Development

JLL Arranges $28.5M Construction Financing for 104-Unit Multifamily Project in Santa Maria, California

by Amy Works August 19, 2025

SANTA MARIA, CALIF. — JLL Capital Markets, on behalf of Santa Barbara, Calif.-based Vernon Group, has secured a $28.5 million construction financing for The Lofts, a Class A multifamily property in downtown Santa Maria. The project is a component of Phase I in the Santa Maria Town Center redevelopment, a master-planned expansion initiated by the City of Santa Monica to revitalize the downtown core. The Lofts will feature 104 loft-style apartments ranging from 600 square feet to 1,200 square feet. Located at 201 Town Center East, the existing building will be converted to a courtyard format with double-loaded corridors for apartments. Constructed is slated for completion in June 2027. Matt Stewart, Alex Olson, Ace Sudah, Kyle White and Jacob Michael of JLL represented the borrower in the financing.

August 19, 2025

California Development Loans Multifamily Western

Gantry Secures $11.7M Construction Loan for South Lake Tahoe Townhome Project

by Amy Works August 19, 2025

SOUTH LAKE TAHOE, CALIF. — Gantry has secured an $11.7 million construction loan for the development of a 14 for-sale townhome project in South Lake Tahoe. Located at 3708 Lake Tahoe Blvd. and 3709 Osgood Ave., South Lake Tahoe Townhomes will offer 14 for-sale townhomes within walking distance of the lake, stateline casinos and other amenities. Peter Hillakas, Robert Slatt and Keegan Bridges of Gantry represented the borrower, a private real estate investor. The 18-month loan was provided from Gantry’s extensive roster of lenders specializing in construction financing.

August 19, 2025

Development Illinois Midwest Multifamily

PREMIER Design + Build Group Breaks Ground on 573-Unit Multifamily Development in Joliet, Illinois

by Kristin Harlow August 19, 2025

JOLIET, ILL. — PREMIER Design + Build Group has broken ground on The View at Rock Run Collection, a 573-unit multifamily project in Joliet. Cullinan Properties is the developer. The View is part of the larger 310-acre Rock Run Collection mixed-use development. The View will feature 14 three-story, garden-style buildings across 30 acres. Amenities will include an outdoor pool, entertainment area, volleyball court, yoga platform, bocce ball court, cabana building and gym. Phase I of The View will include three residential buildings totaling 264 units along with a freestanding clubhouse building, three parking garages, retention ponds and additional infrastructure work. Humphreys & Partners Architects LP is the project architect.

August 19, 2025

Development Midwest Minnesota Multifamily Seniors Housing

Kraus-Anderson Completes $41.8M Expansion of Trillium Woods Retirement Community Near Minneapolis

by Kristin Harlow August 19, 2025

PLYMOUTH, MINN. — Kraus-Anderson has completed Phase 2 of a $41.8 million expansion of Trillium Woods, an independent living retirement community located at 5855 Cheshire Parkway in the Minneapolis suburb of Plymouth. Designed by Pope Design Group, the 160,321-square-foot, five-story expansion consists of 18 assisted living units, 16 assisted living memory care units, 52 independent living units and 67 underground parking spaces. Trillium Woods is a Life Plan Community that provides wellness services and levels of senior care, including memory care, skilled nursing and rehabilitation. The prairie-style community is surrounded by 46 acres of walking and hiking trails and features an indoor pool, salon, day spa, fitness center, pub, café, pickleball court, library, auditorium, art studio, guest suites and fine dining. Construction began in April 2024.

August 19, 2025

Affordable Housing Development Midwest Minnesota Multifamily

Oppidan Begins Development of 132-Unit Workforce Housing Project in Northern Minnesota

by Kristin Harlow August 19, 2025

GRAND RAPIDS, MINN. — Oppidan Investment Co. has broken ground on Mill + Miss, a new workforce housing project in Grand Rapids, a city in northern Minnesota. The 121,000-square-foot, 132-unit development is the result of a public-private partnership. Located near the Mississippi River and inspired by the region’s paper mill history, Mill + Miss will include one-, two- and three-bedroom units with a fitness center, game room, coffee bar, outdoor patio and walking paths. Mill + Miss was made possible through the support of the City of Grand Rapids, Grand Rapids Economic Development Authority, Iron Range Resources & Rehabilitation Board and the Minnesota Housing Finance Agency through the State’s Workforce Development Program. Completion is slated for March 2027.

August 19, 2025

Data Centers Development Industrial Texas Top Stories

Vantage Data Centers to Invest $25B for Mega-Campus in Shackelford County, Texas

by Abby Cox August 19, 2025

SHACKELFORD COUNTY, TEXAS — Vantage Data Centers will invest $25 billion to develop a 3.7 million-square-foot, large-scale data center campus in Shackelford County, which is situated near Abilene, Texas, and about 120 miles west of the Dallas-Fort Worth metroplex. Construction of the new 1.4-gigawatt (GW) campus, dubbed “Frontier,” has already begun, with the first of 10 buildings scheduled for delivery in the second half of 2026. The 1,200-acre, multi-phase project is expected to create jobs for 5,000 people across construction and ongoing operations at the campus, according to company representatives. Additionally, Vantage has pledged annual college scholarships for Shackelford County students throughout the lifespan of the project and plans to hire locally while providing training opportunities. “This investment in Texas will be a significant economic growth driver for the area as we rapidly deploy the digital infrastructure needed to support AI applications,” says Dana Adams, president of Vantage’s North America operations. The Frontier campus will be capable of supporting server racks with a power draw of more than 250 kilowatts (kW), while utilizing liquid cooling to support the next generation of graphics processing unit (GPU) loads. Vantage is also pursuing LEED (Leadership in Energy and Environmental Design) certification for Frontier, which …

August 19, 2025

Development Multifamily Texas

High Street Residential Completes 209-Unit Multifamily Project in Houston

by Taylor Williams August 18, 2025

HOUSTON — High Street Residential has completed Rone Residences, a 209-unit multifamily project in Houston’s River Oaks/Upper Kirby area. Designed by Zeigler Cooper Architects and built by Hoar Construction, Rone Residences rises 12 stories and houses one-, two- and three-bedroom floor plans with an average size of roughly 1,400 square feet. Amenities include multiple pools, a fitness center, game lounge, coworking and private conference spaces, a pet park and tenant storage spaces. Rone Residences will also house 2,900 square feet of retail space. Rents start at roughly $3,000 per month for a one-bedroom apartment.

August 18, 2025

Development Florida Multifamily Southeast

American Landmark, Clearline Break Ground on 310-Unit Apartment Complex in Miami’s Wynwood Arts District

by Abby Cox August 18, 2025

MIAMI — A partnership between Tampa- based American Landmark Apartments and New York-based Clearline Real Estate has broken ground on 2000 Wynwood, a 310-unit apartment complex located in Miami’s Wynwood Arts District. Leo A Daly designed the project, which will feature luxury studios, one- and two-bedroom apartments, as well as 12,000 square feet of ground-floor retail space. Amenities will include a resort-style rooftop swimming pool, fitness center, resident lounge, coworking areas and 308 private parking spaces. A timeline for completion was not disclosed.

August 18, 2025

Affordable Housing California Development Multifamily Western

Wakeland Housing, MVE + Partners Break Ground on $140M Affordable Housing Complex in San Diego

by Amy Works August 18, 2025

SAN DIEGO — Wakeland Housing and MVE + Partners have broken ground on The Becker, a $140 million affordable housing complex in San Diego’s Mission Valley neighborhood. The property is part of the $4 billion Riverwalk development in San Diego — a mixed-use and recreational project master-planned by MVE + Partners that will convert a former golf course into a 195-acre mixed-use, transit-oriented development. The Becker is the first phase of Riverwalk’s affordable component and will be the first housing project to open within the development. Designed by MVE + Partners, The Becker comprises 227,000 square feet spanning three buildings offering a total of 190 units. The four- and five-story buildings are dedicated to tenants making between 30 to 60 percent of the area median income. The property will feature 46 one-bedroom, 89 two-bedroom and 55 three-bedroom units. The property will also include a second-floor courtyard and play area, a community room with a kitchen and computer stations, a central laundry room and onsite leasing office alongside 95 bike spaces and 100 parking spaces, including EV chargers. Slated for completion in 2027, The Becker is located at 6364 Village Drive. Level 10 Construction is serving as general contractor for the project.

August 18, 2025

Development Hospitality Midwest Minnesota Restaurant Retail

Kraus-Anderson Completes $10M Restaurant, Lodge in Lutsen, Minnesota

by Kristin Harlow August 18, 2025

LUTSEN, MINN. — The Duluth office of Kraus-Anderson has completed construction on Papa Charlie’s Event Center and Lodging in Lutsen within northeast Minnesota. Located at 467 Ski Hill Road, the 9,825-square-foot restaurant and lodge replaces the former facility that was shuttered by a 2023 fire. Designed by LHB Architects, the new $10 million replacement building includes Charlie’s Alpine Bistro. The two-story center’s lodging, called Sunset Studios, includes a bridal suite and eight custom lodging units with balconies overlooking the Poplar River and Moose Mountain. Construction began in September 2024.

August 18, 2025

Newer Posts

Older Posts