Development

Raven Capital Completes 33-Story Multifamily High-Rise in Houston’s Museum District

by Taylor Williams July 10, 2026

HOUSTON — Developer Raven Capital has completed FORME, a 33-story multifamily high-rise located at 5501 La Branch St. in Houston’s Museum District. Designed by LJC Design & Engineering and operated by Sentral, FORME features 475 units, including 55 boutique hotel suites. Residences range from 500-square-foot studios to 1,400-square-foot three-bedroom apartments, all of which are equipped with walk-in closets and smart-home technology. The property also features a pool and hot tub, 20,000 square feet of fitness and recovery areas and 20,000 square feet of coworking space with reservable offices and quiet zones. The 12th floor is occupied by The Branch on La Branch, a cocktail lounge and raw bar. Rents start at $1,750 per month for a studio apartment.

July 10, 2026

Affordable Housing Development Multifamily New York Northeast

Partnership Receives $217M in Construction Financing for Brooklyn Affordable Housing Project

by Taylor Williams July 10, 2026

NEW YORK CITY — A partnership between Apex Building Group and L+M Development Partners has received $217 million in construction financing for a new affordable housing project in Brooklyn. The project represents Phase III of a larger, 27-acre project known as Alafia, which is a redevelopment of the former site of the Brooklyn Developmental Center. Phase III will comprise 273 units that will be reserved for households earning 70 percent or less of the area median income. Phase III will also involve construction of a one-acre public park with a fitness loop, children’s play area and residential courtyards. Redstone Bank provided a construction loan as part of the financing package, which also includes federal and state tax credit equity, among other subsidies. Phase III construction is expected to be complete in 2029.

July 10, 2026

Development Florida Loans Multifamily Southeast

JLL Arranges $111M Construction Loan for Multifamily Development in Miami’s Edgewater District

by Abby Cox July 10, 2026

MIAMI — JLL Capital Markets has arranged a $111 million construction loan for the development of Sense22, a 328-unit multifamily project located in Miami’s Edgewater neighborhood. Max La Cava and Pier Barinci of JLL secured the three-year loan through S3 Capital on behalf of the borrower, HA Emprendimientos, a real estate development and construction company based in Buenos Aires, Argentina. JLL also previously secured the land and predevelopment loan for the property in 2025. The project is slated for completion in 2028. Sense22 will comprise 36 stories and will offer a mix of studios, one- and two-bedroom apartments. Amenities will include a resort-style swimming pool deck, a furnished rooftop terrace with outdoor grilling areas, spa, a fitness center and coworking spaces, along with 372 parking spaces.

July 10, 2026

Acquisitions Development Georgia Retail Southeast

Madison Commercial Completes Sale of Chick-fil-A Site Near Oglethorpe Mall in Savannah

by Abby Cox July 10, 2026

SAVANNAH, GA. — Madison Commercial, an affiliate of Madison Capital Group, has completed the sale of a Chick-fil-A outparcel at its mixed-use redevelopment of the former Sears and Sears Auto Center site at Oglethorpe Mall in Savannah. The transaction marks the final piece of the company’s retail component at the mixed-use development. Along with Chick-fil-A, Madison Commercial has leased and sold all three retail outparcels at the property, including Jim ‘N Nick’s Bar-B-Q and Valvoline Instant Oil Change. The outparcels are situated adjacent to Oglethorpe Mall and Madison Oaks, a new multifamily community developed by Madison Communities on the site of the former Sears anchor store. Madison Oaks opened early this year. Madison Commercial and Savannah-based engineering firm Thomas & Hutton collaborated throughout the planning, engineering and entitlement process to deliver the final retail component. Oglethorpe Mall features several restaurants, a food court and more than 120 stores. Tenants include American Eagle Outfitters, Barnes & Noble, Bath & Body Works, Belk, Claire’s, Cold Stone Creamery, Crunch Fitness, DSW Shoes, Foot Locker, Great American Cookies, H&M, JCPenney, Macy’s and Savannah Sweets, among others.

July 10, 2026

1138-S-Valley-Grove-Way-Pleasant-Grove-UT

Development Hospitality Utah Western

Ball Ventures, B&T Hospitality Open 143-Room Dual-Branded Hotel in Pleasant Grove, Utah

by Amy Works July 10, 2026

PLEASANT GROVE, UTAH — Ball Ventures and B&T Hospitality have opened a 143-room dual-branded hotel in Pleasant Grove, located north of Provo. The hotel, which carries the Tru by Hilton and Home2 Suites by Hilton brands, is located at 1138 S. Valley Grove Way within the 128-acre Valley Grove mixed-use business community that is being developed by Baltimore-based St. John Properties Inc. The Tru by Hilton features 68 guestrooms, and the Home2 Suites offers 75 suites. Shared amenities include a heated outdoor pool and hot tub, 24-hour fitness center and outdoor fire pits. Both hotels offer daily complimentary breakfast, free parking, business center and meeting rooms.

July 10, 2026

Development Kansas Midwest Retail

Movement Musick Unveils Plans for Downtown Grocery Store, Expanded Community Space in Wichita

by Kristin Harlow July 10, 2026

WICHITA, KAN. — Movement Musick has unveiled additional plans regarding its downtown Wichita development, including a new grocery store, expanded community gathering space and the project team. The planned 30,000-square-foot urban market concept is being developed in partnership with the Queen family, one of the founding owners of the Price Chopper brand. In addition to leading the capital investment for construction, Movement Musick has structured the partnership to support the store’s operations through its initial growth period. Movement Musick is evaluating a few locations for the store within a two-block radius of the adaptive reuse of the historic Shirkmere building and the new 3,000-seat music venue. The organization also announced the expansion of the planned community open space within the redevelopment project. The space is approximately 1 acre and is located both east and west of Emporia Avenue. In May, the nonprofit acquired the 75,903-square-foot Scottish Rite building, which was constructed between 1887 and 1888. Movement Musick is currently evaluating adaptive reuse strategies that allow for modern use while honoring the building’s historic character. Formal plans will be announced at a future date. The assembled project team includes Esen Development, TESSERE, Crossland Construction Co., Rockwell Group, Sasaki, HASTINGS Architecture, Fisher …

July 10, 2026

Development Multifamily New Jersey Northeast Top Stories

Rockpoint, Urby to Develop 69-Story Apartment Tower Along Hudson River in Jersey City

by Abby Cox July 10, 2026

JERSEY CITY, N.J. — Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, have formed a joint venture to develop a multifamily residential tower located along the Hudson River in Jersey City. The 69-story building, which will be known as 201 Hudson – by Urby, is expected to be delivered around mid-2029, according to various media outlets. 201 Hudson is the second phase of a larger three-tower multifamily development. The project follows Jersey City Urby, a 762-unit apartment tower delivered in 2017. The property was rebranded as Sable in 2025 after Veris Residential acquired full ownership of the building. Earlier this year, ownership transferred again to Affinius Capital following its acquisition of Veris. Urby will co-manage construction and development of 201 Hudson and will also oversee property management and leasing alongside Rockhill, Rockpoint’s property services affiliate. The project team will include New York-based architects HLW; Concrete Amsterdam; interior designer Shawn Hausman; and landscape architect Bas Smets, whose practice is responsible for the reimagined grounds of Notre-Dame Cathedral in Paris and the Mandrake Hotel in London. “The Jersey City Waterfront continues to distinguish itself as one of the most compelling multifamily submarkets in the New York …

July 10, 2026

Development Multifamily New York Northeast

Charney, Tavros Begin Leasing 260-Unit Apartment Building in Brooklyn

by Taylor Williams July 9, 2026

NEW YORK CITY — A partnership between two locally based firms, Charney Cos. and Tavros, has begun leasing Douglass Port, a 260-unit apartment building in Brooklyn. The 15-story building is located at 251 Douglass St. within the partnership’s Gowanus Wharf development and includes 65 units that are earmarked as permanent affordable housing. Douglass Port offers studio, one-, two- and three-bedroom units and amenities such as a smart package room, fitness center, full-court basketball court, coworking and resident lounges, a family room, kid’s play area and a landscaped rooftop terrace. Rents start at $3,250 per month for a studio apartment.

July 9, 2026

Development District of Columbia Multifamily Southeast

NMHC Survey: Builders, Developers Optimistic About Long-Term Multifamily Construction Activity

by John Nelson July 9, 2026

WASHINGTON, D.C. — Multifamily developers and construction firms surveyed by the NMHC are optimistic about long-term multifamily construction conditions. According to results of the June 2026 NMHC Quarterly Survey of Apartment Construction & Development Activity, 46 percent of respondents expect conditions to improve (or easier to build) over the next six to 12 months compared to 14 percent of survey takers who expect conditions to worsen. The rest of the respondents either chose conditions to remain the same (35 percent) or “don’t know” (5 percent). The optimism from the second-quarter survey could be in part due to the availability of financing. Fifty-one percent of survey takers expect equity to become more available (compared to 10 percent expecting equity to become less available) over the next six to 12 months, and 28 percent expecting debt financing to become more available (compared to 7 percent expecting debt financing to become less available). While the survey takers were overall hopeful, they are wary of rising construction costs. A majority of respondents (51 percent) expect material costs to rise in line with inflation over the next six to 12 months, while 27 percent expect material costs to increase faster than the rate of inflation. …

July 9, 2026

Arizona Development Industrial Western

Provident Industrial Breaks Ground on 163,000 SF Distribution Facility in Tucson, Arizona

by Amy Works July 9, 2026

TUCSON, ARIZ. — Dallas-based Provident Industrial has broken ground on a 163,000-square-foot distribution facility in Tucson. The development, which will be named Valencia Airport Center, will be situated on 10 acres and is projected to cost $25 million. Valencia Airport Center will feature trailer parking, concrete truck courts and perimeter fencing with controlled access for enhanced security and operations. Occupancy is slated for the second quarter of 2027.

July 9, 2026

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