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“These changing perceptions, combined with rising rents and tightening supply of affordable housing, are likely to fuel continued multifamily market growth in the years ahead."
Walkable living is all the rage today and when combined with multifamily close to workplaces and retail, a project just off Highway 101 at Fair Oaks Avenue accomplishes a three-fer.
Universities often want their new structure to adopt the same style as the existing buildings while still looking like a new facility—a tough task for architects on these projects, Snyder Langston's Jason Rich tells GlobeSt.com.
Empire State Development also reported on Wednesday that it was providing an additional $18 million in incentives for the project, bringing the state's total commitment to more than $25 million for the venture.