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Solamar Apartment Homes in Kissimmee, Florida
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

JLL Capital Markets Arranges $43 Million Bridge Financing for Build-to-Rent Community in Orlando Suburb

by Channing Hamilton

KISSIMMEE, FLA. — JLL Capital Markets has negotiated $43 million in construction takeout bridge financing for Solamar Apartment Homes, a 210-unit build-to-rent community in the Orlando suburb of Kissimmee. Solamar Apartment Homes was developed in phases and completed in 2023. The community offers townhome-style units. JLL worked on behalf of the borrower, TRUSOT Developments, to secure the financing. Max La Cava, Melissa Quinn, Kenny Cutler, Josh Odessky and Pier Barinci led the JLL Capital Markets Debt Advisory team.

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DevelopmentNew JerseyNewsNortheast

The Community Builders Breaks Ground on 53-Unit Affordable Housing Development in New Brunswick, New Jersey

by Channing Hamilton

NEW BRUNSWICK, N.J. — The Community Builders has broken ground on Stirlingside Residences, a 53-unit affordable housing project in New Brunswick. The property will offer 13 three-bedroom, 30 two-bedroom and 10 one-bedroom apartments. Of the total unit count, 47 will be reserved for households earning 60 percent or less of the area median income. Six units will be set aside for families and individuals who previously experienced homelessness. Amenities will include a community room, fitness room and onsite laundry facilities. The project is slated to deliver in mid-2025.

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Soleste NoMi Beach in North Miami Beach, Florida
DevelopmentFloridaNewsSoutheast

The Estate Cos. Completes 23-Story Soleste NoMi Beach in North Miami Beach, Florida

by Channing Hamilton

NORTH MIAMI BEACH, FLA. — The Estate Cos. (EIG) has completed Soleste NoMi Beach, a 23-story high-rise development located on Biscayne Bay in North Miami Beach. The project comprises 685,957 square feet. The 1.8-acre waterfront property is situated near beaches, the Oleta River State Park, Aventura Mall and Bal Harbour Shops. Soleste NoMi Beach offers 367 apartments. The property will also include 4,460 square feet of commercial space that will house a Peruvian restaurant called Uma Cantina Peruana. Units come in one-, two- and three-bedroom floor plans ranging from 700 …

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DevelopmentNew YorkNewsNortheast

Developer Nears Completion of 44 Springside in Poughkeepsie, New York

by Channing Hamilton

POUGHKEEPSIE, N.Y. — A developer doing business as Built Parcel Six LLC is approaching completion of 44 Springside, a 28-unit property in Poughkeepsie, about 80 miles north of Manhattan. The building rises five stories in the Arlington neighborhood of the city. Amenities include an indoor pool, community room, fitness center, rooftop terrace and flexible space for social events or work functions. The property will also feature approximately 7,000 square feet of commercial space. Tinkelman Architecture designed the community, which is slated to deliver this summer.

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Leavenworth Lofts in Omaha, Nebraska
DevelopmentMidwestNebraskaNews

Sullivan Development Breaks Ground on 28-Unit Leavenworth Lofts in Omaha, Nebraska

by Channing Hamilton

OMAHA, NEB. — Sullivan Development Co. has broken ground on Leavenworth Lofts, a 28-unit building in Omaha. Leavenworth Lofts will offer one-bedroom units that average 1,000 square feet in size. Planned amenities include access to concierge housekeeping and a controlled-entrance garage. Penthouse units on the fifth floor will feature secured access and private rooftop terraces. Units on the lower level will be available as a short-term rental option. The property will also feature a gallery that will spotlight rotating exhibits by local artists. The project is slated to deliver in …

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DevelopmentFinanceGeorgiaNewsSoutheast

BWE Secures $31 Million to Construct Imperium Suwanee in Atlanta Suburb

by Channing Hamilton

SUWANEE — BWE has secured a $31 million loan to finance the construction of Imperium Suwanee, a 212-unit development in the Atlanta suburb of Suwanee. The community will offer amenities such as a fitness center, rooftop clubhouse, EV chargers, cybercafé with a coffee bar, pool, outdoor kitchen and bar, bike storage and repair station, courtyard, dog spa and a business center with a conference room. Thomas Wiedeman, Alan Tapie, Brad Walker and Hanley Long of BWE’s Atlanta office originated the loan through two community bank lenders. The borrower was Imperium …

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Affordable HousingDevelopmentNewsTexas

The NRP Group Completes 330-Unit Mixed-Income Project in Austin

by Channing Hamilton

AUSTIN, TEXAS — The NRP Group has completed The Markson, a 330-unit mixed-income development in the Barton Springs area of Austin. More than half of the total unit count will be reserved for tenants earning 80 percent or less of the area median income. Amenities include a pool, dog park, conference rooms, co-working lounge, coffee bar, fitness center, game room, outdoor kitchen and volleyball and bocce ball courts. The NRP Group developed The Markson in partnership with the Housing Authority of the City of Austin. The property was named after …

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Affordable HousingDevelopmentNewsTexas

Banyan Residential Opens 289-Unit Mixed-Income Community Near Downtown Dallas

by Channing Hamilton

DALLAS — Banyan Residential, in partnership with Bridge Investment Group, has completed Banyan Flats, a 289-unit community located at 2022 N. Beckley Ave, just west of downtown Dallas. The property offers micro, studio, one-, two- and three-bedroom units ranging in size from 415 to 1,425 square feet. Of the total unit count, half will be set aside for households earning 80 percent or less of the area median income. Amenities include a pool, fitness center, clubhouse, dog wash station and a rooftop deck. JHP Architecture designed the property. J.P. Morgan …

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Anthem in Arlington, Texas
DevelopmentNewsTexas

Trademark to Redevelop Shopping Center in Arlington, Texas, into Mixed-Use Community

by Channing Hamilton

ARLINGTON, TEXAS — Trademark Property Co. has unveiled plans for the redevelopment of Lincoln Square, a 45-acre retail center in Arlington. Lincoln Square was constructed 40 years ago. Trademark acquired the property in late 2022 and subsequently entered into a public-private partnership agreement with the City of Arlington to invest $150 million into the redevelopment. The Fort Worth-based owner-operator plans to demolish about 229,000 square feet of the existing space and repurpose another 65,000 square feet at the property. The resulting mixed-use community will be known as “Anthem.” Once converted, the …

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GrandeVille at Malta in Malta, New York
DevelopmentNew YorkNewsNortheast

LeCesse Development Completes 189-Unit GrandeVille at Malta in Malta, New York

by Channing Hamilton

MALTA, N.Y. — LeCesse Development Corp. has completed GrandeVille at Malta, a 189-unit community in Malta, 30 miles north of Albany, New York. The property offers one-, two- and three-bedroom apartments spread across three buildings. Amenities include a pool, fitness center, clubhouse, game room, business lounge and a spa.  GrandeVille at Malta marks the second phase of a larger development. Phase I comprised 292 units. Partners on the development included James Fahy Design Associates, general contractor Platinum-LeChase, Lansing Engineering and Five Star Bank.

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