Development

Momentum-Blanding-Jacksonville
Affordable HousingDevelopmentFloridaNewsSoutheast

Falcone Group Opens Attainable Housing Development in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — The Falcone Group has opened Momentum Blanding, a 240-unit workforce housing community in the Westside neighborhood of Jacksonville. The property is Boca Raton-based Falcone’s first workforce project. Monthly asking rents start at $1,299 for a one-bedroom apartment. The community also features two- and three-bedroom units as well as a resort-style pool, a clubhouse with a game room, a business center, a coffee bar, a resident lounge, a playground, a pet park, a yoga studio and a fitness center. Rentyl Apartments & Homes, also based in Boca Raton, …

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Exodus-Minneapolis
Affordable HousingDevelopmentMidwestMinnesotaNews

Aeon, Kraus-Anderson Break Ground on $24 Million Deeply Affordable Redevelopment in Minneapolis

by Lynn Peisner

MINNEAPOLIS — Aeon, a locally based affordable housing developer, owner and manager, along with contractor Kraus-Anderson, has broken ground on Exodus, a $24 million community that will include 72 studio units to support individuals experiencing homelessness or housing instability. The project consists of the redevelopment of and an addition to an existing eight-story building. Residents will be referred through Hennepin County’s behavioral health system and will be provided with comprehensive supportive services on-site by Touchstone Mental Health. Aeon is ground-leasing the site from St. Olaf Catholic Church, which owns the …

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Lulah-Decatur
DevelopmentGeorgiaNewsSoutheast

Crescent Communities will Be First to Break Ground at 78-Acre Atlanta-Area Mixed-Use Redevelopment  

by Lynn Peisner

DECATUR, GA. — Vertical construction at Lulah Hills, EDENS’ 78-acre redevelopment of the former North Dekalb Mall in metro Atlanta, will begin in December with the construction of NOVEL Lulah Hills. The six-story community will include 303 units in studio, one-, two- and three-bedroom floor plans. The development includes 39,000 square feet of ground-floor retail. Completion is slated for late 2027. Amenities will include a pool with cabanas, a beer and game garden, outdoor dining spaces, flexible space for workshops and events, a craft closet, a stocked dining pantry and …

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Residences-at-Palm-Court-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Related Group, Miami-Dade County Break Ground on Mixed-Income Project

by Lynn Peisner

MIAMI — Related Group and Miami-Dade County have broken ground on The Residences Palm Court, a 316-unit mixed-use, mixed-income LIHTC project at 950 NW 95th St. in Miami. Out of the 316 homes, 191 will be reserved specifically for seniors. Rents are capped at levels varying across the community from 20 to 80 percent of area median income. Completion is slated for late 2027. The project is a redevelopment that will replace two former public housing communities built during the 1970s. According to Related Group, all current on-site senior residents …

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DevelopmentGeorgiaNewsSoutheast

Alliance Residential Buys Land for Broadstone Development in Atlanta Tech Park

by Lynn Peisner

PEACHTREE CORNERS, GA. — Alliance Residential Co. has acquired 10.7 acres of land in Peachtree Corners, a city about 30 miles northeast of downtown Atlanta, for the development of Broadstone Innovation. The 326-unit property site is located within Technology Park Atlanta, a 500-acre district home to several tech firms and startups. Designed by Brock Hudgins Architects and MAD Studios, Broadstone Innovation will offer floor plans ranging from 600-square-foot junior one-bedrooms to 1,100-square-foot two-bedroom units. Amenities will include a resort-style pool, a fitness center, an outdoor kitchen, fire pits and access …

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CieloView-St-Cloud
DevelopmentFloridaNewsOperationsSoutheast

Alliance Residential Opens Cielo View in St. Cloud, Florida

by Lynn Peisner

ST. CLOUD, FLA. — Arizona-based Alliance Residential Co. has completed and opened Cielo View, a 311-unit community at 190 Everton Drive in St. Cloud, about 28 miles south of Orlando. Cielo View offers one- and two-bedroom units that feature Samsung stainless steel appliances, granite countertops, white shaker cabinetry with chrome hardware, in-unit washers and dryers and walk-in closets with dedicated linen and storage closets. Amenities include a 24-hour fitness center, a resident lounge with an entertainment kitchen, a mailroom with secure package lockers and a room for overflow packages, a …

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AVARA-Miami
DevelopmentFloridaNewsOperationsSoutheast

Mast Capital, Rockpoint Complete AVARA Miami Beach

by Lynn Peisner

MIAMI BEACH — Mast Capital and Rockpoint have opened AVARA, a 178-unit community at 3900 Alton Road in Miami Beach. Monthly asking rents at the eight-story development begin at $3,200 for a junior one-bedroom unit. Floor plans also are offered as two- and three-bedroom configurations as well as penthouses. Arquitectonica was the architect, interior design was provided by CID Design Group, and Within Hults + Partners was the landscape architect. Amenities include a second-floor pool deck overlooking Biscayne Bay that also features an outdoor kitchen with grilling stations. Inside, residents …

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Hom-Flats-Wyoming
Affordable HousingDevelopmentFinanceMichiganMidwestNews

Merchants Capital Arranges $91 Million for Mixed-Income Development in Metro Grand Rapids, Michigan

by Lynn Peisner

WYOMING, MICH. — Merchants Capital has arranged approximately $91 million in financing for the development of HōM Flats at 28 West, the third phase of a mixed-use, mixed-income development in Wyoming. Grand Rapids, Michigan-based investment and development firm Magnus Capital Partners is the developer. The financing package includes a $30.6 million Freddie Mac loan, $16.7 million in 4 percent Low-Income Housing Tax Credit (LIHTC) equity and a $43.5 million construction bridge loan provided by Merchants Bank. HōM Flats at 28 West will connect to 28 West Place, a recently renovated …

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Paseo-Austin
DevelopmentNewsOperationsTexas

LV Collective Opens Paseo in Austin

by Lynn Peisner

AUSTIN, TEXAS — Austin-based developer LV Collective, formerly known as Lincoln Ventures, has completed and opened Paseo, a 48-story tower at 80 Rainey St. in downtown Austin. Paseo offers 498 units in studio, one-, two- and three-bedroom floor plans, as well as four penthouses and a pool, deck and bar on the 12th floor with views of Lady Bird Lake. ROOST Rainey, a 59-room hotel, is located on floors 14 through 17. Residents also have access to Daydreamer, a ground-level café and bar, Amaya, a Mediterranean-inspired restaurant, a fitness center …

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The-Square-Athens
Affordable HousingDevelopmentGeorgiaNewsSoutheast

Public and Private Partners to Build $65 Million Affordable Housing Community in Downtown Athens, Georgia

by Lynn Peisner

ATHENS, GA. — Columbia Residential, in partnership with the Athens Housing Authority and Jonathan Rose Cos., has closed on $65 million in financing for development of The Square at NoDa. The 146-unit affordable housing community represents the second phase of a larger redevelopment of approximately 12 acres in north downtown Athens that was formerly home to the Bethel Midtown Village housing development, which was constructed in the early to mid-1970s and demolished in 2021. Phase I consisted of The View at NoDA, a 120-unit mixed-income community that opened in December …

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