FLEMINGTON, N.J. — Locally based developer Larken Associates has delivered Flemington Junction Business Center II, a 50,000-square-foot industrial flex project located about 60 miles southwest of Manhattan. The building features a clear height of 32 feet, and units can be subdivided to spaces as small as 3,125 square feet. Core Enterprises provided construction management services for the project, construction of which began last summer.
VALLEY PARK, MO. — Mia Rose Holdings LLC will build 44 East, a $60 million luxury apartment development in the western St. Louis suburb of Valley Park. The project is situated on the site of the former Wet Willy’s, a hotspot from the 1980s and 1990s. Mia Rose closed on the land acquisition from Mercy Hospital in June. The community will feature 216 apartment units. As the sister project to 44 West Luxury Living, the development reflects community feedback by offering a greater mix of two- and three-bedroom units alongside one-bedroom options. Residents will enjoy coworking lounges and resort-style amenities. The project team includes equity partner Argos Capital Partner; debt partners Commerce Bank and First Bank; design partners Rosemann & Associates, Engenuity, The Sterling Co. and SCI Engineering; and building partners Karrenbrock Construction for sitework and Midas Building Group for vertical construction.
CLEVELAND — KeyBank Community Development Lending and Investment (CDLI) has provided a $12 million construction loan and invested $16.1 million in Low-Income Housing Tax Credit equity for the construction of Churchill Gateway II, a 70-unit affordable housing project in Cleveland. KeyBank Commercial Mortgage Group (CMG) also arranged a $5.6 million Freddie Mac permanent loan for the project, which will be built at 10526 Churchill Ave. and received an additional $1.7 million in funding from the Ohio Housing Finance Agency. Churchill Gateway II is the second phase of the anchor development along the East 105th corridor, creating a connection between the Glenville neighborhood to the north and the job center at University Circle to the south. The project will consist of a four-story building with one-, two- and three-bedroom units for residents earning 30 to 60 percent of the area median income and will contain 19 units supported by project-based subsidies. The NRP Group is the developer. The May Dugan Center will provide supportive services. Seaver Rickert and Ryan Olman of KeyBank CDLI structure the financing, while Robbie Lynn of KeyBank CMG arranged the permanent loan.
CLEMSON, S.C. — Core Spaces and Kayne Anderson Real Estate have broken ground on Hub Clemson, a 1,303-bed student housing community located steps from Clemson University in South Carolina. The seven-story development will feature 394 units across 821,000 square feet, offering a mix of studio to five-bedroom layouts and a series of three-story townhomes. Hub Clemson will include 20,000 square feet of amenities, such as a rooftop pool and lounge with views of Lake Hartwell, a fitness center, coffee shop and communal green spaces. Located at the corner of Tiger Boulevard and College Avenue, the project site connects directly to the Keowee Trail, a 1.3-mile hiking trail. The new development will offer outdoor dining areas, entertainment spaces and pedestrian-friendly pathways for residents, students and the broader community. Plans call for 8,700 square feet of retail space and approximately 830 parking spaces. The project more than doubles the amount of active parkland area for the community at Abernathy Park along the shoreline of Lake Hartwell, according to Joe Gatto, senior managing director of acquisitions and investments at Core Spaces. Hub Clemson is slated for completion in early summer 2027, ahead of the 2027-2028 academic year. Juneau Construction Co. is the general …
FORT BEND COUNTY, TEXAS — Crow Holdings Development is underway on construction of Phase I of Hightower Business Park, a six-building, 180-acre industrial development that will be located in Fort Bend County on the southwestern outskirts of Houston. Phase I will feature three buildings that will span 343,332, 228,954 and 163,930 square feet. Two of the buildings in Phase II will total 179,311 square feet, and the final structure will encompass 737,437 square feet. Construction of Phase I buildings, which will feature 36-foot clear heights and ample trailer parking, is slated for a mid-2026 completion. CBRE has been tapped as the leasing agent.
NEW YORK CITY — A partnership between two developers, New York-based Baron Property Group and Miami-based LargaVista Cos., has received $388.5 million in construction financing for a 561-unit multifamily project in the Long Island City neighborhood of Queens. Designed by CetraRuddy, the development will consist of 451 apartments and 110 condos, as well as 21,000 square feet of retail space, that will be housed within a 46-story building at 30-25 Queens Blvd. Starwood Capital Group, Gotham Organization and Blackstone Real Estate Debt Strategies provided the financing, which was co-arranged by Ayush Kapahi of HKS Real Estate Advisors and Anthony Ledesma of DIA Capital Group. Rental and condo residences will feature studio, one- and two-bedroom floor plans. Amenities will include a rooftop pool, basketball and pickleball courts, a content creation and recording studio, fitness center, private outdoor terraces with grilling stations, a solarium with a kitchen, pet spa, coworking lounges and a game room. Completion is slated for 2028.
NEW YORK CITY — Locally based developer BFC Partners has landed a $250 million construction loan for 1709 Surf Avenue, a 420-unit affordable housing project on Coney Island. The project marks the third and final phase of a 1,242-unit, three-building affordable housing development along Surf Avenue that is valued at approximately $700 million. Income restrictions across the three buildings range from 30 to 130 percent of the area median income. Project partners include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corp. and Citi Community Capital. Construction is slated for a 2028 completion.
LOS ANGELES — CGI+, a Los Angeles-based multifamily investment firm, has completed the disposition of a shovel-ready, 4.9-acre development site in Torrance to JPI for $40 million. The property is entitled for a six-story, 525-unit residential building, with 34 units reserved for residents earning less than 30 percent of the area median income. Designed by AC Martin, the planned development will offer floor plans ranging from studio to three-bedroom apartments. Residences will be connected by a series of walking paths leading to four distinct and separate micro-environments offering amenities including outdoor workspaces, barbecue and dining areas, a spa, children’s playground, pet park and fire pits. A 28,000-square-foot aerial central park on top of the project’s eight-story garage will offer 360-degree views from the Pacific Ocean to downtown Los Angeles. The rooftop park will feature a resort-style pool, coffee shop, clubhouse, indoor/outdoor gym, pickleball court and outdoor lounge spaces. Chris Gomez-Ortigoza and Tim Barden of Land Advisors Organization marketed the fully entitled development site on behalf of CGI+.
ANN ARBOR, MICH. — CRG and co-developer Shapack Partners have closed on the site and secured full construction financing for Chapter Ann Arbor, a 19-story student housing tower located one block from the University of Michigan’s Central Campus in Ann Arbor. The property will feature 625 beds across 183 units. Construction is slated to begin in August, with completion anticipated in time for the 2027-2028 academic year. Located at the northeast corner of South University Avenue and Church Street in Ann Arbor’s South University District, the project will offer fully furnished apartments across studio through five-bedroom layouts. Amenities will include a fitness center, study lounges, a library and rooftop patio. Lamar Johnson Collaborative, a subsidiary of CRG’s parent company Clayco, designed the development. Findorff, a Madison, Wis.-based construction company, will serve as general contractor.
PARK CITY, UTAH — Extell Development Co., a national real estate development firm based in New York City, has secured a $600 million construction loan for Four Seasons Resort and Residences Deer Valley, a new hospitality and condominium development currently underway in Park City, Utah’s premier ski town. New York-based JVP Management provided the financing. Extell broke ground on the development earlier this spring and plans to deliver the property in 2028. Designed by ODA Architecture, Four Seasons Resort and Residences Deer Valley will feature one- to seven-bedroom hotel suites ranging in size from 1,200 to 7,000 square feet, all with direct ski-in/ski-out access. Amenities at the property will include wellness and fitness facilities with saunas, steam rooms, whirlpools and spa services, as well as four dining venues and a ski-in/ski-out lounge with an outdoor terrace and fireplace. Additional amenities will include access to 50 miles of hiking and biking trails, an ice rink, indoor sports court and indoor and outdoor pools with panoramic views and private cabanas. The property will also feature a grand ballroom, three meeting rooms and an outdoor event terrace. Upon completion, the development will include a building with 68 private one- to five-bedroom residences as …