New Construction and Development
Developer to build a mix of garden-style apartments, townhomes and single-family homes on 13.7 acres
Partnership, including Morgan Stanley Real Estate Investing, to start construction immediately on 373-unit horizontal apartment project
Mill Creek Residential, a leading developer and operator specializing in premier rental communities across the U.S., today announced it has broken ground on Amavi Coddle Creek, a three-phase master-planned community in the northern Charlotte metropolitan area. The development will mark Mill Creek’s initial entry into the emerging single-family build-to-rent sector.
CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, today announced a joint venture with Crescent Communities (“Crescent”), a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, to develop ‘Render Covington’ - a 315-unit multifamily community in Covington, Georgia.
Mill Creek Residential, a leading developer and operator specializing in premier rental communities across the U.S., today announced it has broken ground on Modera SouthPark, a luxury apartment community located in SouthPark.
Greystone, a leading national commercial real estate finance company, announced it has arranged a $30 million construction loan for affiliate entities of The Manhattan Building Company (“MBC”). The construction loan was originated by White Oak Real Estate Capital, an affiliate of White Oak Global Advisors (“WOGA” or “White Oak”), to finance the construction of a 6-story, ~150,000 GSF mixed-use residential development comprised of 80 market rate rental apartment units, 80 parking spaces, and approximately 3,200 SF of ground-floor commercial space located at 40 Center Street in Jersey City, NJ. Greystone’s Drew Fletcher, Matthew Hirsch, and Bryan Grover served as the exclusive advisors in arranging the financing for the development.
Housing Trust Group (HTG), an award-winning multifamily developer and one of the nation’s leading developers of affordable housing, announces the opening of three new affordable housing communities in Southern and Central Florida: Valencia Grove II in Eustis, Twin Lakes Estates II in Lakeland and Oaks at Lakeside in Bradenton. The three communities delivered a combined total of 338 new affordable apartments reserved for income-qualifying residents in communities where the demand for affordable housing vastly exceeds the supply.
R.D. Olson Construction, an award-winning general contracting firm in California, today announced that construction is underway on Stony Oaks Apartments, a four-story medium high-density community that will provide 142 units of affordable housing to the city of Santa Rosa, California. As the design-build contractor, R.D. Olson Construction is streamlining project delivery by managing a single contract with the owner, MetaHousing. The project is expected to be completed in April 2023.
70-Unit Multifamily Project Marks Greystone Affordable Development’s First New Construction Structure
The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, and J.P. Morgan Global Alternatives announced today the groundbreaking of Altís Blue Lake, a 318-unit Luxury Garden Apartment Community in Lake Worth. The investment was provided by the institutional investors advised by J.P. Morgan Global Alternatives.