Author

Channing Hamilton

Park Center in Dunwoody, Georgia

DUNWOODY, GA. — The Dunwoody City Council has approved the rezoning of Phase IV of Park Center, a 17-acre mixed-use development in the northern Atlanta suburb of Dunwoody. KDC, a Dallas-based developer and investment firm, is the master developer for the project. Locally based Cooper Carry will serve as the architect. The original plan for the project involved the construction of a single 2.2 million-square-foot office tower, which would act as the East Coast hub for State Farm Insurance. The amended zoning will allow KDC to change its plans to …

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DECATUR, TEXAS — Colliers Mortgage has closed a $32.9 million HUD loan to facilitate the construction of Deer Park Apartments in Decatur, about 40 miles north of Fort Worth. Fritz Waldvogel arranged the financing through a partnership with Old Capital Lending. The loan carries a 40-year term and amortization. The borrower was Deer Park Apts QOZB LLC. Deer Park Apartments features 204 apartments in one-, two- and three-bedroom floor plans. Amenities include a fitness center, business center, community room, pool, mail center, billiards room, outdoor lounge area, outdoor grills and …

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Jones & Rio in San Antonio

SAN ANTONIO — JLL Capital Markets has arranged the sale of Jones & Rio, a 191-unit asset located in River North mixed-use district in San Antonio. Robert Arzola, Ryan McBride and Robert Wooten led the Investment Sales and Advisory team representing the seller, Benefit Street Partners. Jones & Rio was built in 2017. According to the property website, amenities include a pool, lounge, fitness center, coffee bar and package system. 

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Williamsburg Wharf in New York City

NEW YORK CITY — A partnership between locally based developer Naftali Group and holding company Access Industries is underway on the construction of Williamsburg Wharf, an 850-unit project in Brooklyn. The development is situated on 3.8 acres off Kent Avenue, adjacent to the Brooklyn Navy Yard. Williamsburg Wharf will comprise five 22-story buildings that will also include retail and commercial space. The waterfront community will also feature an open lawn, walking and biking paths, a public park and dog run.

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PASSAIC, N.J. — BridgeInvest has provided a $34.5 million loan to The Birch Group to finance the acquisition of The Pennington, a 147-unit property in the New York City suburb of Passaic. The Pennington is situated on 3.6 acres at 119-231 Pennington Ave. Amenities include a community room, children’s playroom and male and female gyms. According to the property website, units come in studio, one-, two- and three-bedroom layouts.

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Rock Ridge Commons in Moline, Illinois

MOLINE, ILL. — A partnership consisting of ARTISAN Capital Group, Ballast Real Estate Partners and Boulder Venture has acquired Pheasant Ridge, a 216-unit community in the western Illinois city of Moline. The unit mix includes 72 one-bedroom and 144 two-bedroom apartments. The community has been rebranded as Rock Ridge Commons. The buyers plan to invest $8 million into renovating the property. Capital improvements will begin by addressing deferred maintenance, followed by renovations to all units, as well as the clubhouse and common areas. The new owners will also install a …

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DANBURY, CONN. — Northeast Private Client Group (NEPCG) has negotiated the sale of Willow Park Apartments, a 21-unit property in Danbury, 50 miles northeast of New York City. The asset traded hands for $5.2 million. Jeff Wright and Rich Edwards of NEPCG represented the seller and procured the buyer in the deal. Both parties requested anonymity. According to Apartments.com, Willow Park Apartments offers one-bedroom units that span 575 square feet.

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3Waller in Austin, Texas

AUSTIN, TEXAS — JLL Capital Markets has brokered the sale of 3Waller, a 259-unit property in downtown Austin. Placemakr purchased the asset from Transwestern for an undisclosed price. Ryan McBride, Robert Arzola, Robert Wooten, Alex Fernandes and Nick Beardslee of JLL represented the seller in the deal. 3Waller was built in 2022. The complex offers studio, one- and two-bedroom micro-units that have an average size of 467 square feet.

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The Pointe on Westshore in Tampa, Florida

TAMPA, FLA. — American Landmark Apartments has acquired The Pointe on Westshore, a 444-unit community in the Westshore Marina District of Tampa. The seller and sales price were not disclosed. Situated at 4950 W. Prescott Street, The Pointe on Westshore was built in 2021. The property includes 13 five-story buildings and two-story townhomes. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, pet spa, business center and barbecue and picnic area.

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Prose Columbus in Columbus, Georgia

COLUMBUS, GA. — Alliance Residential Co. has delivered Prose Columbus, a 340-unit property in Columbus, approximately 80 miles southwest of Atlanta. Situated at 6700 River Road, Prose Columbus offers one- and two-bedroom apartments averaging 960 square feet. Amenities include a fitness center, mailroom, business center with co-working space, dog park, a pool with tanning shelves and in-pool loungers, two grilling stations and a resident clubroom with an entertainment kitchen. Architect Dynamik Design designed the property.

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