The NRP Group broke ground on its newest luxury apartment community, a 312-unit development within the 10,000-acre Tradition master-planned community at 13661 SW Village Parkway in Port St. Lucie. M&T Bank provided construction financing. Group 4 Architecture designed the project.
This marks The NRP Group’s second development closing in Florida this year.
Situated on approximately 18 acres, the development consists of 10, 3-story buildings offering a mix of one-, two- and three-bedroom apartment homes ranging from approximately 720 to 1,300 square feet. Every residence will include either a private balcony or a fenced ground-floor yard.
Amenities include a 24-hour fitness center with both strength and cardio equipment, a swimming pool, coworking suites and dedicated work-from-home offices, a multipurpose resident lounge with a full kitchen, package concierge and storage facilities, outdoor grilling areas, as well as landscaped courtyards and gathering spaces.
Completion is scheduled for summer 2028.
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton and senior investment anaylst...
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