Development
Construction Begins on Cleveland Affordable Housing
Detroit Shoreway Community Development Organization is starting work on Aspen Place, a development in the Cleveland EcoVillage. The company plans to achieve a near-50 percent reduction in energy demand compared to minimum requirements.
Related Lands $52M for FL Community
JP Morgan arranged the construction loan for Town Southern, located in Royal Palm Beach. The 392-unit community is scheduled for completion in 2018.
Integrity Opens CA Senior Housing
In partnership with Mayans Housing Corp., the firm has debuted an 84-unit community in Pomona. Of the units, five will be reserved for veterans.
Cush & Wake Brokers Sale of 294-Unit KY Community
Mike Kemether and Craig Collins of Cushman & Wakefield represented the seller, Stratford Asset Management Co., in the $25.5 million transaction. RealSource Properties acquired the property, Breckinridge Square.
Miami’s 1010 Brickell to Begin Closings
The 389-unit tower, a partnership of Key International and 13th Floor Investments, underwent 36 months of construction and is currently 99 percent sold.
Urby Leasing 3rd Development in NJ
The company launched Harrison Urby, a 409-unit community in Harrison, N.J., offering amenities such as Urby Blues, an onsite recording studio that serves as practice space for the jazz musician-in-residence.
Senior Community Coming to Calgary University District
West Campus Development Trust and The Brenda Strafford Foundation are developing Cambridge Manor, a 240-unit property in Canada. The facility is part of a 200-acre, master-planned sustainable development.
EdR Receives Approval for MS Project
The company, along with Mississippi State University, will move forward with College View, a 1,600-bed student housing campus to be constructed in two phases.
JV Wraps $100M Baltimore Development
Bozzuto Group, War Horse Cities, and Solstice Partners have completed work on Anthem House, a 292-unit community in the Locust Point district.