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| In the News Recession Proof? Student housing developers find places to succeed,despite tough economic times. By Bendix Anderson Tampa, Fla.-Education is supposed to be a recession proof industry-but tell that to the administrators at the University of South Florida.To help fill huge holes in the state budget, Florida law makers slashed the school's budget. In response, the school plans to cut enrollment.That's bad news for The Dinerstein Cos., which plans to start renting 723 new beds next year at Sterling South Florida, a student housing community under construction here.But even if enrollment drops, the mid-rise buildings at Sterling are in a good place to compete, says partner Brian Dinerstein. With generous outdoor space, including two swimming pools, the new community is less than a third of a mile from the school's frontgate. It will be the only new student housing located so close to campus, says Dinerstein. Story continued... Luxury apartments take time to develop in The Woodlands Houston Business Journal by Jennifer Dawson After more than a year of discussions, the Dinerstein Cos. and The Woodlands Development Co. have decided to become joint venture roommates on a luxury apartment project. A four-story complex dubbed Millennium Woodlands will add 393 upscale apartments to the master-planned community’s urban center. The project will be located on six acres in the Waterway Square District of The Woodlands Town Center. The Woodlands contributed a total of 10 acres to the partnership, with the additional four acres earmarked for more units in the future. Brian Dinerstein of Houston-based Dinerstein says Woodlands Development talked to at least a half-dozen apartment developers about partnering on the project before selecting his firm. He says the negotiations lasted a year and a half. Story continued... More development planned for Woodlands Town Center Projects target residents who want to live in urban setting By BETH KUHLES CHRONICLE CORRESPONDENT New urbanism is growing in The Woodlands Town Center, where people return to downtown areas to live, work and play. “It its taking you back to a time a long time ago before people moved out to the suburbs,” said Alex Sutton, co-president of The Woodlands Development Co. “The Woodlands has long had a emphasis on landscaping. In Town Center, the emphasis is more on architecture.” The Woodlands Development Co. recently announced its newest project, which will add a 393-unit luxury apartment complex within the central business district. The apartment, built in conjunction with Dinerstein Companies of Houston, will include green building standards and be designed to attract single, young professionals and empty nesters. Dinerstein Plans $130M Apartment Complex GlobalSt.com by Bob Howard
Dinerstein Companies Rise to 15th in Top 50 Multifamily Builders May 2008 In the May 2008 Issue of Multifamily Executive magazine the Dinerstein Companies rose to 15th in the Top 50 Multifamily Builders for 2007 from 41st in 2006. Former Condo Site to Get the Latest Luxury Rental Concept For more articles visit our: News Archive |
