Wednesday, January 14, 2026
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Palladium-Houston-Ella
Affordable HousingDevelopmentMultifamilyTexas

Palladium Completes $35M Mixed-Income Housing Project in Northeast Houston

by Taylor Williams

HOUSTON — Dallas-based multifamily developer Palladium USA has completed a $35 million mixed-income housing project in northeast Houston. Palladium Houston Ella is a three-story, 146-unit building that houses one-, two- and three-bedroom units. About 78 percent (115) of the units are reserved for renters earning between 30 and 60 percent of the area median income, and the remainder will be rented at market rates. Amenities include a pool, fitness center, conference center, dog park, computer lounge, kid’s play area and a clubroom. Palladium developed the project in partnership with the Harris County Housing Finance Corp. HEDK Architects designed the property, and Brownstone Construction served as the general contractor. Construction began in early 2024.

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Residence-Inn-Houston-City-Place
DevelopmentHospitalityTexas

CDC Houston Completes Renovation of Two Hotels Totaling 253 Rooms at City Place

by Taylor Williams

HOUSTON — CDC Houston, a subsidiary of New York City-based Coventry Development Corp., has completed the renovation of two hotels totaling 253 rooms within City Place, a 2,000-acre mixed-use development on the city’s north side. The 128-room Residence Inn Houston City Place, which opened in 2015, now features a redesigned lobby and public spaces with modern seating and improved lighting, as well as contemporary guestroom furnishings. The 125-room Courtyard Houston City Place, which opened in 2016, now features plush seating throughout guestrooms and public areas. Between them, the hotels offer multiple pools and fitness centers, as well as meeting and event spaces and onsite dining options.

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Affordable HousingDevelopmentMultifamilyNew JerseyNortheast

NJEDA Approves $90M in Tax Credit Equity for Jersey City Multifamily Project

by Taylor Williams

JERSEY CITY, N.J. — The New Jersey Economic Development Authority (NJEDA) has approved approximately $90 million in tax credit equity for a 360-unit multifamily project in Jersey City. A developer doing business as 701 Newark Ave LLC will develop a 34-story building in the Journal Square neighborhood with affordable housing units and roughly 3,000 square feet of ground-floor retail space, as well as a public promenade. The NJEDA awarded the tax credit allocation, which represents about 60 percent of the total project cost, through its Aspire program, which provides gap financing for mixed-use, transit-oriented residential developments.

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303-E.-44th-St.-Manhattan
DevelopmentLoansMultifamilyNew YorkNortheast

S3 Capital Provides $80M in Financing for Midtown Manhattan Multifamily Project

by Taylor Williams

NEW YORK CITY — S3 Capital, the lending arm of New York City-based investment firm Spruce Capital Partners, has provided $80 million in financing for the development of a 131-unit multifamily project that will be located in Midtown Manhattan’s Turtle Bay area. The borrower is local developer David Halberstam. The doorman- and elevator-served building at 303 E. 44th St. will offer studio, one- and two-bedroom units and amenities such as a fitness center, rock climbing wall, rooftop pool, coworking lounge and a clubhouse. A portion of the residences will be earmarked as affordable housing. Sitework is underway, and completion is slated for the third quarter of 2027.

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Build-to-RentDevelopmentGeorgiaMixed-UseMultifamilySingle-Family RentalSoutheast

Mallory & Evans to Develop $95M Mixed-Use Community in Athens, Georgia

by John Nelson

ATHENS, GA. — Atlanta-based Mallory & Evans has plans to develop The Shoals, a mixed-use development located near University of Georgia in Athens. The $95 million Phase I will feature 285 residences, 456 parking spaces (garage and street), green spaces and more than 20,000 square feet of retail and commercial space. Residences will come in studio to four-bedroom configurations in multiple formats — townhomes, duplexes, cottages, live/work units and single-family homes — and are expected to deliver in 2027. Phase I will span 22 acres of the 90-acre site, which will interface with the Athens Firefly & Greenway Trail system. Ultimately, The Shoals will feature more than 600 residences and commercial space across four connected pocket neighborhoods.

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Kettner-Crossing-San-Diego-CA
Affordable HousingCaliforniaDevelopmentMultifamilySeniors HousingWestern

R.D. Olson Completes $30M Affordable Seniors Housing Development in San Diego

by Amy Works

SAN DIEGO — R.D. Olson, an Irvine, Calif.-based general contractor, has completed the construction of Kettner Crossing, a $30 million affordable housing community situated in San Diego’s Little Italy neighborhood. Bridge Housing Corp. was the developer. Totaling 64 units, the residences are reserved for seniors age 62 and older earning no more than 30 to 60 percent of the area median income. The building also features 2,200 square feet of commercial office space available for lease. Amenities at the community include a rooftop overlooking North San Diego Bay, an open-air turf space, community room and library. A majority of the units (55) feature one-bedroom layouts, and the remaining units are a mix of two-bedroom and studio apartments. The County of San Diego provided the land as well as some financing for the development, which took two years to complete, and partnered with Bridge Housing Corp. to bring the project to fruition. Specifics of the funding were not disclosed, but the state issued $2.5 million in federal low-income housing tax credits to the capital stack. The project team also included architect AVRP Studios, construction manager JLL and civil engineer Fuscoe Engineerings.

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DevelopmentMidwestMultifamilyStudent HousingWisconsin

CRG Breaks Ground on 516-Bed Chapter Mifflin Student Housing Community Near University of Wisconsin-Madison

by Kristin Harlow

MADISON, WIS. — CRG has broken ground on Chapter Mifflin, a six-story, 516-bed student housing community in Madison’s Mifflin District adjacent to the University of Wisconsin-Madison. CRG assembled a 1.5-acre site of 12 contiguous parcels along West Washington Avenue and West Mifflin Street for the project and rezoned them for higher-density residential. Chapter Mifflin will offer 162 fully furnished units. Completion is slated for the 2027-28 academic year, with preleasing expected to commence in summer 2026. Currently home to a mix of single-family residences and duplexes operating as student housing, the project site is a half mile from the Memorial Library and four blocks from the retail and entertainment offerings along the State Street corridor. Chapter Mifflin will offer a range of studio through five-bedroom units. Amenities will include a fitness center, study areas, outdoor courtyards, a fifth-floor terrace and secure parking garage. Lamar Johnson Collaborative, a subsidiary of CRG’s parent company Clayco, designed the project, which will feature a public pedestrian connection. Wisconsin-based CG Schmidt will serve as general contractor. CRG worked with Alder Mike Verveer; Madison’s Department of Planning, Community & Economic Development; Capitol Neighborhoods Inc.; and other local stakeholders on the project.

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DevelopmentMidwestMultifamilyOhio

NRP Group Completes 316-Unit Luxury Apartment Development in Cleveland’s Scranton Peninsula

by Kristin Harlow

CLEVELAND — The NRP Group has completed The Collins, a 316-unit luxury apartment development on the Scranton Peninsula in Cleveland. The development transforms a long-underutilized waterfront site. Designed by BKV Group, the project spans more than 7 acres and comprises two five-story apartment buildings and three townhome buildings. Apartment units range from studios to three-bedroom layouts. Townhomes include private entry, rooftop balconies and two-car garages. Indoor amenities include a fitness center, resident clubhouse, conference room, private breakout pods and a pet spa. A fifth-floor lounge provides views of the Cuyahoga River and city skyline. Outdoor amenities include a resort-style pool, firepits, grilling stations and an event plaza. The development connects to the Towpath Trail, with free onsite bike rentals available for residents. Dollar Bank served as the construction lender. The Ohio Department of Development provided funds through its Brownfield Remediation and State Opportunity Zone Programs. The Ohio Water Development Authority provided gap financing as well. The City of Cleveland provided tax abatement and tax-increment financing. Monthly rents start around $1,505, according to the property’s website. Residents can earn two months of free rent by moving in prior to Nov. 1.

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DevelopmentIndustrialIowaMidwest

TVS Supply Chain Solutions Opens 225,113 SF Industrial Facility in Waterloo, Iowa

by Kristin Harlow

WATERLOO, IOWA — TVS Supply Chain Solutions has opened its new 225,113-square-foot, build-to-suit facility in Waterloo. Developed in partnership with ElmTree Funds and Ryan Cos. US Inc., the project features 6,800 square feet of office space, a driver’s lounge, 30 loading dock doors and two drive-in doors. TVS’s first Iowa facility is in Iowa City. Ryan is also building another 225,000-square-foot property for TVS in Davenport that is scheduled for completion in October. Ryan served as developer and builder of the Waterloo facility, and Ryan A+E Inc., Ryan’s design studio, served as the architect. ElmTree served as facility owner and financier.

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Data CentersDevelopmentIllinoisIndustrialMidwestTop Stories

Related Midwest, CRG Break Ground on Phase I of 440-Acre Quantum Shore Chicago Innovation District

by Kristin Harlow

CHICAGO — Related Midwest and CRG have broken ground on the Illinois Quantum & Microelectronics Park (IQMP), the first phase of Quantum Shore Chicago, a 440-acre, master-planned technology and innovation district along the Chicago lakefront. The project is located on the former U.S. Steel South Works site at 8080 S. DuSable Lake Shore Drive in the South Chicago neighborhood. The co-developers are receiving financing from funds managed by Blue Owl Capital on both the land acquisition and vertical development of facilities for IQMP’s anchor tenant, PsiQuantum, a Palo Alto, Calif.-based company with a mission “to build and deploy the world’s first useful quantum computers.” Quantum computing utilizes quantum mechanics to solve complex problems such as climate, energy and defense challenges faster than traditional computers.  Created through a public-private partnership with State of Illinois and federal agencies, IQMP will occupy 128 acres on the southern end of the development site. In addition to PsiQuantum’s 80,700-square-foot office and research facility — the first of several buildings the firm will eventually occupy — the campus will include a cryoplant (a facility that uses extremely low temperatures to produce gases like liquid helium and nitrogen for high-tech applications) and equipment labs, as well as …

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