Development

BridgeInvest Provides $57M Construction Loan for Frisco Multifamily Project

by Taylor Williams March 12, 2026

FRISCO, TEXAS — Miami-based lender BridgeInvest has provided a $57 million construction loan for Freemont Frisco Apartments, a 313-unit multifamily project that will be located on the northern outskirts of Dallas. Freemont Frisco will offer studio, one-, two- and three-bedroom units and will include an affordable housing component. Amenities will include a pool, clubhouse, fitness center and multiple courtyards. The sponsor is a partnership between Stryker Properties and Griffon Capital Management, and 25 Capital Partners is also a preferred equity investor in Frisco Freemont. BBL Building Co. is the general contractor for the project, construction of which is scheduled to be complete in mid-2028.

March 12, 2026

Development Multifamily Student Housing Utah Western

CRG, Cole West Break Ground on 693-Bed Student Housing Property Near the University of Utah

by Amy Works March 12, 2026

SALT LAKE CITY — CRG and Utah-based Cole West have broken ground on Chapter Salt Lake City, a six-story student housing community at 410 S. 900 East in Salt Lake City. LJC, an integrated architecture and engineering firm of CRG, designed the community. Situated near the University of Utah, Chapter Salt Lake City will feature 251 studio, one-, two- and four-bedroom fully furnished units, totaling 693 beds. Shared amenities will include a fitness center with Pilates studio, a sauna, ski simulator, library and study spaces, a soda shop, rooftop lounge and rooftop pool and hot tub. Construction is underway, with delivery slated for summer 2028.

March 12, 2026

Development Illinois Midwest Multifamily Seniors Housing

Skender Breaks Ground on 70-Unit Independent Living Community in Arlington Heights, Illinois

by Kristin Harlow March 12, 2026

ARLINGTON HEIGHTS, ILL. — Skender has broken ground on The Moorings of Arlington Heights, a senior living community operated by Presbyterian Living in metro Chicago. The 172,000-square-foot project will include 70 independent living apartments as part of a larger campus expansion and repositioning at 811 E. Central Road. Designed by Perkins Eastman, the residences will range from 1,050 to 1,900 square feet. The five-story building will include a social and wellness space. Additional amenities will include walking paths, a pond expansion, sitting area and outdoor space. Completion is slated for fall 2027.

March 12, 2026

Arkansas Development Southeast Student Housing

Endeavor Breaks Ground on 1,009-Bed Student Housing Development Near University of Arkansas

by John Nelson March 12, 2026

FAYETTEVILLE, ARK. — Endeavor Real Estate Group has begun construction on Juniper, a 1,009-bed student housing development located at 77 S. Duncan Ave. near the University of Arkansas campus in Fayetteville. The community will offer 294 units upon completion, which is scheduled for summer 2028. Shared amenities are set to include hospitality-themed gathering spaces; a rooftop pool and sky lounge; sauna and cold plunge; cabanas and grilling areas; a Jumbotron; fitness enter; yoga and Pilates studio; spin room; golf simulator; private courtyards; secured garage parking and bicycle storage; and 3,000 square feet of ground floor retail space. The project team for Juniper includes Endeavor Opportunity Partners III, Marble Capital, Kennedy Wilson, JLL, FaverGray, Modus Studios and Ecological Design Group.

March 12, 2026

Development Multifamily Northeast Pennsylvania

Joint Venture to Develop $67M Multifamily Project in Lehigh Valley

by Taylor Williams March 12, 2026

PALMER TOWNSHIP, PA. — A joint venture between Greystone Capital, Black Bear Asset Management and The Crest Group will develop a $67 million multifamily project in Palmer Township, located outside of Allentown in the Lehigh Valley region. The site spans 16 acres at 1493 Van Buren Road, and the development will comprise 216 units across six residential buildings and a standalone clubhouse building. The unit mix will consist of 90 one-bedroom and 126 two-bedroom apartments that will be furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities will include a fitness center, resident lounge, pickleball court and outdoor grilling areas. A construction timeline was not announced.

March 12, 2026

Development Mixed-Use Multifamily Office Retail Southeast Virginia

LEG, JM Zell Plan to Convert Former TSA Headquarters in Metro D.C. to Apartment Property

by John Nelson March 12, 2026

ARLINGTON, VA. — Lincoln Equities Group (LEG) and JM Zell Partners have submitted an application to convert the former headquarters of the Transportation Security Administration (TSA) in Arlington’s Pentagon City neighborhood into apartments. The project would reposition the two vacant office buildings, which the TSA vacated in 2020, into a property with 637 apartments and 31,000 square feet of retail space. In addition to converting 571,564 square feet of obsolete office space, plans for the 4.9-acre site include developing 116,244 square feet of new residential floor area, two new retail areas and a half-acre public plaza that connects to the Metro, as well as maintaining the 900-space underground parking garage that serves both buildings. LEG and JM Zell’s plans were submitted to Arlington County earlier this month and are pending review and approval. The design-build team includes Arquitectonica (architect) and Oculus (landscape architect). The co-developers have selected Wire Gill LLP as their land use attorney.

March 12, 2026

Development Industrial Southeast Tennessee

Lincoln, Principal Purchase Land Near Nashville Airport, Plan 167,133 SF Industrial Project

by John Nelson March 11, 2026

NASHVILLE, TENN. — Lincoln Property Co. and Principal Asset Management have purchased a 13.5-acre site at 41 Rachel Road in Nashville. The buyers plan to develop Skybridge 40, a two-building, 167,133-square-foot industrial project at the site, which is located directly across I-40 from Nashville International Airport. Demolition at the site recently concluded and sitework is underway. The co-developers plan to deliver Skybridge 40 by the end of the year or early 2027. The design-build team includes Catamount Constructors (general contractor), Alliance Architects (architect) and Kimley-Horn (civil engineer). Lincoln and Principal have selected John Ward and Abigal Rieck of Cushman & Wakefield to lease the industrial project, which will comprise a 100,597-square-foot building and a 66,536-square-foot building.

March 11, 2026

Development Georgia Restaurant Retail Southeast

Third & Urban Unveils Renovation Plans for Atkins Park Retail Cluster in Atlanta

by John Nelson March 11, 2026

ATLANTA — Locally based Third & Urban has unveiled renovation plans for the Atkins Park Collection, a 61,120-square-foot retail portfolio located in Atlanta’s Virginia-Highland neighborhood. Third & Urban purchased the first phase of the Atkins Park Collection in December 2024, which totals 35,370 square feet along North Highland and St. Charles avenues. The firm acquired the second phase, which includes Neighbors, City Church and infill pieces of the block between Greenwood and St. Charles avenues, in September 2025. In partnership with the Virginia Highland District, Third & Urban is planning more than $3 million in building and streetscape improvements for the retail shops. The firm recently completed improvements to the 842 North Highland building, which included new signage, railings and upgraded light fixtures, as well as a new front stair entry and mural. Future building upgrades for 780 North Highland will include updated facades, the addition of an indoor-outdoor courtyard with several retail suites and new food-and-beverage tenants. Construction will begin in late spring. Shelbi Bodner and Lexi Ritter of Bridger Properties will handle retail leasing for the property.

March 11, 2026

Acquisitions Build-to-Rent Development Single-Family Rental South Carolina Southeast

CAPREIT Acquires 157-Unit Build-to-Rent Development Underway in Woodruff, South Carolina

by John Nelson March 11, 2026

WOODRFUFF, S.C. — CAPREIT has acquired Hart Townes, a 157-unit build-to-rent residential community located at 339 Hart Townes Way in Woodruff, about 21 miles southeast of Greenville, S.C. The seller and sales price were not disclosed. Construction began last year and is scheduled to wrap up before the end of the year. First move-ins to the community are currently underway. Homes at Hart Townes span in size from 1,570 to 1,693 square feet and include wood floors, stainless steel kitchen appliances, granite countertops, attached garages, 2.5 bedrooms and private patios. Common area amenities include a swimming pool and cabana, as well as onsite property management and maintenance.

March 11, 2026

Affordable Housing California Development Multifamily Western

USA Properties Fund Completes 147-Unit Affordable Housing Development in La Mesa, California

by Amy Works March 11, 2026

LA MESA, CALIF. — USA Properties Fund has completed 8181 Allison, an affordable multifamily community in La Mesa’s Downtown Village. Located at 8181 Allison Ave., the five-story development offers 147 one- and two-bedroom units with energy-efficient appliances, ceiling fans, wood-plank flooring and either a balcony or patio. The apartments are designated for households earning 30 percent to 70 percent of the area median income for San Diego County. Community amenities include a community room with a kitchen, fitness center, courtyard with barbecues, a rooftop deck, hot tub, onsite laundry and a dog wash. Additional amenities include a 108-space parking garage with two electric vehicle charging stations, as well as a range of social services for residents, including budget and financial planning to health-related talks from LifeSTEPS. The community was approved for the California Housing Finance Agency (CalHFA)’s Mixed-Income Program. A public-private partnership with the City of La Mesa, CalHFA, WNC Inc. and KeyBank financed the $71.4 million development.

March 11, 2026

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