JERSEY CITY, N.J. — BHI, the U.S. division of Israel’s Bank Hapoalim, has provided a $35 million construction loan for a 202-unit multifamily project in Jersey City. The development at 277-301 West Side Avenue will be a six-story building that will house 42 studios, 119 one-bedroom units, 32 two-bedroom apartments and nine three-bedroom residences. Ten percent of the units will be reserved as affordable housing, and the building will also feature 5,800 square feet of commercial space. Amenities will include a pool, fitness center, sauna, meditation room, rooftop terrace and outdoor grilling and dining stations. The borrower is Tay Investments.
BOSTON — A partnership between nonprofit developer The Community Builders and social services provider Pine Street Inn has completed The Lyndia, a 202-unit affordable housing project in Boston’s Jamaica Plain neighborhood. Designed by Boston-based RODE Architects, The Lyndia offers 140 units for formerly homeless individuals and 62 income-restricted units, as well as 13,000 square feet of community space. Residents will have access to resources like medical and mental healthcare, vocational and volunteer opportunities.
WESTFIELD, N.J. — A partnership between two New Jersey-based firms, Premier Development and Garden Communities, has begun leasing Parkside at Westfield, a 162-unit apartment complex located about 25 miles southwest of New York City. Designed by BlackBird Group Architects, the garden-style property consists of three buildings that house one-, two- and three-bedroom units that range in size from 985 to 1,944 square feet. Amenities include a fitness center, library, lounge, playground and outdoor grilling and dining stations. Rents start at roughly $3,400 per month for a one-bedroom apartment.
PORT WENTWORTH, GA. — A joint venture between PCCP LLC and Advenir Azora has secured a 28-acre site in Port Wentworth for the ground-up development of a 250-unit build-to-rent (BTR) residential community. Located at 1100 Meinhard Road, the site is less than 10 miles from the Port of Savannah. The community will feature one- and two-bedroom duplexes, two-bedroom cottages and two- and three-bedroom townhomes with an average size of 1,081 square feet. Amenities at the complex will include a 3,000-square-foot clubhouse and leasing center with a conference room, coffee bar and an Olympic-style pool with gazebos and lounge chairs, as well as a 1,460-square-foot fitness center with a turfed exterior. Additionally, there will be shared green spaces that will comprise pocket parks and playgrounds, a pickleball court and walking trails. The first homes are expected to be delivered in June 2026. This project marks PCCP and Advenir Azora’s second joint venture, following the ground-up development of Leo at Wendell in Raleigh, which is slated for completion in December.
FLORENCE, S.C. — The Morgan Cos. will develop a grocery-anchored shopping center in Florence dubbed Palmetto Place. Publix has signed a 47,000-square-foot lease to anchor the project. An additional 18,050 square feet of retail space will be available for use, as well as several outparcels for future retail development. Wes Thurmond and Robey Spratt of Atlantic Retail Properties will serve as the leasing agents for the project. Morgan Cos. will close on the land acquisition for the shopping center in the coming months, with plans to begin construction later this year. Palmetto Place is scheduled to open by late 2026.
Rockefeller Group, Falcon Commercial Break Ground on 557,339 SF Industrial Project in Baytown, Texas
BAYTOWN, TEXAS — A partnership between New York City-based Rockefeller Group and Falcon Commercial Development has broken ground on East Bay Trade Center, a 557,339-square-foot industrial project in the eastern Houston suburb of Baytown. The development will consist of two cross-dock buildings totaling 307,595 square feet and 249,744 square feet on a 39-acre site. Building features will include 36-foot clear heights and a combined 121 dock doors, eight grade-level ramps and parking for 303 cars and 166 trailers. Munson & Associates designed the project, and FCL Builders is serving as the general contractor. Waneck Civil Engineering and Colliers are also part of the project team. Construction is slated for a fourth-quarter completion.
CARNEYS POINT, N.J. — CBRE has arranged the sale of a 707,400-square-foot industrial development site in Carneys Point, located along the Delaware River in Southern New Jersey. Known as Salem Commerce Park, the site is fully approved for the development of three buildings on three separate parcels, and the sale included a 10-acre tract that houses a 78,000-square-foot vacant office building. An affiliate of local developer D2 Organization sold the property to another local entity, EQT Exeter, for an undisclosed price. Brian Fiumara and Brad Ruppel of CBRE brokered the deal.
SPRINGFIELD, MASS. — Inland Private Capital Corp. and Devon Self Storage, which are both part of The Inland Real Estate Group of Cos., have completed a 601-unit self-storage redevelopment project in the western Massachusetts city of Springfield. The project converted a historic former factory building in the downtown area into a facility with three interconnected buildings totaling 59,837 net rentable square feet of climate-controlled space. The facility also features drive-thru unit capability and a 24-hour security system.
PHOENIX — ZOM Living has secured financing for the development of Azola Desert Ridge, a multifamily community in Phoenix. The funding includes a joint venture equity investment from Origin Investments and construction financing totaling $88 million. Located along the Loop 101 Freeway at 56th Street, Azola Desert Ridge will offer 416 apartments spread across four-story buildings in a garden-style multifamily community that is slated to deliver by third-quarter 2026. Azola Desert Ridge will offer one-, two- and three-bedroom units ranging from 730 square feet to 1,533 square feet, a resort-style pool and deck, a fitness center, dog park, pet grooming salon, a glam room, podcast room, individual offices for residents and a self-service market along with lounge areas. Mike Higgins, Asher Gunter, Matt Pesch and Austin Groen of CBRE Multifamily Equity Advising team represented the sponsor to arrange the joint venture equity investment with Origin Investments.
ACWORTH, GA. — A partnership between Novare Group, Batson-Cook Development Co. (BCDC) and PointOne Holdings has completed The Parker, a luxury apartment community in Acworth, approximately 26 miles northwest of Midtown Atlanta. The community totals 330 one-, two- and three-bedroom units, including 20 carriage homes with private garages. Amenities at the property include a resort-style swimming pool and sun deck, fitness center, outdoor entertainment pavilion with grilling stations, clubhouse, coworking spaces, coffee bar and a centralized green space designed for community events and recreation. Monthly rental rates for The Parker begin at $1,499, according to Apartments.com.