CLARKSVILLE, TENN. — Matthews Real Estate Investment Services has negotiated the sale of Victory Place Townhomes, a 194-unit property located at 401 Victory Road in Clarksville, about 54 miles northwest of Nashville. BridgeGaps purchased the asset in a 1031 exchange with the seller, Singletary Construction. The community traded hands for $31 million. Austin Tomaiko and Austin Graham of Matthews represented the seller in the deal. Victory Place Townhomes was developed by Singletary Construction in 2021. The property features amenities such as a pool, fitness center, leasing office and dog parks. …
BOSTON — Locally-based development and investment firm The Davis Cos. has begun leasing Hew at 1515, a 150-unit property located in the Brighton neighborhood of Boston. The building rises seven stories and offers studio, one-, two- and three-bedroom floor plans. Amenities include a clubroom with a catering kitchen, fitness center, rooftop terrace and bar, co-working spaces, a multi-sport simulator and a pet spa. Hew at 1515 is part of a larger complex at 1515 Commonwealth Ave. that includes a 102-unit condo building. The community was designed by RODE Architects. The …
NEW YORK CITY — Walker & Dunlop has arranged a $110 million construction loan for a 246-unit development to be located at 880 Atlantic Ave. in the Prospect Heights neighborhood of Brooklyn. Units will come in studio, one- and two-bedroom floor plans. The property will also include 13,000 square feet of commercial space. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella and William Herring of Walker & Dunlop arranged the financing on behalf of the developer, EMP Capital Group. QuadReal Property Group provided the financing.
REVERE, MASS. — Redgate is currently underway on the development of Gibson Point, a 291-unit community in the Boston suburb of Revere. Gibson Point offers studio, one-, two- and three-bedroom units. Amenities include a fitness studio, sauna and cold plunge pools, recovery room, private co-working areas and a lounge with an indoor/outdoor bar, deck and fully equipped kitchen. The property will also feature an on-site restaurant and immediate access to the nearby Gibson Park. Pre-leasing at the community is slated to begin on June 1, with the first move-ins beginning …
LAGRANGE, GA. — Alliance Residential Co. has opened Prose LaGrange, a 315-unit property in LaGrange, approximately 68 miles southwest of Atlanta. Located at 1900 Vernon Street, Prose LaGrange includes one- and two-bedroom units averaging 997 square feet. Amenities include a pool, clubhouse with entertainment kitchen, business center with co-working spaces, pet park, fitness center and mailroom with Luxor package lockers. The property is situated adjacent to WellStar West Georgia Medical Center and the Merganser Shopping Center, which includes a Publix, Starbucks and Chick-fil-A.
RICHMOND, TEXAS — Houston-based developer Meristem Communities has broken ground on the first building at Indigo, a 235-acre mixed-use project in Richmond, approximately 35 miles southwest of Houston. Upon completion, Indigo will include 800 residences, 42 acres devoted to agriculture and a 12-acre mixed-use town center called Indigo Commons. The first of the residences are set to deliver next month. Meristem Communities is also currently selling vacant retail pads and offering build-to-suit opportunities for retailers within Indigo Commons. The first building, called The Filling Station, will be situated in Indigo …
LONGMONT, COLO. — Thompson Thrift has opened Notch66, a 336-unit community in the northern Boulder suburb of Longmont. Notch66 is situated on an 18.4-acre site. Units come in one-, two- and three-bedroom layouts. Select apartments feature detached garages and private yards. Amenities include an early childhood education center for children with an on-site pediatric therapy center, clubhouse, fitness center, pool and dog park. The community is currently over 30 percent leased.
LEDYARD, CONN. — Value Asset Management (VAM), a property management subsidiary of Value Cos., has taken over management services at Fox Run Apartments in the southeastern Connecticut town of Ledyard. This is the first community in VAM’s portfolio to be located in Connecticut. Fox Run Apartments includes 172 units in studio-, one- and two-bedroom floor plans. According to Apartments.com, Fox Run Apartments was constructed in 1965. VAM has introduced an apartment rehabilitation program and rebranded the property website as part of a three-year capital improvements plan for the community.
CARMEL, IND. — Merchants Capital, an agency lender and tax credit equity syndicator based in Carmel, has promoted Chris Messmann to the role of executive vice president. In this position, Messmann will oversee the asset management, fund and risk management teams in the company’s tax credit equity division, including pre-closing financial projections and post-closing investor reporting. Messmann joined Merchants Capital in 2021. Prior to this, he served in a leadership role for 10 years at a national tax credit equity syndicator and was a tax accountant at Low Income Housing …
HICKORY, N.C. — Ohio-based developer Redwood Living is underway on Redwood Hickory, a 154-unit build-to-rent community in Hickory, 59 miles northwest of Charlotte. Residences will come in two-bedroom layouts ranging from 1,294 to 1,381 square feet. Units will feature vaulted ceilings, bonus living space, attached two-car garages, washer and dryer hookups, full-size appliances and patios. Monthly rents start at $2,099 per month. A construction timeline for the project was not disclosed.