Development

Nasser Freres Nears Completion of 29-Story Apartment Tower in Jersey City

by Taylor Williams January 12, 2026

JERSEY CITY, N.J. — Developer Nasser Freres is nearing completion of The Greyson, a 29-story apartment tower in the Journal Square neighborhood of Jersey City. Designed by Handel Architects, The Greyson will have 622 apartments, approximately 45,000 square feet of office space and ground-floor retail space. Apartments will come in studio, one-, two- and three-bedroom floor plans. Amenities will include a relaxation zone and spa, an art gallery and studio, children’s playroom, karaoke room, pet spa, bowling alley, screening room, game lounge, speakeasy, VR sports room with arcade games and a catering kitchen. Residents will also have access to a coworking space with a lounge, private work pods and conference rooms, as well as a fitness center, coffee bar, podcast/TikTok room and a party lounge. Construction began in summer 2024, and leasing will commence in February.

January 12, 2026

Affordable Housing Development Loans Multifamily New York Northeast Walker & Dunlop

Walker & Dunlop Arranges $19.1M in Financing for Bronx Affordable Housing Project

by Taylor Williams January 9, 2026

NEW YORK CITY — Walker & Dunlop has arranged $19.1 million in financing for Melrose Concourse, a proposed 72-unit affordable housing project in The Bronx. The financing comprises a $6.3 million permanent loan commitment from Freddie Mac and a $12.8 million equity investment. Melrose Concourse will consist of a four-story building with eight units, a nine-story building with 34 apartments and a 10-story building with 30 residences. All units will be reserved for renters earning between 30 and 70 percent of the area median income, and 23 units will be set aside for seniors. John Gilmore and Ethan Waite of Walker & Dunlop led the debt financing process, and the firm’s Diego Benites and Ricky Figueroa led the equity placement efforts. The developer is a joint venture between Settlement Housing Fund and the Beechwood Organization.

January 9, 2026

Development Florida Industrial Southeast

PCCP, Venture One to Develop 748,000 SF Industrial Park in Orlando

by Abby Cox January 9, 2026

ORLANDO, FLA. — A joint venture between PCCP and Venture One Real Estate will develop Venture Park II and III, a two-building industrial park located at 7895 Monument Parkway in Orlando. Construction on the 748,000-square-foot project will begin immediately, with completion anticipated for spring 2027. David Murphy, Monica Wonus and Gabby Gissy of CBRE will handle leasing efforts for the property. Spanning approximately 60 acres, the development will include a 340,000-square-foot rear-load facility and a 408,000-square-foot cross-dock facility. Both buildings will feature 40-foot clear heights and will be able to accommodate several tenants.

January 9, 2026

Affordable Housing Development Georgia Multifamily Southeast

McShane Construction Completes 212-Unit Mixed-Income Apartment Community in Atlanta

by Abby Cox January 9, 2026

ATLANTA — McShane Construction Co. has completed Ashley Scholars Landing II, a mixed-income apartment complex located in Atlanta. Designed by JHP Architecture, the three- and four-story complex is situated within the larger master-planned community of Ashley Scholars Landing. The Integral Group was the developer. Ashley Scholars Landing II offers 212 affordable housing and market-rate apartments, as well as a swimming pool with cabanas, a clubroom, fitness center, activity space, micro-offices and a walking park, as well as 254 parking spaces. The property is located near the Atlanta University Center Consortium (AUC), a consortium of four historically black colleges and universities (HBCUs) including Morehouse College and Spelman College.

January 9, 2026

Development New York Northeast Office Top Stories

Partnership Invests $150M to Redevelop 1540 Broadway Office Tower in Midtown Manhattan

by Abby Cox January 9, 2026

NEW YORK CITY — A partnership between GFP Real Estate and BDT & MSD Partners has invested $150 million to redevelop 1540 Broadway, a 907,000-square-foot office tower in the Times Square area of Midtown Manhattan. The transformation is intended to reframe the original tower, which was completed in 1990 and designed by Skidmore, Owings & Merrill. Renovations are expected to be complete by late 2026. “Our shared vision is to create a workplace that is purposeful, well-crafted and thoughtfully executed, raising expectations for what defines a leading New York City office tower,” says Brian Steinwurtzel, co-CEO and principal of GFP Real Estate. “This is a full reintroduction of the building.” Affiliates of Apollo (NYSE: APO) will provide financing for the project, while GFP Real Estate will oversee operations with BDT & MSD. JLL will serve as the leasing agent for the building. Designed by Fogarty Finger, the renovation will feature extensive interior improvements and the inclusion of more than 45,000 square feet of amenities across two levels of the building. A 27,000-square-foot “amenity hub,” located on the eighth floor, will comprise upgraded wellness facilities, a reimagined fitness center, new locker rooms, a dedicated recovery and movement zone and enhanced communal areas. …

January 9, 2026

Development Multifamily Texas

Read King, Wayfinder Underway on 368-Unit Multifamily Project in Richmond, Texas

by Taylor Williams January 8, 2026

RICHMOND, TEXAS — A joint venture between local developer Read King and Austin-based Wayfinder Real Estate is underway on construction of a 368-unit multifamily project in Richmond, a southwestern suburb of Houston. Known as Verbena at Waterview, the project encompasses 14 acres within the Waterview Town Center mixed-use development. Units will come in studio, one-, two- and three-bedroom floor plans and will range in size from 641 to 1,349 square feet. Amenities will include a pool, fitness center, pickleball court, two dog parks, putting green, game room and a library with coworking space. Meeks + Partners is the project architect, and OHT Partners is the general contractor. Vertical construction has commenced, and full completion is slated for summer 2027.

January 8, 2026

Acquisitions Development Industrial Texas

Koontz Corp. Sells 25.6-Acre Industrial Development Site in South San Antonio

by Taylor Williams January 8, 2026

SAN ANTONIO — Locally based developer Koontz Corp. has sold a 25.6-acre industrial development site that is located within the 188-acre Frontera mega-site on the south side of San Antonio. The buyer, an affiliate of Builders FirstSource, plans to develop a manufacturing facility on the parcel to support construction activity throughout the region. Partners Real Estate represented Koontz Corp. in the transaction. Llano Realty Partners represented Builders FirstSource.

January 8, 2026

Development Florida Hospitality Loans Mixed-Use Multifamily Office Southeast

Bayview PACE Provides $200M C-PACE Financing for Mixed-Use Tower in Downtown Miami

by John Nelson January 8, 2026

MIAMI — Bayview PACE, a division of Bayview Commercial Mortgage Finance, has provided $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use tower underway at 555. N. Miami Ave. in downtown Miami. The borrower, Okan Group, and its construction affiliate Okan Construction recently reached the 40th floor of the tower’s build-out. The tower will rise 903 feet upon completion in 2028, making it the second tallest building in Florida. The C-PACE financing completes the capital stack for the new skyscraper, according to Bayview PACE. Other capital sources were not released. Designed by Behar Font & Partners, Okan Tower will feature four levels of offices totaling 56,000 square feet; an onsite parking garage totaling 429 spaces; a five-star, Hilton-branded hotel totaling 316 rooms; 236 condo-hotel units managed by Hilton; and Sky Residences, 163 for-sale condominiums that will occupy the tower’s uppermost floors.

January 8, 2026

Development Loans New York Northeast

Partnership Receives $126M in Financing for Buffalo Affordable Housing Property

by Taylor Williams January 8, 2026

BUFFALO, N.Y. — A partnership between Brookyln-based BFC Partners and local redevelopment organization Buffalo’s Black Billion/St. John Fruit Belt CDC has received $126 million in financing for the revitalization of Towne Garden Apartments. The 360-unit affordable housing property is located in Buffalo’s historic East Side district. The financing includes a $38.7 million subsidy from New York State Homes and Community Renewal (HCR) and a state Low-Income Housing Tax Credit allocation from HCR that will generate $15 million in equity, as well as state and federal historic tax credits. The rehabilitation will bring modern finishes, appliances and systems to residential units, as well as upgrade various utility, security and mechanical systems. The project team also plans to enhance the property’s landscaping and parking and add new amenities, including playgrounds, fitness stations, laundry rooms and a walking track.

January 8, 2026

Connecticut Development Hospitality Loans Multifamily Northeast

Knighthead Funding Provides $48M Loan for Acquisition, Conversion of Stamford Hotel

by Taylor Williams January 8, 2026

STAMFORD, CONN. — Knighthead Funding has provided a $48 million loan for the acquisition and partial conversion of the 508-room Marriott Stamford hotel in southern coastal Connecticut. The sponsor, Clearview Hotel Capital, will use a portion of the proceeds to convert one of the hotel’s two towers, which were built in 1975 and 1985, into a residential complex with studio, one- and two-bedroom units. The other tower will be renovated and relaunched as a modernized hotel. Tyler Dumon, Christopher Kramer, Daniel Fromm, Ricky Braha, Jordan Roeschlaub and Nick Scribani of Newmark arranged the debt.

January 8, 2026

Newer Posts

Older Posts