Groupe HD and Fondaction have partnered on a $425-million multi-residential development in Montreal’s east end, the firms announced.
The partners intend to develop 1,200 suites on a 210,000-square-foot site at 5600 Sherbrooke Street East in the Mercier–Hochelaga-Maisonneuve borough.
More than 15% of the units will be designated as affordable housing. The development will target LEED Gold certification and will be carried out in two phases to align with the City of Montreal’s Assomption Nord Urban Planning Program.
Construction Praxis will serve as general contractor, with NEUF Architect(e)s leading architecture and BC2 handling landscape design.
CP Group, The Georgetown Company and fund manager ACRE, together with investment partner StepStone, acquired Mizner Park in downtown Boca Raton. Brookfield Asset Management was the seller. The acquisition of the 838,840-square-foot office, retail, and residential property represents a full-circle moment for CP Group, which originally developed Mizner Park between 1991 and 1999. Mizner Park...
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Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is...
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Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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