THE COLONY, TEXAS — JPI has broken ground on Jefferson Morningstar, a 373-unit project in The Colony, about 25 miles north of downtown Dallas. The garden-style property will offer studio, one-, two- and three-bedroom apartments. Residents will have access to amenities such as a pool, fitness center, dog park, coworking spaces and a clubhouse. The first units are expected to be available for occupancy by early 2027. JPI is partnering with Nomura Real Estate Development Co. Ltd. and Yoram Avneri, the original owner of the land, on the project.
Development
CHARLOTTE, N.C. — Alliance Residential Co. has opened Matheson Mill by Broadstone, a 302-unit community in Charlotte’s North Davidson, or NoDa, neighborhood. Matheson Mill by Broadstone consists of one- and two-bedroom units. The Charlotte-based development team included architect Cline Design, civil engineer McAdams Co. and interior designer LS3P. Matheson Mill features a 24-hour fitness center, resort-style saltwater pool and an outdoor dining area with grilling station, pergola and fire pit. The community’s resident clubroom features vintage style arcade games, a gas fireplace and entertainment kitchen. Other amenities include coworking areas, …
FLOWER MOUND, TEXAS — Realty Capital Residential has completed the development of Thirty-One Eleven Sunset, a 16-story residential tower overlooking Lake Grapevine in Flower Mound, about 30 miles northwest of downtown Dallas. The property offers 207 units in a mix of one-, two- and three-bedroom floor plans. Monthly rates begin at $4,000. Amenities include a rooftop pool with a terrace and spa, bar and lounge, dining room, fitness center, golf simulator and guest suits that residents can reserve for visitors. The property also includes a five-level parking garage and 6,000 square …
LEWIS CENTER, OHIO — A joint venture between Buckingham and Onyx+East has broken ground on Mural Lewis Center, a 120-unit build-to-rent (BTR) project in Lewis Center, roughly 20 miles north of Columbus, Ohio. The community will offer a mix of two- to four-bedroom homes ranging from 902 to 2,685 square feet. Units will include attached two-car garages and private outdoor spaces. The first units will be available for rent beginning in December. Home and yard maintenance services will be included. Residents have access to shared amenities such as a playground, …
WASHINGTON, D.C. — Tishman Speyer, along with property management firm Bozzuto, has launched pre-leasing at Residences at Mazza, a 321-unit mixed-use project located at 5300 Wisconsin Ave. NW within the Friendship Heights neighborhood of Washington, D.C. The site is situated within a block from the Friendship Heights Metro station. Residences at Mazza will offer 321 apartments, townhomes and penthouses. Amenities will include a coworking lounge, rooftop lounge, fitness center, central courtyard with a lap pool and media room. The property will also include a 70,000-square-foot retail concourse. The design team …
WASHINGTON, D.C. — The Trump administration has halted at least $60 million in financing intended for affordable housing developments across the nation, according to the Associated Press. At the direction of the Department of Government Efficiency (DOGE), the U.S. Department of Housing and Urban Development (HUD) has terminated contracts for at least two of the three organizations in its Section 4 program, which the Associated Press states could stall the development of hundreds of affordable housing projects across the United States. The Section 4 program, also known as the Capacity Building for …
HAINESPORT, N.J. — New Jersey-based developer Walters is underway on the development of Cornerstone at Hainesport, a 73-unit affordable housing project in Hainesport, roughly 23 miles east of Philadelphia. The property will consist of six buildings. Units will come in one-, two- and three-bedroom layouts. The community will be available to households earning 60 percent or less of the area median income. Amenities include a basketball court, children’s play area and a clubhouse with computer workstations. The first apartments are expected to be available for occupancy by December.
NEW YORK CITY — Brisa Builders Development LLC and PMG Affordable have secured $51.7 million in financing for 19-19 Cornaga Ave., a 92-unit affordable housing project located in the Downtown Far Rockaway Special Purpose District in Queens. The financing package includes: Additionally, the developers are leveraging roughly $21.4 million in low-income housing tax credit (LIHTC) equity syndicated by Enterprise, $2.3 million in state LIHTC equity and $41,000 in solar tax credit equity. BWE is providing permanent financing through Freddie Mac. 19-19 Cornaga Ave. will offer a mix of studio, one- …
HUNTINGTON BEACH, CALIF. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $60.9 million in financing for a 28.9-acre redevelopment project in Huntington Beach. Gary Mozer of IPA secured the 18-month, nonrecourse loan on behalf of an undisclosed California-based investment and development firm. The borrower plans to develop a residential and hospitality property, which was approved by the Huntington Beach City Council, on the site. The property will feature a 50-unit affordable housing community, with 25 units to be rented to hotel workers employed onsite and nearby. The …
By Mark English, E&A Team Inc. Every short-term decision contributes to a long-term goal. In multifamily housing construction, the consequences of short-term decisions are particularly evident when an owner hires an architect, contractor or a superintendent who lacks a full understanding of accessibility compliance. It all comes down to two key questions: What regulations apply to the property, and what are the technical standards each regulation requires you to apply? The answers to these questions determine the applicable accessibility requirements for the property. In 2007, I was shocked to learn …