Search
 

Despite Challenges, Developers Get Their Groove Back

MIAMI—The multifamily market's upward trajectory has given developers the confidence to start building again. But with this comes an entirely new set of concerns, as well as trends in construction, said experts at yesterday's RealShare Apartments East 2013 conference.

By Sule Aygoren Carranza | Updated on February 27, 2013

RealShare Apartments East 2013 is sponsored by ALM’s Real Estate Media Group, which publishes Real Estate Forum and GlobeSt.com.

MIAMI—The multifamily market’s upward trajectory has given developers the confidence to start building again. But with this comes an entirely new set of concerns, as well as trends in construction. Development experts shared their thoughts in a candid panel session, “The Big Ramp Up: Developers Get Their Groove Back,” during the second annual RealShare Apartments East conference.

Nearly 400 industry professionals convened at the Hyatt Regency hotel here yesterday to listen to insight given by leaders of the apartment market during the full-day event. Sharon Dworkin Bell, senior staff vice president of the National Association of Home Builders moderated the discussion, which included Humphreys & Partners Architects CEO Mark Humphreys; David Thompson, development director for Wood Partners; Todd Wigfield, Greystar‘s managing director of development; Joe Wilber, SVP of investments-East for Gables Residential; and Pinnacle Housing partner Michael Wohl.

In terms of trends, Humphreys indicated that there’s a “Manhattanization” going on across the country. That is, US markets that previously didn’t have a downtown are now heading in that direction. Downtown, he said, “is where people want to be. We’re seeing a high number of urban projects in tertiary markets.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.