GAINESVILLE, FLA. — AREY Group and Jim Chapman Construction Group (JCCG), a general contractor specializing in build-to-rent (BTR) projects, has broken ground on Enclave at Marston in Gainesville. The BTR community will consist of 75 single-family attached homes, eight garage buildings, a maintenance building, clubhouse and a resort-style pool. Completion is slated for the third quarter of 2027.
PROVIDENCE, R.I. — Pennrose has completed and opened Tandem, the second of a two-phase project in the Fox Point neighborhood of Providence. Along with its sister property, Tempo, which opened in 2025, Tandem completes Pennrose’s redevelopment of Parcel 9, one of the sites created when a stretch of Interstate 195 was relocated in 2009 and former highway land was opened for redevelopment in Providence. Partners on the 9 percent Low-Income Housing Tax Credit project included 195 District, a redevelopment agency; the City of Providence; Webster Bank; RIHousing and several more. …
CHICAGO — Cross Street and Mavrek have begun preleasing at Belmora, a 46-unit community at 919 W. Belmont Ave. in Chicago’s Lakeview neighborhood that includes 5,700 square feet of ground-floor retail space anchored by Studio Three, a locally based fitness company. A second building at 917 W. Belmont Ave., will be completed later this year and will include an additional 46 apartments and 5,3000 square feet of ground-floor retail space, anchored by Foxtrot Café & Market. The community offers studios through two-bedrooms with monthly asking rents ranging from $2,095 to $4,875. …
On August 20, Multifamily & Affordable Housing Business hosted the webinar “Better Bathroom Decisions in Affordable Housing — Balancing Investor Returns and Resident Needs.” The discussion covered how bathroom design and specification decisions can influence maintenance costs, resident satisfaction, accessibility and long-term asset performance in affordable housing communities. Panelists reviewed why bathrooms deserve more strategic attention during the design and specification process. They also covered strategies for approaching affordable housing, where repairability matters and where repairs often must be completed in occupied units. Key Takeaways: Click here to access the …
FAIRPORT, N.Y. — WinnCos. has completed the $86 million redevelopment of Evergreen East, a 508-unit affordable housing community in Fairport. Originally constructed between 1972 and 1976 by the New York State Urban Development Corp. (UDC), the property, formerly known as the Pines of Perinton Apartments, was added to the National Register of Historic Places in January 2023. It was noted as an example of UDC’s suburban housing program, which sought to address post-World War II housing shortages with low-density, mixed-income apartments outside urban centers. The property is about 10 miles …
ST. AUGUSTINE, FLA. — Tampa, Florida-based Third Lake Development is underway on construction of The Cottages at St. Augustine. CBI Construction is heading up building efforts at the 33-acre site at 300 Bushwood Circle in St. Augustine. Nequette Architecture designed the 250-unit build-to-rent community. Construction began in March, and completion of the $50.8 million project is slated for December 2027.
CHELSEA, ALA. — Thompson Thrift has announced plans to develop Rivet, a 300-unit community in Chelsea, 20 miles southeast of Birmingham, Alabama. Completion of the 300-unit asset is slated for 2027. Rivet will be comprised of one-, two- and three-bedroom units complemented by a resort-style, heated pool, 24-hour fitness center, pickleball court, grilling areas, a fire pit, billiards and shuffleboard, a dog park, business center with conference rooms and focus suites and an Amazon package hub.
HOUSTON — Fairfield Residential has completed and opened 1010 Waugh in the Montrose neighborhood of Houston. KTGY Dallas was the architect. The 14-story building at 1010 Waugh Drive replaces a single-story commercial building with 340 units and amenities that include a pool deck with cabanas, conference and game rooms, sky lounge, bike storage, package lockers, a dog run, electric vehicle chargers and a fitness center. The property also includes 517 parking spaces.
CHICAGO and ARLINGTON, VA. — AvalonBay Communities and Equity Residential have completed their merger, creating Vivmark Residential, a new real estate investment trust, which began trading on the New York Stock Exchange under the ticker symbol VMRK on Aug. 18. With a portfolio of approximately 184,000 owned apartments and 11,100 units under construction, Vivmark Residential is now the country’s largest multifamily owner, surpassing Greystar. As of Jan. 1, 2026, Greystar ranked as the top U.S. multifamily owner for the third consecutive year with 119,160 units in its portfolio, according to …
DAVIS, CALIF. — The Michaels Organization and has broken ground on an $88 million community called The Lumberyard in Davis. Development partners include Kyuden Urban Development America (KUDA) and Japan Overseas Infrastructure Investment Corp. for Transport and Urban Development (JOIN), a Tokyo-based firm specializing in overseas transportation and urban development projects. KUDA is the U.S. real estate development subsidiary of Japan-based Kyushu Electric Power Co. The Lumberyard takes its name from Hibbert’s Lumberyard and Hardware Store, which operated on the development site at the intersection of G and 5th streets …
