Washington Property Company (WPC) will break ground shortly on its latest luxury apartment community, Solaire 8250 Georgia Avenue, just two blocks from the Silver Spring (MD) Metro and multi-modal transit station. This is WPC’s fourth Solaire-branded apartment community and its second in Silver Spring’s rapidly evolving Ripley District.
Crisis communications planning takes on new urgency in the age of potentially damaging sentence snippets posted instantly on Twitter and other social media. Here are some basic principles for protecting the reputations of you and your organization, and how to exercise damage control if and when necessary.
StoneBridge Investments of Washington, DC has acquired 550 Abernathy Apartments, a 228-unit apartment community in the greater Atlanta submarket of Sandy Springs, for $31 million. The property is located at 550 Abernathy Road NE within Perimeter Center, a fast-growing “edge city” that encompasses three small cities: Brookhaven, Dunwoody, and Sandy Springs. It is Atlanta’s largest employment center, with over 123,000 employees, 31 million SF of office space, three major hospitals, and six million SF of retail space including the 1.5 million SF Perimeter Center Mall.
Backhoes and bulldozers should be busier in 2017 with 5 percent growth in construction starts, for a total volume of $713 billion, according to Dodge Data & Analytics’ annual forecast. Completed prior to the 2016 Presidential election, the study is summarized in Leslie Braunstein’s most recent article in Urban Land magazine, “Shovel-Ready.” An earlier Urban Land article by the same author, “Increased Use of Wood, Reduced Parking May Reduce Multifamily Construction Costs” explains how a key modification to the International Building Code is leading to a cost-cutting revolution in high-density multifamily wood-frame construction. Reduced onsite parking also is helping to trim construction costs for new multifamily residences.