AUGUSTA, GA. — GF Casting Solutions AG, a manufacturer of lightweight metal components for the transportation and energy industries, has selected Augusta as the site for a new plant. The company, a division of Swiss company Georg Fischer AG, will invest more than $184 million into the new facility. GF Casting’s LEED-certified facility will be situated within Augusta Corporate Park, a Georgia Ready for Accelerated Development site, and will produce cast-aluminum parts for the automotive industry. Operations are expected to begin in 2027 and create 350 new jobs for Richmond County. Civic and utility partners on the project include Georgia Power, the Georgia Department of Economic Development Global Commerce, Augusta Economic Development Authority, State of Georgia Europe Office and Georgia Quick Start.
CHARLOTTE, N.C. — Alliance Residential Co. has opened Prose McCullough Station, a 279-unit apartment community located at 8424 N. Tyron St. in Charlotte’s University City neighborhood. The property is the second Prose-branded community to open in Charlotte and the third in North Carolina. Designed by architect Cline Design, Prose McCullough Station features one-bedroom layouts ranging in size from 663 to 854 square feet and two-bedroom layouts ranging from 950 to 1,206 square feet. Monthly rental rates start at $1,275, according to the property website. Amenities include a business center with private offices, fitness center featuring cardio and strength-training equipment, resident clubroom with an entertainment kitchen and an outdoor courtyard featuring a resort-style pool, grilling stations and a cabana with a TV and lounge seating. The community also features package lockers and a fenced pet park.
EAST BRUNSWICK, N.J. — New Jersey-based developer Garden Communities has completed One Legacy Place, a multifamily project located in the Northern New Jersey community of East Brunswick. One Legacy Place is the signature building within the larger, 520-unit Legacy Place development. The property features studio, one-, two- and three-bedroom units across two buildings with garage parking and 18,000 square feet of retail space, all on a 25-acre site. Amenities include a pool, outdoor grilling and dining areas, a coworking lounge, fitness center, dog park and walking trails. Leasing began in November. Rents start at $2,540 per month for a one-bedroom apartment.
TAMPA, FLA. — ZOM Living and capital partner MetLife Investment Management have obtained $63 million in construction financing for MetWest Residential, an eight-story, 375-unit apartment development in Tampa’s Westshore District. The direct lender was not disclosed, but public records show the lender is TD Bank. The property will be situated on a northwest parcel within the 30-acre MetWest International mixed-use development, which features 1 million square feet of offices, a 175-room AC Hotel by Marriott and a 56,000-square-foot retail village. Designed by Memphis-based Looney Ricks Kiss, MetWest Residential will feature a mix of studio, one-, two- and three-bedroom apartments ranging in size from 576 to 1,601 square feet. Amenities will include an elevated resort-style pool with an outdoor deck and aqua lounge; a courtyard with a canopy and fire pit; fitness center; coworking and conference spaces for residents working from home; a dog park; speakeasy lounge concept on the eighth floor; 3,000 square feet of retail space; and a six-story parking garage. ZOM Living and MetLife Investment Management plan to deliver the property in summer 2026.
COLUMBIA, S.C. — Walker & Dunlop has arranged $62 million in debt and equity financing for the construction of Burnside Farms Apartments, a new 308-unit multifamily development in Columbia. The borrowers, South Coast Property Investments and Abacus Capital, plan to break ground in June. Jamie Butler, Cliff Ayers, Michael Bowles and Jason McFadden of Walker & Dunlop arranged the non-recourse financing on behalf of the borrowers. The apartment community will feature a mix of market-rate and affordable housing units. The property will be situated at the intersection of Cliff Kinder and Pineview roads within the larger Burnside Farms master-planned community.
ATLANTA — SHR Resi, a wholly owned subsidiary of local development firm Songy Highroads, has delivered The Howell, a 212-unit luxury apartment community in Atlanta’s Upper Westside neighborhood. Situated off the I-75 exit along Howell Mill Road, The Howell features a mix of one-, two- and three-bedroom apartments with 9- to 12-foot ceilings and open floor plans. Monthly rental rates start at $1,890, according to Apartments.com. Amenities include an open-air lounge on the seventh floor, 3,500 square feet of ground-level retail space, coworking space, a resort-style pool and pool deck, clubhouse, pet run and pet spa, fitness center and a gated and covered parking garage. Gables Residential is managing The Howell on behalf of SHR Resi.
CONWAY, ARK. — Ti Cold plans to develop a build-to-suit cold storage facility in Conway for Central Cold Solutions. The 125,000-square-foot property will feature 50-foot clear heights, structural steel pallet racks and the ability to regulate temperatures ranging from 40 to minus-20 degrees Fahrenheit. Central Cold Solutions aims to support food wholesalers, retailer and food manufacturing customers in Central Arkansas through this facility. The construction timeline for the project was not disclosed. Brad Lacy of the Conway Area Chamber of Commerce assisted in the site selection.
FORT WORTH, TEXAS — Hillwood will develop Alliance Westport 14, a 766,994-square-foot industrial project that will be located within the 27,000-acre AllianceTexas master-planned community in North Fort Worth. Alliance Westport 14 will feature 40-foot clear heights, 185-foot truck court depths and parking for 306 cars and 196 trailers (expandable to 500 or 312, respectively). GSR Andrade is the project architect, and Hillwood Construction Services is the general contractor. Frost Bank provided construction financing. The groundbreaking is set for June, and completion is slated for the second quarter of 2025.
AUSTIN, TEXAS — Brookfield Residential Properties has completed the 21-acre Skyline Park, located at 7800 Apogee Blvd. in the Easton Park neighborhood of Austin. Skyline Park offers views of downtown Austin, a bridge connection resembling the Pennybacker Bridge, a splash pad, an open lawn and two playgrounds designed to cater to children of a range of age groups. In addition, the park connects to a 13-mile network of walking trails. Project partners included landscape architect TBG, CBD civil engineering, Stanley Studio architects, PKA structural engineers and CMP project management consultants. A grand opening event took place on Saturday, May 4.
LUBBOCK, TEXAS — Indianapolis-based development and investment firm Birge & Held Asset Management and Pedcor Management Corp. have unveiled the $7 million renovation of Cantibury Pointe Apartments, a 144-unit affordable housing complex in the West Texas city of Lubbock. The property offers 74 three-bedroom and 70 four-bedroom townhomes. The project team upgraded the amenity spaces, which include a pool, fitness center, business center and a clubhouse. Specific information on income restrictions was not disclosed.