High Street Residential (HSR), the residential subsidiary of Trammell Crow Company(TCC), alongside partner Third & Urban, announced plans for Hillcrest, an 8.1-acre mixed-use development in Sandy Springs, Georgia. Scheduled to break ground in June 2025 and complete in 2027, this project, adjacent to City Springs, will deliver 362 apartment units, 30 for-rent townhomes, and over 18,000 square feet of retail space.
The townhomes will offer two- and three-bedroom floor plans with two-car garages and rooftop patios. Highlights will include a rooftop pool and clubroom with views of Sandy Springs and Buckhead, a golf simulator lounge, private movie screening room, sauna, state-of-the-art fitness center with Pilates studio, dog park, and a café-inspired work-from-home space.
Third & Urban will oversee the retail component, featuring a mix of high-end and casual dining, an ice cream shop, a coffee shop, a fitness studio, and a wine bar.
The development team includes partners such as Cooper Carry (architect), New South Construction (general contractor), and Citizens Bank (lender). Amy Fingerhut and her team at CBRE are handling the retail leasing.
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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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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