NEWTON, MA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has acquired Modera Newton, a contemporary midrise apartment community located along the Charles River approximately nine miles west of Downtown Boston.
The community, formerly known as Allée on the Charles, features 205 apartment homes and was originally built in 2023, with a second building delivered in 2024. The community boasts a charming setting featuring immediate access to the Charles River Greenway and picturesque Forte Park. The commuter-friendly location is positioned less than seven miles west of Cambridge and offers direct connectivity to Boston via Interstate 90 (Massachusetts Turnpike).
“Newton is a great suburb within the broader Boston area with high barriers to entry and strong demographic trends,” said Kel Frazier, president of acquisitions for Mill Creek Residential. “We’re excited to welcome Modera Newton as our latest community addition.”
Situated at 2-4 Los Angeles Street, Modera Newton is amidst a locale known for its inviting atmosphere and strong emphasis on education and community. Newton features picturesque neighborhoods, high-performing schools and a wide variety of green spaces and recreational outlets. Major employers in the area include Newton-Wellesley Hospital, Boston College, Newton Public Schools and Brandeis University.
Modera Newton, composed of two buildings, offers studio, one-, two- and three-bedroom homes, including select live/work homes. The North Building is built to and is pursuing LEED Silver certification, while the South Building is Passive House certified, meeting standards of energy efficiency, comfort and affordability. Community amenities consist of a resort-style swimming pool, outdoor dining and grilling areas, conference room, private workstations, makers/art studio for creative projects, game area with shuffleboard and Ping-Pong, pet spa, indoor dog wash and a club-quality fitness studio with cardio equipment. Residents also have access to digital package lockers, bike room with storage and repair station, covered parking and public EV charging stations.
Home interiors include wood plank-style flooring, oversized windows, stainless steel appliances, quartz countertops, pull-down faucets, tile backsplashes, LED ceiling lighting, two-tone cabinets with black matte finishes, in-home washers and dryers, walk-in closets, programmable thermostats, key fob access, Butterfly MX™ intercom/video system and private patios or balconies. Bathrooms include soaking tubs, ceramic tiles, custom cabinets and wall-mounted LED fixtures above vanities. Select homes include glass showers.

AUSTIN, TX – Canyon Partners Real Estate announced that is has provided a preferred equity investment in a joint venture with Gilbane Development Company for the development of Aer, a 375-unit Class A multifamily project located in the South Lamar submarket of Austin, Texas.
The project is located approximately three miles south of downtown Austin along South Lamar Boulevard, an established corridor offering direct access to a variety of retail and restaurant amenities as well as nearby parks and hiking trails. The project is also conveniently positioned near major highways, including east-west Highway 71, north-south MoPac Expressway, and Interstate 35, allowing for seamless connectivity throughout the city and surrounding suburbs.
“Aer represents a unique development opportunity in Austin’s South Lamar submarket, a neighborhood characterized by strong demand yet limited new supply,” said Adam Moore, Vice President of Development at Gilbane. “As the city experiences continued growth and demand for high-quality rental housing, we are excited to partner with Canyon to develop the first eight story podium building on South Lamar.”
Canyon has been an active provider of debt and equity in Texas and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has capitalized ~$2 billion of total projects across all asset types in the state of Texas. Aer marks Canyon’s fourth investment in the Austin area over the past five years.

HOUSTON, TX – Cresset Real Estate Partners announced a joint venture with Fidelis Residential Partners, a division of Fidelis, to develop a nine-building, 252-unit multifamily community in Willis, Texas, which is in the greater Houston area. The project, named Fidelis Willis, is the latest development funded by Cresset’s third Qualified Opportunity Zone (QOZ) fund, Cresset Diversified QOZ Fund III (“Fund III”).
The Fund provides private investment capital in some of the fastest-growing economies across the country with the goal of maximizing long-term capital gains for investors. Its predecessor, Cresset Diversified Qualified Opportunity Zone Fund II closed with more than $650 million in equity commitments.
The Fidelis Willis development is part of a larger community known as Moran Ranch, located along the I-45 corridor and within driving distance of major employment centers in north Houston such as The Woodlands. It is also within a recently completed HEB-anchored power center, developed in partnership between Fidelis and CALSTRS.
The 252 units will be situated within nine, three-story apartment buildings, featuring 120 one-bedroom units, 114 two-bedroom units and 18 three-bedroom units, with nearly 250,000 square feet of rentable space. The project is shovel ready and expected to break ground in late 2024, with construction to be completed by Q3 of 2026.
In addition to state-of-the-art apartment design, Fidelis Willis’ amenities will include a 24-hour fitness center, clubhouse, pool, dog park, game room and more.
“The Houston market continues to experience strong population growth as well as attract a diverse set of top tier employers”, said Jason Ross, Managing Director at Cresset Real Estate Partners. “In the post-pandemic world that we live in, where remote and hybrid work is more common, we have seen compelling investment opportunities within the greater Houston MSA, such as Fidelis Willis, as more and more people look towards the suburbs and prioritize cost of living and quality of life. We are excited to partner with Fidelis and include the Willis project as a strong portfolio investment in a viable and high growth community.”
To date, Fidelis Residential Partners, based in Houston, has developed four communities and sold two, totaling 604 units in the Houston area to date. The Fidelis Willis property expands the firm’s footprint in the area.
“The growth the north side of Houston is experiencing is happening even faster than we anticipated. This project will provide a much needed housing component for that growth and is a great addition to the HEB anchored retail development Fidelis is currently constructing. We are excited to partner with Cresset on this project and believe this location is perfect for our long term hold strategy,” said Ford Allen, Vice President at Fidelis Residential.
Since its launch in March 2018, the Cresset Real Estate Partners’ QOZ program has invested over $1.2 billion of equity in projects totaling more than 5.2 million square feet and $3 billion of total gross market value. Cresset’s QOZ Funds are designed to provide access to investments in institutional, urban core real estate opportunities in high-growth markets.
OHT Partners, a general contractor out of Austin, Texas, has been engaged for the development of Fidelis Willis. With significant ties to the Houston region, OHT Partners has been contracted by Fidelis for two of their most recent multifamily developments in Houston.

TAMPA, FL – Experience Senior Living announced the beginning of construction on The Gallery at South Tampa, an artfully crafted senior living community located at 5049 Bell Shoals Road in Valrico, Florida. As ESL’s eighth community in Florida and fifth on the Gulf Coast, this vibrant new addition to the ESL portfolio will redefine what retirement living can be in the Tampa area. The community is expected to open its doors by the spring of 2027, with a sales center opening in early 2025.
Designed to be as unique as the residents it serves, The Gallery at South Tampa will encompass 240,613 square feet of artfully curated spaces, offering a diverse array of living options. The community will feature 202 homes, including 30 independent living cottages, 89 independent living apartment homes, 45 assisted living apartments, and 38 memory care suites.
“We are thrilled to begin construction on The Gallery at South Tampa, a community where residents will not just live—they will experience a life full of purpose, creativity, and connection,” said Phill Barklow, president of Experience Senior Living. “As with all of our Gallery communities, we have carefully crafted a space that emphasizes engagement, wellness, and the joy of living, all within an environment that sparks the imagination and encourages a vibrant, artful lifestyle.”
With intentionally designed spaces, The Gallery at South Tampa will offer an array of amenities to elevate both physical well-being and creative expression. Amenities include a saltwater outdoor pool, a professional beauty salon, a fitness center, pickleball courts, and a movie theater. Multiple restaurant venues offering indoor and outdoor dining options will feature exceptional culinary creations and a full-service bar. Residents will have access to a variety of activity spaces where they can engage in arts, culture, and meaningful connections. Local art will be featured throughout the campus, bringing the spirit of Tampa into every corner of the community.
Situated on a picturesque 17-acre site, The Gallery at South Tampa will be designed to preserve the grandeur of its existing oak trees, with winding walking paths providing residents opportunities to connect with nature together. Curated courtyards and private gardens will offer spaces to relax and enjoy time with new friends.

MIAMI, FL – Related Group, an internationally celebrated leader in urban development, and Rockpoint, a Boston-based real estate private equity firm, announced the completion of The Highley House, an exclusive, mixed-use haven nestled in the heart of Miami s vibrant Wynwood Arts District. Comprising 304 meticulously designed residences, more than 72,000 square feet of Class A office space, and 18,000 square feet of retail, the two-tower property blends the neighborhood s infectious creative energy with a sophisticated, private club-inspired lifestyle. Leasing is now underway.
Named after Locke T. Highleyman – the visionary behind iconic developments like Hibiscus and Palm Islands and the judge responsible for christening the area as Wyndwood in 1917 (later streamlined to Wynwood) – The Highley House is a love letter to the Magic City.
This is our tribute to Wynwood and Downtown Miami, said Jon Paul Pérez, President of Related. Inspired by one of Miami s visionaries, this community captures the city s vibrant energy and pairs it with striking design and exceptional amenities. The result is Wynwood s ultimate live-work experience. We re proud to once again break the mold and set a new standard for mixed-use development.
The Highley House is where bold design meets indulgent living, offering a hand-crafted mix of elevated style and indulgent experiences. At its core is a dazzling rooftop oasis, complete with a shimmering pool overlooking the Miami skyline, a summer kitchen and grill, a sleek bar, and a Sky Lounge perfect for sunsets and celebrations.
For those with a flair for entertaining, the property delivers with a refined private dining and wine room, as well as an intimate private cinema and media lounge. Wellness enthusiasts will revel in the cutting-edge fitness center, equipped with sleek NOHRD equipment and a tranquil yoga studio featuring FORME mirrors. For those seeking ultimate relaxation, the spa invites with a sauna, steam room, cold plunge, and custom treatment suites that promise to soothe the senses.
The surprises don t stop there. The building s one-of-a-kind creator studio awaits the visionaries—whether podcasters, musicians, or influencers—while the game room beckons with an extensive lineup of a golf simulator, air hockey, ping pong, shuffleboard, and billiards.
In true Related fashion, art takes center stage. The property boasts a museum-quality collection curated by the masterminds behind the Jorge M. Pérez Contemporary Art Collection. Among the treasures are vibrant murals by Chase Melendez and Joe Geis, mesmerizing light installations by David Guinn, and whimsical sculptures by the celebrated Ken Kelleher, ensuring every corner of The Highley House feels like a gallery-worthy moment.
Everyday convenience meets elevated living with features like on-site EV charging stations, private resident storage, automated package concierge, and tech-forward co-working spaces designed to make life effortless and extraordinary.
The Highley House offers a variety of layouts to suit every lifestyle, from stylish studios to expansive three-bedroom sanctuaries. Each residence exudes effortless elegance, featuring floor-to-ceiling windows, soaring ceilings, and luxe tile flooring that sets the stage for modern living. The heart of the home, the designer kitchen, is a masterclass in sophistication with imported Italian cabinetry, sleek natural quartz countertops, and premium Samsung appliances ready to inspire culinary creations. The indulgence continues in the bedrooms, where spacious walk-in closets meet serene primary bathrooms, creating a retreat that s as functional as it is chic. All homes are outfitted with Nest by Google thermostats and Latch keyless entry systems, seamlessly blending technology and convenience for a truly elevated experience.
Located at the epicenter of Miami s vibrant art scene, Wynwood is now among the fastest-growing residential markets in the Greater Miami area, with easy access to some of the city s best restaurants, craft breweries, shops, and entertainment venues. With an abundance of world-renowned murals by artists, 70+ art galleries, and boutiques, Wynwood has its finger on the pulse of the art world and the thriving tech scene. With a prime location directly on Wynwood s primary artery, The Highley is conveniently located within walking distance of Wynwood Walls, Wynwood Yards, and The Design District. Additionally, Miami Beach, Downtown Miami, and Miami s International Airport (MIA) are all reachable within a 10-minute drive.

RESTON, VA – Comstock Holding Companies, a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced that it is partnering with SCG Development Holdings to form a joint venture that will develop an affordable housing project located on land currently owned by Comstock at 41 Maryland Avenue in Rockville, Maryland. The property, located adjacent to Metro s Rockville Station on the Red Line, will be branded as Momentum @ Rockville Station and is slated to deliver well over 100 affordable housing units to the community.
The City of Rockville is working to expand housing options to help support the everyday heroes of our community, including teachers, firefighters, police offices, health professional staff, and other people who help our city, county, and state run, said Monique Ashton, Mayor of Rockville. We look forward to working with this joint venture [Comstock and SCG] to create more high-quality, transit-oriented, affordable housing that provides a safe place for residents to thrive.
SCG is a respected leader in affordable housing development that specializes in community-centered housing solutions. They have been involved in the successful development of more than 100 properties across the United States, including Momentum @ Shady Grove, a similar affordable housing project developed by SCG and Comstock that sits adjacent to the Shady Grove Metro station and was delivered in 2020.
Comstock and SCG entered into a definitive purchase agreement for Comstock 41, which was acquired by a subsidiary of Comstock in late 2023 for approximately $1.5 million. Pursuant to the purchase agreement, Comstock and SCG will enter into an operating agreement and a development agreement, under which Comstock will provide development management services to the joint venture. The Company will also be entitled to provide property management services once the development is ready for occupancy. The Comstock 41 transaction is expected to close upon approval of the construction plans by the City of Rockville. Financing will be arranged by SCG once the plans are approved.
SCG is excited to announce the launch of Momentum at Rockville Station, which is currently in the planning and entitlement stages, said Steven P. Wilson, President, SCG Development. The development will provide much-needed affordable housing that is close to retail and office space and walkable to the Rockville Metro Station. As we navigate the planning and approval process, we are fully committed to collaborating with Comstock and local government officials to ensure the project s success.
Comstock and SCG will work closely together with the City of Rockville to secure approvals needed to maximize the number of affordable units the joint venture will deliver to the heart of Rockville Town Center. This adheres to the project s vision to meet the City of Rockville s growing housing needs and underscores the ongoing commitment of Comstock and SCG to provide accessibility to affordable, transit-oriented housing options that help foster community growth.
We are thrilled to once again partner with SCG to deliver more high-quality, transit-oriented, affordable housing to Montgomery County s fast-growing population, said Christopher Clemente, Comstock s Chairman and Chief Executive Officer. Set alongside BLVD Forty Four and BLVD Ansel, Momentum @ Rockville Station will further expand Comstock s footprint in the vibrant Rockville Town Center neighborhood. We re helping to address the need for affordable transit-oriented housing.

DENVER, CO – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Cook Street, a contemporary midrise apartment community in the esteemed Cherry Creek North neighborhood.
Modera Cook Street, which will feature 110 apartment homes, sits in the highly desirable neighborhood surrounded by international retailers, high-end dining, boutique restaurants and tree-lined streets, while sitting only two miles south of Downtown Denver and its thriving employment core. First move-ins are anticipated for late 2026.
“Cherry Creek North is undoubtedly the place to be for high-end living in Denver,” said Scott Makee, senior managing director of development in Colorado for Mill Creek Residential. “The area possesses an unmatchable charm with its mountain and skyline views, distinguished setting and proximity to anything one might need within the city. We look forward to getting started on this truly unique development and offering a refined, top-of-market experience.”
Situated at 195 Cook Street at the corner of E. 2nd Avenue, Modera Cook Street features a superb Walk Score of 84 and sits two blocks from the nationally acclaimed Cherry Creek North shopping and entertainment district. The 16-block surrounding area features various art galleries, coffee shops, luxury hotels, high-end office space and more than 80 dining options. Additionally, a 50,000-square-foot Whole Foods is situated seven blocks from the community. The popular Cherry Creek Trail sits five blocks south.
Modera Cook Street will offer one-, two- and three-bedroom homes with thoughtful layouts and a generous average size of 1,264 square feet. The community will include 17 loft/penthouse apartment homes on the top floor.
Homes will include a variety of refined features, including nine-foot ceilings, gas fireplaces, wood plank-style flooring, upgraded Kitchen Aid stainless steel appliance packages, gas ranges with vent hoods, custom cabinetry, quartz countertops, tile backsplashes, pull-down faucets, pendant lighting, large kitchen islands with waterfall counters, in-home washers and dryers, Elfa® closet systems and private patios or balconies with sweeping view of the Rockies. Smart features will include a key fob system, smart thermostats and controlled-access guest technology. Bathrooms will feature floating vanities, tiled stand-up showers, double vanities, backlit mirrors and linen closets.
Approximately 85% of the homes will feature private outdoor space while 70% will offer large “outdoor room” style balconies. The 17 loft homes will include gas fireplaces on the terraces.
Community amenities will include a rooftop pool deck with panoramic views of the Denver skyline to the north and the Rocky Mountains to the west, hot tub and spa, grilling area, fire pit, fifth-floor resident social hub directly connected to the roof deck via an exterior staircase, demonstration kitchen, conference room, coffee bar, pet spa and a 24-hour club-quality fitness center with cardio equipment, yoga/Pilates studio and TRX system. Residents will also have access to private garage parking with EV charging stations, additional storage options, digital package lockers, dedicated bike storage, bike repair station and gear lounge.

OVERLAND PARK, KS – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of The Highlands, a 448-home garden-style apartment community in Overland Park, Kansas. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which is situated approximately 12 miles southwest of Kansas City along the Interstate 35 corridor.
“Hamilton Zanze is very excited to further expand its presence in the Kansas City metro through sponsoring the acquisition of The Highlands,” said David Nelson, president and chief investment officer at Hamilton Zanze. “Our KC portfolio continues to be a high performer in a turbulent national multifamily market. By sponsoring the acquisition of The Highlands, we expect to continue this trend by capitalizing on the submarket’s attractive apartment supply-and-demand dynamics and robust employment growth. Kansas City remains a target market for HZ’s investors, and we are excited for further portfolio growth in 2025 and beyond.”
Located at 10080 W. 80th Street, The Highlands was built in 2005 and offers one-, two- and three-bedroom apartment homes. Homes range in size from 791 to 1,452 square feet and include stainless steel appliances, built-in microwaves, hard-surface countertops, hardwood-inspired flooring, modern cabinetry, walk-in closets, full-size washers and dryers, ceiling fans, private patios or balconies and plush carpeting in the bedrooms.
Community amenities include two saltwater swimming pools, outdoor kitchen with grills, renovated clubhouse and gourmet kitchen, resident lounge with pool table, work-from-home spaces, theater room, tennis court, onsite pet park, eco-enhanced wildlife areas and a 24-hour fitness center with deluxe equipment and a yoga studio with spin bikes. The controlled-access community also includes rentable guest suites, rentable scooters and bikes, WiFi in common areas and detached garages.
Located just east of I-35 in the Highpoint Village neighborhood, The Highlands sits two miles west of downtown Overland Park. The downtown area features a variety of boutique retailers and an abundance of dining and entertainment options. The city also is home to the Overland Park Arboretum and Botanical Gardens and the Sprint World Headquarters Campus.

NEW YORK, NY – O’Connor Group of New York announced the launch of Elysian Watertown Square Residential Property Owner, a joint venture of O’Connor Group, FrontRange Capital Partners, and Takenaka Corporation. This 142-unit development at 53 Pleasant Street, Watertown, MA, will include a thoughtful mix of residential and retail space along vibrant Main Street.
Upon completion, the development will deliver 190,000 square feet of rental units, 15% of which will be allocated for households making 65-80% of the median income. The project will also include the renovation of a historic row house built in 1890, an undertaking that will convert the property into five for-sale condominium townhouse units with one set aside for affordable home ownership.
“We are thrilled to be bringing new market rate and affordable housing to a Main Street location like this in Watertown Square. With the help of our elected officials, town planning staff, and a first rate team of professionals we have designed a building in The Elysian at Watertown Square that we think will serve both new and existing Watertown residents for years to come – all in a fully sustainable program which sets the standard for new development in the area. With the help of great partners like Takenaka, FrontRange Capital, and Sumitomo, this type of housing development is a cornerstone of O’Connor’s future growth initiatives,” said John F. O’Connor of the O’Connor Group.
Developed to the highest sustainability standards, the property will be Passive House certified. The all-electric building will feature rooftop solar panels, structured parking with EV charging stations, and a transportation management plan to promote alternative options. Incorporating the resident-first experience created at Elysian at Stonefield, Elysian Watertown Square will offer a hotel-style lobby, a drop-off court with a porte-cochère entrance, meeting rooms, a clubroom, a coworking area, a state-of-the-art gym, a pet care spa, bike storage, and two rooftop terraces. The property will also include an art walk connecting Main Street to both Pleasant Street and The Charles River Walk.
“FrontRange Capital is very excited to partner with the O’Connor Group on another compelling development opportunity. Over the Company’s 40-year history, O’Connor has proven its ability to identify and capitalize attractive investments across the real estate spectrum. Elysian Watertown Square is another great example of their long-standing development track record, and we couldn’t be more pleased to be a part of this exciting project,” said Christopher Davis, Managing Principal of FrontRange Capital.
The five-story building is designed by ICON Architecture to embrace the aesthetic of Watertown through the inspiration of design elements inspired by the surrounding buildings. The Main Street side will include 6,500 square feet of retail space for a future restaurant and service-oriented retail. Additionally, O’Connor Group will work with the local art community to establish public art installations along the art walk where there is a boutique office/gallery space.
Elysian Watertown Square will be built by Dellbrook|JKS. Headquartered in Quincy, MA, the firm boasts more than 20 years of experience in the construction of residential buildings, including projects with Passive House construction standards. Construction of the project is expected to be complete in the Summer of 2026.
“The City’s recently adopted plan for Watertown Square recommended more housing to make the Square a lively destination and support our small businesses. The 104 Main Street development will bring more people into the Square and help us achieve the plan’s vision,” said Watertown city manager George Proakis.

PHOENIX, AZ – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for The Maddox in the Phoenix suburb of Buckeye on November 14, with Mayor Eric Orsborn in attendance. The first residents began moving into the 252-unit Class A multifamily community in the third quarter of 2024, and Thompson Thrift expects construction to be completed by January 2025.
“Thompson Thrift is well-versed in meeting the needs and desires of Arizona esidents after delivering a variety of luxury multifamily communities throughout the Phoenix area,” said Tamera Greene, vice president of community management, west for Thompson Thrift. “When residents choose The Maddox for their home, they will enjoy distinct features and amenities carefully curated to maximize style, luxury and convenience.”
Located at 23683 W Yuma Rd. near Interstate 10, The Maddox consists of seven, three-story garden style structures with 80 detached garages. The one-, two- and three-bedroom layouts average nearly 1,000 square feet and feature luxury amenities including gourmet kitchens with elegant quartz countertops, timeless tile backsplash, stainless steel appliances, designer fixtures and finishes, Alexa-compatible smart hub to integrate all smart devices, smart thermostat and smart door locks, walk-in closets, full-size washers and dryers, as well as patio, balcony, and private yard options.
At the ribbon cutting, visitors were able to view model tours and preview community amenities such as a professionally decorated clubhouse, resort-style heated swimming pool, 24-hour fitness center, Amazon Package Hub, thoughtfully designed courtyards, grilling stations, outdoor game area, firepits with seating area, a dog park, pet spa with grooming station, pickleball court and more.
In support of Thompson Thrift’s commitment to community outreach, they presented a check to local non-profit Special Olympics Arizona. Special Olympics Arizona has been serving the people of Arizona since 1975, providing year-round sports training and athletic competition in a variety of Olympic-type sports for children and adults with intellectual disabilities. Today they work with more than 21,000 athletes and nearly 25,000 volunteers, striving to create a better world by fostering the acceptance and inclusion of all people.
Thompson Thrift is a full-service real estate development company focused on multifamily, ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. For nearly 40 years, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.