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DevelopmentFloridaMultifamilySoutheast

Vista Residential Breaks Ground on 221-Unit Multifamily Development in Palm Beach Gardens, Florida

by John Nelson

PALM BEACH GARDENS, FLA. — Vista Residential Partners has broken ground on Gardens Vista, a 221-unit multifamily development located in the South Florida city of Palm Beach Gardens. Situated on 6.7 acres, Gardens Vista is less than one mile from Gardens Mall and the Nova Southeastern University campus. Atlanta-based Niles Bolton Associates is designing the project. The four-story, Spanish colonial-styled community will offer 131 one-bedroom, 68 two-bedroom and 22 three-bedroom apartments, with 10 percent of its units designated as workforce housing. Amenities at the complex will include a resort-style swimming pool, gym, two pickleball courts, interactive game room, coworking spaces, 24/7 package concierge, electric vehicle charging stations, dog park and a nature preserve.  Vista Residential has partnered with a global asset manager representing an unspecified state-sponsored pension fund, as well as a Midwest insurance company, for the financing of the development.

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2910-N.-Hall-St.-Dallas
DevelopmentHospitalityTexas

Phoenix Development Begins Construction on 264-Room, Dual-Branded Hotel in Uptown Dallas

by Taylor Williams

DALLAS — Phoenix Development Group has begun construction on a 264-room, dual-branded hotel in Uptown Dallas. The building will rise 19 stories at 2910 N. Hall St. and will offer 110 rooms under the AC Hotel by Marriott brand and 154 rooms under the Moxy Hotel brand. Each hotel will have its own lobby and entrance but will share amenities such as a fitness center and a 261-stall parking garage. The signature Moxy Bar & Restaurant will be situated at street level, and a custom-branded bar and lounge will be located on the eighth floor of the building and will include an outdoor terrace deck and water features. Phoenix is developing the property in partnership with Atlanta-based hospitality operator Peachtree Group, which is also an equity investor in the project. Merriman Anderson Architects is designing the project, with interiors by The Society, and Moss Construction is serving as the general contractor. Completion is slated for summer 2026.

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Beeville-Elementary-School
CivicDevelopmentTexas

SpawGlass General Contractors Breaks Ground on New Elementary School in Beeville, Texas

by Taylor Williams

BEEVILLE, TEXAS — SpawGlass General Contractors has broken ground on a new elementary school for the Independent School District of Beeville, located near Corpus Christi in South Texas. The 108,100-square-foot campus, which will be able to support about 1,200 students, will replace the current Fadden-McKeown-Chambliss and R.A. Hall Elementary Schools. Both of those schools have served the community for over five decades and will be repurposed and demolished, respectively, following completion of the new school, which is slated for August 2026. In addition to indoor classrooms and collaboration spaces, the new campus will include 51,000 square feet of outdoor learning and natural play areas. Pfluger Architects is designing the project, which is being financed by a $62 million bond that was approved by voters last spring.

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DevelopmentOfficeTexas

Silver Lining Construction Completes Redevelopment of Office Space in Dallas Design District

by Taylor Williams

DALLAS — General contractor Silver Lining Construction has completed the redevelopment the office headquarters of Moroch Partners, located at 147 Manufacturing St. in the Dallas Design District. The project saw the Dallas-based marketing agency reduce its footprint by about 50 percent to 24,000 square feet, and the revamped space features a conference room that can seat about 20 people, a 60-desk open office layout and various collaborative workspaces. The design team included locally based interior architecture firm Tangram, Studio Other and OTJ Architects.

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AcquisitionsDevelopmentMultifamilyNew YorkNortheast

RFR Sells Brooklyn Multifamily Development Site for $160M

by Taylor Williams

NEW YORK CITY — Locally based investment and development firm RFR has sold a 139,865-square-foot multifamily development site in the Gowanus area of Brooklyn for $160 million. The buyer was a partnership between two locally based firms, Tavros Capital and Charney Cos. RFR acquired the three-acre site at 175 Third St. for $115 million in 2018, more than three years before the city’s rezoning of the neighborhood to allow for more multifamily development. RFR subsequently collaborated with Bjarke Ingels Group on design schemes and worked over several years to secure an extension of the 421a tax abatement. Additionally during its holding period, RFR vacated the site, obtained excavation and foundation work permits, managed an environmental remediation program and qualified the site for tax incentives such as the Brownfield Credit Program. Ackman-Ziff Real Estate Group advised RFR, which sold the site as a fully entitled development opportunity, on the transaction. The new ownership has secured two acquisition/pre-development loans totaling $145 million in connection with the purchase of the site. Silver Point Capital provided $110 million as the senior lender and Brodsky/global alternative asset manager Tikehau Capital provided $35 million as the mezzanine lender. The partnership has also released development plans for the site, …

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DevelopmentMultifamilyNorth CarolinaSoutheast

NRP Group Breaks Ground on 377-Unit Apartment Community in Matthews, North Carolina

by John Nelson

MATTHEWS, N.C. — The NRP Group has broken ground on a new 377-unit apartment community located at 11330 Brigman Road in Matthews, a southeast suburb of Charlotte. Situated along I-485 adjacent to the Mecklenburg County Sportsplex, the 15-acre development will feature residential buildings housing one-, two- and three-bedroom apartments, as well as a swimming pool, dog park, fitness center, business center with coworking space and a retail café. The unnamed property will also include 18,900 square feet of commercial space and about 28 apartments reserved for households earning 80 percent of the area median income (AMI). The NRP Group expects to deliver the community in November 2026.

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DevelopmentFloridaLoansMultifamilySoutheast

Centennial Bank Provides $17.5M Construction Loan for One Daytona Multifamily Project in Florida

by John Nelson

DAYTONA BEACH, FLA. — Centennial Bank has provided a $17.5 million construction loan for The Edge Collection at Icon One Daytona, a 129-unit apartment community located at 200 Daytona Blvd. in Daytona Beach. The midrise property is part of One Daytona, NASCAR’s master development across from Daytona International Speedway that includes residential options and two hotels, including The Daytona, a Marriott Autograph Collection Hotel. Centennial Bank provided the loan for Daytona Apartment Holdings II LLC, an entity owned by Prime Hospitality Group. The developer plans to deliver The Edge Collection at Icon One Daytona later this month.

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DevelopmentIllinoisIndustrialMidwest

Meridian Completes 400,112 SF Headquarters Project for RIM Logistics in Bartlett, Illinois

by Kristin Harlow

BARTLETT, ILL. — Meridian Design Build has completed a 400,112-square-foot corporate headquarters development for RIM Logistics Ltd. in the Chicago suburb of Bartlett. The project involved the renovation of a recently constructed, speculative industrial building that RIM acquired in early 2024. Dan Smolensky of TMG Real Estate Advisors assisted RIM in the acquisition. Michael Androwich Jr., John Cassidy and Chris Nelson of Lee & Associates represented the seller, Midwest Industrial Funds. Meridian collaborated with RIM, CBRE/Turner & Townsend, Heitman Architects, V3 Cos. and the Village of Bartlett to take the project from concept to completion in less than 12 months. The multi-phase project involved enhancements to the building façade and construction of a second floor to support roughly 40,000 square feet of office space. Employee amenities include a café, fresh market, bike storage room and fitness center. The building is adjacent to a naturalized wetland area. Reclaimed cargo containers and a salvaged semi-trailer were utilized to create unique architectural accents. Electric vehicle charging stations, lighting controls and other sustainable design elements helped RIM achieve its goal of LEED certification. Warehouse improvements included accommodations for storage mezzanines, automatic storage and retrieval systems, narrow aisle racking and hazardous materials/aerosol storage areas. The …

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Affordable HousingDevelopmentMidwestMultifamilyOhio

Woda Cooper, IMPACT Open 102-Unit Affordable Housing Community in Whitehall, Ohio

by Kristin Harlow

WHITEHALL, OHIO — Woda Cooper Cos. Inc. and co-developer IMPACT Community Action have opened The Enclave in Whitehall, six miles east of Columbus. The 102-unit affordable housing community is located at 3540 E. Main St. The $29.9 million development is reserved for renters who earn between 30 and 80 percent of the area median income. Rents range from $435 to $1,240 per month, depending on income restriction and size of unit. The City of Whitehall approved a Payment in Lieu of Taxes related to the real estate taxes for 15 years on 100 percent of the residential improvements. The development also received significant support from Franklin County. The Board of Commissioners approved a permanent mortgage loan through its Magnet Fund program. The project also benefits from a $25 million linked deposit fund created by the Franklin County Treasurer Brooks Sullivan. The four-story building features a large mural created by Ohio-based muralists Lucie Shearer and Thom Glick. Units at The Enclave offer one-, two- and three-bedroom layouts. Several units are adapted for those with mobility challenges and/or sight and hearing disabilities. Amenities include a community room with kitchenette and management office. The development is certified LEED Gold. The project also features …

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Cornerstone-at-Galloway
Affordable HousingDevelopmentMultifamilyNew JerseyNortheast

Walters Underway on 66-Unit Affordable Housing Project in Galloway, New Jersey

by Taylor Williams

GALLOWAY, N.J. — Locally based developer Walters is underway on construction of Phase I of Cornerstone at Galloway, a project in southern coastal New Jersey that will deliver 66 affordable housing units to the local supply. Residences will be furnished with full-size washers and dryers and fully equipped kitchens, and amenities will include a multipurpose clubhouse with a fitness center, as well as a children’s tot lot, basketball court and computer workstations. Cornerstone at Galloway will ultimately offer 198 units in one-, two- and three-bedroom floor plans that will be developed across two phases and will be reserved for households earning 60 percent or less of the area median income.

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