FORT COLLINS, COLO. — Livmark Communities has broken ground on The Collins Apartments at Union Park, a 457-unit multifamily project in Fort Collins. Once complete, The Collins will feature 233 one-bedroom units, 160 two-bedroom apartments and 64 three-bedroom residences. Units will include quartz countertops, balconies, 36-inch bathtubs, kitchen islands, full-size washers and dryers, walk-in closets, luxury vinyl plank flooring and smart thermostats and locks. Community amenities will include a clubhouse, fitness room with yoga studio, sauna, golf simulator, pool and hot tub with cabanas, turf lounge area with cornhole, rooftop decks facing the mountains, controlled access, locked bike storage, elevators, community-wide gig-speed WiFi and garages with EV charging. The all-electric design will also include solar panels. The first units are slated for delivery in spring/summer 2027. Concord Summit Capital arranged a previously announced $115.5 million construction loan for the project.
MPZ, Capstone Near Completion of $36M Multifamily Adaptive Reuse Project in Templeton, Massachusetts
TEMPLETON, MASS. — A partnership between metro Boston-based MPZ Development and Capstone Communities is nearing completion of a $36 million multifamily adaptive reuse project in Templeton, about 65 miles northwest of Boston. A housing lottery was launched and closed on July 15, and full completion is slated for this fall. Designed by ICON Architecture, the project converted the historic Baldwinville Elementary School, which was originally built in 1923, into a 54-unit apartment complex known as Baldwinville School Apartments. Residences come in studio, one-, two- and three-bedroom floor plans, and the majority (49) of the units are reserved for households earning between 30 and 60 percent of the area median income. Amenities include a children’s playground, fitness center, electric vehicle charging stations, onsite laundry facilities and a community walking trail and green space.
POOLER, GA. — Thompson Thrift plans to soon break ground on The Foundry at Mosaic, a 300-unit luxury multifamily community located in Pooler, a western suburb of Savannah. The development will be capitalized with equity from the Thompson Thrift 2025 Multifamily Development investment fund. Construction is expected to begin this month, with resident move-ins anticipated for November 2027. Situated within the Mosaic Town Center mixed-use development, The Foundry will feature a mix of one-, two- and three-bedroom apartments spanning up to 1,475 square feet in size. Amenities will include a resort-style swimming pool, 24/7 fitness center, courtyards, an outdoor entertainment kitchen, grilling areas, a pickleball court, dog park, resident conference room, billiards, shuffleboard, a golf simulator and a variety of indoor/outdoor gathering spaces. The Foundry at Mosaic marks Thompson Thrift’s second multifamily development near the Savannah Quarters master-planned community. In addition, the firm recently completed construction on The Liliana, a 360-unit luxury apartment community currently leasing nearby.
NEW YORK CITY — M&T Realty Capital Corp. has provided a $141.4 million bridge loan for the refinancing of Anagram Turtle Bay, a 194-unit apartment building located at 300 E. 50th St. in Manhattan. Designed by BKSK Architects, the 23-story building houses studio, one-, two- and three-bedroom units, as well as street-level retail space. Amenities include a fitness center, library, coworking lounge, landscaped garden spaces, media lounge and a rooftop terrace. The three-year loan includes an extension option and retires a $95 million construction loan provided by Bank OZK. The borrower is local owner-operator Global Holdings.
WENTZVILLE, MO. — Northmarq has brokered the $70 million sale of Villages at Lake Silvercote, a 381-unit, garden-style multifamily property in Wentzville. Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee of Northmarq represented the seller, a local investment group. The buyer was a private firm. Villages at Lake Silvercote features a mix of one-, two- and three-bedroom apartments and townhome-style residences, averaging 1,190 square feet. Amenities include a pool, fitness center, clubhouse and barbecue grill areas.
CHICAGO — Becovic Residential has acquired The Vivian, a nine-story apartment building located at 6807 N. Sheridan Road in Chicago’s Rogers Park neighborhood, for $25.6 million. The Vivian features 160 units, comprised of 104 studios and 56 one-bedroom apartments along with 9,915 square feet of ground-floor commercial space. Originally constructed in 1921 as the historic Rogers Park Hotel, the building has been thoughtfully restored to preserve its Art Deco architecture. Amenities include a rooftop lounge and clubroom with views of Lake Michigan and the Chicago skyline, a fitness center housed within the building’s original ballroom, a renovated lobby and resident gathering areas, bike storage and a dog wash. Over the past several years, the property has received more than $10 million in capital improvements, including elevator modernization, plumbing and electrical upgrades, replacement of water risers, common area renovations and the creation of new amenity spaces. Pete Evans of Berkadia brokered the sale. Elizabeth Hozian of Associated Bank structured financing for the acquisition. Becovic Management Group Inc. will manage the property.
OVERLAND PARK, KAN. — Caisson Capital Partners has acquired Preston Court, a 181-unit multifamily community in Overland Park, for $23.4 million. The acquisition marks the firm’s first investment in metro Kansas City and increases its multifamily assets under management to more than $100 million. Built in 1968, Preston Court features units averaging 1,034 square feet. Amenities include a business center, clubhouse, fitness center, pool, picnic areas and pet-friendly spaces. Caisson acquired the property at a 6.3 percent cap rate utilizing fixed-rate Fannie Mae financing. Caisson plans to modernize apartment interiors while enhancing common areas, landscaping and signage. CBRE represented the seller, Price Brothers.
LOS ANGELES — Walker & Dunlop has arranged a $28.9 million loan for the refinancing of Billy G. Mills Manor, an affordable housing complex next to the University of Southern California in Los Angeles. Jeff Kearns and Laura Woltanski of Walker & Dunlop secured the refinancing through HUD/FHA’s Section 223(f) loan program on behalf of Watt Capital Developers. Billy G. Mills Manor features 102 affordable housing units supported by a Project-Base Section 8 Housing Assistance Payment (HAP) contract covering 100 percent of the residences. The refinancing will also fund approximately $30,000 per unit for planned renovations, including roof replacement, new windows and sliding doors throughout the property. The transaction closed simultaneously with a 20-year renewal of the property’s Project-Base Section 8 contract, preserving long-term affordability.
WILLITS, CALIF. — TCC Properties has sold Redwood Meadows, a 101-unit seniors housing property in the Northern California city of Willits, to Echelon Communities for $10.8 million, or $106,931 per unit. Isaak Heitzeberg of Marcus & Millichap represented the seller in the transaction and procured the buyer in conjunction with Marcus & Millichap’s Andres Guerra. Built in 1989 on 7.1 acres, Redwood Meadows features four studio units, 58 one-bedroom residences and 39 two-bedroom apartments. Community amenities include a clubhouse, redwood garden, two laundry rooms, rentable storage units and a dog park. Located at 1475 Baechtel Road, the site also includes land with initial city approval for up to 15 additional units.
CHICAGO — Related Midwest has topped off construction for the North Tower of 400 Lake Shore, a 635-unit residential tower located in the Streeterville neighborhood on the Near North Side of downtown Chicago. The 72-story building, which originally broke ground in June 2024, is slated for delivery in spring 2027, with preleasing underway. The South Tower, a second, shorter tower, is planned to follow in a later phase. Designed by the late David Childs of Skidmore, Owings & Merrill, the tower’s 857-foot tiered exterior features staggered outdoor terraces, a reimagined historical bay-window glass curtain wall and an architectural apex, an 83-foot, transparent glass extension that sits directly on top of the 72nd floor. Related Midwest’s in-house contracting company, LR Contracting Co., alongside BOWA Construction, built the first phase of the project, which spans roughly 1.1 million square feet. “Future residents can see just how spectacular this building will be when it opens next spring, taking full advantage of its location where Lake Michigan meets the Chicago River,” says Curt Bailey, president of Related Midwest. “We’re grateful to the hundreds of tradespeople who have worked tirelessly over the past two years to transform this long-dormant site into a bold addition to the lakefront …