Tuesday, July 1, 2025
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DevelopmentFloridaIndustrialSoutheast

Hunt Midwest, Boyd+Mox Complete 251,388 SF Speculative Industrial Facility in Central Florida

by John Nelson

OCALA, FLA. — Kansas City-based Hunt Midwest and locally based Boyd+Mox have delivered Ocala South Logistics I, a 251,388-square-foot speculative industrial facility in Ocala. The property represents Phase I of Ocala South Logistics Park, a 1.4 million-square-foot industrial park situated on 93 acres within Florida Crossroads Commerce Park in Central Florida. Building I features 32-foot clear heights, 67 dock-high doors, two drive-in doors, 60-foot-deep speed bays and 247 car parking stalls. The design-build team includes civil engineer Kimley-Horn, architect LS3P and general contractor Evans General Contractors. Rian Smith, Kris Courier and Josh Tarkow of CBRE are handling the leasing assignment, which includes leasing options for Building I and build-to-suit options for the remainder of the park. The facility, which is the only rear-load warehouse available in the market, is divisible from 50,000 square feet to 251,388 square feet.

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Affordable HousingDevelopmentKentuckyMultifamilySeniors HousingSoutheast

Woda Cooper, Housing Services Alliance Open Affordable Seniors Housing Community in Walton, Kentucky

by John Nelson

WALTON, KY. — Affordable housing developer Woda Cooper Cos. Inc. and Housing Services Alliance have opened Haven Crossing, an affordable seniors housing community in Walton, approximately 20 miles south of Cincinnati. Haven Crossing is a three-story, elevator-served building that provides 33 one-bedroom units and 24 two-bedroom units. It is restricted to residents age 55 and over earning 30 percent to 80 percent of the area median income (AMI). Project partners included Kentucky Housing Corp., Boone County, City of Walton, Marble Cliff Capital and First Financial Bank. Primary financing for the $13.2 million property was supported through the allocation of Low-Income Housing Tax Credit (LIHTC) equity by Kentucky Housing Corp. Marble Cliff Capital invested in the tax credits to provide equity financing. First Financial Bank invested in the project via MCC, and provided the construction loan. Cedar Rapids Bank & Trust is providing permanent debt for the project. Other partners on the project included Grimm Architecture, Chadan Engineering Inc. and Woda Construction Inc. Woda Management & Real Estate will handle leasing and management.

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AcquisitionsArkansasSoutheastStudent Housing

Tailwind Group Acquires 670-Bed Student Housing Community Near University of Arkansas

by John Nelson

FAYETTEVILLE, ARK. — The Tailwind Group has acquired Ozark Villas, a 670-bed student housing community located near the University of Arkansas campus in Fayetteville. The 213-unit property was acquired from Fountain Residential Partners for an undisclosed price. Teddy Leatherman of JLL brokered the transaction. Upon closing, the community was rebranded College Town Fayetteville. The new ownership has plans to begin major exterior renovations at the property imminently. Shared amenities at the community include a resort-style swimming pool, clubhouse, billiards, a fitness center, dog park, basketball court, sand volleyball court, collaborative study spaces, private study rooms, an outdoor kitchen and a fire pit.

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AcquisitionsData CentersDevelopmentSoutheastVirginia

Greysteel Arranges Sale of 85-Acre Site in Culpepper, Virginia for Future Data Center Campus

by John Nelson

CULPEPPER, VA. — Greysteel has arranged the sale of an 85-acre site in Culpepper, a city in Northern Virginia that sits about 70 miles outside of Washington, D.C. The buyer is DataBank, a data center development firm that plans to develop a 1.4 million-square-foot data center campus on the site. The development will include up to three two-story data centers and an onsite substation. The buyer recently purchased 95 acres in the Atlanta market and 34 acres in New York. Zach Benlemlih of Greysteel’s Mid-Atlantic team represented the land seller and DataBank in the transaction. The construction timeline for the project was not disclosed.

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DevelopmentGeorgiaMultifamilySoutheast

McShane Delivers 280-Unit Apartment Community in McDonough, Georgia

by John Nelson

MCDONOUGH, GA. — McShane Construction Co. has delivered Crofthouse McDonough, a 280-unit apartment community located at 2080 Jonesboro Road in McDonough, a southern suburb of Atlanta. South City Partners is the developer of the community, which is the multifamily component of a 31-acre mixed-use development that includes for-sale homes and retail/commercial space. Designed by Dynamik Design, Crofthouse McDonough features one-, two- and three-bedroom apartments, as well as a clubhouse with a game room, fitness center and yoga room, coworking space, pet spa, resort-style swimming pool, fire pit, grilling stations, putting green, dog park and a gazebo with a TV, bar and mini fridge. Alpha Management Partners manages the community, according to the property website. Rental rates range from $1,529 to $2,339.

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DevelopmentNorth CarolinaSoutheastStudent Housing

Stratus Breaks Ground on 153-Bed Student Housing Property Near Wake Forest University in North Carolina

by John Nelson

WINSTON-SALEM, N.C. — Stratus Development Group has broken ground on The Haven at Wake, a 153-bed student housing development located near the Wake Forest University campus in Winston-Salem. The community will offer a mix of two-, three- and four-bedroom units with bed-to-bath parity. Located at 450 Polo Road, the project is a half-mile from the Wake Forest campus. Shared amenities will include parking, a swimming pool and sundeck, clubhouse, study rooms, fitness facilities, community green space and a dog park. A timeline for the project was not announced.

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FloridaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Eight Retailers Join 2.2 MSF River Landing Shops & Residences Development in Miami

by John Nelson

MIAMI — Eight new retail tenants have signed leases totaling 15,000 square feet at River Landing Shops & Residences, a mixed-use development spanning 2.2 million square feet in Miami. Located at 1400 N.W. North River Drive, River Landing comprises approximately 360,000 square feet of retail/commercial space, 135,000 square feet of Class A offices, 528 market-rate apartments, more than 2,000 parking spaces and a landscaped riverwalk. Claire’s has opened an 870-square-foot store, and Ceci Spa Hair and Nails and Divine Lash have both opened in 1,030-square-foot spaces. Additionally, Miami Optical, Suite Svn, Anything is Everything and White Coat Beauty now occupy 1,200; 5,805; 2,000; and 1,078 square feet, respectively. Carrot Express has also signed a 2,012-square-foot lease at the property. Urban-X Group is the developer and landlord of River Landing, which opened in 2020. Retail space at the development is currently 94 percent leased, with other tenants including Publix, Pet Supermarket, Old Navy, Ulta Beauty, Planet Fitness, Five Below, Ross Dress for Less, Chick-fil-A and Hobby Lobby.

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Build-to-RentDevelopmentFloridaMultifamilySingle-Family RentalSoutheast

LyvWell Communities Develops Wellness-Centered Townhomes in Tampa’s Deer Valley

by John Nelson

TAMPA, FLA. — LyvWell Communities announces its latest build-to-rent development in Tampa: 115 new townhomes in the Deer Valley district. Land development is currently underway, with move-in dates available as early as summer 2024. LyvWell Communities caters to the health-conscious preferences of residents, developing properties with amenities such as pools, dog parks, outdoor fitness areas, Zen zones, community pavilions and community gardens. From fenced yards and garages to versatile living spaces equipped with air and water filtration systems, blackout shades for restful sleep, and circadian lighting, LyvWell Communities offers a comprehensive approach to well-being. According to Mike Bednarski, CEO of LyvWell Communities, “LyvWell Communities is driven by a mission that transcends traditional real estate. Our vision is to provide not just homes, but living experiences that emphasize wellness, community and self-preservation.” Community is a central pillar of the LyvWell Communities mission, and property managers host a wide variety of events and activities for their members such as group fitness classes, community barbecues and healthy cooking classes. LyvWell Communities’ development team has extensive experience in residential and multifamily development, investment and management and covers the Southeastern United States and Texas with their housing offerings.

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Conference CoverageDevelopmentFeaturesGeorgiaMultifamilySoutheastSoutheast Feature Archive

New Multifamily Starts to Slow to a Crawl in 2024, Say InterFace Panelists

by John Nelson

ATLANTA — Multifamily developers are bracing for the uncertainty of 2024 as their projects are delivering into a landscape where new supply is outpacing demand by a significant margin. In the third quarter, a total of 114,000 new multifamily units were delivered in the United States compared to 82,100 absorbed, according to research from CBRE. The absorption figure is technically rebounding as it represents the highest quarterly figure since early 2022, but there is still a sizeable delta compared to supply growth. The trailing four-quarter total for U.S. multifamily deliveries stands at 376,500 units, which CBRE reports is the highest since it began tracking the metric 27 years ago. “This is historic supply,” said Todd Oglesby, managing director of Alliance Residential Co.’s Southeast division. “It’s at the highest levels since the 1980s.” Oglesby made his comments as part of a panel of developers at France Media’s InterFace Multifamily Southeast, an annual conference held on Thursday, Nov. 30 at the Westin Buckhead hotel in Atlanta. Chad Riddle, senior project manager at Bohler, moderated the panel entitled “Given the Interest Rate & Debt Market Environment, How Are Developers Making New Projects Pencil?” Throughout the full-day conference, several panelists mentioned that their firms’ …

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DevelopmentGeorgiaMultifamilySoutheast

Tidal Delivers First Southeast Mass Timber Residential Project With 389-Unit Ann Street Lofts in Savannah

by John Nelson

SAVANNAH, GA. — Tidal Real Estate Partners, on behalf of investment vehicle Flank GP Fund I, has delivered Ann Street Lofts, a two-building residential development located at 110 Ann St. in downtown Savannah. The 389-unit property represents the first mass timber residential project in the Southeastern United States, according to Tidal. The developer and project architectural firm, LS3P, are targeting LEED Gold certification for Ann Street Lofts, which features a rooftop solar array and electric vehicle charging stations, as well as exposed timber columns, beams and ceilings throughout. Greystar manages the property, whose rental rates range from $1,712 to $3,902 per month, according to Apartments.com. Floor plans range from studios to four-bedroom apartments. Amenities include a pool, fitness center, clubhouse, movie theater, grilling areas, business center, onsite property management and maintenance, bicycle storage, pet play area and a pet washing station.

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