Development
Finfrock Breaks Ground on $50M Florida Residence Hall
The 700-bed property at Florida A&M University will cover 182,000 square feet. The U.S. Department of Education is backing the project in Tallahassee via a large loan.
Nashville Project Lands $32M Construction Loan
Buckingham Cos.’ luxury community, which opened its doors in 2017, is growing by 296 apartments. U.S. Bank provided financing for the second phase.
Gemdale, Blake|Griggs Break Ground on Berkeley Community
The joint venture has started the construction of Blake Street Apartments, an 84-unit transit-oriented development located near the city’s downtown.
REACH Community Development Opens Portland Affordable Housing Property
The $24 million project has 101 units catering to both seniors and families with children, as well as 8,900 square feet of retail space.
JV to Bring Solar-Plus-Storage to LMI Communities in NY
The partnership aims to equip more than 2,500 regulated affordable housing buildings across New York City with solar and storage installations.
Jersey City Project Advances College-Anchored Redevelopment
The Hampshire Cos., Claremont Cos. and Circle Squared Alternative Investments started construction on the 199-unit apartment building, which is part of a mixed-use college town redevelopment adjacent to New Jersey City University.
Hines JV to Build 2.5 MSF North Carolina Project
Along with co-developers Columbia Development Group and USAA Real Estate, the firm is building Fenton, a 92-acre mixed-use project in the Raleigh-Durham area.
Silverstone Breaks Ground on $75M NoVa Senior Community
The company will bring 124 assisted living and 30 memory care units to Metro West, a mixed-use, transit-oriented development in Fairfax County.
DC Development Gets $192M in Financing
A joint venture of MRP Realty and FRP Development Corp. is building Bryant Street, a 1,500-unit, mixed-use property in the northeast area of the city.
Rehab Complete on Affordable Sacramento-Area Property
Community Preservation Partners invested $35.6 million at Danbury Park Apartments, a 140-unit asset in Antelope, Calif. Ten percent of the community is now ADA compliant.