BB Living has plans to take over an underutilized stretch of parking lot at the Avenues at Northfield retail center and build 217 townhomes. The retail center, formerly known as The Shops at Northfield, is being converted into a mixed-use development that includes retail, housing and a fitness center. Luxury athletic club Life Time is expected to open in the development in 2027.
The townhomes would each have three or four bedrooms with floor plans ranging from 1,900 to 2,200 square feet, according to planning documents. The community will include a central amenity area and other open spaces. Planned amenities include two clubhouses, a pool, spa, fitness center, dog park and a playground.
Norris Design submitted the updated plans. KTGY the architect attached to the development.
The Avenues at Northfield is an 87-acre property at 8340 E. Northfield Blvd. with 1.1 million square feet of retail space. Stockdale Capital Partners acquired the center in 2022 and immediately began looking for more than just retail opportunities.
Tamarack, a 23-unit apartment community at 211 N. Delaware Avenue in Wenatchee, Washington, has sold for $3.25 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team represented the seller, Dan Dahl. The 21,400-square-foot garden-style community is located steps from downtown Wenatchee and offers investors a value-add opportunity in a highly...
Learn more
Leading financial services provider Merchants Capital announced $97.8 million in financing for the rehabilitation of Stuart Gardens, a 491-unit, two-phased affordable multifamily property in Newport News, Virginia. developed by Vitus Group. Merchants Capital secured $62.8 million in U.S. Department of Housing and Urban Development (HUD) 221(d)(4) permanent financing and $35 million in equity bridge loans...
Learn more
Colliers announced the $17.5 million sale of 6700 Roosevelt, an 88-unit multifamily community directly across from the Roosevelt light rail station in Seattle’s Roosevelt neighborhood. Coverse Capital Investments acquired the property from 6700 Roosevelt LLC. Sam Wayne, senior vice president, and associates Dylan Luxenberg and Reed Gustavsen of Colliers, represented the seller and procured the...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Avison Young - CA - ON - Greater Toronto
California
California