C&C Development, in partnership with Riverside Charitable Corporation, announced the opening of Cartwright Family Apartments, a 60-unit affordable housing community on 1.6 acres at 17861 Cartwright Rd. in the Irvine Business Complex. The community is for households earning between 30% and 80% of the Orange County area median income (AMI), with a portion of units set aside for veterans.
Cartwright also includes a leasing preference for current Irvine residents or persons employed in the city. At its opening, Cartwright is 100% occupied.
For C&C Development, Cartwright is the firm’s second affordable community in Irvine. This latest development further supports Irvine policies that have made the city a model for diversity, inclusion, and housing access.
“This new community provides for a wide range of opportunities for families,” said Todd Cottle, principal, C&C Development. “We know how expensive housing can be, and by providing affordability, these individuals and families will benefit from Irvine amenities, including an outstanding school district. We hope Cartwright is a launch pad for their future.”
PCCP provided a $71 million senior construction loan to a joint venture between EMBREY Partners and Southstar Development for the development of Crossings Boulevard, a 360-unit apartment community located at 4101 Legacy Point Trail in Spring Hill, TN. Completion of the project is anticipated for Q1 2028. Spring Hill is about a half hour from...
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Western Wealth Capital (WWC) acquired two Tennessee apartment communities; the River City North Apartment Homes in Chattanooga, Tennessee, and Meadow Creek Apartment Homes in Goodlettsville, Tennessee, just north of Nashville. WWC and its investment partner, FSO Capital Partners (FSO), closed on the 192-unit portfolio for a purchase price of $20.7 million. The transaction was brokered...
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An affiliate of Hathaway Development has started work on The Exchange at Wyle Oaks, a 325-unit apartment community is Apopka, near Orlando. The project is one of the first at the 215-acre Wyld Oak mixed-use project. Financing for the approximately $71 million development includes a $47 million construction loan from Ameris Bank and $22 million...
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