We Develop Communities of Opportunity

Our wide range of innovative, award-winning development and re-development projects improve the lives of residents, the fabric of communities, and the health of the natural environment.


Development as a Multi-Purpose Process

In the world of real estate, development means physical growth. To economists, development means the improvement in standards of living. In ecology, development describes the unfolding process of life toward maturity, balance, and exchange within systemic limits. To sociologists, it means the improvement of social and health conditions. In the software world, it means the steps needed to realize new innovations. In spiritual teachings, development is the unfolding recognition of our mutuality and capacity to be compassionate. To us, it means all of the above.

Each project begins with objectives, from which the project organization and design flow. The green, walkable, transit-oriented, mixed-use, affordable and mixed-income projects we develop bring communities and nature into better balance, while rewarding our partners for their contributions and our investors with competitive returns.

Healthy Urban Living

Caesura is  a distinctively modern, human-scaled building that stands out from the surrounding high-rise apartments for rent in the Brooklyn Cultural District. Featuring a mix of market-rate, middle-income, and affordable apartments, Caesura is designed to meet the needs of this diverse neighborhood.

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Our Development Focus

Development is a transformational process, in which we envision a community improvement, and then realize it through the management of its design, entitlement, financing and construction. We develop ground up buildings, redevelop existing ones, and provide development services to others.

NEW DEVELOPMENT

If we are to achieve a more equitable and environmentally responsible world, we need to build it. Our development practice creates new or improved models of green, affordable and mixed income communities, in transit rich locations.

We enhance these with community serving elements such as health clinics, schools, libraries and other elements that enhance the opportunity and wellbeing of our residents and their neighborhoods. Successful new models can then duplicated by others, increasing the scale of our impact.

Redevelopment

Working for our own account, Housing Authorities and other clients, we redevelop existing affordable housing communities into communities of opportunity with significant upgrades, making them greener, more livable, and adding space for community services.

Fee Development

The development of affordable and mixed income housing and community facilities requires deep experience meeting a wide range of design, financing, construction and operational challenges. We provide not for profit, housing authority and for profit clients with development services, helping them to realize their visions of communities of opportunity.

Human development, as an approach, is concerned with what I take to be the basic development idea: namely, advancing the richness of human life.

AMARTYA SEN
Economist and Philosopher

Development Project List

Explore our portfolio of development projects to see how our integrated approach results in places where people and nature thrive.

Development
On-Going
North Downtown Athens

New construction of 500+ mixed-income residential units, retail and community space, public greenspaces, new streets.

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Development
Completion: On-Going
Beacon Landing

New development of 264 mixed-income residential units / 3,000 SF of retail

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Development
Completion: On-Going
11th and Berks

New construction of 138 affordable (20%–60% AMI) residential units

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Development
Completion: On-Going
Shore Hill Development

New construction of 137-unit senior housing community built on a portion of the underutilized parking lot at Shore Hill Apartments in Bay Ridge Brooklyn.

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Development
Completion: On-Going
570 Washington Street

New construction of 176 mixed-income residential units / 5,600 sf of community space 

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Development
Completion: On-Going
Gowanus Green

New construction of 950 residential units of 100 percent affordable housing, neighborhood serving retail and community space, and a future public school.

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Development
Completion: 2025
Oscar James Residences

New development of 112 mixed-income units

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Development
Completion: 2025
The Faircliff

New construction of 125-unit affordable housing project in the historic Columbia Heights neighborhood of Washington, D.C. 

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Development
Completion: 2025
1999

The project involves constructing a new, seven-story residential building with 134 apartment homes for low income households, over 10,000 sq ft of open space, and community spaces for fitness, yoga, community gatherings, and bike parking.

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Development
Completion: 2024
Sendero Verde

New construction of 709 mixed-income residential units / 4,000 sf of retail / 85,000 sf of community facility space / 20,000 sf courtyard and 3 community gardens

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Development
Completion: 2021
NC Five

NC Five is a transformative development in North Philadelphia that is located steps away from the Temple University SEPTA regional rail stop. The 2.6-acre site includes 3 buildings and 133 units of housing, serving residents from 20% AMI to market rate. There are 45 RAD units for households at 20% and 50% AMI, 66 LIHTC units at 50% and 60% AMI, and 22 workforce housing units.” The buildings include a mix of studios, 1 bedroom, 2 bedroom, and 3 bedroom units.

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Development
Completion: 2020
Metro Green Residential

Development of 258 rental green mixed-income housing units on a mixed-use, transit oriented development (TOD) site.

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Development
Completion: 2018
Portner Flats

In September 2013, in a joint-venture (the “JV”) between the Fund and Portner Development Partners, LLC1, acquired Portner Place.

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Development
Completion: 2018
The Pierrepont

New construction of luxury building; 86-mixed income residential units and 6,000 SF of ground floor commercial space 

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Development
Completion: 2018
Caesura

New Construction of 123 mixed income residential units; 2,838 SF of retail for a restaurant; 23,667 SF for cultural use. The Center for Fiction will occupy 19,964 SF and the Mark Morris Dance Group to occupy 3,703 SF

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Development
Completion: 2017
Metro Green Terrace

New Construction of 131 mixed-income residential unit / 302 parking spaces / 46,578 SF of open space for residents

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Development
Completion: 2016
Third & Valley

New construction of 215-mixed income residential units, 513 parking spaces in structured deck, and 3,000 gsf of retail located one block from the South Orange NJ Transit train station.

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Development
Completion: 2016
The Prelude at Brookfield Commons

New Construction of 104 residential units and a 13,500 SF community facility on the White Plains Housing Authority campus

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Development
Completion: 2015
East Harlem Center for Living & Learning

New construction of 143,000 square foot mixed-use building that will include 89 units of affordable housing, a new K-8 Charter School, and non-profit office space.

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Development
Completion: 2013
Paseo Verde

New Construction of 120 residential units and approx. 30,000 sq. ft. of community program and retail space adjacent to the Temple
University Train Station.

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Development
Completion: 2012
Via Verde

New construction of 222 mixed-income residential units / 7,500 sf of retail and community facility space / 40,000 sf green roofs and open space for residents 

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Development
Completion: 2011
Metro Green Residences

Development of 50 rental green mixed income housing units on a mixeduse, transit oriented development (TOD) site

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Development
Completion: 2011
YWCA Residences for Women

Renovation of 185 units and addition of 8 new units of affordable housing as well as supportive service space

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Development
Completion: 2010
Fortune Castle Gardens

New construction of 114 affordable and supportive housing units and 20,000 sq. ft. of program / community space.

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Development
Completion: 2010
Tapestry

New construction of 185 mixed-income residential units, ground-floor retail, and indoor parking

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Development
Completion: 2009
Metro Green Apartments

New construction of 50 rental green affordable housing units on a mixeduse, transit oriented development (TOD) site

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Development
Completion: 2008
David and Joyce Dinkins Gardens

New construction of 85 units of affordable housing for families and youth aging out of foster care, as well as classroom and community space

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Development
Completed 2007
Highlands' Garden Village

Highlands' Garden Village (HGV) is a mixed-use, transit oriented development on the site of a former amusement park, in what was a transitional neighborhood and is now one of Denver's most desirable areas.

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Development
Completion: 1999
Denver Dry Goods Building

Conversion and restoration of an historic building for green mixed-use, including affordable and market-rate condos, office and retail space

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