Kane Realty Corporation, in partnership with Mitsui Fudosan America (MFA), broke ground on The Strand, a 20-story mixed-use residential tower in Kane’s planned mixed-use district.
With views of North Hills and Downtown Raleigh, The Strand will introduce 362 luxury rental units, including penthouse homes, and nearly 9,000 square feet of ground-level retail space. A 6th-level amenity deck will feature a resort-style pool, grilling area, activity lawn, and fitness center. An 18-level reserve clubroom will include a bar, dining area, and outdoor terraces. A top-level speakeasy will be an exclusive amenity for penthouse residences.
The Strand is expected to welcome the first residents in the summer of 2027. Plans for a second phase of development on the site are already underway. Rule Joy Trammell + Rubio is the architect for the project, and Balfour Beatty is the general contractor.
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
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Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
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Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
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