Crescent Communities, in partnership with EDENS and NTT Urban Development, has broken ground on Novel Lulah Hills, a 303-unit multifamily community in Decatur, Ga. Commercial Edge reports the project is part of the redevelopment of the former North DeKalb Mall.
Novel Lulah Hills is the first vertical component of the project. The six-story building will offer studios and one-, two- and three-bedroom units, as well as 39,000 square feet of retail space on the ground floor. First move-ins are expected in late 2027.
The community will include the Mercantile Club, an interactive resident hub, as well as a a resort-inspired courtyard and pool with cabanas, a fitness studio called the Rose Room and the Gathering Place, a diner-inspired lounge.
Plans for the Lulah Hills redevelopment, which is on a 78-acre site, call for a total of 1,800 residential units, along with 300,000 square feet of retail and restaurant space, and a new Publix grocery store.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California