BlackStone Communities is prodding the town of Prosper to adopt its plans to recreate an Italian Village.
The Marco, a proposed 143-acre mixed-use development, is slated for the northeast corner of the Dallas North Tollway and US 380.
Community Impact reports plans for the development include a public square, retail, single-family and multifamily housing, a performing arts venue and a hotel, all centered around a lagoon with canals big enough to navigate by boat. Marco’s defining feature is its lagoon and canals, which span over 15 acres.
The Marco features a mix of housing options with the total number of residential units capped at 4,400. They include:
The Marco also includes a significant office, commercial and entertainment component. In addition to office condos for smaller companies, conceptual plans for The Marco show two larger campuses with separate parking designated for corporate headquarters.
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton and senior investment anaylst...
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