Southeast

Thompson Thrift to Develop 257-Unit The Concord in Sarasota, Florida

by Channing Hamilton July 5, 2023

SARASOTA, FLA. — Thompson Thrift will develop The Concord, a 257-unit community in Sarasota. Construction is set to begin in July, with the first move-ins scheduled for the fall of 2024. The 8.5-acre property will offer one-, two- and three-bedroom apartments in four-story buildings. Units will feature quartz countertops, hardwood-style flooring, stainless steel appliances, patio and balcony options, detached garages and a washer and dryer. Amenities will include a fitness center, pool, sky deck, grilling areas, co-working spaces, a dog run and a pet spa.

July 5, 2023

Development News Southeast Virginia

Fairfield Completes The Belhaven Apartments in Alexandria, Virginia

by Channing Hamilton July 5, 2023

ALEXANDRIA, VA. — Fairfield Residential has completed the development of The Belhaven Apartments, a 349-unit community in Alexandria. Located at 6375 Richmond Hwy. adjacent to Kings Crossing shopping center, The Belhaven Apartments features studio, one- and two-bedroom floor plans. Of the total 349 units, 42 are designated as affordable. Details regarding income restrictions were not disclosed. Amenities include a fitness center, a pool with a spa, EV chargers and a pet spa.

July 5, 2023

Florida Investment Sales News Southeast

Waterton Acquires 321-Unit One Plantation Apartments in Plantation, Florida

by Channing Hamilton June 30, 2023

PLANTATION, FLA. — Waterton has acquired One Plantation, a 321-unit apartment community in the western Fort Lauderdale, Florida suburb of Plantation. Newmark’s South Florida team brokered the transaction. One Plantation was built in 2013 as part of the 860-acre Plantation Midtown master plan. The community rises 12 stories and offers one-, two- and three-bedroom floor plans. Amenities include a business center with private work rooms, a movie theater, resident lounges, a dog park, catering kitchen and a fitness center with a cycle studio. Waterton plans to renovate the clubhouse to …

June 30, 2023

Development Georgia News Southeast

Jamestown Begins Pre-Leasing for 162-Unit Signal House in Atlanta’s Ponce City Market

by Channing Hamilton June 30, 2023

ATLANTA — Jamestown has begun pre-leasing for Signal House, a new 162-unit building in Atlanta’s Ponce City Market. Previously a Sears catalogue facility, Ponce City Market opened its doors in 2015 and currently houses 90 businesses. The project’s next phase will add 700,000 square feet of residential and retail space. Signal House rises 21 stories and will feature one-, two- and three-bedroom floor plans, as well as 3,300 square feet of retail space. Amenities include a pool with a terrace and lounge, a clubhouse with a dining room, a fitness …

June 30, 2023

Georgia News People News Southeast

BWE Adds Three Vice Presidents to Atlanta Office

by Channing Hamilton June 30, 2023

ATLANTA — BWE, a national commercial and multifamily banking company, has expanded its Atlanta office with the addition of Alan Tapie, Thomas Wiedeman and Brad Walker. Tapie will serve as Executive Vice President. Prior to joining BWE, he served as Office Manager and Senior Vice President in Grandbridge Real Estate Capital’s Atlanta office. He earned his bachelor’s degree in business administration from the University of Georgia and is a CCIM Designee. Wiedeman will serve as a Senior Vice President. Before joining BWE, Wiedeman was a Vice President at Grandbridge Real …

June 30, 2023

Affordable Housing Investment Sales News Southeast Tennessee

Blue Vista Capital Partners Acquires Stoneybrook Heights Apartments in Johnson City, Tennessee

by Channing Hamilton June 29, 2023

JOHNSON CITY, TENN. — Blue Vista Capital Partners has acquired Stoneybrook Heights Apartments, an apartment complex in the eastern Tennessee city of Johnson City. Stoneybrook Heights was built in 1998 through the LIHTC program and will become a fully market-rate property in the second half of 2024. Currently, 45 percent of units are market rate. Rent restrictions for the property were not disclosed. The community comprises 88 units across 11 two-story buildings, as well as a single-story leasing office. Units come in two-, three- and four-bedroom layouts.

June 29, 2023

Development News North Carolina Southeast

Greystar Breaks Ground on Laurent in Charlotte, North Carolina

by Channing Hamilton June 28, 2023

CHARLOTTE, N.C. — Greystar has broken ground on Laurent, a community located within the Rea Farms suburban center in Charlotte. Rea Farms features over 250,000 square feet of retail space. Laurent will bring 305 rental units to the center, including studio, one-, two- and three-bedroom apartments, as well as townhome-style units. The parcel was initially zoned for office space. Greystar, in cooperation with Lincoln Harris, rezoned the site to include apartments. Laurent is slated for completion in early 2025, with pre-leasing to begin in the second half of 2024.

June 28, 2023

Development Florida News Southeast

Archway Partners to Develop Affordable Community in Tampa, Florida

by Channing Hamilton June 27, 2023

TAMPA, FLA. — Archway Partners is developing Casa Bel-Mar, an affordable housing development in Tampa. FK Architecture designed the exterior and interior of the property. Casa Bel-Mar comprises 100 one- and two-bedroom units, which were subsidized for low-income residents earning between 30 to 80 percent of the area’s median income. Amenities include a community center, tech lab and fitness center. Archway Partners broke ground on Casa Bel-Mar in June. The wait list opened in the summer of 2022, and the community has since received approximately 18,000 applications.

June 27, 2023

Development News North Carolina Southeast

Alliance Residential Opens Prose New Hope in Raleigh, North Carolina

by Channing Hamilton June 27, 2023

RALEIGH, N.C. — Alliance Residential Co. has opened Prose New Hope, a 344-unit community in northeast Raleigh. Prose New Hope offers one- and two-bedroom units with features such as granite countertops, stainless steel appliances, chrome plumbing fixtures and plank flooring. Amenities include a clubroom with an entertainment kitchen, pool with two outdoor grill stations, business center, fitness center and package lockers. The design team for the project includes architect Cline Design Associates and engineer McAdams, both locally based.

June 27, 2023

Florida Investment Sales News Southeast

First National Realty Partners Acquires Champion Townhomes in Davenport, Florida

by Channing Hamilton June 27, 2023

DAVENPORT, FLA. — First National Realty Partners has acquired Champion Townhomes, a 132-unit townhome-style community in Davenport. Davenport is a city in central Florida, approximately 40 miles from Orlando and 16 miles from Winter Haven, Florida. The deal was co-sponsored by Southport Financial. Champion Townhomes offers two- and three-bedroom floor plans and community amenities such as a pool, dog park, in-unit washers and dryers and personal garage spaces. Each unit will feature granite countertops, wood and tile flooring, double sink vanities, and energy-saving double-pane windows.

June 27, 2023

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