Atlantica Properties and EQ Housing Advisors are revamping a 623-unit apartment building in Atlanta’s Buckhead district, stipulating that a large percentage of the units will be for affordable and workforce housing candidates. Formerly known as The Darlington along Peachtree Road, the high-rise property will be known as The Lofts at Twenty25 going forward. The Lofts at Twenty25 is roughly 80% occupied. The Atlanta Business Chronicle reports that in 2020, a developer bought the building, planning to turn the tower into luxury units, but abandoned that plan.
About 120 of the development’s units will be reserved for residents earning no more than 50% of the metro’s area median income. Other units will be available to those earning at or below 80% or 140% AMI. Additionally, 30% of the complex’s units will serve as workforce housing.
The Darlington was constructed in 1951 and was the city’s first residential high-rise developed post-World War II for working-class residents.
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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