WYOMING, MICH. — Thompson Thrift has opened The BLVD at Wilson Crossings, a 344-unit asset in the Grand Rapids suburb of Wyoming. The property offers townhome-style units that come in one- to four-bedroom floor plans. Select units feature attached garages and private yards. Amenities include a clubhouse, fitness center, pickleball courts, game lawn with fire pit, pool and dog park. The first residents began moving in during the winter of 2023. The community is 45 percent leased. Thompson Thrift expects construction to conclude this fall.
OPELIKA, ALA. — Arey Group has begun pre-leasing at The Taylor, a 198-unit community in the historic downtown area of Opelika. Located at 411 South 10th Street, The Taylor will offer one-, two- and three-bedroom layouts. Apartments feature stainless steel appliances and quartz countertops. Monthly rents begin at $1,250. Amenities include an entertainment area and fitness center. The community is slated to open in Q3 2024. The Taylor was designed by Geheber Lewis Associates. Focus Design Interiors provided interior design services.
TRAVERSE CITY, MICH. — Woda Cooper Cos. has opened Annika Place, a $14.7 million affordable housing project located at 947 S. Garfield in Traverse City. Annika Place offers 53 units, including 29 one-bedroom and 24 two-bedroom residences. The property is available to households earning between 30 and 80 percent of the area median income. Monthly rates range from $377 to $1,125 depending on the income restriction and size of the unit. The Traverse City Housing Commission will provide rental assistance for eight units, which will be occupied by formerly homeless …
DOUGLASVILLE, GA. — Resia has opened Resia Tributary, a 433-unit community located in Douglasville, approximately 20 miles west of Atlanta. Located at 1851 Market Street, Resia Tributary spans seven five-story buildings. Units come in studio, one- and two-bedroom floor plans. Apartments feature stainless steel appliances, in-unit washers and dryers, granite countertops and vinyl plank flooring. Community amenities include a fitness center and a pool. The property also includes a two-story building with 9,000-square-foot retail space on the first floor and 13 one-bedroom lofts available for lease on the second floor.
WESTFIELD, N.J. — Adoni Property Group has opened The Franklin Westfield, a 40-unit community in Westfield, 16 miles southwest of Manhattan. The community offers one-, two- and three-bedroom units ranging from 750 to over 2,650 square feet. Amenities include a rooftop deck, pool, putting green, lounge and dining/wine tasting room, fitness center, multi-sport simulator, business center, quiet room, pet wash and dog park.
BOSTON — Locally-based development and investment firm The Davis Cos. has begun leasing Hew at 1515, a 150-unit property located in the Brighton neighborhood of Boston. The building rises seven stories and offers studio, one-, two- and three-bedroom floor plans. Amenities include a clubroom with a catering kitchen, fitness center, rooftop terrace and bar, co-working spaces, a multi-sport simulator and a pet spa. Hew at 1515 is part of a larger complex at 1515 Commonwealth Ave. that includes a 102-unit condo building. The community was designed by RODE Architects. The …
LONGMONT, COLO. — Thompson Thrift has opened Notch66, a 336-unit community in the northern Boulder suburb of Longmont. Notch66 is situated on an 18.4-acre site. Units come in one-, two- and three-bedroom layouts. Select apartments feature detached garages and private yards. Amenities include an early childhood education center for children with an on-site pediatric therapy center, clubhouse, fitness center, pool and dog park. The community is currently over 30 percent leased.
LEDYARD, CONN. — Value Asset Management (VAM), a property management subsidiary of Value Cos., has taken over management services at Fox Run Apartments in the southeastern Connecticut town of Ledyard. This is the first community in VAM’s portfolio to be located in Connecticut. Fox Run Apartments includes 172 units in studio-, one- and two-bedroom floor plans. According to Apartments.com, Fox Run Apartments was constructed in 1965. VAM has introduced an apartment rehabilitation program and rebranded the property website as part of a three-year capital improvements plan for the community.
Build-to-RentColoradoContent PartnerDevelopmentFeaturesIdahoIndustry ContentLeasing & MarketingMontanaNorth DakotaSouth DakotaUtahWesternWyoming
New Supply Tests the Mountain States’ Multifamily Markets
Population growth in the Mountain states over the last several years has fueled historic apartment construction across Colorado and Utah. The activity has created some supply overhang in the Denver and Salt Lake City markets in particular, but continuing in-migration, housing shortages and the high cost of home ownership could sustain their resiliency, say two of Asset Living’s newest executives in the region. Based in Houston, Asset Living manages assets valued at $55 billion nationwide, including more than 1,750 apartment properties in addition to student, affordable and single-family build-to-rent housing. …
Daniel Management Group Takes Over Management of Aloft at the Glen Town Center in Glenview, Illinois
GLENVIEW, ILL. — Daniel Management Group has taken over management services at Aloft at the Glen Town Center, a 180-unit community in Glenview. Aloft at the Glen Town Center offers amenities such as a fitness center, social room and co-working spaces. Units feature full-size washers and dryers, soaking tubs and self-controlled heating/cooling. The property is located in the heart of Glenview, a city approximately 25 miles north of Chicago.