Development
Luxury Condo Building Tops Out in Fort Lauderdale
The eight-story community on Florida’s Intracoastal Waterway is scheduled for completion this summer. Sobel Co. is the project developer.
Wood Partners Breaks Ground on Houston Property
Located in the Texas Medical Center, Alta Med Main will feature 338 units and access to amenities such as a Sky Lounge, a fitness center, and a dog park.
Microsoft Commits $500M to Affordable Housing in Seattle
The software giant proposes a combination of loans and grants to help expand the Puget Sound region’s inventory of affordable housing.
Work Begins on $136M Manhattan Affordable Housing Project
Related Cos. and The Hudson Cos. are bringing the first newly constructed, permanently affordable housing project to Roosevelt Island, N.Y. The 21-story community is set to encompass 340 units.
Related Cos. Receives $50M Refi for Affordable MA Asset
MassHousing provided the funds for the renovation of Chestnut Park Apartments, a 489-unit community in downtown Springfield. Wells Fargo will act as the project’s commercial construction and permanent lender.
Jacksonville Development Gets $39M Construction Financing
Crest Residential’s 256-unit project is estimated to break ground in the spring, financed by a five-year loan from Protective Life Insurance Co.
NC Garden-Style Project Receives $21M Loan
Trez Forman provided the funds for St. Marks, a 183-unit community to be built in Burlington. Diamondback Investment Group is the developer of the project.
$30M Senior Living Project Breaks Ground in Suburban Chicago
Scheduled for completion in mid-2020, the three-story assisted living and memory care community will bring 86 residential suites to Highland Park, Ill.
McKenzie Brings New Units to WI Community
The development company has completed 60 units of Timber Valley Apartments, located in Madison, Wis., approximately 8 miles from the city’s downtown.
Dallas Housing Authority Aims to Grow Texas Affordable Housing
The agency has formed public-private partnerships with 12 different firms in order to redevelop seven of its properties.