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Madison-Bradenton
DevelopmentFinanceFloridaNewsSoutheast

Peachtree Group Approved for Immigrant Investor-Funded Bradenton Project

by Lynn Peisner

BRADENTON, FLA. — Peachtree Group has received federal funding approvals for the development of Madison Bradenton, a 240-unit property in Bradenton. The EB-5 Immigrant Investor program, which is funding the development, allows residents of other countries to apply for a permanent U.S. residence (also known as a green card) provided they make commercial investments in the United States. The minimum investment is $800,000, and the project must create or preserve at least 10 full-time jobs. The program is administered by U.S. Citizenship and Immigration Services. Peachtree Group is pairing the …

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The-Lofts-at-Helmetta
FinanceNew JerseyNewsNortheast

Kaplan Cos. Secures $38.4 Million ReFi Loan for New Jersey Adaptive Reuse Project

by Lynn Peisner

HELMETTA, N.J. — Kaplan Cos. has secured a $38.4 million loan to refinance The Lofts at Helmetta, a 200-unit community in Helmetta, located midway between New York and Philadelphia. JLL Capital Markets arranged the five-year, fixed-rate loan funded by Nuveen Capital. The Lofts at Helmetta is an adaptive reuse project. Kaplan Cos. converted a former factory, known as the Helme Snuff Mill Complex, into apartments back in 2017. The Helme Snuff Mill Complex was originally built in 1886 and operated for over a century before ceasing operations in 1993. The …

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Lofts-at-Reynolds-Village
Investment SalesNewsNorth CarolinaSoutheast

Lone Star Funds Sells Asheville Asset to Continental Realty

by Lynn Peisner

ASHEVILLE, N.C. — Lone Star Funds has sold the Lofts at Reynolds Village in Asheville to Continental Realty Corp. Financial terms of the transaction were not disclosed. The 201-unit community includes approximately 63,000 square feet of retail space. The transaction was structured as a sale of REIT stock and represents the first disposition from a 42-asset portfolio acquired by Lone Star in September 2022. Walker & Dunlop served as advisors to Lone Star, a private equity firm that invests globally in real estate and other assets. Continental Realty is a …

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Mill-and-Miss
Affordable HousingDevelopmentMidwestMinnesotaNews

Oppidan Breaks Ground on Workforce Housing in Grand Rapids

by Lynn Peisner

GRAND RAPIDS, MINN. — Oppidan Investment Co., a national property development firm headquartered in Excelsior, Minnesota, has broken ground on Mill + Miss, a new workforce housing project in Grand Rapids, located 178 miles north of Minneapolis. The 121,000-square-foot, 132-unit development is comprised of one-, two- and three-bedroom floor plans. The developer expects to complete the project in March 2027. Oppidan partnered with the City of Grand Rapids, the Grand Rapids Economic Development Authority, Iron Range Resources & Rehabilitation Board and the Minnesota Housing Finance Agency through the state’s Workforce …

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DevelopmentNew JerseyNewsNortheast

Woodmont Properties Breaks Ground on Transit-Oriented Project in Woodbridge, New Jersey

by Lynn Peisner

WOODBRIDGE TOWNSHIP, N.J. — Locally based Woodmont Properties has broken ground on Woodmont Rail at Metropark, a 300-unit, transit-oriented community in Woodbridge Township, located 30 miles south of Manhattan. Completion is expected in 2028. The six-story property will be made up of studios, one-, two- and three-bedroom units that feature Energy Star appliances, quartz countertops and balconies. Woodmont Rail at Metropark will include approximately 23,000 square feet of amenities, including a fitness center, a coworking center with conference rooms, a clubroom, multi-sport simulator, resort-style pool, rooftop bar and lounge, dog …

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The-Reserve-at-Estuary
DevelopmentLeasing & MarketingNew JerseyNewsNortheast

Hartz Mountain Completes Lincoln Harbor Development

by Lynn Peisner

WEEHAWKEN, N.J. — Hartz Mountain Industries has completed development of The Reserve at Estuary, a 218-unit property in Weehawken’s Lincoln Harbor neighborhood. Located at 1525 Harbor Blvd., the seven-story community spans one city block fronting the Hudson River and offers studio to two-bedroom-plus-den layouts, with select homes featuring private balconies, patios or terraces. The architect was New Jersey-based MHS Architecture. The Reserve at Estuary includes about 40,000 square feet of indoor and outdoor amenities that include a resort-style pool and hot tub with a sundeck, a landscaped courtyard featuring lounge …

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Villas-of-Torino
Build-to-RentDevelopmentFloridaNewsSoutheast

13th Floor Completes Two Florida BTR Projects

by Lynn Peisner

PORT ST. LUCIE, FLA. — 13th Floor Homes has completed development of two rental townhome communities in Port St. Lucie, Villas of Torino and Tredici at Central Park. The two projects are within 12 miles of each other. Located at 5600 NW Coventry Circle, Villas of Torino includes 126 townhomes with amenities that include a resort-style pool with cabanas and lake views. Homes range from three- to four-bedroom floor plans. All units feature two-car garages, private driveways and backyards. The community is 75 percent leased. Monthly asking rents range from …

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Botanist
DevelopmentNewsNortheastVirginiaWashington, D.C.

Middleburg, Capital City Close on Financing, Land Sale for D.C.-Area Development

by Lynn Peisner

FAIRFAX, VA. — Middleburg and Capital City Real Estate have secured land and financing for The Botanist, a 260-unit community in the Washington, D.C., suburb of Fairfax. The Botanist will include a single seven-story residential building with 260 units on approximately 3 acres. Floor plans will be available in layouts ranging from one to three bedrooms. Amenities will include a resort-style pool, fitness center, coworking spaces, ground-floor retail and a parking garage. Completion is slated for the third quarter of 2027.

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Walden-Pond-Rendering
Affordable HousingDevelopmentFloridaNewsSoutheast

Alexander Goshen, Avanti Residential to Break Ground on Tampa-Area Workforce Development

by Lynn Peisner

NEW PORT RICHEY, FLA. — Alexander Goshen and Avanti Residential will break ground in the first quarter of 2026 on Walden Pond, a workforce housing development in New Port Richey, about 33 miles north of Tampa, Florida. The $30 million project is situated on about 9 acres on the site of a former mobile home park. Walden Pond will consist of three four-story residential buildings containing 125 units in a mix of studios and one-, two- and three-bedroom floor plans. Amenities include a dog park, pickleball court, children’s playground and …

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247-Hancock
Affordable HousingDevelopmentFinanceNewsNortheast

M&T Provides $44.8 Million in Financing for Boston Mixed-Income Project

by Lynn Peisner

BOSTON — M&T Realty Capital Corp. has provided $44.8 million in funding for a 47-unit mixed-income development in the Dorchester neighborhood of Boston. Arx Urban and Boston Communities are the developers. Thirty-five units are designated affordable, which include 15 units supported by project-based vouchers. Rent restrictions were not disclosed. M&T’s financing package includes a $6.3 million Freddie Mac forward commitment, a $19.2 million construction loan and $19.3 million in tax credit equity. The 247 Hancock development will feature a six-story building with a mix of studios and one-, two- and …

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