ORLANDO, FLA. — Wood Partners has begun construction of The Edgewater, a 328-unit community in Orlando. Fifty-six of the units will directly overlook Lake Fairview. The asset is part of Wood Partners’ attainable housing initiative. According to the company, cost savings achieved by selecting suburban sites rather than urban locations and producing an efficient design allow for a lower price point for renters. The Edgewater will feature a mix of one-, two- and three-bedroom units. The Atlanta-based developer did not disclose the project team, construction timeline or rental rates.
Southeast
LAKE WORTH, FLA. — Berkadia has arranged a $57 million loan on behalf of Midtown Capital Partners. The pre-TCO (temporary certificate of occupancy) loan was funded by Infinity Collective and will be used to refinance the existing construction loan on Astor Sound at Lake Worth. The 230-unit community, which is nearing completion, will consist of four residential buildings and a clubhouse on a 6.5-acre site next to a canal. Amenities include a resort-style pool and pavilion with an outdoor kitchen, a fitness center, a dog park and spa, coworking space, …
POOLER, GA. — 360 Communities, an affiliate of Freehold Capital Management and Rockpoint, has secured a $38.7 million construction loan to develop Clear Lake Reserve, a rental townhome community in Pooler, 10 miles west of Savannah. JLL arranged the floating-rate, three-year loan through Western Alliance Bank. The 199-unit community will include three- and four-bedroom floor plans, each with an attached, two-car garage, private driveway and covered porch. Amenities will include a resort-style pool, a fitness center, basketball and pickleball courts, a clubroom, a brick fire pit, a dock overlooking a …
DAVIE, FLA. — El-Ad National Properties has secured an $85 million construction loan for The District in Davie, a $1 billion, 2.8-million-square-foot mixed-use development currently under construction in Davie. According to the developer, the financing, provided by Valley National Bank, will enable vertical construction to continue. The project will feature five residential towers ranging from 21 to 24 stories containing approximately 1,292 rental residences, 36,000 square feet of restaurant and retail space and 1.1 million square feet of access-controlled parking with 2,650 spaces. Each tower will offer studios and one-, …
CARROLLTON, GA. — R.H. Ledbetter Properties, a development, investment and property-management firm based in Rome, Georgia, has secured $15 million in equity to put toward its $49 million project in Carrollton. The equity was provided by American South Capital Partners (ASCP), a joint venture between Los Angeles-based impact fund manager SDS Capital Group and Vintage Realty Co., a Shreveport, Louisiana-based property developer and manager. While the property, Carrollton Flats, is not being developed with traditional tax credits, it is billed as offering “attainable” rents. ASCP’s fund has, to date, committed …
TAMPA, FLA. — Alliance Residential Co. has completed development of Broadstone Marina Bay, a 325-unit community in Tampa’s Westshore Marina district with waterfront views. The community is anchored by a waterfront clubhouse whose standout amenity is a fully equipped multimedia production space with professional recording gear, Blackmagic-brand cinema cameras, editing suites and industry-grade instruments, designed for resident music, video and podcast production. The club also is home to a bayfront saltwater pool with cabanas, a rooftop lounge, a waterfront putting green, a dog park, yoga and bocce ball lawns, a …
NORTH PORT, FLA. — McDowell Housing Partners has begun construction of the second phase of Ekos at Arbor Park, an affordable housing community in North Port, about midway between Sarasota and Fort Myers. Phase I was reserved for seniors, while the second phase, which will include 66 units, will be reserved for families earning at or below 70 percent of the area median income. Completion is slated for the fourth quarter of 2026. Phase I was completed in May of this year. Ekos at Arbor Park Phase II will include …
SAN DIEGO — Sunroad Enterprises has sold a 15-property portfolio to Fairfield for $1.1 billion. Both firms are based in San Diego. The portfolio includes properties in six states: six in Arizona, one in Nevada, three in Colorado, two in North Carolina, two in South Carolina and one in Georgia. The deal took six years to put together. JLL, representing Sunroad, arranged the sale as well as a $415 million Freddie Mac loan for 10 of the assets and an additional $250 million in fixed-rate senior debt provided by KKR. …
CHARLESTON, S.C. — Middlestreet Partners and Singerman Real Estate are developing Atlantic St. Thomas, a 71-unit, build-to-rent project in Daniel Island, a planned community and neighborhood located in Charleston. Middlestreet is a Charleston-based multifamily investment and development company, and Singerman is a Chicago-based real estate investment firm. Construction will begin in early 2026. First move-ins are expected by spring 2027. Middle Street Construction will serve as the development’s general contractor. Other partners include Sitecast as civil engineer, Cissell Design Studio as conceptual designer and land planner, Studioforme as landscape architect …
ATLANTA — RangeWater Real Estate along with equity partner ParkProperty Capital have sold The Vivian in Atlanta to JW Capital Corp for an undisclosed amount. Cushman & Wakefield’s Robert Stickel and Alex Brown arranged the transaction. The 325-unit asset is located along the Beltline — a 22-mile loop of trails built on former rail corridors — in Capitol View, a neighborhood in southwest Atlanta. It opened in 2023 and includes amenities such as a pool, dog park and an on-site coffee shop, Black Coffee Westside. The Vivian was RangeWater’s sixth …