Midwest

Parkline in Grandview Heights, Ohio
DevelopmentMidwestNewsOhio

Nationwide Realty Investors to Construct $100 Million Parkline in Grandview Heights, Ohio

by Channing Hamilton

GRANDVIEW HEIGHTS, OHIO — Nationwide Realty Investors has unveiled plans to build Parkline, a $100 million project located at the Grandview Yard mixed-use development in the Columbus suburb of Grandview Heights. Construction on the community is slated to begin late this year, with delivery slated for 2026. Once completed, Parkline will comprise 385 apartments. The community is designed in an “s-shaped” configuration in order to maximize views of the park and courtyards. The property will also feature first-floor amenities, commercial space and an adjacent parking structure, bringing the neighborhood total …

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Jonathan Treble, Founder and CEO of WithMe Inc.
Industry VoicesMidwestNortheastOperationsSoutheastTechnologyTexasWestern

Amenities Anchor Communities, Foster Live-Work-Play Environment

by Channing Hamilton

— By Jonathan Treble, Founder and CEO of WithMe Inc. In today’s multifamily landscape, amenities play a pivotal role that goes beyond attracting and retaining prospective residents. The right amenity package can enhance residents’ daily experience, nurture a thriving sense of community and ultimately increase the asset’s overall value. By thoughtfully outfitting an asset with the right amenities, property owners and operators can cater to today’s renters’ live-work-play and remote-work lifestyles. Modern Renters Desire “Third Spaces” Post-pandemic, the traditional boundaries between home, office and social spaces have blurred. Remote and …

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Preserve on Ash in Detroit
DevelopmentMichiganMidwestNews

The Community Builders Breaks Ground on 69-Unit Mixed-Income Project in Detroit

by Channing Hamilton

DETROIT — The Community Builders has broken ground on the first phase of Preserve on Ash, a mixed-income housing development that will comprise 600 new and preserved units of affordable housing in the Greater Corktown neighborhood of Detroit.  Phase I will comprise five buildings housing 69 apartment units and more than 5,800 square feet of retail space. Of the total unit count, 48 will be reserved for households earning up to 60 percent of the area median income. Phases II and III of Preserve on Ash are expected to begin …

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Ryan Duling, senior managing director, Lucent
DevelopmentFinanceInvestment SalesMarket ReportsMidwestOhio

Why Columbus is a Hidden Gem

by Channing Hamilton

­Contrary to popular belief, not everyone seeking a better lifestyle moves to Atlanta or Houston. If you live in the Midwest, Columbus has become a prime destination, especially for young people.  The metro has a reputation for being more modern, cosmopolitan and affordable than its other Ohio peers like Cincinnati and Cleveland. U.S. News & World Report ranks Columbus among the top 30 “Most Fun Places to Live in the United States.”  Then it should come as no surprise that according to a new Bank of America report, Columbus tied with Austin …

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The Prairie Encore in Dardenne Prairie, Missouri
DevelopmentMidwestMissouriNews

Mia Rose Holdings Breaks Ground on $90 Million Mixed-Use Development Near St. Louis

by Channing Hamilton

DARDENNE PRAIRIE, MO. — Mia Rose Holdings has broken ground on The Prairie Encore, a $90 million mixed-use development in the northwest St. Louis suburb of Dardenne Prairie.  The four-story building will feature 190 apartment units. Amenities will include two interior courtyards, a 3,000-square-foot lobby with a leasing office, coffee bar, fitness center, coworking spaces, dog park, pool and community gathering spaces. The property will also feature commercial space, such as a Sugarfire Smokehouse with sand volleyball and pickleball courts, Macadoodles, Smalls Sliders, Beer & Spirits, Starbucks, a Circle K …

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FinanceMichiganMidwestNews

Matthews Capital Markets Brokers $8.7 Million Refinancing for Square Apartments in Detroit

by Channing Hamilton

DETROIT — Matthews Capital Markets (MCM), a financing division of Matthews Real Estate Investment Services, has negotiated an $8.7 million loan for the refinancing of New Cadillac Square Apartments in Detroit. Located at 111 Cadillac Square, the building comprises 221 units across 21 stories. Jack Quigley of MCM arranged the loan through a credit union. The floating-rate loan features a free rate lock ability at the borrower’s discretion.

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Affordable HousingDevelopmentFinanceMidwestMinnesotaNews

Wells Fargo Provides $65.5 Million in Construction Financing for Affordable Housing Project in Minneapolis

by Channing Hamilton

MINNEAPOLIS — Wells Fargo has provided $65.5 million in construction financing for Opportunity Crossing, a mixed-use affordable housing project located at 3030 Nicollet Ave. in Minneapolis. The six-story property will offer 110 apartment units, as well as commercial space and a Wells Fargo branch on the first floor. Income restrictions were not disclosed. Wells Fargo’s Community Lending and Investment Group provided $29.5 million in total construction financing, a $6.5 million permanent loan commitment and a $24.5 million Low-Income Housing Tax Credits equity investment. The developer is Project for Pride in …

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Crossroads Westside in Kansas City, Missouri
Investment SalesMidwestMissouriNews

Hamilton Zanze Acquires 222-Unit Crossroads Westside in Kansas City

by Channing Hamilton

KANSAS CITY, MO. — San Francisco-based investment firm Hamilton Zanze has purchased Crossroads Westside, a 222-unit community in downtown Kansas City, for an undisclosed price. Situated at 601 Avenida Cesar E Chavez, Crossroads Westside was built in 2018. Units come in one- and two-bedroom layouts and range from 614 square feet to 1,252 square feet. Amenities include a pool, dog spa, fitness center, sundeck, private art garden, business center, co-working spaces, fire pit, arcade and entertainment lounge. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the …

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OC Living in Chicago
DevelopmentIllinoisMidwestNews

Habitat Opens First Apartment Building at $200 Million Mixed-Use Development in Chicago

by Channing Hamilton

CHICAGO — Locally based developer and property manager Habitat has opened OC Living, the first residential community at Ogden Commons, a $200 million mixed-use development in Chicago’s North Lawndale neighborhood.  Located at 1325 S. Washtenaw Ave., OC Living consists of one four-story building housing 92 units across four stories. Ninety percent of apartments are set aside as affordable housing. Income restrictions for these units were not disclosed. The unit mix includes 23 studios, 60 one-bedroom units and nine two-bedroom apartments. Community amenities include a rubber-surfaced children’s lot with play structures, …

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Investment SalesMidwestMissouriNews

Thompson Thrift Sells 316-Unit Avenue64 Near St. Louis

by Channing Hamilton

O’FALLON, MO. — Thompson Thrift has arranged the sale of Avenue64, a 316-unit community in the St. Louis suburb of O’Fallon. Bonaventure Holding Co. purchased the asset for an undisclosed price. George Tikijian, Hannah Ott and Matt Bukhshtaber of CBRE brokered the deal. Avenue64 spans 17 acres at 1000 Watermark Drive. The community features one-, two- and three-bedroom floor plans. Amenities include a fitness center, pool with cabanas and entertainment areas, bark park and pet spa. Avenue64 was constructed in 2023. The property was 95 percent occupied at the time …

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