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June 28, 2021

LGBTQIA+ Seniors Need Dedicated Affordable Housing. There Isn’t Nearly Enough Of It

[Digtal Summit] Final New Jersey event of 2021 kicks off: Don't Miss Future of the NJ Waterfront June 30

Donald Capoccia was on a bike ride during a vacation in New Mexico about a decade ago when he caught a glimpse of an affordable housing complex for LGBTQIA+ seniors. Capoccia, a managing principal at New York-based affordable housing developer BFC Partners, stopped his ride to take a closer look, captivated by the idea of the development. 

“I immediately thought, ‘Why in the world do we not have this in New York?’” he said. 

LGBTQIA+ Seniors Need Dedicated Affordable Housing. There Isn’t Nearly Enough Of It

Capoccia, who is gay, became set on building something similar back home, he told Bisnow in an interview this month. Less than two years ago, his dream became a reality. BFC Partners delivered Stonewall House, a 145-unit, 17-story affordable housing building designed to cater to LGBTQIA+ seniors, on…

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More Than 300 NYC Construction Sites Shut Down For Safety Violations

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A slew of stop work orders were handed down to New York City construction sites in the past few weeks as part of major safety crackdown from the Department of Buildings.A total of 322 work sites were shut in June as part of the city’s “Zero Tolerance” safety sweep announced…

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Maturing Life Sciences Industry Seeks More Refined, Mixed-Use Spaces

Maturing Life Sciences Industry Seeks More Refined, Mixed-Use Spaces  

A new $330M development taking shape inside a former 1915 Ford Motor plant in Pittsburgh aims to be a center of innovation and new industry, which in 2021 means building space for the life sciences.

The repurposing of the 335K SF industrial site, where Model T automobiles were once assembled, seeks to turn industrial space into an innovation center. The six-story crane shed where raw materials were moved from railcars will become an open-air atrium and collaboration space.

The Assembly, set to open early next year in the Bloomfield/Shadyside neighborhood, showcases how the design of life sciences spaces is maturing along with the industry and favoring more mixed-use developments, often at a larger scale. As the industry continues to boom — Cushman & Wakefield predicts $90B in investment in…

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New Submarkets Competing To Cash In On Data Center Boom

 

U.S. communities hoping to attract data centers need to bring more to the table than available land.

As demand for capacity continues to grow — and a steady stream of investor capital floods into the industry — the pandemic-stimulated data center boom shows few signs of slowing, industry leaders said at a Bisnow webinar this week on emerging data center submarkets in the mid-Atlantic. 

While large data centers have traditionally been clustered in hubs such as the so-called Data Center Alley in Northern Virginia’s Loudoun County, advances in network technology and a shortage of available land in these hubs are driving colocation operators into nearby markets that, until recently, had little large-scale internet infrastructure.

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