Recently, several developer clients of ours have mentioned a multi-family product type called Build-to-Rent (BTR). The concept is to develop and build single-family home communities where the houses are rented to tenants in lieu of being sold to homebuyers. According to Northmarq’s March 2021 report, strong consumer trends support the growth of this type of multi-family development. Renters are growing more affluent, causing shifts in their desired types of rental homes, features, and amenities. People also have lasting scar tissue of the housing crash of the Great Recession, which negatively impacted so many. More recently, the COVID-19 pandemic has created a need at the top of people's shopping lists for more work-from-home space. Also, the desire to live in less dense apartment buildings has people moving towards the BTR solution.
BTR multi-family developments offer tenants the larger space of a traditional house to people who can’t afford the large down... Read More >
The Douglas Company, an industry-leading general contractor, announces that construction is underway on The Sagefield, a new multi-family residential development in Jacksonville, Florida.
The Developer, Chance Partners, LLC, selected architectural firm Dynamik Design Partners, an Atlanta, Georgia-based company, to design the 274,590 square-foot multi-family community. The Sagefield will include 234 one-bedroom, two-bedroom, and three-bedroom units in two 4-story apartment buildings and two 2-story carriage homes with tuck-under garages. The architecture will feature a contemporary farmhouse design, with gabled rooflines, vertical siding, and a dark red, charcoal, and white color scheme. Apartments will feature stainless steel appliances, granite countertops, smart home technology, sleek wood-like flooring, 10-foot ceilings, and upscale finishes.
Generous community amenities will include a clubhouse, co-working space, a 24-hour fitness center, e-scooter and bike share, a resort-style pool, an outdoor kitchen and fire pit, a pet spa, and a Starbucks® coffee bar. The landscaping surrounding the community will complete the... Read More >
Due to the ongoing impacts of COVID-19, some new projects struggle to secure the necessary capital stack to move forward. This has been more of an issue in the senior living segment than the multi-family segment; the multi-family space has remained resilient during this challenging year in regards to financial backing for new construction. In speaking with our friends in the debt and equity circles, the money to fund new ground-up senior living projects is getting much more selective, but I am still being told “the good deals/projects find a way to get done,” that is positive to hear.
In this environment, now more than ever, developers need to have the best teams possible in place to support a successful project. This of course, includes their general contractor, architect, and operator. Debt and equity sources need to feel confident that the project has the best possible chance of success. The whole... Read More >
Who is ready to turn the corner on everything that has been in front of us in the last couple of months? I know I am. While The Douglas Company has been fortunate and grateful to continue operations as an essential business during this pandemic, it has, of course, prevented me from getting out and seeing clients, prospects, and my networking partners, unfortunately. As I’m sure many can relate, Zoom is just not the same!
That being said, and while it could have spawned from better circumstances, there will be some interesting and exciting times ahead for the design and construction of multi-family spaces in particular senior living communities.
We have been busy in our estimating and pre-construction departments assisting clients with conceptual budget estimates and value engineering as usual and look forward to seeing more and more creative ideas on how to address health crisis type issues that can... Read More >
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After several months of hard work and dedication, The Douglas Company is thrilled to officially announce the launch of our new website! We invite you to visit us at douglascompany.com to learn more about our processes, services, culture, and to explore our project portfolio.
Our new website coincides with our expanding role as an industry leading General Contractor specializing in the construction and renovation of senior living and multi-family projects. The primary objectives of the redesign of our site were focused on providing the opportunity to rediscover who we are as a company, our services and solutions, aesthetics, simplifying our content, and increasing the visibility of our brand.
We built our new website with you in mind; you'll find our new site is divided into three main sections: Read More >
Since our founding in 1976, The Douglas Company has focused on building senior living and multi-family projects for owners and developers who depend on us to control the risks and costs of the many facets of development. During that time we have developed comprehensive processes for nearly everything we do.
From preconstruction, project start, through construction, project completion and warranty, we have 68 detailed and documented processes in place that are followed, tracked and reported on consistently. Additionally, we are continuously training our staff on these processes to assure consistency in the delivery of quality products. These proven processes, and The Douglas Company’s discipline in following them is a true competitive advantage and provides our clients with the added value they deserve and expect from The Douglas Company.
Earlier this year, we decided it was time to “brand” our processes to help our clients better understand how The Douglas Company will fulfill... Read More >
The Douglas Company, General Contractor, is pleased to announce the completion of construction on The Tower on the Maumee luxury apartments, located on the Maumee River in the downtown area of Toledo, Ohio.
This $21.7 million project was the redevelopment of the top 11 floors of a 30-story office tower. With construction complete in March 2018, The Douglas Company, owner George F. Eyde Family, LLC, and Quinn Evans Architects hope to breathe new life into this "glass city" historic landmark.
This new residential development offers elegance and sleek design. One hundred six apartments provide spacious floor plans between 719 and 1,265 square feet with one or two bedrooms. All units come equipped with stainless steel appliances, including a full-size washer and dryer, granite counter tops and islands, Italian tile floors, and 7-foot panoramic windows affording stunning views of downtown Toledo and the Maumee River.
The Tower on the Maumee, formerly the Fiberglas Tower,... Read More >
General Contractor, The Douglas Company, announced construction is officially underway for The Tower on the Maumee, a multifamily redevelopment located along the Maumee River in the downtown area of Toledo, Ohio.
The $20.4 million dollar construction project, being developed by The Eyde Company, will transform the top 11 floors of the vacant 400-foot-tall fiberglass tower into 106 luxury one-bedroom and two-bedroom apartments, ranging from 719 - 1,265 square feet.
With expected completion in December 2017, these modern apartments designed by Quinn Evans Architects will feature amenities including stainless steel appliances, Italian tile and marble thresholds imported from Italy and installed by Italian artisans, roller window shades, marble window sills, views from full height curtain walls, and granite kitchen & island countertops.
"This is a historic piece of Toledo and a once-vibrant building, our team is excited to be part of bringing this building back to life and new business to our hometown," said... Read More >
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