Michaels Organization Set to Break Ground in Davis

The Michaels Organization, a national leader in residential real estate, and its partners, Kyuden Urban Development America and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN), are poised to break ground on a new multifamily housing community featuring ground-floor commercial space in Davis.

The $88-million development, branded “The Lumberyard,” will rise on the former site of Hibbert’s Lumberyard and Hardware Store at the intersection of G and 5th Streets in downtown Davis. The five-story mid-rise will offer 239 apartments, 5% of which will be set aside for households earning 50% or less of the Area Median Income.

This is Michaels’ first partnership with Kyuden Urban Development America and JOIN USA.

“We are excited and thankful for the opportunity to partner with Kyuden and JOIN on this transformative development,” said Michael Flannagan, Michaels’ CIO. “Working alongside their teams to reach this financial closing has been a wonderful experience, and we are thrilled to officially break ground and begin the journey of bringing The Lumberyard to life alongside such dedicated partners.”

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Michaels Organization Set to Break Ground in Davis

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