SAN ANTONIO — Urban Moment, an Austin-based developer, has begun pre-leasing YardHomes Juniper Pointe, a 248-unit community in San Antonio. Units will come in one-, two- and three-bedroom floor plans, with each unit having 250 square feet of private outdoor space. Amenities include a pool, fitness center, outdoor grilling and dining stations, an outdoor event lawn and green spaces. The first move-ins at the property are scheduled to begin after a grand opening ceremony in November.
CHESTER, VA. — Thalhimer Multifamily has been awarded management of The Station at Chester, a 201-unit property in the southern Richmond suburb of Chester. The Station at Chester was built in 2022 and features one-, two- and three-bedroom apartments. Amenities include a pool with a sundeck, clubhouse, fitness center, business center, pet spa, dog park, walking trails and garage rentals. Christy Pangelinan of Thalhimer Multifamily has been assigned as the portfolio manager.
GUNTER, TEXAS — Wolfe Investments has begun leasing Four Cedars Apartments in Gunter, about 52 miles north of Dallas. The property offers 88 one- and two-bedroom units, as well as amenities including pool, clubhouse and outdoor grilling and dining areas. Rents start at $1,450 per month for a one-bedroom apartment. The first move-ins are expected to begin this December.
SOUTH JORDAN, UTAH — Crescent Communities has opened NOVEL Daybreak, a 400-unit community in the Salt Lake City suburb of South Jordan. MAA provided construction financing for the project’s development, while Kier Construction acted as the general contractor. Craine Architecture and CID Design Group designed the complex. NOVEL Daybreak is located 10678 S. Lake Run Road in South Jordan’s Daybreak community. The property features a mix of studio, one- and two-bedroom apartments with quartz countertops, stainless steel sinks and kitchen islands with pendant lighting. Amenities include a coffee lounge, fitness …
MESA, ARIZ. — MEB Management Services has begun leasing The Aster at Mountain Vista in Mesa, just east of Phoenix. The Aster at Mountain Vista comprises seven residential buildings on 8.5 acres. The community features a mix of 80 one-, 66 two- and 10 three-bedroom units for a total of 156 apartments. Each unit comes with smart thermostats, internet connectivity and stainless steel appliances. Amenities include a pool and spa, green spaces, covered parking, a dog park and community clubhouse.
The City of Jacksonville’s pro-development plans have apartment developers feeling confident amid soft market conditions challenging many cities today. Downtown Jacksonville is a 3.9-square-mile area that straddles about six miles of the St. Johns River. It’s made up of eight districts or neighborhoods along the river’s north and south banks. The Downtown Investment Authority (DIA) has identified these eight districts as sites for future development for residential, hotel, retail and office projects. Within these districts, developers are expected in 2024 to complete 31 multifamily projects, which include 8,402 units, according …
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Asset Living Emphasizes Occupancy, Efficiency as Market Conditions Soften
Sensing a shift in the wind, multifamily property manager Asset Living is preparing for a bumpier leasing environment amid rising supply, slowing rent growth and overall economic uncertainty. While an adjustment, it shouldn’t come as a complete shock, says Robert Hicks, an Asset Living division president in charge of the conventional multifamily business in the western United States. Over the past handful of years, the sector has enjoyed some of the highest occupancies he has seen in his 25-year career in the industry, he points out. At the same time, …
DENVER — Crescent Communities has opened NOVEL White Fence Farm, a 202-unit community at 6273 W. Jewell Ave. in Denver’s Lakewood neighborhood. Situated on the site of the former White Fence Farm restaurant, NOVEL White Fence Farm offers amenities such as a restored barn clubhouse, a fitness center, pool, outdoor kitchen, bike storage, work-from-home spaces, pet spa, dog park and a hospitality bar featuring Land of a Thousand Hills coffee. Units come in one- and two-bedroom floor plans across several three- and four-story buildings. The project team includes KTGY, CID …
DALLAS — Miami-based developer Resia, formerly known as AHS Residential, has begun leasing Resia Dallas West in Dallas. The garden-style community features one-, two- and three-bedroom units across eight buildings. Of the total 336 units, 17 are affordable housing residences. Income restrictions for these units were not disclosed. Amenities include a pool, fitness center and a business center. Fifth Third Bank and Pealmark provided construction financing for the project. Rents start at $1,280 per month for a one-bedroom unit.
SPRINGFIELD, N.J. — Garden Communities has begun pre-leasing for the townhome phase of The Metropolitan in Springfield. The Metropolitan offers 47 townhomes in two- and three-bedroom floor plans. Monthly rents for the townhomes begin at $6,945. The first units are expected to be ready for occupancy before the end of 2023. Future project phases include a 223-unit apartment building and 5,000 square feet of retail space. Amenities include a daytime concierge, coffee bar, community room, co-working spaces, fitness center, EV chargers, a pool and an outdoor kitchen.