Development

Lakeforest-Gaithersburg
Affordable HousingDevelopmentMarylandNewsNortheast

WRS Breaks Ground on $1.2B Lakeforest Mall Redevelopment in Gaithersburg, Maryland

by Lynn Peisner

GAITHERSBURG, MD. — WRS has broken ground on the 102-acre redevelopment of Lakeforest Mall in Gaithersburg. The mall opened in 1978 and closed in 2023. WRS’ plans call for replacing the mall’s footprint with a walkable “mini-city.” Through a multi-phase construction project, WRS will replace the 1.1 million square feet of the mall building and its surrounding parking lots with 1,600 housing units, which include approximately 850 rental units and 750 for-sale units including stacked duplexes, townhomes and for sale condominiums. National homebuilder NVR has been tapped to develop approximately …

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Flint-Trails-Gardner
Build-to-RentDevelopmentKansasMidwestNews

Sallee Development Breaks Ground on $69M BTR Project in Kansas City Metro

by Lynn Peisner

GARDNER, KAN. — Sallee Development has broken ground on Flint Trails, a $69 million, 264-unit build-to-rent community in Gardner, approximately 30 miles south of Kansas City. The project includes a mix of two- and three-bedroom townhomes as well as a pool, clubhouse and pickleball court. Financing was provided by CommunityAmerica Credit Union. Davidson Architecture + Engineering is the engineer, and Emery Sapp is the general contractor. Estimated monthly asking rents for the units are $2,200. Completion is slated for late 2027. Sallee is headquartered in Lee’s Summit, Missouri, located on …

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Canopy-Crest-La-Grange
Build-to-RentDevelopmentFinanceGeorgiaNewsSoutheast

River North Partners Underway on BTR Project South of Atlanta

by Lynn Peisner

LA GRANGE, GA. — River North Real Estate Partners has broken ground on Canopy Crest, a build-to-rent community in La Grange, 67 miles southwest of Atlanta. JLL arranged a $33.5 million construction loan for Phase I, which includes 152 rental homes in a mix of duplexes, detached homes and a product type River North refers to as a “barndominium,” an apartment floor plan averaging approximately 1,242 feet. All homes will be finished with granite countertops, stainless steel appliances, vinyl plank flooring and smart locks and thermostats. Amenities include a fitness …

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DevelopmentNew MexicoNewsWestern

Revere Capital Completes The Hill in Los Alamos, New Mexico

by Lynn Peisner

LOS ALAMOS, N.M. — Revere Capital has completed development of The Hill, a 149-unit community in Los Alamos. The project cost was approximately $65 million. The Hill was completed after Revere assumed ownership during construction in 2025, working with Los Alamos County and the project’s general contractor. The Hill consists of one-, two- and three-bedroom homes priced from $2,400 to $4,200 per month in asking rents. Some units may be rented by the bedroom. The Hill’s amenity package includes a clubhouse, fitness center, resort-style pool, ramada with outdoor kitchens, two …

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Affordable HousingCaliforniaDevelopmentNewsWestern

Thomas Safran & Associates Open Vista Terrace in Los Angeles’ Panorama City Area

by Lynn Peisner

LOS ANGELES — Locally based affordable housing developer Thomas Safran & Associates has completed Vista Terrace, a 102-unit LIHTC community in the Panorama City neighborhood of Los Angeles. The project includes a mix of studio, two- and three-bedroom floor plans as well as 25 units set aside for renters formerly experiencing homelessness. Units feature heating and air conditioning, plank flooring and window coverings. Select units offer private patios or balconies. With onsite management, amenities include a library, community room, fitness center, laundry facility, landscaped outdoor areas, 55 parking spaces and …

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The-Carina-Santa-Ana
CaliforniaDevelopmentFinanceNewsWestern

Affinius Secures $144M for The Carina in Orange County, California

by Lynn Peisner

SANTA ANA, CALIF. — Affinius Capital has landed a $144 million construction loan to build The Carina in Santa Ana. JLL’s Jamie Kline, Charlie Vorsheck, Nick Englhard and Charlie Paul arranged the financing through lender QuadReal. Los Angeles-based developer Lowe is leading the project, which is underway with a completion date slated for the fourth quarter of 2028. The community is situated in MainPlace, which is an enclosed regional mall in Santa Ana that is being redeveloped into a mixed-use project with new housing, dining and retail elements. The project …

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Affordable HousingCompany NewsDevelopmentNewsPeople News

FTK Construction Promotes Kim Goodman and Randy Rivers to Lead Expanded Business Development Initiatives

by Lynn Peisner

ALLEN, TEXAS — FTK Construction Services has completed some light internal restructuring directed at ramping up activity in new markets and in new segments across the country. Known for its experience building Low-Income Housing Tax Credit (LIHTC) projects, the general contractor is aiming to increase market-rate multifamily construction projects. To this end, Randy Rivers, who first joined the company in 2024, has been promoted to vice president of sales and marketing. At the same time, Kim Goodman, who has been with the firm since 2018, will serve as vice president …

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Lindley-HOC
Affordable HousingDevelopmentFeaturesFinanceMarylandNortheast

How a Maryland Housing Authority is Using Transparency to Expand Affordable Housing and Resident Services

by Lynn Peisner

By Chelsea Andrews Across the country, demand for affordable housing continues to rise, placing increased pressure on housing authorities to provide shelter and resources for our most vulnerable neighbors. Taxpayers want transparency when it comes to how their dollars are being used in the community. Private partners seek evidence of momentum, clear direction and follow-through. Government stakeholders require clarity and accountability when allocating local, county and federal funds leveraged for housing. Across all audiences, there is a shared need for a clear understanding of what’s working and where gaps remain. …

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Ekos-at-Warrington-McDowell
Affordable HousingDevelopmentFloridaNewsSoutheast

McDowell Housing Partners to Build $41.9M Affordable Housing in Pensacola

by Lynn Peisner

PENSACOLA, FLA. — McDowell Housing Partners has announced plans for Ekos at Warrington, a $41.9 million affordable housing community in Pensacola. Construction is slated for completion by the third quarter of 2027. The 120 units at Ekos at Warrington will be reserved for tenants earning between 40 and 60 percent of area median income. Fifty percent of the units will be set aside for active-duty military members, veterans and their families. Half of those units, representing 5 percent of the total project, will be reserved for veterans experiencing homelessness. The …

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Emi-on-50-Orlando
DevelopmentFinanceFloridaNewsSoutheast

Terian Development Closes on Financing, Breaks Ground on Emi on 50 in Orlando

by Lynn Peisner

ORLANDO, FLA. — Terian Development, the development arm of Terian Group, has broken ground on Emi on 50 in Orlando after securing a construction loan for an undisclosed sum through lender PCCP. JLL arranged the financing. The 336-unit mid-rise project is slated for completion in 2028. Emi on 50 includes studios, one-, two- and three-bedroom units as well as townhomes. Amenities feature a rooftop pool and terrace, a ninth-floor pickleball court, a courtyard, coworking spaces and a speakeasy-inspired lounge. The property will be managed by Willow Bridge Property Co.

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