Development

Palladium East Foster Crossing in Anna, Texas
DevelopmentNewsTexas

Palladium USA Completes Palladium East Foster Crossing in Anna, Texas

by Channing Hamilton

ANNA, TEXAS — Palladium USA has delivered Palladium East Foster Crossing, a $64 million community in the Dallas suburb of Anna. The project is a public-private partnership with the Anna Public Facilities Corp. Palladium East Foster Crossing comprises 239 apartments on an eight-acre site. The four-story development houses one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, conference center, dog park, computer lounge, children’s playroom and clubroom with a mini kitchen. HEDK Architects designed the community. BBL Construction was the general contractor. The Anna Public Facilities Corp. …

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110 Bergen Turnpike in Little Ferry, Jersey
DevelopmentFinanceNew JerseyNewsNortheast

SCALE Lending Provides $75 Million Bridge Loan for 294-Unit Project in Little Ferry, Jersey

by Channing Hamilton

LITTLE FERRY, N.J. — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $75 million bridge loan for a 294-unit project that is nearing completion in the New York City suburb of Little Ferry. Located at 110 Bergen Turnpike, the asset is expected to receive its temporary certificate of occupancy during the current quarter. The property will also feature 8,356 square feet of retail space. The borrower was New Jersey-based developer Capodagli Property Co. The loan features an 18-month term with two six-month extension options. The financing …

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Affordable HousingDevelopmentNewsTexas

Partnership Begins Construction on 192-Unit Affordable Housing Development in Houston

by Channing Hamilton

HOUSTON — A partnership between the Harris County Housing Authority, Harris County Housing & Community Development, OCI Development and Atlantic Pacific Cos. has broken ground on The Residences at Arbor Oaks, a 192-unit affordable housing project in Houston.  The Residences at Arbor Oaks will be reserved for households earning between 30 and 60 percent of the area median income. The property will feature 84 two-bedroom and 108 three-bedroom units. Planned amenities include a pool, fitness center, business center, outdoor grilling and dining stations and a children’s play area. Residents will …

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Palladium San Antonio in San Antonio
DevelopmentNewsTexas

Palladium USA Breaks Ground on $75 Million Palladium San Antonio

by Channing Hamilton

SAN ANTONIO — Palladium USA, in partnership with the San Antonio Housing Trust Public Facility Corp. (SAHTPFC), has broken ground on Palladium San Antonio, a $75 million development in San Antonio. The four-story project is situated on an 18-acre site. Palladium East Foster Crossing will feature 288 units in one-, two- and three-bedroom floor plans. Amenities will include a pool, fitness center, conference center, dog park, business center, children’s playroom and clubroom with a mini kitchen. Pre-leasing will begin by Winter 2025. Cross Architects designed the community. Brownstone Group is …

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Clara Bay Harbor 100th in Bay Harbor Islands, Florida
DevelopmentFinanceFloridaNewsSoutheast

Walker & Dunlop Arranges $53.6 Million Construction Financing for Clara Bay Harbor 100th in Bay Harbor Islands, Florida

by Channing Hamilton

BAY HARBOR ISLANDS, FLA. — Walker & Dunlop has brokered a $53.6 million loan for the construction of Clara Bay Harbor 100th, a 150-unit development in Bay Harbor Islands, 15 miles from Miami. Adam Schwartz, Aaron Appel, Jonathan Schwartz, Keith Kurland, Michael Ianno, Christopher de Raet and Marlon Robins of Walker & Dunlop secured the loan on behalf of the borrower. Located at 1145-1163 100th St., Clara Bay Harbor 100th is the second phase of a three-phase rental development by Clara Homes. Phase II will comprise 45 units. The developer …

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The Amble in Steamboat Springs, Colorado
ColoradoDevelopmentFinanceNewsWestern

JLL Capital Markets Arranges $72.4 Million Construction Loan for The Amble in Steamboat Springs, Colorado

by Channing Hamilton

STEAMBOAT SPRINGS, COLO. — JLL Capital Markets has arranged a $72.4 million construction loan for The Amble, a 42-unit project to be situated at the base of Steamboat Springs Ski Resort in Steamboat Springs. JLL worked on behalf of the borrower, East West Partners, to secure the financing through a regional bank.Leon McBroom, Mark Erland and Kevin Barron led the JLL Capital Markets Debt Advisory team. The Amble is located on a 1.6-acre site at 2300 Mount Warner Cir. The building will rise five stories. The property will feature 6,500 square feet …

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Speakers on the design panel at the InterFace Houston Multifamily conference.
Conference CoverageDevelopmentFeaturesOperationsTexas

InterFace Panel: When It Comes to Amenities in Today’s Multifamily Market, Sometimes Less Is More

by Channing Hamilton

HOUSTON — Within the world of multifamily development, the “amenities arms race” has become a well-documented trend over the past decade, a contest to curate and deliver the most appealing combination of entertainment and wellness features and activities to woo prospective renters. In many instances, this approach was successful, and developers succeeded in capturing the hearts and wallets of renters who sought an “everything under one roof” approach to renting. The fervent movement to deliver more extensive and impressive amenity packages also worked for much of the last decade because …

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DevelopmentGeorgiaLeasing & MarketingNewsPeople NewsSoutheast

Columbia Residential Selects Ken Clark as Chief Operating Officer

by Channing Hamilton

ATLANTA — Columbia Residential, an affordable housing developer and property manager based in Atlanta, has selected Ken Clark for the role of Chief Operating Officer. In this position, Clark will provide executive oversight for the financial operations of the company’s business units, including accounting, finance, human resources and corporate compliance functions. He will work out of Columbia Residential’s corporate headquarters in Atlanta. Clark is a graduate of Morehouse College and earned an MBA in Management of Technology from Georgia Tech.

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Parks at Hallandale in Hallandale Beach, Florida
DevelopmentFinanceFloridaNewsSoutheast

13th Floor Secures $83 Million Construction Loan for Parks at Hallandale in Hallandale Beach, Florida

by Channing Hamilton

HALLANDALE BEACH, FLA. — Miami-based 13th Floor Investments has secured an $83 million construction loan for Parks at Hallandale, a 398-unit project underway in Hallandale Beach, approximately 12 miles south of Fort Lauderdale, Florida. Development is slated to complete in 2026. CIBC Bank USA provided the loan. Scott Wadler and Alec Fox of Berkadia also arranged an undisclosed amount of preferred equity from Houston-based Marble Capital. Situated on 15.5 acres, Parks at Hallandale will offer studio, one-, two- and three-bedroom market-rate and workforce housing units. Planned amenities include a clubhouse, …

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1617 Sherman in Madison, Wisconsin
DevelopmentFinanceMidwestNewsWisconsin

Vermilion Development, Quartz Lake Capital Secure $95 Million Debt and Equity Financing for 309-Unit Project in Madison, Wisconsin

by Channing Hamilton

MADISON, WIS. — A joint venture between Vermilion Development and Quartz Lake Capital has secured $95 million in debt and equity financing for a 309-unit development located at 1617 Sherman Ave. in Madison. JLL Capital Markets negotiated $33.3 million in joint venture equity for the project through Clarion Partners. 1617 Sherman will comprise six buildings featuring apartments and townhome-style units. The average unit size is 793 square feet. Community amenities will include a fitness center, bike storage, pet spa, coworking space, breakout rooms, community garden and a rooftop terrace featuring …

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