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Development

Nokia-Bell-Labs-Headquarters-New-Brunswick
DevelopmentLife SciencesNew JerseyNortheastOffice

SJP Properties Breaks Ground on 370,000 SF Office, Life Sciences Project in New Brunswick, New Jersey

by Taylor Williams

NEW BRUNSWICK, N.J. — New York City-based developer SJP Properties has broken ground on a 370,000-square-foot office and life sciences project in the Central New Jersey community of New Brunswick. The 10-story building will be known as the Nokia Bell Labs Headquarters facility and represents Phase II of a larger development known as the HELIX NJ Innovation District (previously known as HELIX Health + Life Science Exchange). SJP is developing the HELIX project in partnership with the New Brunswick Development Corp. PNC Bank provided construction financing for the project, completion of which is slated for late 2027.

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The-Hazel-Jersey-City
DevelopmentNew JerseyNortheast

Alpine Residential, Fields Grade Complete Lease-Up of 87-Unit Apartment Building in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — A partnership between two local developers, Alpine Residential and Fields Grade, has completed the lease-up of Phase II of The Hazel, an 87-unit apartment building in the Bergen-Lafayette area of Jersey City. The building rises six stories, offers studio, one- and two-bedroom units and features amenities such as a rooftop terrace with pool, outdoor grilling areas, multiple courtyards, a dog run, sky lounge, coworking space, library, fitness center and a demonstration kitchen. Fogarty Finger Architecture designed the property, which now has an occupancy rate of 95 percent.

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Meadow Glen Village
DevelopmentGeorgiaMultifamilySoutheast

Portman to Develop 332-Unit Multifamily Community in Metro Atlanta

by Abby Cox

FAIRBURN, GA. — Locally based Portman will develop a 332-unit multifamily community in Fairburn, roughly 20 miles south of downtown Atlanta. Dubbed Meadow Glen Village, Portman will begin construction this month, with plans to deliver the project in June 2027. The development will span nine buildings — each with dedicated parking — and will include a variety of floorplans and layouts. Meadow Glen Village will also feature a public greenspace that will be flanked on both sides by two 6,000-square-foot retail buildings that will be curated with food-and-beverage concepts and service retailers. Portman’s residential team has developed more than 20,000 residential units, including multifamily communities like Sora at Spring Quarter in Midtown Atlanta, Starling in Nashville’s Germantown neighborhood, Vera at Savona Mill in West End Charlotte and Linea in Charlotte’s South End district. 

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Fulshear-Central
DevelopmentMixed-UseTexas

Janapriya Group Breaks Ground on 22-Acre Mixed-Use Project in Fulshear, Texas

by Taylor Williams

FULSHEAR, TEXAS — The U.S. subsidiary of Indian development and investment firm Janapriya Group has broken ground on a 22-acre mixed-use project in Fulshear, a western suburb of Houston. Designed by Kirksey Architecture, Fulshear Central will feature approximately 130,000 square feet of retail, restaurant and office space, as well as open green space and walking trails. Completion is slated for early 2026.

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The-Pearl-at-Station-Bay-South-Amboy
DevelopmentMultifamilyNew JerseyNortheast

BNE Real Estate Completes 205-Unit Multifamily Project in South Amboy, New Jersey

by Taylor Williams

SOUTH AMBOY, N.J. — BNE Real Estate Group has completed The Pearl at Station Bay, a 205-unit multifamily project located about 30 miles south of New York City in South Amboy. Designed by Minno & Wasko Architects and Planners with interiors by Mary Cook Associates, the four-story building was developed as part of Phase II of Station Bay, a $500 million waterfront redevelopment of the former Manhattan Beach Club site. Units come in studio, one- and two-bedroom floor plans. Amenities include a pool, fitness center with a yoga studio, golf simulator lounge, game lounge, coworking space with private offices, café with coffee and a snack bar, private event suite with a bar and lounge, dog run and outdoor grilling and dining stations. Rents start in the mid-$2000s for a studio apartment.

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DevelopmentMultifamilyNew YorkNortheast

Davis Cos., Eloise Capital Begin Leasing 97-Unit Apartment Building in Harlem

by Taylor Williams

NEW YORK CITY — A partnership between Boston-based investment firm The Davis Cos. and Eloise Capital has begun leasing 1975 Madison, a 97-unit apartment building in Harlem. The site is located within the newly formed Harlem 125th Street Business Improvement District. Designed by DXA Studio and built by Broadway Construction Group, the building houses one- and two-bedroom units and amenities such as a wellness garden, coworking area, media room, fitness center, dog wash station and a penthouse lounge. Rents start at approximately $3,350 per month for a one-bedroom apartment.

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DevelopmentMidwestMultifamilyWisconsin

Inland Completes 261-Unit Evoni Apartments in Milwaukee’s Historic Third Ward

by Kristin Harlow

MILWAUKEE — Inland Real Estate Investment Corp. has completed Evoni Apartments in Milwaukee’s Historic Third Ward district. Inland completed the 261-unit luxury apartment project in a joint venture with Kaeding Development Group LLC. Located adjacent to the Henry Maier Festival Park and Lake Michigan, the five-story property features 60 studios, 122 one-bedroom units, 66 two-bedroom units and 13 three-bedroom residences. Amenities include a pool, rooftop lounge, sky deck, outdoor fire pits, a community recreation room, fitness center, yoga room, indoor sauna, dog park, pet washing station and package room. The project marks the fourth investment and second ground-up multifamily development of which Inland Investments has partnered with Kaeding.

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Build-to-RentDevelopmentKansasMidwestSingle-Family Rental

PeakMade, Blue Vista Break Ground on 214-Unit Build-to-Rent Community in Olathe, Kansas

by Kristin Harlow

OLATHE, KAN. — PeakMade Real Estate and Blue Vista Capital Management have broken ground on Olathe Commons, a 214-unit build-to-rent community in Olathe. Leasing is anticipated to begin in August 2026 prior to the first unit deliveries, with final completion slated for September 2027. Old National Bank provided construction financing, and Open House Group is the joint venture limited partner for the project. Olathe Commons will feature 60 single-family cottages and 154 townhome units. Floor plans will range from two to four bedrooms, and most units will have attached garages. Amenities will include a clubhouse, fitness center, pool, dog park and green space.

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DevelopmentIndustrialMidwestWisconsin

Peak Construction to Build 237,788 SF Spec Industrial Building in Bristol, Wisconsin

by Kristin Harlow

BRISTOL, WIS. — Peak Construction Corp. will construct Building 5A within Bristol Business Park in the Milwaukee suburb of Bristol. Janko Group is the developer. The 237,788-square-foot speculative industrial facility will feature a clear height of 32 feet, 20 docks, two drive-in doors and 303 parking spaces. Completion is slated for the third quarter of 2026. The project team includes Harris Architects Inc. and Manhard Engineering as civil engineer. Peak has served as general contractor for the 225-acre industrial business park’s infrastructure and multiple tenant improvements as well as Building 1 (1 million square feet), Building 2 (314,505 square feet), Building 3 (396,508 square feet), Building 4 (157,043 square feet) and Building 8 (323,970 square feet).

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355-Exterior-St.-Bronx
DevelopmentLoansMultifamilyNew YorkNortheastTop Stories

SCALE Lending Provides $305M Construction Loan for Bronx Multifamily Project

by Taylor Williams

NEW YORK CITY — SCALE Lending, the debt financing arm of New York City-based Slate Property Group, has provided a $305 million construction loan for a new multifamily project in the Mott Haven area of The Bronx. The borrower is locally based development and investment firm The Beitel Group. The unnamed project will comprise two interconnected buildings that will rise 40 and 26 floors and house 755 studio, one- and two-bedroom apartments. Amenities will include an outdoor pool, large outdoor terrace, gym with sauna and steam room, pickleball court, golf simulator, coworking area, party room and children’s play room, as well as 11,500 square feet of retail space. Beitel Group bought the land at 355 Exterior St., which is situated along the Harlem River, last fall and subsequently demolished all existing structures. Prestige Construction NY is serving as the general contractor for the project, which has been vested into the city’s 421a program for inclusion of an affordable housing component. Landstone Capital Group arranged the construction loan, which carries an 18-month term with two six-month extension options, through SCALE Lending on behalf of Beitel Group. Construction is slated for a June 2026 completion. “The Mott Haven submarket of New York …

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