Thursday, September 11, 2025
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2811-Maple-Dallas
DevelopmentMultifamilyTexas

Crescent Real Estate Completes 31-Story Apartment Tower in Uptown Dallas

by Taylor Williams

DALLAS — Fort Worth-based owner-operator Crescent Real Estate has completed 2811 Maple in Uptown Dallas. The 31-story apartment tower houses 177 units in one-, two- and three-bedroom floor plans that range in size from 950 to 1,900 square feet, as well as 12 penthouses with an average size of 2,300 square feet. Residences are furnished with Bosch appliance packages, designer Italian cabinetry and quartz countertops. Amenities include a pool, fitness center, private library with a coffee bar, outdoor dining areas, study spaces and a dog park. Rents start at $4,000 per month for a one-bedroom apartment.

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DevelopmentMultifamilyTexas

CAP Multifamily Completes 18-Unit Project in Frisco

by Taylor Williams

FRISCO, TEXAS — CAP Multifamily has completed an 18-unit project in Frisco’s historic Rail District. Known as Beacon Rail District, the property offers one- and two-bedroom units, the former of which have an average size of about 745 square feet. Amenities include a coworking space, fitness center and a hotel-style lounge. Rents start at $1,980 per month for a one-bedroom apartment.

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Monte-View-at-Pohatcong
DevelopmentMultifamilyNew JerseyNortheast

Larken Associates Completes Lease-Up of 120-Unit Apartment Complex in Pohatcong, New Jersey

by Taylor Williams

POHATCONG, N.J. — Locally based developer Larken Associates has completed the lease-up of Monte View at Pohatcong, a 120-unit apartment complex located near the Pennsylvania-New Jersey border near Easton. The garden-style property consists of three multi-story buildings and one four-story building with a ground-floor clubhouse. Units come in one- and two-bedroom floor plans. Amenities include a pool, fitness center, game room, coworking space, grilling stations and a dog run. Construction began in November 2023. Leasing commenced last fall, at which time rents started at roughly $2,000 per month for a one-bedroom apartment.

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DevelopmentMultifamilyNorth CarolinaSoutheast

Alliance Residential Opens 332-Unit Broadstone West End Apartments in Charlotte

by John Nelson

CHARLOTTE, N.C. — Alliance Residential has opened Broadstone West End, a 332-unit apartment community located at 2220 Wilkinson Blvd. in Charlotte’s FreeMoreWest neighborhood. The property includes studio, one and two-bedroom floorplans, with monthly rental rates starting at $1,359. Amenities include a saltwater pool, fitness center, outdoor grilling station with a Big Green Egg and pizza oven, two firepits with lounge seating and a resident clubroom. Other amenities include a speakeasy-inspired poker room that is hidden behind a cabinet door entrance, as well as indoor bike storage, a fenced dog park, EV charging stations, smart package lockers, package room with cold storage and gated parking. The design-build team includes McAdams Co. (civil engineer), Cline Design (architect) and MAD Studio Interiors (interior designer). Attractions within a mile of Broadstone West End include Legion Brewing and Pinky’s Westside Grill.

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Distel-Circle-Los-Altos-CA.jpg
Affordable HousingCaliforniaDevelopmentMultifamilyWestern

EAH Housing, County of Santa Clara Break Ground on 90-Unit Affordable Housing Project in Los Altos, California

by Amy Works

LOS ALTOS, CALIF. — EAH Housing and the County of Santa Clara have broken ground on Distel Circle, an affordable housing rental community in Los Altos. Located at 330 Distel Circle, the property will offer 90 affordable residences for individuals and families earning between 30 percent to 80 percent of the area median income. Several units will be designated as permanent supportive housing to help address homelessness and housing instability in the region. Designed by KTGY Architects, Distel Circle will offer studio, one-, two- and three-bedroom apartments, a community room, an outdoor courtyard and dedicated on-site services. Construction is underway with completion slated for January 2027. The project’s primary funding source is Low Income Housing Tax Credit and State Credit equity. The County of Santa Clara contributed $25 million toward the development, of which $15.9 million came from the $950 million Measure A Affordable Housing Bond, which was approved by county voters in 2016, with the balance provided through the county’s No Place Like Home and HOME Investment Partnerships Program funds.

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DevelopmentIllinoisIndustrialMidwest

Peak Construction to Complete Two Tenant Improvement Projects at 1 MSF Industrial Building in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — Peak Construction Corp. will complete two tenant improvement projects at NorthPoint Development’s Third Coast Intermodal Hub Building 1 in Joliet. The first build-out totals 303,053 square feet and features a clear height of 40 feet, 25 dock doors, one drive-in door, 59 trailer stalls, 164 car spaces, 2,500 square feet of office space and two remote restrooms. The second project is an expansion for an existing tenant for whom Peak previously built out its space. The expansion adds 431,627 square feet with a clear height of 40 feet, 49 dock doors, one drive-in door, 97 trailer stalls, 204 car spaces, 5,500 square feet of office space and a remote restroom. Both projects are slated for completion in fourth-quarter 2025. The architect is studioNorth. Peak completed construction of the 1 million-square-foot building in 2024.

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DevelopmentIndustrialMidwestNebraska

Darland Delivers 60,000 SF Industrial Facility for Mid-States Utility in Papillion, Nebraska

by Kristin Harlow

PAPILLION, NEB. — Darland Construction Co. has completed a nearly 60,000-square-foot industrial facility for Mid-States Utility Trailer Sales in Papillion. The project is located just off Highway 50 and I-80 and serves as a regional hub for the semi-trailer dealer. The development features a trailer shop, parts warehouse, driver’s lounge and administrative offices. A notable aspect of the project includes more than 11 acres of exterior paving designed to accommodate the extensive inventory and traffic flow of large semi-trailers. Mid-States Utility operates four locations across Nebraska, Iowa and South Dakota.

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AcquisitionsDevelopmentIllinoisMidwestRetail

Fortec to Redevelop Former Ambulance Warehouse in Metro Chicago into Early Education Center

by Kristin Harlow

VERNON HILLS, ILL. — Fortec has acquired a 15,040-square-foot former ambulance warehouse at 401 W. Sullivan Drive in the Chicago suburb of Vernon Hills. The $1.7 million acquisition is part of a $5 million investment to transform the property into The Nest School-Vernon Hills, an early education center scheduled to open in spring 2026. Fortec has signed a lease with The Nest Schools, a childhood education operator with more than 50 schools nationwide. Construction is scheduled to begin this month, with planned improvements including a full interior renovation, the addition of an outdoor playground and a modern redesign led by New Look Architecture. The property formerly served as a Superior Ambulance headquarters. Fortec is financing the project with a lender partner and expects to complete construction by mid-2026. Northmarq’s Milo Spector represented Fortec in the deal.

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Royal-Crest-Apartments-Dallas
AcquisitionsAffordable HousingDevelopmentMultifamilyTexas

Fairstead Buys Dallas Affordable Housing Property, Plans $24M Renovation

by Taylor Williams

DALLAS — Fairstead, a New York-based affordable housing owner-operator, has acquired Royal Crest, a 167-unit complex in the Oak Cliff neighborhood of Dallas, with plans to undertake a $24 million renovation. Built in 1969, Royal Crest consists of 12 buildings that house 16 one-bedroom units, 120 two-bedroom residences and 31 three-bedroom apartments. Units are reserved for households earning between 50 and 60 percent of the area median income. Renovations will include an overhaul of common areas, unit interiors, building exteriors and mechanical systems. New amenities will include a clubhouse, dedicated resident services office, laundry facilities and a community room. Capital One provided financing for the renovation, which is expected to be complete next fall. Hooker DeJong Inc. is the architect for the project, and FTK Construction Services is the general contractor. Hudson Housing Capital is the tax credit equity syndicator.

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Clock-Tower-Residences-Houston
DevelopmentLoansMultifamilyTexas

JLL Arranges Construction Loan for 218-Unit Multifamily Project in Houston

by Taylor Williams

HOUSTON — JLL has arranged a construction loan of an undisclosed amount for Clock Tower Residences, a multifamily project that will be located in the Heights area of Houston. Clock Tower Residences will consist of 214 traditional residential units, four live-work units and a food-and-beverage concept on the ground floor. Residential amenities will include multiple lounges, coworking spaces and media rooms, as well as a fitness and wellness center. Colby Mueck, Michael Johnson, Davis Burnett and James Lovell of JLL arranged the four-year loan through Veritex Community Bank on behalf of the borrower, a joint venture between Houston-based Radom Capital and Charlotte-based Asana Partners.

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