Core Spaces (“Core”), in partnership with Capstone Communities, announced a new master-planned, mixed-use development in Midtown Atlanta, located near Georgia Institute of Technology.
This multi-phase development will transform one of the last major undeveloped sites in Midtown into student housing. The first phase, led by Core, will include 1,600 beds and over 5,000 square feet of ground-floor retail.
The planned development will offer layered amenities and street-level retail. It will also include a third-floor amenity deck.
Dwell Design Studio has been selected as the architect for Phase 1, slated to be completed in 2029. Capstone Communities will lead Phase 2 of the development.
The Core ecosystem includes student housing, build-to-rent single-family homes, and ancillary businesses. Capstone Communities specializes in the development, construction and management of student housing, multifamily and mixed-use town centers across the country.
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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