PHOENIX — Ulysses Development Group (UDG) has broken ground on Salt River Flats 2, a 168-unit affordable housing community located at 4027 S. 13th St. in Phoenix. The project will offer apartments to families and individuals earning up to 60 percent of area median income. Salt River Flats 2 is adjacent to Denver-based UDG’s first project in Arizona, Salt River Flats, which includes 196 multifamily units and opened in the spring of 2024. Funding was secured through a variety of sources, including the Arizona Industrial Development Authority, which provided $34.5 …
RIFLE, COLO. — Evergreen Real Estate Group has completed the 60-unit Rifle Apartments in Rifle, approximately 183 miles west of Denver. The affordable housing community is comprised of a trio of three-story buildings that include one-, two- and three-bedroom units reserved for households earning between 30 and 80 percent of area median income (AMI). Of the 60 total apartments, 14 are designated as project-based voucher units for families who are earning at or below 30 percent of AMI. The development also is managed by Evergreen and is currently 95 percent …
FORT LAUDERDALE, FLA. — North River Partners and Amzak Capital Management have provided a $68.5 million construction loan to CEDARst Cos. for the development of Flats Flagler Gateway in Fort Lauderdale. The 215-unit, 12-story building at 745 N. Andrews Ave. will include a mix of studio, one-, two- and three-bedroom apartments, some of which will be offered at below-market-rate rents. Specific restrictions were not disclosed. Amenities feature a fitness center, pool, outdoor deck and coworking space. Dorskly + Yue International is the architect. Construction is expected to begin in May …
BLUFFTON, S.C. — International private equity firm Henderson Park and Charleston, South Carolina-based developer Green Room Partners have broken ground on The Bower, a 266-unit build-to-rent community in Bluffton. Amenities at The Bower will include a clubhouse with a library, coworking space, a community kitchen, lounge and a fitness center. Outdoor amenities feature a pool, outdoor kitchen and bar, cabana, grilling stations, pickleball courts, a putting green, fire pit, dog park and an interconnected walking trail system throughout the community. The clubhouse and amenities are scheduled for completion in July …
CANAL WINCHESTER, OHIO — Stark Enterprises, a Cleveland-based developer, has announced Lock Pointe Village, a 120-unit build-to-rent community in Canal Winchester, about 18 miles southwest of Columbus, Ohio. Stark has acquired land at 6700 Nathan Drive, secured financing and is planning to break ground later this spring. The development will be comprised of 37 buildings. Units will feature private driveways and attached two-car garages. Amenities include a fitness center, sports court and a dog park. Completion is slated for 2027.
BROOKLYN, N.Y. — Slate Property Group and Thorobird Cos., in partnership with Bangladeshi American Community Development & Youth Services (BACDYS), has begun construction of 570 Eldert Lane in Brooklyn. The project includes 213 units, 66 of which will be set aside for formerly homeless residents. The remaining units will be reserved for households earning up to 40 or 80 percent of area median income. Units are offered as one- through four-bedroom floor plans. The property was designed by Think! Architecture + Design PLLC. Upon completion, slated for summer 2028, the …
CLEVELAND — Cuyahoga Metropolitan Housing Authority (CMHA), The City of Cleveland, Pennrose, Falbo Group and project partners have opened Sankofa Village IV. With the opening of this 50-unit affordable housing community, the $115 million, 236-unit Cedar Extension Transformation Plan in the Central neighborhood of Cleveland is complete. The overall project was a redevelopment of the 17-acre former Cedar Extension site, which was a public housing area built in the 1950s. Phase IV included one, two- and three-bedroom floor plans in a mix of townhouse and apartment units available at 30 …
THE COLONY, TEXAS — Locally based JPI has broken ground on the $77.8 million Jefferson Grandscape II in The Colony. The 277-unit community is being financed in partnership with Nebraska Furniture Mart and with a loan provided by QuadReal. JPI is now in lease-up on Grandscape I, also located in The Colony. That project was first announced in 2022. Jefferson Grandscape II will be comprised of studios, one-, two- and three-bedroom floorplans. Select units will also provide mud rooms, walk-in pantries, separate showers and dual vanities, private patios and balconies, …
GAITHERSBURG, MD. — WRS has broken ground on the 102-acre redevelopment of Lakeforest Mall in Gaithersburg. The mall opened in 1978 and closed in 2023. WRS’ plans call for replacing the mall’s footprint with a walkable “mini-city.” Through a multi-phase construction project, WRS will replace the 1.1 million square feet of the mall building and its surrounding parking lots with 1,600 housing units, which include approximately 850 rental units and 750 for-sale units including stacked duplexes, townhomes and for sale condominiums. National homebuilder NVR has been tapped to develop approximately …
GARDNER, KAN. — Sallee Development has broken ground on Flint Trails, a $69 million, 264-unit build-to-rent community in Gardner, approximately 30 miles south of Kansas City. The project includes a mix of two- and three-bedroom townhomes as well as a pool, clubhouse and pickleball court. Financing was provided by CommunityAmerica Credit Union. Davidson Architecture + Engineering is the engineer, and Emery Sapp is the general contractor. Estimated monthly asking rents for the units are $2,200. Completion is slated for late 2027. Sallee is headquartered in Lee’s Summit, Missouri, located on …