Development

Clock-Tower-Residences
DevelopmentFinanceNewsTexas

Radom Capital Secures Financing, Breaks Ground on Houston Adaptive Reuse Project

by Lynn Peisner

HOUSTON — Radom Capital and Asana Partners have secured construction financing for and broken ground on Clock Tower Residences in Houston, the multifamily portion of the JV’s Heights Clocktower mixed-use project in Houston’s Heights neighborhood. JLL arranged a four-year construction loan through Veritex Community Bank. The project is a redevelopment of the Heights Clock Tower building, which dates back to approximately 1894. Radom acquired the property in 2020, according to the Houston Business Journal and CoStar, and co-owns the building with retail real estate investment firm Asana Partners. Clock Tower …

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The-Riverie
Affordable HousingDevelopmentLeasing & MarketingNew YorkNewsNortheast

Leasing Begins at The Riverie in Brooklyn’s Greenpoint Neighborhood

by Lynn Peisner

NEW YORK CITY — Lendlease has launched pre-leasing at The Riverie, an 834-unit mixed-income development in the Greenpoint area of Brooklyn that fronts the East River. Thirty percent of the units are designated affordable, but specific rent caps were not disclosed. Designed by Marvel Architects, The Riverie includes a 37-story and a 20-story tower with a connected mid-rise podium. The property also includes approximately 13,000 square feet of retail space, as well as an 18,000-square-foot public waterfront esplanade connecting to the India Street Pier, which is served by the NYC …

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Clayton at Tour 18
DevelopmentNewsTexas

BHW Capital Breaks Ground in Houston on Second Golf Course-Adjacent Property

by Lynn Peisner

HOUSTON — Locally based multifamily development firm BHW Capital has begun construction on Clayton at Tour 18, a 288-unit community located adjacent to the fairway of the 12th hole on the Tour 18 golf course in the Atascocita/Humble area of Northeast Houston. This project is BHW’s second multifamily development in the area. In 2020, the firm completed construction of The Park at Tour 18, a 241-unit community. BHW anticipates completion by the end of 2027, with leasing commencing in 2026. The one- and two-bedroom units will feature open-concept floorplans, built-in …

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Rock-Run
DevelopmentIllinoisMidwestNews

Cullinan Breaks Ground on Multifamily Portion of Chicago Mixed-Use Project Rock Run Collection

by Lynn Peisner

JOLIET, ILL. — Cullinan Properties has broken ground on the first phase of The View at Rock Run, a 573-unit apartment community set on 30 acres within the larger 310-acre Rock Run Collection mixed-use development in Joliet. PREMIER Design + Build Group and Humphreys & Partners Architects are, respectively, constructing and designing the community that will consist of fourteen three-story, garden-style apartment buildings. Amenities will include a pool, volleyball and bocce ball courts and a fitness center with a separate yoga area. Phase I of The View includes three residential …

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Lauderhill-Point
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

Fairstead Completes $17.7 Million Broward County Rehab

by Lynn Peisner

LAUDERHILL, FLA. — Fairstead has completed the $17.7 million renovation of Lauderhill Point, a 176-unit affordable housing community in Lauderhill. Fairstead acquired Lauderhill Point in 2024 for $26.5 million. Total acquisition and redevelopment costs amounted to $68.7 million, or approximately $390,000 per residence. Financial partners on the acquisition included the Housing Finance Authority of Broward County, which helped obtain $40 million in tax-exempt bond financing, and the Florida Housing Finance Corp., which facilitated $25 million via the Low-Income Housing Tax Credit (LIHTC) program. Additional financial partners included Freddie Mac, PNC …

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Madison-Bradenton
DevelopmentFinanceFloridaNewsSoutheast

Peachtree Group Approved for Immigrant Investor-Funded Bradenton Project

by Lynn Peisner

BRADENTON, FLA. — Peachtree Group has received federal funding approvals for the development of Madison Bradenton, a 240-unit property in Bradenton. The EB-5 Immigrant Investor program, which is funding the development, allows residents of other countries to apply for a permanent U.S. residence (also known as a green card) provided they make commercial investments in the United States. The minimum investment is $800,000, and the project must create or preserve at least 10 full-time jobs. The program is administered by U.S. Citizenship and Immigration Services. Peachtree Group is pairing the …

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The-Ford-Apartments-Denver
Affordable HousingColoradoDevelopmentNewsWestern

Evergreen Real Estate Group Secures Land, Tax Credits for Denver Affordable Development

by Lynn Peisner

DENVER — Evergreen Real Estate Group has closed on land and secured 9 percent Low-Income Housing Tax Credits through the Colorado Housing and Finance Authority for the development of The Ford Apartments, a six-story, 60-unit community in Denver’s Baker neighborhood. Monthly rents will be income-capped at 30 to 80 percent of area median income. Evergreen expects to break ground on the project in early 2026 and to complete it in fall of 2027. Located at 155 W. 5th Ave., the site is situated adjacent to the Denver Health hospital campus. …

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Mill-and-Miss
Affordable HousingDevelopmentMidwestMinnesotaNews

Oppidan Breaks Ground on Workforce Housing in Grand Rapids

by Lynn Peisner

GRAND RAPIDS, MINN. — Oppidan Investment Co., a national property development firm headquartered in Excelsior, Minnesota, has broken ground on Mill + Miss, a new workforce housing project in Grand Rapids, located 178 miles north of Minneapolis. The 121,000-square-foot, 132-unit development is comprised of one-, two- and three-bedroom floor plans. The developer expects to complete the project in March 2027. Oppidan partnered with the City of Grand Rapids, the Grand Rapids Economic Development Authority, Iron Range Resources & Rehabilitation Board and the Minnesota Housing Finance Agency through the state’s Workforce …

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DevelopmentNew JerseyNewsNortheast

Woodmont Properties Breaks Ground on Transit-Oriented Project in Woodbridge, New Jersey

by Lynn Peisner

WOODBRIDGE TOWNSHIP, N.J. — Locally based Woodmont Properties has broken ground on Woodmont Rail at Metropark, a 300-unit, transit-oriented community in Woodbridge Township, located 30 miles south of Manhattan. Completion is expected in 2028. The six-story property will be made up of studios, one-, two- and three-bedroom units that feature Energy Star appliances, quartz countertops and balconies. Woodmont Rail at Metropark will include approximately 23,000 square feet of amenities, including a fitness center, a coworking center with conference rooms, a clubroom, multi-sport simulator, resort-style pool, rooftop bar and lounge, dog …

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The-Reserve-at-Estuary
DevelopmentLeasing & MarketingNew JerseyNewsNortheast

Hartz Mountain Completes Lincoln Harbor Development

by Lynn Peisner

WEEHAWKEN, N.J. — Hartz Mountain Industries has completed development of The Reserve at Estuary, a 218-unit property in Weehawken’s Lincoln Harbor neighborhood. Located at 1525 Harbor Blvd., the seven-story community spans one city block fronting the Hudson River and offers studio to two-bedroom-plus-den layouts, with select homes featuring private balconies, patios or terraces. The architect was New Jersey-based MHS Architecture. The Reserve at Estuary includes about 40,000 square feet of indoor and outdoor amenities that include a resort-style pool and hot tub with a sundeck, a landscaped courtyard featuring lounge …

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