Crescent Adds Second Covington Rental Community
Crescent Communities has opened its second community, Render Turner Lake, in Covington. Multi-Housing News reports Crescent started construction on the five-building project last year using funds from a $44 million loan originated by Santander Bank in November 2023. That note is set to mature in October 2027.
Crescent debuted its first project in the community, Render Covington, in early 2024. That development is currently 90% leased and occupied.
Render Turner Lake consists of 300 apartment units offering one-, two- and three-bedroom layouts. Units range from 720 to 1,376 square feet and have private balconies or patios.
Shared amenities include a swimming pool, a community garden and a “Social Green” located at the center of the property featuring a volleyball court, and putting green.
Located at 7900 Kaplan Lane, Crescent Communities is close to several retail options and less than 2 miles from downtown Covington.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout