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Somerset Development's iconic 'Metroburb' in Holmdel, NJ is celebrating the leasing milestone with a tenant whose product has its research roots at the iconic property.
While housing shortages continue in both conventional apartments as well as student housing throughout Northern California, Greystar is focused on providing new housing in the right locations.
"Our team has been integral in the successful evolution of the asset class to better meet the needs of today's customers and communities," says James E. Hanson II, president and CEO of The Hampshire Companies.
The redevelopment will transform the CPMC campus from a large-scale hospital to a single family and multifamily project by Robert A.M. Stern Architects, known for designing contextually appropriate residential buildings.
In the Central Business District, there is a strong flight to quality as office tenants continue to seek high-quality buildings that offer flexible design, functionality, efficient floorplates and upscale amenities.
Heights adaptive reuse project, M.K.T., will provide an infusion of creative office space for which there is growing demand but little available inventory in Houston despite its wider appeal in the country.