Development

The Rail in St. Louis

ST. LOUIS — ARCO Construction and architect HDA have completed The Rail, a 268-unit project in St. Louis. The Rail comprises 278,659 square feet across four stories. The property also includes a three-level parking garage totaling 94,598 square feet.  Tenants have access to amenities such as a gathering kitchen, fitness center, game lounge, theater, coworking spaces and conference rooms. Additionally, the complex offers outdoor amenities, including a pool and grilling area. Monthly rents start at $1,410, according to the property’s website. Units come in studio, one- and two-bedroom floor plans.

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J Veridian at Upper Dublin in Fort Washington, Pennsylvania

FORT WASHINGTON, PENN. — Jefferson Apartment Group (JAG), along with equity partner CP Capital, has delivered J Veridian at Upper Dublin in Fort Washington, about 25 miles north of Philadelphia. Situated on a 14 acre-site at 1125 Virginia Drive, the community spans 310 units across three five-story buildings. Units range from one- to three-bedroom floor plans. The complex also offers 12,000 square feet of indoor amenities anchored by a clubroom and bar. Other features include a game area with billiards, shuffleboard and arcade gaming, lounge, poker room, fitness center, resident movie …

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Modera Nations in Nashville, Tennessee

NASHVILLE, TENN. — Mill Creek Residential is constructing Modera Nations, a 396-unit project in The Nations neighborhood along the Cumberland River in Nashville. Situated at 1650 54th Ave. N, Modera Nations will be located about three miles west of the city’s downtown area. Mill Creek broke ground on the project in December 2023, with the first move-ins slated for fall 2025. Modera Nations will feature studio, one-, two- and three-bedroom apartments. Each unit will include a patio or balcony, as well as technology features such as smart thermostats, key fob …

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Elmonica Station in Beaverton, Oregon

BEAVERTON, ORE. — REACH Community Development and Mercy Housing Northwest have broken ground on Elmonica Station, a $51.8 million affordable housing project in Beaverton, eight miles west of Portland. The community will consist of 81 units for households earning at or below 60 percent of the area median income (AMI) or 30 percent AMI. Elmonica Station will feature a mix of studio, one-, two-, and three-bedroom apartments. Planned amenities include community rooms, outdoor play and gardening spaces, laundry rooms on all residential floors and a food pantry. The project is located at the …

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LOCAL on Delmar in University City, Missouri

UNIVERSITY CITY, MO. — Subtext has begun development of LOCAL on Delmar, a 259-unit project in University City, roughly 10 miles west of St. Louis, Missouri. The development site is located at 6650 Delmar Blvd., about one mile from Washington University. The 398,225-square-foot building will feature a mix of studio, one-, two- and three-bedroom apartments and townhomes. The property will also include a five-story parking garage with 399 parking spaces, as well as approximately 7,100 square feet of street-level retail space. Amenities will include a clubroom, vinyl listening station, work-from-home …

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Pratt Landing in New Rochelle

NEW ROCHELLE, N.Y. — Twining Properties has received site approval for the construction of Pratt Landing, an 850,000-square foot mixed-use development, from the City of New Rochelle’s Planning Board. The approval, which concludes the entitlement phase of the project, allows for pre-construction demolition, environmental and other site work to begin. Located about 25 miles north of New York City along the Long Island Sound, Pratt Landing will consist of 383 rental apartments, as well as 99 condominiums, a 150-room hotel, 40,000 square feet of restaurant and retail space, 845 parking …

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Bains Pointe in Portsmouth, Virginia

PORTSMOUTH, VA. — Woda Cooper Cos. Inc. has broken ground on Bains Pointe, a 50-unit affordable housing community located at 1100 High St. in Portsmouth, directly across the Elizabeth River from Norfolk, Virginia. Bains Pointe, in partnership with Bay Aging, will offer units to households earning up to 80 percent of the area median income. The unit mix includes 39 two-bedroom and 11 three-bedroom apartments. Several units will include features residents with mobility challenges or sight/hearing disabilities. Monthly rates are expected to range from $400 to $1,315. Tenants will have …

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The Eastwalk in Braintree, Massachusetts

BRAINTREE, MASS. — WinnDevelopment and development partner Arch Communities have broken ground on The Eastwalk, a $47-million mixed-income project in Braintree, roughly 12 miles south of Boston. The five-story community will be built on the former location of the Braintree Electric Light Department. The project also includes the creation of a pedestrian riverwalk along the Monatiquot River, which will provide public access to the river. The Eastwalk will feature a mix of one-, two- and three-bedroom apartments. Of the total 56 units, 30 will be set aside for households earning …

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MAXWELL, TEXAS — Dominium has acquired a site in Maxwell, 30 miles south of Austin, for construction of Anson Crossing, a 312-unit affordable housing development. Anson Crossing’s homes will be available to renters earning no more than 60 percent of the area median income. Dominium’s partners on the low-income housing tax credit project include Caldwell County, Winthrop & Weinstine, BKV Group, Kimley-Horn and Associates Inc., Braun Intertec Corp., Commercial Partners Title, On Track Ministries and UMB Bank. A construction timeline and financing specifics were not disclosed.

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The Harlow in Minneapolis

CHANHASSEN, MINN — Roers Cos. has secured an $89.6 million financing package to fund development of two adjacent apartment communities in Chanhassen, about 20 miles southwest of Minneapolis. The Bennett Apartments, located at 591 W. 78th St., will feature 184 units and 11,853 square feet of retail space. The Harlow Apartments, at 570 Market St., will include 126 units and 3,029 square feet of retail space. The projects are expected to be complete in 2026. Gary Sefcik in Marcus & Millichap’s New York City office arranged the financing. Kayne Anderson …

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