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Multifamily

DevelopmentKansasMidwestMultifamily

Ryan Cos., EPC Real Estate Open The Oslo Luxury Apartment Community in Overland Park, Kansas

by Kristin Harlow

OVERLAND PARK, KAN. — Ryan Cos. US Inc. and EPC Real Estate Group have opened The Oslo, a 413-unit luxury apartment community in the Kansas City suburb of Overland Park. Featuring Scandinavian-inspired design, The Oslo rises four stories at the intersection of 135th Street and Antioch Road. Amenities include a resort-style pool, fitness center, spa and sauna room, yoga studio, golf simulator, podcast studio and clubhouse. There are also dedicated coworking spaces, green spaces, a dog park and walking trails. Smart technology is fully integrated throughout the community, enabling residents to control access to their units, adjust thermostats and receive package notifications via a mobile app. Electric vehicle charging stations are also available at the property. Ryan served as the developer, builder and capital markets partner for the project, working alongside EPC. NSPJ Architects led the design, Olsson provided civil engineering, Lankford & Associates handled mechanical, electrical and plumbing engineering, and Bob D. Campbell oversaw structural engineering. Monthly rents start at $1,685, according to the property’s website.

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Affordable HousingDevelopmentMichiganMidwestMultifamily

Cherry Health, Woda Cooper Break Ground on 56-Unit Affordable Housing Project in Wyoming, Michigan

by Kristin Harlow

WYOMING, MICH. — Cherry Health and Woda Cooper Cos. Inc. have broken ground on Shea Ravines, a 56-unit affordable housing community adjacent to Cherry Health’s Wyoming Community Health Center. The four-story building will offer 40 one-bedroom units and 16 two-bedroom residences for singles, families and seniors who earn up to 80 percent of the area median income. There will be 20 Permanent Supportive Housing units reserved for renters exiting homelessness. Those units are supported by rental assistance provided by the Grand Rapids Housing Commission. Nonprofit services provider Community Rebuilders of Grand Rapids will coordinate supportive services to assist these residents. Amenities will include a multipurpose room, playground and bike storage. The US Green Building Council expects the property to be certified LEED Zero Energy. The project is named in honor of prior Cherry Health CEO Chris Shea. Additional phases of development are planned, for a total of 112 affordable housing units on the campus. The City of Wyoming approved a 3 percent Payment in Lieu of Taxes, which helped make the project possible. In 2024, the Michigan State Housing Development Authority (MSHDA) allocated housing tax credits to Shea Ravines to support the development financing. Earlier this year, MSHDA allocated housing …

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Affordable HousingDevelopmentMultifamilyNortheastSeniors HousingVermont

M&T Realty Capital Provides $5M in Equity for Affordable Housing Redevelopment in Vermont

by Taylor Williams

ORANGE COUNTY, VT. — M&T Realty Capital Corp. has provided $5 million in equity for Chelsea Williamstown Apartments, an affordable housing redevelopment project in Vermont’s Orange County. The project involves the rehabilitation and adaptive reuse of two noncontiguous properties that will add 61 rent-restricted units, many of which will be marketed to seniors, to the local supply. Northfield Savings Bank is financing construction, which is expected to be complete next spring. The owner was not disclosed. M&T also provided a $5.6 million Fannie Mae M.TEB forward commitment as part of the capital stack.

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290-Coles-Street-Jersey-City
DevelopmentMultifamilyNew JerseyNortheastTop Stories

Partnership Breaks Ground on $400M Multifamily Development in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — A partnership between New York-based developer The Albanese Organization, BXP (NYSE: BXP) and Boston-based investment manager CrossHarbor Capital Partners has broken ground on 290 Coles Street, a $400 million multifamily development in Jersey City. Completion is slated for spring 2028. In addition to its namesake thoroughfare, the 1.7-acre site in the West SoHo neighborhood, which spans a full city block, is bounded by Jersey Avenue and 16th and 17th streets. Plans call for 670 apartments, 60,000 square feet of indoor and outdoor amenity space and 13,000 square feet of retail space. More specifically, 290 Coles will consist of two buildings that will rise 14 and 21 stories that will be constructed above a six-level podium. Floor plans were not disclosed. Amenities will include coworking areas, a fitness center, rooftop sky lounge and sundeck, outdoor pool, golf simulator, chef’s kitchen, children’s playroom and a pet spa. MHS Architecture designed the development, with Brooklyn-based Meshberg Group handling interior design. K L Masters Construction Co. is serving as the general contractor and construction manager. Additional project partners include ICOR Consulting Engineers, DeSimone Consulting Engineering and Dresdner Robin. “With its continued population growth, Jersey City is an attractive market for …

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Addison Landing
AcquisitionsFloridaLoansMultifamilySoutheast

Berkadia Arranges $44.6M Sale, Financing of Multifamily Community in Jacksonville, Florida

by Abby Cox

JACKSONVILLE, FLA. — Berkadia has arranged the $44.6 million sale of Addison Landing, a 289-unit, garden-style multifamily community located in Jacksonville. Greg Rainey of Berkadia represented the seller, Florida-based WRH Realty, in the transaction. The buyer was Tampa, Florida-based Argyle Real Estate Capital. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler and Hugo Hernandez of Berkadia also secured $31.3 million in financing through a Freddie Mac loan for the acquisition. The 10-year floating loan features interest-only payments for seven years. Built in 2007 on a 19-acre site, Addison Landing comprises 34 two- and three-story buildings. Floorplans at the property include one-, two-, three- and four-bedroom units totaling up to 1,425 square feet, according to Apartments.com. Select units also offer private, fenced yards, vaulted ceilings and lake views. Amenities at the community include a swimming pool, sun deck, outdoor kitchen and poolside lounge, clubhouse with a fitness center, billiards room, business center, playground, dog park, pet stations, package locker system and detached garages. The revious ownership invested $4.6 million in community enhancements.

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NOVEL UHill
DevelopmentMultifamilyNorth CarolinaSoutheast

Crescent Communities Breaks Ground on NOVEL UHill in Durham, North Carolina

by Abby Cox

DURHAM, N.C. — Charlotte-based Crescent Communities has broken ground on NOVEL UHill, a 400-unit multifamily community located in the University Hill neighborhood of Durham. Situated on 6 acres, the five-story midrise building will offer studio to three-bedroom units, as well as 19 freestanding townhomes with two- and three-bedroom layouts.   Amenities at the complex will include a 1,450-square-foot indoor-outdoor sky lounge, community clubroom, resort-style swimming pool with lounge chairs and a grilling station, fitness studio with private yoga rooms, table tennis area, coworking lounge, two outdoor courtyards, a fenced-in dog park and an onsite Land of a Thousand Hills coffee shop. In addition to UHill Walls, a 40,000-square-foot public art installation, NOVEL UHill will incorporate original artwork throughout the property. This project follows the debut of NOVEL Morrisville and NOVEL Cary earlier this spring, both of which are currently leasing. Crescent Communities Construction will serve as the development’s general contractor, with KTGY serving as the project’s architect. Kimley Horn & Associates will handle civil engineering and landscape architecture. Financial partners for the project include Kyuden Urban Development America LLC and NEC Capital Solutions America Inc. Santander Bank will provide debt financing for the project.

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Alta-River-Park-Fort-Worth
DevelopmentMultifamilyTexas

Wood Partners Breaks Ground on 365-Unit Multifamily Project in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Atlanta-based developer Wood Partners has broken ground on Alta River Park, a 365-unit multifamily project in Fort Worth. Located just west of the Chisholm Trail Toll Road on the city’s southwest side, the property will offer studio, one-, two- and three-bedroom units. Amenities will include a pool, pet facilities, pickleball court, outdoor activity space, bike storage, a sky deck and direct trail access to the Trinity Clearfork trail system. The first units are expected to be available for occupancy next fall, with full completion slated for spring 2027.

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Brightview-Joy's-Farm-Paramus-New-Jersey
DevelopmentMultifamilyNew JerseyNortheastSeniors Housing

Brightview Underway on 332-Unit Seniors Housing Community in Paramus, New Jersey

by Taylor Williams

PARAMUS, N.J. — Brightview Senior Living is underway on construction of a 332-unit community in the Northern New Jersey community of Paramus. Brightview Joy’s Farm will total 55,192 square feet, with 162 independent living units and a separate, 170-unit assisted living and memory care facility. Amenities will include a clubhouse, pool and both fitness and entertainment areas/venues. Project partners include Market Square Architects, IMC Construction and T&T Construction Management Group Inc. A tentative completion date was not announced.

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582-Kelley-North-Attleboro-Massachusetts
DevelopmentMassachusettsMultifamilyNortheast

Marcus Partners Breaks Ground on 304-Unit Multifamily Project in North Attleboro, Massachusetts

by Taylor Williams

NORTH ATTLEBORO, MASS. — Regional owner-operator Marcus Partners has broken ground on 582 Kelley, a 304-unit multifamily project that will be located in North Attleboro, about 15 miles north of Providence. The property will offer one-, two- and three-bedroom apartments and amenities such as a pool, clubhouse, fitness center, coworking space, dog park, community gardens and outdoor grilling stations. TD Bank is financing the project, the first units of which are expected to be available for occupancy sometime next year.

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ConnecticutDevelopmentMultifamilyNortheast

Garden Communities Completes Lease-Up of 260-Unit Apartment Complex in Trumbull, Connecticut

by Taylor Williams

TRUMBULL, CONN. — New Jersey-based developer Garden Communities has completed the lease-up of The Residences at Main, a 260-unit apartment community in Trumbull, located in Connecticut’s Fairfield County. The property is now more than 90 percent occupied. The unit mix consists of 70 one-bedroom apartments and 190 two-bedroom residences that range in size from 740 to 1,250 square feet. Amenities include a pool, fitness center, coworking lounge, package locker system and a pet park. Leasing began in May 2023.

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