A joint venture between St. John Properties, Inc. and Somerset Companies has delivered the first phase of Melford Mansions, a luxury multifamily community within Melford Town Center in Bowie, Maryland.
The initial delivery includes four five-story buildings offering 197 studios and one-, two-, and three-bedroom residences ranging from 516 to 1348 square feet. Upon final completion, Melford Mansions will feature eight buildings totaling 435 apartment homes.
Melford Mansions was co-designed by Architects Collaborative and KTGY. Aumen Asner, Inc. oversaw interior design, St. John Properties’ in-house multifamily construction division completed all general contracting activities, and Bozzuto Management is the leasing and property manager.
Melford Mansions represents the sixth joint venture partnership between St. John Properties and Somerset Companies. Melford Mansions is adjacent to Aspen at Melford Town Center, a 388-unit luxury multifamily community delivered by the group in 2023.
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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