Metro State University in Denver is known as a commuter school. That’s about to change. Columbia Ventures and Auraria Campus are constructing a $115 million, 12-story building with 550 beds on the school’s campus. Called Summit House, the 200,000-square-foot student housing structure will be on an empty plot of land on Auraria Parkway, across from...
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Concord Summit Capital arranged $25.25 million in senior construction financing for Colonial Village, a new build-to-rent (BTR) community being developed in Katy. The funding represents an 88% loan-to-cost (LTC) execution, allowing the sponsor to retain full ownership without needing co-GP or LP capital. Concord Summit Capital’s Managing Director, Daniel Eidson, and Senior Analyst, Ben Applebaum,...
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David Blyth has joined GWL Realty Advisors as vice-president of corporate development and investor relations. Blyth brings more than 20 years of experience with expertise in institutional sales, relationship management, and investor engagement to Toronto-based GWLRA. The company said Blyth is taking on a newly developed role and will lead lead its capital-raising and client-servicing...
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Seattle-based developer Vibrant Cities has lost control of Roystone, a newer 93-unit mixed-use building located at the base of Queen Anne Hill. The eight-story property at 5 W. Roy St. was transferred via a trustee’s deed in a Chapter 11 bankruptcy sale. The buyer’s address corresponds to Citymark Capital of Cleveland. The recorded sale price...
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Manna, Inc. broke ground recently on S Street Village, an ambitious mixed-use redevelopment project that builds on a 40-year partnership with LISC, a national nonprofit financial institution. Funded in part by LISC DC, S Street Village will bring 90 new energy-efficient, affordable apartments to the site. Manna and the church will return home to the...
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Like many malls across the US, the Northlake Mall in the Atlanta suburb of Tucker has seen better days. Now owned by ATR Corinth Partners, the mall is in the middle of a revitalization effort. Trammell Crow Residential is pitching nearly 500 apartment units on 11 acres near the mall’s food court. The Tucker City...
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Sherman Residential acquired the Skye Suwanee Town Center apartment community for $65 million. The Atlanta Business Chronicle reports the company acquired the 9-acre property from Barings, which had owned it since 2021. Located on Buford Highway, the apartment complex comprises three residential buildings with more than 230 units. Terwilliger Pappas completed the project in 2019. It...
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Housing Trust Group (HTG) and Mount Hermon African Methodist Episcopal Church started accepting tenants at the Mount Hermon Apartments, a 104-unit, $43.5 million affordable housing community in Fort Lauderdale for seniors aged 62 and older. Located at 750 NW 4th Street, Mount Hermon Apartments offers one- and two-bedroom units for income-qualifying seniors earning at or below...
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