Toro Advancing on Johns Creek Mixed-Use Development
Toro Development Company (TDC) has closed on the financing for Medley’s second phase, known as “Encore,” and added seven brands, bringing the total number of executed leases to 37, representing 78% of the project’s retail space and 82% of the office space. Encore will open in 2027.
Medley is located at the intersection of Johns Creek Parkway and McGinnis Ferry Road. At full build out, the project will encompass 145,000 square feet of retail and restaurant space designed around 881 rental units, featuring a mix of townhomes and apartments; a 150-key boutique hotel; 110,000 square feet of lifestyle office space; and a 25,000-square-foot Plaza that will be activated with up to 200 events per year.
Medley’s first phase, including the office space, 340 multifamily residences and 125,000 square feet of retail, will open by October. The hotel’s opening is slated for 2028.
TDC and its capital partner Ascentris closed on the $90 million construction loan for Encore earlier this month.
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...
Learn more
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...
Learn more
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...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout