3-Phase Tampa-Area Apartment Project Lands Financing
McDowell Housing Partners (MHP) closed financing allowing the building of the first phase of Ekos at Bayonet Point, a three-phase master-planned affordable housing community comprising 360 units. Ekos at Bayonet Point is located along the west side of Lakeshore Boulevard in Hudson, Pasco County, Florida.
Ekos at Bayonet Point Phase I will deliver 114 senior apartment homes in a four-story building, providing housing options to seniors with incomes at or below 60% of the Area Median Income (AMI). Enhanced community amenities will feature a standalone clubhouse with a large pool, dog park, fitness center, arts and crafts area, and computer lab. Ekos at Bayonet Point is expected to be completed in the third quarter of 2026.
The development was financed with 9% housing tax credits issued by Florida Housing Finance Corporation, and purchased by Truist Community Capital, a Truist Bank construction loan, and a Freddie Mac permanent loan originated by Grandbridge Real Estate Capital.
Other News
Trademark, Morgan Advancing 362-Unit Oak Lawn Rental Community
Trademark Property Company and Morgan broke ground yesterday on a 362-unit Class A multifamily community at 3900 Lemmon Avenue in Dallas’ Oak Lawn neighborhood, adjacent to Turtle Creek. The first residences are expected to be completed in fall 2028, with full delivery in the second quarter of 2029. Costs for the project are estimated at $100...
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CP Group-Led Team Buys Massive Boca Raton Mixed-Use Project
CP Group, The Georgetown Company and fund manager ACRE, together with investment partner StepStone, acquired Mizner Park in downtown Boca Raton. Brookfield Asset Management was the seller. The acquisition of the 838,840-square-foot office, retail, and residential property represents a full-circle moment for CP Group, which originally developed Mizner Park between 1991 and 1999. Mizner Park...
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Greystar, Vantage Acquire Chamblee Property for 340-Unit Multifamily Community
Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout