Ryan Starts Work on 350-Unit Fort Myers Rental Community
Ryan Companies celebrated the financial closing and commencement of construction on Trailside at Dia Crossing, an eight building, 350-unit multifamily community located at the gateway to Estero at U.S. 41 and Alico Road, in Fort Myers, Fla. The project is expected to be move-in ready by the first quarter of 2027. U.S. US Bank is providing construction financing for the project.
The amenities include a central park, 30-acre nature preserve, kayak launch to Estero Bay, fitness center pool and 9,500-square-foot clubhouse.
Trailside at Dia Crossing prominently sits on one of the busiest intersections in Lee County, minutes from Gulf Coast Medical Center and Florida Gulf Coast University. The community offers residents access to a wide range of local landmarks, including the Spring Training homes of the Boston Red Sox and Minnesota Twins. The community is well-situated for daily life and travel, with more than 16 grocery stores within a 4-mile radius and Southwest Florida International Airport a short drive away.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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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