RED OAK, TEXAS — Wan Bridge, a Texas-based developer of build-to-rent residential communities, is nearing completion of The Reserve at Red Oak, a 166-unit project located south of Dallas. The 18-acre development offers three- and four-bedroom homes that range in size from 1,501 to 1,857 square feet with garages, as well as a playground, dog park and fitness facilities. Leasing is underway, and rents start at roughly $2,100 per month. A grand opening ceremony will take place in the coming days.
HOLYOKE, MASS. — WinnCos. has completed a $55.3 million seniors housing redevelopment in the western Massachusetts city of Holyoke. Residences at Appleton is an adaptive reuse of a former alpaca mill complex that has been vacant since the 1970s into an affordable housing complex for residents age 55 and older. Of the property’s 88 units, 12 are reserved for seniors earning 30 percent or less of the area median income (AMI); 63 are earmarked for renters earning 60 percent of AMI; and 13 are set aside for those earning 80 percent or less of AMI. The unit mix comprises four studios, 75 one-bedroom residences and nine two-bedroom units. Amenities include a fitness center, resident lounge and an outdoor recreation area. Keith Construction served as the general contractor for the project, which was designed by The Architectural Team. VHB provided civil engineering and permitting services. Local nonprofit OneHolyoke provided gap financing for the project, and Bank of America served as the construction lender and the investor in the project’s state and federal low-income housing tax credits. MassHousing also provided tax-exempt bond financing for the development.
BEDINGTON, W.VA. — Penzance plans to develop a $4 billion data center campus in Bedington, a city in Berkeley County on the east side of West Virginia. The 600-megawatt (MW) hyperscale campus will be situated on 548 acres and will span 1.9 million square feet at full build-out, with the ability to scale further to meet future demand. Penzance made the announcement last week in the West Virginia State Capitol with Gov. Patrick Morrisey and other state and local government staffers. The Berkeley County site marks the first high-impact data center project approved under West Virginia’s House Bill 2014. Penzance plans to begin construction before the end of the year, with delivery of the first megawatts of capacity targeted for the end of 2028. In addition to the Bedington project, Penzance recently broke ground on a 45 MW, 240,000-square-foot data center in Chantilly, Va.
Public-Private Partnership Breaks Ground on 157-Unit Workforce Housing Project on Hilton Head Island
HILTON HEAD ISLAND, S.C. — A public-private partnership between the Town of Hilton Head Island, OneStreet Residential and RBC Community Investments has broken ground on Northpoint on Jarvis Creek, a 157-unit workforce housing development. CF Evans Construction is the general contractor for the development, which is recognized as Hilton Head Island’s first dedicated workforce housing project. As part of the public-private partnership, the Town of Hilton Head Island is providing a 65-year ground lease, $1 million to support eligible site work with contributions secured from the American Rescue Plan Fund, affordability covenants to maintain a workforce neighborhood in perpetuity, zoning entitlements and long-term programming support. OneStreet’s role involves design, permitting, financing, project management, construction, lease-up, long-term programming and property management. Situated on 11 acres, Northpoint on Jarvis Creek will offer one-, two- and three-bedroom apartments with rental rates attainable for households with incomes ranging from 60 to 150 percent of the area median income (AMI). At least 50 percent of the units will cater to households earning between 60 and 80 percent of the AMI. (Based on Beaufort County’s 2025 AMI, a family of three could earn between $59,520 and $148,800 to qualify to live at the community.) The development …
DORAL, FLA. — ANF has topped out Sevilla, a seven-story midrise apartment project underway within the $1 billion Downtown Doral development. The developer, locally based Codina Partners, plans to fully deliver the 405-unit community by year-end 2027. Situated on 4.2 acres at the corner of NW 53rd Street and NW 52nd Terrace, Sevilla will offer one-, two- and three-bedroom residences ranging in size from 720 to 1,708 square feet. The property will also include 15,800 square feet of indoor and outdoor amenity space, including a resort-style pool deck with beach entry, private cabanas, grilling stations and a Zen courtyard with a large dog park. The rooftop deck will also offer pickleball courts, a yoga yard, walking paths and lounge areas. Indoor amenities will include a two-story fitness center, resident lounge and a ride-sharing lobby.
OXFORD, MISS. — Landmark Properties has acquired a 27-acre development site on Oxford Way near the University of Mississippi campus in Oxford. The property will be home to The Station at Oxford, an 817-bed, cottage-style community developed in partnership with Liberty Mutual Investments. The development will offer 269 fully furnished units in a mix of two- and four-bedroom configurations with bed-to-bath parity. Shared amenities are set to include a clubhouse, resort-style pool with cabanas and hammocks, fitness center, sports simulator, Jumbotron, cornhole boards, fire pits and a pickleball court. The Station at Oxford will also offer parking for up to 904 vehicles. The development team for the project, which is scheduled for completion ahead of Ole Miss’ 2027-2028 academic year, includes Landmark Construction, Niles Bolton Associates and JM Engineering.
LITTLETON, COLO. — Vista Residential Partners has closed on financing for the development of Highline Vista, a four-story garden-style multifamily property in Littleton. Vertical construction is slated to commence in August 2026, with first residents scheduled for mid-2027 and full completion for late 2027. Situated approximately 14 miles south of downtown Denver, Highline Vista will offer 172 studio, one-, two- and three-bedroom apartments spread across three four-story residential buildings on 5.6 acres. Apartments will feature stainless steel appliances, quartz countertops, vinyl plank flooring, nine-foot ceilings, in-unit washers/dryers and open layouts. Planned community amenities will include a 3,500-square-foot clubhouse with fitness and business centers, a resort-style pool with cabanas and grilling areas, multiple outdoor amenity pavilions and a community park. Apex Multifamily Construction, a Vista affiliate, is serving as general contractor, and Rosemann Architects is designing the project.
SILVER SPRING, MD. — MCB Real Estate has signed Costco Wholesale to anchor Viva White Oak, a $2.8 billion mixed-use development in Maryland’s Montgomery County. Situated a little more than 12 miles northeast of Washington, D.C., Viva White Oak will span 280 acres near the headquarters of the U.S. Food and Drug Administration (FDA) and the Adventist HealthCare White Oak Medical Center in Silver Spring. The 162,000-square-foot store will be the fourth Costco within a 10-mile radius of Viva White Oak, according to MCB. Viva White Oak is approved for more than 12 million square feet of mixed-use development, including 5,000 new residences, both for-sale and rental, as well as new shops, restaurants, a hotel and medical office space. Last week, the Montgomery County Council unanimously approved its first-ever Tax Increment Financing (TIF) district to advance Viva White Oak. MCB says it will use the TIF to unlock about $320 million for infrastructure. According to MCB, Viva White Oak is expected to generate more than 17,000 construction jobs, 9,000 permanent jobs and an estimated $62 million in annual revenue for Montgomery County. Phase I is expected to generate $1.2 billion in value and $33 million in annual revenue.
CLEMSON, S.C. — A joint venture between LV Collective and Harrison Street Asset Management is set to break ground on Rambler Clemson, a 749-bed student housing development located near the Clemson University campus in South Carolina. QuadReal provided construction financing for the project, which is scheduled for completion in 2028. Located on College Avenue, the mid-rise community will offer 227 units in studio, one-, two-, three-, four-, five- and six-bedroom configurations. The 567,000-square-foot development will also feature shared amenities including a ground floor coffee shop; coworking spaces with private study rooms; a multi-sport simulator; rooftop pool deck; clubroom and social lounge; fitness center with a yoga and flex studio and a wellness lounge with a sauna and cold plunge; and ground floor retail space. The development team for the project includes Niles Bolton, Juneau Construction Co. and Variant Collaborative.
GRAND PRAIRIE, TEXAS — Walker & Dunlop has arranged a $44.6 million construction loan for The Henley, a 255-unit multifamily project that will be located roughly midway between Dallas and Fort Worth in Grand Prairie. The Henley will offer 153 one-bedroom units and 102 two-bedroom units in addition to Class A amenities. Walker Layne, Stephen West, Matthew Wallach, Austin Sneed and Tyler Evenson of Walker & Dunlop arranged the floating-rate loan through Goldman Sachs Alternatives on behalf of the locally based developer, StoneHawk Capital Partners.