Development

The-Marte-DC
Affordable HousingDevelopmentLeasing & MarketingNewsNortheastWashington, D.C.

Gilbane Begins Leasing $135M Second Phase of D.C. Affordable Housing Redevelopment

by Lynn Peisner

WASHINGTON, D.C. — Gilbane Development has begun leasing the second of its three-phase redevelopment at 7th Street and Barnaby Road in Southeast Washington, D.C. Phase II of Barnaby & 7th includes 229 units within four new residential buildings: The Stoneview, The Solomon, The Marte and The Lewis. Construction of these buildings is slated for completion by summer 2026. The four communities feature a mix of studio to three-bedroom units serving households earning 50 and 80 percent of the area median income (AMI). Twenty percent of the apartments will be set …

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HTG-Red-Oaks-Austin
Affordable HousingDevelopmentFinanceNewsTexas

HTG Opens $26M Red Oaks Affordable Housing in Austin

by Lynn Peisner

AUSTIN, TEXAS — Housing Trust Group (HTG) has completed and opened Red Oaks, a 70-unit, $26 million affordable housing community in the Anderson Mill neighborhood of Northwest Austin. Apartments at Red Oaks will be reserved for families earning 30, 50 and 60 percent of local area median income, which was $94,000 for an individual and $134,000 for a family of four in 2025, according to HUD. Miami-based HTG partnered with nonprofit group AM Affordable Housing and locally based consulting firm Thoman & Butler on the project. Funding sources for Red …

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REV3-Walnut-Creek-Austin
Build-to-RentDevelopmentNewsTexas

Trilogy Investment Begins Construction of REV3 at Walnut Creek in Austin

by Lynn Peisner

AUSTIN, TEXAS — Trilogy Investment Co. has broken ground on a 190-unit, build-to-rent (BTR) townhome project in Northeast Austin. REV3 at Walnut Creek will feature three-bedroom townhomes averaging approximately 1,493 square feet. Each residence will include a one-car attached garage. REV3 Homes, a division of Trilogy Investment Co., will serve as builder for the project. Leasing is expected to begin in the third quarter of 2027, with construction completion slated for the second quarter of 2028. The Alpharetta, Georgia-based developer also has recently broken ground on other BTR projects in …

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Trailside-Fort-Myers
DevelopmentFloridaNewsSoutheast

Ryan Cos. Breaks Ground on 350-Unit Project in Fort Myers

by Lynn Peisner

FORT MYERS, FLA. — Ryan Cos. has begun construction of Trailside at Dia Crossing, an eight-building, 350-unit project in Fort Myers. Completion is slated for the first quarter of 2027. The property is situated by a 30-acre nature preserve with a kayak launch to Estero Bay. Amenities include a resort-style pool, 9,500-square-foot clubhouse, fitness center, sauna, cold plunge and yoga deck. Ryan is serving as builder, developer and architect, with its in-house architecture group Ryan A+E Inc. U.S. Bank provided construction financing for the project.

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The-Radler-Summerville
DevelopmentNewsSouth CarolinaSoutheast

Woodfield Begins Second Phase at South Carolina’s Downtown Nexton

by Lynn Peisner

SUMMERVILLE, S.C. — Woodfield Development and PGIM have begun construction of Nexton Townhomes, a 114-unit build-to-rent community that comprises the second phase of the developers’ Radler project in Summerville. Both communities are located in Downtown Nexton, a 4,500-acre master-planned development located approximately 25 miles northwest of Charleston along the I-26 corridor. Designed for walkability, Nexton includes residential neighborhoods, approximately 100,000 square feet of dining and retail space, commercial and office development and a network of parks and trails. At full buildout, expected to occur approximately within the next five to …

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Modera-Neptune-oceanside
CaliforniaDevelopmentNewsWestern

Mill Creek Residential Breaks Ground on Modera Neptune in Oceanside, California

by Lynn Peisner

OCEANSIDE, CALIF. — Mill Creek Residential has broken ground on Modera Neptune, a 359-unit mid-rise in Oceanside. Modera Neptune will be comprised of one- and two-bedroom units ranging from 700 to 1,451 square feet, with some units featuring dens. Amenities will include a rooftop resort-style pool and deck with a hot tub and a wellness spa with a steam room, sauna and red light therapy room. An outdoor kitchen will be complemented by a dining and grilling area and fire pit. The property also will feature a clubroom, game room, …

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Alta-Watkins-Morrisville
DevelopmentNewsNorth CarolinaSoutheast

Wood Partners, PGIM to Break Ground on Research Triangle Project

by Lynn Peisner

MORRISVILLE, N.C. — Wood Partners and PGIM are planning to break ground this spring on Alta Watkins in the northwest Raleigh suburb of Morrisville. Developers estimate the 357-unit community will be complete by late 2028. Alta Watkins will be comprised of one-, two- and three-bedroom units and amenities that include a resort-style pool, three outdoor courtyards, a pet spa, a fitness center and a podcast lounge. The property also will offer rentable offices for remote work, event space and short-term stay units for guests. Alta Watkins represents Wood Partners’ third …

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Mondrian-Wine-Room
DevelopmentFeaturesInvestment SalesLeasing & MarketingOperations

Why Branded Luxury Has Become a Fundamental in South Florida Multifamily

by Lynn Peisner

By Ari Pearl Branded luxury in the South Florida multifamily market has moved from fad to fundamental. A branded luxury multifamily community is a high-end apartment or condo building that’s marketed under a well-known luxury brand — often a hotel, fashion, auto or lifestyle brand. Examples include Miami’s Porsche Design tower, which features an elevator transporting both the tenant and their car up to their high-rise unit. Bentley, Fendi and Armani also have lent their name to multifamily development through various partnerships. Today, premium multifamily renters will pay for a …

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102-Fleet-Brooklyn
DevelopmentFinanceNew YorkNewsNortheast

Affinius Capital Originates $300M Refinancing for 102 Fleet in Brooklyn

by Lynn Peisner

BROOKLYN, N.Y. — Affinius Capital has originated a $300 million refinancing loan for 102 Fleet, a 495-unit, 30-story development with 3,700 square feet of ground floor retail space in Brooklyn. The Jay Group is the borrower, using funds to complete construction and lease the property to stabilization. The development site was acquired in 2024. Henry Bodek of Galaxy Capital arranged the financing. The building is comprised of 108 studios, 97 one-bedrooms, 262 two-bedrooms and 28 three-bedrooms. Amenities include a rooftop pool offering skyline views, a gym and spa with steam …

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The-Caroline-Apartments-NYC
Affordable HousingDevelopmentInvestment SalesNew YorkNewsNortheast

Jonathan Rose Cos. Buys Upper Manhattan Affordable Community for $53M

by Lynn Peisner

NEW YORK CITY — Jonathan Rose Cos. has acquired The Caroline Apartments, a 126-unit Section 8 community in New York, for $53 million. This sale marks the eighth transaction under the $660 million Rose Affordable Housing Preservation Fund VI earmarked for preserving existing affordable and mixed-income housing. Locally based Jonathan Rose is planning a $19.7 million renovation that will upgrade The Caroline’s building systems and unit interiors, targeting Enterprise Green Communities certification, an energy-efficiency program specifically for affordable housing properties. The Caroline was built in 1980 and renovated in 2008. …

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