Development
Midtown Detroit Gets New Mixed-Income Community
Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will.
JV Brings Luxury Living to Jersey City
Hartz Mountain Industries and Panepinto Properties developed the LEED Silver-certified TOD, which includes 13 stories and 240 units. The community is already 40 percent leased.
Luxury Community Opens Doors in Charleston Area
Woodfield Investments is the owner of The Passage, a 240-unit asset in Summerville, S.C. CF Real Estate Services will manage the property.
Batson-Cook Breaks Ground on 180-Unit FL Student Housing Development
The $54 million project, developed by a joint venture including Kayne Anderson Real Estate Advisors, is expected to come online in the summer of 2018.
CBRE Lines Up $14M Financing for New Idaho Community
The company worked on behalf of the borrower, 5th and Idaho Apartments LLC. The five-story building will be located in the historic district of Old Boise, Idaho.
Home Leasing, CPC Open $18M NY Apartments
The 72-unit Charlotte Square at the East End is the first of three new developments in Rochester. Construction on phases II and III are anticipated to begin in the fall of 2017.
Donaldson Group, DRA Advisors Grab $15M MD Community
The joint venture plans to renovate the Brinkley Manor Apartments, including common and outside areas, as well as the individual units.
Leasing Starts at New Chicago Mixed-Use
JDL Development’s SixForty, located in the River North neighborhood, includes a 23-story tower with 250 units and 8,000 square feet of retail.
Sustainable Queens Development Begins Leasing
Gotham Organization’s and Brause Realty’s property, called The Forge, includes 272 units and features environmentally friendly, luxury amenities.
San Antonio Project Lands $19M Construction Loan
The 192-unit Valencia Lofts in Leon Valley will comprise 14 two-story townhouses with one-, two- and three-bedroom units. The developer is a joint venture between Davila Construction and Loft Concepts.