POHATCONG, N.J. — Locally based developer Larken Associates has broken ground on Monte View at Pohatcong, a 120-unit multifamily project. The site is located near the Pennsylvania-New Jersey border near Easton. The garden-style property will consist of three multi-story buildings and one four-story building with a ground-floor clubhouse. Other amenities will include a pool, fitness center and a dog run. The first move-ins are scheduled to begin in fall 2024.
PHOENIX — Scottsdale-based Greenlight Communities has broken ground on Cabana North Valley, a 159-unit affordable multifamily community in Phoenix. Located at 33455 N. North Valley Parkway, Cabana North Valley will feature 59 studios, 66 one-bedroom units and 34 two-bedroom units, as well as three courtyards with a wide array of amenities. With the community situated between charter schools, Greenlight Communities plans to support the local education system by providing housing options to families seeking high-quality education for their children. The project is set to begin leasing in October 2024.
BROOKFIELD, WIS. — Wingspan Development Group has opened The Ruby at Brookfield Square, a 231-unit luxury apartment complex in the Milwaukee suburb of Brookfield. The property is nearly 30 percent leased, and first move-ins began in early October. The community, which features two four-story buildings connected by a skybridge, is the first new Class A rental property in Brookfield since 2019, according to Wingspan. Located adjacent to Brookfield Square Mall, the complex features a mix of floor plans ranging from 381 to 1,407 square feet. Amenities include a resort-style pool, dog park, fitness center, yoga studio, pet spa, entertainment lounge, golf simulator, business center and package room. Monthly rents start at $1,595, according to the property’s website.
MOUNT CLEMENS, MICH. — Woda Cooper Cos. Inc. has completed Edison Crossing, a $10.5 million affordable housing community in Mount Clemens, a northern suburb of Detroit. The 30-unit property features 11 units that are designated as Permanent Supportive Housing units with a preference for veterans. The entire development is restricted for residents who earn up to 80 percent of the area median income. The four-story building features amenities such as a multipurpose room, playground, picnic tables, onsite management center and additional space for coordination of supportive services by Macomb Community Action. Financing for the project was supported by the allocation of Low-Income Housing Tax Credits by the Michigan State Housing Development Authority. R4 Capital invested in the tax credits to provide equity financing. Comerica Bank provided a construction loan, and RiverHills Bank provided a permanent mortgage. Additionally, the city approved a Payment in Lieu of Taxes. Hooker DeJong Inc. was the project architect, and Greentech Engineering Inc. was the civil engineer. Woda Construction Inc. served as general contractor. Woda Management & Real Estate is handling leasing and property management.
HUNTERSVILLE, N.C. — Charlotte-based Redline Property Partners and its partner Ascent Real Estate Capital are underway on the renovation of a 201,310-square-foot office property located in Huntersville, roughly 15 miles outside of Charlotte. Situated on 33 acres, the four-building property has been rebranded as Birkdale Point. New amenities will include multiple outdoor patios with Wi-Fi, a building lounge with tenant liquor lockers, billiards and seating, a fitness center with shower facilities and a market. Construction plans include full renovations to all interior common areas, redesigns of the entrances and lobbies, new facades, updated signage, new landscaping, painting building exteriors and improvements to the footbridge that connects the office park to McDowell Creek Greenway and Birkdale Village. Completion of renovations to Birkdale Point is scheduled for the first quarter of 2024. C4 Builders is serving as the general contractor, and Redline Design Group is the architect.
ALPHARETTA, GA. — X-Golf has opened a 6,800-square-foot golf simulator and sports bar venue at RocaPoint Partners’ $500 million Halcyon development in Alpharetta. Halcyon comprises 135 acres of mixed-use space roughly 30 miles northeast of Atlanta along Ga. 400. X-Golf occupies space on the ground-floor of Halcyon Grand, an apartment community located within the development. X-Golf’s venue features seven bays for group golf simulation, as well as a full bar serving beer, cocktails and appetizers. JLL represented RocaPoint in lease negotiations.
SCHERTZ, TEXAS — Cleveland-based multifamily developer The NRP Group has broken ground on Aviator 1518, a 300-unit affordable housing project in Schertz, a northeastern suburb of San Antonio. Aviator 1518 will feature one-, two-, three- and four-bedroom floor plans and amenities such as a pool, fitness center, clubhouse and a playground. The NRP Group is developing the project in partnership with the Schertz Housing Authority. Alta Architects designed the project, and Bank of America provided construction financing. Preleasing will begin in 2025, with full completion slated for 2026.
GALVESTON, TEXAS — A group of private investors with longstanding ties to the hospitality industry has opened the 61-room Hotel Lucine in Galveston. Designed by Austin-based Kartwheel Studio, the hotel is a redevelopment of the Treasure Isle Motel, which was originally built in the 1960s. Amenities include a pool and multiple onsite food-and-beverage options.
COLORADO SPRINGS, COLO. — A partnership between MBK Rental Living and Hines is developing Retreat at Mountainside, a Class A apartment property situated on 9.7 acres in the Briargate neighborhood of Colorado Springs. Spread across multiple three- and four-story buildings, Retreat at Mountainside will feature 284 one-, two- and three-bedroom apartments ranging from 628 square feet to 1,429 square feet. Community amenities will include a clubhouse with a resort-style swimming pool, contemporary coworking spaces, a fitness center and dog park. Completion for the development is slated for 2025.
BERWYN, PA. — Maryland-based developer Bozzuto has completed Ember at Berwyn, a 250-unit apartment complex located about 25 miles northwest of Philadelphia. Ember at Berwyn features studio, one-, two- and three-bedroom floor plans that range in size from 438 to 1,476 square feet. Amenities include a fitness center with a yoga studio, business center with coworking space and conference rooms, courtyards with grilling and dining stations, a dog park, pool and a social lounge. Bozzuto developed the project via a joint venture with developer ECHO Realty. Rents start at $1,910 per month for a studio apartment.
