Development
New Affordable Housing Coming to San Diego
Affirmed Housing began construction of a 79-unit community in Pacific Highlands Ranch. Dubbed Luna, the property will rent to those who earn between 50 and 60 percent of the area’s median income.
JV Breaks Ground on Upscale Dayton-Area Apartments
Mills Development and Hills Properties began work on a 312-unit community adjacent to Cross Pointe Shopping Center in Centerville, Ohio. The project will be known as Allure Luxury Apartments.
How to Approach Mixed-Income Communities
Director Mark Joseph and Project Manager Taryn Gress of the National Initiative on Mixed-Income Communities shared their research on the mixed-income housing strategy.
Sales Start for NJ Luxury Waterfront Condos
The two-building Park and Shore is Strategic Capital’s first Jersey City development and the Newport neighborhood’s first condominium project in the last eight years.
JV Secures $130M Senior Loan for Minneapolis Condos
Provident Real Estate Ventures and Shamrock Properties Inc. will develop The Legacy, a 374‐unit property that will include an eight‐story podium with a 14‐story and a 17‐story tower, along with three levels of subterranean parking.
Mallory & Evans Brings Student Housing to SC, AL
The company is adding Bellamy Coastal and Bellamy Florence to its luxury student housing brand. Totaling $56 million, the two communities are scheduled for completion by fall 2018.
FL Mixed-Use Community Adds Multifamily Component
Edera at Coconut Point will be the only residential rental property within the 500-acre, master-planned, mixed-use development.
SunCap Property Breaks Ground on NC High-End Community
The four-story, 47-unit community will offer two-and three-bedroom apartments with rental rates estimated to start at $3,400 per month. The property marks SunCap’s first multifamily development in Charlotte.
IRET Buys in Hot Twin Cities Market
The company acquired the 500-unit Park Place in Plymouth, Minn., for $92.3 million. The community consists of four apartment buildings and is currently more than 95 percent occupied.
Bellevue Breaks Decade-Long Hiatus with Ground Breaking
Vancouver-based Bosa Development’s One88 is a 21-story tower with 143 luxury units. Bosa spent a considerable amount of time developing a special product for the market.