Southeast

Project-Greyhound-Richmond
DevelopmentFinanceNewsSoutheastVirginia

Walker & Dunlop Arranges $132M for Richmond Bus Terminal Redevelopment

by Lynn Peisner

RICHMOND, VA. — Walker & Dunlop has arranged $132 million in financing for a joint venture’s redevelopment of a former bus station in Richmond. AIP, Pointsfive and Bridge Investment Group will replace the Greyhound terminal at 2910 North Arthur Ashe Blvd. in Richmond’s Scott’s Addition neighborhood with a 550,000-square-foot property comprised of 396 apartment units and approximately 14,000 square feet of retail. The capital stack includes equity and an $85.6 million construction loan provided by Madison Realty Capital. The bus station and service depot was in operation from approximately 1984 …

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Trailside-Fort-Myers
DevelopmentFloridaNewsSoutheast

Ryan Cos. Breaks Ground on 350-Unit Project in Fort Myers

by Lynn Peisner

FORT MYERS, FLA. — Ryan Cos. has begun construction of Trailside at Dia Crossing, an eight-building, 350-unit project in Fort Myers. Completion is slated for the first quarter of 2027. The property is situated by a 30-acre nature preserve with a kayak launch to Estero Bay. Amenities include a resort-style pool, 9,500-square-foot clubhouse, fitness center, sauna, cold plunge and yoga deck. Ryan is serving as builder, developer and architect, with its in-house architecture group Ryan A+E Inc. U.S. Bank provided construction financing for the project.

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Tower-on-Piedmont-Atlanta
GeorgiaInvestment SalesNewsSoutheast

TruAmerica Buys Atlanta High-Rise

by Lynn Peisner

ATLANTA — TruAmerica Multifamily has acquired The Tower on Piedmont, a 20-story, 155-unit high-rise community in Atlanta’s Buckhead submarket. The seller and sales price were not disclosed. Los Angeles-based TruAmerica has acquired approximately $250 million in market-rate and affordable housing since the start of 2026. With the new Buckhead addition, the company now owns and manages about 3,000 units in Atlanta. The prior owner invested $3 million in capital improvements to the property’s interiors, and TruAmerica plans to pick up the mantle with additional unit upgrades as well as updates …

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The-Radler-Summerville
DevelopmentNewsSouth CarolinaSoutheast

Woodfield Begins Second Phase at South Carolina’s Downtown Nexton

by Lynn Peisner

SUMMERVILLE, S.C. — Woodfield Development and PGIM have begun construction of Nexton Townhomes, a 114-unit build-to-rent community that comprises the second phase of the developers’ Radler project in Summerville. Both communities are located in Downtown Nexton, a 4,500-acre master-planned development located approximately 25 miles northwest of Charleston along the I-26 corridor. Designed for walkability, Nexton includes residential neighborhoods, approximately 100,000 square feet of dining and retail space, commercial and office development and a network of parks and trails. At full buildout, expected to occur approximately within the next five to …

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Ian-Slavin-Portman
Company NewsFloridaNewsPeople News

Portman Hires Ian Slavin to Lead Florida Development

by Lynn Peisner

BOCA RATON, FLA. — National developer Portman has hired Ian Slavin as vice president of residential development. Slavin, based in Boca Raton, will identify and execute multifamily opportunities in Florida markets and oversee residential development operations and strategy across the state, including a 397-unit project at 2400 East Atlantic Blvd. in Pompano Beach that begins later this year. Before joining Atlanta-based Portman, Slavin most recently served as principal at consulting firm MIVO Development Group. Prior to that, he was development manager at Encore Capital Management.

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Alta-Watkins-Morrisville
DevelopmentNewsNorth CarolinaSoutheast

Wood Partners, PGIM to Break Ground on Research Triangle Project

by Lynn Peisner

MORRISVILLE, N.C. — Wood Partners and PGIM are planning to break ground this spring on Alta Watkins in the northwest Raleigh suburb of Morrisville. Developers estimate the 357-unit community will be complete by late 2028. Alta Watkins will be comprised of one-, two- and three-bedroom units and amenities that include a resort-style pool, three outdoor courtyards, a pet spa, a fitness center and a podcast lounge. The property also will offer rentable offices for remote work, event space and short-term stay units for guests. Alta Watkins represents Wood Partners’ third …

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Grants-Mill-Irondale
AlabamaDevelopmentNewsSoutheast

Alabama Developer-Contractor Team Breaks Ground on The Current at Grants Mill in Metro Birmingham

by Lynn Peisner

IRONDALE, ALA. — Capstone Building Corp. has broken ground on The Current at Grants Mill, a 48-acre community StoneRiver Co. is developing eight miles east of Birmingham, Alabama. The 330-unit property will be comprised of a variety of home types, including garden-style apartments, townhomes and cottages. Floor plans will be available in two- to three-bedroom formats. Some townhomes and cottages will feature fenced-in backyards. A clubhouse with coworking space, two resort-style pools, a fitness center, dog park and game lawn are highlights of the amenity package. Both Capstone and StoneRiver …

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Liva-Travelers-Rest
DevelopmentNewsSouth CarolinaSoutheast

Capstone Building Corp. Breaks Ground on Liva in Travelers Rest, South Carolina

by Lynn Peisner

TRAVELERS REST, S.C. — Capstone Building Corp. has broken ground on the $28.1 million Liva in Travelers Rest. Liva will feature 32 three-bedroom townhomes and five garden-style apartment buildings containing a total of 120 units. Greenville, South Carolina-based Clear Mountain Properties is the developer, and Capstone Building Corp. will serve as the general contractor. S3 Capital provided a construction loan for the project back in February. Amenities include a clubhouse, a pool, a bike-storage barn and public walking trails. Completion is slated for 2027.

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Harbor-Point-Baltimore
GeorgiaInvestment SalesNewsSoutheastVirginia

Harbor Group International Buys 11 Properties from AH Realty Trust for $562M

by Lynn Peisner

NORFOLK, VA. — Harbor Group International (HGI) will acquire 11 properties from AH Realty Trust (NYSE:AHRT) for $562 million. The 11 assets represent the majority of Virginia Beach-based AHRT’s multifamily portfolio. The REIT will retain Smith’s Landing and plans to separately market its remaining two properties, The Everly in Roanoke, Virginia, and Solis in Gainesville, Georgia. HGI has provided a $15 million nonrefundable deposit, and the all-cash transaction is not contingent on financing. The transaction is expected to close by mid-year. AHRT’s long-term goals are to simplify its platform by …

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DevelopmentNewsNorth CarolinaSoutheast

Alliance Residential Buys Land for Metro Charlotte’s Broadstone Bryton

by Lynn Peisner

HUNTERSVILLE, N.C. — Alliance Residential Co. has closed on a 20.4-acre land sale for the development of Broadstone Bryton, a 359-unit community in Huntersville, 12 miles north of Charlotte. The Arizona-based developer estimates the project will be complete by the second quarter of 2028. The Broadstone Bryton site is adjacent to the Bryton Town Center and part of the 450-acre Bryton master-planned community. Broadstone Bryton will feature 10 three story residential buildings and a freestanding clubhouse. Cline Design Associates is the architect. Amenities to support the one-, two- and three-bedroom …

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