Development
Leasing Begins at Jersey City Luxury Apartments
The Hampshire Cos. and Claremont Cos. are developing RIVET, which includes 163 units and 10,000 square feet of retail space. The property is expected to be completed in July.
Jupiter Realty to Open Chicago Luxury Building
The 465 North Park tower, which offers 444 units and more than 10,000 square feet of retail space, is one of several recent high-rises changing Streeterville’s skyline.
JV Secures $251M for NYC Condo Project
CB Developers, SK Development and Ironstate Development are constructing 646 11th Ave. in the Hell’s Kitchen neighborhood. When completed, the community will include 222 condos and 60 for-sale storage units.
What’s in Store for the Apartment Industry
While demand for multifamily housing remains strong, the sector faces a number of challenges, according to multifamily experts speaking at the National Association of Real Estate Editors annual real-estate journalism conference in Las Vegas.
Cornerstone Arranges $14M for MA Asset
Langley Terrace in Newton currently comprises three buildings and one two-family home, which will be leveled in order to construct a three-story apartment asset. Construction is scheduled for completion by June 2019.
Cordish Cos. Completes $120M MO Community
The company launched the 296-unit Two Light, the second new construction high-rise apartment building in downtown Kansas City.
Hunt Mortgage Closes $37M Denver Construction Loan
Located at the corner of West 38th Avenue and Upham Street, West End 38 is slated to include 165 units and roughly 7,200 square feet of retail space.
JPI Continues Dallas Development Streak
The company’s Jefferson West Love community will include 200,000 square feet of office space and 65,000 square feet of restaurant and retail, as well as a 244-key Aloft and Element hotel.
LandSouth Construction Breaks Ground on $35M FL Apartments
Gatlin Commons in Port St. Lucie will include 200 units. The community is expected to be completed in October 2019.
San Diego Mixed-Use Tower Tops Out
The Richman Group of California Development Co. and Level 10 Construction have topped out K1, which includes 220 units and 7,000 square feet of commercial space.