ATLANTA — Atlanta Beltline has issued a request for proposals (RFP) for new mixed-use development on a site along the Beltline’s Southside Trail. The 13.7-acre site is located at 356 University Ave. near the city’s historic Pittsburgh neighborhood that the Beltline purchased in 2023. Atlanta Beltline met with more than two dozen community groups since April 2024 to discuss future plans for the site. Based on the community feedback and the Beltline’s newly completed master plan, the RFP is seeking a mix of market-rate and affordable housing, as well as a mix of commercial and industrial uses. More specifically, the RFP calls for at least 30 percent of residential units reserved as permanently affordable (10 percent at or below 80 percent AMI, 20 percent at or below 50 percent AMI); a minimum of 30 percent of total floor area dedicated to light-industrial use; affordable commercial space (at least 20 percent at rents 30 percent below market for more than 10 years); a partnership with an arts, cultural or community organization for onsite programming; and accessible green spaces, ADA pathways and Beltline connectivity. To date, the Beltline has acquired nearly 90 acres preserved for residential and commercial affordability for both residents …
Property Type
Parkland Residential Begins Leasing 140-Unit Build-to-Rent Townhome Community in Sugar Hill, Georgia
by John Nelson
SUGAR HILL, GA. — Parkland Residential, the build-to-rent (BTR) division of Parkland Communities, has begun leasing Park Ridge, a 140-unit BTR community located at 100 Park Summit Blvd. in Sugar Hill, a northeast suburb of Atlanta in Gwinnett County. Phase I of the development, which comprises 72 rear-entry, stacked townhomes, is underway. Parkland Residential has delivered a model home at Park Ridge that prospective renters can now tour. Each unit will be configured in one of two floorplans: a three-bedroom, 1,950-square-foot townhome branded The Dogwood and a two-bedroom, 1,600-square-foot townhome branded The Laurel. All units will feature a one-car garage, separate tub and showers in the master bathroom and a master bedroom with a walk-in closet.
SRS Brokers $7M Sale of New Store in Castle Hayne, North Carolina Leased to Tractor Supply
by John Nelson
CASTLE HAYNE, N.C. — SRS Real Estate Partners has completed the $7 million sale of a newly built, 21,930-square-foot store in Castle Hayne leased to Tractor Supply. The store is situated on 11.5 acres at 3400 Castle Hayne Road, roughly 11 miles north of Wilmington, N.C. Tractor Supply had 14 years remaining on its corporate-guaranteed lease at the time of sale. Calvin Short of SRS represented the seller, a developer based in Pine Hurst, N.C., in the transaction. Pierce Mayson of Matthews Real Estate Investment Services represented the buyer, an unnamed investor based in Conyers, Ga., that was completing the second leg of a 1031 exchange.
NEW YORK CITY — Local brokerage firm Ariel Property Advisors has arranged the $19.6 million sale of the Tegford Portfolio, a collection of nine rent-stabilized multifamily buildings totaling 237 units in the Longwood area of The Bronx. The buildings all rise five stories and are located along Wales Avenue, East 152nd Street, East 151st Street and Tinton Avenue. The portfolio also features 12 commercial spaces. Victor Sozio, Shimon Shkury, Jason Gold, Remi Mandell, Jake Brody and Gabriel Elyaszadeh of Ariel represented the undisclosed seller in the transaction. The buyer was also not disclosed.
NEW YORK CITY — Local brokerage firm Brax Realty has negotiated the $13.2 million sale of an office building in Manhattan’s Flatiron District. According to LoopNet Inc., the six-story building at 174-176 5th Ave. was constructed in 1900 and totals 21,588 square feet. The building also houses commercial space that is leased to Eisenberg’s Sandwich/S&P and State & Liberty. Michael Ferrara and Cole Kinney Leonhardt of Brax Realty brokered the deal. The buyer and seller were not disclosed.
WALPOLE, MASS. — Fun City Adventure Park will open a 40,500-square-foot entertainment venue south of Boston at Walpole Mall. Construction is underway on the venue, which will feature trampolines, inflatables, interactive games and party zones. Other tenants that have recently or will soon open at Walpole Mall include Burlington, The Milkshake Factory, Chick-fil-A, Duck Donuts and MANI-Q SALON. Regional owner-operator Wilder Cos. bought Walpole Mall in 2023 and has since implemented a range of capital improvements.
Merrimac Ventures, Fort Partners Break Ground on $1B Four Seasons Resort and Residences Telluride in Colorado
by Amy Works
MOUNTAIN VILLAGE, COLO. — Merrimac Ventures and Fort Partners have broken ground on the $1 billion Four Seasons Resort and Residences Telluride and closed on a construction financing package for the project. Slated for completion in 2028, construction is underway and more than 30 percent of the property’s inventory is already sold. Situated on 4.4 acres in Mountain Village, the project is backed by the successful closing on the land and a $417 million construction loan from J.P. Morgan, with additional financing from CanAm Enterprises. Merrimac and Fort Partners worked with the Town of Mountain Village, Telluride Ski and Golf and TMVOA to secure the land and bring the project to life. The development will feature 26 private residences ranging from two to five bedrooms, 43 hotel residences ranging from one to four bedrooms and 52 hotel guest rooms. Residences will offer floor-to-ceiling windows, terraces and in-home oxygenation systems. Penthouses will offer private terraces and outdoor spa pools. Resort amenities will include ski-in/ski-out access, ski valet and private lockers, a fitness center, spa and recovery center, an indoor lap pool, an outdoor hot tub, underground parking and a private residents’ club. The project team includes Olson Kundig as architect and Clements …
Headwaters Begins Preleasing at 172-Unit Active Adult Community in Northglenn, Colorado
by Amy Works
NORTHGLENN, COLO. — Headwaters has begun pre-leasing at Aspendale Northglenn, the owner and developer’s new active adult community in Northglenn. This project marks the second Colorado location for the newly launched Aspendale brand. Headwaters broke ground on the development in April 2024. Scheduled to begin move-ins in early 2026, the community will total 172 apartments across four stories. The property will also feature an 8,800-square-foot clubhouse, which will offer lifestyle programming, wellness spaces and gathering areas.
MESQUITE, NEV. — TK Storage has completed the sale of Pioneer Square, a 52,195-square-foot self-storage facility in Mesquite. A regional operator acquired the asset for an undisclosed price. Built in 2015 on 2.8 acres, Pioneer Storage offers 285 self-storage units across eight single-story self-storage buildings including 161 drive-up units. The property features a gated entry with digital keypad, an onsite management office in front of the entrance gate, 24/7 video surveillance throughout the facility, concrete driveways and units with roll-up doors. Jordan Farrer of The LeClaire-Schlosser Group of Marcus & Millichap represented the seller in the transaction.
Marcus & Millichap Brokers Sale of 27,199 SF Medical Office Building in Tacoma, Washington
by Amy Works
TACOMA, WASH. — The Vara Group of Marcus & Millichap has arranged the sale of NVA Referral Center, a net-lease property in Tacoma. A limited liability company sold the asset to an undisclosed buyer for $12.6 million. NVA Summit Veterinary Management LLC occupies the 27,199-square-foot property on a 10-year triple-net lease basis. The property is located at 2505 S. 80th St. Matthew Herman and RJ Vara of The Vara Group of Marcus & Millichap represented the seller in the deal.