Southeast

MOUNTAIN BROOK, ALA. — A joint venture between Daniel Corp. and Evson Inc. has started construction on The Residences at Lane Parke, a 276-unit apartment community in the Lane Parke development near Mountain Brook Village. Crews will raze the existing Park Lane apartments, followed by site development and vertical construction of the Residences at Lane Parke. The project is slated for completion in spring 2014. Amenities will include a pool, clubhouse and gardens. Wakefield Beasly & Associates Architects is designing the project and Hoar Construction is providing construction services. First Commercial Bank is providing the financing.

ATLANTA — The project team for a $57 million, 25-story residential project at 77 12th St. in Midtown Atlanta recently held a topping off ceremony for the development. The 615,000-square-foot complex will include 330 units, a saltwater pool, bocce ball courts and private terraces. Brasfield & Gorrie broke ground on the project in December 2011 and the complex is slated for completion this September. Rule Joy Trammell + Rubio is the project architect. The 77 12th St. project is the latest phase of the 12th & Midtown development, which includes 1010 Midtown and 1075 Peachtree, also constructed by Brasfield & Gorrie.

LONG BEACH, MISS. — HFF has arranged a $12.3 million refinancing loan for Beach Club Apartments, a 220-unit, garden-style community in Long Beach. The property, located at 2012 W. 2nd St., is less than a half mile from the Gulf of Mexico. The 20-building community includes a fitness center, clubhouse, swimming pool and playground. Units average 1,061 square feet. Travis Anderson and Cory Fowler led the HFF team that arranged the 10-year, fixed-rate loan through M&T Realty Capital Corp. on behalf of the borrower, Dawn Properties Inc.