Development

OHT Partners Breaks Ground on 396-Unit Multifamily Project in West Houston

by Taylor Williams April 15, 2026

HOUSTON — Austin-based developer OHT Partners has broken ground on a 396-unit multifamily project in West Houston. The site spans 13.1 acres at 19615 Park Row Blvd., and the development, which has yet to be named, will offer one- and two-bedroom units that will range in size from 702 to 1,256 square feet. Residences will be furnished with quartz countertops, brass hardware and various pieces of smart-home technology. Select units will have private yards. Amenities will include two pools, a coworking area, fitness center, clubroom with a kitchen, package lockers, an artificial turf game lawn, dog park, pickleball court and outdoor grilling and dining stations. Meeks + Partners is the project architect, and OHT Partners’ in-house general contracting team is handling construction. Completion is slated for late 2027.

April 15, 2026

Development Hospitality Multifamily Texas

Hunt Capital, City of Brownsville Complete Affordable Housing Adaptive Reuse Project

by Taylor Williams April 15, 2026

BROWNSVILLE, TEXAS — A partnership between Hunt Capital Partners and the Housing Authority of the City of Brownsville, located in South Texas, has completed an affordable housing adaptive reuse project. The project converted the historic eight-story El Jardin Hotel, which first opened in 1927 and has been vacant for the past 40 years, into a 44-unit complex with one-, two- and three-bedroom units. Information on income restrictions was not disclosed. The Federal Home Loan Bank of Dallas provided a $1.1 million Affordable Housing Program grant to help finance the project.

April 15, 2026

Development Industrial Massachusetts Northeast

National Development Receives Approval for 950,000 SF Industrial Conversion Project in Hudson, Massachusetts

by Taylor Williams April 15, 2026

HUDSON, MASS. — Local owner-operator National Development has received approval from the Town of Hudson, located west of Boston, for a 950,000-square-foot industrial conversion project. The 148-acre site at 75 Reed Road, which is located less than two miles from I-495 with direct access to the I-290 interchange, formerly housed the campus of chipmaker Intel. National Development acquired the property, which can support advanced manufacturing as well as warehouse and logistics uses, in late 2023. Construction is expected to commence upon National Development’s securing of an occupant.

April 15, 2026

Development Georgia Multifamily Southeast

Vida Begins Construction on 280-Unit Verona Apartments in Fairburn, Georgia

by John Nelson April 15, 2026

FAIRBURN, GA. — Vida Cos. has begun construction on Verona, a 280-unit apartment community located at the corner of Landrum and Senoia roads in Fairburn, about 20 miles southwest of Atlanta. The garden-style property will offer one-, two- and three-bedroom apartments, all with private balconies. Amenities will include a courtyard with a saltwater swimming pool and grilling stations, a fitness center, clubhouse, coworking lounge and a dog park. The property will also feature a 1,500-square-foot coffee shop open to the public and 5,500 square feet of ground-level retail space. Vida plans to deliver Verona in fall 2027. The developer also recently closed on construction financing from Parse Capital and a 10-year tax incentive from Develop Fulton, an economic development authority for Fulton County. The design-build team includes Buckhaven Construction Services (general contractor), Dwell Design Studio (architect), Crosby Design Group (interior designer), Gaskins + LeCraw (civil engineer) and B+C Studio (landscape architect).

April 15, 2026

Affordable Housing Development District of Columbia Multifamily Southeast

NRP Group, MHCDO Break Ground on 109-Unit Mixed-Income Community in D.C.

by John Nelson April 15, 2026

WASHINGTON, D.C. — The NRP Group and housing nonprofit Marshall Heights Community Development Organization (MHCDO) have broken ground on The Waymark, a 109-unit mixed-income housing community located at 4435 Benning Road NE in Washington, D.C. Situated in the city’s Ward 7 near the Benning Road Metro station, the nine-story property will feature studio, one-, two- and three-bedroom units reserved for families and individuals earning up to 30, 50 and 80 percent of the area median income (AMI), with 22 units reserved as permanent housing for individuals at risk of homelessness. Future residents will be one Metro stop away from RFK Stadium, the future home of the Washington Commanders NFL team. Amenities at The Waymark will feature a multi-use space on the first floor, a fitness center and onsite resident programs, including financial literacy workshops and job readiness training. Financial partners include DC Department of Housing and Community Development (DHCD), which provided debt; the DC Housing Finance Agency (DCHFA), serving as the bond issuer; and DC Green Bank, supporting sustainable development initiatives. Private sector partners include KeyBank Real Estate Capital as the lender and U.S. Bank as the tax credit investor. NRP Group and MHCDO plan to deliver the community by the …

April 15, 2026

Acquisitions Development Retail Southeast Virginia

Investment Group Acquires Former Dine-In Movie Theater in Virginia Beach, Plans Indoor Padel Venue

by John Nelson April 15, 2026

VIRGINIA BEACH, VA. — An entity doing business as BIVI/Padel has acquired the former Beach Cinema Alehouse, a dine-in movie theater located at 941 Laskin Road in Virginia Beach, for $6.3 million. The buyers — a partnership between Jason Vickers-Smith and Ahmad Butt — plan to transform the property into an indoor padel facility, dubbed the Padel Foundry. The venue is targeted to open in early 2027. Gerald Divaris and Sezin Cortinas of Divaris Real Estate represented the seller, while Levi Thomson, also with Divaris Real Estate, represented the buyer.

April 15, 2026

Development Multifamily New Jersey Northeast

Garden Communities Completes Phase II of 520-Unit Apartment Community in Central New Jersey

by Taylor Williams April 15, 2026

EAST BRUNSWICK, N.J. — Locally based owner-operator Garden Communities has completed Phase II of Legacy Place, a 520-unit apartment community in East Brunswick, located roughly midway between Newark and Trenton. The site spans 25 acres, and the property offers studio, one-, two- and three-bedroom units, as well as townhome residences. Amenities include a pool, fitness center, entertainment lounge, outdoor grilling and dining stations, coworking space, a children’s playroom, bowling alleys and catering kitchens, as well as 18,000 square feet of retail space. Monthly rents start at $2,090 for a studio apartment. Phase I of Legacy Place was completed in spring 2024.

April 15, 2026

California Development Multifamily Student Housing Western

Mosaic Investment Partners Completes $56M Student Housing Project Near University of Southern California

by Amy Works April 15, 2026

LOS ANGELES — Mosaic Investment Partners has completed Tessera, a $56 million student housing development located at 1069 West Exposition Blvd. near the University of Southern California campus in Los Angeles. The seven-story community offers 250 beds across 53 fully furnished units in studio through four-bedroom configurations. Shared amenities include a 6,000-square-foot rooftop sky deck with a resort-style pool, open-air dining areas, lounge space, fire pits and a dedicated pet park; and a second-floor amenity deck with barbecue areas, outdoor lounges and an indoor-outdoor fitness center. The property also offers study spaces on various floors. The development team for the project included SVA Architects, Sorensen Architects, Oakwood Development Group and Alpha Construction. JLL Capital Markets secured joint venture equity and mezzanine financing from HC2 Capital for the development, alongside a senior construction loan from Calmwater Capital.

April 15, 2026

Development Industrial Nevada Western

LaPour Breaks Ground on 146,000 SF Black Mountain Commerce Center in Henderson, Nevada

by Amy Works April 15, 2026

HENDERSON, NEV. — LaPour has broken ground on Black Mountain Commerce Center, a Class A industrial condominium project in Henderson. Located at 835 W. Warm Springs Road, the 146,000-square-foot facility will offer for-sale units ranging from 21,125 square feet to full-building opportunities. Black Mountain Commerce Center will features a clear height of 28 feet, dock-high and grade-level loading, ESFR fire sprinkler systems, R-38 insulation, HVAC-ready warehouse with LED lighting and 4,000 amp, 277/480-volt, 3-phase power. The development will include 166 parking spaces, 16 EV-capable stalls and outdoor tenant amenity areas with access to nearby hiking and biking trails. Sean Zaher and Tyce O’Neill of CBRE are handling leasing and marketing for the project.

April 15, 2026

Data Centers Development Industrial Midwest Missouri

Metrobloks, Lincoln to Develop 568,000 SF Data Center Campus in Metro Kansas City

by Kristin Harlow April 15, 2026

LIBERTY, MO. — Metrobloks, a developer of AI-ready, low-latency data center infrastructure in major metropolitan markets, has formed a joint venture with Lincoln Property Co., a full-service real estate firm with an established data center platform. The partnership will focus on the co-development of a high-performance data center campus in Liberty within metro Kansas City. The newly acquired site totals 30 acres and is already zoned and powered for data center use. It sits within 10 miles of the GPC Missouri Internet Exchange Point. Plans call for a multi-phase, 568,000-square-foot campus designed to support hyperscale, AI and enterprise data center workloads, with flexibility to scale over time beyond the initial 150MW total utility power.

April 15, 2026

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