Southeast

Riverside, Woodfield Top Out 42-Story High-Rise Project in Charlotte, North Carolina

by Channing Hamilton February 13, 2025

CHARLOTTE, N.C. — Riverside Investment & Development and Woodfield Development have topped out a 42-story high-rise community in Charlotte. Goettsch Partners designed the building, which consists of 409 units. Clark Construction Group is the general contractor. The tower is the multifamily component of the Queensbridge Collective mixed-use project. The development also features a 35-story office tower, roughly 30,000 square feet of retail space and 90,000 square feet of amenity space, including more than two acres of indoor and outdoor fitness, recreation and entertainment spaces. The apartment community will also include …

February 13, 2025

Affordable Housing Development Florida News Southeast

Housing Trust Group Breaks Ground on $185 Million Mixed-Use Project in Miami

by Channing Hamilton February 12, 2025

MIAMI — Housing Trust Group (HTG) has broken ground on Rainbow Village, a $185 million mixed-use development with 310 affordable housing units in Miami. Spanning 698,000 total square feet, Rainbow Village will also offer about 12,000 square feet of retail space, 50,000 square feet of amenity space and 442 parking spaces. Located at 2000 NW 3rd Ave., Rainbow Village will offer 30 studios, 163 one-bedroom units, 85 two-bedroom residences, 28 three-bedroom units, and 4 four-bedroom apartments. The community will be reserved for households earning at or below 30, 50, 60, 70 …

February 12, 2025

Development Finance News North Carolina Southeast

Turnbridge Equities Receives $51.2 Million Construction Loan for Build-to-Rent Project Near Raleigh, North Carolina

by Channing Hamilton February 11, 2025

KNIGHTDALE, N.C. — Turnbridge Equities has received a $51.2 million construction loan for Mailman Post, a 302-unit build-to-rent (BTR) development in Knightdale, about 12 miles east of Raleigh, North Carolina. Paul Spellman, Chris Peck and Ward Smith of JLL Capital Markets arranged the non-recourse loan through a regional bank. Mailman Post is located on 74 acres at 409 and 438 Mailman Rd. The community will feature a mix of two- through five-bedroom units with an average size of approximately 1,650 square feet. Each unit will include a backyard, garage and …

February 11, 2025

Investment Sales News Southeast Tennessee

IPA Arranges $52 Million Sale of Stonehenge Near Nashville, Tennessee

by Channing Hamilton February 10, 2025

LEBANON, TENN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Stonehenge, a 228-unit community in Lebanon, about 20 miles east of Nashville. The asset traded hands for $52 million. The buyer and seller were not disclosed. Built on a 13-acre site in 2023, Stonehenge offers units ranging from one- to three-bedrooms. Amenities include a saltwater pool, clubhouse, fitness center and entertainment lounge. David Stollenwerk, Will Balthrope and Drew Garza of IPA represented the seller and procured the buyer in the transaction. Additionally, …

February 10, 2025

Society Nashville in Nashville, Tennessee

Development Finance News Southeast Tennessee

Joint Venture Tops Out $197 Million Development in Nashville, Tennessee

by Channing Hamilton February 7, 2025

NASHVILLE, TENN. — A joint venture consisting of PMG, New Valley Realty and RMWC has topped out Society Nashville, 16-story mixed-use development located at 915 Division St. in The Gulch neighborhood of Nashville. Society Nashville will feature 502 apartment units, as well as 8,400 square feet of retail space and 485 parking spaces. The first move-ins at Society Nashville are expected by the end of the year. The developers have received a total of $197 million in financing for the project, including a $162 million construction loan from Square Mile …

February 7, 2025

Development Florida News Southeast

Altman Living Completes 230-Unit Altis Grand Lake Willis in Orlando, Florida

by Channing Hamilton February 6, 2025

ORLANDO, FLA. — Altman Living has opened Phase II of Altis Grand Lake Willis, a 230-unit community located at 6260 Juniper Pine Way in Orlando’s O-Town West neighborhood. The second phase is situated adjacent to Phase I of the community, which opened in 2023. The garden-style property offers one-, two- and three-bedroom apartments ranging from 707 to 1,248 square feet. Community amenities include a resident and business lounge, pool, pet park, cyber café, steam rooms, movie theater, virtual gaming space, private sports simulator and outdoor entertainment zone with a fireplace, …

February 6, 2025

425 Montgomery Street in Alexandria, Virginia

Development Finance News Southeast Virginia

Partnership Receives Construction Loan for $131 Million Project Near Washington, D.C.

by Channing Hamilton February 5, 2025

ALEXANDRIA, VA. — Carr Properties has formed an equity joint venture with Barings for the development of 425 Montgomery Street, a $131 million project converting a former office building in Alexandria’s Old Town neighborhood into a rental housing community. The partnership received an $84 million construction loan from investment firm Kennedy Wilson. Cushman & Wakefield served as advisor for both the equity and debt financings. The eight-story, 250,000-square-foot project will offer 237 apartments in studio, one-, two- and three-bedroom floor plans. Planned amenities include an outdoor pool and a resident …

February 5, 2025

Finance Georgia News Southeast

PGIM Provides $82.3 Million Loan for Refinancing of Community in Midtown Atlanta

by Channing Hamilton February 4, 2025

ATLANTA — PGIM Real Estate has provided an $82.3 million, floating-rate loan for the refinancing of Mira at Midtown Union, a 26-story rental tower in the Midtown neighborhood of Atlanta. The borrower was joint venture between MetLife Investment Management and StreetLights Residential. Tom Goodsite of PGIM Real Estate arranged the financing. Delivered in 2022, the property offers 355 units in studio, one-, two- and three-bedroom floor plans. Apartments range from 496 to 1,743 square feet. Community amenities include a pool, resident lounge, sunset deck with fire pits and grills, pet …

February 4, 2025

Development News Southeast Tennessee

Mill Creek Underway on 396-Unit Community in Nashville, Tennessee

by Channing Hamilton February 3, 2025

NASHVILLE, TENN. — Mill Creek Residential is constructing Modera Nations, a 396-unit project in The Nations neighborhood along the Cumberland River in Nashville. Situated at 1650 54th Ave. N, Modera Nations will be located about three miles west of the city’s downtown area. Mill Creek broke ground on the project in December 2023, with the first move-ins slated for fall 2025. Modera Nations will feature studio, one-, two- and three-bedroom apartments. Each unit will include a patio or balcony, as well as technology features such as smart thermostats, key fob …

February 3, 2025

Company News Florida News People News Southeast

Eagle Property Capital Adds Barry Chase as Partner, Managing Principal

by Channing Hamilton January 31, 2025

MIAMI — Barry Chase has joined Eagle Property Capital (EPC), a Miami-based investment manager specializing in workforce housing, as a partner and managing principal. In this role, Chase will be responsible for co-leading EPC’s strategy and execution, as well as enhancing investment policies and procedures and contributing to new product offerings. Prior to joining EPC, Chase was one of the founders and served as the CEO and executive chairman of Belay Investment Group. Additionally, he has held senior executive positions at Koll Development, Cushman Realty Corp. and CT Realty. Since …

January 31, 2025

Newer Posts

Older Posts