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 …
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 …
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 …
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 …
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.
BOSTON — Beacon Communities has completed the renovation of Lenox Apartments, a 285-unit affordable housing community in the South End/Lower Roxbury neighborhood of Boston. Lenox Apartments comprises 13 buildings and offers one-, two- and three-bedroom floor plans. According to Beacon Communities, the property was originally built in 1939 as the first public housing in Boston dedicated to serving African Americans. The renovation was funded through State and Federal housing and historic tax credits, as well as public and private loans.
SALEM, N.H. — The Dolben Co. has completed Caro Tuscan Village, a 260-unit development in Salem. Caro Tuscan Village is situated on a 7.7-acre site within Tuscan Village, a mixed-use project that is a redevelopment of the former Rockingham Park horseracing complex. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, conference room, clubroom and outdoor grilling and dining stations. HDS Architecture designed the project. Pilot Construction was the general contractor.
DENVER — Berkadia has negotiated $81.2 million in joint venture equity for the development of Alexan Pena Station, a 578-unit development in Denver. Trammel Crow Residential was the sponsor. Cody Kirkpatrick, Chinmay Bhatt and Noam Franklin of Berkadia JV Equity & Structured Capital arranged the joint venture equity partnership on behalf of the sponsor. Berkadia secured the equity through MBK Rental Living, a privately held real estate investment and development firm. Alexan Pena Station will comprise 12 buildings on a 20-acre site. The community will offer one-, two- and three-bedroom …
ST. LOUIS — Brinkmann Constructors has completed 11th and Spruce, a 148-unit complex in downtown St. Louis. The community offers amenities such as a fitness center, clubroom, courtyard, pet spa, dog run and rentable work-from-home space. The property also includes 3,000 square feet of ground-floor retail space. Balboa Real Estate Partners was the developer. TR,i Architects designed the community.
LIBERTY HILL, TEXAS — Greysteel has negotiated the sale of a 15-acre development site in Liberty Hill, about 40 miles north of Austin. J.R. Ellis of Greysteel brokered the transaction. The buyer and seller were not disclosed. The site is approved for the construction of a 345-unit community, which will include a workforce housing component. A construction timeline was also not disclosed.