The Residences at Choctaw Trail is now Pre-Leasing
The Residences at Choctaw Trail, a new affordable housing community being developed by Michaels in Saddle River, NJ is now pre-leasing. This 112-unit community offers a variety of amenities, including a fitness center, a multipurpose room where social services will be offered, a basketball play area, outdoor seating areas, and more. The Residences at Choctaw Trail offers rent-restricted apartments. Individuals interested in applying must have a minimum income to qualify, but must not go over the maximum income limits. Learn more here.
First Two Buildings of Legends South A3 Receive Full Building Permit
Full building permits have been issued for the first two buildings of Michaels’ Legends South A3 development in partnership with Brinshore Development. Formerly the site of the Robert Taylor Homes, the currently vacant lot will be transformed into a high-quality affordable housing community, comprising a mix of one-, two-, and three-bedroom units across two separate buildings, a four-story elevator building, and a three-story walk-up building.
Oak and Larrabee Development Approved for $14 Million in TIF Funding
The Committee on Finance of Chicago has approved $14 million in tax-increment financing (TIF) funds for Michaels’ Oak & Larrabee mixed-income housing development in Cabrini-Green. The development will offer 78 units, 54 of which will be affordable, with a wide range of amenities including a community room, fitness center, and second-floor outdoor patio. Read more here.
Michaels and SNRHA to Bring Two New Affordable Housing Developments to Las Vegas
Michaels, in partnership with the Southern Nevada Regional Housing Authority, is set to break ground on two major affordable housing developments in Las Vegas, Nevada, following successful financial closings on both. The communities, Duncan & Edwards and 28th & Sunrise, will offer a total of 201 affordable apartments, both with a variety of community amenities.
Left: Duncan & Edwards; Right: 28th and Sunrise conceptual site plans
Michaels Welcomes Mark Biancucci as New Deputy Chief Financial Officer
Mark Biancucci has joined Michaels in the newly created role of Deputy Chief Financial Officer. A finance executive with more than 22 years of experience in real estate investment, development, and construction, Biancucci brings in-depth knowledge and expertise to his new role. Read more here.
Michaels Partners with U.S. Defense Department to Support Military Spouse Careers
The Michaels Organization has joined the Military Spouse Employment Partnership (MSEP), a unique program offered through the U.S. Department of Defense that connects military spouses with partner employers who have committed to recruit, hire, promote and retain military spouses. Last month, Michaels’ Chief Operating Officer Matt Sullivan officially signed off on the partnership at a special induction ceremony in Crystal City, VA. Read more here.
Pictured (L-R): Lee Kelley, Principal Director, Military Community & Family Policy; Jeffrey Angers, Principal Deputy, Manpower & Reserve Affairs; Tim Dill, Assistant Secretary of Defense, Manpower & Reserve Affairs; Matt Sullivan, Chief Operating Officer, The Michaels Organization.
The Minute Clip
Michaels Scholar Crystal Dove
Meet Crystal Dove, a Michaels Scholar and first-generation college student at Penn State Abington. With the help of her scholarship from The Michaels Organization Educational Foundation, Crystal plans to work toward her degree in Business and hopes to one day open a business of her own, whether it's a daycare or a salon. To learn more and support Scholars like Crystal, visit michaelsscholars.com.
Doing Well By Doing the Extraordinary
The Michaels Organization Educational Foundation Announces 2025/2026 Scholarship Program
The Michaels Organization Educational Foundation is now accepting scholarship applications for the 2025/2026 academic year. All residents living at affordable and military housing communities owned or managed by Michaels who have a high school diploma or equivalent and plan to pursue higher education at a university, college, or trade/professional school are encouraged to apply. Read more here.
Michaels in the News
CEO Mark Morgan for Forbes: Celebrating Change Makers
Michaels CEO Mark Morgan is sharing with Forbes the importance of recognition programs and opportunities in the workplace. Read his tips for creating a culture of excellence here.
COO Matt Sullivan for KeyCrew Journal: Sustainable Communities, Local Impact
Through an integrated approach to housing development, sustainability, and community investment, Michaels continues to demonstrate how thoughtful development can create lasting positive change in communities across America. Read more from COO Matt Sullivan in KeyCrew here.
Los Angeles Business Journal: Affordable Housing Requires Vision
The need for equitable, large-scale opportunities for housing is more urgent than ever in Los Angeles. Learn how Jordan Downs, Michaels’ redevelopment of one of the largest and oldest public housing communities in the U.S., is addressing this need and dramatically changing the residential experience here.
Walking the Job
VP Nick Cangelosi Invited to Serve on CCSNJ Board of Directors
Nick Cangelosi, Michaels’ Vice President of Development, has been invited to serve on the Board of Directors of the Chamber of Commerce Southern New Jersey and will begin his term following the Chamber’s meeting on March 12th. Cangelosi is the lead developer of many of Michaels’ most high-profile affordable housing developments in South Jersey, including two major neighborhood revitalizations in Camden, and Park Village in Cherry Hill.
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