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ALORA-Kissimmee
Affordable HousingDevelopmentFloridaNewsSoutheast

The NRP Group Breaks Ground on Florida Affordable Development Alora Lofts

by Lynn Peisner

KISSIMMEE, FLA. — The NRP Group has secured financing and begun construction of Alora Lofts, an 88-unit affordable housing community in Kissimmee, 18 miles south of Orlando. Residences will be rent restricted at 30 and 70 percent of area median income. Floor plans are offered as one- to three-bedroom layouts complemented by amenities that include a fitness center, resort-style pool, multipurpose room, community kitchen, a grill area and a playground. FK Architecture is the project architect. Funding sources include the Florida Housing Finance Corp., which provided tax credits, tax-exempt bonds …

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Pearl-on-the-River-Deerfield-Beach
DevelopmentFloridaNewsSoutheast

Morgan Breaks Ground on Pearl on the River in Deerfield Beach, Florida

by Lynn Peisner

DEERFIELD BEACH, FLA. — Morgan and Compatriot Capital have broken ground on Pearl on the River, a luxury waterfront community at 451 NE River Drive in Deerfield Beach. Situated along the Hillsboro River in The Cove neighborhood, the project will be comprised of 320 studio, one-, two- and three-bedroom units and a resort-style pool, grill area, dog park, dog wash, car wash, bike storage and a fitness center. A resident-only marina with 13 private boat slips will provide direct access to the Hillsboro River. The development team also will build …

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Gateway-Orlando
DevelopmentFloridaNewsSoutheast

JBL, Capstone Building Corp. Break Ground on The Gateway in Orlando

by Lynn Peisner

ORLANDO, FLA. — Capstone Building Corp., a Birmingham, Alabama-based general contractor, has begun building The Gateway in Orlando. Hollywood, Florida-based JBL Development is the developer, and Baker Barrios is the architect. The 417,000-square-foot project will include 270 apartments in one-, two- and three-bedroom floor plans as well as studios and junior one-bedrooms. Units will be equipped with stainless steel appliances, quartz countertops, LED-backlit vanity mirrors and tile showers with glass doors and tile tub surrounds. Amenities consist of a heated saltwater pool with private cabanas, outdoor kitchens and fire pits, …

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Sky-Equities-Fort-Lauderdale
DevelopmentFinanceFloridaNewsSoutheast

Dependable Equities Obtains $54M for Two-Tower Project in Fort Lauderdale

by Lynn Peisner

FORT LAUDERDALE, FLA. — Dependable Equities has obtained a $54 million construction loan from CDK Capital, with Valley National Bank serving as a participating lender, to support the planning and pre-development of two luxury high-rise communities located at 101 SE 7th St. and 633 SE 3rd Ave. in Fort Lauderdale. Dependable Equities is the South Florida division of Sky Equity Group, a New York City-based real estate development firm. Together, the projects encompass approximately 2 million square feet featuring 1,460 condominium and multifamily residences and roughly 14,000 square feet of …

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Enclave-at-Canopy-Park-Orlando
Affordable HousingDevelopmentFloridaNewsSoutheast

Archway, FK Architecture Open The Enclave at Canopy Park in Orlando

by Lynn Peisner

ORLANDO, FLA. — Archway Partners, along with FK Architecture, has completed and opened The Enclave at Canopy Park, a 104-unit affordable housing community at 4440 Canopy Park Loop in Orlando. Construction began in April 2025. The Enclave at Canopy Park offers one- and two-bedroom apartments for households earning no more than 22 or 80 percent of the area median income. Orange County invested $3 million from the Affordable Housing Trust Fund to support the project, helping provide rents as low as $400 per month for qualifying households. Rents will average …

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Exchange-at-Westgate-Leland
Investment SalesNewsNorth CarolinaSoutheast

Hathaway Cos. Sells Exchange at Westgate in Eastern North Carolina for $58.7M

by Lynn Peisner

LELAND, N.C. — Hathaway Cos. has sold Exchange at Westgate in Leland to Argyle Real Estate Capital for $58.7 million. JLL represented Hathaway in the transaction. The 312-unit property is located at 5214 Browning Lane about 9 miles west of Wilmington. Completed in 2023, Exchange at Westgate features studios, one-, two- and three-bedroom units averaging 931 square feet. The community offers a saltwater pool, fitness center, cyber cafe, clubhouse and grilling areas. Unit interiors are outfitted with granite countertops, stainless steel appliances, wood-style flooring and ceramic tile backsplashes. JLL Capital …

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Macedonia-Cary
DevelopmentNewsNorth CarolinaSoutheast

Woodfield Development, Eagle Realty Group Break Ground on 330-Unit Project in Cary, North Carolina

by Lynn Peisner

CARY, N.C. — Woodfield Development and equity partner Eagle Realty Group — a subsidiary of Cincinnati-based Western & Southern Financial Group — have broken ground on a 330-unit community at 2818 Macedonia Road in Cary. The five-story development will feature approximately 13,500 square feet of interior amenity space including a leasing office with a conference room and outdoor patio; a coworking center; a coffee and gaming lounge; a resident clubhouse with a kitchen, game area, maker’s room and library; a two-story fitness center; dog spa; and a sky lounge with …

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Avilla-McDonough
Build-to-RentDevelopmentGeorgiaLeasing & MarketingNewsSoutheast

NexMetro Opens Avilla Holloway in Stockbridge, Georgia

by Lynn Peisner

STOCKBRIDGE, GA. — NexMetro has opened the first units at Avilla Holloway, a 136-unit build-to-rent property on 14 acres in the Atlanta suburb of Stockbridge. The gated neighborhood features single-level, mostly detached homes in one-, two- and three-bedroom floor plans with private entrances, front porches and private backyards. Amenities include a resort-style pool and hot tub, outdoor kitchen and grills, dog park (no breed restrictions), landscaped open spaces, an indoor community meeting space, covered parking, optional garages and a 24-hour maintenance team. A second NexMetro Avilla project in the Atlanta …

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Thomas-Rowe-ECI-Group
Company NewsGeorgiaNewsPeople NewsSoutheast

ECI Group Hires Thomas Rowe as CFO

by Lynn Peisner

ATLANTA — ECI Group, an Atlanta-based development, management and investment firm, has hired Thomas Rowe as chief financial officer (CFO). He replaces Ben Engel, who held the position for the past 10 years. Rowe joins ECI after serving for more than a decade as chief financial officer at SJC Ventures, an Atlanta-based company specializing in the development of Whole Foods Market-anchored projects. At SJC, he directed financial strategies for approximately $1.4 billion in ground-up development spanning about 3.1 million square feet of retail, multifamily and mixed-use developments. Prior to SJC …

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Masons Keepe-Manassas
BerkadiaInvestment SalesNewsSoutheastVirginia

Berkadia Arranges Sale, Financing for Masons Keepe in Manassas, Virginia

by Lynn Peisner

MANASSAS, VA. — Bridge Investment Group has acquired Masons Keepe, a 270-unit property in Manassas for an undisclosed sum. Brian Crivella, Bill Gribbin, Yalda Ghamarian and Jack Canepa of Berkadia D.C. Metro along with Drew White of Berkadia Richmond arranged the sale on behalf of the seller, an entity doing business as University Village Apartments LLC. Located at 9000 Landings Drive, Masons Keepe was built in 2004 and consists of 17 buildings within a gated community. Units are offered as one- and two-bedroom floor plans. Brad Williamson of Berkadia Miami …

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