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Condo-Hotel, National Condo Developer Earn Top Honors
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Its style and luxuriously high-end features earned The Setai Resort and Spa in the historic Art Deco district of Miami Beach, Fla. top honors in the mixed-use category as well as the Freddie Mac Multifamily Community of the Year Award.
| A condominium-hotel in Miami’s South Beach and a national developer of condominiums were among 30 multifamily developers, builders, marketers and industry professionals honored by NAHB as the “best of the best” in the multifamily housing industry last week.
The Pillars of the Industry Awards were presented in conjunction with the NAHB Multifamily Council's annual educational conference held in Scottsdale, Ariz. on April 3-5.
Considered the most prestigious national awards in the industry, the Pillars honor excellence in apartment and condo design, development, marketing and management, and showcase future trends and innovation in multifamily housing.
NAHB recognized the winners in three areas: building, marketing and management.
The Setai Resort and Condominiums, a condo-hotel, took top honors as Best Multifamily Community of the Year, an award selected from among all the winning entries in the builder award categories. The Setai also won this year’s Best Mixed-Use Community award.
Crescent Heights, a New York City firm specializing in condo conversions, was one of two firms that received the Freddie Mac Development Firm of the Year award. The company, headed by Bruce Menin, has created a system for handling the conversion process, from acquisition to final sale, that gives every buyer individual attention. This was the first time that this award was given to a condominium developer.
Freddie Mac and NAHB also honored the Minneapolis-based Lander Group, an urban infill developer, with the Development Firm of the Year award. The Lander Group¸ headed by Michael Lander, focuses on smaller-scale urban infill development using green building technology.
“In what has been an exceptional year for multifamily housing, condo construction and conversion activity have shown impressive growth, and that’s reflected in the number of exemplary award-winners and finalists in for-sale categories of the Pillars competition,” said Jerry Howard, NAHB's executive vice president and CEO.
While the large number of condos and condo hotels entered in the competition was no surprise, Howard said he was impressed that the number of entries in the affordable housing category increased by a third over last year’s record number of affordable entries.
“As land prices increased, the cost of renting and buying rose as well, pricing many out of a market-rate apartment or condo,” Howard said. “It is heartening to see how many developers have been working with great creativity and skill to address the needs of working people who need access to high-quality affordable housing.”
Mike May, vice president of multifamily sourcing for Freddie Mac, praised this year’s outstanding group of winners and finalists. “It is really inspiring to see the innovative ways that multifamily developers have found to house America’s families and build communities that meet such a variety of needs and desires,” he said.
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3303 Water Street, a new six-story condominium that looks a lot like the old factory buildings along the historic C&O Canal in Georgetown in Washington, D.C., was a finalist in the category of best for-sale community.
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The 2006 Pillars of the Industry Award
- Best Garden Rental Apartment Community (four stories and under) Primary Market
Centergate at Baldwin Park
Orlando, Fla.
Torti Gallas and Partners
- Best Garden Rental Apartment Community (four stories and under) Secondary Market
The Hawthorne at Gillette Ridge
Bloomfield, Conn.
The Bozzuto Group
- Best Mid-Rise Rental Apartment (5-8 stories)
The Clarendon
Arlington, Va.
Torti Gallas and Partners
- Best High-Rise Rental Apartment (nine stories and above)
Spinnaker Bay Waterfront Apartment Homes
Baltimore
The Bozzuto Group
- Best Luxury Rental Apartment Primary Market
The St. James
Philadelphia
Clark Realty Capital
- Best Loft Community
Absolut Lofts
Miami Beach, Fla.
Kobi Karp Architecture and Interior Design
- Best Repositioning or Rehabilitation of an Apartment Asset
Metro 417
Los Angeles
Thomas P. Cox: Architects
- Best Affordable Apartment Community
Martin Luther King Plaza Neighborhood Revitalization
Philadelphia
Torti Gallas and Partners
- Best Student Housing Apartment Community
Wasylean Hall at Worcester State College
Worcester, Mass.
Add Inc
- Best For Sale Multifamily Community: 15 units per acre or less
Marriott's Newport Coast Villas
Newport Coast, Calif.
McLarand Vasquez Emsiek & Partners
- Best For Sale Community: 15-40 units per acre
Chatham Square
Alexandria, Va.
EYA
- Best For Sale Community: more than 40 units per acre
Lexis Condominiums
Portland, Ore.
Mithun
- Best Mixed-Use Community
The Setai Resort and Condominiums
Miami Beach, Fla.
Schapiro Associates/Architecture Urbanism Interiors
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The owners of the Kennedy-Warren Apartments in Washington, D.C. dusted off the old plans for the Art Deco building, much of which was completed in 1931, and began renovating it 70 years later. The Kennedy-Warren was a finalist in the best repositioning or rehabilitiation of an apartment asset category.
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- Best Urban Site Plan
Chatham Square
Alexandria, Va.
EYA
- Most Creative Financing of an Apartment Community
Kales Building
Detroit
Mansur Real Estate Services
- Best Clubhouse/Leasing Center for a Rental Apartment Community
Dry Creek Lodge
The Colony, Texas
Hensley Lamkin Rachel
- Best Clubhouse/Leasing Center for a For-Sale Community
Apogee
Miami Beach, Fla.
The Related Group of Florida
- Best Interior Merchandising at a Multifamily Community
The Meridian Apartments at the Crossing
San Bruno, Calif.
Creative Design Consultants
- Best Web Site for a Rental Apartment Community
The Ellington Apartments
www.ellingtonapartments.com
Washington, D.C.
Merrick Towle Communications
- Best Web Site for a For-Sale Community
Apogee
www.apogeesouthbeach.com
Miami Beach, Fla.
The Related Group of Florida
- Best Brochure for a Rental Apartment Community
The Crest at 63 Wall Street
New York
Posner Advertising
- Best Brochure for a For-Sale Multifamily Community
Sundari Lofts & Towers
New York
Posner Advertising
- Best Overall Sales or Leasing Campaign for a Multifamily Community
Element Condominium
Atlanta
Lane Realty Construction
- Best Corporate Web Site
KSI
www.ksi.com
Vienna, Va.
KSI Services
- RAM (Registered in Apartment Management) Professional of the Year
Tracy Hill
Chicago
Property Specialists
- Property Manager of the Year
Laura Snyder
Herndon, Va.
KSI Services
- Regional/Multi-Site Manager of the Year
Elizabeth Long
Atlanta
Post Properties
- Property Management Company of the Year
Archstone-Smith
Englewood, Colo.
R. Scot Sellers, Chairman & CEO
- Freddie Mac Multifamily Development Firm of the Year
Crescent Heights
New York
Bruce Menin, CEO
- Freddie Mac Multifamily Development Firm of the Year
Lander Group
Minneapolis
Michael Lander, President
- Freddie Mac Multifamily Community of the Year
The Setai Resort and Condominiums
Miami Beach, Fla.
Schapiro Associates/Architecture Urbanism Interiors
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