Residential

Brothers Mathew and Michael Pestronk founded Post Brother Apartments in 2007, at a time when other companies in construction and development were feeling the market shift downward. The brothers firmly believed they could grow their apartment development company by going after underutilized markets and providing a product that did not exist in those areas before: high-end luxury apartments.

With the financial backing to acquire properties at the depressed market prices of the time, and a focus on quality and sustainability, Post started expanding its reach.

In December 2011, Joe Ryan, founder and president of property development firm Oppidan, took a trip that would open up great opportunities for his company in an area in serious need of development: the Bakken Shale Region in North Dakota.

“We had read a lot about the Bakken, so a couple of people in the office and I went out there and looked at what was happening in the area,” Ryan recalls. “We soon realized that there was a lot going on and, after doing thorough research, we realized that the growth in the area was there to stay and will become a significant part of our future as a country.”

The third phase of a major mixed-use development just outside of Washington, D.C., is underway. This January, general contractor KBR Building Group began  excavation and earth retention system work on The Acadia at Metropolitan Park in Arlington, Va., a 19-story residential and retail building.

When completed in August 2015, the 677,154-square-foot, $86 million Acadia will be the newest – and largest – component of the Metropolitan Park development. The development, owned by real estate firm Kettler and equity partner ING, is located in a former warehouse district in Arlington. The Metropolitan Park development is projected to ultimately house more than 5,000 residents in more than 3,000 units and offer a total of 100,000 square feet of retail space.

When a company that got its start manufacturing structures in an abandoned chicken coop in rural Georgia continues to thrive more than four decades later, it is because its ownership is willing to do whatever it takes to stay afloat.

Horton Homes Inc. finds itself searching for new markets to penetrate after the economic downturn of the previous decade eliminated many of its traditional revenue streams. However, the Horton family is not giving up.

A division of The Donohoe Cos. Inc., Donohoe Construction Co. has served both public and private clients such as major academic and cultural institutions in the Washington, D.C., metropolitan area. The Donohoe Cos. Inc. is the oldest full-service real estate business in the Washington, D.C., metropolitan area. “Established in 1884 as John F. Donohoe & Sons, our firm has played a vital role in the real estate community and has helped to shape the regional landscape,” the company says. Since 1955, Donohoe Construction has built more than 1,000 projects.

 As a follow-up to the successful EnV luxury rental residence in Chicago’s River North neighborhood, Lynd Development Partners has teamed up with LNR Property LLC for a second EnV – this time in Miami’s Mary Brickell Village. Located in the heart of Miami’s financial district, Mary Brickell Village offers an eclectic mix of upscale dining, shopping and entertainment options. The village-like setting with lush vegetation, water features and entertainment venues offers 195,000 square feet of retail space and two public plazas surrounded by mature oak and mahogany trees. Offering everything from Mexican to Asian, seafood to Italian Cuisine, Mary Brickell Village has become a dining and entertainment mecca for residents and visitors.

Few companies can boast the impressive returns that The Michaels Organization has posted since its inception in 1973. Led by chairman and CEO Michael J. Levitt, the company has exceeded $900 million in revenues and orchestrated $3 billion in development and substantial rehabilitation. The firm owns and manages more than 340 properties.

Having deep roots in affordable and mixed-financed housing markets throughout the United States, The Michaels Organization currently operates several companies under its umbrella including The Michaels Development Company, Interstate Realty Management Company, Michaels Military Housing, Michaels Management Services, Prestige Affordable Housing Equity Partners, Prestige Building Co. and Continental Mortgage Corp.

With the residential crash of the construction market in 2006, many companies were left scrambling to survive and adapt to the new reality that replaced the boom of the past. Many companies simply didn’t make it, those that did took from the experience lessons that will help them rebuild and thrive in the new construction market. Jon M. Hall Co. of central Florida weathered the storm and came back strong thanks to perseverance, diversification and a great reputation.

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