Development
Construction Kicks Off at Chicago’s Wolf Point East
The 60-story, 698-unit luxury apartment tower represents the second phase of the Wolf Point master plan, a three-phase project built by Hines along the Chicago River.
FCP to Provide Financing for Charleston Community
The company is collaborating with White Point Partners and Middle Street Partners on the 275-unit Foundry Point, located in the NoMo neighborhood of Charleston.
Brooklyn Condo Tower Kicks Off Sales
Developed by Mack Real Estate Group and Palin Enterprises, the 40-story luxury tower will be the tallest building in the borough’s Greenpoint neighborhood and will feature 95 units.
$43M DC Affordable Community to Open Next Spring
Portner Flats will bring 96 affordable units to the popular U Street Corridor in Northwest, D.C. The project is a public-private partnership between the District, Somerset Development, Jonathan Rose Cos., New Community Partners and other entities.
Terwilliger Pappas Breaks Ground on NC Community
The 194-unit property near Duke University will feature upscale amenities such as a yoga studio and a heated pool.
Radnor Secures $65M for Philly Development
During the first of The Hamilton’s two phases, 279 units will be constructed in the previously underutilized corridor between Spring Garden and Vine Street in the popular Logan Square neighborhood.
SALT Launches $275M Mixed-Use Development
Hardware District in Salt Lake City will comprise four buildings, 466 luxury units and 260,000 square feet of office space. The two residential properties are scheduled for completion in February and August of 2018.
Strategic Management in Downtown Detroit
After more than 20 years, Broder & Sachse ended most of its third-party property management contracts to concentrate mostly on property development. CEO Rich Broder discusses company’s strategy and the state of multifamily in the Detroit area.
George Smith Secures $27M for Hollywood Community
Massie Capital and Glenn & Shannon Dellimore plan to refinance an older acquisition loan and fund further renovations, as well as the off-market acquisition of an adjacent property.
J Street Lands Dupont Circle Site for Condo Project
The developer plans to build The Pacifica, a nine-unit luxury community in Washington, D.C. In partnership with the Dupont Circle Citizens’ Association, the company is offering the historic buildings currently on the site for free.