A joint venture of PCCP, Trinitas Ventures, and Peninsula Investments has announced the ground-up development of Avanza at Hyde Park, a 237-unit community in Noblesville, Indiana.
The project is currently under construction with completion anticipated in Fall 2027. Avanza at Hyde Park is Trinitas’ first build-to-rent development project under its AvanzaSM brand.
Upon completion, the villa and townhome community, situated on 25.5 acres, will consist of a mix of one-, two-, and three-bedroom villas and two- and three-bedroom townhomes. The property will feature fenced backyards, double vanities in primary bathrooms, nine-foot ceilings, in-unit washer and dryers, stainless steel appliances, and quartz countertops.
“PCCP believes this is an opportunity to align with experienced partners to deliver a thoughtfully designed, Class A BFR community in one of the Midwest’s most affluent submarkets,” said Andrew Barbakoff, a Senior Vice President with PCCP.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences 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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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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