Multifamily

GAINESVILLE, FLA. — 908 Group has broken ground on Chapter House UF, a 684-bed student housing development located at 920 S.W. Depot Ave. in Gainesville near the University of Florida campus. The project is being developed in partnership with Batson-Cook Development Co. and an undisclosed, Fortune 100 insurance company. The community will offer 219 units alongside 9,000 square feet of shared amenity space. The development team includes ARCO/Murray, Humphreys & Partners Architects and NV5. Pacific Life provided an undisclosed amount of construction financing. Asset Living has been tapped to manage Chapter House UF upon completion, which is scheduled for summer 2028.

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GREENVILLE, S.C. — Canyon Partners Real Estate LLC has provided a $48 million loan for the refinancing of NorthPointe Apartments, a 286-unit community in Greenville. Walker & Dunlop’s Capital Markets Real Estate Finance team arranged the loan on behalf of the borrower, a joint venture between ECI Group and Central Realty Holdings. Built in 2021, NorthPointe features 21,400 square feet of ground-floor retail space, 597 structured parking spaces, a resort-style pool, 24-hour fitness center and a community room with a full kitchen and outdoor fireplaces.

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The-Katy-at-Waterloo-Trails-Denison

DENISON, TEXAS — A joint venture between 2GR Equity, Preston Forrest Capital and Cross Development is underway on construction of The Katy at Waterloo Trails, a 236-unit multifamily project in Denison, about 75 miles north of Dallas. The site is located within the Waterloo Trails master-planned development, and the property will offer amenities such as a pool, fitness center, business center, a community kitchen and dog parks. Information on floor plans was not disclosed. Completion is slated for late 2027.

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NEW YORK CITY — A partnership between The New York City Housing Authority, Fairstead, BRP Cos., Urbane and the Local Development Corp. of East New York has completed the $636 million rehabilitation of Reid Apartments and Park Rock, two affordable housing communities in Brooklyn. Located on the east side of the borough, Reid Apartments & Park Rock comprise 1,696 affordable housing units across 87 buildings that are home to roughly 3,000 people. Upgrades covered unit interiors and building exteriors, as well as mechanical and utility systems, security measures and resident services. The project also preserves the communities’ affordability status. Specific renovations included upgraded kitchens and bathrooms, new floors, appliances, fixtures and finishes, as well as modernized heating and ventilation systems, restored building facades, enhanced security infrastructure and elevator upgrades. The project also introduced upgraded lobbies and common areas, new storefronts, new community spaces, free community-wide Wi-Fi, fresh landscaping and improvements to outdoor amenity spaces. Lastly, residents now have access to expanded support services such as case management, healthy food programs, workforce development opportunities, youth programming and senior services.

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1000-Jefferson-Hoboken

HOBOKEN, N.J. — JLL has brokered the sale of 1000 Jefferson, a 217-unit apartment building in Hoboken. Built in 2007, the six-story building houses 93 one-bedroom units, 114 two-bedroom residences and 10 three-bedroom apartments with an average size of 960 square feet. Amenities include a pool, fitness center and a rooftop deck. Jose Cruz, Steve Simonelli, Mike Oliver, Elizabeth DeVesty, Austin Pierce and Luke Chakonis of JLL represented the seller, Clarion Partners, in the transaction. Atlanta-based Invesco Real Estate purchased the building for an undisclosed price.

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the-bricks-perimeter-center-dunwoody

DUNWOODY, GA. — TruAmerica Multifamily has acquired Bricks at Perimeter, a 446-unit, garden-style apartment community located in Dunwoody, roughly 16 miles north of downtown Atlanta. The seller and sales price were not disclosed. Built in 2007, Bricks at Perimeter offers 16 studios, 250 one-bedroom, 154 two-bedroom and 26 three-bedroom apartments averaging 926 square feet in size. Amenities at the property include a fitness center, electric vehicle charging stations, a swimming pool, clubhouse, putting greens, a grill, dog park, business center and access to MARTA. As part of the acquisition, TruAmerica plans to renovate the property as 442 out of 446 apartments are still outdated or only partly upgraded.

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ELCO-Yards-Redwood-City-CA

REDWOOD CITY, CALIF. — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co., and joint venture partner Barings have broken ground on a two-building apartment development within the ELCO Yards mixed-use district of Redwood City. Both residential projects are slated for delivery in 2029. The first community, located at 1555 El Camino Real, will feature 252 units with unit sizes averaging 751 square feet, and 5,277 square feet of ground-floor retail space. The second residential building, located at 113 Beech St., will offer 249 units, with floor plans averaging 787 square feet. Both communities will offer studio, one-, two- and three-bedroom layouts, with a portion of all units reserved as affordable housing. Onsite community amenities at both buildings will include rooftop decks and lounges with views of Redwood City and the Santa Cruz Mountains, clubrooms, resort-style pools, spas, covered parking and coworking spaces. Additionally, both communities will offer immediate access to green spaces. WRNS Studio designed both residential buildings, as well the completed commercial phase, while SBI Builders is serving as general contractor. ELCO Yards is a six-block mixed-use redevelopment project creating a transit-oriented neighborhood with 501 apartments, more than 600,000 square feet of office and lab/research space, …

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The-Pottery-Golden-CO

GOLDEN, COLO. — AC Development, the Coor’s family development company, has completed The Pottery, an office building that is the first phase of Clayworks, a 14-acre redevelopment of the former CoorsTek ceramics manufacturing site in Golden. The project team for The Pottery includes AC Development as developer, Tryba Architects as architect and Holder Construction as general contractor. The completion of The Pottery also marks the return of CoorsTek’s global headquarters to its original location in Golden, where the company’s ceramics operation was established in 1910. The CoorsTek and AC Development teams completed their move into the 188,600-square-foot office building this month. The Pottery was created through the adaptive reuse of the former CoorsTek headquarters and manufacturing facilities with the new building incorporating historic elements, including the brick façade along Ford Street and the original kiln elements. Clayworks is transforming the former Coors industrial campus into a mixed-use neighborhood across six city blocks, with plans for office, retail, dining, public gathering areas, housing, parking and a boutique hotel that will reimagine the historic Golden High School. Sweet Bloom Coffee Roasters is the first announced retail tenant at Clayworks and is set to open on the ground floor of The Pottery later …

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EVANSTON, ILL. — Draper and Kramer Inc. has acquired a 268-unit luxury apartment community in Evanston. The 15-story property, Albion Evanston, will be rebranded as Eva. Draper and Kramer will also assume property management of the community, which was 98.5 percent leased and 98 percent occupied at the time of acquisition. The property offers studio, one- and two-bedroom floor plans ranging from 441 to 1,988 square feet. Amenities include a fitness center with indoor-outdoor yoga studio, outdoor heated rooftop pool, rooftop sky club, pet spa, coworking space and a Luxer One package room. The property includes 198 parking spaces. The first floor features 7,090 square feet of fully leased retail space, with current tenants the reform method and IMAGE Studios Salon Suites. JLL represented the undisclosed seller.

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The-Kent-Austin

AUSTIN, TEXAS — Austin-based HPI Real Estate Services & Investments has broken ground on The Kent, a seven-story, 396-unit apartment project that will be located near The Domain on the state capital’s north side. Specific information on floor plans and amenities was not disclosed. HPI is developing The Kent in partnership with multiple private investors. Belshaw Mulholland Architects designed the project, and Austin-based OHT Partners is serving as the general contractor. Completion is slated for mid-2029.

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