News

Halifax and West Community Council Approves 18-Building Mixed-Use Residential Project

Canada + Apartment Buildings

The Halifax and West Community Council has approved the 3,830-unit Regency Links mixed-use residential project, CBC reported. Located in the city’s Clayton Parks West area, the development plan calls for the units to be built across 18 buildings that range in size between 16 to 28 storeys. Well-known local developer Joe Rama’s Septra Incorporated is developing...

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Frisco’s $1.5B Firefly Park Taking Shape

Texas + Apartment Buildings

Firefly Park is making headway in north Frisco. Community Impact reports that development is progressing vertically on several aspects of the project, including Aurora, a high-rise multifamily housing development. Wilks Development is behind the project. Firefly is located between US 380 and PGA Parkway along the Dallas North Tollway. The development is expected to be...

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Vacant Jamaica Plain Church to be Repurposed into Mixed-Use Project

Boston & New England + Apartment Buildings

Pennrose and Hyde Square Task Force (HSTF) broke ground on the Blessed Sacrament redevelopment, which will transform the vacant 1913 historic church in Boston’s Jamaica Plain neighborhood into a mixed-use, mixed-income development. The community, expected to be completed by the end of 2027, will include 55 affordable apartments. The new community features a mix of...

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NYC Comptroller Raises Questions About Pied-a-Terre Tax’s Revenue Potential

New York & Tri-State + Apartment Buildings

The Mamdani administration’s proposed pied-a-terre tax could raise more than $500 million in revenues annually, but substantial variables in the design, implementation, and enforcement of the program could result in the estimate falling by as much as one-third, New York City Comptroller Mark Levine reported. The tax would be levied on an estimated 11,200 residential properties valued at $5...

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229-Unit Tempe Apartments to Open in September

Phoenix & Southwest + Apartment Buildings

Construction is expected to wrap up in September on Cabana Kyrene, a 229-unit multifamily project by Greenlight Communities. The project will be situated at the southwest corner of West Guadalupe and South Kyrene roads in Tempe. It is Greenlight’s first development in Tempe and the first workforce multifamily property in South Tempe. Cabana Kyrene’s rents will be for...

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Report: AvalonBay, Equity Residential in Talks for Possible Merger

Apartment Buildings

AvalonBay Communities Inc. and Equity Residential (EQR) are considering a potential combination that could reshape the US apartment market, Bloomberg News reported, citing sources familiar with the matter. The two REITs, which are among the biggest apartment developers in the U.S., have held exploratory talks over what would be one of the largest real estate...

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Kane Moving Forward on Two Cary Mixed-Use Projects

Atlanta & Southeast + Apartment Buildings

Kane Realty Corporation announced two proposed mixed-use developments in Cary: Flatiron, a seven-story apartment and retail building on Chatham Street in Cary’s West End, and 7001 Weston, a redevelopment of an aging office building into a five-story apartment community with ground-floor retail. Together, the two projects would add up to 488 new homes with retail....

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PMG, LNDMRK Score $126M Financing for Wynwood Condos

Florida & Gulf Coast + Apartment Buildings

PMG and LNDMRK Development secured $126 million in construction financing for Twenty Sixth & 2nd Wynwood Residences, an eight-story condominium rising at 2600 NW 2nd Avenue in Miami’s Wynwood neighborhood. The property will consist of 233 furnished residences. Expected completion is Q2 2028. Twenty Sixth & 2nd Wynwood Residences will be the first building to allow owners to...

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