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The Marquette Companies Develops 220-Unit Apartment Community in Algonquin, Ill.
The Marquette Companies has opened the recently developed Algonquin Square, a 220-unit garden-style community located adjacent to the Algonquin Commons lifestyle shopping center, in Algonquin, Ill.
Carmel Completes San Diego Community
Multifamily specialist Carmel has completed work on Carmel Pacific Ridge, a 500-unit property in the Mission Valley neighborhood of San Diego.
MHN Interview: Philadelphia Freedom—An Interesting Opportunity for Multifamily
LCOR recently announced that Donald Tracy, the company’s new vice president, would be leading the Philadelphia development team. MHN talks with Tracy about his plans on expanding LCOR’s development pipeline in that market, as well as why he considers Philadelphia a unique area for the multifamily industry.
NorSouth Constructs and Fickling & Company Begin Work on Luxury Ga. Community
In a joint venture, NorSouth Constructs and Fickling & Company have started to develop Lullwater at Riverwood, a luxury apartment community in Evans, Ga., which is a submarket of Augusta/Richmond County.
The Urban Strategy America Fund Invests in 151-Unit Affordable Community
The Urban Strategy America Fund, a fund at New Boston Fund has closed on the permanent financing for the third financial rental phase of Olmsted Green, a community in Boston.
Carrfour Property Receives Grant to Create Urban Farm
The Health Foundation of South Florida has awarded Carrfour Supportive Housing, a major Florida affordable housing developer, a $28,800 grant to fund its Learning Kitchen and Farmer’s Market Training Program.
PRG Real Estate Acquires 200-Unit Community Near Charleston
PRG Real Estate has acquired Churchill Commons, a 200-unit garden-style apartment community situated on 10 acres of a serene park like setting in Summerville, S.C.
MHN Interview: Financing Supportive Housing for Veterans
KayBank recently provided $5 million in Low Income Housing Credit to finance a supportive housing development for veterans called Cadence Square in Canandaigua, N.Y. MHN speaks to Kevin Nowak, national equity investment manager for Key Community Development Corp., a part of KayBank, about this transaction, as well as the importance of enhanced-use leases.
Student Housing Near Central Connecticut State Sells
Campus View Apartments in New Britain, Conn., has traded hands for $4.72 million. The property is a 63-unit student-housing community at the entrance to Central Connecticut State University.
DeBartolo Opens Phase I of $40M Luxury Community
DeBartolo Development LLC recently announced the opening of The Retreat at Windermere, a multifamily community in Windermere, Fla., that is the first phase of vertical construction for Summerport Village, a 196-acre mixed-use development.