Development
Wood Partners Breaks Ground on 298-Unit Development
The developer is building a community in Chapel Hill, N.C., with leasing expected to begin next summer. Alta Blu will include 5,000 square feet of office space.
Carrfour Secures Grant to House Homeless Vets
The not-for-profit affordable housing developer received the financing from The Home Depot Foundation’s Veteran Housing Grants Program to fund Liberty Village in Miami’s Liberty City neighborhood.
Watercrest JV Unveils FL Luxury Senior Project
The 128-unit community in Naples will break ground in November and is slated for completion in early 2019. This marks United Properties’ first senior housing project in the state.
Walker & Dunlop Originates $34M Loan for CA Affordable Asset
The loan will be used to finance Campus Oaks Phase I, an affordable community in suburban Sacramento. Walker & Dunlop worked on behalf of The Canel Cos.
Luxury Apartments Target Silicon Valley Workforce
CityView and Greystar are developing Elan Menlo Park, a 146-unit community within six garden-style buildings in Menlo Park, Calif.
Top 10 Largest DC Communities Under Development
The city’s multifamily market is experiencing strong fundamentals, including robust employment, healthy population gains and record-breaking rental rates, per-unit prices and median home values.
1st High-Rise Debuts in DTLA $1B Project
Greenland USA opened the first luxury residential building, part of its Metropolis mixed-development, which towers 38 floors above the city. Two other towers are under construction.
CityView, Dinerstein to Develop CO Luxury Apartments
The proposed 350-unit, Class A development will be replacing an underutilized retail center at the site. Groundbreaking is scheduled for August 2017 and completion for mid-2019.
JV Launches VA Affordable Housing
Jefferson Apartment Group, SCG Development and the Fairfax County Redevelopment and Housing Authority are developing Residences at Government Center, a 270-unit property in Fairfax County.
KTGY, Trammell Crow Break Ground on $135M CA Mixed-Use Project
Dubbed the Alexan Webster, the 1.42-acre destination will include 234 luxury apartments with 15 percent of its units designated as affordable. Completion is scheduled for summer 2019.