Modern Home Builder - Winter 2018 - 118

KCG Development

KCG Development strives to set the standard for excellence in the multifamily industry and be the partner of choice for community redevelopment.

ing space with a business center, a central laundry facility, fitness
center, pool, playground and green space for pets. "We want our
amenities to be highly attractive to working individuals, seniors
and young families," Wilmoth says. "We create communities by designing the shared space to encourage resident interaction."
Each unit will be wired accordingly to handle the fastest internet speeds, but KCG Developments also equipped its community
space with Wi-Fi to bring everyone together. "The goal is to create community by centralizing residents around a central amenity,
whether that be the green space, playground or the community
center," Wilmoth explains.

AP LOFTS

KCG Development's Florida office is also developing AP Lofts
at Larkinville in Buffalo, N.Y., a mixed-use, mixed-income, historic adaptive re-use that will offer modern loft-style apartment
homes to the Larkin District. "By converting the historical industrial building to loft-style apartments, we focused on the young
millennial who is just starting out their career in addition to the
workforce housing needs that were identified in collaboration with
the city of Buffalo," Wilmoth says.
The lack of workforce housing, which KCG Development describes as targeting those who earn more than 60 percent of the
median income but less than 120 percent, is a major focus for the
company as the need continues to increase. "It's teachers, firefighters and nurses, for example, who earn too much to live in
affordable housing, but not enough to afford $2 per square foot,"
118

www.mhb-magazine.com Winter 2018

Wilmoth explains. "We are seeing that it is more and more difficult for those in the middle class to create wealth because they
are spending 40 to 50 percent of their income on housing alone in
some areas."
To meet that need in Buffalo, AP Lofts are poised to become the
next premier mixed-use housing and commercial development in
the ever-growing Larkin District. "AP Lofts are located at the cor-

"Anywhere we build
communities, the bedrock of
that community is whether
children have access to
quality education."
ner of Hamburg and Swan streets, the building and site is home to
the former Atlantic & Pacific Tea Co. warehouse that was built in
1910 and was a major distributor at that time," Wilmoth says.
AP Lofts will include 147 apartment homes and two stories of
interior mezzanine parking within the existing historic warehouse.
Construction began in summer 2016 and is expected to be completed fall 2018.


http://www.mhb-magazine.com

Table of Contents for the Digital Edition of Modern Home Builder - Winter 2018

Contents
Modern Home Builder - Winter 2018 - Cover1
Modern Home Builder - Winter 2018 - Cover2
Modern Home Builder - Winter 2018 - 1
Modern Home Builder - Winter 2018 - Contents
Modern Home Builder - Winter 2018 - 3
Modern Home Builder - Winter 2018 - 4
Modern Home Builder - Winter 2018 - 5
Modern Home Builder - Winter 2018 - 6
Modern Home Builder - Winter 2018 - 7
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Modern Home Builder - Winter 2018 - Cover3
Modern Home Builder - Winter 2018 - Cover4
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