Development
Wood Partners Begins Pre-Leasing at Boston-Area Community
The Westerly at Forge Park is a luxury residential property in Franklin, Mass., with common area amenities that include an outdoor pool and a dog park.
The Citadel at Westpointe to Break Ground in San Antonio
The $33 million garden-style community will encompass 282 apartments and various amenities, including a resort-style pool and demonstration kitchen.
Durham Liberty Warehouse Trades for $69M
East West Partners sold the asset to a New York-based investment company. The former brick warehouse has been transformed into a 247-unit residential project that also includes 24,000 square feet of retail space.
Skanska Invests $41M in Finland Residential Project
The three-phase development called Gustaf Wilhelm will break ground in June 2017 and is expected for completion in the second quarter of 2019.
Optima Tops Out on Scottsdale Luxury Condo Tower
Move-ins for first residents at 7120 Optima Kierland are scheduled for early 2018, while all residences are expected to be completed in August 2018.
Work to Begin on Sunny Isles Beach Condo Project
Developer Verzasca Group and the Aurora sales team are moving to a new location in order for demolition to begin on the existing sales center.
Richmond Development Scores $40M Construction Loan
Berkadia arranged the financing on behalf of the developer, HHHunt Corp. First units will be available for occupancy by summer of 2018, and the community will be completed next summer.
New South Completes GA Senior Communities
The Glen at Lake Oconee in Greensboro is a 118-unit community in a luxury resort, and Thrive at Frederica in St. Simons is a 92-bed facility offering 54,000 square feet of new construction.
Kettler Opens Luxury Community in Tysons Corner
Highgate at The Mile is a 395-unit mid-rise residential property that boasts an array of amenities and is situated within walking distance of first-class retail, restaurants and key employers, such as Freddie Mac and Hilton Worldwide.
NY Launches $20B Affordable Housing Initiative
The five-year plan was created to combat homelessness and proposes $10 billion to create and preserve more than 110,000 units across the state, including 12,000 units is designed through the newly enacted “Affordable New York” program.