Tuesday, June 2, 2026
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DevelopmentGeorgiaMultifamilySoutheast

Resia Opens 433-Unit Apartment Community in Metro Atlanta

by John Nelson

DOUGLASVILLE, GA. — Multifamily development and management firm Resia has opened Resia Tributary, a 433-unit apartment community in Douglasville, approximately 20 miles west of Atlanta. Located at 1851 Market St., the property offers studio, one- and two-bedroom apartments across seven five-story buildings. Additionally, the community features a 22,000-square-foot, two-story building comprising 9,000 square feet of retail space and 13 one-bedroom lofts. Monthly rental rates begin at $1,322, according to the property website.

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DevelopmentIndustrialMarylandSoutheast

Knott Realty Group Underway on Two Baltimore Industrial Buildings Totaling 276,000 SF

by John Nelson

BALTIMORE — Knott Realty Group is underway on the development of two industrial buildings totaling 276,000 square feet at 9107 and 9114 Yellow Brick Road in Baltimore. Scheduled for completion in the second quarter of 2025, the properties will comprise 150,492 and 125,791 square feet, respectively, and feature 32-foot ceiling heights, ESFR sprinklers, high-bay LED lighting and a seven-inch concrete slab. 9107 Yellow Brick Road will offer 46 dock doors, two drive-in doors and 226 parking spaces, with 9114 Yellow Brick Road offering 38 dock doors, two drive-in doors and 160 parking spaces. An additional lot will provide the capacity for up to 29 trailer drops. Together, the buildings mark the final phase of Knott’s Yellow Brick Road business community, which will total more than 1 million square feet within nine buildings. The company is managing all marketing and leasing for the properties on an in-house basis.

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DevelopmentIndustrialNew YorkNortheastSelf-Storage

Stuf Storage Opens 180-Unit Self-Storage Facility in Brooklyn

by Taylor Williams

NEW YORK CITY — Stuf Storage has opened a 180-unit self-storage facility in Brooklyn. The facility is located at 485 Clermont Ave. at the nexus of the Clinton Hill and Prospect Heights neighborhoods and consists of 15,000 gross square feet. Units range in size from 12 square feet to 240 square feet. Locally based developer RXR owns the property. Stuf Storage now operates about 30 facilities across seven states.

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Eastline-Grand-Redmond-WA
DevelopmentMultifamilyWashingtonWestern

Joint Venture Completes 311-Unit Eastline Grand Apartments in Redmond, Washington

by Amy Works

REDMOND, WASH. — A joint venture between Legacy Partners and Lionstone Investments has completed the development of Eastline Grand. Located in downtown Redmond, a suburb east of Seattle, the project is the first phase of redevelopment at the Remond Square Shopping Center. Located at 16595 Redmond Way, Eastline Grand features 311 studios, one-, two- and three-bedroom apartments ranging from 483 square feet to 1,279 square feet and 20,000 square feet of ground-floor retail space. The units offer air conditioning; top-of-the-line finishes, including chef-inspired kitchens complete with Bertazzoni and Kitchen Aid appliance packages, gas ranges, kitchen range hoods, microwaves and Carrera quartz countertops; and bathrooms with tiled tub surrounds, floating vanities and illuminated mirrors. At full build out, the redevelopment project will feature 623 residences on 3.5 acres. The developers broke ground in October 2021. Slated for delivery in first-quarter 2025, the second building, Eastline Central, under construction at 16502 Cleveland St., will offer 312 apartments and 13,000 square feet of retail and commercial space.

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DevelopmentMultifamilyNew JerseyNortheast

Woodmont to Undertake 120-Unit Multifamily Redevelopment Project in Haddonfield, New Jersey

by Taylor Williams

HADDONFIELD, N.J. — New Jersey-based developer Woodmont Properties will undertake a multifamily redevelopment project in Haddonfield, about 15 miles east of Philadelphia. The project will convert a portion of the former 8.2-acre site of the Bancroft School into a 120-unit apartment complex. Fifteen percent (18) of the residences will be reserved as affordable housing. A construction timeline has not yet been finalized.

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DevelopmentMidwestMissouriMultifamilySeniors Housing

Shelbourne Nears Completion of 150-Unit Seniors Housing Development in Suburban St. Louis

by Kristin Harlow

CHESTERFIELD, MO. — Shelbourne Healthcare Development Group is nearing completion of The Lumiere of Chesterfield, an upscale senior living community in the St. Louis suburb of Chesterfield. The developer has tapped Tutera Senior Living & Health Care as the operator. The 193,000-square-foot development will offer 150 units, including 96 independent living, 37 assisted living and 17 memory care units.

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DevelopmentMultifamilyNew JerseyNortheast

Garden Communities Nears Completion of 40-Unit Multifamily Project in Edison, New Jersey

by Taylor Williams

EDISON, N.J. — Locally based developer Garden Communities is nearing completion of Millbrook Horizon, a 40-unit multifamily project located in the Central New Jersey community of Edison. Millbrook Horizon comprises three buildings that house one- and two-bedroom units. Two buildings are complete, and the third building will be complete later this summer. Rents start at $2,600 per month for a one-bedroom apartment.

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Affordable HousingDevelopmentMichiganMidwestMultifamily

Woda Cooper Opens 53-Unit Affordable Housing Community in Traverse City, Michigan

by Kristin Harlow

TRAVERSE CITY, MICH. — Woda Cooper Cos. Inc. has opened Annika Place, a 53-unit affordable housing community in Traverse City. The $14.7 million project offers 29 one-bedroom units and 24 two-bedroom units for residents who earn 30 to 80 percent of the area median income. Rental rates range from $377 to $1,125 per month, depending on the income restriction and size of unit. The Traverse City Housing Commission will provide rental assistance for eight units to be occupied by formerly homeless residents. The four-story development features amenities such as a community kitchen, fitness center, rooftop terrace, patio, picnic table, grill, park benches and playground. Annika Place is made possible with funding supported by Low-Income Housing Tax Credits allocated by the Michigan State Housing Development Authority. Affordable housing finance syndicator CREA LLC invested in the credits to provide equity financing. Huntington Bank provided a construction loan and permanent financing. The project honors the memory of U.S. Coast Guardsman Douglas Munro, who lost his life at the Guadalcanal on Sept. 27, 1942, because of heroic measures with his Higgins boat that shielded and saved the lives of 500 Marines. He is the only Coast Guard member to receive the Medal of Honor. …

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Lilly-Lebanon
DevelopmentIndianaIndustrialMidwestTop Stories

Eli Lilly Plans $5.3B Expansion of Pharmaceutical Manufacturing Facility in Lebanon, Indiana

by Katie Sloan

LEBANON, IND. — Eli Lilly and Co. (NYSE: LLY) has released plans for a $5.3 billion expansion of its manufacturing facility in Lebanon, roughly 27 miles northwest of Indianapolis. The investment is the largest in U.S. history for active pharmaceutical ingredient manufacturing, according to the company.  Lilly began developing the Lebanon site, located within the LEAP Research and Innovation District, in 2023. The expansion will enhance the company’s capacity to manufacture active pharmaceutical ingredients for its Zepbound and Mounjaro injectables, which are both diabetes and weight loss drugs. Lilly’s total investment in the site is now $9 billion.  Upon full build-out, the facility will staff 900 full-time employees. The company expects to begin manufacturing at the property in 2026, with operations scaling up through 2028. The development will include the addition of a learning and training center built in conjunction with the State of Indiana, which will be utilized by the larger LEAP District. Lilly will also partner with the state on new infrastructural additions including roads, water, electricity and other utilities. Since 2020, Lilly has committed more than $16 billion to develop new manufacturing sites in the U.S. and Europe, with developments located in the Research Triangle of North …

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DevelopmentLoansRetailSouth CarolinaSoutheast

CBRE Secures $30.9M Construction Loan for Publix-Anchored Shopping Center in Metro Charleston

by John Nelson

GOOSE CREEK, S.C. — CBRE has secured a $30.9 million loan for the construction of The Marketplace at Carnes Crossroads, a Publix-anchored shopping center underway in Goose Creek, roughly 15 miles outside Charleston. Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE arranged the financing on behalf of the borrower, Columbia Properties, through a regional bank. Worthen Development is a partner in the project. Upon completion, the center will comprise 82,622 square feet across three buildings and nine land parcels situated on 24.5 acres. Site work for the development has begun, with vertical construction scheduled to begin soon.

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