Southeast

Lulah-Decatur
DevelopmentGeorgiaNewsSoutheast

Crescent Communities will Be First to Break Ground at 78-Acre Atlanta-Area Mixed-Use Redevelopment  

by Lynn Peisner

DECATUR, GA. — Vertical construction at Lulah Hills, EDENS’ 78-acre redevelopment of the former North Dekalb Mall in metro Atlanta, will begin in December with the construction of NOVEL Lulah Hills. The six-story community will include 303 units in studio, one-, two- and three-bedroom floor plans. The development includes 39,000 square feet of ground-floor retail. Completion is slated for late 2027. Amenities will include a pool with cabanas, a beer and game garden, outdoor dining spaces, flexible space for workshops and events, a craft closet, a stocked dining pantry and …

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Residences-at-Palm-Court-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Related Group, Miami-Dade County Break Ground on Mixed-Income Project

by Lynn Peisner

MIAMI — Related Group and Miami-Dade County have broken ground on The Residences Palm Court, a 316-unit mixed-use, mixed-income LIHTC project at 950 NW 95th St. in Miami. Out of the 316 homes, 191 will be reserved specifically for seniors. Rents are capped at levels varying across the community from 20 to 80 percent of area median income. Completion is slated for late 2027. The project is a redevelopment that will replace two former public housing communities built during the 1970s. According to Related Group, all current on-site senior residents …

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DevelopmentGeorgiaNewsSoutheast

Alliance Residential Buys Land for Broadstone Development in Atlanta Tech Park

by Lynn Peisner

PEACHTREE CORNERS, GA. — Alliance Residential Co. has acquired 10.7 acres of land in Peachtree Corners, a city about 30 miles northeast of downtown Atlanta, for the development of Broadstone Innovation. The 326-unit property site is located within Technology Park Atlanta, a 500-acre district home to several tech firms and startups. Designed by Brock Hudgins Architects and MAD Studios, Broadstone Innovation will offer floor plans ranging from 600-square-foot junior one-bedrooms to 1,100-square-foot two-bedroom units. Amenities will include a resort-style pool, a fitness center, an outdoor kitchen, fire pits and access …

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Julington
FeaturesFloridaMarket ReportsSoutheast

Market Disequilibrium Signals Opportunity in Jacksonville

by Lynn Peisner

By Paul Berry Jacksonville is increasingly recognized as an outstanding place to live, work and build a business. Its multifamily sector, while recently challenged by a wave of new supply, is set for a rebound that will reward patient investors. With peak deliveries now in the rearview mirror, the metro area is well positioned for a strong cyclical upswing, complementing its already robust economic trajectory. Core Drivers: Population Growth, Pro-Business Jacksonville is a legitimate, big-league city. The population of the metro area has reached 1.76 million, growing by about 37,000 …

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CieloView-St-Cloud
DevelopmentFloridaNewsOperationsSoutheast

Alliance Residential Opens Cielo View in St. Cloud, Florida

by Lynn Peisner

ST. CLOUD, FLA. — Arizona-based Alliance Residential Co. has completed and opened Cielo View, a 311-unit community at 190 Everton Drive in St. Cloud, about 28 miles south of Orlando. Cielo View offers one- and two-bedroom units that feature Samsung stainless steel appliances, granite countertops, white shaker cabinetry with chrome hardware, in-unit washers and dryers and walk-in closets with dedicated linen and storage closets. Amenities include a 24-hour fitness center, a resident lounge with an entertainment kitchen, a mailroom with secure package lockers and a room for overflow packages, a …

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AVARA-Miami
DevelopmentFloridaNewsOperationsSoutheast

Mast Capital, Rockpoint Complete AVARA Miami Beach

by Lynn Peisner

MIAMI BEACH — Mast Capital and Rockpoint have opened AVARA, a 178-unit community at 3900 Alton Road in Miami Beach. Monthly asking rents at the eight-story development begin at $3,200 for a junior one-bedroom unit. Floor plans also are offered as two- and three-bedroom configurations as well as penthouses. Arquitectonica was the architect, interior design was provided by CID Design Group, and Within Hults + Partners was the landscape architect. Amenities include a second-floor pool deck overlooking Biscayne Bay that also features an outdoor kitchen with grilling stations. Inside, residents …

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The-Square-Athens
Affordable HousingDevelopmentGeorgiaNewsSoutheast

Public and Private Partners to Build $65 Million Affordable Housing Community in Downtown Athens, Georgia

by Lynn Peisner

ATHENS, GA. — Columbia Residential, in partnership with the Athens Housing Authority and Jonathan Rose Cos., has closed on $65 million in financing for development of The Square at NoDa. The 146-unit affordable housing community represents the second phase of a larger redevelopment of approximately 12 acres in north downtown Athens that was formerly home to the Bethel Midtown Village housing development, which was constructed in the early to mid-1970s and demolished in 2021. Phase I consisted of The View at NoDA, a 120-unit mixed-income community that opened in December …

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Exchange-at-Indian-Trail-NC
FinanceFloridaLouisianaNewsNorth CarolinaSoutheast

Hathaway Secures $153.3 Million ReFi for Three Sun Belt Properties

by Lynn Peisner

ATLANTA — Walker & Dunlop has arranged $153.3 million in loans for Hathaway Development. The Atlanta-based owner/developer will use the proceeds to refinance three garden-style properties: Exchange at Juban in Denham Springs, Louisiana, Exchange at Blair Stone in Tallahassee, Florida, and Exchange at Indian Trail, in Indian Trail, North Carolina. Walker & Dunlop’s Stephen Farnsworth, Hanes Dunn and Robert Henry arranged the floating-rate loans through lender ACRES Capital. The three communities were developed by Hathaway and combined include 876 units. Exchange at Juban, a 264-unit property in Denham Springs was …

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Landmark-Apartments-Chesapeake
Affordable HousingInvestment SalesNewsSoutheastVirginia

Fairstead Acquires, Plans to Renovate Affordable Community in Hampton Roads Region

by Lynn Peisner

CHESAPEAKE, VA. — Fairstead has acquired Landmark Apartments, a 120-unit affordable housing community in Chesapeake, for $34.8 million. The New York City-based affordable housing developer is also planning to redevelop the property. Construction on the renovations is slated to begin in January 2026 and to be complete by mid-2027. All units are reserved for tenants earning no more than 60 percent of the area median income. Located at 2900 Fireside Road, Landmark Apartments consists of 15 two-floor garden-style buildings that offer 72 two-bedroom units and 48 three-bedroom units. Fairstead’s renovation …

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Advenir-at-Lighthouse-Point-Pompano-Beach
FinanceFloridaInvestment SalesNewsSoutheast

JLL Arranges $53.3 million in Acquisition Financing for Pompano Beach Property

by Lynn Peisner

POMPANO BEACH, FLA. — JLL has arranged a $53.3 million Freddie Mac acquisition loan on behalf of Miami-based Advenir Azora, which has acquired Avenir at Lighthouse Point. The property was built in 2015 and consists of a six-story building with one-, two- and three-bedroom units averaging 887 square feet. Amenities include a rooftop lounge with ocean views, a resort-style pool, a 24-hour fitness center and a parking garage. Advenir at Lighthouse Point was 95 percent occupied at the time of sale. The seller was not disclosed. JLL’s Jesse Wright, JJ …

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