Alliance Residential acquired a 20.4-acre site at 12420 Hambright Road in Huntersville from American Asset Corp. for $8 million. The Charlotte Business Journal reports Alliance will build a 358-unit garden-style apartment community there called Broadstone Bryton.
The development will include one-, two- and three-bedroom units across 10 three-story apartment buildings. Floorplans are expected to range from 700 to 1,400 square feet. The property will also have a freestanding clubhouse, fitness center, clubroom, game room, coworking offices, resort-style pool, outdoor kitchen with grilling stations, dog park, pickleball court and community green space.
The project will be adjacent to American Asset Corp.’s mixed-use development Bryton Town Center and within the 450-acre Bryton master-planned community, which includes residential neighborhoods, retail centers, walking trails and entertainment.
Units are expected to begin delivering in the second quarter of 2028.
The acquisition was one of four properties the firm plans to close on in 2026.
Fortune International Group and Blue Road delivered Nexo Residences, a 16-story short-term rental condominium in North Miami Beach. Built by KAST Construction, the development will soon welcome its first owners and guests. Located at 13899 Biscayne Blvd., the 254 units are delivered fully furnished. Studio to three-bedroom floorplans, along with a collection of three- and four-bedroom townhomes, range from...
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PTM Partners closed on a $125 million construction loan from GID to finance EDGE Collective II, a 330-unit Class AA multifamily high-rise including 19,000 square feet of retail space in downtown St. Petersburg’s EDGE District. Berkadia arranged the three-year, floating-rate construction loan on behalf of PTM Partners. The financing was arranged by Scott Wadler and...
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Boston continues to be a hub for office conversion enthusiasts, with Kendall Capital planning to convert a landmark office building in Boston’s Financial District into a 155-unit residential property. The 155,000-square-foot project would be financed through historic tax credits, according to a report by Banker & Tradesman. Kendall Capital manager Mai Luo acquired the property...
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