New Construction and Development

Prescient, a fully integrated, proprietary and patented design, engineering, manufacturing and installation solution for the construction industry, announced today the completion of two senior housing projects located in Stuart, Fla., and Lonetree, Colo.

CityView, an investment management and development firm focused on urban multifamily real estate in the Western and Southwestern United States, announced today that its Solimar apartment community in Wilmington, Calif., is now available for leasing.

With the snip of a ribbon, La Esperanza De Alton, a new $10.1 million, 80-unit affordable apartment community in Alton, Texas was officially declared open yesterday. The event was attended by federal, state and local public officials, including U.S. Congressman Ruben Hinojosa, State Senator Juan “Chuy” Hinojosa, Representative Bobby Guerra, State Director USDA Rural Development Paco Valentin and Alton Mayor Salvador Vela, along with community leaders, members of the ownership and development team and residents.

Mill Creek Begins Construction on Italian Embassy Residences

Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the start of construction and redevelopment of the former Italian Embassy building located at 2700 16th NW, which will be preserved and converted into 134 luxury apartment homes. 

WASHINGTON – Oct. 11, 2016 Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the start of construction on the second phase of The View at Waterfront in Washington, DC.

Columbia at Renaissance Square Breaks Ground

The partners of Columbia Renaissance Square I, L.P. hosted a groundbreaking ceremony for the first phase of the new Columbia at Renaissance Square development in Southeast Fort Worth. The event was held at the building site on W.G. Daniels Drive (west of Uplift Mighty Preparatory, off of Grayson Street) on Monday, September 19, 2016 at 10:00 a.m.

Sienna, Streeterville's newest apartment community, is now open—and it brings a long-awaited mid-rise option to this neighborhood dominated by high-rise towers.Chicago-based Golub & Company, together with Diversified Real Estate Capital, announced today that the first residents have moved into the six-story mixed-use apartment community at 423 Ohio Street. Sienna's limited number of boutique rental apartments offer a spacious, contemporary loft design amidst the lively urban Streeterville neighborhood.

The worst housing recession in US history, a difficult design review process, and an existing historical structure couldn’t stop The Residences at Westgate in downtown Pasadena from finally being realized thanks to a very patient development team and the architectural collaboration of Danielian Associates Architecture + Planning and COE Architecture. “We started working on this project in our office in 2007,” said Mojgan Momenan, Senior Project Manager for Westgate and Associate at Danielian. “It could easily have been a different outcome, but patience and the team’s ability to overcome design challenges paid off. To have this particular project win at the SoCal Awards is exceptionally rewarding.”

Harper's Retreat Now Leasing

Harper's Retreat, a 216-unit exclusive apartment home community in Conroe, Texas is now leasing for immediate move in. The luxury property was the first multifamily development built in the Harper's Preserve master-planned community.

Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it closed on a loan investment of up to approximately $21.1 million.  This investment is in connection with Bristol Development Group's plans to develop a 271-unit multifamily community located in Birmingham, Alabama.  Additionally, with this investment, PAC received an option to purchase the multifamily community following stabilization at a discounted price to market.  "Bristol Development Group is a Nashville based developer of Class A multifamily properties throughout the Southeast U.S.  We have pursued a relationship with Bristol for some time and hope this is just the first of many high quality projects that we can work on together," said Daniel M. DuPree, the Company's Chief Investment Officer.