The Daytona Beach City Commission approved rezoning 2,760 acres of vacant land for the Avalon Park Daytona Beach planned development. The development will feature 8,818 residential units and 1,091,150 square feet of commercial and non-residential space.
The residential units at the new development will consist of a mix of single-family units, townhomes and apartments.
The Jacksonville Business Journal reports the developer says it has plans for a charter school, a downtown, a shopping area, restaurants, a grocery store, recreation and more.
Construction is projected to generate 27,000 jobs and more than $1.1 billion in wages over the life of the project. Full build-out of the project is planned to take 20 to 30 years.
The same group developed Avalon Park Orlando (photo). The Orlando project includes approximately 3,400 single-family units, 1,431 multi-family units, and more than 500,000 square feet of commercial space.
Tamarack, a 23-unit apartment community at 211 N. Delaware Avenue in Wenatchee, Washington, has sold for $3.25 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team represented the seller, Dan Dahl. The 21,400-square-foot garden-style community is located steps from downtown Wenatchee and offers investors a value-add opportunity in a highly...
Learn more
Leading financial services provider Merchants Capital announced $97.8 million in financing for the rehabilitation of Stuart Gardens, a 491-unit, two-phased affordable multifamily property in Newport News, Virginia. developed by Vitus Group. Merchants Capital secured $62.8 million in U.S. Department of Housing and Urban Development (HUD) 221(d)(4) permanent financing and $35 million in equity bridge loans...
Learn more
Colliers announced the $17.5 million sale of 6700 Roosevelt, an 88-unit multifamily community directly across from the Roosevelt light rail station in Seattle’s Roosevelt neighborhood. Coverse Capital Investments acquired the property from 6700 Roosevelt LLC. Sam Wayne, senior vice president, and associates Dylan Luxenberg and Reed Gustavsen of Colliers, represented the seller and procured the...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Avison Young - CA - ON - Greater Toronto
California
California