Southeast

Luxe-at-1820-Tampa
FloridaInvestment SalesNewsSoutheast

StoneBridge Investments Buys Luxe at 1820 in Tampa

by Lynn Peisner

TAMPA, FLA. — StoneBridge Investments has acquired Luxe at 1820 in Tampa from American Landmark for an undisclosed amount. Brian Moulder and Chris Chadbourne of Walker & Dunlop represented the seller. Acquisition financing was arranged by Connor Locke, Brenden Coleman and Skye Stansbury of Walker & Dunlop. The 300-unit garden-style property is located at 1820 Crosstown Club Place in the Tampa suburb of Brandon, about 8 miles east of downtown. The asset was constructed in 2009, and Washington, D.C.-based StoneBridge is planning to implement capital improvements during its hold. “Tampa …

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Colina-WeHo-birmingham
AlabamaDevelopmentNewsSoutheast

Dobbins Group Completes $51 Million Development of Colina WeHo in Birmingham

by Lynn Peisner

BIRMINGHAM, ALA. — Developer Dobbins Group and contractor Capstone Building Corp. have completed Colina WeHo, a $51 million community at 80 West Oxmoor Road in Birmingham. Colina WeHo spans 350,330 square feet and includes 16 buildings with 310 units. Units are offered as one-, two- and three-bedroom floor plans. Amenities include a resort-style heated pool with cabanas, a pickleball court, an outdoor kitchen with grilling stations, community-wide Wi-Fi, a fitness center, package lockers, game lawns and a car wash center. Williams Blackstock Architects was the architect for the development, LBYD …

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Village-at-Cedar-Hills-Jacksonville
Affordable HousingDevelopmentFloridaNewsOperationsSoutheast

Ability Housing Opens $31 Million Affordable Community in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — Ability Housing has completed Village at Cedar Hills, an affordable housing community in Jacsksonville’s Westside neighborhood. Rent restrictions for the property’s 90 units vary, ranging from 30 to 60 percent of area median income (AMI). Monthly rents are based on household size and income and range from approximately $500 for a one-bedroom unit for a household earning 30 percent or less of AMI to approximately $1,380 for a three-bedroom unit for a household earning up to 60 percent of AMI. Six units are reserved for individuals or …

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Wholey-Legacy-Homes-Arlington
Affordable HousingDevelopmentNewsNortheastVirginiaWashington, D.C.

True Ground Housing Partners Opens D.C. Metro Affordable Housing Redevelopment

by Lynn Peisner

ARLINGTON, VA. — True Ground Housing Partners, formerly known as APAH, has opened Wholey Legacy Homes in the Washington, D.C., metro city of Arlington. The project was a redevelopment of a 1-acre portion of the Marbella Apartments site, formerly home to 31 units. The new Wholey Legacy Homes replaces that property and includes 234 units throughout a new 12-story building. The community is located in Arlington’s Rosslyn neighborhood. Wholey Legacy Homes houses 84 one-bedroom, 100 two-bedroom and 50 three-bedroom apartments. The 148,500-square-foot building also features 110 underground parking spaces, an …

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Momentum-Blanding-Jacksonville
Affordable HousingDevelopmentFloridaNewsSoutheast

Falcone Group Opens Attainable Housing Development in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — The Falcone Group has opened Momentum Blanding, a 240-unit workforce housing community in the Westside neighborhood of Jacksonville. The property is Boca Raton-based Falcone’s first workforce project. Monthly asking rents start at $1,299 for a one-bedroom apartment. The community also features two- and three-bedroom units as well as a resort-style pool, a clubhouse with a game room, a business center, a coffee bar, a resident lounge, a playground, a pet park, a yoga studio and a fitness center. Rentyl Apartments & Homes, also based in Boca Raton, …

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Lulah-Decatur
DevelopmentGeorgiaNewsSoutheast

Crescent Communities will Be First to Break Ground at 78-Acre Atlanta-Area Mixed-Use Redevelopment  

by Lynn Peisner

DECATUR, GA. — Vertical construction at Lulah Hills, EDENS’ 78-acre redevelopment of the former North Dekalb Mall in metro Atlanta, will begin in December with the construction of NOVEL Lulah Hills. The six-story community will include 303 units in studio, one-, two- and three-bedroom floor plans. The development includes 39,000 square feet of ground-floor retail. Completion is slated for late 2027. Amenities will include a pool with cabanas, a beer and game garden, outdoor dining spaces, flexible space for workshops and events, a craft closet, a stocked dining pantry and …

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Residences-at-Palm-Court-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Related Group, Miami-Dade County Break Ground on Mixed-Income Project

by Lynn Peisner

MIAMI — Related Group and Miami-Dade County have broken ground on The Residences Palm Court, a 316-unit mixed-use, mixed-income LIHTC project at 950 NW 95th St. in Miami. Out of the 316 homes, 191 will be reserved specifically for seniors. Rents are capped at levels varying across the community from 20 to 80 percent of area median income. Completion is slated for late 2027. The project is a redevelopment that will replace two former public housing communities built during the 1970s. According to Related Group, all current on-site senior residents …

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DevelopmentGeorgiaNewsSoutheast

Alliance Residential Buys Land for Broadstone Development in Atlanta Tech Park

by Lynn Peisner

PEACHTREE CORNERS, GA. — Alliance Residential Co. has acquired 10.7 acres of land in Peachtree Corners, a city about 30 miles northeast of downtown Atlanta, for the development of Broadstone Innovation. The 326-unit property site is located within Technology Park Atlanta, a 500-acre district home to several tech firms and startups. Designed by Brock Hudgins Architects and MAD Studios, Broadstone Innovation will offer floor plans ranging from 600-square-foot junior one-bedrooms to 1,100-square-foot two-bedroom units. Amenities will include a resort-style pool, a fitness center, an outdoor kitchen, fire pits and access …

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Julington
FeaturesFloridaMarket ReportsSoutheast

Market Disequilibrium Signals Opportunity in Jacksonville

by Lynn Peisner

By Paul Berry Jacksonville is increasingly recognized as an outstanding place to live, work and build a business. Its multifamily sector, while recently challenged by a wave of new supply, is set for a rebound that will reward patient investors. With peak deliveries now in the rearview mirror, the metro area is well positioned for a strong cyclical upswing, complementing its already robust economic trajectory. Core Drivers: Population Growth, Pro-Business Jacksonville is a legitimate, big-league city. The population of the metro area has reached 1.76 million, growing by about 37,000 …

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CieloView-St-Cloud
DevelopmentFloridaNewsOperationsSoutheast

Alliance Residential Opens Cielo View in St. Cloud, Florida

by Lynn Peisner

ST. CLOUD, FLA. — Arizona-based Alliance Residential Co. has completed and opened Cielo View, a 311-unit community at 190 Everton Drive in St. Cloud, about 28 miles south of Orlando. Cielo View offers one- and two-bedroom units that feature Samsung stainless steel appliances, granite countertops, white shaker cabinetry with chrome hardware, in-unit washers and dryers and walk-in closets with dedicated linen and storage closets. Amenities include a 24-hour fitness center, a resident lounge with an entertainment kitchen, a mailroom with secure package lockers and a room for overflow packages, a …

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