Portman closed on the land to develop Meadow Glen Village, a 332-unit mid-rise multifamily community with retail and greenspace in Fairburn, Georgia. Portman will break ground on Meadow Glen Village this month and expects to deliver the project in June 2027.
Portman, known for its infill projects in urban markets, is changing course for this project. Portman’s Harvey Wadsworth explains, “This closing represents our current strategy of quality suburban development, highlighting our team’s ability to react and adapt to market cycles.”
Meadow Glen Village will include a variety of home types across nine buildings, each featuring its own dedicated parking. It will also feature a town green that is intended for public use. Two 6,000-square-foot retail buildings will be dedicated to food and beverage concepts.
Portman’s residential team has developed over 20,000 residential units.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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