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Joyfield-Rise-at-Woodward-Charlotte
Affordable HousingDevelopmentNewsNorth CarolinaSoutheast

Standard Communities Breaks Ground on 141 Units of Affordable Housing in Charlotte’s Camp North End

by Lynn Peisner

CHARLOTTE, N.C. — Standard Communities has broken ground on Joyfield Rise at Woodward, a 141-unit affordable housing redevelopment project in Charlotte’s North End. Apartments will be reserved for renters earning between 30 and 80 percent of area median income. Completion is slated for 2028. The community is located within Camp North End, a 76-acre redevelopment of a former industrial site first occupied by the Ford Motor Co. in 1924 and later, in the Cold War era, by the U.S. government for missile manufacturing. Jamestown, which is the owner and operator …

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bloomingdale-Georgia
Build-to-RentDevelopmentGeorgiaNewsSoutheast

Capstone Communities Developing $60 Million BTR Project in Southeast Georgia

by Lynn Peisner

BLOOMINGDALE, GA. — Alabama-based Capstone Communities has broken ground on The Villas at Bloomingdale, a $60 million build-to-rent project in Bloomingdale, 17 miles west of Savannah. The project is situated on an approximately 33-acre site and will feature 263 units as well as such amenities as a resort-style pool, pickleball court, grills and a dog park. CBI Construction is the general contractor, and Nequette Architecture & Design is the architect. Completion is slated for February 2027.

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Enclave-at-Marston-Gainesville
Build-to-RentDevelopmentFloridaNewsSoutheast

JCCG, AREY Group Break Ground on BTR Development in Gainesville, Florida

by Lynn Peisner

GAINESVILLE, FLA. — AREY Group and Jim Chapman Construction Group (JCCG), a general contractor specializing in build-to-rent (BTR) projects, has broken ground on Enclave at Marston in Gainesville. The BTR community will consist of 75 single-family attached homes, eight garage buildings, a maintenance building, clubhouse and a resort-style pool. Completion is slated for the third quarter of 2027.

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Tandem-Providence
Affordable HousingDevelopmentNewsNortheastRhode Island

Pennrose Completes Tandem, a Rhode Island Mixed-Income Community

by Lynn Peisner

PROVIDENCE, R.I. — Pennrose has completed and opened Tandem, the second of a two-phase project in the Fox Point neighborhood of Providence. Along with its sister property, Tempo, which opened in 2025, Tandem completes Pennrose’s redevelopment of Parcel 9, one of the sites created when a stretch of Interstate 195 was relocated in 2009 and former highway land was opened for redevelopment in Providence. Partners on the 9 percent Low-Income Housing Tax Credit project included 195 District, a redevelopment agency; the City of Providence; Webster Bank; RIHousing and several more. …

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Belmora-Chicago
DevelopmentIllinoisLeasing & MarketingMidwestNews

Cross Street, Mavrek Launch Leasing at Chicago’s Belmora

by Lynn Peisner

CHICAGO — Cross Street and Mavrek have begun preleasing at Belmora, a 46-unit community at 919 W. Belmont Ave. in Chicago’s Lakeview neighborhood that includes 5,700 square feet of ground-floor retail space anchored by Studio Three, a locally based fitness company. A second building at 917 W. Belmont Ave., will be completed later this year and will include an additional 46 apartments and 5,3000 square feet of ground-floor retail space, anchored by Foxtrot Café & Market. The community offers studios through two-bedrooms with monthly asking rents ranging from $2,095 to $4,875. …

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Museum-House-Seattle
FinanceNewsWashingtonWestern

Cushman & Wakefield Arranges $250M Refinancing for Museum House in Seattle

by Lynn Peisner

SEATTLE — Cushman & Wakefield has arranged the $250 million refinancing of Museum House, a 506-unit community in Seattle’s First Hill area that was completed in 2025. Dave Karson, Christopher Moyer, Alex Lapidus and Meredith Crawford represented the borrower, an undisclosed pension fund. Barings was the lender. Museum House comprises studio, one-, two- and three-bedroom residences, including 102 affordable homes for renters earning between 60 and 85 percent of area median income. The property consists of two residential towers connected by a glass-enclosed skybridge approximately 300 feet above ground as …

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Evergreen-East-Fairport
Affordable HousingDevelopmentNewsNortheast

WinnCos. Completes $86M Affordable Housing Redevelopment in Upstate New York

by Lynn Peisner

FAIRPORT, N.Y. — WinnCos. has completed the $86 million redevelopment of Evergreen East, a 508-unit affordable housing community in Fairport. Originally constructed between 1972 and 1976 by the New York State Urban Development Corp. (UDC), the property, formerly known as the Pines of Perinton Apartments, was added to the National Register of Historic Places in January 2023. It was noted as an example of UDC’s suburban housing program, which sought to address post-World War II housing shortages with low-density, mixed-income apartments outside urban centers. The property is about 10 miles …

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Cottages-St. Augustine
Build-to-RentDevelopmentFloridaNewsSoutheast

Third Lake, CBI Underway on $50.8M BTR Development in St. Augustine, Florida

by Lynn Peisner

ST. AUGUSTINE, FLA. — Tampa, Florida-based Third Lake Development is underway on construction of The Cottages at St. Augustine. CBI Construction is heading up building efforts at the 33-acre site at 300 Bushwood Circle in St. Augustine. Nequette Architecture designed the 250-unit build-to-rent community. Construction began in March, and completion of the $50.8 million project is slated for December 2027.

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Rivet-Chelsea
AlabamaDevelopmentNewsSoutheast

Thompson Thrift to Develop 300-Unit Property in Metro Birmingham, Alabama

by Lynn Peisner

CHELSEA, ALA. — Thompson Thrift has announced plans to develop Rivet, a 300-unit community in Chelsea, 20 miles southeast of Birmingham, Alabama. Completion of the 300-unit asset is slated for 2027. Rivet will be comprised of one-, two- and three-bedroom units complemented by a resort-style, heated pool, 24-hour fitness center, pickleball court, grilling areas, a fire pit, billiards and shuffleboard, a dog park, business center with conference rooms and focus suites and an Amazon package hub.

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1010waugh-Houston
DevelopmentNewsTexas

Fairfield Residential, KTGY Complete 1010 Waugh in Houston

by Lynn Peisner

HOUSTON — Fairfield Residential has completed and opened 1010 Waugh in the Montrose neighborhood of Houston. KTGY Dallas was the architect. The 14-story building at 1010 Waugh Drive replaces a single-story commercial building with 340 units and amenities that include a pool deck with cabanas, conference and game rooms, sky lounge, bike storage, package lockers, a dog run, electric vehicle chargers and a fitness center. The property also includes 517 parking spaces.

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