COLUMBUS, OHIO — Woda Cooper Cos. has hired Tommy Lowmon as senior vice president. In this role, he will help lead the company’s affordable housing development in Georgia, North and South Carolina. Lowmon comes to Woda Cooper from Sugar Hill Capital, Georgia’s state housing tax credit syndicator. Prior to that, he was the housing finance division director with the Georgia Department of Community Affairs (DCA). Woda Cooper Cos. and its affiliates specialize in the development, design, construction and management of affordable and senior housing communities as well as single-family homes. …
Ohio
COLUMBUS, OHIO — Woda Cooper Cos. and co-developer Community Development for All People have opened Columbus Renaissance Housing, a 46-unit affordable housing property in Columbus. Units are reserved for tenants earning up to 60 percent of area median income, which amounts to an annual salary of $61,980 for a family of four. The development of Columbus Renaissance Housing was funded by a combination of public and private investment from entities including the City of Columbus, Franklin County, the Ohio Housing Finance Agency, the Affordable Housing Trust for Columbus & Franklin …
COLUMBUS, OHIO — Affinius Capital LLC has originated a $73.4 million loan to finance the development of Rockpointe at Quarry Trails, a 486-unit project in Columbus. Thrive Cos. — a locally based developer, owner and operator — was the borrower. The community will offer units with walk-in closets, granite countertops, vinyl plank flooring, ceramic tile bathroom floors, stainless steel appliances and washers and dryers. Amenities will include a community kitchen, gaming areas, coworking facilities, a pool and cabanas. Rockpointe at Quarry Trails will comprise the fourth phase of the Quarry …
SPRINGDALE, OHIO — Milhaus has partnered with Parse Capital to break ground on Slate, a 306-unit project in Springdale, approximately 19 miles north of Cincinnati. Located at 505 W. Crescentville Road, Slate will offer 216 garden-style apartments and 90 townhomes across 22 buildings. Planned amenities include a resident lounge, pool, coffee bar, fitness center and bark park. First Financial Bank is providing financing for the development, which is slated for completion in the spring of 2026.
CLEVELAND — Frontline Development Group LLC and Woda Cooper Cos. Inc. have broken ground on Gordon Crossing, a $17.6 million affordable housing development in Cleveland. The four-story development will feature 42 two-bedroom and 12 three-bedroom apartments. Gordon Crossing will be available to households earning up to 80 percent of the area median income. Rents are expected to range from $362 to $1,699, depending on household income and unit size. Residents will have access to shared amenities such as a community room with kitchenette, on-site management office, parcel room and outdoor …
LEWIS CENTER, OHIO — A joint venture between Buckingham and Onyx+East has broken ground on Mural Lewis Center, a 120-unit build-to-rent (BTR) project in Lewis Center, roughly 20 miles north of Columbus, Ohio. The community will offer a mix of two- to four-bedroom homes ranging from 902 to 2,685 square feet. Units will include attached two-car garages and private outdoor spaces. The first units will be available for rent beginning in December. Home and yard maintenance services will be included. Residents have access to shared amenities such as a playground, …
COLUMBUS, OHIO — Reynolds Asset Management, in partnership with the Slabotsky Family Office, has purchased The Commons at Water’s Edge in Columbus for an undisclosed price. George Skaff, Carter Stephens and Julie Mickley of Newmark brokered the transaction, while Henry Stimler and Ricky Warner of Newmark procured the debt. The Commons at Water’s Edge offers 432 units in one- and two-bedroom configurations. The new ownership plans to invest over $10 million to overhaul the property. Renovations are expected to begin immediately and will continue through 2026.
TOLEDO, OHIO — Continental Real Estate Cos. and Hallmark Communities have completed development of Colony Lofts, a 262-unit community in Toledo. Colony Lofts offers amenities such as a pool, grilling stations, fitness center, business center, clubhouse and coffee bar. The property also includes retail spaces, electric vehicle charging stations and an outpost of Central Ohio restaurant chain The Old Bag of Nails Pub. Monthly rents start at $964 for a studio unit, according to the property’s website. Coastal Ridge is the property manager.
TROTWOOD, OHIO — KeyBank Community Development Lending and Investment (CDLI) has provided $23 million in financing for the construction of Jalen Lofts in Trotwood, roughly 8 miles northwest of Dayton, Ohio. Derek Reed and David Lacki of KeyBank CDLI structured the financing, which includes a $9.8 million construction loan, a $3.7 million permanent loan and $9.4 million in low-income housing tax credit financing. Jalen Lofts will feature 66 workforce and affordable housing units, which will be available to families who earn between 30 and 80 percent of the area median …
COLUMBUS, OHIO — RM Communities and Crawford Hoying have secured a $30.5 million acquisition loan for Xander on State, a 229-unit community located at 265 East State St. in downtown Columbus’s Discovery District. Brian Gaswirth, Jesse Wright, Joshua Odessky and Shane Ciacci of JLL Capital Markets arranged the loan through ACRE. Built in 2020, Xander on State offers a mix of studios, one- and two-bedroom units. Residents have access to amenities including a pool, entertainment area, fitness center and theater room. The property also features 2,681 square feet of ground …