Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at [email protected].
Crescent Club is a 215-unit age-restricted property in Orlando, Fla.
Hope Street Capital owns the 29-story multifamily property.
Beztak will operate the 148-unit community under the Monark Grove brand.
Oak Tree Village Apartments will also benefit from a moderate rehab of $15,000 per unit.
The $51 million project is slated for completion in 2024.
The project represents the renovation of a 335-unit fully affordable community.
The affordable property represents the rehabilitation of a former YMCA building in Jersey City.