Frisco Railhead Developer Preps for Phase III
JPI has completed the first two phases of its new apartment community at Frisco Railhead. Jefferson Railhead is 60% leased, and Jefferson Parkhouse is 17% leased. Heady Investments is developing the project.
The Dallas Business Journal reports the two communities offer a total of 903 units. A third phase, currently in design, will add another 377 units. It isn’t expected to break ground until next year. JPI will bring 1,280 apartments to the mixed-use project rising along the Dallas North Tollway north of Main Street.
In addition to apartments, Frisco Railhead will feature a 17-story hotel with condominiums on the top two floors, 36,000 square feet of retail space, and approximately 1.5 million square feet of office space. Wallace Venture is developing the hotel and retail space. The hotel brand and operator have not been revealed.
HPI Real Estate Services & Investments and Bandera Ventures LP are partnering on 800,000 square feet of office space.
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Terra, Fortune Ink $220M Key Biscayne Condo Financing
Terra and Fortune International Group secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies for their planned ultra-luxury condominium development on the former Silver Sands Beach Resort property at 301 Ocean Drive in Miami’s Key Biscayne. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean...
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Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout