The Davis Companies has formed a strategic joint venture with an institutional investment partner to develop The Clayborn, a 289-unit multifamily development in Medford, MA. To be completed in phases, the project will rise on a 3.5-acre former industrial parcel and will be built to Passive House standards.
The project will feature a mix of studios, one- to three-bedroom apartments, along with six townhomes, situated near transportation options, employment hubs and retail. The variety of housing types was deliberately tailored to address the wide reach of Greater Boston’s housing crisis, according to Davis.
“This project will effectively transform an underutilized site into a thriving residential destination that addresses the region’s housing needs, contributes to Medford’s growth and enhances infrastructure for both current and future neighborhood residents to enjoy,” said Pat Noone, VP of development at Davis.
The project team includes Plumb House as general contractor, CUBE 3 as architect, Bohler as civil engineer, WSP as mechanical engineer and H+O as structural engineer. Delivery of Phase 1 is expected August 2027, with full completion projected for November 2027.
Northwood Ravin demolished a dated Charlotte public library in order to make way for a 300-unit apartment development. The Charlotte Business Journal reports the plan is to include 21,400 square feet of retail as well. The 4.5-acre south-end property is at 101 Scaleybark Road. The retail component is part of a larger mixed-use development that...
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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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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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