SUPERIOR, COLO. — Pennrose has broken ground on Kite Route Crossing, a 50-unit affordable multifamily property for residents age 55 and older in downtown Superior. Slated to open in summer 2027, the asset will be the first income- and rent-restricted residential community in the town. Kite Route Crossing will offer 44 one-bedroom and six two-bedroom units available at 30 percent to 70 percent of the area median income. Apartments will include modern kitchens with hard-surface counters, Energy Star appliances, luxury vinyl flooring, bedrooms with walk-in closets, storage closets and Juliet balconies in select units. Community amenities will include covered parking and ground-floor amenity space, including onsite property management and maintenance, a community room, an open-concept lobby, activity room, indoor bike storage, pet washing station, package room and a fitness center. The $26.3 million development is financed by federal and state housing tax credits allocated by the Colorado Housing and Finance Authority and purchased by Hudson Housing Capital and JP Morgan Chase. JP Morgan Chase provided a senior construction loan and Berkadia provided a permanent loan. The Colorado State Division of Housing, Department of Local Affairs, Boulder County, the Town of Superior and the Community Foundation of Boulder County all provided financial …
WOODBURN, ORE. — Gantry has secured a $12 million construction-to-permanent loan for the development of an assisted living facility in Woodburn. Charlie Kokernak and Tim Brown of Gantry arranged the 10-year, fixed-rate loan for the borrower, an affiliate of Benicia Senior Living. An Oregon-based credit union provided the loan, which includes interest-only payments for the first three years followed by a 25-year amortization. Located at 1000 Country Club Road NE, the community will feature 46 units, totaling 51 beds. The property is adjacent to Heartwood Place Memory Care, which is also owned and managed by Benecia Senior Living.
DENTON, TEXAS — Texas Woman’s University (TWU) has opened the $107 million health sciences center at its campus in the North Texas city of Denton. The 136,000-square-foot facility serves students in the allied healthcare fields, such as nursing, physical therapy and occupational therapy. The new health sciences center was constructed on seven acres adjacent to Parliament Village, a TWU residential complex. The facility houses laboratory space, classrooms, collaborative workspaces, outdoor clinic sites and a teaching kitchen, as well as community healthcare clinics and training areas for students. Construction began in fall 2023 and topped out in August 2024.
FLORIDA, N.Y. — Amazon has purchased a 143-acre industrial development site in Florida, located about 65 miles northwest of New York City near the New York-New Jersey border. The fully entitled site is located along State Highway 5 and has all major utilities already in place. Amazon did not announce specific development plans for the site, but the facility will be known as Mohawk Valley Industrial Center. Jim Panczykowski of JLL led a team that marketed the site on behalf of the seller, regional investment and development firm Winstanley Enterprises.
NEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged $76 million in construction-to-permanent financing for an office-to-residential conversion project in Lower Manhattan. The project will redevelop the historic, 21-story office building at 2 Wall St. into a 211-unit apartment complex. Jack Phillips of Largo Capital structured the debt. The direct lender was not disclosed. The borrower was also not disclosed, but the building is listed on the website of local landlord George Comfort & Sons.
CHARLOTTE, N.C. — Riverside Investment & Development and Woodfield Development have opened Vivian at Queensbridge Collective, a 42-story apartment tower in Charlotte. Goettsch Partners served as the architect for the project. Situated within the larger Queensbridge Collective mixed-use development, the 409-unit apartment tower offers studio, one-, two- and three-bedroom floorplans ranging in size from 558 to 2,180 square feet. Amenities at the complex are distributed across multiple levels of the building, including a ninth-floor fitness center with indoor/outdoor elements, a 10th floor resident lounge featuring bowling and virtual golf and a 42nd-floor rooftop pool deck with grilling stations and skyline views. Riverside and Woodfield began leasing Vivian in late 2025 and welcomed its first residents this month. Monthly rental rates range from $1,792 to $16,744, according to Apartments.com. This fall, Guard and Grace, the Michelin-recommended steakhouse led by chef Troy Guard, is scheduled to open on the 10th floor of Vivian. The 10,224-square-foot restaurant will include a 2,000-square-foot outdoor terrace, private dining areas and direct connections to both the public and residential components of the development. Additionally, the apartment building will be joined by a 43-story mixed-use office and residential tower under construction at 1111 S. Tyron St. that will comprise 20,000 square …
NILES, ILL. — PREMIER has broken ground on a manufacturing facility for Linx Global in Niles. The 82,125-square-foot building features an additional 18,000-square-foot production mezzanine. Linx is a global product development and contract manufacturing company. The new facility will grow Linx’s R&D operations and deepen its footprint in medical, advanced packaging and electromechanical assembly space. The project will house a range of specialized manufacturing and research spaces, including a wet lab, quality control lab, 3D print room and dedicated support areas. The office areas will include conference rooms, private offices, breakout rooms and open workspaces. Employees will have access to a café and green roof deck with a walking path, outdoor kitchen and gas fire pit. The project team includes Heitman Architects, Spaceco Inc., MK Industries Inc., Swift Structural Design and Connelly Electric. Substantial completion is slated for the first quarter of 2027.
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.
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.
Atlantic Cos. Secures Construction Financing, Breaks Ground on Mixed-Use Project in Roswell, Georgia
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.
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