes bar seating, barbecue grills and a fire pit. Additional community amenities include a sundeck and rooftop pool that further enhance the views of the city, seventh-floor sky terrace, lobby equipped with exclusive co-working space, 24-hour fitness and training facility with TRX, art-walk courtyard, EV charging stations, concierge service and onsite pet park.
Apartment interiors include modern two-tone cabinetry with under-mount lighting, quartz countertops, stainless-steel appliances, full ceramic-style backsplashes, hardwood-style flooring, keyless entry, full-size washers and dryers, expansive closets, designer plumbing fixtures in kitchens and baths, and full-height tile surrounds in bathtubs and showers. Residents also have access to smart-home features through Lutron Dream Suite by LMC, which provides access to lighting, shades and Nest thermostats through a smartphone. Select homes feature kitchen islands, walk-in showers and floor-to-ceiling windows.
Including Shift, LMC has five apartment communities in operation or under construction in the Southern California area. That includes Core (Anaheim), on pace to open in the spring of 2018, and Luma (San Diego), which will open in the summer of 2018.
LMC, a leader in apartment development and operations, today announced the grand opening of The Morris, a luxury mixed-use apartment community located along Music Row at the site of country-music icon Dale Morris’ former office.
The Nov. 2 grand-opening celebration featured a bevy of music industry figures, including a live performance from Benton Blount, a finalist on America’s Got Talent. Speakers at the event for the music-themed development included country music singer Louise Mandrell, LMC Divisional President Chris Cassidy and Morris, the guest-of-honor. The Morris features a music studio, rooftop performance stage and several other odes to the country music industry.
“The Morris is among the most unique communities we’ve ever had the pleasure of developing, and we’re ecstatic to be a part of Music Row at such an iconic location,” Cassidy said. “The grand-opening celebration was a fitting way to kick-start what we believe will be an authentic Nashville experience for our music-loving residents. We’re truly honored to celebrate Dale’s legacy with the community and cannot wait to welcome home our new residents.”
The community, which contains 344 apartment homes and 6,000 feet of ground-floor retail, is adorned with music paraphernalia and music-themed design throughout the building that closely reflects the rich music history of Nashville. That includes two autographed Alabama guitars from the band’s farewell tour in 2003, Morris’ songwriting guitar and, in the mailroom, big-picture views of Kenny Chesney’s stadium tours. The latter is significant because no country music artist had previously done an entire tour of stadiums. The leasing office features memorabilia from the Bama House, which Morris created as a temporary 5,000-square-foot Nashville home for Alabama.
Since relocating from his native South Carolina to Nashville in 1969, Morris ascended from humble beginnings to develop a generation of innovators – both as artists and executives. A career that was unearthed by writing the song Don’t Monkey With Another Monkey’s Monkey for Johnny Paycheck evolved into management gigs with Alabama, Kenny Chesney, Jake Owen, Martina McBride and Old Dominion. An astonishing amount of music history was developed at this site, as Morris holds the distinction of becoming the first manager in the history of the entertainment industry to help guide artists to 16 Entertainer of the Year awards.
The Morris, located southwest of downtown in the Midtown submarket, captures the aura of the Nashville music scene in which Morris has been such an integral figure. The community is notable for its proximity to downtown, Vanderbilt University and The Gulch, an urban development on the edge of the Central Business District that plays host to numerous live music performances.
The Morris consists of studio, 1- and 2-bedroom homes and is pet friendly. Additional community amenities include a rooftop club with pool, fitness center, clubroom, a seventh-floor outdoor terrace with grill stations and skyline views of Music City, a pet spa, and bike parking and repair station. Apartment interiors are equipped with condo-level finishes, including quartz countertops, stainless steel appliances, in-home washers and dryers, ceiling fans and luxury wood-like flooring. Visit the community site at livemorris.com.