Southeast

AlabamaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers Huntsville-Area Sale

by Lynn Peisner

ATHENS, ALA. — Marcus & Millichap has arranged the sale of Creekside Athens, a 98-unit property in Athens, which is located about 28 miles northwest of Huntsville, Alabama. Creekside Athens has 10 acres of additional land zoned for 120 more multifamily units. Marcus & Millichap’s Josh Jacobs and Royce Emerson marketed the property on behalf of the seller, a limited liability company. The buyer and sales price were not disclosed. Constructed in 2021, Creekside Athens has two- and three-bedroom floor plans with sunrooms, walk-in closets, patios and porches. Amenities include …

Continue Reading
0 FacebookTwitterLinkedinEmail
Oxenfree rendering
Build-to-RentCompany NewsDevelopmentMidwestNewsSoutheastTexas

Core Spaces Launches Build-to-Rent Brand, Plans 8,000-Unit Pipeline

by Lynn Peisner

CHICAGO — Core Spaces, a Chicago-based developer that was founded in 2010 and specializes primarily in student housing, is debuting a build-to-rent brand called Oxenfree. The company also operates out of an Austin, Texas, office. The first two projects will be developed in Princeton, Texas, and Nashville, Tennessee, and will be completed by approximately 2024. Oxenfree properties will also be constructed in Denver, Dallas, Austin and San Antonio, Texas, Tampa and Orlando, Florida, Charlotte and Raleigh, North Carolina, and Chicago. The communities will be developed as single-family and townhome-style dwellings. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
NOVEL Morrisville rendering
DevelopmentNewsNorth CarolinaSoutheast

Crescent Communities Breaks Ground on Apartments in Research Triangle Master-Planned Development

by Lynn Peisner

MORRISVILLE, N.C. — Crescent Communities broke ground in April on NOVEL Morrisville, a 336-unit project located in a master-planned development about 15 miles northwest of Raleigh, North Carolina. The site is across the street from Spark Life Science, an under-construction life sciences project, and adjacent to Apple’s upcoming Research Triangle campus. NOVEL Morrisville is slated for a summer 2024 completion. The unit mix includes one-, two- and three-bedroom floor plans. Amenities feature a pool, two-story fitness center, resident club room and arcade, a sports-bar-inspired lounge and coworking spaces. Partners for …

Continue Reading
0 FacebookTwitterLinkedinEmail
A 3D render of 2 Rivers Apartment Homes, a complex in Williamsburg.
DevelopmentNewsSoutheastVirginia

S. L. Nusbaum Realty Co. Begins Construction on 2 Rivers Apartment Homes in Williamsburg

by Channing Hamilton

WILLIAMSBURG, VA. — S. L. Nusbaum Realty Co. has begun construction on 2 Rivers Apartment Homes, an 119-unit affordable community in Williamsburg. The Norfolk, Virginia-based company worked with AGM Financial Services and TowneBank to secure financing. The cost of the project is expected to total approximately $26 million. Harkins Builders is the general contractor. 2 Rivers Apartment Homes will be constructed in two phases. The first phase of the community will comprise 59 units in one-, two- and three-bedroom floorplans. Amenities will include a clubhouse, fitness center, business center with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Aqua Vista in Newport News
Affordable HousingDevelopmentNewsSoutheastVirginia

BLVD Begins $35.8 Million Affordable Housing Renovation in Newport News

by Lynn Peisner

NEWPORT NEWS, VA. — The BLVD Group has acquired and plans to renovate Aqua Vista Apartments in Newport News. The 150-unit community was originally constructed in 1970. The $35.8 million redevelopment will include a gas-to-electric conversion, new roofs, insulation, energy efficient windows and entry doors. Each unit will receive new kitchens, bathrooms, appliances, flooring, paint and LED light fixtures. The owner will expand amenities at the site, adding new barbecues, a playground, a dog park, a business center, a community room and a new leasing office. The redevelopment will preserve …

Continue Reading
0 FacebookTwitterLinkedinEmail
Richmond Hill apartments
DevelopmentNewsSoutheast

Novare Group, BCDC Break Ground on Richmond Hill Luxury Apartment Community

by Lynn Peisner

RICHMOND HILL, GA. — Novare Group and Batson-Cook Development Co. (BCDC), both Atlanta-based development and investment firms, have broken ground on their 37th joint-venture project, a 302-unit community on 26 acres in Richmond Hill, which is approximately 20 miles south of Savannah. The project is the multifamily component of Heartwood at Richmond Hill, a 7,000-acre, master-planned, mixed-use project under development by Raydient. Humphreys & Partners Architects designed the community. Amenities will include a pool with cabanas, an outdoor amenity deck with kitchen space, a fire pit, a fitness center, flexible …

Continue Reading
0 FacebookTwitterLinkedinEmail
A 3D render of District in Davie, a 5-building mixed-use development.
DevelopmentFloridaNewsSoutheast

El-Ad National Properties Plans $1 Billion District in Davie Mixed-Use Project Near Miami

by Channing Hamilton

DAVIE, FLA. — El-Ad National Properties, a subsidiary of Elad Group based in Boca Raton, has released plans for a 2.8 million-square-foot mixed-use project in Davie, 24 miles north of Miami. The town of Davie has approved the development. The project, called The District in Davie, is expected to cost approximately $1 billion, according to El-Ad. At full build-out, the property will comprise 1,256 apartment units across five high-rise buildings, as well as 36,000 square feet of ground-floor restaurant and retail space. Each building will range from 20 to 24 stories and offer …

Continue Reading
0 FacebookTwitterLinkedinEmail
Leena Plantation in Broward County
Company NewsDevelopmentFloridaNewsOperationsSoutheast

Merrimac Selects Altman to Manage $90 Million Broward County Project

by Lynn Peisner

PLANTATION, FLA. — Merrimac Ventures has selected the Altman Management Co. (AMC), a division of The Altman Cos., to manage Leena Plantation in Plantation. The 306-unit property is under development by Fort Lauderdale-based Merrimac and is scheduled to open this summer. Leena Plantation is comprised of one- to three-bedroom units. The $90 million project broke ground in 2021 and consists of two six-story buildings. Amenities include a club room, pool, covered terrace, barbecue grilling stations, two exterior courtyards, a fitness center, a coworking and business center with private offices and …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Brook rendering in Glen Allen, Virginia
DevelopmentNewsSoutheastVirginia

Middleburg Communities, Resmark Secure Land for 310-Unit North Richmond Project

by Lynn Peisner

GLEN ALLEN, VA. — Middleburg Communities has acquired a 13.5-acre land parcel in Glen Allen to develop a 310-unit apartment and townhome project. Glen Allen is about 15 miles north of Richmond, Virginia. Construction on the project, called The Brook, will begin later this month, with a completion-date estimate of late 2024. According to Middleburg, The Brook is one of only a few multifamily projects to be built in the North Richmond area in the past two decades. Middleburg is managing the development, and The Remark Cos. is an investment …

Continue Reading
0 FacebookTwitterLinkedinEmail
Build-to-RentFloridaInvestment SalesNewsSoutheast

Resibuilt Acquires 190-Unit BTR Development Site Near Tampa

by Channing Hamilton

WESLEY CHAPEL, FLA. — Resibuilt has acquired GroveParc Townhomes, a 48-acre development site in the northeast Tampa suburb of Wesley Chapel. Max La Cava, Zach Nolan and Manny de Zarraga of JLL Capital Markets represented the seller, an investment group from south Florida called Blue Pointe Builders. Resibuilt will build a 190-unit BTR community called GroveParc Townhomes, which will offer three- and four-bedroom townhomes with garages. GroveParc Townhomes is expected to be completed in January 2025.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.