Capodagli

Capodagli Property prides itself on jumpstarting redevelopment in overlooked communities.

By Tim O’Connor

George Capodagli wants his apartment buildings to be like “Cheers” – a place where everybody knows everybody. “The theme of ‘Cheers was where everybody belongs,” the New Jersey developer says. “That’s what we’ve worked towards.”

In every building, Capodagli Property Co. offers social spaces and events such as breakfast and yoga classes where tenants can mingle and get to know each other and interact in a social and professional atmosphere. “One of the things that is very important is the feeling of belonging,” he says. “We want people to feel like they belong.”

KCG

KCG Development is focused on identifying the needs within a community when developing sustainable multifamily housing.

By Janice Hoppe-Spiers

KCG Development strives to set the standard for excellence in the multifamily industry and be the partner of choice for community redevelopment. The company was formed in 2015 to develop, acquire, rehabilitate and own apartment communities along the East Coast, in the Midwest, South and Southeast.

Marvin Wilmoth and Anthony Ceroy, both vice presidents of development, oversee the company’s East Coast development division from Florida, focusing on property development from Florida to New York and west to Louisiana. KCG Development’s team in Texas manages development in the Southwast, and its headquarters in Carmel, Ind., focuses on the Midwest operations.

KCG Development sets itself apart as a developer by understanding that vibrant communities must have connections to all who live and work there. “We approach community development a little different,” Wilmoth says. “We start by identifying housing needs with the local municipality.”

DIRC2

DIRC Homes’ new West Line Village offers homeowners attainable housing with personality.

By Tim O’Connor and Alan Dorich

Sunny skies, superior skiing and an endless number of hiking and biking trails have made Denver a destination city for people who love the outdoors. It’s the 13th fastest-growing city in the country, according to the U.S. Census bureau, adding 13,028 people between 2015 and 2016. All those new residents are driving up housing demand, making Denver one of the hottest homebuilding markets in the country.

The situation has created many opportunities for builders such as DIRC Homes, but brings with it some undesirable side effects. According to real estate analytics firm CoreLogic, home prices in metro-Denver have increased 8.4 percent year-over-year. Salaries aren’t growing fast enough to keep up with escalating housing costs, pricing many first-time homebuyers – the young people responsible for much of the city’s growth – out of the market.

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