Multifamily start activity has been slowed significantly During the last year, with a drop of 28.8% year -on -year it was reported in November. However, there are still developers who take advantage of the opportunities to deploy capital, many of them on a large scale.
These mixed use projects are found throughout the country in both urban and suburbs, some have already begun and others were expected to break the ground soon. Here are some examples of the largest mixed use projects that make news this year:
Willets Point
A representation of the Willets Point redevelopment project, including the new NYCFC Stadium.
Courtesy of Point Willets
Situation: Queens, New York
Developer: Related body.
Cost: $ 3 billion
Innovative: June 2021
New York City Related Body Has His Eye to Revitalize A section of 62 hectares of Queens Near the Flushing River and next to the New York Mets Citi Field Stadium. Willets Point, once an ash dumping ground, is known for its car and junk shops.
It $ 3 billion redevelopment plan Asks for 2,500 new affordable houses, more than 20,000 square feet of retail, a public school of 650 students and 40,000 square feet of public space. A new 780 million dollars stadium The New York City Football Club football team is expected to open in 2027.
The repair work on the site began in June 2021 and since then they have been completed. The first vertical phase will include 1,100 of the expected affordable housing units.
Veridea
A representation of the next community planned by Master in Apex, North Carolina, developed by RxR.
Courtesy of mcadams
Situation: Apex, North Carolina
Developer: Rxr
Cost: $ 3 billion
Innovative: December 2024
New York Real Estate Firm, RxR, is underway in the first development phase in the Veridea mixed use project of $ 3 billion in Apex, North Carolina, southwest of Raleigh. The 1,100 -hectare project had been in the planning stages for 17 years when RxR took over the site in 2023, according to a shared press release with multifamily immersion.
The first phase will include 1,500 multi -family units; 1,100 single -family houses and terraced houses built by the Miami Lennar housing builder; 150,000 square feet of commercial, retail and restaurant space; According to the launch, more than 200,000 square feet of industrial space and a new campus for Wake Tech Community College.
In Fullout, Veridea will offer up to 8,000 residential units, 3.5 million square meters of commercial space, 12 million square feet of commercial space and a new public elementary school, as well as the new university campus, as he said The statement.
Pier south
A representation of Shorehaven, the first phase of 722 units of the mixed use development of South Pier a Tempe, Arizona, by the properties Cantor Fitzgerald and Silverstein.
Permission granted by Cantor Fitzgerald
Situation: Tempe, Arizona
Developers: Cantor Fitzgerald, Silverstein Properties
Cost: $ 1.8 billion
Innovative: 2023
South Pier, $ 1.8 billion Community Planned by Master in progress At Tempe Town Lake Waterfront, Tempe, Arizona, reached a milestone in its construction in October with the departure of its first phase: Shorehaven, a place of three constructions that mixed a residential, retail and recreational space.
The developer Silverstein Properties and Financial Services Company Cantor Fitzgerald, both based in New York City, intends to build a multiple complex of apartments, condominis, hotels and offices towers in the area of opportunity, along with an entertainment dock.
Shorehaven will consist of 722 units ranging from studies to three rooms, to more than 20,000 square feet of interior amenities, 30,000 square feet of outdoor services and 26,000 square feet of retail, according to the statement. Property is scheduled for completion by 2026.
Park eight places
The Park Eight Place Development Plan in Houston by Johnson Development.
Courtesy of Johnson Development
Situation: Houston
Developer: Johnson Development
Cost: 1 billion dollars (projected)
Innovative: At the end of 2024
Announced Johnson Development based in Houston the innovative by Park Eight Place, a mixed place of 70 hectares in the West Houston Westchase district on September 25. Roads and infrastructure According to Houston Chronicle, it continues earlier this year. Information on residential property developments is not yet available.
The project is designed on the promotion of healthier lifestyles, according to the development of the developer. Michael Cox, President of Johnson Development, says that property is driven by a commitment to environmentally friendly and sustainable design technologies and technologies.
In November, the city of Houston granted Park Wight Place its first designation for Walkable Places initiated by developers, according to a statement shared with plurifamily immersion. The property will be integrated with the Arthur Park of 200 hectares adjacent, connecting its residents to a system of trails that extends through the metro area.
Esplanade
A representation of the development of esplanade in Pittsburgh at night.
Permission granted by AE7
Situation: Pittsburgh
Developer: Piatt Cos.
Cost: $ 740 million
Innovative: 2025
The Pittsburgh Planning Commission approved a redevelopment plan of $ 740 million For almost 15 hectares of post-industrial ground on the north side of the city on November 12, including future homes, entertainment and retail sale.
Canonsburg, the real estate firm of Pennsylvania, Piatt Cos. It leads the project, which will be located on the Ohio river. The plan includes more than 1.7 million square meters of space developed, with 300 apartments, a 125 -room hotel, 105 condominis units, restaurant and retail space, a river safety installation and a wheel of 164 feet ferries.
Development will occur in two phases. Piatt body. It plans to start construction in the first phase by the beginning of 2025, after the approval of the city and closing in the development lands.
Peoria Place
A representation of Marlowe Peoria Place, under construction at the Peoria Place de Greystar, the development of mixed use in Peoria, Arizona.
Courtesy of Greystar
Situation: Peoria, Arizona
Developer: Greystar
Cost: $ 500 million
Innovative: May 2023
Charleston, based in South Carolina, Greystar is underway in several elements of its $ 500 million, of 88 hectares of development of Peoria Place in Peoria, Arizona. The place is expected to include more than 700 apartments, 255 rental houses, 20 hectares of open space and a light industrial park.
The industrial center was the First part of the property to break the ground, according to Az Big Media, and the First residential developmentMarlowe Peoria Place, followed in January 2024, according to Greystar. Marlowe, still under construction, will include 370 of the apartment houses in the site and 4,900 square feet of retail.
Habitat
Habitat will be one of the last projects outside Australia for Lendlease, which announced its intention to withdraw from international developments in May.
Permission granted by the limit
Situation: Los Angeles
Developer: Lendlease
Cost: $ 316 million
Innovative: 2023
The construction of the Habitat property of 3.5 hectares in the sub-sub-registration of the city of Los Angeles is underway, with two of its buildings, a six-storey office and a 12-story apartment building. Leaving at the beginning of December.
Developed by Sydney-Based Lendlease in collaboration with the Australian Super-Guided Super-Did Fund, Habitat will be a net-zero-carbon property with an integrated solar matrix and 64 parking spaces for electric vehicles dedicated, according to the statement. The project broke the ground by 2023 and is valued at $ 316 millionAccording to Urbranian la.
At the end of 2026, the site will include an office building of 253,000 square feet, a multi-family building of 260 units and 2,900 square feet of retail and restaurant. Habitat apartments range from studies to two -room units.
The project is among the last for Lendlease outside Australia. The company announced in May Being out of international development and construction for the next 18 months, but would honor their commitments to end joint business projects, of which habitat is one.
