MOUNTAIN VIEW, CA – Cityview, a premier multifamily investment management and development firm, and Greystar, a global leader in the investment, development, and management of real estate, have sold a 164-unit mixed-use project in Mountain View, California. Elan Mountain View features a prime corner location in the heart of Downtown Mountain View as well as 11,000 square feet of fully occupied ground-floor retail space.
With its ideal location, ample amenities and unique retail offerings, Elan Mountain View has been extremely well received by residents and the surrounding community, said Sean Burton, CEO of Cityview. It s been a pleasure to partner with Greystar on this property and we look forward to seeing its continued success.
The community features studio, one-, two- and three-bedroom floorplans that include smart thermostats, keyless entry, quartz countertops, modern cabinetry, full tile kitchen backsplashes, wood vinyl plank flooring, stainless steel appliances and full-size washers and dryers. Select units feature street level walk-up entrances as well as private patios and balconies.
Elan Mountain View features extensive amenities, including a fully equipped fitness center, two-level club room that includes a billiards table and chef s kitchen, hammock lounge, edible garden pathway, private business center and a courtyard with lounge seating, an outdoor kitchen, fireplaces and a fruit garden. The property also offers 164 storage units to residents and secured access parking.
Located at 1030 Castro St., Elan Mountain View offers a primate location less than one mile from the Mountain View Caltrain Station and at the convergence of highways 101, 85 and 237, providing easy access to San Jose, The Peninsula and San Francisco. The area offers a true live-work-play lifestyle for residents, with Downtown Mountain View being home to more than 50 restaurants, bars and shops along with more than 1 million square feet of corporate tenancy. The property is within three miles of some of the fastest growing companies in the Bay Area, including Amazon, Google, Microsoft, Apple and Intuit.
Current onsite retailers include Rose International Market, Mr. Sun, Le s Alterations, Tanya s Hair Design, and Oh! Honey Macaron.
Cityview and Greystar originally broke ground on the development in 2016 and completed construction in 2018.
Category Archives: Hard Money Loans
Quarterra Multifamily Starts Leasing at 420-Unit Dryden Luxury Highrise Apartment Community in Denver’s Golden Triangle Neighborhood
DENVER, CO – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, announced the start of leasing at Dryden, a luxury community that blends urban activity and walkability with the elegance and culture of Denver’s thriving Golden Triangle Neighborhood.
Dryden is a 420-home high-rise community adjacent to Downtown Denver and featuring 9,241 square feet of leasable retail space. A sanctuary where a healthy lifestyle meets the opportunities of a metropolitan hub, Dryden positions residents amid destination restaurants and shopping, as well as art and music venues, sports stadiums, trails, parks and civic events. The community itself incorporates smart home technologies alongside timeless finishes and amenities tailored to create an unparalleled living experience.
“The design of Dryden didn’t skip on the details, from its expansive rooftop amenity space to the hot and cold plunge tubs on a vast amenity space dedicated to health and wellness,” said Nick Russell, Vice President of Development at the Quarterra Group. “Location is another strategic aspect of Dryden’s development. Nestled between CBD, Wash Park, Cherry Creek and Capitol Hill, in the city’s renowned Golden Triangle creative district, the community locale puts everything Denver has to offer right at residents’ fingertips. But the hustle and bustle of the city is checked at the door, because Dryden offers a sense of ease and tranquility within its walls.”
Dryden is just steps away from the shops, restaurants and entertainment at the Denver Pavilions, as well as the resurgent Golden Triangle neighborhood. Local restaurants with a regional appeal include Amayo and its modern Mexican food, Rioja with its inventive Mediterranean cuisine and wine list, Euclid Hall Bar & Kitchen gastropub, Cuba Cuba, Levin Deli, Mercantile Dining and Provision’s locally sourced dining and market, and Milk Market artisan food hall. The Denver Art Museum, Clyfford Still Museum and History Colorado Center offer a vast range of art and cultural education displays and programs. Dryden was aptly named after David Dryden, renowned Denver architect who designed more than 20 area schools, including the historic Evans School, which sits next door and will offer 100 parking spaces for planned retail and hospitality use in the area.
Empower Field at Mile High (home of the Denver Broncos), Coors Field (home of the Rockies) and Ball Arena (home to both the Nuggets and Avalanche) are all downtown adjacent, as is Elitch Gardens amusement park. The walking paths and lively events scheduled at Historic Civic Center Park provide outing opportunities, as do the flower gardens and sculptures at Sunken Gardens Park, and the outdoor fields and courts at Lincoln Park. The Cherry Creek Trail, Platte River Trail and subsidiary trails create a scenic network of routes for biking, running, walking, and exploring the city. Union Station Farmers Market, Cherry Creek Fresh Market, Denver Arts Festival, Cherry Creek Arts Festival, Westword Music Showcase and Underground Music Showcase are just a few annual events that contribute to the Downtown Denver energy. The nearby Denver Civic Center also offers eight main shows annually, as well as smaller events spread throughout the year.
Located at 1100 Bannock St., Dryden is in the Golden Triangle neighborhood, just south of Lower Downtown Denver (LoDo). The community is just three blocks from historic Colfax Avenue (US Route 40) — a main east-west thoroughfare through Denver, and less than two blocks from Broadway Boulevard, another cultural thoroughfare running north-south. The community also features easy access to Interstate 25, connecting to the rest of the metro area, as well as Fort Collins and Boulder to the north, and Colorado Springs to the south. Interstate 70 intersects I-25 just minutes north of the community, with access to the Rocky Mountains to the west and Aurora to the east. Light rail service is a short walk from the property, while regional bus routes traverse both Colfax and Broadway. Dryden features a six-level parking facility including 12 EV charging stations.
Dryden consists of a mix of studio, one- and two-bedroom apartments, as well as penthouse homes, ranging from 462 to 1,458 square feet. Upper floor homes include spectacular views of both Downtown Denver and the Rocky Mountains. Modern homes come equipped with smart thermostats, USB outlets in kitchens and remote-controlled smart shades in penthouses. Kitchen highlights include a stainless steel appliance package, quartz countertops, tile backsplash, undermount sinks with designer faucets, pendant lighting and under cabinet ambiance lights. Homes feature luxury vinyl plank flooring throughout, with carpet in bedrooms. Spa-style bathrooms are adorned with tile flooring and shower surrounds. Bedrooms include expansive closet space and select homes showcase floor-to-ceiling windows.
All Dryden residents will have access to an expansive pool and spa courtyard, complete with barbeque grills, gaming, fire pits, Wi-Fi and outdoor screens. A 19th-floor rooftop lounge, highlighted by indoor and outdoor social spaces, offers unmatched views of the city and majestic Rocky Mountains. Dryden’s health and wellness level features a full wellness spa, hot and cold plunge tubs, steam room, sauna, 24-hour fitness center and movement studio with space for yoga and other classes. Dryden also boasts a carefully curated art installation featuring local and national artists sourced by Ann Benson Reidy + Associates. Co-working stations with conference space and private offices equipped with the latest technology to support remote workers. An on-site Pet Parlour and Doghouse cater to pet owners and pampered four-legged residents. The community also includes a versatile workshop space, drycleaning lockers and package room.
Dryden is the seventh community currently under Quarterra management in the Metro Denver Area and will begin welcoming residents this summer.
Wood Partners Celebrates Grand Opening of 267-Unit Alta Wildhorse Ranch Luxury Townhome Community in Austin, Texas
AUSTIN, TX – Wood Partners, a national multifamily real estate development leader, announced the grand opening of Alta Wildhorse Ranch, a luxury townhome community located directly off U.S. Highway 290 and Texas SH-130. Alta Wildhorse Ranch marks the third Wood Partners property opened in Austin within the past year.
“We are excited to bring our latest community to Austin,” said Bart Barrett, Managing Director for Wood Partners. “Located down the street from downtown Manor and with easy access to the Austin metro, Alta Wildhorse Ranch is a luxury townhome property that fits in well with the small town feel of the local community.”
Alta Wildhorse Ranch is situated in an ideal location, with access to major employers, recreation and shopping. Nearby employers include Samsung Semiconductor, Dell Technologies and St. David’s Healthcare, and Tesla. Within minutes from the community are Walter E. Long Metropolitan Park, Manor Community Park, Shadow Glen Golf Club, Travis County East Metropolitan Park and McKinney State Park, all providing ample recreation opportunities from fishing and golf to picnic areas, scenic views and camping. Nearby shopping includes the historic Downtown Manor, The Domain in North Austin, and Mueller Development.
The community is made up of 267 townhome residences in one-, two- and three-bedroom floorplans. Each home features a walk-in closet and oversized living and kitchen spaces. Kitchens are equipped with stainless steel Energy Star appliances, custom cabinets, granite countertops, large undermount sinks with premium fixtures, and designer ceramic tile backsplashes. The townhomes will have one- or two- car garages, fenced yards, 9-foot ceilings and a full-size washer and dryer and select units include separate studies. Homes with tech packages will include Ecobee smart thermostats and smart dimmer switches. Penthouses have contemporary storefront windows with panoramic views.
Alta Wildhorse has a wealth of premium amenities, including a resort-style pool with tanning ledge and private cabanas as well as an outdoor kitchen with grill and bar area. The two-level clubhouse has a game lounge, TV room, kitchen and work-well space with reservable private offices and a conference room. The fitness center is two levels with top-of-the-line cardio and strength training equipment and a separate yoga/exercise room. Residents can further take advantage of the coffee bar and enclosed pet park while having peace of mind with the gated access and 24/7 maintenance.
S2 Capital Acquires Belle Rive Club Apartments and Vineyard Hills Multifamily Communities in Growing Jacksonville and Austin Markets
DALLAS, TX – S2 Capital, a national, vertically integrated multifamily investment manager, announced the acquisitions of two multifamily properties, including Belle Rive Club Apartments in Jacksonville, Florida, and Vineyard Hills in Austin, Texas. Terms of the transactions were not disclosed.
“The Austin and Jacksonville markets continue to demonstrate population and job growth, and combined with the repricing taking place in the multifamily sector, we believe these two properties have attractive risk/reward profiles and are an excellent value,” said Ryan Everett, Vice President of Acquisitions at S2. “We are planning operational improvements and value-add upgrades and renovations to both Vineyard Hills and Belle Rive Club Apartments.”
The 104-unit Belle Rive Club Apartments at 8715 Belle Rive Blvd in Jacksonville features one- and two-bedroom layouts, with modern appliances, air conditioning, a combination of hardwood floors and carpet, in-unit washers and dryers and a balcony or patio in select units. Residents also access community amenities including a pool, grilling area, dog park, equipped fitness center, clubhouse, car wash area and access to the nearby inland lakes as part of the Royal Lakes neighborhood. The property sits about ten miles southeast of Downtown Jacksonville, seven miles from the University of North Florida and is also in close proximity to numerous restaurants, The Avenues mall and Interstate-95, Route 152 and Route-115 for convenient connection to adjacent areas.
Spanning over 11-acres in Southwest Austin, Vineyard Hills is located at 7631 U.S. Hwy 290 West Austin with 202 units. The multifamily property offers spacious one-, two- and three-bedroom options, each with walk-in closets, a balcony, detached garages and select units with fireplaces, bay windows and tile floors. Additionally, the property features a pool, heated spa, picnic area with BBQ grills, an on-site laundry facility and a dog park. Surrounding Vineyard Hills, the Southwest Austin area has an array of shopping destinations, parks and schools, and is within 25-minutes from historic Downtown Austin.
Thompson Thrift Hosts Ribbon Cutting for 300-Unit The Depot Luxury Apartment Community in Growing Kansas City Submarket of Raymore
KANSAS CITY, MO – 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 Depot, a 300-unit Class A multifamily community in the Kansas City suburb of Raymore. The first residents began moving in during winter of 2023 and the community is nearly 30% leased.
“Thompson Thrift takes great care in all of the details—which is reflected in The Depot’s apartment features, community design and amenity offerings,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “Now, our onsite team looks forward to delivering in both big and small ways to create an environment for our residents that lives up to our promise of excellence.”
Located at 101 S Dean Ave, The Depot offers nine three-story buildings with one-, two- and three-bedroom apartment homes. Apartment homes feature premium interior finishes including gourmet bar-kitchens with quartz countertops, stainless steel appliances, tiled showers with glass doors, 9-foot ceilings, wood-inspired flooring, walk-in closets with custom wood shelving and full-sized washers and dryers.
The luxury-living experience continues throughout the community with a 24-hour fitness center, resort-style swimming pool and a dog park. Residents will also enjoy socializing and relaxing in The Depot’s speakeasy-inspired clubhouse.
The Depot sits adjacent to the Raymore Galleria, a 400,000-square-foot shopping center with many walkable shopping options. The community enjoys nearby access to Interstate 49, which provides residents with easy commutes to neighboring communities and major employers such as Cerner Corporation, Honeywell and Saint Luke’s East Hospital.
Thompson Thrift expects construction to conclude this summer. At the ribbon cutting, visitors were able to view model tours and see the professionally decorated clubhouse and community amenities. Additionally, in support of Thompson Thrift’s commitment to community outreach, they presented a check to Ronald McDonald House of Kansas City to aid their efforts in providing housing and hospitality for 91 families who are experiencing the journey of caring for a sick child.
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 $5 billioninto local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.
Wood Partners Expands Arizona Presence with Groundbreaking of Alta 87 and Alta Dove Valley Apartment Communities in Phoenix Market
PHOENIX, AZ – National multifamily developer Wood Partners announced the start of construction on Alta Dove Valley in Phoenix and Alta 87 in Gilbert, Arizona. These new communities bolster Wood Partners’ presence in Arizona, bringing its total to 24 starts in the state since the Great Financial Crisis.
“Phoenix has, and continues to, experience significant in-migration due to its favorable climate and thriving and increasingly dynamic economy,” said Todd Taylor, Managing Director for Wood Partners. “There is a significant housing shortage in the MSA and we will need many thousands of units over the coming years to solve it. Notwithstanding current market chop and challenges, we remain bullish on the mid-term and long-term wider Phoenix market and look forward to delivering these exceptional apartment communities into the coveted Gilbert and North Phoenix submarkets.”
Alta Dove Valley is located at 2725 West Dove Valley Road. The community is across the interstate from the Taiwan Semiconductor Manufacturing Company’s new $65 billion semiconductor fabrication facility in North Phoenix, which is expected to create approximately 6,000 jobs. The 380-unit multifamily building will include a mix of one-, two- and three-bedroom floorplans. Amenities will include a pool and spa, a state-of-the-art fitness center, coworking spaces, a two-story clubhouse and a sky deck. Alta Dove Valley broke ground in May 2024 and is expected to be completed in 2026.
Alta 87 is a 257-unit luxury multifamily development in Gilbert, Arizona, conveniently located on Arizona Avenue, minutes from both the 60 and 101. Amenities will include a pool and spa, a state-of-the-art fitness center, two pickleball courts, co-working spaces and a two-story clubhouse. Alta 87 is Wood Partners’ third community in Gilbert. The development broke ground in March 2024 and is expected to be completed in the first quarter of 2026.
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 100,000 multifamily homes with a combined capitalization of $21 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units.
Harbor Group Expands Florida Footprint with Acquisition of 350-Unit Ascend at Durbin Creek in Jacksonville Submarket of St. Johns
JACKSONVILLE, FL – Affiliates of Harbor Group International (HGI), a privately owned international real estate investment and management firm, announced the acquisition of Ascend at Durbin Creek, a newly-built 350-unit multifamily property located in the South Jacksonville suburb of St. Johns, Florida. The property is in lease-up and 86.5% occupied as of May 2024 and has averaged 20 new leases per month over the past year, demonstrating strong lease-up performance and demand for high-quality apartment housing in the Jacksonville market.
“As a new development with convenient access to employment and lifestyle destinations, we are confident in the ability to complete a successful lease-up,” said Yisroel Berg, Chief Investment Officer – Multifamily at HGI. “Given the rapidly growing population in the South Jacksonville area, we anticipate Ascend at Durbin Creek to maintain a strong renter base and achieve steady rent growth as the area continues to attract new residents.”
Ascend at Durbin Creek is proximate to major employment centers of Jacksonville, including Flagler Center and Southside, which together provide upward of 126,000 jobs. Notable employers in the area include: Baptist Health South, Citi, Deutsche Bank, JPMorgan and Bank of America/Merrill Lynch. Residents are also a short drive to Pavilion at Durbin Creek, an open-air retail strip center with over 700,000 square feet of retail with Phase II to be delivered over the next several years.
Developed in 2023, the property features stainless steel appliances, quartz countertops, modern tile backsplash, hardwood-style flooring, large walk-in closets and screen-in patios/ private yards. The property also offers a premier amenity package, including a 24-hour state-of-the-art fitness center, saltwater pool, poolside pavilion, dog park, EV charging stations, cybercafé, business lounge, game lounge and detached garages. HGI plans to increase the number of electric vehicle charging stations, add bike racks and turf to the pool deck.
Thompson Thrift Opens 344-Unit The BLVD at Wilson Crossings Luxury Apartment Community in Grand Rapids Submarket of Wyoming
GRAND RAPIDS, MI – 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 BLVD at Wilson Crossings, a 344-unit multifamily community in the Grand Rapids suburb of Wyoming. The first residents began moving in during winter of 2023 and the community is already 45% leased.
“The pace of initial lease up at The BLVD at Wilson Crossings demonstrates the desire for stylishly appointed, highly amenitized apartment living,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “We are thrilled with the warm welcome we have received so far and look forward to serving the needs of area residents for years to come.”
Located near the intersection of Wilson Ave SW and 64th St SW, just off Highway 6 and Interstate 196, The BLVD at Wilson Crossings offers spacious townhome-style apartments with up to four bedrooms. Apartment homes feature luxury finishes and that are on-trend with single-family homes including quartz countertops, tile backsplashes, stainless steel appliances, walk-in closets, full-sized washers and dryers. Many of the apartments also come with attached garages and private yards.
Conveniently located minutes from downtown Grand Rapids and Wyoming, The BLVD provides residents with convenient access to a tremendous variety of shopping and dining choices, abundant parkland, golf courses, and lots of family-friendly attractions and events.
Thompson Thrift expects construction to conclude this fall. At the ribbon cutting, visitors were able to view model tours as well as see the professionally decorated clubhouse, 24-hour fitness center, resort style swimming pool, pickleball courts, turf game lawn with fire pit and dog park. Additionally, in support of Thompson Thrift’s commitment to community outreach, they presented a check to Hand2Hand, a local non-profit delivering nutritious food to more than 12,000 West Michigan students facing hunger over weekends and on extended school breaks.
Mill Creek Announces Start of Preleasing at 210-Unit Modera Pomona Gated Apartment Community in Scenic Los Angeles Locale
POMONA, CA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera Pomona, a contemporary apartment community in Los Angeles County. First move-ins are slated for August.
The gated community, which includes 210 apartment homes and a refined suite of amenities, sits at 2710 North Towne Avenue on the southeast corner of the E. Bonita Avenue intersection. Positioned approximately midway between Los Angeles and San Bernardino, the commuter-friendly locale places residents in a scenic neighborhood within 10 minutes of a key transportation hub.
“Modera Pomona offers a scenic respite removed from the bustle of the city, yet close enough for residents to easily access a vast contingent of commuter options,” said Ryan Guthrie, senior managing director of development in Southern California for Mill Creek. “We’re eager to provide a best-in-class living experience in a relaxed, modern-inspired atmosphere and look forward to welcoming our initial residents to their new homes.”
Residents will have access to a multitude of transportation options to the greater metropolitan area, as three of LA’s primary thoroughfares—Interstate 10, Route 57 and Route 71—intersect the area. The nearby Pomona (North) Metrolink Station and Montclair TransCenter offer additional transportation options. The community is located less than two miles from Claremont Village, which is a desirable area for eateries.
Pomona’s thriving educational hub represents one of the area’s key employment drivers and includes California State Polytechnic University, Pomona (Cal Poly Pomona) and Western University of Health Sciences. Additionally, the prestigious Claremont Colleges, which combine for more than 10,000 students, are less than two miles from the community.
Modera Pomona offers one- and two-bedroom homes with den layouts available. Community amenities include a resort-inspired swimming pool, rooftop deck with fire pit and grilling areas, outdoor spa, landscaped courtyards, resident clubhouse, game room, Ping-Pong table, Bocce ball court, conference room, coworking spaces and a club-quality fitness center with cardio equipment and TRX system. Residents will also have access to Luxe package lockers, EV charging stations and several pet-friendly features, including a dedicated dog run, pet park and pet spa.
The community also features a variety of native and drought-tolerant vegetation that help conserve water. Plants include pine, oak, agave, bamboo, bougainvillea and more, which are strategically placed on the roof, around the park and in courtyards throughout the community.
Apartment homes include nine-foot ceilings, wood plank-style flooring, energy-efficient stainless-steel appliances, quartz countertops, tile backsplashes, kitchen islands, 42-inch custom cabinetry, walk-in closets, in-home washers and dryers, built-in shelving and private patios or balconies. Bathrooms feature soaking tubs, backlit mirrors, double vanities and linen closets. The community’s smart home package includes mobile app community entry, programmable thermostats, controlled guest-access technology and bulk Wi-Fi.
Suncrest Announces Grand Openings of Two Zora Living Build-to-Rent Luxury Communities in Charlotte and Phoenix Metropolitan Markets
PHOENIX, AZ – Suncrest, a leading residential master-developer, is making waves in Charlotte and Phoenix with recent grand openings of two exceptional, luxury rental home communities – the first in their planned national portfolio of Zora Living communities.
Zora University celebrated their Grand Opening May 25, and offers a selection of 108 one- and two-bedroom, craftsman-style homes, each featuring smart home technology, private entrance, and individually fenced and landscaped backyards.
The community, conveniently located near major employment hubs, includes an array of amenities, including a sparkling resort-inspired pool, outdoor grilling stations, fitness facility, yoga lawn, and open-air courtyards.
Sean Cooney, Suncrest Managing Partner, expressed his excitement: “Zora University redefines modern living, offering a unique blend of privacy through our single-family homes and convenience through exceptional management services. We are thrilled to bring this highly anticipated rental opportunity to residents in the Charlotte metro area.”
Zora Encanto celebrated their Grand Opening on April 13, and sets a new standard for sustainability and superior living. Located near major employment hubs, the 109 luxury, ranch-style, rental homes offer an impressive list of features including private entrances, private turf backyards, smart home technology, doggy doors, and more.
Beyond these amenities, Zora Encanto showcases its commitment to sustainability, utilizing HercuWall® technology, an innovative, panelized exterior and demising wall system offering superior strength, insulation, and efficiency compared to traditional construction methods.
Jason Rhees, HercuTech CEO, emphasized the benefits: “The HercuWall system absolutely differentiates Zora Encanto from competing products and highlights Suncrest’s commitment to building better and focusing on residents’ experience and well-being.”
Employing HercuWall will save over 35,000 kilograms of carbon emissions annually, reduce residents’ energy bills by over $15,000annually, and save 600+ trees in the community construction.
Mike Koch, Suncrest Managing Partner, expressed excitement about the HercuTech partnership: “We are extremely proud to offer our residents a higher level of privacy, soundproofing, significant energy bill savings, and other benefits that HercuWall offers.”