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The-Casey-at-Frisco-Station
DevelopmentMultifamilyTexas

Hillwood Completes 300-Unit Casey at Frisco Station Apartments in Metro Dallas

by Taylor Williams

FRISCO, TEXAS — Hillwood has completed The Casey at Frisco Station, a 300-unit multifamily project located on the northern outskirts of Dallas. Designed by JHP Architecture, the five-story building is Hillwood’s third multifamily project within the 242-acre Frisco Station mixed-use development and follows The Cadence at Frisco Station, which opened in September 2021. Units come in studio, one- and two-bedroom floor plans, range in size from 513 to 1,375 square feet and feature built-in desks, stainless steel appliances, walk-in closets and private patios/balconies. Amenities include a coworking lounge with private offices and conference facilities, pool, fitness center and a library. Rents start at roughly $1,600 per month for a studio apartment.

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DevelopmentMultifamilyNew HampshireNortheast

North & South Construction Completes 35-Unit Multifamily Project in Manchester, New Hampshire

by Taylor Williams

MANCHESTER, N.H. — Developer and general contractor North & South Construction Services has completed Signature on Elm, a 35-unit multifamily project in Manchester, located near the Massachusetts-New Hampshire border. Signature on Elm houses studio, one- and two-bedroom units, with 15 residences being earmarked as workforce housing, as well as 8,000 square feet of retail space. Rents for market-rate units start at $1,500 per month for a studio apartment. North & South developed the project in partnership with the Strafford Economic Development Corp.

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DevelopmentFloridaMixed-UseMultifamilyRetailSoutheastTop Stories

Terra, Grass River Property Complete Grove Central Mixed-Use Development in Miami

by John Nelson

MIAMI — Terra and Grass River Property, two Miami-based development firms, have completed construction of Grove Central, a transit-oriented, mixed-use development in Miami’s Coconut Grove neighborhood. The property comprises a 23-story apartment tower, 1,250-space public parking garage and 170,000 square feet of retail space leased to tenants including Target and Sprouts Farmers Market. Grove Central is a public-private partnership between the co-developers and Miami-Dade County, which owns the land. The development is located at the intersection of US Highway 1 and SW 27th Avenue and connects to the adjacent Coconut Grove Metrorail Station. The project interfaces directly with The Underline, a 10-mile linear park that stretches from the Dadeland South Metrorail Station to the Miami River in downtown’s Brickell district, as well as Miami-Dade County’s bus system and the City of Miami’s trolley network. According to Terra and Grass River Property, Grove Central generated more than 1,600 construction jobs during its development and nearly 500 permanent full-time and part-time positions. The project has also spurred tens of millions of dollars in lease revenue to Miami-Dade County, which can collect property tax revenues for the first time in the site’s history. “Grove Central is an exciting milestone and a shining example …

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Zachary Richards adaptive reuse quote Bohler
BohlerContent PartnerDevelopmentFeaturesMidwestMultifamilyNortheastOfficeRetailSoutheastWestern

Adaptive Reuse Developers Repurpose Antiquated Real Estate to Benefit Contemporary Consumers

by Sarah Daniels

Commercial property conversions can offer significant advantages over conventional ground-up real estate developments. Conversions can provide a head start on construction with established entitlements, existing structures, in-place utilities and entry to choice locations in otherwise built-out submarkets. Consider the Universal Buildings, Post Brothers’ conversion of two 1960s-era office buildings into more than 600 residential units and ground-floor retail just north of the District of Columbia’s Dupont Circle. The 15-story complex will feature a two-level, glass-walled fitness and recovery center with more than 10,000 square feet of training zones, equipment and classrooms. The developer is housing the fitness center and other amenities in a new atrium that replaces the upper levels of structured parking originally built within one of the former office buildings. “The location is incredible — there is probably no greater location in any major city in the country for conversion,” says Josh Guelbart, Post Brothers’ Co-Chief Operating Officer. “Having the entire block means we have light, air and hilltop views of Kalorama, Adams Morgan and Dupont Circle, three of the finest residential neighborhoods in the District. There isn’t room for new buildings of scale in those neighborhoods, and that really made this existing, large building attractive to us.” …

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DevelopmentMississippiSoutheastStudent Housing

Mississippi State University Begins $80M Residence Hall Development

by John Nelson

STARKVILLE, MISS. — Mississippi State University has announced plans for an $80 million residence hall development on its campus in Starkville. The five-story project will span 155,000 square feet and offer 400 beds. The development is also set to include a dining hall, offices, a storm shelter and shared amenity spaces. The development team for the project includes Roy Anderson Corp. and Wier Boerner Allin Architecture. Construction is expected to begin in February with completion scheduled for spring 2025.

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DevelopmentFloridaMultifamilySoutheast

Altman Cos. Delivers 318-Unit Altís Blue Lake Multifamily Community in South Florida

by John Nelson

LAKE WORTH, FLA. — The Altman Cos. has opened Altís Blue Lake, a 318-unit apartment community in Lake Worth, roughly 40 miles outside of Fort Lauderdale. Located on Jog Road, the property comprises residences in one-, two- and three-bedroom layouts. The community’s 6,000-square-foot clubhouse features a heated swimming pool with cabanas, grilling stations and a pavilion. Amenities at the community also include a 24-hour fitness center, cyber café, a private conference room, game room, wellness treatment room, dog spa, multi-purpose trail and a pet park. Monthly rental rates at the community begin at $2,110, according to the property website.

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DevelopmentFloridaSelf-StorageSoutheast

Go Store It Opens 530-Unit Self-Storage Facility in Pensacola, Florida

by John Nelson

PENSACOLA, FLA. — Go Store It Self Storage, an affiliate of Madison Capital Group, has opened a new, 530-unit self-storage facility at 3670 N. L St. in Pensacola. Totaling 530 units, the property features climate control, as well as recorded video surveillance and keypad access for security. BenCo Construction completed the project, an adaptive reuse of a former office building, on behalf of Go Store It. Monthly rental rates at the property begin at $36, according to the facility website.

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DevelopmentLoansMultifamilyNorth CarolinaSoutheast

Urban Standard Capital Provides $8M Construction Financing for Apartment Development in Durham

by John Nelson

DURHAM, N.C. — Urban Standard Capital has provided an $8 million loan to finance the construction of 555 Abranova, an apartment development in Durham, near the city’s downtown and Research Triangle Park. Abranova Real Estate is the borrower and developer. Upon completion, the property will feature 48,000 square feet of residential space across 37 units, with 5,000 square feet and 1,500 square feet of coworking and retail space, respectively. Other amenities will include a gym, yoga studio, outdoor terrace with grills and a communal lounge. Residents will also have access to the basketball court, dog park and walking paths within the developer’s adjacent townhome project. Site work has been completed at 555 Abranova, and completion is expected for either the fourth quarter of this year or the first quarter of 2025.

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The-Luminary-Austin
DevelopmentMultifamilyTexas

Northland Living Unveils Plans for 35-Story Downtown Austin Multifamily Tower

by Taylor Williams

AUSTIN, TEXAS — Canadian developer Northland Living has unveiled plans for Luminary, a 35-story multifamily tower that will be located at the northwest corner of 14th and Guadalupe streets in downtown Austin. Designed by Page Southerland Page, Luminary will feature 286 condos in one-, two- and three-bedroom floor plans, 4,800 square feet of retail space, one floor of office space and a six-story parking garage. The Luminary will also offer a pool, fitness center and other indoor and outdoor amenities. A construction timeline was not disclosed.

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Build-to-RentDevelopmentSingle-Family RentalTexas

Capital Square Nears Completion of 195-Unit Build-to-Rent Residential Project in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Virginia-based Capital Square is nearing completion of a 195-unit build-to-rent residential project in the North Texas city of Denton. Perch Denton will sit on 18 acres and feature a mix of one-, two- and three-bedroom homes with an average size of 1,005 square feet. Amenities will include a pool, fitness center, business center, dog park, pavilion and a pickleball court. Capital Square is co-developing Perch Denton with Good + West Residential and Montgomery Street Partners. Full delivery is slated for the end of the first quarter.

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