NEW YORK CITY — A partnership led by L+M Development Partners is underway on construction of a 320-unit affordable housing project in the Rockaway area of Queens. The project will be known as Building D within the 116-acre Arverne East waterfront development and will house 230 rental units and 90 for-sale units, as well as indoor and outdoor amenity spaces. Information on rent restrictions was not disclosed. Other project partners include Urbane Development, The Bluestone Organization, Mega Group Development, Triangle Equities Development Co., New York State Homes and Community Renewal, the New York City Department of Housing Preservation and Development and the New York City Housing Development Corp.
JACKSONVILLE BEACH, FLA. — Locally based Trevato Development Group has broken ground on a $120 million multifamily development at 1944 Beach Blvd. in Jacksonville Beach, about 16 miles east of downtown Jacksonville. The property will offer 415 market-rate and workforce housing apartments, as well as 1,800 square feet of retail space on the ground level and public beachfront amenities. The site formerly housed Adventure Landing, a water park that closed its doors last Halloween after three decades of operation. Trevato Development purchased the site in 2021 and began demolition of the amusement park’s buildings and infrastructure this past spring. The developer plans to begin preleasing for the new multifamily community in early 2028. The design-build team includes Dynamik Design (architect) and England-Thims & Miller (civil engineer).
GREENVILLE, S.C. — McShane Construction has delivered District Eastside, a 262-unit apartment community located on a 9-acre site at the intersection of Pelham and Boiling Springs roads in Greenville. Flournoy Development Group is the developer of the property, which features five four-story, wood-frame buildings. Designed by Dynamik Design, District Eastside features one-, two- and three-bedroom apartments, as well as 10 live-work units and amenities including a resident lounge, heated saltwater pool, coworking lounge, hobby/art studio, fitness center and a dog park. The property also includes a separate standalone building that houses a car wash and pet spa. Monthly rental rates at District Eastside range from $1,430 to $2,838, according to Apartments.com.
PHILADELPHIA — SSH Real Estate has begun leasing The Witherspoon, a 186-unit apartment building in downtown Philadelphia that is a redevelopment of a historic former hospitality structure. The building, located on Juniper Street, was originally constructed in 1896. Today, The Witherspoon offers studio, one- and two-bedroom units with an average size of 601 square feet. Rents start at $1,290 per month for a studio apartment. Scully Co. manages the property.
SOMERSWORTH, N.H. — A partnership between developers Tidemark and BOD Holdings has completed The Overlook, a 135-unit multifamily project in Somersworth, located on the Maine-New Hampshire border. Designed by New Hampshire-based PROCON, the complex is located in the downtown area and offers studio, one-, two- and three-bedroom units and amenities such as a fitness center, package room, leasing office and onsite parking. Construction began in August 2024.
DULUTH, MINN. — Northmarq has arranged the $25.5 million sale of Vintage Acres, a 300-site manufactured housing community with two apartments and 14 mini-storage units in Duluth. Anthony Pino, Ari Azarbarzin, Jamie Grant and Wallace Halpert of Northmarq represented the seller, GHI Investments. Dan Trebil and Logan McCarthy of Northmarq arranged Freddie Mac acquisition financing on behalf of the buyer, Legacy Communities MHP. The $14.5 million loan features a five-year term and a fixed interest rate. Built in 1985, Vintage Acres spans 93 acres and is more than 97 percent occupied.
WEYMOUTH, MASS. — A joint venture between New York City-based Brookfield Properties and Boston-based New England Development has purchased the site of the former South Weymouth Naval Air Station in metro Boston. The co-developers acquired the 1,400-acre site from Washington Capital Management for $65 million. Brookfield and New England Development are planning a mixed-use redevelopment that would include 6,500 housing units, along with about 2 million square feet of commercial and retail space. The project will span more than 1,400 acres across three municipalities — Weymouth, Rockland and Abington, Mass. The Weymouth City Council has unanimously approved the land reuse plan, which also was approved by the towns of Rockland and Abington. The State of Massachusetts has also expressed strong support for the redevelopment plan. The redevelopment will mark the largest residential and commercial project to date in Massachusetts, according to John Twohig, executive vice president of New England Development. In addition to the commercial and residential components, the proposed project will preserve more than 880 acres of open and restricted space that can be activated for both public recreational use and wildlife preservation. Situated about 16 miles south of Boston in Norfolk and Plymouth counties, the South Weymouth Naval …
DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Sylvan Thirty, a 201-unit apartment complex located just west of downtown Dallas. Built in 2015, Sylvan Thirty offers one-, two- and three-bedroom units and amenities such as a pool, rooftop terrace, game room, business center, fitness center and outdoor grilling and dining stations. Joey Tumminello, Taylor Hill, Michael Ware, Drew Kile and Shelby Vosburg of IPA represented the undisclosed seller in the transaction and procured the buyer, California-based Archway Equities. Brian Eisendrath, Cameron Chalfant, Harry Krieger and Jake Vitta, also with IPA, arranged an undisclosed amount of acquisition financing for the deal through BrightSpire Capital.
AUGUSTA, GA. — Cushman & Wakefield has brokered the $87 million sale of Mason Augusta, a 462-unit apartment community located at 101 Pine Forest Road in Augusta. Taylor Bird, Robert Stickel, Alex Brown, Nelson Abels and Laura Aylor of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group represented the seller, Waypoint Residential, in the transaction. The buyer was Southwood Realty Co. Mason Augusta was developed in two phases in 2022 and 2024 and was 95 percent occupied at the time of sale. The property includes a mix of one-, two- and three-bedroom apartments ranging in size from 685 to 1,321 square feet, as well as a fitness center with yoga and spin studio, resort-style pools with sundecks and tanning ledges, clubhouse with e-lounge and coffee bar, game room, business center and a dining and lounge terrace with outdoor fireplace. Other amenities at Mason Augusta include an automated parcel system, dog park and indoor pet spa, garages and outdoor gathering spaces with grilling kitchens and fire pits.
ATLANTA — CCI Real Estate has begun leasing 740 Techwood, a 95-bed student housing development located near the Georgia Tech campus in Atlanta. CCI is developing the property in partnership with the Georgia Baptist Mission Board that will replace an existing Baptist Collegiate Ministries (BCM) building located at 740 Techwood Drive. CCI obtained $18 million in construction financing last year for the project. The 64,000-square-foot development will rise five stories and offer 55 fully furnished units in studio, one- and two-bedroom configurations. Shared amenities will include an onsite coffee shop, study lounges, study areas and an outdoor private courtyard with a fire pit. The development team for the project includes general contractor True North Cos. Completion is expected ahead of Georgia Tech’s 2027-2028 academic year.