Development

Viking-Mill-Philadelphia
DevelopmentFinanceNewsNortheastPennsylvania

Chatham Bay Group Secures $37.5 Million Loan from 3650 Capital for Philadelphia Redevelopment

by Lynn Peisner

PHILADELPHIA — Developer Chatham Bay Group has secured a $37.5 million loan to complete construction of Viking Mill in the East Kensington neighborhood of Philadelphia. The lender was 3650 Capital. Viking Mill is being developed in two phases that are slated to deliver in the first and the fourth quarter of 2026, respectively. The project includes the repositioning of an 1800s-era mill into 77 loft-style apartments as well as the ground-up construction of an additional adjacent building that will house 100 units. The community will provide approximately 7,750 square feet …

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The-Emory-at-North-Grove-Waxahachie
DevelopmentNewsTexas

Mia Rose Underway on Construction of The Emory at North Grove in Dallas Metro

by Lynn Peisner

WAXAHACHIE, TEXAS — St. Louis-based developer Mia Rose Holdings has begun construction of The Emory at North Grove in Waxahachie, about 30 miles south of the Dallas-Fort Worth metroplex. The mid-rise building will contain 98 one- and two-bedroom units, retail space and such amenities as a resort-style saltwater pool and a fitness center. Bradbury Construction is the general contractor. Completion is slated for late summer 2026.

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Tina-Frias
DevelopmentIndustry VoicesNevadaWestern

How Partnerships and Policy Can Shape Las Vegas’ Housing Future

by Lynn Peisner

Las Vegas is known for its glistening lights and reputation as the city that never sleeps. But beyond entertainment and world-class dining, approximately 2.4 million people call the valley home. Nevada’s lack of state income tax and pro-business environment has made it a magnet for business as new industries continue to choose Southern Nevada as a hub. As a result, the Las Vegas metro area welcomes more than 4,000 new residents every month. This growth is a testament to our region’s vitality, but it also underscores a defining challenge: the …

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VentureonVenetucci-Colorado-Springs
ColoradoDevelopmentNewsWestern

Thompson Thrift to Develop 336-Unit Property in Colorado Springs

by Lynn Peisner

COLORADO SPRINGS, COLO. — Thompson Thrift has announced plans to develop Venture on Venetucci in Colorado Springs. The 336-unit property is estimated to be complete by March 2027. Located at 4446 Venetucci Blvd., the 16.5-acre Venture on Venetucci will feature one-, two- and three-bedroom floor plans. Unit and community highlights include private yard options, detached garages, full-size washers and dryers, high-speed internet access, an Amazon package hub, a heated pool, a 24-hour fitness center, a pickleball court, a dog park and coworking space. Indianapolis-based Thompson Thrift has developed 12 properties in …

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Memoir-May-Hosiery-Nashville
DevelopmentNewsSoutheastTennessee

AJ Capital Partners Underway on Memoir May Hosiery in Nashville

by Lynn Peisner

NASHVILLE, TENN. — AJ Capital Partners has broken ground on Memoir May Hosiery in Nashville’s Wedgewood Houston neighborhood. The 109-unit property is across the street from May Hosiery Mills, an adaptive reuse project also developed by AJ Capital Partners. Opened in 2015, May Hosiery Mills, once a sock factory in the early 1900s, is set on 18 acres and includes six redeveloped brick buildings on a mixed-use campus with office, dining and retail. Memoir May Hosiery is slated for completion in March 2026. It will be Nashville-based AJ Capital’s fourth …

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Affordable HousingDevelopmentMidwestNewsOhio

The NRP Group Opens The Lofton in Columbus

by Lynn Peisner

COLUMBUS, OHIO — The NRP Group has completed and opened The Lofton, a 245-unit affordable housing community in the South High neighborhood of Columbus. Developed in partnership with the City of Columbus and a nonprofit group called Community Development for All People, the property’s units are reserved for households earning incomes ranging from 30 to 80 percent of area median income. The Lofton features a mix of one- to four-bedroom residences and a 3,500-square-foot ground-floor commercial space that will house a daycare operator. Amenities include a fitness center, a community …

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casa-familia-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Casa Familia, Pinnacle Break Ground on $27 Million Inclusive Community in Miami

by Lynn Peisner

MIAMI — Casa Familia and Pinnacle have broken ground on Gardens at Casa Familia, a 50-unit affordable housing property designed to serve individuals with intellectual and developmental disabilities. The $27 million project is being funded through multiple sources including Low-Income Housing Tax Credit equity. Nonprofit Casa Familia, which specializes in affordable housing for people with disabilities, partnered with Miami-based developer Pinnacle to build the community. Construction began in September, and completion is slated for the first quarter of 2027. The four-story building will feature 50 one-bedroom apartments, each equipped with …

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Novel-Denver-Uptown
ColoradoDevelopmentNewsWestern

Crescent Communities Opens NOVEL Uptown in Denver

by Lynn Peisner

DENVER — Crescent Communities has opened NOVEL Uptown in Denver. The five-story community includes 261 apartments in a mix of studio, one-bedroom and two-bedroom layouts. Corvus Coffee is a retail tenant at the project. BMO and Oxford Properties Group were financial partners. The construction and development team consisted of Tryba Architects (architecture), Kimley-Horn (civil engineering), Dig Studio (landscape architecture), ESG and Milender White (interior design and general contracting, respectively). Crescent Communities has been active in the past year in Colorado. NOVEL RiNo in Denver’s River North Arts District opened in …

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Abacus-Palm-Beach-Gardens
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

Abacus Breaks Ground on Arbor House in Palm Beach County

by Lynn Peisner

PALM BEACH GARDENS, FLA. — JLL has arranged a $77.5 million construction loan for New York City-based Abacus Capital Group to develop Arbor House in Palm Beach Gardens. A publicly traded real estate investment company was the lender for the four-year, floating-rate loan. JLL’s team was led by Mona Carlton, Joshua Odessky and Michael Romero. The 13-story, 302-unit Arbor House will feature an attached garage with 480 parking spaces and a 7,000-square-foot amenity deck on the eighth floor that will be the site of a wellness and fitness center, cold …

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Black-Rock-Crossing-Marquette
Affordable HousingDevelopmentMichiganMidwestNews

Woda Cooper Opens Affordable Housing Community in Marquette, Wisconsin

by Lynn Peisner

MARQUETTE, MICH. — Woda Cooper Cos. and the Keweenaw Bay Indian Community (KBIC) have opened Black Rock Crossing in Marquette. Black Rock Crossing offers 50 affordable rental homes, including 26 one-bedroom apartments and 24 two-bedroom apartments. The units are reserved for residents earning a mix of incomes ranging from 30 to 80 percent of area median income. Nine units are set aside for members of KBIC. Amenities include a second-floor outdoor terrace, a multipurpose room with a kitchenette, a fitness center, a laundry area, an outdoor playground and a patio …

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