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Gordon Crossing
Affordable HousingDevelopmentMidwestNewsOhio

Frontline Development, Woda Cooper Break Ground on $17.6 Million Affordable Housing Project in Cleveland

by Channing Hamilton

CLEVELAND — Frontline Development Group LLC and Woda Cooper Cos. Inc. have broken ground on Gordon Crossing, a $17.6 million affordable housing development in Cleveland. The four-story development will feature 42 two-bedroom and 12 three-bedroom apartments. Gordon Crossing will be available to households earning up to 80 percent of the area median income. Rents are expected to range from $362 to $1,699, depending on household income and unit size. Residents will have access to shared amenities such as a community room with kitchenette, on-site management office, parcel room and outdoor …

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GuildHouse
DevelopmentFinanceGeorgiaNewsSoutheast

Vida Raising $47 Million Fund for Multifamily and BTR Projects in Metro Atlanta

by Channing Hamilton

ATLANTA — Vida is raising an equity fund to build two multifamily properties and one build-to-rent community in suburban Atlanta. The Atlanta-based developer has completed its seed funding round on the $47 million fund, which is entitled Vida Opportunities Fund I LLC. Vida is developing GuildHouse at 2085 Marietta Blvd. in the Upper Westside neighborhood of Atlanta. The unit mix at GuildHouse will include 354 apartment units, as well as 39 build-to-rent townhomes. Apartments will range from 550 to 1350 square feet. Townhomes will rise three stories and come in three-bedroom …

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DevelopmentNewsUtahWestern

Wood Partners Breaks Ground on Development in Salt Lake City Suburb

by Channing Hamilton

LEHI, UTAH — Wood Partners has begun construction on Alta Vista, a 304-unit development in Lehi, about 30 miles south of downtown Salt Lake City. The property will offer a mix of one-, two- and three-bedroom apartments. Alta Vista will also feature roughly 8,000 square feet of amenity space, including a clubhouse, entertainment kitchen, coworking space, fitness center, speakeasy and an outdoor pool, spa and kitchen. The development will also add a trail system through the adjacent park, which will feature a playground, pickleball courts and a basketball court. The …

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Village at Centerpoint Station
Build-to-RentDevelopmentFinanceNewsTexas

The Empire Group Receives $58 Million Construction Loan for BTR Project in San Marcos, Texas

by Channing Hamilton

SAN MARCOS, TEXAS — The Empire Group has received a $58 million construction loan for Village at Centerpoint Station, a build-to-rent (BTR) project in San Marcos, roughly halfway between San Antonio and Austin, Texas. Kyle McDonough, George Maravilla, David Stull and Noah Schott of Tower Capital originated the financing on behalf of the developer. Village at Centerpoint Station will consist of 270 single-family rental units on a 24-acre site in the Tech Corridor of Texas. The average unit size will be 1,047 square feet. Each residence will feature a private …

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Solana at Duarte Station
CaliforniaDevelopmentLeasing & MarketingNewsWestern

MBK Rental Living Opens 292-Unit Community in Duarte, California

by Channing Hamilton

DUARTE, CALIF. — MBK Rental Living has opened Solana at Duarte Station, a five-story asset located at 1740 Fasana Road in Duarte, 20 miles northeast of Los Angeles. The community offers 292 units in studio, one-, two-, three- and four-bedroom floor plans. Apartments range from 534 square feet to 2,802 square feet. Select units feature private patios or balconies and walk-in closets. Tenants have access to shared amenities such as a clubhouse, fitness center and yoga studio, coworking spaces, a pool, game lounge, cabana club and dog lounge, spa and park. …

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DevelopmentLeasing & MarketingNews

Marquette Cos. Begins Leasing 300-Unit Community in Houston Suburb

by Channing Hamilton

THE WOODLANDS, TEXAS — Marquette Cos., an Illinois-based developer, has begun leasing The Sylvan, a 300-unit property located about 30 miles north of Houston in The Woodlands. Marquette Cos. broke ground on the project in October 2023. The Sylvan consists of 112 apartments and 188 single-family rental units and townhomes. Amenities include a clubhouse, pool, fitness center and walking paths. Single-family homes come in three- and four-bedroom floor plans, range from 1,495 to 1,805 square feet and include private yards and garages. Townhome-style units come in two- and three-bedroom layouts …

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Museum Parc
DevelopmentFinanceNew JerseyNewsNortheast

Co-Developers Secure $120 Million in Construction Financing for New Jersey Mixed-Income Project

by Channing Hamilton

NEWARK, N.J. — Co-developers LMXD and MCI Collective have received $120 million in construction financing for Museum Parc, a 250-unit mixed-income, mixed-use development located in downtown Newark. Merchants Capital arranged the financing, which consists of a $58 million Freddie Mac nine percent low-income housing tax credit forward permanent loan and a $62 million construction loan from Merchants Bank. Museum Parc will consist of a six-story building and a 12-story structure. Twenty percent of the residences at Museum Parc will be income-restricted. Forty-five units will be reserved for households earning at …

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DevelopmentLeasing & MarketingNewsNorth CarolinaSoutheast

Joint Venture Opens 336-Unit Community in Morrisville, North Carolina

by Channing Hamilton

MORRISVILLE, N.C. — A joint venture between Crescent Communities and GID has opened Novel Morrisville, a 336-unit community located at 218 Southport Drive in Morrisville, roughly 15 miles west of Raleigh, North Carolina. The property offers a mix of studio, one-, two- and three-bedroom floor plans, as well as 10 carriage-style townhomes. Units range from 532 square feet to 2,128 square feet. Amenities include a saltwater pool with cabanas, two-story fitness center, community library, clubroom, full-scale indoor rock-climbing wall, walking and biking trails and an on-site Land of a Thousand …

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Jefferson Morningstar in The Colony, Texas
DevelopmentNewsTexas

JPI Breaks Ground on 373-Unit Development in The Colony, Texas

by Channing Hamilton

THE COLONY, TEXAS — JPI has broken ground on Jefferson Morningstar, a 373-unit project in The Colony, about 25 miles north of downtown Dallas. The garden-style property will offer studio, one-, two- and three-bedroom apartments. Residents will have access to amenities such as a pool, fitness center, dog park, coworking spaces and a clubhouse. The first units are expected to be available for occupancy by early 2027. JPI is partnering with Nomura Real Estate Development Co. Ltd. and Yoram Avneri, the original owner of the land, on the project.

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Matheson-Mill-Broadstone-1
DevelopmentNewsNorth CarolinaSoutheast

Alliance Residential Completes Broadstone Project in Charlotte

by Lynn Peisner

CHARLOTTE, N.C. — Alliance Residential Co. has opened Matheson Mill by Broadstone, a 302-unit community in Charlotte’s North Davidson, or NoDa, neighborhood. Matheson Mill by Broadstone consists of one- and two-bedroom units. The Charlotte-based development team included architect Cline Design, civil engineer McAdams Co. and interior designer LS3P. Matheson Mill features a 24-hour fitness center, resort-style saltwater pool and an outdoor dining area with grilling station, pergola and fire pit. The community’s resident clubroom features vintage style arcade games, a gas fireplace and entertainment kitchen. Other amenities include coworking areas, …

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