Show & Tell: How multifamily real estate development could change post-pandemic by ROI-NJ Staff

Looking ahead, developers must be even more disciplined when it comes to their approach to new development to ensure that their projects will create value for the communities and meet renter demand for many years to come. Developers/owners need to ask themselves, ‘How will this fit into the community at large, and what needs are we meeting?’ At the same time, it’s crucial to keep a finger on the pulse of renter preferences to determine any changes that should be made to the design, layout and amenities being offered.

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Lofts Two22 Attracts Renters with Luxury, Convenience, and Space to Spread Out in Bayonne

The desire of today’s renter for more space outside New York City has never been more keenly felt and Bayonne’s premier rental building is meeting the demand beautifully without sacrificing luxury or amenities. Lofts Two22 is a collection of 70 one- and two-bedroom residences ideally located in the heart of the Loft District immediately next to the Hudson-Bergen Light Rail. In response to COVID-19, Lofts Two22 offers virtual tours via YouTube, Matterport tours, and the entire application process is completed electronically. And in-person tours are also available by appointment.

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COVID-Cautious New Yorkers Discovering Less-Dense Bayonne by Jeffrey Steele

Ever since the pandemic began in earnest in March, we’ve heard a lot about New Yorkers exiting the city for distant places like Florida, or not-as-faraway spots like the Hamptons. With the city entering its latest reopening phase, emigres aren’t journeying nearly so far. Neither are renters. While intent on sidestepping apartments in Manhattan, the outer boroughs and Jersey City, they still want quick, convenient commutes to Manhattan, and wouldn’t mind a place boasting infrastructure enhancements and a lengthening roster of eateries and shops.

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From Bayonne To North Bergen, New Jersey’s Got Virtual Renting Covered by Jeffrey Steele

The arrival of COVID-19 quarantines was ideally timed to put new proptech developments to the test. From video conferencing to virtual touring, tech-enabled advancements in real estate have experienced a workout, many coming through big-time in the clutch. Property managers and developers have grown to rely on virtual capabilities to stay up and running, as social distancing and other pandemic-related restrictions have remained in force. Tech tools that might have endured slow adoptions in other epochs have swiftly proven their mettle, helping sheltering renters gain a virtual sense of their potential future homes.

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How will COVID-19 impact multifamily design or operations? by Josh Burd

Social distancing will have renters looking for locations that meet their need for more on-site open space while still providing the conveniences of urban living. The spaces we’ve dedicated to outdoor amenities on our properties, like fire pits and open courtyards, which some may have considered nice add-ons previously, are now on renters’ ‘must have lists’ right below things like proximity to public transportation for commuting to New York, Newark and Jersey City.

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LanTree hires industry veteran as vice president of construction management

Lakewood-based LanTree Developments said Tuesday it hired industry veteran Jay McDermott as vice president of construction management. In his new role, McDermott will provide expert technical oversight for all projects in the LanTree portfolio, working closely with construction management firms and subcontractors to ensure the high quality of work that the company has come to be known for.

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LanTree taps veteran Hovnanian exec as VP of construction management by Josh Burd

LanTree Developments has hired a veteran industry executive to help manage its growing construction pipeline of multifamily projects.

The Lakewood-based developer on Tuesday announced the addition of Jay McDermott as vice president of construction management. In the new role, he will provide expert technical oversight for all projects in the LanTree portfolio, working closely with construction management firms and subcontractors to ensure quality work and helping the firm meet its financial goals and objectives.

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LanTree hires industry veteran as vice president of construction management by Linda Lindner

Lakewood-based LanTree Developments said Tuesday it hired industry veteran Jay McDermott as vice president of construction management.

In his new role, McDermott will provide expert technical oversight for all projects in the LanTree portfolio, working closely with construction management firms and subcontractors to ensure the high quality of work that the company has come to be known for.
McDermott will also play an instrumental role in ensuring that LanTree meets all of its financial goals and objectives, while increasing operating performance and developing a strategic growth plan for the organization.

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