Development

Park-Square-Yonkers
DevelopmentNew YorkNewsNortheast

Titan Real Estate Development Breaks Ground on $185M Park Square in Yonkers, New York

by Lynn Peisner

YONKERS, N.Y. — Titan Real Estate Development has broken ground on Park Square Yonkers, a $185 million development at 1 Loehr Place in Yonkers. The seven-story project will feature a mix of 192 studio apartments and 148 one-bedroom apartments. Residents will have access to such amenities as a 15,000-square-foot elevated private outdoor courtyard, a two-level fitness center, a business center with work stations, a lounge, a pet spa and several thousand square feet of dedicated resident storage located within the building. Construction is expected to take approximately 24 months. The …

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Flynn-at-Live-Oak-Dallas
DevelopmentFinanceNewsTexas

Conor Commercial, Globe Corp. Secure $78.7M Takeout Loan for Dallas Luxury Development

by Lynn Peisner

DALLAS — Conor Commercial Real Estate and Globe Corp. have obtained a $78.7 million takeout loan for The Flynn at Live Oak, a five-story, 327-unit property in Dallas that was completed in December 2025. JLL arranged the loan through Blue Owl Capital. The Flynn at Live Oak features studios, one- and two-bedroom apartments and amenities such as a 2,500-square-foot pool, two outdoor courtyards with fire pits and grilling stations, a sky lounge with downtown views, a fitness center with outdoor yoga space, coworking offices and a grab-and-go convenience store. The …

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Artisan-Point-Naranja
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

HTG, AM Affordable Housing Break Ground on Artisan Pointe in Naranja, Florida

by Lynn Peisner

NARANJA, FLA. — Housing Trust Group (HTG) and AM Affordable Housing have secured financing to begin construction of the first phase of Artisan Pointe, an affordable housing community in Naranja, 34 miles south of Miami. Located at 26115 S. Dixie Highway, Artisan Pointe will include 115 units in the first phase. Rents for the one- and two-bedroom units are restricted to 30, 60 and 70 percent of area median income (AMI). Monthly rents for qualifying residents will range from $766 for a one-bedroom apartment at the 30 percent AMI tier …

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ALORA-Kissimmee
Affordable HousingDevelopmentFloridaNewsSoutheast

The NRP Group Breaks Ground on Florida Affordable Development Alora Lofts

by Lynn Peisner

KISSIMMEE, FLA. — The NRP Group has secured financing and begun construction of Alora Lofts, an 88-unit affordable housing community in Kissimmee, 18 miles south of Orlando. Residences will be rent restricted at 30 and 70 percent of area median income. Floor plans are offered as one- to three-bedroom layouts complemented by amenities that include a fitness center, resort-style pool, multipurpose room, community kitchen, a grill area and a playground. FK Architecture is the project architect. Funding sources include the Florida Housing Finance Corp., which provided tax credits, tax-exempt bonds …

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Pearl-on-the-River-Deerfield-Beach
DevelopmentFloridaNewsSoutheast

Morgan Breaks Ground on Pearl on the River in Deerfield Beach, Florida

by Lynn Peisner

DEERFIELD BEACH, FLA. — Morgan and Compatriot Capital have broken ground on Pearl on the River, a luxury waterfront community at 451 NE River Drive in Deerfield Beach. Situated along the Hillsboro River in The Cove neighborhood, the project will be comprised of 320 studio, one-, two- and three-bedroom units and a resort-style pool, grill area, dog park, dog wash, car wash, bike storage and a fitness center. A resident-only marina with 13 private boat slips will provide direct access to the Hillsboro River. The development team also will build …

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8-Carlisle-Manhattan
Company NewsDevelopmentFinanceNewsNortheastOperations

JLL Arranges $617M in Financing for Grubb Properties

by Lynn Peisner

NEW YORK CITY AND CHARLOTTE, N.C. — JLL has arranged $617 million in financing for Charlotte, North Carolina-based Grubb Properties, supporting the formation of a new real estate investment trust and the completion of a 64-story apartment tower in Manhattan’s Financial District. JLL’s mergers and acquisitions and corporate advisory group first advised on the merger of several legacy Grubb Properties funds and their rebranding as Link Apartments REIT. The approximately $1.9 billion Grubb Properties-managed REIT has a portfolio of 45 properties, including more than 5,600 multifamily units. In conjunction with …

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NOVEL-Norterra-Phoenix
ArizonaDevelopmentNewsWestern

Crescent Communities Closes on Land for NOVEL Norterra in Northern Phoenix

by Lynn Peisner

PHOENIX — Crescent Communities has acquired land and begun construction of NOVEL Norterra, a four-story property on an 8.5-acre site in northern Phoenix. The 248-unit development is part of the 600-acre Norterra mixed-use neighborhood. Amenities include a clubhouse, 1,822-square-foot pool and hot tub area with cabanas and fire features, a pickleball court, dog park, outdoor cooking, dining and gathering areas as well as pedestrian pathways. Development partners include NEC Capital Solutions Limited, Sumitomo Mitsui Trust Panasonic Finance Co., additional Japanese investment and UMB Financial Corp. First move-ins are estimated to …

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410-N-Elizabeth-Chicago
DevelopmentFinanceIllinoisMidwestNews

Joint Venture Closes on Financing for Two-Tower Mixed-Income Development in Chicago

by Lynn Peisner

CHICAGO — Tree Street Group, along with development partners Magellan Development Group and Mark Goodman & Associates, has closed on an undisclosed amount of construction financing obtained through Bank OZK, Beach Point Capital and Circle Property Partners for 410 N. Elizabeth, a 33-story high-rise in Chicago’s Fulton Market neighborhood. It will be the first phase of a two-tower, mixed-use development. 410 N. Elizabeth will include 383 units, with 77 apartments set aside as affordable. Rent restrictions were not disclosed. Upon completion of both phases, the development will comprise about 724 …

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Aster-Flats-Madison
DevelopmentMidwestNewsWisconsin

Nicholas & Associates Named General Contractor for Aster Flats in Madison, Wisconsin

by Lynn Peisner

MADISON, WIS. — Double Eagle Development and Moyer Properties have selected Nicholas & Associates as the general contractor for Aster Flats, a 263-unit luxury development in Madison. Nicholas & Associates will break ground Aug. 18 on the ground-up development, with construction occuring in phases across the three buildings. Designed by HKM Architects + Planners, Aster Flats will offer studio, one-, two- and three-bedroom floor plans. Amenities include a community lounge, entertainment kitchen, fitness and yoga center, pet grooming stations, a heated outdoor pool, keyless building entry, a secure package room …

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Gateway-Orlando
DevelopmentFloridaNewsSoutheast

JBL, Capstone Building Corp. Break Ground on The Gateway in Orlando

by Lynn Peisner

ORLANDO, FLA. — Capstone Building Corp., a Birmingham, Alabama-based general contractor, has begun building The Gateway in Orlando. Hollywood, Florida-based JBL Development is the developer, and Baker Barrios is the architect. The 417,000-square-foot project will include 270 apartments in one-, two- and three-bedroom floor plans as well as studios and junior one-bedrooms. Units will be equipped with stainless steel appliances, quartz countertops, LED-backlit vanity mirrors and tile showers with glass doors and tile tub surrounds. Amenities consist of a heated saltwater pool with private cabanas, outdoor kitchens and fire pits, …

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