Development
Edwards Cos. to Develop FL Mixed-Use Property
The $250 million Atlantic Crossing, representing the largest private investment in Delray Beach’s history, will include 343 units and 76,000 square feet of ground-floor retail and restaurant space.
XFD Unveils IL Student Housing Community
In partnership with Lewis & Clark Real Estate, the company debuted the 428-bed, mixed-use 212 East, located in Champaign, Ill. The community will serve the students of the University of Illinois.
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.