BATON ROUGE, LA. — Atlanta-based multifamily investment firm Audubon is redeveloping Fairway View Apartments, a 446-unit complex in the Westdale Heights neighborhood of Baton Rouge. The complex, which Audubon is rebranding as Palmer Club Apartments, is undergoing renovations, including the addition of a fitness center and a centralized mail handling system. Each apartment will receive approximately $8,000 to $10,000 in capital improvements. Palmer Club offers one-, two- and three-bedroom units with rents ranging from $775 to $1,400.
Jefferson Apartment Group Begins Leasing 350-Unit Property in Charlotte’s Optimist Park Neighborhood
CHARLOTTE, N.C. — Regional multifamily developer Jefferson Apartment Group (JAG) has begun leasing J Optimist Park, a six-story, 350-unit apartment building located outside of downtown Charlotte in the city’s Optimist Park neighborhood. The building offers one- and two-bedroom units that range in size from 523 and 1,197 square feet. Monthly rental rates at J Optimist Park range from $1,280 to $2,230, according to Apartments.com. Amenities include a pool, outdoor yoga lawn, bike storage and 467 resident parking spaces. United Bank provided construction financing for the project.
NEW TOWN, N.D. — Kraus-Anderson has completed a $100 million, 146,200-square-foot renovation and addition at 4 Bears Casino & Lodge, which is located on the western shore of Lake Sakakawea in New Town. Kraus-Anderson demolished the former two-story hotel and remodeled the existing casino, adding a seven-story, 108,000-square-foot hotel tower with 90 guest rooms. The total room count is now 264. Renovations included extending the existing gaming area and remodeling the 20,271-square-foot restaurant into a sports bar with a dining room and gaming stations. New construction includes a seventh-floor, 2,500-square-foot ballroom, meeting rooms and a fine dining steakhouse. Additions include a new Sakakawea Spa with couples’ massage, a gift shop, fitness room and a hair and nail salon. The project team included Wenaha Group, a Native-owned owner’s representative firm and TBE Architects, a St. Louis-based, Native American-founded design firm. Construction of the new hotel tower began in June 2023.
BELLWOOD, ILL. — Ryan Cos. US Inc., in joint venture with Washington Capital Management Inc., has broken ground on a 190,000-square-foot speculative industrial facility in Bellwood, about 13 miles west of Chicago’s downtown Loop. The project is on the 13-acre site of the former SureBuilt building. The facility will feature a clear height of 32 feet and immediate access to several interstates as well as proximity to the Chicago O’Hare airport. The flexible design will accommodate uses from warehousing and distribution to light manufacturing. Ryan is the developer and builder. Completion is slated for spring 2027.
LONGVIEW, TEXAS — Extended Stay America has opened a 104-room hotel in Longview, about 110 miles east of Dallas. Extended Stay America Select Suites – Longview features suites with fully equipped kitchens, including full-size refrigerators, stovetop microwaves and cookware, as well as dedicated work and dining areas. Amenities include a pool, outdoor grilling and dining stations and onsite laundry facilities. CenterPoint Hospitality owns the hotel.
ARLINGTON, TEXAS — StreetLights Residential has begun leasing The Linden Townhomes, a 68-unit complex in Arlington. The property is located within the 2,000-acre Viridian master-planned development, and units come in two-bedroom formats and offer private yards and two-car garages. Amenities include a central pool and green space, as well as a library, coworking space and a clubhouse with a game room and event kitchen. Rents start at $3,475 per month.
POUGHKEEPSIE, N.Y. — A partnership between Mega Development Group, Ametrine Group and social services provider Mental Health America of Dutchess County has broken ground on Wallace Campus, a $147 million affordable housing redevelopment project in Poughkeepsie, located north of New York City. An adaptive reuse of the site of the former Wallace Department Store, the property will offer 187 units in studio, one-, two- and three-bedroom floor plans that will be reserved for households earning 80 percent or less of the area median income. In addition, the development will have 30 supportive housing units and 22,000 square feet of commercial space. Social services will include home health care management, community education and family support and advocacy. The amenity package will comprise a game room, fitness center, movie screening room, coworking space and a study hall. Financing for the project is supported by New York State Homes & Community Renewal’s federal tax credit program, which is expected to generate $46 million in equity, as well as a range of other public subsidies.
TUSCALOOSA, ALA. — Travel + Leisure Co., a vacation ownership and membership travel company, has broken ground on the $150 million Sports Illustrated Resort near the University of Alabama in Tuscaloosa. Slated to open in 2028, the planned mixed-use resort will feature a six-story tower with 75 hotel-managed condominiums and a six-story tower with 86 vacation ownership units, which will be connected by a central lobby. Owners and guests will have access to a lounge with stadium-style seating for watch parties, as well as a fitness center and pool deck amenities. The development will include retail and public-facing gathering spaces, including indoor/outdoor bars, a game lounge and a coffee bar. Plans also include a broadcast booth and rooftop terrace event space. Upon completion, the development will become the first ground-up collegiate Sports Illustrated Resort in the country, and will join previously announced projects in Baton Rouge, Nashville and Chicago. Travel + Leisure Co. operates, develops and manages the Sports Illustrated Resorts brand and its vacation club under a license from Authentic Brands Group, the owner of the Sports Illustrated name.
EAST PEORIA, ILL. — Flaherty & Collins Properties has opened Phase I of Blutowne in East Peoria. The 219-unit, $66 million luxury apartment project includes studio, one- and two-bedroom residences along with 10,000 square feet of ground-floor retail space. Amenities include a heated saltwater pool, fitness center and rooftop sky lounge. Flaherty & Collins is preparing for Phase II, which will add 262 luxury apartment units and 12,000 square feet of retail space.
CEDARBURG, WIS. — Elm Grove, Wis.-based Luther Group has broken ground on an 86,800-square-foot spec industrial building in southeast Wisconsin’s Cedarburg. The project will be situated on 8 acres within Highway 60 Business Park, and flexible leasing options will be offered ranging from 15,000 to 86,800 square feet. Completion is slated for December 2026. Colliers is handling leasing.