DALLAS — FTK Construction Services has completed the $13.6 million renovation of West Virginia Park, a 204-unit LIHTC property in Dallas. The property owner is April Housing, a subsidiary of Blackstone Real Estate. Renovations at the 204-unit community included new paint, cabinetry, countertops, plumbing, appliances, flooring, lighting, HVAC and water heaters. Common areas were freshly painted, and landscaping and amenity updates also were provided.
BOSTON — Mill Creek Residential has broken ground on Modera Allston, a midrise community in the Lower Allston neighborhood of Boston. The property, located at 250 Everett St., will feature 240 units in one-, two- and three-bedroom floor plans. Some units will include dens or private patios and balconies. Residents will have access to a rooftop deck, grilling area, clubhouse, a speakeasy-inspired lounge with a sports simulator, coworking spaces and private workstations and offices. A landscaped courtyard, pet spa, fitness center, electric vehicle charging stations, bike storage and a controlled …
LAKELAND, TENN. — Trilogy Investment Co. has acquired a development site formerly known as Willows Townhomes and begun construction on REV3 at Garner Lake. The 109-unit build-to-rent development in Lakeland is about 20 miles northeast of Memphis, Tennessee, set within the The Lake District, a planned, 160-acre redevelopment, anchored by a 10-acre lake, of the former Belz Factory Outlet Mall. Completion is slated for the fourth quarter of this year. The three- and four-bedroom homes will feature attached garages and open layouts.
TRAVELERS REST, S.C. — S3 Capital has provided a $29.8 million loan to Clear Mountain Properties for the development of Liva Travelers Rest, a 152-unit community in Travelers Rest. Cooper Horowitz arranged the financing. Liva Travelers Rest will consist of five three-story buildings and seven two-story buildings featuring 120 apartment units and 32 townhomes in a mix of one-, two- and three-bedroom floor plans. Amenities will include a resort-style pool, a clubhouse and fitness center, fire pit, a dog park and bike storage. Capstone Building Corp. is the general contractor. …
BROCKTON, MASS. — Massachusetts Housing Finance Agency (MassHousing) has provided $50 million for the first phase of redevelopment at the Campello Apartments campus in Brockton, approximately 24 miles south of Boston. The total project cost is $115.3 million. The distressed public housing community was built in 1972. In the first of three redevelopment phases, a new seven-story, 144-unit building will be constructed. The overall plan calls for the demolition of one single-story and two high-rise buildings, which currently include 398 public housing units. The demolished buildings will be replaced with …
By Mark English One of the most famous illustrations of the Dunning–Kruger effect dates back to 1995 in Pittsburgh where two men robbed a bank in broad daylight without wearing masks, sunglasses, fake mustaches or any form of disguise. Unsurprisingly, they were quickly identified on closed-circuit television and arrested. What stunned law enforcement — and later the academic community — was the explanation the suspects offered. They genuinely believed that by rubbing lemon juice on their faces, they would be invisible to security cameras. Their reasoning was that lemon juice …
DALLAS — BDT & MSD Partners and Trammell Crow Co. have topped out the Knox Street mixed-use project under construction in Dallas. Knox Street includes The Lora, a 27-story, 186-unit apartment tower, as well as 150,000 square feet of office space, 100,000 square feet of retail, a half-acre park and The Knox Hotel and Residences, a 140-room hotel and 47 luxury for-sale condos. The Lora is one of the first buildings that will be complete this summer, according to the developers. The Lora will offer a mix of one-, two-, …
PATERSON, N.J. — WinnDevelopment, ART-JIUS, a locally based developer, and Rising Dove Carroll Street Houses, a nonprofit affiliate of Paterson’s Second Baptist Church, have begun the redevelopment of Carroll Street Houses, an 88-unit affordable housing community in Paterson. The $26 million renovation of the townhome-style property, originally developed in 1977, is anticipated to be complete within 18 months. Residents will remain in-place during construction. The LIHTC project will ensure rents remain affordable to households earning at or below 80 percent of area median income for the next 30 years. Rising …
TOMBALL, TEXAS — Wood Partners has broken ground on Alta Timberline, a 204-unit community in Tomball, 34 miles northwest of Houston. Completion is slated for May 2027. The seven three-story buildings will feature a mix of one-, two- and three-bedroom layouts. The ground-floor units offer a private yard, while upper-level floors feature personal balconies. Amenities include a clubhouse, a resort-style pool, an outdoor kitchen area with gas grill stations, a TV, fans and seating for lounging and dining, two pickleball courts, a dog park, a pet spa, a business lounge, …
CARY, N.C. — Locally based Woodfield Development has opened EMORIE at Alston Town Center, a 302-unit property in Cary adjacent to a regional, open-air center, owned by American Asset Corp., anchored by Whole Foods. Located at 3905 Mahal Ave., EMORIE, features a mix of studio, one- and two-bedroom units ranging from 682 to 2,647 square feet. Additionally, the development includes a mix of townhomes, three penthouses and carriage units with private garages. Amenities feature a resort-style pool and courtyard with private cabanas and an outdoor kitchen, a fitness center and …
