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Truette-Apartments-Dover-New-Hampshire
DevelopmentMultifamilyNew HampshireNortheastRestaurant

Partnership Completes Multifamily Project, Public Park in Dover, New Hampshire

by Taylor Williams

DOVER, N.H. — A partnership between Boston-based developer Cathartes and the City of Dover, located near the Maine-New Hampshire border, has completed a multifamily project and public park in the city’s waterfront district., The Truette is a 220-unit apartment complex that features studio, one-, two- and three-bedroom units, as well as 2,200-square-foot townhomes. Amenities include a rooftop terrace, coworking spaces, fitness areas and pet-friendly facilities, as well as an onsite restaurant. The 3.5-acre Nebi Park features art installations and a 2,300-square-foot pavilion and green space for public events

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Affordable HousingDevelopmentIllinoisMidwestMixed-UseMultifamily

Habitat, Cabrera Capital Break Ground on LeClaire Courts Mixed-Use Redevelopment in Chicago

by Kristin Harlow

CHICAGO — Habitat and Cabrera Capital, in partnership with the Chicago Housing Authority (CHA), have broken ground on the first residential phase of the redevelopment of the LeClaire Courts public housing community, which was completed in the 1950s and demolished in 2011. Replacing a 32-acre site in Chicago’s Garfield Ridge community, the multi-phase project will ultimately include up to 700 residential units, approximately 440,000 square feet of commercial space and publicly accessible open space. The first phase includes two six-story buildings comprising 183 apartments offered in a mix of studio, one-, two- and three-bedroom floor plans. Ninety percent of the homes will be designated as affordable through income and rent restrictions supported by public financing for qualifying low- and moderate-income residents, while the remaining units will be offered at market rate. Funding sources for the $119 million first phase include a $27 million capital loan from CHA, $9.5 million in city multifamily program funds, $5.5 million in tax-increment financing, $33.7 million in Low-Income Housing Tax Credit equity, $1.3 million in Illinois Affordable Housing Tax Credit equity and a $1.2 million deferred developer fee. The financing structure brings together the CHA, the city, Bank of America and other mission-driven investment partners. …

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DevelopmentIndustrialNew JerseyNortheast

MORVAY Nears Completion of Two Industrial Projects Totaling 113,000 SF in Central New Jersey

by Taylor Williams

HAMILTON AND ROBBINSVILLE, N.J. — Brooklyn-based development and investment firm MORVAY is nearing completion of two industrial projects totaling 113,000 square feet in Central New Jersey. Purveyor Kuser and Purveyor North Gold are both shallow-bay projects and are located in Hamilton and Robbinsville, respectively, that MORVAY acquired in June 2025 from an institutional owner that had secured approvals before shifting its focus toward larger-scale opportunities. Both projects are expected to be complete before the end of the year.

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DevelopmentFloridaSoutheastStudent Housing

908 Group Breaks Ground on 684-Bed Student Housing Project Near University of Florida

by John Nelson

GAINESVILLE, FLA. — 908 Group has broken ground on Chapter House UF, a 684-bed student housing development located at 920 S.W. Depot Ave. in Gainesville near the University of Florida campus. The project is being developed in partnership with Batson-Cook Development Co. and an undisclosed, Fortune 100 insurance company. The community will offer 219 units alongside 9,000 square feet of shared amenity space. The development team includes ARCO/Murray, Humphreys & Partners Architects and NV5. Pacific Life provided an undisclosed amount of construction financing. Asset Living has been tapped to manage Chapter House UF upon completion, which is scheduled for summer 2028.

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Renaissance-Center-Rendering_Detroit
DevelopmentMichiganMidwestMixed-UseTop Stories

Dan Gilbert Pledges $1B Capital Commitment for Renaissance Center Redevelopment in Detroit

by Hayden Spiess

DETROIT — Dan Gilbert, founder and chairman of mortgage giant Rocket Cos. and real estate company Bedrock, has pledged to commit roughly $1 billion in capital for the redevelopment of Renaissance Center, a landmarked mixed-use property in Detroit. The overall redevelopment cost is currently projected to be $2.2 billion.  As part of the pledge, a new nonprofit organization will be formed to own, redevelop and operate the development and the surrounding Riverfront District. Bedrock will provide project management services on behalf of the nonprofit at no cost.  According to the Detroit Historical Society, construction on Renaissance Center originally began in 1973. The first tower opened in 1976. General Motors purchased the development in 1996 for $73 million to serve as its global headquarters. In 2004, General Motors completed a $500 million renovation of the property. In January, the company completed its move to a new headquarters at Hudson’s Detroit.  In 2024, Bedrock and General Motors established a partnership to explore redevelopment opportunities at Renaissance Center, announcing a conceptual plan for the redevelopment in November of that year.  According to Crain’s Detroit Business, Renaissance Center is currently still owned by General Motors, and Dave Massaron — the company’s vice president of infrastructure and corporate citizenship — says …

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The-Katy-at-Waterloo-Trails-Denison
DevelopmentMultifamilyTexas

Joint Venture Underway on 236-Unit Multifamily Project in Denison, Texas

by Taylor Williams

DENISON, TEXAS — A joint venture between 2GR Equity, Preston Forrest Capital and Cross Development is underway on construction of The Katy at Waterloo Trails, a 236-unit multifamily project in Denison, about 75 miles north of Dallas. The site is located within the Waterloo Trails master-planned development, and the property will offer amenities such as a pool, fitness center, business center, a community kitchen and dog parks. Information on floor plans was not disclosed. Completion is slated for late 2027.

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Affordable HousingDevelopmentMultifamilyNew YorkNortheast

Partnership Completes $636M Rehabilitation of Two Brooklyn Affordable Housing Communities

by Taylor Williams

NEW YORK CITY — A partnership between The New York City Housing Authority, Fairstead, BRP Cos., Urbane and the Local Development Corp. of East New York has completed the $636 million rehabilitation of Reid Apartments and Park Rock, two affordable housing communities in Brooklyn. Located on the east side of the borough, Reid Apartments & Park Rock comprise 1,696 affordable housing units across 87 buildings that are home to roughly 3,000 people. Upgrades covered unit interiors and building exteriors, as well as mechanical and utility systems, security measures and resident services. The project also preserves the communities’ affordability status. Specific renovations included upgraded kitchens and bathrooms, new floors, appliances, fixtures and finishes, as well as modernized heating and ventilation systems, restored building facades, enhanced security infrastructure and elevator upgrades. The project also introduced upgraded lobbies and common areas, new storefronts, new community spaces, free community-wide Wi-Fi, fresh landscaping and improvements to outdoor amenity spaces. Lastly, residents now have access to expanded support services such as case management, healthy food programs, workforce development opportunities, youth programming and senior services.

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former-bridgestone-plant
DevelopmentIndustrialSoutheastTennessee

Hamilton, Clarion Purchase Former Bridgestone Tire Plant in Middle Tennessee, Plan 1.5 MSF Redevelopment

by Abby Cox

LA VERGNE, TENN. — Hamilton Development and Clarion Partners have purchased the former Bridgestone Americas tire plant in La Vergne, a southeast suburb of Nashville, with plans to redevelop the site into a master-planned industrial park. Jeff Feste and Dan McGillicuddy of JLL brokered the transaction. Feste, along with Christopher Gaw, Kelsey Johnson and Carly Seaman of JLL, will lead leasing efforts for the new site. Situated at 1201 Bridgestone Parkway, the 135-acre redevelopment will span 1.5 million square feet across 10 buildings. The site offers multiple opportunities for flexible build-to-suit or speculative space, with the ability to accommodate tenants from 80,000 to 250,000 square feet. The site plan also features a future retail building on the corner of Waldron Road and Bridgestone Parkway.  The first phase of the project, which will begin immediately with demolition work of the existing Bridgestone plant, includes the construction of buildings 1 through 6, collectively totaling more than 760,000 square feet of space. Phase I is set to deliver in the second quarter of 2028. Major employers like FedEx, Amazon, UPS, The Home Depot, Quanta and Coca-Cola are also located nearby.

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DevelopmentKentuckyRetailSoutheast

Midland Atlantic Underway on Grocery-Anchored Retail Property in Hebron, Kentucky

by Abby Cox

HEBRON, KY. — Midland Atlantic Properties is underway on construction of The Shoppes at Hebron Pointe, a 93,875-square-foot retail property located at the corner of Graves Road and Worldwide Boulevard in Hebron, about two miles south of Cincinnati/Northern Kentucky International Airport. Publix will anchor the retail property, adding to the grocer’s 10 current stores in the Bluegrass State. Other tenants at The Shoppes at Hebron Pointe will include Marshalls and Five Below, along with additional national and regional retailers. Further details of the project were not disclosed.

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ELCO-Yards-Redwood-City-CA
CaliforniaDevelopmentMultifamilyWestern

HSR, Barings Break Ground on 501-Unit Multifamily Project in Redwood City, California

by Amy Works

REDWOOD CITY, CALIF. — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co., and joint venture partner Barings have broken ground on a two-building apartment development within the ELCO Yards mixed-use district of Redwood City. Both residential projects are slated for delivery in 2029. The first community, located at 1555 El Camino Real, will feature 252 units with unit sizes averaging 751 square feet, and 5,277 square feet of ground-floor retail space. The second residential building, located at 113 Beech St., will offer 249 units, with floor plans averaging 787 square feet. Both communities will offer studio, one-, two- and three-bedroom layouts, with a portion of all units reserved as affordable housing. Onsite community amenities at both buildings will include rooftop decks and lounges with views of Redwood City and the Santa Cruz Mountains, clubrooms, resort-style pools, spas, covered parking and coworking spaces. Additionally, both communities will offer immediate access to green spaces. WRNS Studio designed both residential buildings, as well the completed commercial phase, while SBI Builders is serving as general contractor. ELCO Yards is a six-block mixed-use redevelopment project creating a transit-oriented neighborhood with 501 apartments, more than 600,000 square feet of office and lab/research space, …

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