PENSACOLA, FLA. — McDowell Housing Partners has announced plans for Ekos at Warrington, a $41.9 million affordable housing community in Pensacola. Construction is slated for completion by the third quarter of 2027. The 120 units at Ekos at Warrington will be reserved for tenants earning between 40 and 60 percent of area median income. Fifty percent of the units will be set aside for active-duty military members, veterans and their families. Half of those units, representing 5 percent of the total project, will be reserved for veterans experiencing homelessness. The …
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SAN ANTONIO — Architect BKV Group and developer Weston Urban have completed The Continental Residences in San Antonio. The 16-story building features studio, one- and two-bedroom apartments, including a selection of two-story townhomes. A sixth-floor amenity suite is home to a clubroom, coworking space, an indoor-outdoor fitness center and an outdoor pool deck with lounge areas as well as an outdoor kitchen. A lounge is located on the 16th floor with views of San Antonio. The 290-unit high-rise is adjacent to The Continental Hotel, a structure built in 1896, approximately, …
SAN MARCOS, TEXAS — Woodfield Development has completed initial units, and residents have begun moving into, Strait & Nelson, a 360-unit community in San Marcos. Construction is slated to be fully complete by this summer. The project team included architect Dwell Design Studio, ChalkLine General Contractor and Thrive Interior Design. Strait & Nelson consists of one-, two- and three-bedroom units and a clubroom with an entertainment kitchen and beer taps, a coworking lounge with private offices and conference rooms and a resort-style pool complemented by a courtyard and outdoor gathering …
HOUSTON — Mesa West Capital has provided an $81 million loan to Knightvest Capital to refinance Domain Memorial, a 313-unit rental townhome community 17 miles west of Houston in the metro area’s Briar Forest/West Memorial submarket. During its ownership, Dallas-based Knightvest has renovated a majority of Domain Memorial’s units and has completed improvements to the parking lot, clubhouse, pool area, fitness center, lighting and landscaping and also has installed a new electric vehicle charging station. Knightvest will use a portion of the proceeds from the five-year, floating-rate loan to complete …
RICHMOND, VA. — Walker & Dunlop has arranged $132 million in financing for a joint venture’s redevelopment of a former bus station in Richmond. AIP, Pointsfive and Bridge Investment Group will replace the Greyhound terminal at 2910 North Arthur Ashe Blvd. in Richmond’s Scott’s Addition neighborhood with a 550,000-square-foot property comprised of 396 apartment units and approximately 14,000 square feet of retail. The capital stack includes equity and an $85.6 million construction loan provided by Madison Realty Capital. The bus station and service depot was in operation from approximately 1984 …
WASHINGTON, D.C. — Gilbane Development has begun leasing the second of its three-phase redevelopment at 7th Street and Barnaby Road in Southeast Washington, D.C. Phase II of Barnaby & 7th includes 229 units within four new residential buildings: The Stoneview, The Solomon, The Marte and The Lewis. Construction of these buildings is slated for completion by summer 2026. The four communities feature a mix of studio to three-bedroom units serving households earning 50 and 80 percent of the area median income (AMI). Twenty percent of the apartments will be set …
AUSTIN, TEXAS — Housing Trust Group (HTG) has completed and opened Red Oaks, a 70-unit, $26 million affordable housing community in the Anderson Mill neighborhood of Northwest Austin. Apartments at Red Oaks will be reserved for families earning 30, 50 and 60 percent of local area median income, which was $94,000 for an individual and $134,000 for a family of four in 2025, according to HUD. Miami-based HTG partnered with nonprofit group AM Affordable Housing and locally based consulting firm Thoman & Butler on the project. Funding sources for Red …
SUMMERVILLE, S.C. — Woodfield Development and PGIM have begun construction of Nexton Townhomes, a 114-unit build-to-rent community that comprises the second phase of the developers’ Radler project in Summerville. Both communities are located in Downtown Nexton, a 4,500-acre master-planned development located approximately 25 miles northwest of Charleston along the I-26 corridor. Designed for walkability, Nexton includes residential neighborhoods, approximately 100,000 square feet of dining and retail space, commercial and office development and a network of parks and trails. At full buildout, expected to occur approximately within the next five to …
GLENDALE HEIGHTS, ILL. — Eastham Capital has acquired The Flats at Gladstone in Glendale Heights, 30 miles west of Chicago, for $24.1 million. The 169-unit garden-style property was purchased through the Eastham Capital Fund VII with investment partner Bender Cos. The new owners are planning a $2.5 million renovation of the property, which was built in 1977. The building exterior as well as the units will be upgraded during the new owners’ hold period. Additionally, they will build a new clubhouse containing a fitness center, leasing office and maintenance shop. …
BROOKLYN, N.Y. — Affinius Capital has originated a $300 million refinancing loan for 102 Fleet, a 495-unit, 30-story development with 3,700 square feet of ground floor retail space in Brooklyn. The Jay Group is the borrower, using funds to complete construction and lease the property to stabilization. The development site was acquired in 2024. Henry Bodek of Galaxy Capital arranged the financing. The building is comprised of 108 studios, 97 one-bedrooms, 262 two-bedrooms and 28 three-bedrooms. Amenities include a rooftop pool offering skyline views, a gym and spa with steam …