Development

615-River-Road-Edgewater
DevelopmentFinanceNew JerseyNewsNortheast

Maxal Group Secures First-Phase Financing for $1 Billion Riverfront Development in New Jersey

by Lynn Peisner

EDGEWATER, N.J. — S3 Capital has originated a $255 million construction loan for The Maxal Group’s 615 River Road, a multifamily project that will comprise the first phase of construction of a $1 billion redevelopment along the Hudson River in Edgewater. The 25-story community will include 381 units, ground-floor retail space and parking for approximately 500 vehicles. Amenities include a fitness center, indoor pool and hot tub, a sauna, golf simulator, sports court, workspaces and a stadium-style screening room. FXCollaborative is the architect, and CetraRuddy is the interior designer. Galaxy …

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Summerlin-Fort-Myers
Affordable HousingDevelopmentFloridaNewsSoutheast

Curran Young Underway on Fort Myers Affordable Housing Redevelopment

by Lynn Peisner

FORT MYERS, FLA. — Curran Young Construction has begun work on 5300 Summerlin Apartments, an affordable housing redevelopment in Fort Myers. The 8.5-acre, 172-unit property will be converted into a 230-unit community across three buildings. Amenities will include a 4,396-square-foot clubhouse, community gardens, a dog park, covered pavilions and grilling areas. Procida is the developer. Completion is slated for 2027. Rent restrictions were not disclosed.

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Keys-Pointe-Baltimore
Affordable HousingDevelopmentMarylandNewsNortheast

Second Phase of Baltimore Public Housing Redevelopment Underway

by Lynn Peisner

BALTIMORE — Construction is underway on Phase II of Keys Pointe, a $36 million affordable housing development in Baltimore. Stakeholders include the Housing Authority of Baltimore City (HABC) and developers The Michaels Organization and Affordable Homes and Communities of Greater Baltimore (AHC). The multi-phase project is a redevelopment of the O’Donnell Heights public housing community that was constructed in 1942 in East Baltimore. This newest complex will offer 60 affordable apartments, with floor plans that range from one- to four-bedroom apartments within townhouse-style buildings. Residents will have access to Keys …

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The-Conway-at-Huxley-Yards-Madison
Affordable HousingDevelopmentMidwestNewsWisconsin

McShane Breaks Ground on Madison Affordable Housing Development

by Lynn Peisner

MADISON, WIS. — McShane Construction Co. has broken ground on The Conway at Huxley Yards, a 50-unit affordable housing community in Madison. It is the third phase of Lincoln Avenue Communities’ Huxley Yards development, which is set on the site of a former Oscar Mayer processing plant. The Conway is situated on a 1.7-acre site at 1846 Commercial Ave. It was designed by Knothe & Bruce Architects and is expected to be completed in the third quarter of 2026. The first two phases, The Victoria and The View, also will …

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The-Greene
DevelopmentGeorgiaNewsSoutheast

RangeWater Breaks Ground on Suburban Atlanta Development

by Lynn Peisner

LAWRENCEVILLE, GA. — RangeWater Real Estate has broken ground on The Greene in Lawrenceville, about 30 miles northeast of Atlanta. The development is RangeWater’s seventh ground-up project in the Atlanta suburbs and its 28th in Georgia to date. Kinea Investimentos, a Sao Paulo-based investment firm, is a financial partner in The Greene. RangeWater’s internal construction division, RangeWater Construction, is leading the building efforts on the 21-acre site. The property’s 300 units will be offered in a unit mix that includes studios and one-, two- and three-bedroom floor plans. A resort-style …

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bode-columbia-city-Seattle
DevelopmentFinanceNewsWashingtonWestern

Dwight Mortgage Trust Provides $44 Million Bridge Loan to Seattle Developer

by Lynn Peisner

SEATTLE — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $44 million bridge loan for Seattle-based developer Bode. The financing retires existing construction debt, covers loan transaction costs, funds an interest reserve and supports final construction completion of two assets, Bode Columbia City and Bode Tacoma Dome. Bode Columbia City in Seattle is an 80-unit property featuring one- and two-bedroom floor plans. Bode Tacoma Dome is a 164-unit community in Tacoma, Washington, offering studios and one-, two- and three-bedroom floor plans.

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Langston-on-Seventh-DC
DevelopmentNewsNortheastWashington, D.C.

The Langston on Seventh Opens Near Howard University

by Lynn Peisner

WASHINGTON, D.C. — The Langston on Seventh, a 204-unit apartment community, has opened at the corner of 7th and S streets in Washington, D.C. The developers were Quadrangle Development and Capstone Development. Cooper Carry was the architect, and SK&A and PDI provided engineering services. Built on the former site of a Howard University research building, the eight-story, 280,000-square-foot community features 14,554 square feet of ground-floor retail, a 74-space, below-grade parking deck, a lobby, a pool deck, outdoor grills and dining areas, coworking spaces, a chef’s kitchen, sports simulator, a conference …

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The-Collins-Cleveland
DevelopmentMidwestOhio

The NRP Group Completes The Collins in Cleveland

by Lynn Peisner

CLEVELAND — Locally based The NRP Group has opened The Collins, a 316-unit luxury community on Cleveland’s Scranton Peninsula, a strip of land surrounded by the Cuyahoga River that was home to industrial businesses from the late 1800s through much of the 20th century. BKV Group was the architect, Dollar Bank served as the construction lender, and the Ohio Department of Development provided funds through its Brownfield Remediation and state Opportunity Zone programs. The Ohio Water Development Authority provided gap financing, and the City of Cleveland provided tax abatement and …

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Roseland-Dallas
Affordable HousingDevelopmentFinanceNewsTexas

Dallas Housing Authority Secures $69 Million Bond Reservation to Renovate Two Affordable Communities

by Lynn Peisner

DALLAS — The Housing Authority of the City of Dallas (DHA) has secured a $69 million bond reservation for the renovation of Roseland Townhomes and Roseland Estates, two affordable housing communities in Central Dallas. The bond reservation is not the entire project cost, rather it is an early piece of the capital stack, enabling DHA to receive 4 percent Low-Income Housing Tax Credits (LIHTC). The redevelopment will include new kitchens, bathrooms, plumbing, flooring, appliances and fixtures in the properties’ 274 units. DHA also will upgrade the recreation center, building infrastructure, …

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Aureum-Franklin
DevelopmentNewsSoutheastTennessee

EMBREY Breaks Ground in Franklin, Tennessee

by Lynn Peisner

FRANKLIN, TENN. — EMBREY has closed on financing, provided by Texas Capital, and begun construction of Thatcher at Aureum, located in the 22-acre Aureum mixed-use development in the Nashville suburb of Franklin. This marks San Antonio-based EMBREY’s fourth multifamily project in Franklin. Completion is slated for the third quarter of 2027. The 296 studio-to-three-bedroom floor plan options will be offered along with amenities such as a clubhouse with workspaces, a resort-style pool and a hot tub, a rooftop terrace, fitness and yoga studios, a 24-hour package room with refrigeration, bike …

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