Wednesday, December 25, 2024
Read the Digital Magazines Subscribe to the Newsletter

Development

The Corbin District in Darien, Connecticut
ConnecticutDevelopmentFinanceNewsNortheast

JLL Arranges $165 Million Construction Financing for Phase II of The Corbin District in Darien, Connecticut

by Channing Hamilton

DARIEN, CONN. — JLL has arranged $165 million in construction financing for Phase II of The Corbin District, a six-acre mixed-use development in downtown Darien. JLL Capital Markets represented the developer, locally based Baywater Properties, to secure a $102 million loan from Barings and $63 million in C-PACE financing from Counterpointe SRE. Michael Gigliotti, Evan Pariser and Robert Tonnessen led the JLL Capital Markets team that arranged the total financing package.  Once complete, The Corbin District will comprise 11 buildings featuring 112 apartments, as well as 78,810 square feet of retail …

Continue Reading
0 FacebookTwitterLinkedinEmail
West Side Square in Jersey City, New Jersey
DevelopmentFinanceNew JerseyNewsNortheast

Partnership Secures $169 Million Construction Loan for 477-Unit Development in Jersey City, New Jersey

by Channing Hamilton

JERSEY CITY, N.J. — West Side Square Development Fund, a partnership between LanTree Developments, Altree Developments Inc., Lanterra Developments Inc. and Westdale Properties, has received a $169 million construction loan for West Side Square in the Journal Square neighborhood of Jersey City. Bravo Property Trust provided the debt. West Side Square will offer 477 units in studio, one- and two-bedroom floor plans. Amenities will include coworking space, an outdoor deck with a pool and grilling stations, fitness center, community room and dog run. The property will also feature 9,841 square …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGeorgiaNewsSoutheast

Thompson Thrift to Develop 212-Unit The Levi in Atlanta Suburb

by Channing Hamilton

STOCKBRIDGE, GA. — Thompson Thrift has unveiled plans to develop The Levi, a 212-unit community located at 2245 Jodeco Road in the southeast Atlanta suburb of Stockbridge. The Levi will offer one-, two- and three-bedroom apartments averaging 1,100 square feet in size. Amenities will include a fitness center, pool, outdoor grills, work suites, a pickleball court, dog park, pet spa and a Starbucks coffee bar. The Levi will be situated within the 158-acre master-planned Bridges at Jodeco development. A construction timeline was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
3043 S.E. Port St. Lucie Blvd. in Port St. Lucie, Florida
BerkadiaDevelopmentFloridaInvestment SalesNewsSoutheast

Berkadia Brokers $8.5 Million Sale of 22-Acre Development Site in Port St. Lucie, Florida

by Channing Hamilton

PORT ST. LUCIE, FLA. — Berkadia has negotiated the sale of a 22-acre site located at 3043 S.E. Port St. Lucie Blvd. in Port St. Lucie. Development firm Ciprés acquired the parcel from Sympatico Real Estate for $8.5 million. Ciprés plans to develop a 324-unit community on the site. A construction timeline for the project was not disclosed. Omar Morales, Jaret Turkell, Roberto Pesant and Yoav Yuhjtman of Berkadia Florida arranged the deal. Javier Herrera of Franklin Street acted as the land lender broker, and Vertix provided acquisition financing.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentIndianaMidwestNews

Flaherty & Collins Properties Opens Phase II of The Arbuckle Apartments Near Indianapolis

by Channing Hamilton

BROWNSBURG, IND. — Flaherty & Collins Properties has opened Phase II of The Arbuckle Apartments in the western Indianapolis suburb of Brownsburg. The community is located at 7240 Arbuckle Commons. The first phase of the property was constructed in 2018 and offers 310 units ranging in size from studios to two-bedroom townhomes. According to the property website, the second phase brings approximately 100 more apartments to the community.

Continue Reading
0 FacebookTwitterLinkedinEmail
Landing at Lemay in Fort Collins, Colorado
ColoradoDevelopmentNewsWestern

Thompson Thrift Plans 344-Unit Landing at Lemay in Fort Collins, Colorado

by Channing Hamilton

FORT COLLINS, COLO. — Thompson Thrift has released plans for The Landing at Lemay in Fort Collins. The Landing at Lemay will comprise 344 units on a 17-acre site. The community will offer carriage homes with apartments built over attached private garages and electric vehicle charging capabilities. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a fitness center, pool, fire pits, a billiards and shuffleboard area, dog park, pet spa, community-wide Wi-Fi and outdoor entertainment kitchen. Construction is slated to begin in July and move-ins …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sack Wern Houses in New York City
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Partnership to Undertake $275 Million Renovation of Affordable Sack Wern Houses in the Bronx

by Channing Hamilton

NEW YORK CITY — A partnership consisting of locally based firm Douglaston Development, investor Asland Capital Partners, nonprofit organization Breaking Ground and the New York City Housing Authority (NYCHA) will conduct a $275 million renovation of Sack Wern Houses in the Soundview neighborhood of The Bronx. The affordable housing community comprises seven buildings and is home to more than 800 residents. The rehabilitation will cover more than 400 apartment units, as well as common areas and building infrastructure and utility systems. The renovation will be carried out through the NYCHA’s …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lyle in Dallas
DevelopmentLeasing & MarketingNewsTexas

Toll Brothers Apartment Living, Equity Residential Open 334-Unit Lyle in Dallas

by Channing Hamilton

DALLAS — A partnership between Equity Residential and Toll Brothers Apartment Living, the rental division of Toll Brothers, has opened Lyle in Dallas. Construction began on the project in 2022 and was financed by a $55.6 million construction loan from Santander Bank, N.A. Located at 17727 Addison Road, Lyle offers 334 apartments in studio, one-, two- and three-bedroom layouts. Units include smart home technology features such as keyless entry and smart thermostats. Select units also include private balconies, terraces or fenced-in yards. Residents have access to outdoor amenities such as …

Continue Reading
0 FacebookTwitterLinkedinEmail
Waldo District in Kansas City, Missouri
DevelopmentFinanceMidwestMissouriNews

JLL Capital Markets Arranges $12.7 Million Equity Investment for Waldo District in Kansas City, Missouri

by Channing Hamilton

KANSAS CITY, MO. — JLL Capital Markets has arranged a $12.7 million equity investment for the construction of Waldo District in the Waldo neighborhood of Kansas City. JLL worked on behalf of the borrower, EPC Real Estate Group, to secure the equity investment with a national fund manager. Mark Erland and Kevin Barron led the JLL Capital Markets team. Atlanta-based architect BRR designed the community. Waldo District will comprise 284 units across six stories. Community amenities will include a clubhouse, media area with wine lounge, golf simulator and e-sports, fitness center, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Broad + Noble in Philadelphia
DevelopmentLeasing & MarketingNewsNortheastPennsylvania

Toll Brothers Apartment Living Opens $112 Million Broad + Noble in Philadelphia

by Channing Hamilton

PHILADELPHIA — Toll Brothers Apartment Living has opened Broad + Noble, a $112 million high-rise development in Philadelphia’s Callowhill neighborhood. Broad + Noble comprises 326,000 square feet across 19 stories. The residential tower offers 344 units. According to the property website, units come in studio, one- and two-bedroom floor plans. Community amenities include a resident lounge, fitness center, two coffee bars, co-working studio, gaming lounge with billiards, media room, sky lounge, rooftop deck, pet spa, bike storage, package concierge system and community-wide Wi-Fi. The property also includes office and retail …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2024 France Publications, dba France Media Inc.