Development

The-Waylon-Austin
Architecture & DesignDevelopmentNewsTexas

KTGY, Riverside Open The Waylon in North Austin

by Lynn Peisner

AUSTIN, TEXAS — Architect KTGY and locally based developer Riverside have completed and opened The Waylon, a 300-unit, five-story community in North Austin. The interior designer was Vida Design and Nudge Design was the landscape architect. Amenities include a pool, sky lounge and deck, coworking space, a fitness center with a yoga room and a dog run. The property was developed on a former surface parking lot for an exisiting office property. KTGY is headquartered in Irvine, California and operates offices throughout the United States.

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Central-at-the-Horizon-Fargo
Affordable HousingDevelopmentMidwestNewsNorth Dakota

The Annex Group to Develop Affordable Housing Community in Fargo, North Dakota

by Lynn Peisner

FARGO, N.D. — The Annex Group has announced plans for Central at the Horizon, a ground-up affordable housing development at 11 12th St. North in Fargo. The 262 one-, two- and three-bedroom units will be reserved for households earning up to 60 percent of area median income. Central at the Horizon will consist of four stories above a one-story parking garage. Amenities will include community, fitness and business centers, a playground and a picnic area. The architect is BVH Architecture. Multiple stakeholders are funding the project. The North Dakota Housing …

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The-Aurelian-Coral-Gables
DevelopmentFinanceFloridaNewsSoutheast

Pearlmark Provides $81M Construction Loan for The Aurelian in Coral Gables, Florida

by Lynn Peisner

CORAL GABLES, FLA. — Empira Group has obtained an $81 million construction loan to develop The Aurelian, a 160-unit luxury project underway at 114 Calabria Ave. in Coral Gables. Pearlmark was the lender, and CBRE’s Charles Crapse and Denny St. Germain arranged the financing. Behar Font is the architect, and Ortega Construction is the general contractor. The one- and two-bedroom apartments will be complemented by a resort-style pool, fitness center with dedicated yoga studio, coworking areas, a lounge, electric vehicle charging station and a pet grooming suite. Completion is slated …

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Central-at-Old-Southside-Indianapolis
Affordable HousingDevelopmentIndianaMidwestNews

The Annex Group Breaks Ground on $71M Indianapolis Affordable Housing Community

by Lynn Peisner

INDIANAPOLIS — The Annex Group has broken ground on Central at Old Southside, a 227-unit affordable housing community in Indianapolis. The development team behind the $71 million project includes BVH Architecture, nonprofit partner Impact Housing Indiana, permanent lender Merchants Capital and Bank of America, serving as investor and construction lender. Central at Old Southside is situated on approximately 6 acres and will comprise one-, two- and three-bedroom units reserved for households earning between 50 and 60 percent of the area median income (AMI). Amenities for Central at Old Southside will …

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1920-Turnbull-Bronx
Affordable HousingDevelopmentNew YorkNewsNortheast

Gilbane Breaks Ground on $175M First Phase of Affordable Housing Development in The Bronx

by Lynn Peisner

BRONX, N.Y. — Gilbane, in partnership with Strada Development and the Center for Urban Community Services (CUCS), has broken ground on 1920 Turnbull, a $175 million affordable housing development at 1920 Turnbull Ave. in the Castle Hill/Soundview neighborhood of the Bronx. The project consists of a 22-story building with 228 apartments, including 137 permanent supportive housing units for formerly homeless individuals and families. Remaining units will be restricted to households earning up to 60 percent of area median income. The community will also include a 24-hour staffed lobby, outdoor recreation …

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2201-3rd-Ave-NYC
DevelopmentFinanceNew YorkNewsNortheast

Bravo Property Trust Provides $80M Construction Loan for Developer of East Harlem Tower

by Lynn Peisner

NEW YORK CITY — Bravo Property Trust has provided an $80 million bridge construction loan to Glowstone Group for the development of a 22-story mixed-use building with 194 apartments in East Harlem. Located at 2201 3rd Ave., the project will include 12 studios, 103 one-bedroom and 79 two-bedroom units on floors two through 22. The ground floor will feature two retail spaces totaling approximately 4,510 square feet plus a separate community facility space. Amenities include a gym, coworking space, children’s playroom, pet spa, library, lounge, bike storage, package room, upper-level …

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PHP-Phildadelphia
DevelopmentInvestment SalesNewsNortheastPennsylvania

Agent PHL Brokers Development Site Sale in Philadelphia Historic District

by Lynn Peisner

PHILADELPHIA — Agent PHL has brokered the sale of 1523-29 Wallace Street, an urban infill assemblage, comprising three lots, in the Fairmount/Spring Garden historic district of Philadelphia. The seller was an unnamed estate, and the buyer was locally based private equity firm Khosla Properties, which is planning to develop a four-story, 27-unit multifamily property, primarily comprising two-bedroom, two-bathroom floor plans. The site was previously used as a parking lot. A development timeline was not disclosed.

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Highland-Ave-National-City
CaliforniaDevelopmentNewsWestern

National City Investment Group Breaks Ground on Market View in Metro San Diego

by Lynn Peisner

NATIONAL CITY, CALIF. — The National City Investment Group has broken ground on Market View, a 120-unit community situated on a former parking lot at 303 Highland Ave. in National City, seven miles south of San Diego. RDC is the architect, and R.D. Olson Construction is the general contractor. The property will consist of studios and one- and two-bedroom floor plans along with a rooftop deck with ocean views, coworking space and an outdoor yoga deck. Completion is slated for the first quarter of 2028.

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The-James-College-Station
DevelopmentNewsTexas

McGrath Breaks Ground on 279-Unit Project in Bryan, Texas

by Lynn Peisner

BRYAN, TEXAS — McGrath Real Estate Partners has begun construction of The James, a 279-unit community within CamWesT Crossing, a 47-acre mixed-use development in Bryan. The James will offer a mix of one-, two- and three-bedroom floor plans, with some first-floor units featuring front porches. Amenities will include a resort-style pool, fitness center, outdoor amphitheater with a stage and Jumbotron TV. CamWesT Crossing is a phased development that calls for office, multifamily and retail uses. Phase I included a four-story office building developed in 2019, while Phase II encompasses The …

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HSR-LBJ-Dallas
Affordable HousingDevelopmentNewsTexas

High Street Residential Breaks Ground on North Dallas Mixed-Income Office Conversion

by Lynn Peisner

DALLAS — High Street Residential, a subsidiary of Trammell Crow Co., both based in Dallas, has broken ground on a 435-unit community in North Dallas. Greenwich, Connecticut-based Acram Group is a general partner, and Parse Capital, headquartered in Scottsdale, Arizona, provided an undisclosed sum of equity. The project, yet to be named, is an office conversion. The community will include 218 affordable units and 217 market-rate apartments. Earlier Dallas Public Facility Corp. approvals called for 5 percent of units to be reserved for households earning below 50 percent of area …

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