HIC Starts Phase I of $300M, 2,600-Acre Savannah-Area Development
HIC Land broke ground on Carolina Station, a $300 million, 2,600-acre master-planned community on the Morgan Tract in Hardeeville, just north of Savannah.
The community will include over 650 multifamily units and more than 95 acres of commercial property, which HIC Land owns and intends to develop into a mix of retail, dining and lifestyle offerings to serve residents and the surrounding region.
The development will roll out in phases over the coming years. The project began with HIC Land’s $36 million acquisition of the historic Morgan Tract.
The community’s location offers access to the beaches of Hilton Head Island, the historic city of Savannah and rapidly growing employment opportunities across the Lowcountry, including the Hyundai Motor Group Metaplant America near Savannah, which held its grand opening in March and is projected to support up to 8,500 jobs.
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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...
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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...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout