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DevelopmentMultifamilySouth CarolinaSoutheast

Woodfield Development Completes 304-Unit Ames Apartment Community in Summerville, South Carolina

by John Nelson

SUMMERVILLE, S.C. — Woodfield Development has completed and opened The Ames, a 304-unit apartment development located at 3800 Zephyr Road in Summerville. Situated within the Nexton master-planned development, the property offers residences in a mix of studio, one-, two- and three-bedroom layouts. Amenities at The Ames include a swimming pool, courtyard, grilling stations and a 1,500-square-foot pool cabana with a bar area. This marks Charleston-based Woodfield’s 17th multifamily delivery in the state.

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DevelopmentFloridaLeasing ActivityMixed-UseOfficeSoutheast

Tom Brady Enterprises Signs 8,415 SF Office Lease at THE WELL Bay Harbor Islands in Miami

by John Nelson

MIAMI — Tom Brady Enterprises (TBE) Capital Management has signed an 8,415-square-foot office lease at THE WELL Bay Harbor Islands, a mixed-use project currently under development in Miami. TBE will relocate its headquarters to a 113,000-square-foot office building located at 1177 Kane Concourse within the development. Scheduled to open in 2025, the office building is currently 35 percent preleased. Blanca Commercial Real Estate, which serves as the leasing agent for THE WELL Bay Harbor, represented the landlord, Terra, in the lease negotiations. Colliers and Current Real Estate Advisors represented TBE. Upon completion, THE WELL Bay Harbor will also feature an eight-story condominium building, more than 22,000 square feet of amenities and a restaurant. Tom Brady Enterprises manages all business ventures of retired football player Tom Brady, including his portfolio of brands, which includes sportwear company BRADY Brands, wellness brand TB12, production company Religion of Sports and Autograph, which is dedicated to fan engagement. Brady played in the NFL for 23 seasons and won seven Super Bowls, six with the New England Patriots.

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Cypress-Creek-Apartment-Homes-at-Montfort-Drive
DevelopmentMultifamilyTexas

Hunt Capital Partners Arranges $20M in LIHTC Financing for Mixed-Income Housing Project in Dallas

by Taylor Williams

DALLAS — Hunt Capital Partners has arranged $20 million in Low-Income Housing Tax Credit (LIHTC) financing for Cypress Creek Apartment Homes at Montfort Drive, a 168-unit mixed-income housing project in Dallas. The unit mix will consist of 92 one-bedroom apartments, 64 two-bedroom residences and 12 three-bedroom units. About 70 percent (116) of the units will be reserved for households earning between 30 and 80 percent of the area median income, with the remainder to be rented at market rates. Residents will have access to services such as weekly exercise classes, monthly food banks, tax preparation assistance and annual health fairs. The developer is a partnership between Bonner Carrington and Sycamore Strategies.

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The-Monarch-Queens
DevelopmentMultifamilyNew YorkNortheast

BRP Cos. Completes 605-Unit Multifamily Project in Queens

by Taylor Williams

NEW YORK CITY — Locally based developer BRP Cos. has completed The Monarch, a 605-unit multifamily project in the Jamaica area of Queens. The building rises 25 stories and spans 542,000 square feet. In addition to 14,000 square feet of retail space, The Monarch houses 498 one-bedroom apartments and 107-two bedroom residences, with 182 units reserved for households earning between 80 and 130 percent of the area median income. Residences are furnished with individual washers and dryers, stainless steel appliances and floor-to-ceiling windows. Amenities include indoor basketball and pickleball courts, a golf simulator, fitness center with a yoga studio, resident lounge, conference room, children’s playroom, dog run, sky lounge and multiple outdoor terraces including an amphitheater. Construction began in January 2021. Rents start at $2,330 per month for a one-bedroom apartment.

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1400-Long-Beach-Blvd-Long-Beach-CA
Affordable HousingCaliforniaDevelopmentMultifamilyWestern

Meta Housing Breaks Ground on 163-Unit Affordable Community in Long Beach, California

by Amy Works

LONG BEACH, CALIF. — Los Angeles-based Meta Housing Corp., in partnership with Foundation for Affordable Housing, has broken ground on 1400 Long Beach, an affordable housing community in Long Beach, a suburb south of Los Angeles. Located at 1400 Long Beach Blvd., the development will be a six-story residential building offering 163 one-, two- and three-bedroom units. Onsite amenities will include a community room, technology hub and private courtyard. The project will offer housing for low- and moderate-income family households earning between 30 percent and 70 percent of the area median income. Project partners include Foundation for Affordable Housing, California Housing Finance Agency, Bank of America, Century Housing Corp., California Tax Credit Allocation Committee and California Debt Limit Allocation Committee.

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DevelopmentIndustrialMidwestOhioRetailSelf-Storage

U-Haul Repurposes Abandoned Retail Lot into New Store in Warren, Ohio

by Kristin Harlow

WARREN, OHIO — U-Haul has repurposed a 7.8-acre retail lot formerly home to a Chase bank and Tops Friendly Market grocery store in Warren, about 50 miles southeast of Cleveland. U-Haul Moving & Storage of Warren North, located at 3394 Elm Road NE, is currently serving customers out of a temporary retail showroom and is scheduled to complete renovations by summer 2025. Services immediately available include moving truck rentals, trailers, towing devices, boxes and moving supplies. Plans call for the addition of 1,000 indoor climate-controlled self-storage units with high-tech security features. The 69,000-square-foot complex will host a warehouse space that can store up to 500 U-Box portable moving and storage containers. Once renovations are finished, the store will also offer services such as professional hitch installation and propane.

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DevelopmentMidwestRetailWisconsin

Principle Construction Completes 12,560 SF Retail Showroom for Doheny’s in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — Principle Construction has completed a new 12,560-square-foot showroom and outdoor pool park for Doheny’s, a pool and spa distributor, at 5307 Green Bay Road in Kenosha. Doheny’s purchased the property, which is down the block from its original location. Principle updated the interior and exterior image of the building and designed and constructed an outdoor pool display. The building totals 17,275 square feet, including the 12,560-square-foot showroom, 3,370 square feet of warehouse space and 920 square feet of office space. Constructed in 1990 and renovated in 2003, the facility needed several updates to bring it to modern standards, according to Principle. On the exterior, Principle re-built the parking lot and created a pool park with space to display six full-size pools. Partners in Design was the project architect.

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125-W.-57th-St.
DevelopmentNew YorkNortheastOfficeRetail

Partnership Begins Leasing 260,000 SF Office, Retail Project in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — A partnership between developers Alchemy-ABR Investment Partners and Cain International has begun leasing a 260,000-square-foot speculative office and retail project located at 125 W. 57th St. in Midtown Manhattan. Designed by FXCollaborative, the 30-story building houses 180,000 square feet of office space starting on the 14th floor, with an average of 10,300 square feet of rentable space per floor. Most suites will have access to private terraces. Gensler designed the office amenity deck, which includes a conference center, tenant lounge, event space with catering facilities and private meeting rooms. Office tenant build-outs are scheduled to begin this fall, and the development team expects move-ins to begin during the first quarter of 2025. JLL is the leasing agent.

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Affordable HousingDevelopmentMultifamilyNortheastPennsylvania

Tryko Partners Completes 46-Unit Affordable Housing Project in Pittsburgh

by Taylor Williams

PITTSBURGH — New Jersey-based Tryko Partners has completed Cedarwood Homes, an age-restricted affordable housing project located at the site of the former Fairywood School in Pittsburgh. The majority (39) of the property’s 46 one-bedroom units are reserved for renters earning 60 percent or less of the area median income. Merchants Capital provided $11 million in financing for Cedarwood Homes, and The Pennsylvania Housing Finance Agency awarded 9 percent Low-Income Housing Tax Credits to the developer to fund the project. Construction began last summer, and leasing commenced in February.

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DevelopmentHospitalityLeasing ActivityMixed-UseNorth CarolinaOfficeSoutheast

Fenton Developers to Add New Tribute Hotel, Sign Office Tenants at 92-Acre Mixed-Use Campus in Metro Raleigh

by John Nelson

CARY, N.C. — The development team behind the 92-acre Fenton mixed-use development in Cary, which includes Hines, Columbia Development and Affinius Capital, has announced a new 186-room hotel coming to the development. The master developers are bringing on Mainsail Lodging & Development and Ross Hotel Partners to co-develop the seven-story hotel, with Mainsail also signed on to operate the property upon completion. The developers will break ground in first-quarter 2025 and open the hotel in first-quarter 2027. Designed by BRPH, the hotel will be a member of the Tribute Portfolio Hotels by Marriott International family of brands and will feature a second-floor signature restaurant and bar; a lobby bar and coffee shop; 6,000 square feet of event space spanning six meeting rooms; a ballroom to accommodate groups up to 300 people; and a 1,500-square-foot culinary studio for cooking demonstrations and ticketed experiences. Other amenities will include a fitness center and an outdoor heated pool with an expanded sundeck. Additionally, the master developers have signed office leases with two new tenants. The deals include a nearly 17,000-square-foot lease with Burns & McDonnell, an engineering, construction and architecture firm, and an approximately 4,400-square-foot lease with Surety Systems, an enterprise resource planning, human …

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