Southeast

Upland-Park-Miami
DevelopmentFinanceFloridaNewsSoutheast

Terra Obtains $245M in Permanent Financing for First Phase of Miami’s Upland Park Project

by Lynn Peisner

MIAMI — Locally based development firm Terra has secured $245 million in takeout financing following the completion and stabilization of Phase I of Upland Park, a $1 billion, 47-acre mixed-use development in Miami. Slate Property Group was the lender. Designed by PPK Architects, in collaboration with master plan architect Arquitectonica and urban planners Plusurbia Design, Upland Park will be built in multiple phases. Future phases will include additional mid-rise and garden-style apartments, retail and commercial space. Construction of the project’s second residential phase, which will add another 484 apartments, is …

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Portofino-Place-Apartments-WPB
FloridaInvestment SalesNewsSoutheast

Fairfield Acquires 812-Unit Portofino in West Palm for $208M

by Lynn Peisner

WEST PALM BEACH, FLA. — San Diego-based Fairfield Residential has acquired the 812-unit Portofino Place in West Palm Beach. The asset sold for $208 million, and the seller was Atlanta-based Cortland Partners, according to the South Florida Business Journal. Located at 4400 and 4600 Portofino Way, the property is comprised of one-, two- and three-bedroom apartments as well as two-story lofts and four resort-style pools. Additional amenities include a 24-hour fitness center, yoga studio, pickleball and tennis courts, indoor basketball court, coworking space, dog park, guest suite accommodations and multiple social …

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Meadow-Glen-Village-Fairburn
DevelopmentGeorgiaLeasing & MarketingNewsSoutheast

Portman Completes, Begins Leasing Meadow Glen Village in Metro Atlanta

by Lynn Peisner

FAIRBURN, GA. — Portman has completed and opened Meadow Glen Village, a 332-unit development in the Atlanta suburb of Fairburn. The community is comprised of one- and two-bedroom units across nine residential buildings. Apartments feature stainless steel appliances, luxury vinyl plank flooring, walk-in closets and private balconies. The project also includes a central town green and 12,200 square feet of retail. Meadow Glen Village features a resort-style pool with grilling areas, a dog park and green spaces. Summit Contracting Group was the general contractor.

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Woodfield-Brookhaven
DevelopmentGeorgiaNewsSoutheast

Woodfield Plans 320-Unit Community Within Atlanta Redevelopment Project

by Lynn Peisner

BROOKHAVEN, GA. — Woodfield Development has unveiled plans for a 320-unit community within Ashford Green, a mixed-used office campus in the inner Atlanta suburb of Brookhaven. In the second quarter of 2027, Woodfield plans to acquire the five acres needed for the new project from Vela Cos., the owner of the larger 14-acre Ashford Green site. Construction is slated to begin shortly after the transaction and rezoning are completed. The development team currently includes Dwell Design Studio as the architect, PEC as the civil engineer and Spacecraft as the landscape …

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Southwick-Commons-Apopka
Affordable HousingDevelopmentFloridaNewsSoutheast

Wendover Housing Partners Opens Affordable Housing Development in Metro Orlando

by Lynn Peisner

APOPKA, FLA. — Wendover Housing Partners has opened Southwick Commons, a 192-unit affordable housing community at 520 Brighton Ave. in Apopka, a northwest suburb of Orlando. Monthly asking rents at Southwick Commons start at approximately $1,103 for one-bedrooms, $1,440 for two-bedrooms and $1,647 for three-bedroom units. Amenities include a pool, activity room, business center, playground, community garden and a picnic pavilion and grills. Southwick Commons was designed by Slocum Platts Architects, and VCC was the general contractor.

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Milo-Raleigh
Investment SalesNewsNorth CarolinaSoutheast

Greystar Sells 252-Unit Milo in Raleigh, North Carolina

by Lynn Peisner

RALEIGH, N.C. — Greystar has sold Milo, a 252-unit property at 821 Hanbury Way in West Raleigh to an LLC for an undisclosed sum. John Mikels, John Gavigan, Chase Monroe, William Martin and Mccullough Campbell headed up the JLL team that represented Greystar, the original developer, in the deal. Completed in 2024, Milo consists of eight three-story residential buildings and a leasing and clubhouse building. Units are available in one-, two- and three-bedroom floor plans along with a pool, poolside cabanas, yoga lawn, coworking space, fitness center, cardio and cycle …

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Attain-at-Swift-Creek-Chester
DevelopmentNewsSoutheastVirginia

Bonaventure Breaks Ground on $93.3M Attain at Swift Creek in Virginia

by Lynn Peisner

CHESTER, VA. — Bonaventure has broken ground on Attain at Swift Creek, a 344-unit community in Chester, about 19 miles south of Richmond. Walker & Dunlop arranged a $93.3 million HUD loan that includes both construction and permanent debt. KBS is the general contractor, RBA is the architect, and Timmons Group is the civil engineer. A property management partner will be announced ahead of lease-up. Attain at Swift Creek will include one-, two- and three-bedroom units. Completion is slated for 2028. Alexandria, Virginia-based investment firm Bonaventure’s Attain pipeline is concentrated …

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Village-of-Estero-Florida
DevelopmentFloridaNewsSoutheast

FRP, Woodfield Start Construction of Mixed-Use Village of Estero

by Lynn Peisner

ESTERO, FLA. — FRP Development Corp. and Woodfield Development have begun construction of a multi-phase project in Estero, about 20 miles south of Fort Myers, Florida. Santander Bank provided an $81 million construction loan for the first phase of development, which will include 286 apartments and 30,000 square feet of retail space. Completion is slated for 2027. Brooks & Freund is the general contractor, and ID & Design International is leading interior design. Dover, Kohl & Partners served as master planner for the overall mixed-use development, while Humphreys & Partners …

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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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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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