Redevelopment Strategy
Redevelopment serves as a critical catalyst for community enhancement and sustainable value creation. Through the strategic modernization of apartment communities, we elevate operational efficiency, bolster security, and enhance resident comfort—delivering high-caliber living environments that remain responsive to the shifting demands of contemporary lifestyles.
Transforming Communities, Maximizing Value
A data-driven approach guides the strategic redevelopment of communities, ensuring long-term success by enhancing the resident experience and maximizing asset value. Key initiatives include modernizing interiors with upgraded finishes, appliances, and layouts, enhancing shared amenities such as fitness centers, co-working lounges, and outdoor retreats, and implementing sustainability upgrades to improve energy efficiency and reduce environmental impact. Additionally, innovative technology integrations, including smart-home features and advanced security systems, elevate convenience and peace of mind for residents.
Redevelopment Successes
UDR is proud to present the redevelopments of several apartment communities—an initiative underscoring our commitment to delivering anticipated results through continuous performance and quality oversight. These efforts go beyond stated intentions, demonstrating measurable outcomes by repositioning key assets into contemporary, high-performing communities that feature premier amenities and a superior resident experience.
Island Square
The redevelopment of Island Square in Mercer Island focused on modernizing apartment interiors, enhancing amenity spaces, and refreshing common areas to better align with resident expectations. These updates elevated the community’s appeal while reinforcing its competitive position in the sought-after Seattle metro area.
388 Beale
At 388 Beale in San Francisco, underutilized amenity areas, retail space, and parking garage segments were converted into new apartment homes through an adaptive reuse strategy. This initiative addressed unmet demand for specific unit types while optimizing the building’s footprint. The result: incremental revenue growth, performance exceeding original underwriting projections, and reinforced asset value in a high-demand urban submarket.
Jefferson at Marina del Rey
Jefferson at Marina del Rey underwent a comprehensive redevelopment focused on enhancing resident-centric amenities and improving functionality. The former leasing office was transformed into a modern resident lounge with coworking capabilities. The fitness center was expanded to support a broader range of wellness routines. To meet rising e-commerce demands, the parcel locker system was enlarged, and the pool deck was reimagined with upgraded landscaping to create a more desirable outdoor environment. These strategic enhancements have elevated the property's market position and contributed to stronger performance metrics.