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Karlo-Apts-Lacey-WA
DevelopmentMultifamilyWashingtonWestern

Koelsch Construction Completes 188-Unit Karlo Apartments in Lacey, Washington

by Amy Works

LACEY, WASH. — Koelsch Construction, on behalf of Koelsch Communities, has completed Karlo Apartments, a $66.5 million, 227,587-square-foot multifamily development in the Hawks Prairie neighborhood of Lacey. Karlo Apartments offers 188 one-, two- and three-bedroom units designed with a focus on modern craftsmanship and resident-centered living. The development caters to a mix of military families, professionals and long-term residents. Situated on 8.7 acres, the property offers a clubhouse, fitness center, pickleball and basketball courts, a children’s playground and pet play areas.

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Affordable HousingDevelopmentLoansMichiganMidwestMultifamilyWisconsin

Cinnaire Raises $340M for Affordable Housing Development, Preservation Across 11 States

by Kristin Harlow

LANSING, MICH. — Lansing-based Cinnaire has closed a $340 million Low-Income Housing Tax Credits (LIHTC) fund — the largest investment fund in the organization’s 32-year history — that will finance 33 affordable housing developments across 11 states. The financing will provide 2,455 units for more than 5,400 individuals and generate more than $844 million in local economic activity, according to Cinnaire. Specifically, Fund 43 will support developments such as Haven on Main in La Crosse, Wis., and Wellspring Recovery in Farmington Hills, Mich. Haven on Main will total 70 units with 59 affordable housing apartments and 11 market-rate units. Eighteen units are reserved for individuals with intellectual and developmental disabilities, veterans and those experiencing chronic homelessness. Half of the apartments are designed to support independent living for adults on the autism spectrum. Full supportive services will be provided by CouleeCap in partnership with Invista and Haven for Special People. Wellspring Recovery will feature 72 affordable housing units, including 60 floor plans that will be permanent supportive housing (PSH) dedicated to individuals recovering from opioid addiction. The PSH units will be housed in a separate building divided by a natural green space and supported by project-based rental assistance from Michigan State …

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CivicDevelopmentMidwestMinnesota

Kraus-Anderson Breaks Ground on $81.3M City Hall, Police Department Expansion in Burnsville, Minnesota

by Kristin Harlow

BURNSVILLE, MINN. — Kraus-Anderson has broken ground on an $81.3 million expansion of the Burnsville City Hall and police department. The property is located at 100 Civic Center Parkway in Burnsville, about six miles south of downtown Minneapolis. The facility will remain occupied and operational throughout construction, which is slated for completion in spring 2028. The 35-year-old complex will receive 110,000 square feet of additional space to better serve the city hall and police department. Designed by CNH Architects, the two-story, 212,000-square-foot project will feature state-of-the-art technology throughout; a 120,483-square-foot addition with an expanded city hall, police department, squad garage and gun range; and a 91,550-square-foot renovation of existing spaces. The complex occupies 8 acres of land that will undergo civil construction and infrastructure enhancements. Construction will be completed in three phases: the city hall addition, police department addition and city hall remodel and sitework.

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DevelopmentHealthcareMichiganMidwest

MyMichigan Health Opens 111,000 SF Cancer Center in Midland

by Kristin Harlow

MIDLAND, MICH. — MyMichigan Health has opened a new cancer center in Midland, a city in central Michigan. Hord Coplan Macht (HCM) designed the 111,000-square-foot facility, which is situated on a 225-acre wooded campus. HCM helped convert two aging medical office buildings into a modern care center through complete gut renovations, saving $12 million. The center consolidates services that were previously spread out across four buildings, including oncology, infusion, women’s health and support services. The project incorporates nature-infused architecture throughout its design.

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DevelopmentIllinoisMidwestRetail

McHugh Construction Completes $7M Parking Garage in East Dundee, Illinois

by Kristin Harlow

EAST DUNDEE, ILL. — McHugh Construction has completed a new public parking garage at 304 Hill St. in East Dundee, a far northwest suburb of Chicago. The $7 million design-build project, completed in partnership with Desmond Design, is the village’s largest infrastructure investment in years, according to McHugh. The two-level concrete structure adds 163 parking spaces to the downtown area, including a connected surface lot behind River Street Tavern and improved street parking along River Street. The garage also features 6,000 square feet of ground-level retail space. Premier Commercial Realty is currently marketing the retail space for sale on behalf of the village for $500,000. The garage features arched elevator tower windows and locally sourced blonde and red brick — a nod to the historic Hagar Brick Co. that operated for decades nearby.

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DevelopmentFloridaLoansMultifamilySoutheastTop Stories

13th Floor, Barings Receive $125M Construction Loan for Phase II of Miami Transit-Oriented Multifamily Development

by Kristin Harlow

MIAMI — South Florida-based developer 13th Floor Investments, in partnership with Barings, has received a $125 million construction loan for the second phase of Link at Douglas, a transit-oriented multifamily development in Miami. A syndicate of Santander Bank and TD Bank provided the loan. Known as Cadence, the project marks the third multifamily building at Link at Douglas, a 7-acre development located at the confluence of Miami’s Coral Gables and Coconut Grove neighborhoods. Now under construction, the 35-story tower will include 432 market-rate apartments, 12.5 percent of which will be set aside as workforce housing units. The project is adjacent to Miami-Dade County’s Douglas Road Metrorail Station. Construction is estimated to take 33 months to complete. “Securing this construction financing marks a major milestone in bringing the next phase of Link at Douglas to life,” says Daryl Shevin, CFO of 13th Floor. “It reflects strong confidence in our vision and the demand for well-located, high-quality transit-oriented housing in South Florida.” The first phase of Link at Douglas, which was completed in 2023, encompasses two fully leased multifamily towers with a total of 733 apartments. More than 30,000 square feet of retail space anchored by a Milam’s Market accompanies the 312-unit …

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DevelopmentFloridaMultifamilySoutheast

Mesa Capital Breaks Ground on Apartment Community Near Tallahassee

by John Nelson

BRADFORDVILLE, FLA. — Mesa Capital Partners has broken ground on The Bradbury at Bannerman Village, an apartment community located on a 14-acre site in Bradfordville, a city located north of downtown Tallahassee. The property will be located at Bannerman and Bull Headley roads within the Bannerman Village master-planned community. Situated near a Publix and the Landon Hill for-sale homes, The Bradbury will comprise two-story carriage homes and three-story walk-up buildings. Amenities will include a clubhouse, fitness center, sundry market, resort-style pool with grilling stations, dog park, EV charging stations and garage parking. Cadence Bank and SouthState Bank provided an undisclosed amount of construction financing to Mesa Capital Partners for the project, which will begin leasing in mid-2026 and be fully delivered in early 2027. The design-build team includes general contractor The Crown Group and architect The Coursey Group.

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DevelopmentFloridaSelf-StorageSoutheast

Spartan Investment Group Opens 660-Unit Self-Storage Facility in Central Florida

by John Nelson

GRAND ISLAND, FLA. — Spartan Investment Group has opened FreeUp Storage Eustis, a 660-unit self-storage facility located at 36536 S. Fish Camp Road near Lake Eustis in Grand Island, about 47 miles northwest of Orlando. Spartan Construction Management, a general contractor affiliate of the Colorado-based developer, broke ground on the facility in June 2024. FreeUp Storage Eustis features 340 climate-controlled units and 266 non-climate-controlled units across nearly 67,000 rentable square feet.

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Kimpton-Fredericksburg
DevelopmentHospitalityTexas

IHG to Open 210-Room Kimpton Hotel in Fredericksburg, Texas

by Taylor Williams

FREDERICKSBURG, TEXAS — IHG Hotels & Resorts will open a 210-room hotel in the Central Texas city of Fredericksburg under its Kimpton brand. Designed by Merriman Anderson Architects with interiors by Curioso and developed by Houston-based DC Partners, Kimpton Fredericksburg will be located within The Meuse, a 22-acre mixed-use development. The property will feature a full-service restaurant and bar, along with a poolside bar and lounge. Additional amenities will include a 10,000-square-foot outdoor pool and deck, fitness center, café and 18,500 square feet of indoor/outdoor meeting and event space. The opening is scheduled for 2027.

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AcquisitionsDevelopmentMultifamilyTexas

Transwestern Arranges Sale of Multifamily Development Site in South Houston

by Taylor Williams

HOUSTON — Transwestern has arranged the sale of a multifamily development site in South Houston. The site at 1500 Old Spanish Trail spans 2.1 acres within the 1500 OST master-planned development. The buyer, Houston-based developer Winther Investments, plans to develop a five-story, 280-unit building on the site. Jeff Peden and Scott Miller of Transwestern represented the seller, an entity doing business as 1500 OST LLC, in the transaction.

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