Development

Arbor-House-Arlington-Heights
DevelopmentIllinoisMidwestOperations

Bradford Allen Begins Pre-Leasing at Arbor House, The First Phase of Arlington Gateway in Chicagoland

by Lynn Peisner

ARLINGTON HEIGHTS, ILL. — Locally based developer Bradford Allen has begun pre-leasing at Arbor House, a 301-unit community in Arlington Heights, 32 miles northwest of downtown Chicago. Cross Street is handling the leasing, while Lancaster Living is the property manager. Units are available as studios and one-, two- and three-bedroom layouts, with monthly asking rents starting at $1,895. Arbor House also features 26,000 square feet of ground-floor retail. The community will anchor Bradford Allen’s 18-acre mixed-use district known as Arlington Gateway. Arbor House marks Phase I of development, which will …

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Westpark-Philadelphia
Affordable HousingDevelopmentNewsNortheastPennsylvania

Public-Private Partners Begin $500M Philadelphia Public Housing Redevelopment

by Lynn Peisner

PHILADELPHIA — The Philadelphia Housing Authority (PHA) and partners LMXD and MSquared broke ground March 2 on the first phase of the Westpark Apartments redevelopment in West Philadelphia. The multi-phase project as a whole covers 12 acres and will consist of upgrading existing structures as well as building new apartments. The site is home to public-housing high-rises and was developed in the early 1960s. The project cost for Phase I, accounting for 327 new units, is approximately $205 million, according to the Philadelphia Tribune. WHYY reports the total project cost …

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Lineage-Dacula
DevelopmentGeorgiaNewsSoutheast

Thompson Thrift to Develop 300-Unit Lineage in Atlanta Suburb

by Lynn Peisner

DACULA, GA. — Thompson Thrift has unveiled plans for Lineage, a 300-unit community situated on 15 acres about 30 miles northeast of Atlanta. Lineage marks the Terre Haute, Indiana-based developer’s 100th multifamily project. Completion is slated for April 2028. PNC Bank is the construction lender. Amenities complementing the one-, two- and three-bedroom units include a dedicated event space available for private rental, a golf simulator, fitness center, resort-style heated pool, a pickleball court, coworking and conference spaces, a pet spa and dog park.

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Sutton-Flats-Sherman
Affordable HousingDevelopmentLeasing & MarketingNewsOperationsTexas

The NRP Group Opens 300-Unit Mixed-Income Property North of Dallas

by Lynn Peisner

SHERMAN, TEXAS — The NRP Group and Texahoma Housing Partners have opened and begun leasing Sutton Flats, a 300-unit mixed-income community in Sherman, 65 miles northeast of Dallas. Half of the units are reserved for households earning no more than 80 percent of area median income. Monthly asking rents across the community range from $1,132 to 1,540. Amenities include a fitness center, coworking spaces with conference rooms, a game room, clubhouse and lounge, resort-style pool and a dog park. Sutton Flats residents also may rent garage parking spaces. The NRP …

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Minto-Waxahachie
DevelopmentInvestment SalesNewsTexas

Minto Communities USA Buys 3,170 Acres in Dallas Metro for Master-Planned Project

by Lynn Peisner

WAXAHACHIE, TEXAS — Minto Communities USA has acquired 3,170 acres in Waxahachie, 30 miles south of Dallas, where the Florida-based developer will build 13,270 new homes. Construction is expected to begin later this year followed by a multi-year buildout. The community will feature two residential districts — an active adult neighborhood and a traditional multifamily community — supported by approximately 140 acres of mixed‑use development. Plans include 750 multifamily units and 1.2 million square feet of retail and commercial space. Minto is planning amenities such as a town center, 400 …

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DevelopmentNewsTexas

Trammell Crow, Haseko Plan Allora Fallbrook in Houston

by Lynn Peisner

HOUSTON — A joint venture comprised of Trammell Crow Residential and Haseko North America will develop Allora Fallbrook in Northwest Houston. Completion of the 366-unit community is slated for 2027. The four-story property will feature a mix of one- and two-bedroom floor plans highlighted by such amenities as a resort-style pool, a fitness center, clubhouse and outdoor gathering spaces. Haseko North America, based in Irvine, California, is the subsidiary of Haseko Corp., a Japanese residential construction firm.

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West-Virginia-Park
Affordable HousingDevelopmentNewsTexas

FTK Completes $13.6M Rehab of Dallas Affordable Housing Property

by Lynn Peisner

DALLAS — FTK Construction Services has completed the $13.6 million renovation of West Virginia Park, a 204-unit LIHTC property in Dallas. The property owner is April Housing, a subsidiary of Blackstone Real Estate. Renovations at the 204-unit community included new paint, cabinetry, countertops, plumbing, appliances, flooring, lighting, HVAC and water heaters. Common areas were freshly painted, and landscaping and amenity updates also were provided.

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Modera-Allston-Boston
DevelopmentMassachusettsNewsNortheast

Mill Creek Residential Breaks Ground on $145M Modera Allston in Boston

by Lynn Peisner

BOSTON — Mill Creek Residential has broken ground on Modera Allston, a midrise community in the Lower Allston neighborhood of Boston. The property, located at 250 Everett St., will feature 240 units in one-, two- and three-bedroom floor plans. Some units will include dens or private patios and balconies. Residents will have access to a rooftop deck, grilling area, clubhouse, a speakeasy-inspired lounge with a sports simulator, coworking spaces and private workstations and offices. A landscaped courtyard, pet spa, fitness center, electric vehicle charging stations, bike storage and a controlled …

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REV3-Garner-Lake-Lakeland
Build-to-RentDevelopmentNewsSoutheastTennessee

Trilogy Investment Co. Begins Construction of BTR Project in Metro Memphis, Tennessee

by Lynn Peisner

LAKELAND, TENN. — Trilogy Investment Co. has acquired a development site formerly known as Willows Townhomes and begun construction on REV3 at Garner Lake. The 109-unit build-to-rent development in Lakeland is about 20 miles northeast of Memphis, Tennessee, set within the The Lake District, a planned, 160-acre redevelopment, anchored by a 10-acre lake, of the former Belz Factory Outlet Mall. Completion is slated for the fourth quarter of this year. The three- and four-bedroom homes will feature attached garages and open layouts.

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Liva-Travelers-Rest
DevelopmentFinanceNewsSouth CarolinaSoutheast

S3 Capital Provides $29.8M Loan for Construction of Liva Travelers Rest

by Lynn Peisner

TRAVELERS REST, S.C. — S3 Capital has provided a $29.8 million loan to Clear Mountain Properties for the development of Liva Travelers Rest, a 152-unit community in Travelers Rest. Cooper Horowitz arranged the financing. Liva Travelers Rest will consist of five three-story buildings and seven two-story buildings featuring 120 apartment units and 32 townhomes in a mix of one-, two- and three-bedroom floor plans. Amenities will include a resort-style pool, a clubhouse and fitness center, fire pit, a dog park and bike storage. Capstone Building Corp. is the general contractor. …

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