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DevelopmentGeorgiaMixed-UseSoutheast

Atlantic Cos. to Build Hillrose Market Mixed-Use Development in Roswell, Georgia

by John Nelson

ROSWELL, GA. — The Atlantic Cos. has received approval from the City of Roswell to build Hillrose Market, a mixed-use development in the northern Atlanta suburb of Roswell. Adjacent to City Hall with walkable trail connection to the Canton Street Historic District, Hillrose Market will transform a 7-acre site fronting Hill Street between Atlanta and Ellis streets. Plans call for a six-building, 75,000-square-foot retail village; an office building; the adaptive reuse of the former Roswell Police Department into a mixed-use hub with ground-floor retail space and second-floor workspace; 143 luxury rental apartments; 16 for-sale brownstones; abundant surface and structured parking; and pedestrian access to downtown Roswell and surrounding trails. Atlantic Cos. is developing Hillrose Market in a public-private partnership with the City of Roswell. ASD | SKY is leading design efforts, and The Providence Group is developing the brownstones. Westbridge is serving as commercial consultant, advising on the adaptive reuse and retail components. New South Construction Co. is the general contractor, and Kimley-Horn is the project engineer. Crosby Design Group is leading interior design services. Construction is slated to begin next year, with completion of the first phases anticipated in 2027.

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Affordable HousingDevelopmentFloridaSeniors HousingSoutheast

McDowell Housing Begins Construction on $64.7M Affordable Seniors Housing Project in South Florida

by John Nelson

PEMBROKE PARK, FLA. — McDowell Housing Partners has announced the commencement of construction of Ekos at Pembroke Park, a new affordable seniors housing development located in Pembroke Park. Upon completion, the $64.7 million project will total 150 units reserved for seniors earning up to 80 percent of the area median income. This marks the 16th affordable housing project in Florida for McDowell. Amenities at the community will include a clubroom, fitness center, package lockers, bike storage and six electric vehicle charging stations. Nonprofit organization Area Agency on Aging of Broward County will lease a commercial space at the property and offer onsite supportive services to residents age 60 and older. Financing for the development includes tax-exempt bonds and a loan from the Housing Finance Authority of Broward County; a loan from the Florida Housing Finance Corp.; LIHTC equity from U.S. Bank; and senior construction and permanent loans from R4 Capital.

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DevelopmentFloridaMultifamilySoutheast

Kolter Multifamily Breaks Ground on 256-Unit Alton Sarasota Apartment Development in Florida

by John Nelson

SARASOTA, FLA. — Kolter Multifamily LLC, an affiliate of Delray Beach, Fla.-based The Kolter Group, has broken ground on Alton Sarasota, a 256-unit, garden-style apartment community in Sarasota. Kolter expects to welcome first residents in winter 2026. Alton Sarasota represents the fourth apartment development in the Sarasota-Bradenton MSA for Kolter, which broke ground on Alton Palmetto in Palmetto, Fla., earlier this year. Situated along 63rd Avenue about three miles north of University Parkway, Alton Sarasota will feature one-, two- and three-bedroom apartments ranging in size from 765 to 1,248 square feet. The property will also include a modern clubhouse with a fitness center, coworking office space and a coffee lounge.

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AcquisitionsLouisianaRetailSoutheast

Legacy Realty Group Negotiates Sale of 84,146 SF Shopping Center Near Baton Rouge

by John Nelson

PLAQUEMINE, LA. — Legacy Realty Group Advisors has negotiated the sale of Belleview Shopping Center, an 84,146-square-foot retail center located in Plaquemine, roughly 14 miles south of Baton Rouge. Rouses Supermarkets anchors the property. Additional tenants include Dollar General, Citi Trends, Hibbett Sports and AT&T. Belleview Shopping Center was built in 1992 on 7.5 acres. Jacob Baruch and Ari Warshaw of Legacy Realty Group Advisors represented the buyer in the transaction, while Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller.

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AcquisitionsNorth CarolinaRetailSoutheast

First National Realty Purchases Food Lion-Anchored Shopping Center in Metro Charlotte

by John Nelson

SALISBURY, N.C. — First National Realty Partners (FNRP) has purchased Salisbury Marketplace, a grocery-anchored shopping center located in the Charlotte suburb of Salisbury. A 31,762-square-foot Food Lion anchors the property, which also houses Citi Trends, Family Dollar and Cricket Wireless. The property offers 9,300 square feet of contiguous vacancy, according to FNRP. Tom Kolarczyk of JLL represented the undisclosed seller in the transaction. The sales price was also not disclosed.

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AcquisitionsCompany NewsHospitalitySoutheastTop StoriesVirginia

Joint Venture to Purchase Sotherly Hotels REIT in All-Cash Transaction

by John Nelson

WILLIAMSBURG, VA. — A joint venture between Kemmons Wilson Hospitality Partners LP and Ascendant Capital Partners LP, doing business jointly as KW Kingfisher LLC, has entered into a definitive merger agreement with Sotherly Hotels Inc. (NASDAQ: SOHO), a hospitality REIT based in Williamsburg. Sotherly owns 10 upscale hotels in the Sun Belt and Mid-Atlantic totaling 2,786 hotel rooms, as well as interests in two condominium hotels and their associated rental programs. Sotherly’s portfolio includes:– The Georgian Terrace in Atlanta– The Whitehall in Houston– The DeSoto in Savannah, Ga.– Lyfe Resort & Residences in Hollywood, Fla.– Hyde Beach House in Hollywood, Fla.– DoubleTree by Hilton Hollywood Beach Resort in Hollywood, Fla.– Hotel Ballast in Wilmington, N.C.– Hotel Alba in Tampa, Fla.– Hyatt Centric Arlington in Arlington, Va.– DoubleTree Jacksonville Riverfront in Jacksonville, Fla.– DoubleTree by Hilton Laurel in Laurel, Md.– DoubleTree by Hilton Philadelphia Airport “This transaction is a testament to the high-quality portfolio that Sotherly has built over the past 20-plus years as a publicly traded company, and we are confident this will pave a path toward future success for our hotels and the associates and guests who enjoy them every day,” says David Folsom, CEO of Sotherly. Under terms …

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DevelopmentFloridaMixed-UseMultifamilyOfficeSoutheast

L&L, Oak Row Open 1 MSF Wynwood Plaza Mixed-Use Campus in Miami

by John Nelson

MIAMI — L&L Holding Co. and Oak Row Equities, along with project partners Shorenstein Investment Advisors and Claure Group, have opened Wynwood Plaza, a 1 million-square-foot mixed-use campus located at 95 N.W. 29th St. in Miami. The project is anchored by a luxury apartment community, shops and restaurants surrounding a half-acre public plaza and a 12-story office tower that is leased to tenants including Amazon (50,333 square feet). The development team has secured leases for more than half of the 266,000-square-foot office building, with other committed tenants including OKO Group, Weitz & Luxenberg law firm and Claure Group. The Class A office building features private outdoor terraces, floor-to-ceiling windows, a fitness club, golf simulator and conference rooms. Wynwood Plaza Residences comprises 509 apartments ranging in floorplans from studios to two-bedroom units. Monthly rental rates range from $2,495 to $4,660, according to Apartments.com. Amenities include basketball and pickleball courts, a lap pool, swimming pool, hot tub, cold plunge, coworking lounge with private offices and a large conference room, café, game area and a fitness center with a sauna, massage room and outdoor space. Additionally, Luca Steak is expected to open its new restaurant at Wynwood Plaza next year. The design-build team includes …

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AcquisitionsIndustrialSoutheastVirginia

JLL Negotiates Sale of 1 MSF Industrial Portfolio in Metro Richmond

by John Nelson

RICHMOND, VA. — JLL has negotiated the sale of a six-building industrial portfolio spanning more than 1 million square feet near Richmond International Airport. The portfolio comprises Class A and B buildings that were constructed between 1971 and 1999 across three sites. The assets are situated on the eastern side of Richmond’s metropolitan area near the intersection of I-295 and I-64. Bill Prutting, Pete Pittroff, Craig Childs, Chris Dale, Dave Andrews and Ginna Wallace of JLL represented the undisclosed seller in the transaction. The sales price was also not disclosed. The buyer, Silverman Group, has tapped SL Industrial Partners to manage the portfolio.

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Affordable HousingDevelopmentFloridaMultifamilySeniors HousingSoutheast

ANF Completes 99-Unit Affordable Seniors Housing Community in South Florida

by John Nelson

OPA-LOCKA, FLA. — Construction and development firm ANF has completed the construction of Wellspring Apartments, a new affordable seniors housing community located in Opa-locka, roughly 15 miles northwest of Miami. The Integral Group was the developer. Totaling 99 units, Wellspring Apartments features studio, one- and two-bedroom apartments. Residences are reserved for seniors earning at or below 60 and 50 percent of the area median income (AMI), with 67 units reserved for residents earning at or below 50 percent of AMI and 32 units reserved for residents earning at or below 60 percent of AMI. Amenities at the 81,350-square-foot property include a computer and library room, fitness center, community center with a full kitchen and a covered terrace.

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AcquisitionsRetailSouth CarolinaSoutheast

Marcus & Millichap Brokers $7.2M Sale of Shopping Center in Lexington, South Carolina

by John Nelson

LEXINGTON, S.C. — Marcus & Millichap has brokered the $7.2 million sale of Hope Ferry Center, a 51,749-square-foot retail center located in the Columbia suburb of Lexington. Built in 2001 on 3.5 acres, Hope Ferry Center was leased to 23 tenants at the time of sale, including McAlister’s Deli, Learning Express Toys, Snip-Its, Blush Boutique, Tulip Boutique and Regional Finance. Harrison Creason and Andrew Margulies of Marcus & Millichap represented the seller, a local family partnership that owns and manages shopping centers throughout the Southeast. The property has been under single ownership since construction.

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