Development

Garden Communities Completes One Legacy Place Apartments in East Brunswick, New Jersey

by Taylor Williams May 8, 2024

EAST BRUNSWICK, N.J. — New Jersey-based developer Garden Communities has completed One Legacy Place, a multifamily project located in the Northern New Jersey community of East Brunswick. One Legacy Place is the signature building within the larger, 520-unit Legacy Place development. The property features studio, one-, two- and three-bedroom units across two buildings with garage parking and 18,000 square feet of retail space, all on a 25-acre site. Amenities include a pool, outdoor grilling and dining areas, a coworking lounge, fitness center, dog park and walking trails. Leasing began in November. Rents start at $2,540 per month for a one-bedroom apartment.

May 8, 2024

Development Florida Loans Multifamily Southeast

ZOM Living, MetLife Obtain $63M Construction Financing for Apartment Development in Tampa

by John Nelson May 7, 2024

TAMPA, FLA. — ZOM Living and capital partner MetLife Investment Management have obtained $63 million in construction financing for MetWest Residential, an eight-story, 375-unit apartment development in Tampa’s Westshore District. The direct lender was not disclosed, but public records show the lender is TD Bank. The property will be situated on a northwest parcel within the 30-acre MetWest International mixed-use development, which features 1 million square feet of offices, a 175-room AC Hotel by Marriott and a 56,000-square-foot retail village. Designed by Memphis-based Looney Ricks Kiss, MetWest Residential will feature a mix of studio, one-, two- and three-bedroom apartments ranging in size from 576 to 1,601 square feet. Amenities will include an elevated resort-style pool with an outdoor deck and aqua lounge; a courtyard with a canopy and fire pit; fitness center; coworking and conference spaces for residents working from home; a dog park; speakeasy lounge concept on the eighth floor; 3,000 square feet of retail space; and a six-story parking garage. ZOM Living and MetLife Investment Management plan to deliver the property in summer 2026.

May 7, 2024

Affordable Housing Development Loans Multifamily South Carolina Southeast Walker & Dunlop

Walker & Dunlop Arranges $62M Construction Financing for Multifamily Development in Columbia, South Carolina

by John Nelson May 7, 2024

COLUMBIA, S.C. — Walker & Dunlop has arranged $62 million in debt and equity financing for the construction of Burnside Farms Apartments, a new 308-unit multifamily development in Columbia. The borrowers, South Coast Property Investments and Abacus Capital, plan to break ground in June. Jamie Butler, Cliff Ayers, Michael Bowles and Jason McFadden of Walker & Dunlop arranged the non-recourse financing on behalf of the borrowers. The apartment community will feature a mix of market-rate and affordable housing units. The property will be situated at the intersection of Cliff Kinder and Pineview roads within the larger Burnside Farms master-planned community.

May 7, 2024

Development Georgia Multifamily Southeast

SHR Resi Delivers 212-Unit Howell Apartments in Atlanta’s Upper Westside District

by John Nelson May 7, 2024

ATLANTA — SHR Resi, a wholly owned subsidiary of local development firm Songy Highroads, has delivered The Howell, a 212-unit luxury apartment community in Atlanta’s Upper Westside neighborhood. Situated off the I-75 exit along Howell Mill Road, The Howell features a mix of one-, two- and three-bedroom apartments with 9- to 12-foot ceilings and open floor plans. Monthly rental rates start at $1,890, according to Apartments.com. Amenities include an open-air lounge on the seventh floor, 3,500 square feet of ground-level retail space, coworking space, a resort-style pool and pool deck, clubhouse, pet run and pet spa, fitness center and a gated and covered parking garage. Gables Residential is managing The Howell on behalf of SHR Resi.

May 7, 2024

Arkansas Development Industrial Southeast

Ti Cold to Build 125,000 SF Cold Storage Facility for Central Cold Solutions in Conway, Arkansas

by John Nelson May 7, 2024

CONWAY, ARK. — Ti Cold plans to develop a build-to-suit cold storage facility in Conway for Central Cold Solutions. The 125,000-square-foot property will feature 50-foot clear heights, structural steel pallet racks and the ability to regulate temperatures ranging from 40 to minus-20 degrees Fahrenheit. Central Cold Solutions aims to support food wholesalers, retailer and food manufacturing customers in Central Arkansas through this facility. The construction timeline for the project was not disclosed. Brad Lacy of the Conway Area Chamber of Commerce assisted in the site selection.

May 7, 2024

Development Industrial Texas

Hillwood to Develop 766,994 SF Industrial Project at AllianceTexas in North Fort Worth

by Taylor Williams May 7, 2024

FORT WORTH, TEXAS — Hillwood will develop Alliance Westport 14, a 766,994-square-foot industrial project that will be located within the 27,000-acre AllianceTexas master-planned community in North Fort Worth. Alliance Westport 14 will feature 40-foot clear heights, 185-foot truck court depths and parking for 306 cars and 196 trailers (expandable to 500 or 312, respectively). GSR Andrade is the project architect, and Hillwood Construction Services is the general contractor. Frost Bank provided construction financing. The groundbreaking is set for June, and completion is slated for the second quarter of 2025.

May 7, 2024

Civic Development Texas

Brookfield Residential Completes 21-Acre Skyline Park in Austin

by Taylor Williams May 7, 2024

AUSTIN, TEXAS — Brookfield Residential Properties has completed the 21-acre Skyline Park, located at 7800 Apogee Blvd. in the Easton Park neighborhood of Austin. Skyline Park offers views of downtown Austin, a bridge connection resembling the Pennybacker Bridge, a splash pad, an open lawn and two playgrounds designed to cater to children of a range of age groups. In addition, the park connects to a 13-mile network of walking trails. Project partners included landscape architect TBG, CBD civil engineering, Stanley Studio architects, PKA structural engineers and CMP project management consultants. A grand opening event took place on Saturday, May 4.

May 7, 2024

Development Multifamily Texas

Birge & Held, Pedcor Unveil $7M Renovation of Affordable Housing Complex in Lubbock

by Taylor Williams May 7, 2024

LUBBOCK, TEXAS — Indianapolis-based development and investment firm Birge & Held Asset Management and Pedcor Management Corp. have unveiled the $7 million renovation of Cantibury Pointe Apartments, a 144-unit affordable housing complex in the West Texas city of Lubbock. The property offers 74 three-bedroom and 70 four-bedroom townhomes. The project team upgraded the amenity spaces, which include a pool, fitness center, business center and a clubhouse. Specific information on income restrictions was not disclosed.

May 7, 2024

Development Industrial Texas

Anton Paar USA to Open 30,000 SF Regional Headquarters Facility in Houston

by Taylor Williams May 7, 2024

HOUSTON — The U.S. subsidiary of Australian firm Anton Paar USA, which provides laboratory instruments and measuring systems, will open a 30,000-square-foot regional headquarters in Houston. The site is located within East River, Midway’s 150-acre mixed-use development in the Historic Fifth Ward. The facility will consist of 12,500 square feet of office space, 12,599 square feet of lab and training space and 5,000 square feet of logistics space. Chadd Bolding of Colliers represented Anton Paar USA in its site selection and purchase of the land. David Hightower represented Midway on an internal basis.

May 7, 2024

Development Massachusetts Multifamily Northeast

CC&F, Equity Residential to Develop 440-Unit Multifamily Project in Metro Boston

by Taylor Williams May 7, 2024

WAKEFIELD, MASS. — A joint venture between locally based developer Cabot Cabot & Forbes (CC&F) and Equity Residential (NYSE: EQR) will develop 200 Quannapowitt, a 440-unit multifamily project in the northern Boston suburb of Wakefield. The property will offer one-, two- and three-bedroom units, 18 percent of which will be reserved as affordable housing. Amenities will include a pool, fitness center, clubhouse, outdoor grilling and dining stations, coworking space and nature trails. Brett Paulsrud, Andrew Gray and Mike Shepard of JLL structured the joint venture between the two firms.

May 7, 2024

Newer Posts

Older Posts