WINTER PARK, FLA. — Winter Park-based development and investment management firm Hillpointe has appointed Jamie Telchin to the position of vice president of development. In this role, Telchin will lead the development team for Hillpointe’s Pointe Grande for-rent and for-sale communities. Prior to joining Hillpointe, Telchin was senior managing director at Waypoint Residential, a developer and investment manager headquartered in Boca Raton, Florida. Additionally, he served as an executive vice president of development at LXR, an affiliate of The Blackstone Group. He received an MBA from the University of Colorado at …
TEMPE, ARIZ. — McShane Construction and developers Banyan Residential and Milhaus have completed development of Northbend, a 310-unit property in Tempe. The garden-style community was designed by Todd & Associates, a Phoenix-based architecture firm. Northbend features a 4,300-square-foot clubhouse, a resort-style pool, a fitness center with a yoga studio, a courtyard with firepits and a dog park.
The past few years have brought significant shifts in affordability in the United States. Whether it’s evident in rising grocery bills or adjustments to what qualifies as a necessity, these changes have rippled through the housing sector. According to data from the U.S. Census Bureau, by 2024, the cost-of-living ratio to overall expenses surpassed 31 percent — the highest since 2014. Historically, a housing burden ratio below 30 percent indicates a stable market. However, the increasing costs of housing — including rent, mortgages, taxes, utilities and insurance — are straining …
The city of Hollywood, Florida, is transforming. Once best known for its pristine beaches and as the winter home to many French Canadians, the area is becoming a magnet for new arrivals from the Northeast, Texas and California seeking a better place to live and do business. Hollywood’s mayor and city commissioners are showing their support for multifamily development, which will result in half a dozen projects being completed in 2025. Why are people choosing Hollywood and not Fort Lauderdale or well-known Miami neighborhoods like Brickell and Wynwood? Because the …
AUSTIN, TEXAS — Cottonwood Group has provided $284 million in financing for EastVillage, a 425-acre mixed-use development underway in Austin. The senior bridge loan supports the recapitalization of a 312-unit complex known as The Vaughan; a mixed-use multifamily and retail complex known as The Janis, which is currently under construction; 19 entitled land parcels; and the remaining unsold luxury units at The Linden Residences. Buffalo-based Reger Holdings is the master developer of EastVillage. Once completed, the project will feature roughly 2,000 apartments, as well as 810,000 square feet of office space; …
Charlotte, N.C. — Cleveland-based The NRP Group has completed and opened Residences at Cedar Creek, a mixed-income community located about nine miles southwest of Charlotte. The 200-unit property mainly serves residents earning between 30 and 60 percent of area median income (AMI). A few units are reserved for renters earning up to 80 percent AMI. Bank of America and KeyBank provided financing for the project. The City of Charlotte also invested $2.5 million in Housing Trust Fund gap financing, and the North Carolina Housing Finance Agency provided $22 million in …
MILWAUKEE — Madison, Wisconsin-based developer The Neutral Project has secured $133.3 million in construction financing for The Edison, a 378-unit project located at 1005 North Edison St. in Milwaukee. Mike Brady, Tara Hagerty and Merrick Evans of JLL Capital Markets arranged the senior financing through Bank OZK and the mezzanine financing through Pearlmark. The Edison will include 308,913 square feet of rentable residential space across 32 stories. The community will offer studio, one-, two- and three-bedroom apartments. Residents will have access to amenities such as a café, fitness center, pool …
WEST NEW YORK, N.J. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $174 million in joint venture equity and debt financing for the acquisition of 55 Riverwalk Place, a 348-unit community in West New York, roughly nine miles north of New York City. The property is situated adjacent to the Hudson River and directly across from Manhattan. Built in 2006, 55 Riverwalk Place offers amenities such as a pool, fitness center, yoga studio, business center and grilling stations. According to the property website, units come in …
LEWISVILLE, TEXAS — Locally based developer Palladium USA has begun construction on Palladium Lewisville, a $30 million mixed-income development in Lewisville, approximately 30 miles northwest of downtown Dallas. PNC Bank provided $10.8 million in long-term debt and $13.3 million in equity as part of the financing of the project. Palladium Lewisville will consist of 90 units in one-, two- and three-bedroom floor plans. Planned amenities will include a pool, fitness center, business center, children’s play area and a clubroom with a communal kitchen. The first apartments are expected to be …
HUNTSVILLE, ALA. — WSS Development LLC has completed 2020 at Providence, a $100 million mixed-use community in Huntsville. The two-tower project is situated within the larger 305-acre Village of Providence master-planned development, which also includes a town center featuring more than 800,000 square feet of office, restaurants, retail and hotels. 2020 at Providence consists of 360 apartments, as well as 23,000 square feet of retail space. According to the property website, 2020 at Providence rises seven stories and offers one-, two- and three-story floor plans. Monthly rates begin at $1,500 …
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