Development

Sky-Equities-Fort-Lauderdale
DevelopmentFinanceFloridaNewsSoutheast

Dependable Equities Obtains $54M for Two-Tower Project in Fort Lauderdale

by Lynn Peisner

FORT LAUDERDALE, FLA. — Dependable Equities has obtained a $54 million construction loan from CDK Capital, with Valley National Bank serving as a participating lender, to support the planning and pre-development of two luxury high-rise communities located at 101 SE 7th St. and 633 SE 3rd Ave. in Fort Lauderdale. Dependable Equities is the South Florida division of Sky Equity Group, a New York City-based real estate development firm. Together, the projects encompass approximately 2 million square feet featuring 1,460 condominium and multifamily residences and roughly 14,000 square feet of …

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Enclave-at-Canopy-Park-Orlando
Affordable HousingDevelopmentFloridaNewsSoutheast

Archway, FK Architecture Open The Enclave at Canopy Park in Orlando

by Lynn Peisner

ORLANDO, FLA. — Archway Partners, along with FK Architecture, has completed and opened The Enclave at Canopy Park, a 104-unit affordable housing community at 4440 Canopy Park Loop in Orlando. Construction began in April 2025. The Enclave at Canopy Park offers one- and two-bedroom apartments for households earning no more than 22 or 80 percent of the area median income. Orange County invested $3 million from the Affordable Housing Trust Fund to support the project, helping provide rents as low as $400 per month for qualifying households. Rents will average …

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Timberline-Madison
Affordable HousingDevelopmentMidwestNewsWisconsin

McShane Construction, Lincoln Avenue Communities Underway on Affordable Housing Development in Madison, Wisconsin

by Lynn Peisner

MADISON, WIS. — Lincoln Avenue Communities and McShane Construction Co. are building Timberline Terrace, a 93-unit affordable housing community in Madison. The development is located at 4504 Verona Road on a 1.1-acre site. Units will be offered in one-, two- or three-bedroom floor plans. According to Dane County, rents are capped at 30, 50 or 80 percent of county median income (CMI). Nineteen units will be reserved for households experiencing homelessness. Amenities include a 4,000-square-foot plaza that features a playground, grills, a lounge, community room and fitness area. Knothe & …

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Macedonia-Cary
DevelopmentNewsNorth CarolinaSoutheast

Woodfield Development, Eagle Realty Group Break Ground on 330-Unit Project in Cary, North Carolina

by Lynn Peisner

CARY, N.C. — Woodfield Development and equity partner Eagle Realty Group — a subsidiary of Cincinnati-based Western & Southern Financial Group — have broken ground on a 330-unit community at 2818 Macedonia Road in Cary. The five-story development will feature approximately 13,500 square feet of interior amenity space including a leasing office with a conference room and outdoor patio; a coworking center; a coffee and gaming lounge; a resident clubhouse with a kitchen, game area, maker’s room and library; a two-story fitness center; dog spa; and a sky lounge with …

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Lucille-Dallas
DevelopmentFinanceNewsTexas

Helaba Provides Construction Loan for Dallas High-Rise

by Lynn Peisner

DALLAS — Endeavor Real Estate Group, in partnership with Canyon Partners Real Estate, has secured an undisclosed amount of construction financing for Lucille, a 22-story, 265-unit luxury tower located in Uptown Dallas at 2700 McKinney Ave. German commercial bank Helaba was the lender. Amenities will include a rooftop lounge with an infinity-edge pool, cabanas, a private dining room, outdoor dining areas, grilling stations and an observation deck. The building will also have 24-hour concierge services, parcel storage lockers, dry cleaning lockers, coworking space, a business center, private conference rooms, a …

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Citiwalk-Rochester
DevelopmentMidwestMinnesotaNews

Inland, RWD Break Ground on $139M Citiwalk Project in Rochester, Minnesota

by Lynn Peisner

ROCHESTER, MINN. — Inland National Development Co. and Reuter Walton Development (RWD) have broken ground on Citiwalk Apartments, a 342-unit project in downtown Rochester across the street from the Mayo Clinic. The Minneapolis/St. Paul Business Journal reports the land was assembled and purchased for $20 million in April and that the total project cost is $139 million. The community will contain apartments as well as 90 short-term stay units intended to support patients and caregivers who travel to Rochester for treatment. Located at 201 6th Ave., Citiwalk Apartments will feature …

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Avilla-McDonough
Build-to-RentDevelopmentGeorgiaLeasing & MarketingNewsSoutheast

NexMetro Opens Avilla Holloway in Stockbridge, Georgia

by Lynn Peisner

STOCKBRIDGE, GA. — NexMetro has opened the first units at Avilla Holloway, a 136-unit build-to-rent property on 14 acres in the Atlanta suburb of Stockbridge. The gated neighborhood features single-level, mostly detached homes in one-, two- and three-bedroom floor plans with private entrances, front porches and private backyards. Amenities include a resort-style pool and hot tub, outdoor kitchen and grills, dog park (no breed restrictions), landscaped open spaces, an indoor community meeting space, covered parking, optional garages and a 24-hour maintenance team. A second NexMetro Avilla project in the Atlanta …

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Floret-Hill-Lawrence
Affordable HousingDevelopmentFinanceKansasMidwestNews

Wheatland Investments Group Obtains $10.8M Loan for Affordable Housing Development in Lawrence, Kansas

by Lynn Peisner

LAWRENCE, KAN. — Merchants Capital has secured a $10.8 million Freddie Mac loan for Floret Hill, a 121-unit affordable housing development in Lawrence. The developer, Gardner, Kansas-based Wheatland Investments Group, also has obtained federal and state Low-Income Housing Tax Credit equity, while the City of Lawrence donated 12 acres of land and committed approximately $1 million to the project. Floret Hill will offer one-, two- and three-bedroom apartments across 11 residential buildings, with 37 units restricted to residents earning up to 40 percent of area median income (AMI) and 84 …

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Alafia-East-New-York
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Apex, L+M Obtain $217M to Finance Phase II of Alafia in Brooklyn

by Lynn Peisner

NEW YORK CITY — Apex Building Group and L+M Development Partners have obtained approximately $217 million in financing for the third phase of the Alafia project, an affordable housing community in the East New York neighborhood of Brooklyn. The nonprofits RiseBoro Community Partnership and Services for the Underserved also are partners. The financing package is backed by federal and state affordable housing tax credits, tax-exempt bonds, state subsidies, construction loans from Redstone Bank, funding from Goldman Sachs Urban Investment Group and more. Phase III will consist of two residential buildings …

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Village-of-Valor-Florida
Affordable HousingDevelopmentFinanceNews

ROAD to Housing Act Clears Path for Affordable Housing Development

by Lynn Peisner

The affordable housing industry has spent years asking Congress for a federal response to the nation’s housing shortage. With the 21st Century ROAD to Housing Act having officially become law on July 11, industry groups are treating the legislation as a rare bipartisan win — not because it solves the crisis unilaterally but because it tackles several of the bottlenecks that have slowed development and preservation. According to the National Low Income Housing Coalition, the nation is short 7.2 million affordable and available rental homes for extremely low-income households. The …

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