Development

Associated Bank Provides $50.1M Construction Loan for Multifamily Project in Flower Mound, Texas

by Taylor Williams August 21, 2026

FLOWER MOUND, TEXAS — Associated Bank has provided a $50.1 million construction loan for Aura Brookview, a 300-unit multifamily project in Flower Mound, located in the northern-central part of the metroplex. The site spans 10 acres within the 240-acre Brookview master-planned community, and the development will consist of four four-story buildings. Floor plans were not disclosed. Residences will be furnished with stainless steel appliances, quartz countertops and in-unit washers and dryers. Amenities will include a pool, fitness center, coworking space, a dog park and outdoor grilling and dining stations. The borrower is Dallas-based Trinsic Residential Group. A tentative completion date was not announced.

August 21, 2026

Development Florida Southeast Student Housing

Portman, 908 Group Deliver 674-Bed Student Housing Community Near Florida State University

by Abby Cox August 21, 2026

TALLAHASSEE, FLA. — Atlanta-based Portman and Tampa-based 908 Group, along with Canyon Partners Real Estate and PTM Partners, have opened The Hall, a 674-bed student housing community near Florida State University (FSU) in Tallahassee. Situated adjacent from Legacy Hall, the new home of the FSU College of Business, The Hall features 191 apartments across two mid-rise buildings. Amenities at the complex include two swimming pools, two fitness centers, property-wide Wi-Fi, 425 parking spaces and 7,689 square feet of ground-floor retail.

August 21, 2026

Development Maryland Mixed-Use Southeast

Club Studio to Co-Anchor $450M Mixed-Use Development in Frederick, Maryland

by Abby Cox August 21, 2026

FREDERICK, MD. — Greenberg Gibbons has signed a lease with Club Studio at Frederick Brickworks, a $450 million, 65-acre mixed-use destination in Frederick, roughly 50 miles northwest of Baltimore. The fitness club will occupy a 30,000-square-foot space and will join a 35,000-square-foot Whole Foods Market as a co-anchor. The development will feature a mix of additional tenants such as honeygrow, First Watch, Shake Shack, Dave’s Hot Chicken and Inspire Nail Bar. The first phase of the project will also include 332 apartments and 320 for-sale townhomes built by Wormald and NVR Inc. Completion of the first phase is scheduled for 2028. According to the City of Frederick, the project proposal calls for 1,260 residential units and 130,000 square feet of commercial space. The planning commission approved the master plan in October 2023, and Greenberg Gibbons closed on the land acquisition in June 2026. The site formerly housed the historic Frederick Brick Works factory, which opened in 1891.

August 21, 2026

Development Illinois Midwest Multifamily

First Move-Ins to Begin Soon at The Bellwether Office-to-Residential Conversion Project in Chicago

by Kristin Harlow August 21, 2026

CHICAGO — First move-ins are expected to begin later this month or early September for The Bellwether, an office-to-residential conversion of the building at 79 W. Monroe in Chicago’s Loop. RMK Management Corp. has been hired to oversee leasing and property management for the 14-story, 117-unit community, which is currently 57 percent leased. Originally built in 1905, the property underwent a major expansion in 1924, serving as office space and a bank headquarters over the years. In 2025, R2 Cos. began redevelopment of the structure. The project marks the first office-to-residential conversion to be completed as part of the city’s LaSalle Street revitalization initiative, which provides private funding and tax-increment financing assistance for mixed-income residential projects and other neighborhood-oriented amenities in the corridor. The Bellwether features studio, one- and two-bedroom units measuring 425 to 1,178 square feet, with rents ranging from $1,996 to $4,887 per month. The property includes 41 Affordable Requirements Ordinance units. Amenities include a variety of remote workspaces on the 14th floor, a bar area, fitness center, two sauna rooms, a game room, dog spa and rooftop deck.

August 21, 2026

Development Illinois Industrial Midwest

LSC Development Completes Self-Storage Adaptive Reuse Project in Lombard, Illinois

by Kristin Harlow August 21, 2026

LOMBARD, ILL. — LSC Development LLC has completed a new self-storage facility at 665 W. North Ave. in the Chicago suburb of Lombard. The project is located at the intersection of North Avenue and I-355 and is six miles southwest of the Chicago O’Hare International Airport. The development is the adaptive reuse of a former Staples office building, which has been transformed into a five-story, fully climate-controlled self-storage facility. The property features 69,375 rentable square feet of self-storage space, 14,960 rentable square feet of parking and a gated vehicle storage area with 64 spaces for RVs, boats and other vehicles. The facility features secure keypad entry and camera surveillance. Groundwork LTD designed the project, while G.A. Johnson & Son served as the general contractor. Byline Bank provided construction financing. Extra Space Storage is managing the facility.

August 21, 2026

Development Multifamily Seniors Housing Texas

Core Spaces Breaks Ground on 2,201-Bed Student Housing Project Near Texas A&M University

by Taylor Williams August 20, 2026

COLLEGE STATION, TEXAS — Core Spaces has broken ground on Hub College Station, a 2,201-bed student housing project near the Texas A&M University campus in College Station’s Northgate District. The project will include two seven-story buildings that will house 570 units in various configurations upon completion, which is planned ahead of the 2028-2029 academic year. Shared amenities are set to include a rooftop pool and hot tub; 14,000-square-foot wellness center with indoor and outdoor training tracks, an indoor half-court basketball court, yoga studios, putt-putt course, golf simulator and dedicated spa; study lounges with private study spaces and collaboration rooms; and indoor and outdoor social spaces. The development team for the project includes Treehouse Construction and Antunovich Associates. Pacific Life provided construction financing.

August 20, 2026

Development Loans Multifamily New York Northeast

Dwight Mortgage Trust Provides $55M Construction Loan for Multifamily Project in Kaser, New York

by Taylor Williams August 20, 2026

KASER, N.Y. — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $55 million construction loan for a 104-unit multifamily project that will be located at 10 Ashel Lane in Kaser, about 40 miles northwest of New York City. The property will feature one-, two-, three-, and four-bedroom units and 45,000 square feet of ground-floor commercial space that will be home to a grocery store and urgent care clinic. Steven Hersko of The SHB Group arranged the loan on behalf of the borrower, Sky Equity Group. A tentative completion date was not announced.

August 20, 2026

Arizona Development Industrial Western

Creation Breaks Ground on 700,000 SF Avondale Tech Center in Arizona

by Amy Works August 20, 2026

AVONDALE, ARIZ. — Local developer Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has broken ground on Avondale Tech Center, a 700,000-square-foot Class A industrial campus on the western outskirts of Phoenix. LGE Design Build is serving as both architect and general contractor for the project, which is slated for completion in third-quarter 2027. Situated on 38 acres on the northwest corner of 117th Avenue Corporate Drive, Avondale Tech Center will feature three buildings ranging in size from 212,184 to 254,264 square feet. The buildings will offer 36-foot clear heights, seven-inch unreinforced slab floors, four EV chargers with eight charging stalls per building and fully gated entry. Riley Gilbert, John Lydon and Kelly Royle of JLL are handling leasing efforts for the development.

August 20, 2026

Alabama Development Hospitality Mixed-Use Southeast

IHG Opens 112-Room Hotel Indigo at $2.2B MidCity District in Huntsville

by John Nelson August 20, 2026

HUNTSVILLE, ALA. — IHG Hotels & Resorts has opened a new 112-room Hotel Indigo within MidCity District, a $2.2 billion mixed-use district in Huntsville by RCP Cos. Located at 940 Nunnuhsae Park Drive NW, the hotel features a lobby restaurant and bar called The Indie, a fitness center and 1,100 square feet of meeting and event space. The property is the only Hotel Indigo in Huntsville and the fourth in Alabama. Other elements of MidCity District include the Orion Amphitheater, Trader Joe’s, REI, Topgolf, Holiday Inn, multiple apartment communities and several chef-driven restaurants.

August 20, 2026

Development Indiana Midwest Multifamily Student Housing

Gilbane, Purdue Fort Wayne Open 600-Bed Student Housing Development in Indiana

by Kristin Harlow August 20, 2026

FORT WAYNE, IND. — Gilbane and Purdue University Ford Wayne (PFW) have opened Trace, a 600-bed student housing complex on PFW’s North Campus made possible through a public-private partnership. PFW is continuing its transition from a commuter campus by offering a more traditional residential community, addressing the need for more student housing, which has been at full capacity for seven consecutive fall semesters. Located near Ginsberg Hall, the four-story, 213,000-square-foot development includes 176 units spanning studio to four-bedroom accommodations. Nearly half of the beds are reserved for university-contracted students while the remaining will be available for other students, including those enrolled at other colleges and universities, who will lease the complex directly. Amenities at the property include a convenience store, fitness center, gaming room, study space, lounges, a reception area, leasing office and multipurpose spaces. Outdoor amenities include a hammock farm, sand volleyball court, basketball court, grilling areas, fire pits and green space. Gilbane served as developer and construction manager, AVB was the design-builder and Progressive AE was the architect. The complex will be owned by Strategic Facility Partners and operated by Inwood Management.

August 20, 2026

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