New Construction and Development

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.

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, 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.

MORGAN, a leader in upscale multifamily development, construction and property management, has opened Pearl at the Mix in the heart of Houston's Midtown district.

Deal Marks Greystone’s First HUD 221d4 Loan with Green MIP Reduction Based on 2016 MAP Guide  

Today ground was officially broken on The Heights Apartments, a $19 million, 128-unit affordable, multi-family development to be built on the southwest corner of South Raul Longoria and East Wisconsin roads in Edinburg, Texas.  The event was attended by State and Local public officials, community leaders as well as members of the ownership and development team.