Source: https://www.lexology.com/, January 14, 2024
By: Abby Dvorkin and S. Bradford Butler, Frost Brown Todd LLP

As we settle into 2025, multifamily housing developers across the country are eager to break ground on new multifamily housing projects to address the significant nationwide housing shortage and to realize the opportunities that such shortage presents. While all developers understand the importance of proforma budgets and financial projections when determining the price to pay for the land for a project, developers may overlook the importance of the forms of design and construction contract documents, all of which may materially affect the project’s likelihood of success. While not an exhaustive list, here are a few things that developers should consider when planning their next project: Read more.