The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, in partnership with The Rockpoint Group, is pleased to announce that the pre-leasing of Altís Grand Suncoast, a 449-unit upscale Apartment Community in Land O’ Lakes, a submarket of Tampa, Florida, began on June 1. 

The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, in partnership with The Rockpoint Group, is pleased to announce that the pre-leasing of Altís Grand Suncoast, a 449-unit upscale Apartment Community in Land O’ Lakes, a submarket of Tampa, Florida, began on June 1. 

A group led by Baltimore-based boutique commercial real estate and investment company Byrnes & Associates, Inc. has acquired 207. E. Redwood Street which, after its conversion from an office building to a hotel in 2015, has operated as Hotel RL Baltimore Inner Harbor in downtown Baltimore City. Byrnes & Associates plans to immediately commence with an $18.5 million redevelopment strategy to transform the 10-story hospitality asset into an apartment use, featuring 130 studio, junior one-bedroom and one-bedroom units. The development team includes Brad Byrnes and Kemp Byrnes of Byrnes & Associates; investors Jay Litke and Moe Krohn of Kove Group LLC who will be the general contractors performing all construction activities; and investor/asset manager Brendan Ferrara of Carm Capital LLC. The former owner was RL Baltimore LLC.

Greystone, a leading national commercial real estate finance company, announced it has arranged $287 million in combined construction financing and preferred equity for Douglaston Development’s 1057 Atlantic Avenue, a 474,000-square-foot, 17-story, 456-unit mixed-income multifamily rental development in Brooklyn’s Bedford-Stuyvesant neighborhood. Notably, the project will also be one of the last large-scale new rental housing developments eligible to receive a 35-year real estate tax exemption under the recently expired Affordable New York Housing Program (formerly known as 421-a). Greystone Capital Advisors’ Drew Fletcher, Paul Fried, and Bryan Grover served as exclusive advisors in arranging the financing on behalf of Douglaston Development.

Partnership to develop 214 townhome-style units in rapidly growing master-planned community following successful site acquisition

Construction is proceeding on Five43 Apartments, an upscale multifamily community situated in the Bel Air section of Harford County, Maryland which, upon its scheduled completion in early 2024, will offer a modern, mid-rise living environment with unique design features highlighted by above-average unit sizes and a full-range of amenities to residents. The project, positioned at the intersection of US 1 and MD Route 543, is a development of Lutherville-based Peak Management, LLC, an affiliate company of Hill Management Services, Inc. Leasing activities are expected to commence this fall.

Sales and leasing activity remains ahead of schedule across all asset classes at James Run, a new 108-acre mixed-use development currently under development in Harford County, Maryland by JEN Partners, a New York-based real estate private equity fund. Since initiating residential sales in late 2021, approximately 190 single-family and townhomes have been sold by Ryan Homes, (NVR, Inc), more than 25,000 square feet of retail leasing has been executed and, recently, a land parcel was sold to Park Avenue Lifestyle for the development of a 160-unit independent and assisted living project. Baltimore-based Craftsmen Companies is the development manager for James Run and MacKenzie Commercial Real Estate Services serves as the project’s exclusive leasing broker.

Rental Housing Leader Closes on Ninth Development Project in Charlotte