WORCESTER, MASS. — Nonprofit owner-operator The Community Builders (TCB) has completed the renovation of The Aurora, an 85-unit affordable housing complex in downtown Worcester. The historic six-story building was originally constructed as a hotel in 1898 and offers 30 units that are reserved for those earning up to 30 percent of the area median income (AMI). In addition, a portion of residences are reserved for households earning 80 percent or less of AMI and for renters who make 60 percent or less of AMI. Architecture Environmental Life Inc. designed the project, and Keith Construction served as the general contractor.
HYANNIS, MASS. — MassDevelopment and BankFive have provided $11 million in financing for a 45-unit multifamily project in the Cape Cod community of Hyannis. The building at 199 Barnstable Road will house 40 market-rate units and five affordable units that will be earmarked for households earning 65 percent or less of the area median income. Units will have an average size of 550 square feet. The developer, Bratt LLC, is a real estate holding entity owned by Bradley Sprinkle and Timothy Telman; the former’s family-owned contracting business most recently occupied the site. Completion is slated for mid-2026.
CLERMONT, FLA. — Woodfield Development has delivered Klara at Clermont, a 289-unit apartment complex located in Clermont, approximately 22 miles west of Orlando. Klara spans six residential buildings and features one-, two- and three-bedroom floorplans ranging in size from 841 square feet to 1,657 square feet, according to Apartments.com. Monthly rental rates begin at $1,798. Carter & Carter Construction served as general contractor, Charlan Brock provided architectural design services and Beasley & Henley handled the interior design. Amenities at the community include a resort-style swimming pool with a sun shelf and poolside cabanas, outdoor grilling terraces and dining areas, a dog park with additional park space, a hammock lawn, fire pit and expansive great lawn, as well as a network of walking trails.
WOODSTOCK, GA. — Mesa Capital Partners has broken ground on Sutton Row, a 290-unit apartment community located in the Atlanta suburb of Woodstock. Cadence Bank and Atlantic Union Bank are providing construction financing for the development. The project team comprises Focus Design Interiors (interior designer), English & Associates (architect) and Tri-Bridge Residential (general contractor). Amenities at Sutton Row will include a multi-story clubhouse with a resident coffee bar and market, coworking lounge with private conference space and a fitness center that features a yoga studio and spin room. Residents will also have the chance to enjoy various outdoor spaces such as a resort-style swimming pool, covered pavilion with grilling stations and direct access to the future Cherokee County multiuse trail. Leasing is expected to begin in late 2026, with full completion scheduled for 2027.
ROSEDALE, MD. — Knott Realty Group has completed two industrial buildings located at 9107 and 9115 Yellow Brick Road within Rossville Industrial Park in Baltimore County. 9107 Yellow Brick Road totals 150,492 square feet and offers 46 dock doors, two drive-in doors and 226 parking spaces, while 9115 Yellow Brick Road comprises 125,791 square feet with 38 dock doors, two drive-in doors and 160 parking spaces. Rossville Industrial Park now spans approximately 1 million square feet across nine buildings. The new facilities feature tilt-up construction, 32-foot height ceilings, ESFR sprinklers, high-bay LED lighting and a seven-inch reinforced concrete slab, as well as energy-efficient roofs and HVAC systems. An outside storage lot is also available to support up to 29 trailer drops. Additionally, Knott Realty Group will incorporate solar panels on the rooftops of both buildings and apply for LEED certification. The project team included Baltimore Land Design Group, Geo-Technology Associates, Glen Arm Building Co., Lorax Partnerships, Morris & Ritchie Associates, Venable and Ware Malcomb, with support from Providence Engineering and Paragon Engineering.
ARLINGTON, VA. — Whole Foods Market Daily Shop, the grocer’s smaller format retail concept, has opened its fourth location in the Crystal City neighborhood of Arlington. The grocery store spans 10,000 square feet of retail space, which makes it the largest Whole Foods Market Daily Shop to open and the first location to open outside of New York City. The store features more than 250 local items from the broader Washington, D.C., Maryland and Virginia (DMV) areas. The Arlington store officially opened on Thursday, Oct. 23. Information about the landlord was not released.
LAS VEGAS — Waterton and The NRP Group have acquired an 8.5-acre site on South Las Vegas Boulevard in Las Vegas and financially closed for the development of South Valley Apartments. The project is the first partnership between Waterton and The NRP Group. South Valley will features 368 studio, one-, two- and three-bedroom floor plans with select one-bedroom units featuring dens spread across two four-story, elevator-serviced residential buildings. Units will include quartz countertops, subway tile backsplashes, stainless steel appliances in the kitchens and vinyl plank flooring. Community amenities will include an outdoor pool, two courtyards, outdoor seating areas with fire pits and grilling stations, a club lounge, coworking space and a conference room. Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan. The NRP Group will serve as general contractor and provide property management services. Delivery of the first residences is slated for mid-year 2027 with completion scheduled for early 2028.
CHICAGO — Associated Bank has provided a $21.1 million construction loan to Wildwood Investments LLC and Concord Capital for the conversion of a 93,707-square-foot office and retail building in Chicago into 72 multifamily units. The seven-story property is located at 230 E. Ohio St. within the Streeterville neighborhood. Plans call for a mix of studio, one-, and two-bedroom units averaging 811 square feet. Existing first-floor retail, including Dao Thai Restaurant & Noodle Palace, Eye Society and YA Skin Studio, will remain open throughout construction. Completion is slated for December 2026. Elizabeth Hozian of Associated Bank handled the loan arrangements and closing.
FRASER, MICH. — Inland Real Estate Investment Corp. and Devon Self Storage, a member of The Inland Real Estate Group of Cos. Inc., have completed an 85,330-square-foot self-storage redevelopment project in Fraser, a northern suburb of Detroit. The property at 31475 Utica Road was formerly a light industrial facility built in 1975. The asset now consists of a two-story, climate-controlled building, along with exterior non-climate-controlled buildings, offering a total of approximately 750 storage units, a 24-hour security system and a drive-in area providing access to the main interior storage area.
GALVESTON, TEXAS — Fertitta Hospitality, which is part of the entertainment empire of Houston Rockets owner Tillman Fertitta, has completed the multimillion-dollar renovation of the 180-room Holiday Inn Resort Galveston – On the Beach hotel in southeast Texas. The renovation delivered upgraded guestrooms, redesigned common spaces and new food-and-beverage offerings, as well as new promotional packages for guests. Specifically, guestrooms received new lighting, artwork and bathroom fixtures, while the lobby, ballroom, game room and lounge were all refreshed.