PHILADELPHIA — The Philadelphia Housing Authority (PHA) and Alterra Property Group have broken ground on Twenty-Twelve, a $65 million, 14-story mixed-income community at 2012 Chestnut St. in the Center City District of Philadelphia. The project is a redevelopment of the former PHA administrative headquarters, which has been vacant for approximately 20 years. The new community will feature 121 apartments, about 72 of which will be reserved for households earning up to 80 percent of area median income, and 2,000 square feet of ground-floor retail space. The architect is JKRP Architects, …
FISHERS, IND. — Thompson Thrift has broken ground The Crossing Lofts at Fishers District, a 273-unit community with approximately 10,000 square feet of ground-floor commercial space in the Indianapolis suburb of Fishers. The four-story development is located within The Crossing at Fishers District, the southern portion of Thompson Thrift’s Fishers District master planned community and home to the 7,500-seat Fishers Event Center. Once complete, the approximately $750 million, 123-acre project will include multifamily, hotel, office dining, retail and entertainment spaces connected by pedestrian paths. Amenities will include a resort-style heated …
RICHMOND HILL, GA. — ECI Group has begun pre-leasing at The Averly Richmond Hill, a $60 million, 291-unit development in Richmond Hill, approximately 20 miles south of Savannah, Georgia. The gated community offers 243 one-, two- and three-bedroom apartments and 48 three-bedroom townhomes that feature a private porch or balcony. Amenities include an 8,400-square-foot clubhouse, package room, coworking space, a coffee bar, resort-style pool, golf simulator, a dog park, an open lawn with hammocks, a fire pit and table tennis and detached garages and storage units for rent. Atlanta-based ECI …
DALLAS — Conor Commercial Real Estate and Cadence McShane Construction have completed The Flynn at Live Oak, a 327-unit development located at 4931 Live Oak St. in East Dallas. The five-story building includes studios, one- and two-bedroom floor plans complemented by a rooftop lounge, coworking spaces, a fitness center, market, a pet spa, a resort-style pool, firepits, grills, a yoga area and a dog park. The development is a joint venture investment among Conor Commercial Real Estate, Globe Corp. and Origin Investments. JLL’s Dallas office assisted with the capital raise. …
CHARLOTTE, N.C. — CBRE has arranged an $81 million construction loan for Sutherland at Piper Glen, a 299-unit community under development by a consortium of investors led by Charlotte-based RK Investors. Western-Southern Life Insurance Co. was the lender. CBRE’s Nate Sittema, Kristen Reilley and Elliott Voreis led the transaction. Currently under construction at 9621 Elm Lane, Sutherland at Piper Glen will feature four five-story buildings built atop a single-story parking podium. The community is the first multifamily component of Greenway at Piper Glen, a 53-acre residential master-planned development by RK …
NASHVILLE, TENN. — PCCP and LIV Development have broken ground on Livano Oakmont Residences, a 126-unit build-to-rent community at 7790 Sawyer Brown Road in Nashville. Livano Oakmont Residences will comprise 126 townhomes, including 18 two-bedroom, 66 three-bedroom and 42 four-bedroom units that feature one- or two-car garages. Amenities will include a resort-style pool with cabanas, outdoor dining areas, grilling stations, a game lawn, fire pits and a playground. The clubhouse will feature lounge areas, an entertainment kitchen, a game room, a 24-hour fitness center and an indoor-outdoor yoga room. Additional …
MIAMI — Housing Trust Group (HTG) has completed and opened Courtside Apartments II, a $58 million affordable housing community in Miami’s Overtown neighborhood. The 120 units are reserved for families earning at or below 30, 50, 60 and 70 percent of area median income, with monthly asking rents starting at $683. Located at 1698 NW 3 Avenue and 1501 NW 4 Avenue, Courtside Apartments II consists of two five-story buildings located on either side of the Culmer Center, a historic community center, creating a larger residential campus together with the …
RALEIGH, N.C. — Gilbane, Harmony Housing Affordable Development Inc. and F7 International Development have broken ground on Chapanoke, a $58 million, 200-unit affordable housing community in Raleigh. Chapanoke’s floor plan mix includes one-, two- and three-bedroom units reserved for residents earning between 30 and 70 percent of area median income The development is supported by a public-private financing structure that includes tax credit equity, private financing and local public investment. Greystone Real Estate Capital is providing low-income housing tax credit equity, while Greystone Housing Impact Investors LP and Citi Community …
NEWARK, N.J. — Bogopa Enterprises and Shorewood Real Estate Group have secured construction financing and are underway on the development of Ballantine Phase II. The $190 million project is the second phase of Shorewood’s redevelopment of the former P. Ballantine & Sons brewery site, where beer was produced in Newark for more than a century before the brewery closed in 1972. Phase I, an $89.5 million, 280-unit development, was completed in 2025. A 57,500-square-foot Food Bazaar will anchor the ground floor of the seven-story, 501-unit second phase. Shorewood Real Estate …
LONG BEACH, CALIF. — Truist has provided a $152 million construction loan to Carmel Partners for Marina Shores, a 390-unit mixed-income development underway at 6615 E. Pacific Coast Highway in Long Beach. The San Francisco-based investment and development firm is leading the six-story project, with completion slated for May 2029. The development will replace two older office buildings and surface parking with apartments and 5,351 square feet of ground-floor retail space. A third existing office building on the property will remain. Plans also call for 576 parking spaces, 196 bicycle …
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