Development

Laster-Farms-Knoxville
DevelopmentNewsSoutheastTennessee

Trinitas Breaks Ground on $80M Laster Farms at Turkey Creek in Knoxville, Tennessee

by Lynn Peisner

KNOXVILLE, TENN. — Trinitas Ventures, a Lafayette, Indiana-based development and investment firm, along with partner Indianapolis-based developer Millstone Ventures have broken ground on Laster Farms at Turkey Creek, a 320-unit project in Knoxville. Laster Farms at Turkey Creek will include 240 apartments and 80 townhomes offered in one-, two- and three-bedroom layouts with monthly asking rents ranging from approximately $1,800 to $2,800. Amenities include a clubhouse and fitness center, resort-style pool, golf simulator, outdoor lounge areas and entertainment lawns. First move-ins are expected by summer 2027.

Continue Reading
0 FacebookTwitterLinkedinEmail
Bolsa-Pacific-Westminster
Affordable HousingCaliforniaDevelopmentNewsWestern

Shopoff, AO Break Ground on California Mall Redevelopment that Includes 2,250 Units

by Lynn Peisner

WESTMINSTER, CALIF. — Shopoff Realty Investments and architecture firm AO have broken ground on Bolsa Pacific at Westminster. Developed by Shopoff Realty Investments, the new 83.3-acre mixed-use project will replace the vacant Westminster Mall in Westminster, located in western Orange County, about 12 miles east of Long Beach, California. Bolsa Pacific will include approximately 2,250 residential units, 220,000 square feet of retail, a 120-key hotel and more than 15 acres of publicly accessible open space. AO designed the residential component of the project, which comprises five multifamily buildings on the south …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pines-at-Peach-Raleigh
Affordable HousingDevelopmentNewsNorth CarolinaSoutheast

Oppidan Investment Co. Opens Two Raleigh Affordable Housing Developments Totaling $83M

by Lynn Peisner

RALEIGH, N.C. — Oppidan Investment Co. has opened two affordable housing communities in Raleigh financed by the Low-Income Housing Tax Credit (LIHTC) program: The Pines at Peach and Birch & Branch. Development costs of the two properties totaled $83 million. Located at 3470 Overstory Circle, Birch & Branch is a $49 million development featuring 180 one-, two- and three-bedroom apartments for families earning between 30 and 70 percent of the area median income (AMI). Birch & Branch was designed by Moore Hocutt, engineered by VHB, constructed by Mills Construction and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Belle-Oaks-Ohio
DevelopmentFinanceMidwestNewsOhio

DealPoint Merrill Secures $55M for First Phase of Mall Redevelopment in Metro Cleveland

by Lynn Peisner

RICHMOND HEIGHTS, OHIO — DealPoint Merrill has secured a $55 million construction loan for Phase I of Belle Oaks Marketplace in Richmond Heights, about 14 miles east of Cleveland. The Walker & Dunlop Capital Markets Real Estate Finance team led by Ryan Parker arranged a floating-rate, interest-only construction loan provided by Genesis Capital. The financing will be used for construction of Phase I of DealPoint Merrill’s redevelopment of the former Richmond Town Square Mall. This first phase includes 181 multifamily units across two buildings. Upon full completion, Belle Oaks Marketplace …

Continue Reading
0 FacebookTwitterLinkedinEmail
Westermark-Sugar-Land
DevelopmentFinanceNewsTexas

Elm Real Estate Group Secures Construction Financing for The Westermark in Sugar Land, Texas

by Lynn Peisner

SUGAR LAND, TEXAS — Patterson Real Estate Advisory Group has arranged a construction loan for The Westermark, a 165-unit project in the southwestern Houston suburb of Sugar Land. The Westermark will consist of two five-story buildings containing studio, one-, two- and three-bedroom units. Amenities will include a pool, fitness center, resident lounge and coworking space. Wintrust Commercial Real Estate provided the loan to the developer, Elm Real Estate Group, which is an affiliate of Indianapolis-based KCG Cos. Neither a construction timeline nor the loan amount was disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Corsica-Euclid-Phoenix
ArizonaBuild-to-RentDevelopmentNewsWestern

Rockefeller Group Opens First of Two Phoenix BTR Projects

by Lynn Peisner

PHOENIX — Rockefeller Group’s Corsica Villas at 20th Street in South Phoenix is now complete, and residents have begun moving in. A sister community, Corsica Villas at Euclid & 7 Street, is expected to open later this summer. The two gated communities include 152 two-story townhomes. Corsica Villas at Euclid & 7th Street will offer 84 residences, including three-bedroom townhomes with covered reserved parking spaces, and two-bedroom carriage-style units with attached one-car garages. Residents at both communities will have access to amenities such as a heated pool and a hot …

Continue Reading
0 FacebookTwitterLinkedinEmail
Garden-Court-Atlantic-City
Affordable HousingDevelopmentInvestment SalesNew JerseyNewsNortheast

WinnDevelopment Launches $33M Renovation of Atlantic City Affordable Housing Community

by Lynn Peisner

ATLANTIC CITY, N.J. — WinnDevelopment has begun a $33 million renovation at Garden Court Apartments in Atlantic City, a 177-unit, 20-building complex that has been housing much of the city’s workforce since it was constructed in 1985. WinnCos. secured Low-Income Housing Tax Credit equity through the New Jersey Housing and Mortgage Financing Agency, which will enable the units to remain affordable to renters earning no more than 80 percent of area median income for the next 45 years. Boston Financial Management purchased the tax credits. The scope of work includes …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cressmoor
DevelopmentFeaturesFinanceInvestment Sales

BTR Investors Rethink Development Risk

by Lynn Peisner

By Douglas Kelin and Bryan Pritchard Build-to-rent (BTR) has quickly become one of the most prominent strategies in residential real estate. In 2024 alone, the number of BTR homes delivered in the United States was approximately 10 times higher than it was a decade earlier. While that growth shows no signs of slowing, the version of build-to-rent that investors are pursuing today looks very different from the development-heavy model of just a few years ago. A combination of regulatory pressure, shifting market conditions and strategic refinement is pushing the sector …

Continue Reading
0 FacebookTwitterLinkedinEmail
Modera-Paramus
DevelopmentNew JerseyNewsNortheast

Mill Creek Residential Breaks Ground on Westfield Mall Redevelopment in Paramus, New Jersey

by Lynn Peisner

PARAMUS, N.J. — Mill Creek Residential has broken ground on Modera Garden State Plaza, a mixed-use community in Paramus. Two separately branded residential buildings will contain a total of 575 units as well as 48,000 square feet of ground-floor retail space. The community will serve as a residential component of the redevelopment of Unibail-Rodamco-Westfield’s Garden State Plaza mall. Amenities will include a rooftop deck, resort-style pool, sauna, outdoor kitchen and dining space, grilling areas, fire pits, landscaped courtyards, resident clubhouse, coffee bar, game room, pool table and a fitness center …

Continue Reading
0 FacebookTwitterLinkedinEmail
Varick-Site-NYC
Affordable HousingDevelopmentNew YorkNewsNortheast

Global Holdings, MAG Partners Form JV for Manhattan Development

by Lynn Peisner

NEW YORK CITY — Global Holdings and MAG Partners have formed a joint venture to develop a ground-up project in Manhattan’s Hudson Square neighborhood at 122 Varick St. The 149-unit residential tower is being developed under a long-term ground lease with Trinity Church. The development will comprise approximately 192,000 square feet, including about 5,000 square feet of ground-floor retail. The project is being built under the 485-x program, which provides tax breaks to developers of buildings with six or more units that include affordable housing. Specific rent restrictions were not …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.