NEW BRAUNFELS, TEXAS — Arizona-based developer Empire Group will develop Village at Mayfair, a 215-unit build-to-rent residential project that will be located in the northeastern San Antonio suburb of New Braunfels. The site spans 19.7 acres within Mayfair, a 1,900-acre master-planned development. The project will feature a variety of floor plans, with residences ranging in size from 680 to 1,300 square feet. Homes will be furnished with stainless steel appliances, quartz countertops, walk-in closets and various pieces of smart technology. Residents will have access to amenities such as a pool, fitness center, spa, clubhouse, dog park and outdoor grilling and dining stations. Construction is set to begin in the fourth quarter, with the first homes expected to be available for occupancy by late 2024.
HIALEAH, FLA. — Terreno Realty Corp. has broken ground on two industrial buildings totaling 364,000 square feet in Hialeah, roughly 13 miles outside Miami. Situated within Countyline Corporate Park, the warehouse buildings, dubbed Building 39 and Building 40, are scheduled for delivery in the first quarter of 2024. VS Real Estate (VSRE) is developing the facilities on behalf of Terreno Realty, and Rycon is serving as the general contractor. Building 39 will comprise 178,000 square feet with a private truck court, and Building 40 will total 186,000 square feet. The warehouses will feature 36-foot clear heights. Countyline Corporate Park Phase IV, which comprises 121 acres, is scheduled for completion in 2025.
RALEIGH, N.C. — Alliance Residential has opened Prose New Hope, a 344-unit apartment community located in northeast Raleigh. The property features residences in one- and two-bedroom layouts with an average size of 1,012 square feet. Amenities at the community include a clubroom with an entertainment kitchen, saltwater pool with sun shelf seating and two outdoor grill stations, a business center, fitness center and a Luxer package system. The project team for the development included Cline Design Associates and engineer McAdams, both of which are based in Raleigh. Leasing rates begin at $1,395 per month, according to the property website.
BEAUFORT, S.C. — Denver-based Forum Capital Advisors LLC has provided a $10.4 million preferred equity investment for the development of a 264-unit multifamily community in Beaufort. Located on Grober Hill Road, the property will be situated within a larger, master-planned community. A construction timeline for the project was not disclosed.
ANCHORAGE, ALASKA — PACE Loan Group (PLG) has arranged $5.5 million in Commercial Property Assessed Clean Energy & Resilience (C-PACER) financing for the Aviator Hotel in Anchorage. The historic hotel, located at 239 W. 4th Ave., is undergoing renovations. Once renovation is complete in 2024, the Aviator Hotel will be a high-end boutique hotel with 252 rooms and suites, a retail store, coffee shop, brewery and a bar and restaurant that will feature a year-round outdoor deck with views of Denali. The C-PACER financing is the largest of its kind to date in Alaska, according to PLG. The loan funds the renovations at the 1970s-era, three-story hotel, including energy conservation measures such as HVAC upgrades, building envelope, water fixtures, lighting and energy-efficient heating. The municipality of Anchorage launched C-PACER in May of 2021, with the first loan closing in August 2022.
DARLINGTON, WIS. — Kraus-Anderson will soon break ground on Memorial Hospital of Lafayette County, a $64.8 million replacement hospital and clinic building in Darlington, a city in Southwest Wisconsin. The current facility has provided a full range of acute care inpatient and outpatient services since 1952. Designed by Eppstein Uhen Architects, the 80,000-square-foot hospital will feature a new emergency department, diagnostic imaging, surgical services with two operating rooms, a procedure room, medical and surgical unit, pharmacy, rehabilitation and a vision clinic with a retail eye shop. The project will also include space for behavioral health and mindfulness sessions as well as a 3,600-square-foot standalone building that will house two residency units and a garage for maintenance storage. The project received various loans, all of which will be paid for by the proceeds of the hospital. The project was also awarded $14 million in additional grant funds. Completion is slated for fall 2024. The current facility will remain in operation during construction.
NASHVILLE, TENN. — The Cordish Cos. has revealed plans for Nashville Live!, an adaptive reuse of the historic George Jones building in downtown Nashville. Upon completion, the property will offer 50,000 square feet of dining and entertainment space. Nashville Live! will feature a different concept on each of its five floors, including a DraftKings Sports & Social restaurant and bar, a flagship location for PBR Cowboy Bar and concert hall, an elevated rooftop venue, a 10,000-square-foot private event space with room to host up to 450 people, and an exclusive speakeasy bar. Plans for DraftKings Sports & Social include several state-of-the-art LED media walls; a number of signature bars offering specialty cocktails; restaurant space featuring a full menu developed by James Beard Award nominee John Suley; and guest-friendly mobile platforms that will allow patrons to place bets using the DraftKings Sportsbook application. PBR Cowboy Bar is partnering with the Nashville Stampede, one of eight teams in a new bull riding league, for its location at Nashville Live! The space will feature a professionally endorsed mechanical bull, multiple bars, private VIP booths and a DJ and live music venue. The development’s rooftop concept, AVA Rooftop Bar, will include an oversized central …
BALTIMORE — Method Co. will soon open Roost Apartment Hotel, an 81-unit flexible living community located within the 235-acre Baltimore Peninsula project, which was formerly known as Port Covington. Located at 2460 Terrapin Way, Roost is part of the “Chapter 1” phase of the $5.5 billion Baltimore Peninsula development and is the waterfront project’s third residential property, joining Rye House and 250 Mission. Last week the development team, including Method, Weller Development, MAG Partners and MacFarlane Partners, hosted a ribbon cutting ceremony attended by Maryland Gov. Wes Moore and Sagamore Ventures CEO and Under Armour founder Kevin Plank. The Roost Apartment Hotel concept bridges the gap between a boutique hotel experience and apartment living, with floor plans ranging from one to three bedrooms. The units include features like a full-size kitchen, balconies and full-wall windows. Additionally, Roost will feature an open-air pool, 24/7 concierge and a fitness center with Peloton bikes. The design team for the Roost Baltimore location includes Hord Coplan Macht, Aumen Asner Inc. and Method Studios. Method Co., which operates other Roost-branded properties in Philadelphia, Cleveland, Detroit and Tampa, plans to open the Baltimore Peninsula location on Saturday, July 1.
HYATTSVILLE, MD. — EJF Capital LLC and The NRP Group have obtained a $61 million construction loan for the development of a multifamily community in Hyattsville, a suburb of Washington, D.C. First National Bank and Flagstar Bank provided the financing. The five-story, 361-unit property will be situated within a 3.2-acre opportunity zone at the corner of Belcrest and Toledo roads. The unnamed property will have a six-level, 441-space parking garage, as well as a fitness center, bike room, pet wash area, courtyard, pool and multiple lounge spaces. EJF Capital and NRP Group expect to deliver the property in the third quarter of 2025.
SANDY SPRINGS, GA. — Connolly and Coro Realty have announced the repositioning of the commercial portion of a mixed-use development in metro Atlanta formerly known as Sandy Springs Gateway. The duo purchased the 120,000-square-foot component in February 2022 for $40.5 million. The property, which comprises 92,000 square feet of shops, restaurants and service retailers and 28,000 square feet of second-story office space, is now known as Chastain Market due to its proximity to Chastain Park in the nearby Buckhead district of Atlanta. Connolly and Coro Realty have also inked new leases for the project, including an Italian eatery from chef Kevin Maxey, Alloy Personal Training and United Community Bank. In addition to re-tenanting the development’s former Sprouts Farmers Market grocery store, Connolly and Coro Realty are undertaking a multimillion-dollar renovation to the property. Additionally, a new mural was painted for the project at the corner of Roswell Road and Windsor Parkway. Chastain Market is adjacent to two apartment communities totaling 630 units: The Gateway Chastain and The Collection.