Development

Porchline-RangeWater
DevelopmentGeorgiaNewsSoutheast

RangeWater Breaks Ground on The Porchline in Atlanta Suburb

by Lynn Peisner

LILBURN, GA. — RangeWater Real Estate, the City of Lilburn and the Lilburn Downtown Development Authority have begun construction of The Porchline, a 269-unit community that will include a 700-space public parking deck in downtown Lilburn, an Atlanta suburb. TMGRI, a subsidiary of The Meridian Group, is also a development partner. Construction completion is expected by approximately late 2026. The Porchline will feature a mix of studio, one-, two- and three-bedroom apartments. The community will feature a pool, grills, a gym, coworking spaces, a dog spa, a bar and a …

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Garrett-Cos-Colorado-Springs
ColoradoDevelopmentNewsWestern

Garrett Cos., Ware Malcomb Break Ground in Colorado Springs

by Lynn Peisner

COLORADO SPRINGS, COLO. — The Garrett Cos. has begun development of an unnamed project in Colorado Springs. Ware Malcomb is providing architecture and civil engineering services for the 163-unit project, situated on 7.3 acres at the intersection of Barnes Road and Rio Vista Street northeast of the city’s downtown area in the Village Seven neighborhood. The developer will complete the project by approximately July 2026. The garden-style design includes four four-story buildings. The unit mix is a combination of one-, two- and three-bedroom floor plans. Every unit will have a …

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Mayla-Cypress-Creek
BerkadiaDevelopmentFinanceFloridaNewsSoutheast

Grover Corlew Secures $92 Million to Develop Mayla Cypress in Fort Lauderdale

by Lynn Peisner

FORT LAUDERDALE, FLA. — Grover Corlew, a Boca Raton, Florida-based developer, has secured a $92 million construction loan to build Mayla Cypress, a 312-unit community in the Cypress Creek submarket of North Fort Lauderdale. Berkadia Managing Director Scott Wadler, Vice President Patrick Johnson, Senior Managing Director Mitch Sinberg, along with Brad Williamson and Matthew Robbins, managing directors of Berkadia Miami and Boca Raton, arranged the three-year construction loan provided by Affinius Capital. The deal closed on May 30. Mayla Cypress is situated on a 3.7-acre site Grover Corlew assembled in …

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Roosevelt-Road
Affordable HousingDevelopmentIllinoisMidwestNews

Related Midwest Completes Third Phase of Roosevelt Redevelopment in Chicago

by Lynn Peisner

CHICAGO — Related Midwest has opened three mixed-income buildings as part of the third phase of its 67-acre Roosevelt Square redevelopment in Chicago. Related Midwest completed development of 207 units including 75 public housing, 40 affordable and 92 market-rate units as well as 10,000 square feet of retail space. The multiphase Roosevelt project is a redevelopment of the ABLA Homes site, which was a Chicago Housing Authority public-housing project made up of four buildings dating back to the 1930s. Each building includes 70 apartments with studios, one-, two- and three-bedroom …

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Lofts-at-Princeton
DevelopmentLeasing & MarketingNew JerseyNewsNortheast

Garden Communities Completes Phase I of Lofts at Princeton

by Lynn Peisner

PRINCETON, N.J. — Locally based developer Garden Communities has completed the first phase of construction of Lofts at Princeton and is now leasing. The 154-unit community is about halfway between New York City and Philadelphia. Floor plans are offered as one- through three-bedroom layouts with monthly asking rents currently averaging $2,399. The community is being developed in three phases and will include a grand total of 656 apartments upon full completion, the date of which was not disclosed. Units feature patios or balconies, stainless-steel appliances and bathrooms with large vanities …

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mosaic-pooler-renderings
DevelopmentFinanceGeorgiaNewsSoutheast

Berkadia Arranges $60.8 Million for Bayline’s Mosaic Pooler Development

by Lynn Peisner

POOLER, GA. — Berkadia has arranged approximately $60.8 million in construction financing for Bayline Group’s Mosaic Pooler project. The 333-unit community will open by approximately May 2026. Located in Mosaic Town Center, a 170-acre, mixed-use development about 10 miles west of Savannah, Georgia, the community will provide a mix of one-, two-, and three-bedroom units. An affiliate of Bayline Group acquired the 12-acre site at 800 High Ave. in 2023. Bank OZK provided a $47.5 million three-year, floating-rate loan. Berkadia also lined up $13.3 million in preferred equity through FCP. …

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Alta-Flatirons
ColoradoDevelopmentNewsWestern

Wood Partners Breaks Ground on Alta Flatirons Near Denver

by Lynn Peisner

SUPERIOR, COLO. — Wood Partners has broken ground on Alta Flatirons in Superior, 22 miles northwest of Denver. The 251-unit building will include a mix of studio, one- and two-bedroom layouts. Amenities feature a lobby area with a coffee bar, a clubroom with kitchen and wine storage, a library with coworking space, a billiards room, conference and game rooms, a fitness center, pool and a courtyard with a grilling area and dog park. Wood Partners will complete the project by approximately April 2027. Alta Flatirons is being developed on the …

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Avilla Railhead
Build-to-RentDevelopmentNewsTexas

NexMetro Opens DFW Build-to-Rent Project

by Lynn Peisner

CLEBURNE, TEXAS — NexMetro Communities has opened Avilla Railhead, a build-to-rent property 32 miles south of Fort Worth, Texas. This is NexMetro’s 16th community developed in the Dallas-Fort Worth metro area. Avilla Railhead includes 211 detached, single-level homes that come as one-, two- or three-bedroom floor plans. Units feature private front porches and backyards, smart-home technology and garages with electric-vehicle chargers. Amenities include a pool and lounge area, outdoor pavilion and grills, a dog park and gaming areas. In addition to Dallas-Fort Worth, NexMetro has developed properties in such Sun …

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The-Declan
DevelopmentNew JerseyNew YorkNewsNortheast

Rockpoint Opens Declan in Weehawken

by Lynn Peisner

WEEHAWKEN, N.J. — Rockpoint has opened The Declan in Weehawken. The 10-story, 298-unit property is located across the Hudson River from Manhattan. Floor plans are offered as studios and go up to three-bedrooms. According to Apartments.com, monthly rental rates range from $3,380 to $7,875. Units feature hardwood-style plank flooring, quartz countertops, stainless-steel appliances and private balconies, patios or terraces. Highlights from the long list of amenities include a landscaped courtyard with grills, an outdoor dining room, a double-sided fireplace and a gaming area. The property also is home to a …

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Opus in Los Angeles
CaliforniaDevelopmentFinanceNewsWestern

BWE Secures $220 Million Refinancing for Luxury Apartments in Los Angeles’ Koreatown

by Lynn Peisner

LOS ANGELES — BWE has arranged $220 million in loans for locally based Jamison Properties to refinance construction debt on Opus, a 428-unit high-rise in Los Angeles’ Koreatown neighborhood. Jamison broke ground on Opus in 2022 and opened the property, which consists of two towers, in 2024. Opus is managed by Greystar. Monthly rental rates range from $3,630 to $4,945, according to Apartments.com. The property was 90 percent leased at the time of the loan closing. BWE’s Max Sauerman, senior vice president, and Tyler Shebeck, vice president in BWE’s Los …

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