Rochester, NY SWBR has hired Andrew Altoft as project designer. As part of the firm’s Workplace Studio, Altoft is responsible for coordinating design and construction documentation for a variety of corporate, industrial and municipal projects. He received a bachelor’s degree in architectural technology from Alfred State College.
“Meaningful design is about impacting people in a positive way,” Altoft said. “It can be the home someone raises their family in, the school that gives kids the opportunities they need to succeed or the research laboratory that brings a revolution in science.”
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,