Development

The Royalton at Prosper in Prosper, Texas
DevelopmentNewsTexas

SWBC Begins Developing 270-Unit The Royalton at Prosper Near Dallas

by Channing Hamilton

PROSPER, TEXAS — Dallas-based developer SWBC has broken ground on The Royalton at Prosper, a 270-unit project in Prosper, about 40 miles north of Dallas. The community will offer one-, two- and three-bedroom floor plans. Select units will feature yards and direct-access garages. Amenities will include a clubhouse with a business center, fitness center and pool with cabanas and grilling stations. Cross Architects is designing the project. Carleton Cos. is serving as the general contractor. The first units are expected to be available for occupancy next summer. The Royalton at …

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Authentix South Elgin in South Elgin, Illinois
DevelopmentIllinoisMidwestNews

Continental Properties Breaks Ground on 336-Unit Community in South Elgin, Illinois

by Channing Hamilton

SOUTH ELGIN, ILL. — Continental Properties has begun development of Authentix South Elgin, a 336-unit property in South Elgin, about 40 miles west of Chicago. The garden-style community will offer studio, one-, two- and three-bedroom layouts. Amenities will include a pool, outdoor grill area, clubhouse, fitness center and dog park. Pre-leasing is expected to begin in spring 2025, with move-ins slated for late summer 2025. Authentix Apartments, owned and operated by Continental Properties, is a national brand of residential communities offering garden-style apartments. Continental Properties is based in Menomonee Falls, …

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LEO at Flint Crossing in Huntsville, Alabama
Company NewsDevelopmentFloridaNewsSoutheast

Advenir, Azora Create $3 Billion Partnership to Address National Housing Shortage

by Channing Hamilton

MIAMI AND AVENTURA, FLA. — Florida-based Advenir, which acquires, develops and manages multifamily and single-family rental communities, has entered into a partnership with Spanish global investment firm Azora to create “attainable” rental housing in various markets across the U.S. The deal creates a new, combined corporation called Advenir Azora, which will focus on acquisition, development, asset management, property management and fund services capabilities. Advenir Azora is expected to deploy more than $3 billion over the next five years in hopes of developing at least 10,000 new single-family rental homes and acquiring …

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Traer Creek Apartments in Avon, Colorado
ColoradoDevelopmentFinanceNewsWestern

JLL Capital Markets Arranges $73 Million Construction Financing for Traer Creek Apartments in Avon, Colorado

by Channing Hamilton

AVON, COLO. — JLL Capital Markets has arranged $73 million in construction financing for Traer Creek Apartments, a 242-unit development situated at 5471 East Beaver Creek Blvd. in Avon, about 1.5 miles from Beaver Creek Resort and 8.3 miles from Vail Ski Resort in Vail, Colorado. The borrower was a joint venture between Prime West and Columnar Investments. Leon McBroom and Will Haass led the JLL Capital Markets debt advisory team that represented the borrower. Once completed in 2026, Traer Creek Apartments will consist of three buildings that each rise …

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Grover Landing in Warner Robins, Georgia
Build-to-RentDevelopmentFinanceGeorgiaNewsSoutheast

Parkland Residential Secures $57 Million Refinancing for Build-to-Rent Development in Warner Robins, Georgia

by Channing Hamilton

WARNER ROBINS, GA. — Parkland Residential has secured $57 million in financing for Grover Landing, a 317-unit build-to-rent development currently underway in Warner Robins, approximately 20 miles south of Macon, Georgia. The loan will be used to refinance the units that have already been completed at the community. Grover Landing offers two-, three- and four-bedroom residences. Amenities include a pool with a cabana, playground, pocket parks and a playfield, as well as yard maintenance, pest control, home repairs and appliances. Avi Kozlowski, Thomas Wayda and Dante Distefano of Greystone arranged …

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Switch in Colorado Springs, Colorado
ColoradoDevelopmentNewsWestern

Thompson Thrift to Develop 276-Unit Switch in Colorado Springs, Colorado

by Channing Hamilton

COLORADO SPRINGS, COLO. — Indianapolis-based Thompson Thrift will develop Switch, a 276-unit community situated within the Polaris Pointe development in Colorado Springs. Construction is slated to begin imminently, with first resident move-ins slated for fall 2025. Switch will feature one-, two- and three-bedroom apartments. The average unit size will be approximately 1,000 square feet. Planned amenities include a fitness center, pool, electric fire pits, a billiards and shuffleboard area, bike storage and workshop, outdoor entertainment kitchen, community-wide Wi-Fi, a conference room, dog park, pet spa and Starbucks coffee bar. The …

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DevelopmentLeasing & MarketingNew JerseyNewsNortheast

Larken Associates Begins Pre-Leasing 120-Unit Community in Pohatcong, New Jersey

by Channing Hamilton

POHATCONG, N.J. — Larken Associates has begun pre-leasing Monte View at Pohatcong, a 120-unit garden-style community located at 1001 Monte View Drive in Pohatcong, less than a mile from the New Jersey-Pennsylvania border. The community consists of four buildings. One building includes a clubhouse on the ground level, which features a lounge, game room, coworking space and a kitchen. Additional amenities include a fitness center, pool with a tanning ledge, outdoor seating area with outdoor grills, children’s playground, dog park and pet spa. Monte View at Pohatcong is scheduled to …

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Palladium Old FM 471 in San Antonio
Affordable HousingDevelopmentNewsTexas

Palladium USA Breaks Ground on $79 Million Mixed-Income Development in San Antonio

by Channing Hamilton

SAN ANTONIO — Dallas-based developer Palladium USA has broken ground on Palladium Old FM 471, a $79 million mixed-income project located on an 11-acre site in San Antonio. The community will offer 321 apartments in one-, two- and three-bedroom layouts. Units will be reserved for households earning between 30 and 80 percent of the area median income.  Community amenities will include a pool, fitness center, conference room, business center, dog park and a children’s playroom. Preleasing is scheduled to begin next fall. Palladium USA is developing the project in partnership …

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Union at A2 in Ann Arbor, Michigan
DevelopmentMichiganMidwestNews

The Annex Group to Build $82 Million Affordable Housing Community in Ann Arbor, Michigan

by Channing Hamilton

ANN ARBOR, MICH. — The Annex Group plans to build Union at A2, an $82 million affordable housing community in Ann Arbor. The 250-unit development will offer one-, two- and three-bedroom floor plans. Union at A2 will be available to residents earning at or below 70 percent of the area median income. Planned amenities include a community center, bike storage, fitness center, outdoor picnic area and playground. Partners on the project include BKV Group, Midwestern Consulting and the City of Ann Arbor. Michigan State Housing Development Authority provided $35 million …

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DevelopmentMidwestNewsOhio

Vista Residential Partners Breaks Ground on 308-Unit Trailhead Vista in Newark, Ohio

by Channing Hamilton

NEWARK, OHIO — Vista Residential Partners has broken ground on Trailhead Vista, a 308-unit development in Newark, about 40 miles east of Columbus. The garden-style community will offer a mix of one- and two-bedroom units averaging 862 square feet. Planned amenities include a clubhouse, pool, fitness center, central green area and pet park. Trailhead Vista is situated on 15.6 acres along the Thornwood Corridor Employment Hub, which is comprised of five industrial parks totaling more than 1,600 acres. The property will also offer access to the TJ Evans Trail, a …

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