NEW YORK CITY — Greysteel has hired Drew McWilliams to lead affordable housing advisory and transaction efforts in New York and other regional markets. He will provide investment sales, debt and structured finance services as well as preservation and tax-credit syndication counsel to owners, developers and institutional investors. McWilliams joins Greysteel from New York City-based Ariel Property Advisors where he served as associate director.
PENSACOLA, FLA. — McDowell Housing Partners has announced plans for Ekos at Warrington, a $41.9 million affordable housing community in Pensacola. Construction is slated for completion by the third quarter of 2027. The 120 units at Ekos at Warrington will be reserved for tenants earning between 40 and 60 percent of area median income. Fifty percent of the units will be set aside for active-duty military members, veterans and their families. Half of those units, representing 5 percent of the total project, will be reserved for veterans experiencing homelessness. The …
ORLANDO, FLA. — Terian Development, the development arm of Terian Group, has broken ground on Emi on 50 in Orlando after securing a construction loan for an undisclosed sum through lender PCCP. JLL arranged the financing. The 336-unit mid-rise project is slated for completion in 2028. Emi on 50 includes studios, one-, two- and three-bedroom units as well as townhomes. Amenities feature a rooftop pool and terrace, a ninth-floor pickleball court, a courtyard, coworking spaces and a speakeasy-inspired lounge. The property will be managed by Willow Bridge Property Co.
RICHMOND, VA. — Middleburg and Harbor Group International have secured an undisclosed sum of construction financing to build Scottwood, a 299-unit property in Richmond. Construction is underway with completion slated for 2027. Truist Bank funded the loan. Henrico County has designated the area surrounding Scottwood as a special focus area for mixed-use development. The community will consist of two four-story buildings, one with 132 units and the other with 167, as reported by Richmond BizSense.
BUFFALO, N.Y. — JLL has arranged approximately $26 million in construction financing for Heritage Point, a mixed-use development in Buffalo that includes 61 apartments. The capital stack consists of a $14.8 million construction loan from lender X-Caliber and $11.2 million in Commercial Property Assessed Clean Energy (C-PACE) financing from CastleGreen Finance. Locally based Sinatra & Co. is the developer and will pursue LEED certification. Located at 120 Main St., Heritage Point will include two six-story properties. Completion is slated for the third quarter of 2027. The JLL Capital Markets team …
RICHARDSON, TEXAS — High Street Residential, a division of Trammell Crow Co., and Tokyo-based Tokyu Land Corp. have broken ground on a 281-unit property located at 110 E. Polk St. in Richardson. The City of Richardson provided an undisclosed sum of tax-increment financing. Completion is slated for the fourth quarter of 2027. Situated on a 3-acre site, the community will replace two existing buildings and a surface parking lot. Units will be built in studio through two-bedroom layouts, and amenities will include a clubroom, coworking areas, resort-style pool, grilling stations, …
NEW YORK CITY — The Moinian Group has begun leasing at ARIA 7 Platt, a 38-story luxury apartment tower in Manhattan’s Financial District. Construction was led by AECOM Tishman, Hill West was the architect, and Rockwell Group provided interior design services. The 250,000-square-foot, 38-story glass-clad tower features 250 units in a mix of studio, one- and two-bedroom layouts and penthouse residences with a dedicated lounge area. Amenities include a fitness center, library, work areas, lounges, private dining spaces with outdoor terrace access, a gaming area, laundry facilities and a communal …
SAN ANTONIO — Architect BKV Group and developer Weston Urban have completed The Continental Residences in San Antonio. The 16-story building features studio, one- and two-bedroom apartments, including a selection of two-story townhomes. A sixth-floor amenity suite is home to a clubroom, coworking space, an indoor-outdoor fitness center and an outdoor pool deck with lounge areas as well as an outdoor kitchen. A lounge is located on the 16th floor with views of San Antonio. The 290-unit high-rise is adjacent to The Continental Hotel, a structure built in 1896, approximately, …
EL PASO, TEXAS — Hamilton Point Investments has sold Forty649 North Hills in El Paso. JLL represented Hamilton Point, and the buyer’s identity was not disclosed. The asset, located at 4649 Loma Del Sur Drive, was 93.3 percent occupied when the deal closed. JLL’s team was led by Steven Hahn Jr., Art Barnes and William Jennings. The 345-unit Forty649 North Hills, developed in 2009, is comprised of 42 two-story buildings. Amenities include a resort-style pool, fitness center, clubhouse, dog park and covered parking.
WASHINGTON, D.C. — The NRP Group has begun construction of The Waymark in Washington, D.C.’s Ward 7 neighborhood, located on the east side of the District. The 109 one-, two- and three-bedroom apartments are income restricted at 30, 50 and 80 percent of area median income and include 22 units set aside as permanent supportive housing for individuals at risk of homelessness or who were previously unhoused. The property will include a fitness center and multi-purpose spaces. Development partner Marshall Heights Community Development Organization (MHCDO) will provide financial-literacy, career and …
