Development

The-Opaline-Nashville
Affordable HousingDevelopmentNewsSoutheastTennessee

Halladay Begins Development of The Opaline, the First Phase of a Nashville Mixed-Use Project

by Lynn Peisner

NASHVILLE, TENN. — Locally based affordable and workforce housing developer Halladay Ventures has secured funding and is expected to break ground in late November on The Opaline, a 251-unit property for renters earning up to 60 percent of area median income. Completion is slated for 2028. The Opaline is the first of three phases of Halladay’s Artist Hill project, a 39-acre master planned community that is projected to include rental and for-sale residential, retail, creative workspaces, green spaces, walking trails and other community amenities. The Opaline’s development site is currently …

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DevelopmentIndianaMidwestNews

Thompson Thrift to Develop Revere in Indianapolis Metro

by Lynn Peisner

WESTFIELD, IND. — Locally based Thompson Thrift has broken ground on Revere, a 350-unit project in Westfield, 27 miles north of Indianapolis. Completion is slated for February 2027. The 23-acre community will feature units in one-, two- and three-bedroom configurations. The residences will be spread over six buildings, including four three-story garden-style buildings and two four-story elevator-serviced buildings. Amenities include a fitness center; a resort-style, heated pool; electric firepits with seating areas; a dog park and pet spa with a grooming station; grilling areas; and a business center with a …

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BondsRanchRoad-Fort-Worth
DevelopmentNewsTexas

HPI Breaks Ground on Three-Phase Project in Fort Worth

by Lynn Peisner

FORT WORTH, TEXAS — HPI Real Estate Services and Investments has begun construction on the first phase of a 55-acre project in northwest Fort Worth that will include 829 apartments, townhomes and detached cottages. The community’s name has not been disclosed. The site is situated at the southeast corner of Bonds Ranch and Blue Mound roads. It is Texas-based HPI’s first development in Fort Worth. The first phase will include 396 one-, two- and three-bedroom units. Zoning and site plans have been approved for 240 additional apartment units and 193 …

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Lambert-Woods-Portland
Affordable HousingDevelopmentMaineNewsNortheast

POAH Breaks Ground on Affordable Housing in Portland, Maine

by Lynn Peisner

PORTLAND, MAINE — Preservation of Affordable Housing (POAH) has closed on construction financing for Lambert Woods North, a 72-unit affordable housing development that will be built in the North Deering neighborhood. POAH acquired the wooded lot from the City of Portland through an RFP process. The one-, two- and three-bedroom units will be reserved for renters earning 60 percent of area median income. The Maine State Housing Authority is providing 4 percent Low-Income Housing Tax Credits as well as construction and permanent loans. The project also is backed by several …

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Palladium-Oak-Grove-Fort-Worth
Affordable HousingDevelopmentNewsTexas

Palladium USA Opens Fort Worth Affordable Housing Community

by Lynn Peisner

FORT WORTH, TEXAS — Dallas-based Palladium USA has completed Palladium Oak Grove, a 240-unit affordable housing community in Fort Worth. Rent caps range from 30 to 80 percent of area median income. The project cost was approximately $60 million and was developed in partnership with the Fort Worth Housing Finance Corp. Financing came from a variety of sources, including 4 percent Low-Income Housing Tax Credits. Units are offered in one-, two- and three-bedroom floor plans. Amenities include a resort-style pool, a fitness center, a conference room, a dog park, a …

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OscarJames-San-Francisco
Affordable HousingCaliforniaDevelopmentNewsWestern

Jonathan Rose Cos. Opens $133 Million Affordable Housing Community in San Francisco

by Lynn Peisner

SAN FRANCISCO — Jonathan Rose Cos. has opened Oscar James Residences, located about 1.4 miles from the 866-acre Hunters Point Shipyard in San Francisco. This project marks New York City-based Jonathan Rose Cos.’ first ground-up development in San Francisco and its second in California. Oscar James Residences was co-developed with nonprofit partner Bayview Senior Services, though the project is conventional affordable housing, not seniors housing. The $132.9 million project was made possible through a combination of public and private funding sources, with Bank of America serving as an equity investor …

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Fairstead-Alexandria
Affordable HousingDevelopmentNewsNortheastWashington, D.C.

Fairstead Breaks Ground on $120 Million Adaptive Reuse Project in Metro D.C.

by Lynn Peisner

ALEXANDRIA, VA. — Fairstead has broken ground on an affordable housing adaptive reuse project in the Washington, D.C., suburb of Alexandria. On the site of Samuel Madden Homes, originally built to house African American defense workers during World War II, the company will build 207 residences, ranging from one- to four-bedroom units, reserved for families earning 30 to 80 percent of area median income as well as a new community food bank. Completion is slated for fall 2027. Financial partners include permanent and construction lenders Boston Financial, Freddie Mac and …

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Presidium183-Austin
DevelopmentNewsTexas

Presdium Opens North Austin Project

by Lynn Peisner

AUSTIN, TEXAS — Presidium has completed development of Presidium 183, a 374-unit community in North Austin’s Burnet-Gateway area, home of The Domain, a high-density mixed-use property. Designed by Dallas-based O’Brien Architects, Presidium 183 offers a resort-style pool, a fitness center with a sauna and yoga and spin rooms, a speakeasy-style bar, a clubroom, landscaped courtyards, hammock groves, outdoor game spaces, electric vehicle charging stations, bike storage and package lockers. Units feature smart home technology and private outdoor areas, while select homes sport added features like wine refrigerators and private garages. …

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The-Henslow-Charleston
DevelopmentLeasing & MarketingNewsSouth CarolinaSoutheast

Woodfield Development, Simpson Housing Open Metro Charleston Project

by Lynn Peisner

CHARLESTON, S.C. — Locally based Woodfield Development has completed and opened The Henslow Daniel Island in the Daniel Island master-planned community 13 miles north of Charleston. The project was developed in partnership with Simpson Housing, a Denver-based firm that not only served as an investment partner but also is managing the property. The Henslow Daniel Island is comprised of 63 one-, two- and three-bedroom units and 12 two-story, three-bedroom townhomes. Amenities include a resort-style saltwater pool; a two-story clubhouse with an entertainment kitchen, game room and rooftop lounge; a fitness …

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DevelopmentNew YorkNewsNortheast

Slate, Pi Capital Plan 95-Unit Luxury Project Across from Empire State Building

by Lynn Peisner

NEW YORK CITY — Slate Property Group and Pi Capital Partners, a New York City-based real estate family office, have announced plans to develop a ground-up luxury apartment building at 335-339 Fifth Ave. in Midtown Manhattan directly across the street from the Empire State Building. The 95-unit property will be situated at the corner of Fifth Avenue and 33rd Street. Preliminary plans for the 18-story, 89,000-square-foot building call for 95 units ranging from studios to two-bedrooms, ground-floor retail and amenities. The parcel is currently a vacant lot that the Pi …

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