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Pratt Landing in New Rochelle
DevelopmentNew YorkNewsNortheast

Twining Properties to Break Ground on 850,000-Square-Foot Mixed-Use Project in New Rochelle, New York

by Channing Hamilton

NEW ROCHELLE, N.Y. — Twining Properties has received site approval for the construction of Pratt Landing, an 850,000-square foot mixed-use development, from the City of New Rochelle’s Planning Board. The approval, which concludes the entitlement phase of the project, allows for pre-construction demolition, environmental and other site work to begin. Located about 25 miles north of New York City along the Long Island Sound, Pratt Landing will consist of 383 rental apartments, as well as 99 condominiums, a 150-room hotel, 40,000 square feet of restaurant and retail space, 845 parking …

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The Harlow in Minneapolis
DevelopmentMidwestMinnesotaNews

Roers Locks in $89.6 Million to Fund Two Minneapolis Developments

by Lynn Peisner

CHANHASSEN, MINN — Roers Cos. has secured an $89.6 million financing package to fund development of two adjacent apartment communities in Chanhassen, about 20 miles southwest of Minneapolis. The Bennett Apartments, located at 591 W. 78th St., will feature 184 units and 11,853 square feet of retail space. The Harlow Apartments, at 570 Market St., will include 126 units and 3,029 square feet of retail space. The projects are expected to be complete in 2026. Gary Sefcik in Marcus & Millichap’s New York City office arranged the financing. Kayne Anderson …

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Abode at Greenway
Build-to-RentCompany NewsNewsNorth CarolinaOperationsSoutheast

RKW Residential Tapped to Manage Three Charlotte Properties

by Lynn Peisner

CHARLOTTE, N.C. — RKW Residential has been selected to manage three properties in Charlotte. The properties include Abode at Reid’s Cove (95 units) and Abode at Greenway (90 units), two build-to-rent (BTR) communities owned by Edgewood Ventures. The third property, Axis Berewick, is a 266-unit traditional multifamily asset owned by Welltower. RKW also manages Welltower’s Charlotte properties Solis Midtown and Solis Millennium. The firm now manages or consults on approximately 5,000 BTR units nationwide, with a concentration in Sun Belt and Midwest markets.

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Olive at Peabody Union in Nashville, Tennessee
DevelopmentNewsSoutheastTennessee

Partnership to Open 27-Story Residential Tower in Nashville, Tennessee

by Channing Hamilton

NASHVILLE, TENN. — A partnership between Hensler Development Group, Stiles and PGIM Real Estate will open Olive at Peabody Union, a 345-unit high-rise project situated between downtown Nashville and the Cumberland River. The 27-story tower will offer studios, one-, two- and three-bedroom penthouses, which range from 1,179 to 2,585 square feet in size. Planned amenities include a wellness center with a sauna and cold plunge, speakeasy sky lounge, pool deck and hot tub, coworking lounges and a gym. The development team, along with newly appointed property management firm Bozzuto Group, …

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Town Square at Mark Center in Alexandria, Virginia
NewsSoutheastVirginia

DSF Group Receives $165.9 Million Acquisition Financing for Property in Alexandria, Virginia

by Channing Hamilton

ALEXANDRIA, VA. — Boston-based investment company The DSF Group has secured $165.9 million in financing for the acquisition of Town Square at Mark Center, a 678-unit apartment and townhome community in Alexandria. IPA Capital Markets, a division of Marcus & Millichap, arranged the loan, which features a 35-year amortization schedule. Town Square at Mark Center rises five stories at 1459 N. Beauregard St. Units come in one-, two- and three-bedroom floor plans, according to Apartments.com. Monthly rates begin at $1,925 for a one-bedroom apartment. The property was constructed in 1996 …

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Boulder Creek in Greenville, South Carolina
Affordable HousingFinanceInvestment SalesNewsNorth CarolinaSouth CarolinaSoutheast

Infinity Acquires Portfolio of 1,068 Affordable Housing Units in the Carolinas

by Channing Hamilton

CAROLINAS — Infinity Real Estate Partners has received $18.8 million in financing from American South Capital Partners, a joint venture between SDS Capital Group and Vintage Realty Co., for the acquisition and renovation of a portfolio of 1,068 affordable housing units located in North Carolina and South Carolina. The portfolio consists of seven communities, which were built between 1968 and 1973 and range from 81 to 200 units. Ninety-five percent of the units are governed by HUD’s Housing Assistance Program. The properties included in the portfolio are: Infinity will use …

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Brickell Starlite in Miami
DevelopmentFloridaNewsSoutheast

Focus, Group Fox Receive Site Plan Approval for 39-Story Rental Tower in Miami

by Channing Hamilton

MIAMI — Focus and Group Fox have received site plan approval for Brickell Starlite, a 39-story residential tower located in Miami’s Brickell financial district. Once completed in 2028, Brickell Starlite will feature 517 apartment units, as well as 7,500 square feet of retail space.  Gensler designed the tower, which is now fully zoned and ready to break ground once the final permitting is completed. Focus has retained Chris Lentz, Chris Moyer, Jeff Altenau, Susan Tjarksen and Marc Royer of Cushman & Wakefield to fully capitalize the development. Focus is a …

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One Seven at Belleview Station in Denver
ColoradoFinanceNewsWestern

TCR, Cigna Receive $75 Million Loan for Refinancing of Mixed-Use Asset in Denver

by Channing Hamilton

DENVER — A joint venture between Trammell Crow Residential (TCR) and Cigna has received a $75 million loan for the refinancing of One Seven at Belleview Station, a 250-unit mixed-use community located at 4882 S Newport St. in Denver. The borrowers will use the funds to retire the original bank construction loan. One Seven at Belleview Station consists of 215,526 square feet of residential space, as well as 7,062 square feet of fully leased retail space. The community offers a mix of studio, one-, two- and three-bedroom apartments with an …

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Fenton in Cary, North Carolina
DevelopmentFinanceNewsNorth CarolinaSoutheast

Partnership Receives $191 Million Loan for Mixed-Use Development in Cary, North Carolina

by Channing Hamilton

CARY, N.C. — A partnership consisting of Hines, Affinius Capital and Columbia Development has secured a $191 million senior mortgage for Fenton, a mixed-use development located in Cary, roughly 10 miles west of Raleigh, North Carolina. Chip Sykes and Kelsey Bawcombe of JLL arranged the loan through New York Life Real Estate Investors.  Fenton was built between 2022 and 2023. The project features an apartment community — The Allison at Fenton — comprising 367 multifamily units, as well as approximately 246,000 square feet of retail space and 183,000 square feet of office space.

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Avilla Gateway in Phoenix
Build-to-RentCaliforniaFinanceNewsWestern

NexMetro Refinances Four Denver and Phoenix Properties for $300 Million

by Channing Hamilton

PHOENIX AND DENVER — NexMetro Communities has recapitalized four build-to-rent (BTR) properties in Phoenix and Denver. Valued at about $300 million, the properties, comprising 849 units, are Avilla Gateway, Avilla Magnolia and Avilla Canyon, which are in Phoenix. The fourth property, Avilla Eastlake, is in Thornton, Colorado, 25 miles north of Denver. NexMetro has developed 60 projects nationwide since its founding in 2012. According to the company’s website, NexMetro’s current portfolio is made up of 43 properties. The financing structure includes $160 million in senior debt invested and managed by Blackstone. The …

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