Development

JLL Arranges $123M in Construction Financing for Brooklyn Multifamily Project

by Taylor Williams July 28, 2025

NEW YORK CITY — JLL has arranged $123 million in construction financing for a 158-unit multifamily project that will be located at 450 Union St. in the Gowanus area of Brooklyn. The financing consists of a $90 million loan from Bank Hapoalim and IDB Bank and a $33 million equity investment from Global Holdings Management Group. Known as Anagram Gowanus, the 20-story building will house 118 market-rate apartments and 40 affordable housing units in studio, one-, two- and three-bedroom floor plans. Amenities will include a fitness center, children’s playroom, coworking space and an indoor-outdoor rooftop lounge, as well as 22,000 square feet of retail and commercial space. Peter Rotchford, Nicco Lupo, Winfield Clifford and Jonathan Faxon of JLL arranged the financing on behalf of the developer, a joint venture between two local real estate companies, MacArthur Holdings and Tankhouse. Completion is slated for mid-2027.

July 28, 2025

Development Massachusetts Multifamily Northeast Student Housing

Capstone, Tufts University Break Ground on 664-Bed Residence Hall in Metro Boston

by Taylor Williams July 28, 2025

MEDFORD, MASS. — A public-private partnership between Capstone Development Partners and Tufts University has broken ground on a 664-bed residence hall on the university’s campus in Medford, located north of Boston. The site is situated along the edge of campus adjacent to the Medford/Tufts Green Line public transportation station and previously housed a surface level parking lot. The complex will span 271,000 square feet across two 10-story buildings that will offer 271 apartment-style units in studio, two-, four- and six-bedroom configurations. Shared amenities will include common rooms and lounges, a fitness center, study spaces, conference rooms and onsite laundry facilities, as well as 4,000 square feet of retail space. Project partners include Provident Resources Group, Elkus Manfredi Architects, Erland Construction, Steven Winter & Associates and Barclays. Completion is slated for fall 2027.

July 28, 2025

Development Multifamily New Jersey Northeast

Jefferson Apartment Group Completes 500-Unit Project in Burlington, New Jersey

by Taylor Williams July 28, 2025

BURLINGTON, N.J. — Jefferson Apartment Group, a developer based in Northern Virginia, has completed J Centra, a 500-unit multifamily project located in the Southern New Jersey community of Burlington. The property comprises 20 buildings on a 46-acre site that house 452 apartments in one-, two- and three-bedroom floor plans, as well as 48 townhouse-style units with garages. Residences, 20 percent of which are designated as affordable housing, are furnished with stainless steel appliances, quartz countertops, custom cabinetry, tile backsplashes, walk-in closets and individual washers and dryers. J Centra also features two separate clubhouses totaling nearly 11,000 square feet that have outdoor kitchens, courtyards, lounge areas and pools. Other amenities include a grand clubhouse with a fireplace lounge, bar, gaming area, coworking stations and a pet spa, as well as a fitness center with a yoga studio, pickleball and tennis courts, a playground, dog park and walking trails. Rents start at roughly $2,200 per month for a one-bedroom apartment.

July 28, 2025

Company News Development Georgia Industrial Southeast

Pilgrim’s to Invest $400M for Prepared Foods Facility in Northwest Georgia, Create 630 Jobs

by Abby Cox July 28, 2025

LAFAYETTE, GA. — Pilgrim’s, a global food company primarily known for producing and processing chicken and pork, will invest $400 million for the construction of a new prepared foods facility located in the northwestern corner of Georgia in LaFayette, about 30 miles south of Chattanooga, Tenn. Situated within Walker County Business Park, the multi-phase development is expected to create more than 630 new jobs at full capacity. The project is scheduled to break ground in the fall, and hiring is expected to begin in 2027, aligning with the scheduled completion of the first phase of construction. Lori Dowdy, in partnership with the Walker County Development Authority and Georgia Quick Start, internally represented the Georgia Department of Economic Development’s (GDEcD) Global Commerce team in the Pilgrim’s deal. Pilgrim’s currently operates seven food production facilities across Georgia, employing roughly 7,500 people.

July 28, 2025

Development Georgia Multifamily Southeast

Alliance Residential Opens 330-Unit Multifamily Community in McDonough, Georgia

by Abby Cox July 28, 2025

MCDONOUGH, GA. — Alliance Residential Co. has opened The Weldon by Broadstone, a 330-unit multifamily community located in McDonough, roughly 30 miles south of Atlanta. The project team included locally based Dynamik Design, which served as the architect and interior designer, and Planners & Engineers Collaborative, which served as the project’s civil engineer. Situated within metro Atlanta’s I-75 corridor, The Weldon features one- and two-bedroom apartments ranging in size from 810 square feet to 1,182 square feet, according to Apartments.com. Amenities at the complex include a resort-style saltwater swimming pool with in-pool lounge chairs, outdoor lounge seating, a covered outdoor entertainment area with grilling stations, 24-hour fitness center, coworking spaces, a clubroom with an entertainment kitchen, gated pet park, children’s playground and a mailroom featuring a Luxer One package locker. Private balconies will also be available to residents in select units. Rental rates begin at $1,383 for a one-bedroom apartment.

July 28, 2025

Development Hospitality North Carolina Southeast

TMGOC Ventures Delivers 208-Room Moxy Hotel in Uptown Charlotte

by Abby Cox July 28, 2025

CHARLOTTE, N.C. — TMGOC Ventures has delivered the Moxy Charlotte Uptown Hotel, a 208-room boutique hotel located in Uptown Charlotte. The hotel was delivered in collaboration with general contractor BL Harbert International, ODA Architecture and interior designer DLR Group. This hotel marks TMGOC Ventures’ second ground-up Moxy project, as well as its 18th operating hotel in its national portfolio. Lexima Lodging manages the property, which features a 24-hour fitness center, valet parking, a ground-floor Starbucks Coffee shop and nearly 7,000 square feet of flexible event space with indoor-outdoor connectivity and skyline views. Additional communal spaces at the hotel include the Bar Moxy, a rooftop lounge, and various breakout rooms. Moxy is a boutique hotel brand that Marriott International launched in partnership with IKEA.

July 28, 2025

Development Illinois Industrial Leasing Activity Midwest

Seefried Preleases 190,606 SF Spec Distribution Facility in Mount Prospect, Illinois

by Kristin Harlow July 28, 2025

MOUNT PROSPECT, ILL. — Seefried Industrial Properties has preleased O’Hare Logistics Center 16, a 190,606-square-foot speculative distribution facility located at 1305 E. Algonquin Road in Mount Prospect. Accelerated Global Solutions, an air cargo and freight forwarding services company, is expanding its operations into the new property upon completion. Situated on a 13-acre site, O’Hare Logistics Center 16 is located six miles north of the Chicago O’Hare International Airport and features immediate access to I-90 and I-294. Jonathan Kohn and John D’Orazio of Colliers represented the tenant, while Jason Lev, John Suerth and Jimmy Kowalczyk of CBRE represented Seefried. FCL Builders is the general contractor, Kimley-Horn is the civil engineer and Harris Architects is the architect of record.

July 28, 2025

Affordable Housing Development Illinois Midwest Multifamily

Skender Breaks Ground on 48-Unit Supportive Housing Development in Northbrook, Illinois

by Kristin Harlow July 28, 2025

NORTHBROOK, ILL. — Skender has broken ground on Poupard Place, a 48-unit supportive housing development in the Chicago suburb of Northbrook. Developed by nonprofit Housing Opportunity Development Corp. and designed by Cordogan, Clark & Associates, the project marks the city’s first affordable housing community and is slated for completion in summer 2026. The 1.5-acre project site was donated by the Village of Northbrook. Poupard Place will offer affordable homes for individuals and families where at least one household member is living with a disability. The development is named for Tom Poupard, the retired director of Northbrook’s Development and Planning Services. The four-story building will include a mix of one-, two and three-bedroom apartment units. Plans also call for a children’s play area.

July 28, 2025

Development Multifamily Texas

Brem Group Acquires 230-Unit Milo on Westheimer Apartments in West Houston

by Taylor Williams July 25, 2025

HOUSTON — Multifamily investment firm The Brem Group has purchased The Milo on Westheimer, a 230-unit apartment complex in West Houston that was built in 2015. According to Apartments.com, the property features one- and two-bedroom units and amenities such as a pool, fitness center, business center, playground, outdoor grilling and dining stations and package handling services. Brem Group obtained Freddie Mac financing and a $4.5 million preferred equity investment from Chicago-based investment firm 29th Street Capital to secure the acquisition. The seller was not disclosed.

July 25, 2025

Development Restaurant Retail Texas

Asana Partners Underway on 160,000 SF Retail Redevelopment Project in Dallas

by Taylor Williams July 25, 2025

DALLAS — Charlotte-based developer Asana Partners is underway on a 160,000-square-foot retail redevelopment project in Dallas. The project will convert the former Oak Lawn Design Plaza in the city’s Design District into an upscale shopping and dining destination known as The Seam. The redevelopment will feature updated lighting, modern hardscapes and softscapes, new curb lines and sidewalk upgrades. Asana Partners has tapped Dallas-based GFF and Morris Adjmi Architects to design the project, and Adolfson & Peterson Construction to serve as the general contractor. Completion is slated for next summer.

July 25, 2025

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