Development

AVARA-Miami
DevelopmentFloridaNewsOperationsSoutheast

Mast Capital, Rockpoint Complete AVARA Miami Beach

by Lynn Peisner

MIAMI BEACH — Mast Capital and Rockpoint have opened AVARA, a 178-unit community at 3900 Alton Road in Miami Beach. Monthly asking rents at the eight-story development begin at $3,200 for a junior one-bedroom unit. Floor plans also are offered as two- and three-bedroom configurations as well as penthouses. Arquitectonica was the architect, interior design was provided by CID Design Group, and Within Hults + Partners was the landscape architect. Amenities include a second-floor pool deck overlooking Biscayne Bay that also features an outdoor kitchen with grilling stations. Inside, residents …

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Hom-Flats-Wyoming
Affordable HousingDevelopmentFinanceMichiganMidwestNews

Merchants Capital Arranges $91 Million for Mixed-Income Development in Metro Grand Rapids, Michigan

by Lynn Peisner

WYOMING, MICH. — Merchants Capital has arranged approximately $91 million in financing for the development of HōM Flats at 28 West, the third phase of a mixed-use, mixed-income development in Wyoming. Grand Rapids, Michigan-based investment and development firm Magnus Capital Partners is the developer. The financing package includes a $30.6 million Freddie Mac loan, $16.7 million in 4 percent Low-Income Housing Tax Credit (LIHTC) equity and a $43.5 million construction bridge loan provided by Merchants Bank. HōM Flats at 28 West will connect to 28 West Place, a recently renovated …

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Paseo-Austin
DevelopmentNewsOperationsTexas

LV Collective Opens Paseo in Austin

by Lynn Peisner

AUSTIN, TEXAS — Austin-based developer LV Collective, formerly known as Lincoln Ventures, has completed and opened Paseo, a 48-story tower at 80 Rainey St. in downtown Austin. Paseo offers 498 units in studio, one-, two- and three-bedroom floor plans, as well as four penthouses and a pool, deck and bar on the 12th floor with views of Lady Bird Lake. ROOST Rainey, a 59-room hotel, is located on floors 14 through 17. Residents also have access to Daydreamer, a ground-level café and bar, Amaya, a Mediterranean-inspired restaurant, a fitness center …

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The-Square-Athens
Affordable HousingDevelopmentGeorgiaNewsSoutheast

Public and Private Partners to Build $65 Million Affordable Housing Community in Downtown Athens, Georgia

by Lynn Peisner

ATHENS, GA. — Columbia Residential, in partnership with the Athens Housing Authority and Jonathan Rose Cos., has closed on $65 million in financing for development of The Square at NoDa. The 146-unit affordable housing community represents the second phase of a larger redevelopment of approximately 12 acres in north downtown Athens that was formerly home to the Bethel Midtown Village housing development, which was constructed in the early to mid-1970s and demolished in 2021. Phase I consisted of The View at NoDA, a 120-unit mixed-income community that opened in December …

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CanopyFlats-Overland-Park
DevelopmentKansasMidwestMissouri

Thompson Thrift Breaks Ground on Canopy Flats in Overland Park

by Lynn Peisner

OVERLAND PARK, KAN. — Thompson Thrift has begun construction of Canopy Flats, a 303-unit property in Overland Park, located in the Kansas City metro area. Completion is slated for 2027. Canopy Flats is situated on a 13-acre site. Units will be comprised of one-, two- and three-bedroom floor plans. Amenities feature a fitness center with a sauna and cold plunge, a golf simulator, billiards, shuffleboard, a putting green, a heated pool, an outdoor movie wall, grilling stations, a dog park and spa and a conference room with screenshare and video …

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The-Hawkins-Chamblee
DevelopmentGeorgiaLeasing & MarketingNewsSoutheast

Atlas Real Estate Partners Opens The Hawkins in Metro Atlanta

by Lynn Peisner

CHAMBLEE, GA. — Atlas Real Estate Partners has opened The Hawkins, a 192-unit property in Chamblee, 14 miles northeast of downtown Atlanta. In addition to Atlas, the development team included FIDES Development, New South Construction, Nelson Architects, Banko Design and Greystar Property Management. The Hawkins offers a mix of studio, one-, two- and three-bedroom units and such amenities as a sky lounge with panoramic views of the neighboring Dekalb-Peachtree Airport, coworking spaces, an indoor-outdoor fitness center, a resort-style pool, ground-floor retail and a dog spa.

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veranda-dellbrook-Hockley
Build-to-RentDevelopmentNewsTexas

KTGY, Empire Homes Complete Veranda Dellbrook in Houston Metro

by Lynn Peisner

HOCKLEY, TEXAS — Architect KTGY and developer Empire Homes have completed Veranda Dellbrook, a 182-unit build-to-rent community in Hockley. The property is located within the Dellrose master-planned community, approximately 35 miles northwest of Houston. Veranda Dellbrook is modeled on a concept developed by KTGY called The Patch, defined by a walkable cottage-community format featuring internal walkways that connect each home and amenity space. Veranda Dellbrook offers one-, two-, three- and four-bedroom residences, each with private yards. Amenities feature a clubhouse, a resort-style pool and hot tub, an outdoor lounge with …

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Riverdale-Tower-Bronx
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Berkadia Arranges $32.4 Million Loan for The Stagg Group

by Lynn Peisner

NEW YORK CITY — Berkadia has arranged a $32.4 million Freddie Mac construction take-out loan on behalf of The Stagg Group. The affordable housing developer, owner and investor will use the funds to retire the existing construction loan on The Riverdale Tower. The 89-unit property is 100 percent occupied. Berkadia’s Matt Nihan arranged the financing. Located at 3745 Riverdale Ave., The Riverdale Tower was completed in 2024 and is an 18-story high-rise offering a mix of studio, one- and two-bedroom units ranging from 400 to 900 square feet. The property …

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OHT-Clear-Lake
DevelopmentNewsTexas

OHT Partners Breaks Ground on 336-Unit Project in Southeast Houston Metro

by Lynn Peisner

HOUSTON — OHT Partners has broken ground on a 336-unit project in the Clear Lake area of Houston, about 23 miles southeast of downtown. A fund advised by Crow Holdings is an investment partner. Additionally, the project team consists of Meeks + Partners (architect), Quiddity Engineering (civil engineer), United Structural Consultants (structural engineer), MEP Delta Design (mechanical, electrical and plumbing engineer), Ellie Aiello Interiors (interior design), and KFM Engineering & Design (landscape architect). The project will include one- and two-bedroom units as well as amenities such as a 24-hour coworking …

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Homestead-Lehi
ArizonaDevelopmentNewsWestern

Evergreen Breaks Ground on $62.5 Million Project in Metro Phoenix

by Lynn Peisner

MESA, ARIZ. — Locally based Evergreen Devco has broken ground on The Homestead at Lehi, a $62.5 million, 222-unit community in Mesa. Completion is slated for August 2027. The development team includes MT Builders, BMA Architecture, Atwell (engineering services) and Collaborative V (landscape architect and land planning). The three-story garden-style property will feature one- and two-bedroom units averaging 922 square feet and amenities such as a hot tub, a fitness center, a dog park, coworking space and electric vehicle charging stations.

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