Southeast

Metro-Parc-Hialeah

HIALEAH, FLA. — Baron Property Group (BPG) has closed on a $226.5 million refinancing for Metro Parc, a 559-unit development in Hialeah that is now 50 percent leased. The financing replaces the project’s construction loan and serves as a bridge to permanent financing. The lenders were Madison Realty Capital and Yellowstone Real Estate. HKS Real Estate Advisors and DIA Capital Group advised BPG. Ben Suky of Bensco arranged the financing. Designed by Modis Architects, Metro Parc is the first phase of BPG’s 2.3-million-square-foot mixed-use development in Hialeah. The property is …

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Verona-Fairburn

FAIRBURN, GA. — Vida Cos., an Atlanta-based multifamily, mixed-use and build-to-rent developer, has broken ground on Verona, a 280-unit community in Fairburn, approximately 20 miles southwest of Atlanta. Verona will consist of four-story garden-style buildings containing one-, two- and three-bedroom units, all with balconies. Amenities include a courtyard with a saltwater pool and grilling stations, a fitness center, clubhouse, coworking lounge, indoor mail kiosks, a dog park and private and public green spaces. The project also includes a 1,500-square-foot retail space for a coffee shop that will be open to …

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Wyndchase-Aspen-Grove-Franklin

FRANKLIN, TENN. — Waterton, a Chicago-based real estate investor and operator, has acquired Wyndchase Aspen Grove in Franklin. The Nashville Business Journal reports the sales prices was approximately $128 million and the seller was an affiliate of Boston-based Berkshire Residential Investments. The 560-unit garden-style property was built in 1997 and offers one-, two- and three-bedroom units complemented by a game room, fitness center, dog park, two resort-style pools, an outdoor fireplace and an outdoor kitchen and grilling stations. Waterton is planning to update residences with the addition of quartz countertops, …

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Colina-Hillside-Birmingham

BIRMINGHAM, ALA. — Dobbins Group along with general contractor Capstone Building Corp., both locally based, have completed construction of Colina Hillside in Birmingham. The 475-unit property was designed by Williams Blackstock Architects and features two saltwater pools with cabanas and outdoor entertainment areas, pet spa and parks, a clubhouse, coworking areas, a firepit, electric vehicle charging stations, a market, garages, storage spaces and a walking path. Floor plans include one-, two- and three-bedrooms set within four- and five-story buildings.

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Grove-at-Cheney

NEW YORK CITY — Eastman Residential and Triangle Capital Group have acquired a three-property portfolio of former student housing communities that will be converted to conventional multifamily assets. JLL arranged a $39.4 million three-year, floating rate acquisition loan. The portfolio consists of Grove at Cheney (192 units) in Cheney, Washington, Arch at Troy (192 units) in Troy, Alabama, and CB at Radford (222 units) in Radford, Virginia. Each property was originally developed as off-campus student housing but has underperformed because of distance from their respective university campuses relative to competing …

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Bend-on-Bluebonnet-Baton-Rouge

BATON ROUGE, LA. — JLL Capital Markets has arranged a $42.8 million loan to refinance Bend on Bluebonnet, a 301-unit luxury community at 10231 Bluebonnet Blvd. in Baton Rouge. TWG Development and Mandrake Capital Partners are the owners/borrowers. The lender was Balbec Capital. Bend on Bluebonnet was completed in 2023 on a 13-acre site and is comprised of one-, two- and three-bedroom units as well as a pool, 24-hour fitness center, coworking lounge, coffee bar, pet park with washing stations, grills and a firepit. Michael Zaremski and Clayton Ross headed …

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Ekos-at-Rockledge-Park-Rockledge

ROCKLEDGE, FLA. — McDowell Housing Partners (MHP) has begun construction of Ekos at Rockledge Park, a $38.2 million, 100-unit affordable housing community in Rockledge. The property’s one-, two- and three-bedroom units will be reserved for households earning up to 30, 60 and 70 percent of area median income. The LIHTC project will be built to National Green Building Standards. Units will be equipped with Energy Star-rated appliances, low-flow plumbing fixtures, LED lighting and other energy-efficient features. Amenities feature a clubhouse, fitness center, business center with computer stations, package lockers, community …

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Opportunity-Village-West-Louisville

LOUISVILLE, KY. — Woda Cooper Cos. along with Goodwill Kentucky have begun development of Opportunity Village, a four-story, 76-unit affordable housing community on the Norton Healthcare Goodwill Opportunity Campus in West Louisville. The 20-acre campus is home to Norton West Louisville Hospital and Goodwill’s West Louisville Opportunity Center, where residents can find assistance securing work, locating housing, accessing legal resources and more. The $19.7 million Opportunity Village will include one- and two-bedroom apartments rented monthly for approximately $695 to $1,295, based on the rent restrictions of 50 and 80 percent …

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Tides-at-Palm-Bay-Florida

PALM BAY, FLA. — Woodfield Development has completed and opened Tides at Palm Bay, a $100 million, 318-unit, mixed-use property in Palm Bay on Florida’s Space Coast. The community features 318 luxury apartments alongside 19,000 square feet of commercial space. The development includes studio, one-, two- and three-bedroom units, with asking rents ranging from $1,600 to $4,200 per month. Amenity highlights include a lounge with gaming areas, fitness center, resort-style pool, outdoor kitchen and grills, fire pit, dog park and a courtyard with central green space. The project team included …

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Meadow-Creek-Concord

CONCORD, N.C. — Berkadia has arranged the sale of two properties in Concord, Meadow Creek Townhomes and Northway at Cabarrus. Thomas Colaiezzi, Caleb Troop, Matt Robertson and Drew Kwiatkowski of Berkadia Charlotte represented the buyer, Virginia-based RockBridge Investment Group, in its acquisition of Meadow Creek Townhomes from California-based Serra Vista Partners. The Berkadia team also represented the seller, Charlotte-based Wickenden Partners, in the sale of Northway at Cabarrus to RockBridge Investment Group. Both transactions were completed off-market. Neither sales price was not disclosed. Located at 609 Easy St. and built in 1997, Meadow …

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