Carbon Companies and Greenway Investment Company secured a loan for approximately $125 million to finalize the large-scale, luxury multifamily development, The Links on PGA Parkway, in Frisco, Texas. The loan, arranged by the Carbon Companies team, will be used to complete the final phases of the four-phase, 38-acre development.
The Links on PGA Parkway is located at 15950 Paramount Way in the heart of the Frisco Urban Village. The first two phases of the development (photo), which opened in December 2021 and October 2023, introduced 690 units and a two-acre city park. With financing secured for the final two phases, an additional 620 podium-style units will be constructed with 815 underground parking spots. Each building will be complete with its own wellness facilities and amenities. The Links on PGA Parkway will offer a total of 1,310 residential units after all phases of the development are complete.
The amenities include two pools with outdoor lounges, two clubhouses, two fitness centers, a grab-and-go market offering grocery essentials, and an advanced golf simulator.
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
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Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
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Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
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