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Stonington Village
ConnecticutDevelopmentFinanceNewsNortheast

READCO Secures $41.5 Million Construction Financing for Mixed-Use Project in Stonington, Connecticut

by Channing Hamilton

STONINGTON, CONN. — READCO has received $41.5 million in construction financing for Stonington Village, a 160-unit mixed-use development in Stonington, a town situated along the Long Island Sound in Connecticut’s New London County. Henry Schaffer and Madeline Joyce of JLL Capital Markets arranged the five-year, fixed-rate loan through Liberty Bank. Located at 85 Voluntown Rd., Stonington Village will feature six buildings. Units will come in studio, one-, two- and three-bedroom floor plans. Planned amenities include a clubhouse, pool and parking facilities. The project includes an affordable housing component. However, income …

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Soto
CaliforniaDevelopmentNewsWestern

Partnership Breaks Ground on 200-Unit Community in Torrance, California

by Channing Hamilton

TORRANCE, CALIF. — A partnership between Legacy Partners and DWS Group has begun the construction of Soto, a 200-unit project in Torrance, roughly 30 miles west of Anaheim, California. The project team includes Westport Construction as the general contractor and Architects Orange as the designer.  Located at 3862 Carson St., Soto will offer studio, one- and two-bedroom floor plans. Units will range from 633 square feet to 1,118 square feet. Planned amenities include a rooftop pool and amenity deck with an indoor-outdoor fitness center, resident clubhouse, coworking area and two courtyards …

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An unnamed development in Hutto, Texas
DevelopmentNewsTexas

Partnership Breaks Ground on 336-Unit Project in Metro Austin

by Channing Hamilton

HUTTO, TEXAS — A partnership between Wood Partners and ParkProperty Capital (PPC) has broken ground on a 336-unit development in Hutto, approximately 30 miles north of Austin. Located off of Ed Schmidt Boulevard, the community will comprise 10 three-story buildings.  Amenities will include a fitness center, a business lounge, private offices, a clubroom with a coffee station, pool and fenced dog park. Additionally, in collaboration with city officials, the development will feature two pickleball courts, parkland with a walking trail and an 18-hole disc golf course that will also be …

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The Stacks
DevelopmentNewsNortheastWashington, D.C.

Akridge, National Development Complete First Phase of Mixed-Use Project in D.C.

by Channing Hamilton

WASHINGTON, D.C. — Akridge and National Real Estate Development have opened Colette and Everly, two apartment communities situated within The Stacks, a mixed-use project in the Buzzard Point neighborhood of Washington, D.C. The openings of Colette and Everly mark the completion of the mixed-use project’s first phase. Phase I of The Stacks totals nearly 1 million square feet, including three apartment buildings with 1,116 units and more than 90,000 square feet of amenity spaces. Phase I also includes approximately 22,000 square feet of public parks, 40,000 square feet of retail …

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DevelopmentFloridaNewsSoutheast

Thompson Thrift Nears Completion of 324-Unit Project in Pensacola, Florida

by Channing Hamilton

PENSACOLA, FLA. — Indianapolis-based developer Thompson Thrift is nearing completion of The Quinn, a 324-unit project located at 5800 W. Nine Mile Road in Pensacola, about 50 miles west of Destin, Florida. The first move-ins began last fall, and Thompson Thrift expects to complete construction by the end of the summer. Situated on 18 acres, The Quinn features a mix of one-, two- and three-bedroom apartments. The average unit size is 1,000 square feet. Shared amenities include a clubhouse, fitness center, pool, community grilling areas, fire pits, cabanas, turf area …

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Presidium 183
DevelopmentLeasing & MarketingNewsTexas

Presidium Begins Leasing 374-Unit Community in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Presidium has begun leasing Presidium 183, a 374-unit project located near The Domain in North Austin. The community offers several different floor plans. Units feature stainless steel appliances, quartz-style countertops and individual washers and dryers. Rents start at roughly $1,320 per month for a studio. Residents have access to amenities such as a coworking lounge with private offices, fitness center with yoga and spin studios, a speakeasy-style bar, entertainment room with a theater and golf simulator, outdoor game lawn, pool and a dog run.  Presidium broke ground …

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Latitude 38 Apartments
DevelopmentIllinoisMidwestNews

Mia Rose Holdings Nears Completion of 144-Unit Project in Metro St. Louis

by Channing Hamilton

GLEN CARBON, ILL. — Mia Rose Holdings is nearing completion of Latitude 38 Apartments, a 144-unit development located in Glen Carbon, about 14 miles northeast of St. Louis. MBG is building the project, which is slated to open in May. Kunkel Wittenauer is handling leasing efforts. Amenities at Latitude 38 Apartments will include a pool, clubhouse, fitness center, dog park, walking trails, grills and electric vehicle charging stations. The property is part of the larger Meridian Plaza, a 44-acre mixed-use development. 

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Ben Hill
DevelopmentGeorgiaNewsSoutheast

Wood Partners Breaks Ground on 236-Unit Project in Atlanta

by Channing Hamilton

ATLANTA — Wood Partners has broken ground on Ben Hill, a 236-unit community in Atlanta. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a clubroom, coworking space, day offices, a fitness center, pool and dog park. The property is located near Hartsfield-Jackson Atlanta International Airport, as well as major industrial corridors such as the Fulton Industrial Corridor and the I-85 South industrial corridor. The locally based developer began constructing the project in January. Ben Hill is slated for completion in August 2026.

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The Astoria
DevelopmentFinanceNewsUtahWestern

Midtown Capital Receives $31.5 Million Bridge Loan for Salt Lake City Development

by Channing Hamilton

SALT LAKE CITY — Midtown Capital has secured a $31.5 million bridge loan to complete the construction of The Astoria, a 149-unit property situated in the Fairpark District of Salt Lake City. Located at 11 N. 800 West, the seven-story asset will offer 372-square-foot micro units, 545-square-foot studios and one- and two-bedroom floor plans up to 955 square feet each.  The development is slated for completion in the third quarter of 2025. Scott Wadler, Patrick Johnson, Mitch Sinberg, Brad Williamson and Matt Robbins of Berkadia arranged the financing. New York-based …

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50 Hudson St.
DevelopmentFinanceNew JerseyNewsNortheast

Tishman Speyer Receives $331 Million Construction Loan for Jersey City Apartment Tower

by Channing Hamilton

JERSEY CITY, N.J. — Tishman Speyer has received a $331 million loan from global investment group CDPQ for the construction of a 40-story apartment tower in Jersey City. Located at 50 Hudson St. in the Paulus Hook neighborhood, the community will consist of 924 apartments and 10,000 square feet of street-level retail space. Units will come in studio, one- and two-bedroom floor plans. The New York City-based developer plans to break ground on the tower in the coming weeks, with completion slated for 2028. The development is the sister building of 55 …

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