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DevelopmentFloridaMixed-UseSoutheastTop Stories

Partnership Proposes $2B City Park at West Kendall Mixed-Use Development in Miami

by Kristin Harlow

MIAMI — A partnership between The Easton Group, Lennar and MPKA LLC has proposed City Park at West Kendall, a $2 billion, 990-acre master-planned community in Miami. The development team has filed its application with Miami-Dade County. Plans call for 7,800 new homes in a variety of price points, including townhomes, multifamily units, single-family homes and workforce housing, as well as 1.4 million square feet of retail space and 500,000 square feet of office space. At the heart of the proposed project is Village Core, a walkable town center with shops, restaurants, entertainment, plazas and a boardwalk. With the development application filed, the next step involves collaborating with local neighbors, government officials and community stakeholders to fine-tune the plan, according to Bill Albers, partner with MPKA, which is a consultant to the homebuilding industry. City Park is expected to generate $2.4 billion in annual economic output for the county. The project is also estimated to create more than 19,000 construction jobs during build-out followed by more than 13,000 permanent jobs. By reducing the need for daily commutes to job centers like downtown, Brickell, Doral and Coral Gables, City Park will also help reverse traffic patterns and ease congestion that has …

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Fort-Greene-Family-Center-Brooklyn
Affordable HousingDevelopmentMultifamilyNew YorkNortheast

Westhab Inc. Opens $73M Transitional Housing Complex in Brooklyn

by Taylor Williams

NEW YORK CITY — Westhab Inc., a nonprofit provider of housing and human services, has opened Fort Greene Family Center, a $73 million transitional housing complex in Brooklyn. Aufgang Architects designed the 11-story building, which houses 105 units and was developed in partnership with Slate Property Group. The building also features 1,405 square feet of community facility space and recreational areas for children. In addition, residents have access to a range of onsite social services: job training programs, financial literacy training, youth services and educational support, healthcare coordination and wellness programming.

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DevelopmentIndustrialNew JerseyNortheast

Lincoln Equities Completes 204,407 SF Industrial Project in Belleville, New Jersey

by Taylor Williams

BELLEVILLE, N.J. — Locally based developer Lincoln Equities Group has completed a two-building, 204,407-square-foot industrial project in the Northern New Jersey community of Belleville. The site at 681 Main Street spans 15.2 acres, and the development consists of a 91,746-square-foot building and a 112,661-square-foot building, both of which feature clear heights of 36 feet. Combined, the buildings offer 43 dock doors, four drive-in doors and 4,732 square feet of office space. Lincoln Equities has tapped CBRE as the leasing agent.

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DevelopmentIndustrialMarylandSoutheast

CREG, Sagard Underway on 170,000 SF Speculative Industrial Facility in Metro Baltimore

by John Nelson

HAVRE DE GRACE, MD. — Chesapeake Real Estate Group (CREG) and Sagard Real Estate are underway on a new speculative industrial facility located at 1621 Clark Road in Havre de Grace, a Baltimore suburb in Harford County. The co-developers have tapped the CBRE Baltimore office to market and lease the project, which is expected to deliver in March 2026. The facility will offer 36-foot clear heights, a 180-foot truck court, 37 dock-high loading positions, 51 trailer drops, 122 vehicle parking spaces and a 2,500-square-foot speculative office suite.

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DevelopmentHospitalityNew HampshireNortheast

Hideaway Inns Debuts 55-Room Flagship Property in Mount Sunapee, New Hampshire

by Taylor Williams

MOUNT SUNAPEE, N.H. — Hideaway Inns has debuted its 55-room flagship property in Mount Sunapee, a ski resort town located near the Vermont-New Hampshire border. Hideaway Inn Mount Sunapee is located at the base of the mountain and offers amenities such as a library, gaming area, a putting green, coffee bar and a coworking space. Revival Hotels manages the property. Two additional Hideaway Inn properties are currently under development in Mount Snow, Vt., and Sugar Hill, N.H.

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Pique-Apts-Berkeley-CA
CaliforniaDevelopmentMultifamilyStudent HousingWestern

Gilbane Underway on 484-Bed Student Housing Project Near University of California, Berkeley

by Amy Works

BERKELEY, CALIF. — Construction is underway on Pique, a 484-bed student housing project by Gilbane Development located at 2587 Telegraph Ave. near the University of California, Berkeley campus. The developer recently opened a leasing office for the community at 2430 Bancroft Way. The project is scheduled for completion in summer 2026. Pique will offer units in four-, five- and six-bedroom configurations. Shared amenities will include an indoor-outdoor yoga and fitness center with an outdoor sauna; outdoor study spaces; two rooftop decks separated by an indoor-outdoor club room; community terrace space; a ground floor coworking lounge; smart food lockers; and private study rooms on each floor. The community will also feature 2,900 square feet of ground-floor retail space. 

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1434-W-Compton-Blvd-Compton-CA
Affordable HousingCaliforniaDevelopmentLoansMultifamilyWestern

KeyBank Provides $25.9M Loan for Affordable Housing Development in Compton, California

by Amy Works

COMPTON, CALIF. — KeyBank Community Development Lending and Investment has provided a $25.9 million loan to finance construction of an affordable housing development at 1434 W. Compton Blvd. in the metro Los Angeles city of Compton. The Coalition for Responsible Community Development (CRCD) has partnered with LandSpire Group to develop the 75-unit community. The project will be a three-story development consisting of studios and one- and two-bedroom units, all of which will be rent restricted at or below 50 percent of the area median income. Additional low-income housing tax credit equity and Freddie Mac permanent financing were secured from Walker & Dunlop. The total project cost was not disclosed, but a California Tax Credit Allocation Committee report from October 2024 lists the valuation at $56.8 million. Amenities will include laundry facilities, a community room, playground, landscaped courtyard, amphitheater-style seating area, sports court, onsite parking and a resident manager. Social services will be provided by CRCD and other community partners. Completion is slated for May 2027. CRCD and LandSpire Group have forged a partnership to create more than 1,000 permanent supportive and affordable housing units across the greater Los Angeles area over the next decade.

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Affordable HousingDevelopmentMidwestMinnesotaMultifamily

Lupe Completes 110-Unit Affordable Housing Community in Minneapolis

by Kristin Harlow

MINNEAPOLIS — Lupe Development Partners has completed Lakefield Apartments, a 110-unit affordable housing community in the Lyn-Lake area of Minneapolis. The project marks a collaboration between Lupe and the city to address affordable housing needs. The development was originally planned to include 95 units before the developer acquired an additional parcel and expanded the project to 110 family-sized units, including more three- and four-bedroom layouts. As of September, the project was 70 percent leased. The development concludes the third phase of Lupe’s mixed-income campus on Lake Street near the Lyndale Avenue intersection. In total, the campus has brought 353 units of affordable and market-rate housing along Lake Street in the past five years. The $41 million project was made possible through collaboration with the city, Multifamily Housing Revenue Bonds, Hennepin County, Minnesota Department of Employment and Economic Development and housing tax credit equity. Frana Cos. served as general contractor.

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ArizonaDevelopmentHospitalityLeasing ActivityMixed-UseRetailTop StoriesWestern

Partnership Announces Costco, Marriott Hotels Coming to $7B Halo Vista Development in Phoenix

by John Nelson

PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has announced updates for the first phase of Halo Vista, the co-developers’ $7 billion, 2,300-acre mixed-use campus in northwest Phoenix. Halo Vista is set to surround TSMC Arizona, the $165 billion semiconductor fabrication campus. The co-developers, which are operating as an entity doing business as Mack Halo Vista LLC, announced that the project will include a new Costco store, two Marriott-branded hotels (a Courtyard by Marriott and a Residence Inn) and an auto mall (i.e. a cluster of car dealerships). Locally based firm Common Bond Development Group is developing the hotels after acquiring the land from Mack Halo Vista. “Today’s confirmation of the first phase of hospitality and retail users marks an important milestone for Halo Vista because it will enable our project to deliver much-needed services in support of the growing TSMC ecosystem, while we simultaneously continue to focus on horizontal infrastructure development that underpins the entire master plan,” says Chris Janson, president of Mack Halo Vista LLC. The new buildings will be situated at I-17 and Dove Valley Road. Infrastructure is in place and ready for development, according to the developers. Last year, the Arizona State …

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DevelopmentMultifamilyTexas

Partnership Delivers 40-Story Apartment Tower Near Downtown Houston

by Taylor Williams

HOUSTON — A partnership between locally based owner-operator Hanover Co., Dallas-based Rebees and Mitsui Fudosan America has delivered a 40-story apartment tower located about two miles west of downtown Houston. Hanover Buffalo Bayou is located within the 14-acre Autry Park mixed-use development along the western edge of the 160-acre Buffalo Bayou Park. The building consists of 317 units in one-, two- and three-bedroom formats with an average size of 1,276 square feet, as well as 5,000 square feet of retail space. Amenities include a landscaped courtyard with a pool, outdoor grilling and dining stations, a clubhouse with a demonstration kitchen, fitness center, cinema, business center and a game room. Rents start at approximately $2,600 per month for a one-bedroom apartment.

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