Friday, September 12, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Development

DevelopmentFloridaMultifamilySoutheast

Centennial Bank Provides $73M Construction Loan for Elysian Apartments in Winter Garden, Florida

by John Nelson

WINTER GARDEN, FLA. — Centennial Bank has provided a $73 million construction loan for Elysian, a 323-unit luxury apartment development in the Orlando suburb of Winter Garden. Robby Barrows and David Druey of Centennial Bank originated the loan on behalf of the borrower, Unicorp National Developments Inc. The locally based developer plans to break ground on Elysian soon and wrap up construction in approximately 18 months. Site clearing is complete and pipe installation is currently underway. Designed by Krieger Klatt Architects, Elysian’s amenities will include a wine bar; fitness center with yoga, Pilates and cycling studios; steam room with a sauna; resort-style pool with cabanas; and a clubhouse with a fireplace and movie theater. Information on the property’s floorplans was not released. The Elysian loan grows the financing relationship between Centennial Bank and Unicorp to more than $500 million.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentOfficeTexas

Stream Realty Partners Breaks Ground on 35,000 SF Office Project in San Antonio

by Taylor Williams

SAN ANTONIO — Stream Realty Partners has broken ground on 211 Crossing, a 35,000-square-foot office project that will be located in the Far West submarket of San Antonio. The development will feature six buildings with an average size of about 5,750 square feet, as well as three pad sites that will be available for purchase or build-to-suit opportunities. Completion is slated for next spring. Stream will also lease the development.

Continue Reading
FacebookTwitterLinkedinEmail
The-Lofts-Santa-Monica-CA
CaliforniaDevelopmentLoansMultifamilyWestern

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

by Amy Works

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.

Continue Reading
FacebookTwitterLinkedinEmail
South-Lake-Tahoe-Townhomes-Tahoe-CA
CaliforniaDevelopmentLoansMultifamilyWestern

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

by Amy Works

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.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestMultifamily

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

by Kristin Harlow

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.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMinnesotaMultifamilySeniors Housing

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

by Kristin Harlow

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.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMidwestMinnesotaMultifamily

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

by Kristin Harlow

GRAND RAPIDS, MINN. — Oppidan Investment Co. has broken ground on Mill + Mass, 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 + Mass will include one-, two- and three-bedroom units with a fitness center, game room, coffee bar, outdoor patio and walking paths. Mill + Mass 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.

Continue Reading
FacebookTwitterLinkedinEmail
Frontier-Data-Center
Data CentersDevelopmentIndustrialTexasTop Stories

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

by Abby Cox

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 …

Continue Reading
FacebookTwitterLinkedinEmail
Rone-Residences-Houston
DevelopmentMultifamilyTexas

High Street Residential Completes 209-Unit Multifamily Project in Houston

by Taylor Williams

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.

Continue Reading
FacebookTwitterLinkedinEmail
2000 Wynwood
DevelopmentFloridaMultifamilySoutheast

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

by Abby Cox

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.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts