Multifamilybiz-com News

SUMMERVILLE, SC - Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, announced the start of construction at Emblem Summerville, an attainably priced community located in the historic city of Summerville, South Carolina, 25 miles northwest of Charleston. Emblem Summerville is a 288-home garden style community with spacious modern homes, an extensive amenities package and easy access to regional employers, schools, outdoor recreation, retail and dining. Emblem Summerville is Quarterra's second Emblem community in South Carolina, joining Emblem Cane Bay North, also in Summerville. Nationwide, Quarterra has delivere 8 Emblem communities to date, with more than 20 currently in the pipeline. "Emblem Summerville […]

CHARLOTTE, NC - Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced the groundbreaking of its latest Birchway-branded property, Birchway Eastfield Station, a new apartment community in Charlotte, NC. The project represents the first transaction capitalized in a strategic venture between Greystar and Whitman Peterson. Birchway by Greystar invites residents to enjoy comfort in suburban garden-style communities, providing practicality, tranquility, and convenience. Rooted in community, the Birchway brand offers the conveniences of the city without city prices. "We are extremely proud to bring Birchway Eastfield Station to Charlotte,"Mike Sullivan, Director of Development, said. "With our […]

NEWARK, OH - Vista Residential Partners, a national multifamily development firm, has broken ground on 15.6 acres on the corner of Northeast corner of West Main Street and Thornwood Drive in Newark, OH, for the development of Trailhead Vista, a 308-unit apartment community. Trailhead Vista benefits from its proximity to multiple significant employment hubs. Intel's 1,000-acre site (less than 20 minutes from Trailhead Vista) is currently under construction on a $20 billion chip fabrication plant which is projected to create 3,000 full-time Intel jobs and 7,000 construction-related jobs over the course of its build-out (initial phase scheduled completion: 2028). Additionally, Trailhead Vista is located along the Thornwood Corridor Employment Hub ("TCEH"). TCEH is comprised of five […]

LOS ANGELES, CA - The Richman Group of California, an innovator in multifamily development, and Richman Property Services, a national leader in multifamily management, in partnership with Brilliant Corners, a leading supportive housing developer and services provider in California, celebrated the grand opening of Las Palmas Apartments, a new supportive housing community in the Wilmington neighborhood of Los Angeles. The development is financed in part by HHH Challenge funds from the Los Angeles Housing Department and California Department of Housing and Community Development No Place Like Home funding, administered by the Los Angeles County Development Authority (LACDA) and the Los Angeles County Department of Mental Health. Designed by award-winning architecture firm KFA, Las Palmas […]

FRESNO, TX - Ascendant Development, a luxury apartment and student housing developer, investor, and general contractor, announced the completion of Preserve at Hwy 6, a new build-to-rent (BTR) community located at 11923 Hwy 6 in Fresno, TX, near Missouri City. "Preserve at Hwy 6 showcases Ascendant's strategy of delivering luxury living tailored to the specific needs of the submarkets we serve," said David Kulkarni, principal of Ascendant Development. "This development offers a single-family home experience with close proximity to premier retail and dining in Sienna Plantation and Missouri City, plus a convenient commute to the Texas Medical Center." The Preserve at Hwy 6 community consists of 320 one-story, detached single-family homes, designed by EDI International. Homes range from 668 […]

BERKELEY, CA - Canyon Partners Real Estate, The Martin Group, and Valiance Capital announced the formation of a joint venture to develop a new Class-A student housing community near the University of California at Berkeley campus, with construction scheduled to begin immediately and completion anticipated prior to the start of the 2026-2027 academic year. The joint venture simultaneously closed on a senior construction loan from Kennedy Wilson. The Valiant will be an eight-story, purpose-built student housing community with 83 apartment units, 262 beds, and 1,461 square feet of retail space, designed to be amongst the best in its class within the Berkeley market. The Project is optimally located on Durant Avenue between Telegraph Avenue and Bowditch Street, one block from the main […]

VENICE, FL - National multifamily developer Wood Partners expands its presence in Florida with Altera Jacaranda, bringing the only attainable, new construction development to Venice. The multifamily apartment complex will break ground next month and is expected to deliver to the community in the second quarter of 2026. Altera Jacaranda is a 280-unit garden-style apartment community with five, four-story buildings featuring a mix of one-, two- and three-bedroom layouts. With proximity to large employment centers, top-tier medical facilities and world-famous beaches, Altera Jacaranda is strategically placed along I-75 and sits just six minutes from Venice Beach. Wood Partners is also working with local officials to improve the three-way intersection of Commerce Drive and Jacaranda Boulevard […]

AVENTURA, FL - Cardone Capital, led by industry titan Grant Cardone, closed an all-cash deal on The Edge at Flagler Village.The Class A, luxury 331-unit multifamily property in the heart of Downtown Fort Lauderdale was acquired through the firm s latest investment vehicle, Cardone Equity Fund 25. The firm has assembled a portfolio of 2,000+ Class A multifamily units in the Downtown Fort Lauderdale submarket, bringing the company s total unit count to 14,000 apartments throughout the Sunbelt. Grant Cardone, CEO of Cardone Capital, commented on the acquisition: "This acquisition presents a tremendous opportunity for our investors. We've secured a premium asset with immediate cash flow at a compelling price. With the Fed s recent rate cut, we expect to enjoy significant capital appreciation […]

CHARLOTTE, NC - Vista Residential Partners, a national multifamily development firm, has broken ground on 14 acres at 8011 Krefeld Drive Charlotte, NC, for the development of McAlpine Vista, a 320-unit apartment community. Located in the submarket of Matthews, NC, McAlpine Vista will be comprised of 4 and 5 story residential buildings and will have direct and private access to the 6-mile long McAlpine Creek Greenway. McAlpine Vista is conveniently located 15 minutes from Uptown Charlotte and just under 5 miles from the 5.6MM square feet of office space located in Southpark. Additionally, 20 minutes from this site is Ballantyne which boasts an additional 4.5MM square feet of office space. "We are thrilled to start construction on our second project in North Carolina," says Alex Barroso, […]

PITTSBURGH, PA - Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced the start of construction on Ophelia, its first apartment development in the city of Pittsburgh. "Greystar is excited to make its entry into Pittsburgh in partnership with ECHO Realty," George Hayward, Senior Director of Development at Greystar, said. "Together we are transforming a legacy retail strip center into a unique mixed-use project, signifying the dramatic evolution of the East Liberty and Shadyside neighborhoods. We expect this to be the first of many Greystar development projects in the city." The new apartment community will have 231 apartment homes for rent with 35 units dedicated to the city's affordable […]

LEANDER, TX - Tricon Residential, a Blackstone Real Estate portfolio company, along with its residents, partners and local leaders, celebrated the grand opening of two new built-to-rent communities in Texas: Tricon Bryson in Leander and Tricon Willow Creek in Tomball. Developed in partnership with HHS Residential, a division of Plano-based Highland Homes, these communities will expand housing supply in the Austin and Houston metropolitan areas by adding 303 new, high-quality single-family rental homes. The homes offer thoughtfully designed floor plans featuring three and four bedrooms, attached two-car garages, fully fenced backyards and sought-after community amenities, with the benefit of Tricon s industry-leading on-site maintenance and professional property management. Tricon is […]

COLORADO SPRINGS, CO - Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, announced that it will develop Switch, a 276-unit Class A multifamily community, within Colorado Springs' Polaris Pointe development. The company will begin construction this month with first resident move-ins targeted for fall 2025. "Colorado Springs consistently ranks among the best places to live in the United States, and its economy produces extremely favorable fundamentals that outperform the national averages," said Josh Purvis, managing partner for Thompson Thrift Residential. "We look forward to bringing another distinctive Thompson Thrift community to this vibrant metro area and providing residents with top-notch amenities and […]

ATLANTA, GA - Georgia-Pacific announced initial plans for one of the country's largest mixed-use redevelopments and the intent to transform its iconic 51-story world headquarters and the surrounding city block into a thriving center for innovation and community engagement. The prestigious downtown location will be reimagined into a dynamic mix of residential living, modern office spaces, retail, restaurants and a landscaped central plaza for gathering. This project reaffirms Georgia-Pacific's commitment to the future of Downtown Atlanta and promises to set a new standard for adaptive reuse. The proposed development, scheduled for completion in fall 2027, includes the following: More than 400 apartment units on the tower's uppermost floors, among the highest in the Southeast +/- 125,000 […]

DURHAM, NC - Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Amavi Brier Creek, a single-family build-to-rent community in eastern Durham County. The community, surrounded by 25 acres of woods, creeks and 28 acres of dedicated open space, features a combined 350 townhomes and single-family detached homes. First move-ins are slated for October. "Amavi Brier Creek will offer a pleasant mix of open green space, proximity to an excelling employment market and a reasonable price point," said Willie Morris, senior vice president of land acquisition for Mill Creek Residential. "The Brier Creek area continues to become one of the hidden gems in the greater Raleigh-Durham […]

WAKE FOREST, NC - Middleburg Communities announced it is slated to break ground this month on Hamlet Quail Crossing, a 260-unit BTR (built-to-rent) community in Wake Forest, North Carolina, part of the Raleigh-Durham MSA. The community will feature 234 detached cottages and 26 duplex units at full build out, and pre-leasing is expected to begin Q3 2025. Hamlet Quail Crossing will be the eighth BTR development that Middleburg has started during the past three years. The Raleigh MSA has attracted significant attention from capital and consumers alike and for good reason, said TJ Sedeski, Managing Director of Investments at Middleburg. The employment and education opportunities, pro-business policy, and work/life balance make it a compelling place to both live and invest and we believe we […]

ESCONDIDO, CA - Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that Marlowe Palomar Heights, the company's first Marlowe-branded apartment community in California, is now leasing with move-ins scheduled for fall 2024. Marlowe by Greystar provides suburban luxury living with quality brand new finishes, spacious and current amenities and modern design with easy access to urban conveniences. "We are excited to introduce our latest high-end community to the growing city of Escondido,"Jeff Carlson, Senior Associate, Development, Greystar, said. "Marlowe Palomar Heights offers versatile unique floorplans and premium amenities, filling a gap in the market for new, upscale rental options and […]

LAKEWOOD, CO - S2 Capital, a national vertically integrated multifamily investment manager, announced the acquisition of Dartmouth Woods, a 201-unit, garden-style multifamily apartment community built in 1990 and located in South Lakewood, one of the most attractive submarkets of Denver, CO. Terms of the transaction were not disclosed. Dartmouth Woods is located at 10025 W. Dartmouth Avenue in Lakewood. The property consists of modern two- and three-story buildings in an area of robust demographics with an average household income of $107,000, a median home price of $585,000 and highly-rated schools. S2 plans interior renovations that will include stainless steel appliances, modern lighting, new flooring and updated cabinets along with extensive renovations to the exterior and amenities […]

CHARLOTTE, NC - The Campbell, a 12-story, 117-unit boutique multifamily community in the heart of Charlotte's South End and adjacent to the charming Dilworth neighborhood, announced that it is now pre-leasing units with move-ins starting this month. Abacus Capital developed the project in partnership with JE Dunn Capital Partners and L&B Realty Advisors. Upon delivery, The Campbell will be professionally managed by Greystar. "We're very excited to begin pre-leasing at The Campbell,"Mason Ellerbe, a Partner at Abacus Capital said. "The boutique scale, unimpeded city views, designer finishes and unique and highly walkable location on the Dilworth side of South End will set this project apart from the multifamily stock that has historically been built in the submarket." The Campbell's […]

SUMMERVILLE, SC - Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, along with development partner Nuveen Real Estate announced the opening of Emblem Cane Bay North apartment community in Summerville, S.C. Emblem Cane Bay North is a Joint Venture between Quarterra and Nuveen Real Estate. Emblem communities were created by Quarterra to help address the nationwide shortage of attainable housing available to middle-income renters. The 312-home garden-style community has direct access to the Cane Bay Plantation bike and pedestrian trails, within convenient distance to neighborhood schools, retail centers, dining, employment hubs and prime commuter routes. The SmartRent-compatible community incorporates modern […]

INDIANAPOLIS, IN - Gray Capital announced the acquisition of Solana at the Crossing, a 384-unit class A apartment community built in 2014 and located on the northside of Indianapolis, Indiana. Solana is Gray Capital's eleventh apartment asset in the Indianapolis area. With three full-cycle multifamily investment projects completed in the Indianapolis area that have delivered exceptional returns for investors as well as seven active investments in the city and its surrounding suburbs, Gray Capital's experience and success within its home market is a large part of the success of the company. "Indianapolis is home base for Gray Capital. There is no market we know better or have greater passion for than Indy. For us to be able to acquire a beautiful, well-located property, like Solana, is the […]