Development

StreetLights Residential Breaks Ground on 20-Story Apartment Building in Dallas

by Taylor Williams March 5, 2026

DALLAS — Local developer StreetLights Residential has broken ground on a 20-story apartment building in Dallas. The site is located at the southeast corner of Park Lane and U.S. Highway 75, and the building will offer 365 units in studio, one-, two- and three-bedroom floor plans that will range in size from 505 to 1,707 square feet. Residences will be furnished with stainless steel appliances, custom cabinetry and keyless entry mechanisms, while select units will feature wine refrigerators and built-in desks. Amenities will include a pool, fitness center, game room, private dining room, coffee bar, pet wash station, lounge and outdoor grilling and dining stations. StreetLights is developing the project in partnership with Mitsui Fudosan America. Completion is slated for early 2029.

March 5, 2026

Development Multifamily Texas

Rockefeller Group, Pelican Begin Leasing 298-Unit Multifamily Project in Katy, Texas

by Taylor Williams March 5, 2026

KATY, TEXAS — A partnership between New York City-based Rockefeller Group and Pelican Builders has begun leasing Hudson Crossing, a 298-unit multifamily project in the western Houston suburb of Katy. Hudson Crossing offers one-, two- and three-bedroom residences that are furnished with stainless steel appliances, white quartz countertops, designer tile backsplashes, individual washers and dryers and private balconies. Select residences feature private yards. Amenities include a pool, fitness center, resident clubhouse with a coworking lounge and outdoor gathering areas with grills. Rents start at roughly $1,400 per month for a one-bedroom apartment.

March 5, 2026

Development Georgia Loans Mixed-Use Southeast

Atlantic Cos. Secures Construction Financing, Breaks Ground on Mixed-Use Project in Roswell, Georgia

by John Nelson March 5, 2026

ROSWELL, GA. — The Atlantic Cos. has secured construction financing and commenced construction on Hillrose Market, a seven-acre mixed-use development in downtown Roswell, a northern suburb of Atlanta. The financing included debt from SouthState Bank and a revenue bond issued by the Roswell Downtown Development Authority. Patterson Real Estate Advisory Group arranged the financing. Located adjacent to City Hall with a walking trail connection to the city’s Canton Street district, Hillrose Market will comprise a six-building, 75,000-square-foot retail village surrounding a central greenspace, as well as an office building dubbed 25 Hill along Atlanta Street and an adaptive reuse of the former Roswell Police Department dubbed Station 37 that will feature ground-floor retail space and a second-level workplace. The overall development will also include 143 luxury rental flats and 16 two-story brownstone townhomes. Atlantic Cos. plans to deliver the project in the second half of 2027. The design-build team includes ASD | SKY (architect), Westbridge (commercial consultant), New South Construction Co. (general contractor), Kimley-Horn (civil engineer) and Crosby Design Group (interior design for the multifamily component). Bridger Properties is handling the development’s retail leasing assignment, and Cushman & Wakefield is handling office leasing.

March 5, 2026

Acquisitions California Development Office Western

Newmark Brokers $38.2M Sale of Land Site, Office Building in Westwood, California

by Amy Works March 5, 2026

WESTWOOD, CALIF. — Newmark has arranged the sale of 10918-10926 Le Conte Avenue, a land site with a 9,647-square-foot office building in Westwood. An undisclosed buyer acquired the asset from Le Conte Westwood Development for $38.2 million. Ryan Plummer of Newmark, along with WESTMAC’s Willa McNamara Fields and Jim Burnap, represented the seller. Newmark’s David Kluth and JLL’s Aliya Coher represented the buyer in the off-market transaction. The buyer’s plans for the new development on the site will be released in the upcoming months.

March 5, 2026

Acquisitions Development Mixed-Use New York Northeast

JLL Negotiates $53M Sale of Mixed-Use Development Site in Lower Manhattan

by Taylor Williams March 5, 2026

NEW YORK CITY — JLL has negotiated the $53 million sale of a mixed-use development site in Lower Manhattan’s Financial District. The site at 75–83 Nassau St. offers approximately 275,000 square feet of permitted zoning floor area, including 225,000 square feet of residential space that could yield as many as 265 units. Andrew Scandalios, Ethan Stanton, Jonathan Hageman and Michael Mazzara of JLL represented the seller, New York-based investment firm Lexin Capital, in the transaction. The buyer, a partnership between Fulltime Management and Montgomery Street Partners, plans to develop a residential building with ground-floor retail and second-floor commercial space.

March 5, 2026

Development Multifamily Texas

Fein Begins Leasing 326-Unit Apartment Community in North Houston

by Taylor Williams March 4, 2026

HOUSTON — Locally based developer Fein has begun leasing Echo Lake, a 326-unit apartment community in North Houston. The site spans 21.4 acres within the CityPlace mixed-use development, and the property is named after the 1.2-acre lake and trail system that serves as a focal point of the project. Designed by Steinberg Dickey Collaborative, built by Westchase Construction and financed by Comerica Bank, Echo Lake comprises two- and three-story buildings that house one-, two- and three-bedroom units and Class A amenities. About 40 percent of the units are townhouse-style residences with attached garages. Fein developed Echo Lake in partnership with Open House Group. The first move-ins are now underway, with rents starting at roughly $1,300 per month for a one-bedroom apartment. Construction began last spring.

March 4, 2026

Build-to-Rent Development Single-Family Rental Texas

Wan Bridge Nears Completion of 166-Unit Build-to-Rent Project in Red Oak, Texas

by Taylor Williams March 4, 2026

RED OAK, TEXAS — Wan Bridge, a Texas-based developer of build-to-rent residential communities, is nearing completion of The Reserve at Red Oak, a 166-unit project located south of Dallas. The 18-acre development offers three- and four-bedroom homes that range in size from 1,501 to 1,857 square feet with garages, as well as a playground, dog park and fitness facilities. Leasing is underway, and rents start at roughly $2,100 per month. A grand opening ceremony will take place in the coming days.

March 4, 2026

Residences-at-Appleton-Holyoke-Massachusetts

Development Massachusetts Multifamily Northeast Seniors Housing

WinnCos. Completes $55.3M Affordable Seniors Housing Redevelopment in Holyoke, Massachusetts

by Taylor Williams March 4, 2026

HOLYOKE, MASS. — WinnCos. has completed a $55.3 million seniors housing redevelopment in the western Massachusetts city of Holyoke. Residences at Appleton is an adaptive reuse of a former alpaca mill complex that has been vacant since the 1970s into an affordable housing complex for residents age 55 and older. Of the property’s 88 units, 12 are reserved for seniors earning 30 percent or less of the area median income (AMI); 63 are earmarked for renters earning 60 percent of AMI; and 13 are set aside for those earning 80 percent or less of AMI. The unit mix comprises four studios, 75 one-bedroom residences and nine two-bedroom units. Amenities include a fitness center, resident lounge and an outdoor recreation area. Keith Construction served as the general contractor for the project, which was designed by The Architectural Team. VHB provided civil engineering and permitting services. Local nonprofit OneHolyoke provided gap financing for the project, and Bank of America served as the construction lender and the investor in the project’s state and federal low-income housing tax credits. MassHousing also provided tax-exempt bond financing for the development.

March 4, 2026

Data Centers Development Southeast West Virginia

Penzance to Develop $4B Data Center Campus in Bedington, West Virginia

by John Nelson March 4, 2026

BEDINGTON, W.VA. — Penzance plans to develop a $4 billion data center campus in Bedington, a city in Berkeley County on the east side of West Virginia. The 600-megawatt (MW) hyperscale campus will be situated on 548 acres and will span 1.9 million square feet at full build-out, with the ability to scale further to meet future demand. Penzance made the announcement last week in the West Virginia State Capitol with Gov. Patrick Morrisey and other state and local government staffers. The Berkeley County site marks the first high-impact data center project approved under West Virginia’s House Bill 2014. Penzance plans to begin construction before the end of the year, with delivery of the first megawatts of capacity targeted for the end of 2028. In addition to the Bedington project, Penzance recently broke ground on a 45 MW, 240,000-square-foot data center in Chantilly, Va.

March 4, 2026

Affordable Housing Development Multifamily South Carolina Southeast

Public-Private Partnership Breaks Ground on 157-Unit Workforce Housing Project on Hilton Head Island

by John Nelson March 4, 2026

HILTON HEAD ISLAND, S.C. — A public-private partnership between the Town of Hilton Head Island, OneStreet Residential and RBC Community Investments has broken ground on Northpoint on Jarvis Creek, a 157-unit workforce housing development. CF Evans Construction is the general contractor for the development, which is recognized as Hilton Head Island’s first dedicated workforce housing project. As part of the public-private partnership, the Town of Hilton Head Island is providing a 65-year ground lease, $1 million to support eligible site work with contributions secured from the American Rescue Plan Fund, affordability covenants to maintain a workforce neighborhood in perpetuity, zoning entitlements and long-term programming support. OneStreet’s role involves design, permitting, financing, project management, construction, lease-up, long-term programming and property management. Situated on 11 acres, Northpoint on Jarvis Creek will offer one-, two- and three-bedroom apartments with rental rates attainable for households with incomes ranging from 60 to 150 percent of the area median income (AMI). At least 50 percent of the units will cater to households earning between 60 and 80 percent of the AMI. (Based on Beaufort County’s 2025 AMI, a family of three could earn between $59,520 and $148,800 to qualify to live at the community.) The development …

March 4, 2026

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