JERSEY CITY, N.J. — Arc Building Partners and Claremont Development have completed The St. Lucy’s Complex, a supportive housing project in Jersey City. The campus comprises 60,000 square feet. The St. Lucy’s Complex features 150 beds for individuals who are homeless; 14 residential units for individuals living with HIV/AIDS; five three-bedroom permanent supportive housing units for families; 15 permanent affordable housing studio apartments; a daily drop-in area for nonresidents needing a meal, shower or laundry; and onsite social services programs. The project took approximately two years to construct.
SANDY SPRINGS, GA. — Tishman Speyer has acquired Avia at North Springs, a workforce housing community in the Sandy Springs suburb of Atlanta. Avia at North Springs was constructed in two phases between 1989 and 1996. The property comprises 502 units in studio, one-, two- and three-bedroom layouts. Amenities include a clubhouse, two pools, tennis courts and a children’s playground. Avia at North Springs also features a series of wooded walking trails throughout the 18.6-acre property and a boardwalk overlooking a nature preserve. Tishman Speyer purchased the asset, which will …
PFLUGERVILLE, TEXAS — A joint venture consisting of High Street Residential (the residential subsidiary of Trammell Crow Company) and CBRE Investment Management has broken ground on The Merle on Howard in the Austin suburb of Pflugerville. Meeks Partners is the project architect. Provident General Contractors is the general contractor. The project will be built in three phases on a 60-acre site. The first phase spans 17 acres and will comprise 444 apartments across 15 garden-style buildings. Amenities will include a 11,000-square-foot clubhouse with co-working space, fitness center, golf simulator, EV …
CHESHIRE, CONN. — Blue Vista Capital Management has acquired a 300-unit asset in Cheshire for an undisclosed price. The acquisition was made in partnership with Eastpointe LLC. The project will be comprised of nine garden-style apartment buildings. Units will come in studio, one-, two- and three-bedroom floor plans. Amenities will include a 7,500-square-foot clubhouse with a fitness center, seasonal pool, co-working spaces, an outdoor dog park and a guest suite. The development is part of Stone Bridge Crossing, a master-planned project that will include townhomes, a retail center, senior housing, restaurants, a …
PLANO, TEXAS — Rosewood Property Co. has begun leasing The Ludlow, a 326-unit property in Plano. The community is located within the 156-acre mixed-use Heritage Creekside development, which was also developed by Rosewood Property Co. features amenities including a clubroom, co-working space, fitness center, golf simulator and pool area. Units come in one-, two- and three-bedroom floor plans. Veritex Bank provided a construction loan for The Ludlow. Hensley, Lamkin, Rachel Inc. designed the project. LandDesign serves as the landscape design architect, B2 Architecture + Design is the interior designer, and …
POWAY, CALIF. — UC Funds has provided a $60 million loan to develop a 72-unit community in the San Diego suburb of Poway. The property will also include 20,000 square feet of retail space. According to UC Funds, the project will serve as a focal point for the redevelopment of Poway’s downtown area. The city includes a 900-acre business park with over 500 businesses, including General Atomic Aeronautical, Sysco and GEICO.
NEW YORK CITY — Ariel Property Advisors has negotiated the $4.9 million sale of a development site in New York City. Daniel Mahfar, Victor Sozio and Jason Gold brokered the deal. The property is located in the Mott Haven neighborhood of the Bronx and comprises two contiguous lots in a Qualified Opportunity Zone that were recently rezoned to support affordable housing usage. According to Ariel Property Advisors, the site can support 77,750 buildable square feet. The buyer and seller were not disclosed.
TAMPA, FLA. — Institutional Property Advisors (IPA) has arranged the sale of Captiva Club, a garden-style property located along Memorial Highway in Tampa. Eagle Property Capital sold the asset to Sinatra & Co. Real Estate for an undisclosed price. IPA’s Shelton Granade, Sean Williams, Luke Wickham and Justin Basquill represented the seller and procured the buyer. Captive club comprises 361 apartments on a 20-acre site. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, a clubhouse, pet parks and courtyards.
TUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Juniper Canyon in Tucson. Clint Wadlund, Hamid Panahi, Art Wadlund, Steve Gebing and Cliff David represented the seller and procured the buyer. Juniper Canyon comprises 140 units and, according to Apartments.com, was built in 1985. The community offers amenities such as a clubhouse, fitness center, volleyball court, pool and picnic area. According to IPA, Juniper Canyon has seen a 97 percent average physical occupancy over the past 12 months.
SAN ANTONIO, TEXAS — The Milestone Group has acquired Archer Stone Canyon Apartments in San Antonio. The company purchased the asset through the assumption of the existing Freddie Mac loan. The purchase price was not disclosed. Archer Stone Apartments comprises 228 units featuring washers and dryers, detached garages, computer nooks, wood-style flooring and patios or balconies in certain units. Amenities include a pool, fitness center, clubhouse and playground.