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Aspendale-Northglenn-CO
ColoradoDevelopmentMultifamilySeniors HousingWestern

Headwaters Group Launches New Aspendale Active Adult Brand

by Amy Works

DENVER — Headwaters Group, a Denver-based real estate owner and developer, has launched a new active adult brand. Dubbed Aspendale, the brand will serve residents age 55 and older at a portfolio of communities across Colorado and the western United States.  The current Aspendale portfolio comprises four communities scheduled to open between late 2025 and mid-2026. Located in Centennial, Colo., Aspendale Centennial will total 200,000 square feet and 172 apartments. Now leasing, the property is scheduled to open in late 2025.  Aspendale Northglenn in Northglenn, Colo., is also currently leasing and totals 172 units. The property will open in early 2026 and will include an 8,800-square-foot clubhouse.  Aspendale Littleton in Littleton, Colo., is scheduled for completion in mid-2026, with leasing scheduled to begin this fall. Upon completion, the property will feature 190 apartments and a two-story, 10,000-square-foot clubhouse.  In Scottsdale, Ariz., Aspendale Scottsdale is scheduled to begin move-ins in October 2026. In addition to 161 apartment units, the community will feature 10 single-story duplex cottages.  Amenities at Aspendale communities include fitness centers, outdoor turf areas, art studios, card rooms, swimming pools, dining courtyards and dog parks. 

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The-Brickyard-Houston
DevelopmentIndustrialTexas

Urban Logistics Realty Breaks Ground on 542,851 SF Spec Project in Northwest Houston

by Taylor Williams

HOUSTON — Dallas-based Urban Logistics Realty has broken ground on The Brickyard, a 542,851-square-foot speculative project in northwest Houston. The Brickyard will be a three-building development at 5020 Acorn St. whose structures will have a mix of configurations, as well as ample car and trailer parking. Urban Logistics Realty is developing the project in partnership with Principal Asset Management. Other project partners include Powers Brown (architect), Harvey Builders (general contractor), Kimley-Horn (civil engineer), Pinnacle (structural engineer), First United Bank & Trust (construction lender) and Stream Realty Partners (leasing agent). Completion is slated for mid-2026.

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The-Cliff-Henderson-NV
DevelopmentNevadaRetailWestern

City of Henderson Approves Development Plans for $50M Retail Project in Metro Las Vegas

by Amy Works

HENDERSON, NEV. — The City of Henderson has approved development plans for The Cliff, a $50 million open-air retail and dining destination located in Henderson, roughly 15 miles outside Las Vegas. A 100,000-square-foot office complex on the property will be redeveloped into a pedestrian-friendly, retail-oriented environment that will feature landscaped courtyards, breezeways, public art, live music and a kiosk village named “The Yard.” Serving as the gateway to the Green Valley Ranch master-planned community, The Cliff will be Henderson’s first retail development in more than 20 years. Construction is expected to begin in October, with a grand opening scheduled for fall 2026. A partnership between San Diego-based CAST and Los Angeles-based Partners Capital will be leading the project. Dubbed as Southern Nevada’s first “anti-mall,” the project aims to replace the traditional strip mall and big-box retail model with a walkable, community-centric gathering place.

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DevelopmentFloridaMixed-UseMultifamilySoutheast

Hines, Urban Street Development Top Off Second Multifamily Building at $500M FAT Village in Fort Lauderdale

by John Nelson

FORT LAUDERDALE, FLA. — Hines and Urban Street Development (USD) have completed vertical construction of the second multifamily building at FAT Village, an 835,000-square-foot, $500 million mixed-use development in Fort Lauderdale’s Flagler Village neighborhood. Upon completion of Phase I, FAT Village will feature 80,000 square feet of experiential retail, a 1,200-space commercial parking structure and 600 residential units across two multifamily buildings, the first of which was topped out in March. Later this year, Hines and USD will top off T3 FAT Village, a 180,000-square-foot mass timber office building. T3 (which is named for timber, transit and technology) is slated for completion in 2026. Blanca Commercial Real Estate is leading pre-leasing efforts for the office space. 

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DevelopmentGeorgiaMixed-UseMultifamilyRestaurantRetailSoutheast

High Street, Third & Urban Plan Mixed-Use Development in Sandy Springs, Georgia

by John Nelson

SANDY SPRINGS, GA. — A partnership between High Street Residential (HSR), the residential subsidiary of Trammell Crow Co. (TCC), and Third & Urban have announced plans for the development of Hillcrest, an 8.1-acre mixed-use development located in the Atlanta suburb of Sandy Springs. Scheduled to break ground this month, the project will feature 362 apartment units, 30 for-rent townhomes and more than 18,000 square feet of retail space. In collaboration with the seller, Sandy Springs United Methodist Church, proceeds from the sale will fund capital improvements to the church’s primary campus. Improvements will also be made to the surrounding street infrastructure, adding on-street parking and connected walkability to the area. The project team will include Cooper Carry (architect), Square Feet Design (retail consultant and interior designer), New South Construction (general contractor), Citizens Bank (lender) and Wesley Community Development (church advisor). Amy Fingerhut of CBRE is handling leasing negotiations. The townhomes will offer two- and three-bedroom floorplans with two-car garages and rooftop patios, while the apartment building will measure up to five stories tall and feature a parking garage with more than 100 public parking spaces. Amenities at the apartment will include a rooftop swimming pool and clubroom, golf simulator lounge, …

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DevelopmentDistrict of ColumbiaLoansMixed-UseMultifamilySoutheast

Pearlmark Provides $58M Mezzanine Loan for Multifamily Development in D.C.

by John Nelson

WASHINGTON, D.C. — Pearlmark has provided a $58 million mezzanine loan for the development of Portals IV, a 356-unit multifamily project underway in the Southwest Waterfront neighborhood of Washington, D.C. Pearlmark originated the loan via its investment fund, Pearlmark Mezzanine Realty Partners VI LP.  David Webb and John Rehberger of CBRE arranged financing for the development, along with Mark Witt of Pearlmark.  Kennedy Wilson provided the senior loan. The borrower and developer is Republic Properties, a subsidiary of the Republic Family of Cos. Portals IV is situated within walking distance of two Metro stations and will be the final addition to the Portals complex, a 3 million-square-foot mixed-use development that comprises three office buildings, one luxury apartment building and a hotel. Amenities at Portals IV will include a rooftop swimming pool and walkway, resident package locker room with dry cleaning pickup, fireplace lounge, fitness center and spin room, library, golf simulator, game room, coworking spaces, concierge services and a rooftop amenity lounge on the 13th floor. Outdoor grilling stations, private dining rooms, commercial laundry facilities and a coffee bar will also be available for resident use.

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Affordable HousingDevelopmentIllinoisMidwestMultifamily

Related Midwest Opens Three Mixed-Income Apartment Buildings in Chicago

by Kristin Harlow

CHICAGO — Related Midwest has opened three new residential buildings in Phase 3B of Roosevelt Square, the developer’s 67-acre multi-phase redevelopment project on Chicago’s Near West Side. Developed in partnership with the Chicago Department of Housing and Chicago Housing Authority (CHA), the latest phase adds 207 mixed-income apartment units — including 75 public housing, 40 affordable and 92 market-rate units — and 10,000 square feet of retail space to the former ABLA Homes site. The new buildings, located at 1002 S. Racine Ave., 1257 W. Roosevelt Road and 1357 W. Roosevelt Road, offer a mix of studio, one-, two- and three-bedroom units. The additions build on earlier phases, with nearly 900 mixed-income units completed since 2006. The Chicago Department of Housing invested $17 million in tax-increment financing and $2.5 million in donation tax credits. The City of Chicago issued $76.3 million in tax-exempt bonds, which generated $5.3 million in 4 percent low-income housing tax credits. In total, the redevelopment received approximately $101 million in public investment and financial support. Designed by Chicago-based DesignBridge, the six-story twin buildings at 1257 and 1357 W. Roosevelt each offer 70 units ranging from 556 to 1,191 square feet. Market-rate rents start at $1,650. Amenities …

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Affordable HousingDevelopmentKansasMidwestMultifamily

Annex Group Breaks Ground on $60M Affordable Housing Development in Topeka, Kansas

by Kristin Harlow

TOPEKA, KAN. — The Annex Group has broken ground on Union at Tower District, a roughly $60 million affordable housing community in Topeka. The 4-acre project will offer 250 one-, two- and three-bedroom units for households earning 30 to 60 percent of the area median income. There will be two four-story buildings and one three-story building. Amenities will include a courtyard, dog park, playground, community center and fitness center. Project partners include BVH Architecture, REGA Engineering, SBB Engineering, the City of Topeka and Impact Housing Indiana Corp. Citi Community Capital served as both the construction lender and permanent lender. Stifel Public Finance underwrote $35 million in bonds issued by Shawnee County. The Kansas Housing Resources Corp. allocated 4 percent tax credits and tax-exempt bonds. Additional financial support came from WNC, the federal credit investor, and Advantage Capital, the state credit investor. The city provided RHID funding. The project marks Annex Group’s first community in Topeka and its third in Kansas. Completion is slated for January 2027.

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DevelopmentIllinoisIndustrialMidwest

Venture One Begins Development of 130,000 SF Industrial Build-to-Suit in Huntley, Illinois

by Kristin Harlow

HUNTLEY, ILL. — Venture One Real Estate has begun development of a new 130,000-square-foot production facility for Silesia Group in the Chicago suburb of Huntley. The project is located off Route 47 near the I-90 interchange at the Huntley Industrial Park and will more than triple Silesia’s footprint in the U.S. Integrating research, manufacturing and warehousing operations, the new facility will serve Silesia’s customers throughout the Americas. Meridian Design Build will oversee construction, and Ware Malcomb is the project architect. Brian Kling of Colliers represented Silesia throughout the site selection and development process.

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Richmond-Towers-Plainfield-New-Jersey
Affordable HousingDevelopmentMultifamilyNew JerseyNortheastSeniors Housing

WinnCos. to Undertake Affordable Seniors Housing Renovation Project in Plainfield, New Jersey

by Taylor Williams

PLAINFIELD, N.J. — Regional owner-operator WinnCos. will undertake an affordable seniors housing renovation project in the Northern New Jersey community of Plainfield. Designed by New Jersey-based Inglese Architecture & Engineering, the project will modernize the 225-unit Richmond Towers and the 128-unit Joanne Hollis Gardens complexes and preserve the properties’ status as affordable for residents earning 30 percent or less of the area median income. Richmond Towers was built more than 50 years ago and features two 12-story towers housing 135 studio apartments and 90 one-bedroom apartments. Built in 1954 as West End Gardens, Joanne Hollis Gardens was rededicated in 2015 to posthumously honor the longtime resident who served as Plainfield housing commissioner and city councilwoman. The two-story, garden-style complex offers 16 one-bedroom, 66 two-bedroom, 32 three-bedroom and 14 four-bedroom apartments. WinnCos. is developing the project in partnership with the Housing Authority of Plainfield.

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