GREER, S.C. — Developer Advenir Oakley Capital and general contractor Capstone Building Corp. have completed construction of LEO Jamestown, a $78 million build-to-rent (BTR) development in Greer, 12 miles northeast of Greenville, South Carolina. LEO Jamestown includes 296 units offered as one-, two- or three-bedroom floor plans. Amenities include a resort-style pool, a pool house, clubhouse, a fitness center and outdoor green spaces. Advenir Azora is managing the property.
ASHEVILLE, N.C. — Delray Ventures has selected RKW Residential to manage two of its properties in Asheville, The Patton and The Avery. The Patton is a 117-unit, four-story community Delray developed in 2017. It offers units ranging from studios to two-bedroom floor plans. About two blocks away is The Avery, a 187-unit property Delray completed earlier this year. The community also features studio, one, and two-bedroom floor plans.
JERSEY CITY, N.J. — The NRP Group and its partners, G&S Investors and Rockwood Capital, have completed development of Oliver on the Hudson and have opened the property. Oliver on the Hudson is a 401-unit community in the Port Liberté neighborhood of Jersey City, where Manhattan is about a 15-minute ferry ride away. KTGY Architecture and Planning served as the lead architect for the five-story building, with Bergmeyer overseeing interior design. Financing for the project includes senior construction loans from Citizens and Fifth Third Bank, with Rockwood Capital providing joint …
HOUSTON — Hoar Construction has completed work on Rone Residences, a 12-story development in Houston’s River Oaks/Upper Kirby area. High Street Residential, the residential subsidiary of Trammell Crow Co., was the developer, and ZCA Residential was the architect on the project. ZRS Management is handling property management and leasing. Residents have begun moving in. Rone Residences features 209 units and approximately 2,900 square feet of retail at 2311 Westheimer Road. The complex offers four levels of parking, a 24-hour concierge desk, a fitness center, a lounge, a dog run and an …
NASHVILLE, TENN. — Flournoy Development Group has selected McShane Construction Co. to build Declan Hermitage, a 315-unit community in Nashville’s Hermitage neighborhood. Completion of Declan Hermitage is slated for June 2027. Dynamik Design is the architect. Positioned on a 15-acre site, the development will integrate six garden-style buildings with three and four stories. Units will be offered in one- to three-bedroom layouts. Amenities will include a clubhouse, pool and sun deck, grill stations, fire pits, a dog park and a car wash. McShane is currently building three additional multifamily communities …
SURPRISE, ARIZ. — Dominium has closed on land in Surprise, a Phoenix suburb about 22 miles northwest of downtown. The developer is planning to build Allasso Ranch on the site. The project will comprise 304 affordable homes supported by low-income housing tax credits. While specific area-median-income caps were not disclosed, the developer says a three-bedroom unit will rent for $1,597 per month, and a four-bedroom will rent for $1,770. According to RentCafe, average monthly asking rents for a three-bedroom in Surprise are about $2,054. Amenities will include a leasing center, …
MIAMI — Marcus & Millichap has arranged the $3.6 million sale of Walker Apartments, a five-building, 18-unit portfolio in Miami. Nicholas McAndrew, Evan P. Kristol and Felipe Echarte, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private owner in the transaction, marking the first time the property has changed hands in about 40 years. Built in 1960, the units at Walker Apartments are located at five separate street numbers along NE 5th Place on a 1.2-acre lot. The unit mix comprises one- and three-bedroom apartments. …
MCDONOUGH, GA. — Alliance Residential has opened The Weldon by Broadstone, a 330-unit community in McDonough, an Atlanta suburb located about 35 miles south of downtown. The architect and interior designer on the project was Atlanta-based Dynamik Design, Planners & Engineers Collaborative+ was the project’s engineer. The Weldon offers a selection of one- and two-bedroom units that feature full-size Samsung side-by-side washers and dryers. Amenities include a saltwater pool with in-pool chaises, outdoor lounge seating and a pergola-covered outdoor entertainment area with grilling stations. Additional amenities include a 24-hour fitness …
CHICAGO — McShane Construction Co. and partner Ashlar Construction have completed the development of Westhaven Park Station in Chicago. Developers on the 96-unit, mixed-income project were Brinshore Development and The Michaels Organization. The 12-story building marks the final phase of redevelopment of the former Henry Horner Homes complex, which was a cluster of several public-housing buildings originally developed in the 1950s and 1960s in the Near West Side area. The concrete building offers a total of 121,800 square feet with three retail spaces on the ground floor and residential units on …
INDIANAPOLIS — Indianapolis-based investor Buckingham Cos. has received a $330 million loan to refinance seven properties in five states. The New York-based CBRE Debt & Structured Finance team of Shawn Rosenthal, Jason Gaccione, Tom Traynor, Tom Rugg, Jake Salkovitz, Henry Fenmore, Lauren Weinstein and Justin Helbling arranged the floating-rate loan funded by Goldman Sachs and Atlas SP Partners. Buckingham’s portfolio comprises 2,381 units. The firm began acquiring the properties, which were constructed between 1982 to 2021, seven years ago and has invested approximately $45 million in capital improvements since then, …
