BOERNE, TX – Morningside at Menger Springs is expanding its senior living campus with 86 new independent living terrace homes, an amphitheater, a dining venue, a fitness center, pickleball court and a covered pool.
Owned and operated by Morningside Ministries, Menger Springs is the area’s only life plan community to offer higher levels of care on the same campus. The upcoming expansion will incorporate an additional eight acres adjacent to the community’s 34-acre property near Menger Creek. Construction is slated to start in November, with occupancy planned for summer 2025.
Project leaders took a hybrid approach to developing the terrace homes by blending concepts from the community’s existing independent living offerings. The plan features four two-story residential buildings with one and two-bedroom floor plans ranging from 946 to 1,751 square feet.
“Menger Springs currently has cottages and apartments, so we wanted to introduce a unique residential option for active older adults that’s walkable, pet-friendly and stands apart from conventional apartment-style or high-rise living,” said Brooks Powell, executive director.
Plans include manicured and natural outdoor spaces, lush courtyards, pocket parks, front sidewalks and paved walking trails connecting the new development with the rest of the Menger Springs campus and amenities.
Within each of the four residential buildings is an activity room where residents can gather for happy hours, card games or other social activities. All terrace homes will boast elevated finishes, walk-in closets, a washer and dryer, a walk-out patio (first-floor) or balcony (second-floor), and a sunroom.
“The sunrooms are a special feature because they’ll be fully climate-controlled and seamlessly blend with the living area space,” said Brooke Craig, marketing director. “With windows on three sides, they’ll also provide plenty of natural bright light, which we know from our focus groups that residents love.”
While the terrace home expansion is for active older adults who live independently, anyone who moves into the community will have priority access to higher levels of health care if they ever need it, including assisted living, long-term care or short-term rehabilitation.
Complementing the terrace homes are common areas where residents can relax, dine, stay active, socialize and soak up the scenery. Plans include a residential clubhouse with a dining and bar area, commercial kitchen and 120-seat community room.
Other new amenities – accessible to residents campus-wide – include a fitness center, pickleball court, heated covered swimming pool and an amphitheater. The versatile space will provide a backdrop for outdoor programs — from concerts and plays to movies and worship services.
Architectural design elements include metal, wood, stone and stucco – exterior materials consistent with the region’s Texas Hill Country aesthetic. ;San Antonio-based Metropolitan Contracting Company is the general contractor for the project. Global firm HKS is the design architect.

SAN DIEGO, CA – MG Properties, a leading real estate investment and management company, announced its recent acquisition of Artist Walk Apartments, located in Fremont, California.
Artist Walk is a 185-unit mixed-use community with 30,000 sq. ft. of ground floor retail, completed in 2017. Strategically situated in the heart of Fremont, the dynamic mix of popular local retail tenants has created a vibrant mixed-use community, supporting a sense of community, and providing onsite amenities for residents.
“We are thrilled to welcome Artist Walk Apartments to the MG Properties portfolio,” said Jeff Gleiberman, President of MG Properties. “We continue to believe in the long-term economic potential of the Bay Area and are pleased to add another high-quality property to our portfolio there.”
The seller, Clarion Partners, was represented by Jason Parr, Seth Siegel, and Scott MacDonald of Cushman and Wakefield. Financing for the transaction was provided by Freddie Mac and arranged by CBRE Capital Markets’ Andrew Behrens, Jesse Weber, and Stephen Baird.

TAMPA, FL – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that Marlowe South Tampa, the latest Marlowe-branded apartment community, has begun pre-leasing.
“Marlowe South Tampa is a unique community, featuring an expansive amenity courtyard with a resort-style pool, private cabanas and relaxing outdoor lounge spaces, as well as more than 12 acres of protected ponds and wetlands surrounded by natural vegetation and inhabited by local wildlife,” Alexandra Kozak-Mehta, Director, Development, Greystar, said. “We know outdoor space is more important than ever for our residents, which is why we designed so many outdoor amenity options and have private screened in balconies in nearly every unit. We have built a sophisticated community with high quality finishes inside and out that we know residents will love, and we can’t wait to start welcoming them home.”
Marlowe South Tampa will offer studio, one-, two- and three-bedroom floorplans as well as two- and three-bedroom townhomes. Apartment homes will feature outdoor spaces, quartz countertops, luxury vinyl tile flooring, Nest thermostats, smart locks and keyless entry as well as keyless guest access. Screened-in porches are available in some residences. Some apartment homes feature views of the nature preserve.
The community is just minutes from Bayshore Blvd., the longest continuous sidewalk in the United States, where residents can take in views of the city skyline, the water and enjoy a variety of recreational activities. Hyde Park Village provides high-end specialty shops, restaurants and entertainment just a short drive away and nightlife is just minutes away in SoHo.

REDMOND, WA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in joint venture with QuadReal Property Group, announced key milestones at two luxury communities in the Marymoor submarket of Redmond.
Spectra, a luxury mixed-use community at 17620 Northeast 69th Court, the first apartment community to open in the core of the emerging Marymoor Village, opened its third and final phase with delivery of the 187-home West Building.
Less than a mile away, The Piper, a 284-home luxury community directly fronting renowned Marymoor Park at 17305 NE 67th Court, reached the topping out point in its continued construction. The community is due to complete in H1 2024, with first residents welcomed shortly afterwards.
“Quarterra and QuadReal are excited to lead delivery of high-quality housing for people looking to relocate to the burgeoning Marymoor Village,” said Brad Reisinger, Regional President for Quarterra. “Between Spectra and The Piper, we are introducing more than 730 apartment homes to the neighborhood, including 74 affordable homes for low and moderate-income households. We are committed to creating a sense of place in Marymoor Village that integrates great housing with investment in public infrastructure, prioritizes local small business retail and showcases public art.”
Daniel Gliksman, Managing Director, Americas-East at QuadReal, added: “The multifamily sector has been, and remains one of our strongest convictions, underpinned by favorable demographic trends. We continue to look for opportunities to work alongside best-in-class developers and deliver high quality residential real estate in fast growing and desirable neighborhoods.”
Marymoor Village was rezoned in anticipation of a nearby Link Light Rail Station, which will provide unprecedented connectivity with the surrounding region. Spectra, comprising of 450 apartment homes and 37,259 square feet of retail space, offers the modern conveniences and amenities of living found in urban podiums with the openness and outdoor features provided in suburban garden communities. Onsite amenities include an outdoor pool, multiple playgrounds, fitness center, pea patches, dog run, several club rooms, a rooftop lounge, and an expansive co-working area.
The apartment homes include new concept designs while offering interior finishes that rival those in downtown towers. Additionally, residents and the public alike can enjoy an extensive public art offering including multiple murals, an interactive light sculpture and bespoke art balconies.
Located at the neighborhood’s front door and directly across the street from the under-construction light rail station, Spectra offers a curated retail mix that includes BrightHorizons daycare, Stone Korean Restaurant, Sasquatch Strength and Phenix Salon Suites, with two additional retail spaces available to lease. Spectra residents also enjoy direct pedestrian access to Whole Foods Market, as well as Downtown Redmond and the Redmond Town Center via the East Lake Sammamish Trail.
“Quarterra and our partners could not be more proud of how Spectra came together and its positive reception from our residents, the neighborhood, and the City of Redmond,” said Reisinger. “We wanted Spectra to play an integral role in Marymoor’s evolution, and we’re excited for the community and its residents to help shape and influence the direction of this incredible locale.”
The Piper, which directly fronts the 640-acre Marymoor Park and its sports facilities, trail system, dog park and concert venue, will similarly beckon residents to engage with their surroundings. The Piper’s amenities will virtually cascade into the park, with an emphasis on open-air experiences including an outdoor plaza and resort-style pool and spa overlooking the park.
The Piper’s 284-homes trend larger than those at Spectra and many are designed to cater towards those needing more space. The community is divided between two five-story mid-rise buildings separated by a pedestrian art walk, highlighted by murals, sculptures and other works from eleven different artists. The community will also house an artists in residence program in a dedicated space along the art walk.
Spectra is currently open and available to lease, while The Piper will complete construction next year and welcome its first residents in mid-2024.

FAIRFAX, VA – GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of Arbors at Fair Lakes, a 282-unit, community located in Fairfax, VA, which will be rebranded as Windsor Fair Oaks.
The garden-style community has a rich assortment of lively amenities, such as a clubhouse, pool and sundeck, 24-hour fitness center, dog park, tennis court, two outdoor grilling stations, a complimentary shuttle to the Vienna Metro and a half-mile nature trail.
Conveniently located just outside of Washington, D.C., Windsor Fair Oaks provides easy access to major employers in Tyson’s Corner, Reston/Herndon, the Rosslyn-Ballston corridor, and National Landing/Pentagon City through major interstates I-395, I-95, and the Capital Beltway. With Whole Foods anchored directly across the street and four additional retail centers with 5.3MM sq ft within two miles of the community, residents are able to enjoy a wide variety of entertainment, dining, fitness, and shopping options.
This acquisition enhances GID’s portfolio within the bustling DMV submarket of Fair Lakes, a masterfully planned community with over 2.5MM+ sq ft of office/hotel space, 1MM+ sq ft of retail, and over 3,000 multifamily and condominium residences. According to Niche’s suburb rankings, Fair Lakes has an A+ rating and is ranked within the top 15% of suburbs in Virginia, helping to create a deeper sense of home for future residents.

PHOENIX, AZ – Locale, the upscale apartment-style hotel brand and management company, and The Dinerstein Companies (TDC), a national real estate and development company, announced the expansion of their partnership with the launch of Locale Midtown Phoenix, offering upscale furnished apartments for short and extended stays within the Aspire Park Central residential community.
Locale Midtown offers 27 upscale furnished apartments within walking distance of Creighton University and St Joseph’s Hospital and Medical Center and is now accepting reservations for guest stays. Blending the comfort of home and convenience of a hotel, Locale’s apartment-style accommodations feature fully-equipped kitchens, in-unit washer-dryers, self check-in, modern design, and premium amenities. The luxury property includes a resort-style pool and fitness center plus a Sky Deck with expansive views of Downtown Phoenix.
This launch comes on the heels of the partnership’s latest project in Nashville, Locale The Gulch, that converted the fifth floor of Aspire Gulch, Dinerstein’s luxury residential building into upscale apartment-style rentals.
Dinerstein and Locale first established a partnership in 2016 and have successfully launched furnished, apartment-style accommodations at eight properties, with more locations to come in 2024.
“Our goal is to always partner with best-in-class companies for all our assets. Since our initial rollout with Locale seven years ago, they have continued to show a similar mindset as us by approaching everything with the customer experience at the forefront within our buildings”, said Clay Hicks, Partner and President of TDC Management. “We continue to keep our pulse on the short-term rental business within the national markets we are in and believe Locale is the company best suited for us to meet our shared goals.”
Locale’s apartment-style accommodations respond to rapidly growing consumer demand for more space, privacy, and comfort while traveling, especially for work trips that stretch into leisure vacations. The furnished apartments perform well in newly constructed buildings as well as stabilized multifamily assets, boosting occupancy and delivering premiums to conventional rents.
“We’re excited to expand our exclusive short-term rental relationship with Dinerstein. The trust and respect we’ve built over the years has been enhanced by the superior returns we’ve generated for their assets and capital partners – it’s been a winning combination,” said Nitesh Gandhi, Founder and CEO of Locale. “We share a vision that high-quality furnished apartments enhance the value of multifamily assets and it’s our pleasure to work with Dinerstein’s exceptional team to bring these accommodations to life within their communities.”

DAVENPORT, FL – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced its second Ltd. branded apartment community, Ltd. Champions Ridge, in Davenport, Florida, is now welcoming move-ins. The Ltd. brand exclusively focuses on Greystar’s essential housing product, delivering more attainable housing opportunities for key populations affected by the lack of rental options in the Orlando metro area and across the country as more Ltd. communities come online.
“Ltd. Champions Ridge addresses the incredible need for attainable housing both in the Orlando area and throughout the United States,” Parker LeCorgne, Director of Development at Greystar, said. “We are excited to bring the Ltd. brand and the new rental experience here to Davenport by providing much-needed housing supply that offers an attainable, high-quality experience for renters. We are proud to be able to do this for the benefit of our community, including essential workers such as teachers, nurses, and first responders. So far, the response has been tremendous. Ltd. Champions Ridge was 60 percent pre-leased before final walkthroughs and all available apartments have been rented.”
The apartment community has one-, two- and three-bedroom floorplans that range from 798 sq. ft. to 1,245 sq. ft. While the rents will be lower than typical multifamily housing in the area as a result of efficiencies in construction, technology, and the operating model, Ltd. Champions Ridge boasts similar quality construction, amenities, and experience of a traditional Greystar community.
Ltd. Champions Ridge, like all Ltd.-branded communities, will have standard amenities appropriate for their location, including community pools and gyms, among other options. Additionally, cutting-edge technology packages in multi-family will be included in each Ltd. community and apartment, with property-wide high-speed internet, smart locks, and resident apps that streamline everything from maintenance requests to guest access. This package of amenities and innovative technology helps to set Ltd. communities apart from most of the existing attainable supply in the United States.
“Our Ltd. brand is Greystar’s solution to the lack of housing supply for the middle of the market,” said Scott Berka, Senior Managing Director, Brand and Customer Experience at Greystar. “Champions Ridge is just the latest example of our commitment to delivering rental housing that combines the opportunity to live in a professionally managed Greystar community with the promise of limited future rent increases while living in an Ltd.-branded property.”

NORTH SAINT PAUL, MN – Tareen Development Partners announced the groundbreaking of the highly anticipated Article No. 7 project, an 82-unit apartment complex located on the corner of 7th Ave., East and Helen Street in North Saint Paul, Minnesota. The groundbreaking ceremony marked a significant milestone for the development and the community.
Article No. 7 aims to revitalize the North Saint Paul neighborhood by providing modern, high-quality housing options for residents. With its prime location and thoughtful design, the complex will offer a comfortable and convenient living experience for individuals and families alike. The name Article No. 7 is a nod to the original newspaper building (The Lillie Suburban Newspaper) and the No. 7 signifies an abbreviation for North and 7th Ave where the building is located.
“We are excited to break ground on the Article No. 7 project and contribute to the growth and enhancement of the North Saint Paul community,” said Basir Tareen, Founder of Tareen Development Partners. The 82-unit apartment complex will feature a mix of one and two bedroom units. Each apartment will be thoughtfully designed with modern finishes, spacious layouts, and an array of amenities to ensure a comfortable and enjoyable living experience. Residents will have access to on-site (below ground) parking, a fitness center, community spaces, and more.
TDP is proud to collaborate with Bauer Construction and Momentum Design, Sail Management and the City of North St Paul on this project. The building is expected to be completed in Fall of 2024.

CHARLOTTE, NC – The Milestone Group announced its acquisition of The Weathersby Apartments, a 180-unit, fully renovated, market-rate multifamily community at 8415 University Station Circle in Charlotte, NC. The purchase price was not disclosed.
The Weathersby features modern two-, three- and four-bedroom apartments strategically located between two major job centers in North Charlotte. The community is located right off W.T. Harris Blvd and proximate to Uptown Charlotte, University City, and Northlake, with easy access to numerous shopping, restaurants, and other service retail.
Community amenities include a swimming pool with a bi-level sundeck, a clubhouse, a 24-hour fitness center, a dog park, an outdoor kitchen, and picnic spaces. The modern, fully renovated and updated residences include quartz countertops, white cabinets, tile backsplashes, stainless steel appliances, faux-wood plank flooring throughout, custom closets, and washers and dryers in every unit.
“We are excited to add this fully-renovated community to our portfolio,” said Milestone Vice President of Acquisitions, Jason Wise. “Our team was able to efficiently source and execute this direct off-market acquisition and assume the existing financing, benefitting both Milestone and the seller by avoiding the loan prepayment penalty.”
The Milestone Group is a leading, privately held real estate investment management firm with strong expertise and focus on value-add multifamily assets in major metropolitan markets of the United States. Founded in 2003, Milestone has created trust and confidence with its investors through successfully navigating multiple economic cycles across over $9 billion of multifamily investments totaling more than 90,000 units.

WALTHAM, MA – Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, announced that it has closed on its construction loan to commence building its latest Alexan community, a 210-unit, luxury multifamily residence in Waltham, Massachusetts.
Alexan Waltham will be located at 73 Pond Street in downtown Waltham and will feature five stories of Class A residential apartments over one level of at-grade podium parking. Construction has commenced, and completion is anticipated for Summer 2025. Alexan Waltham will offer both market-rate and affordable units in studio, one-bedroom, two-bedroom, and three-bedroom layouts ranging from 650 to 1,400 square feet.
With its ideal location just two blocks north of the Main Street / Moody Street intersection, residents of Alexan Waltham will be immersed in Waltham s lively social scene highlighted by the 40+ restaurants along Moody Street. Residents will also have convenient access to Boston s premier employment corridors stemming from the short walk to the MBTA s Waltham Station, which provides access to Cambridge s Porter Square Station and Downtown Boston s North Station, and the 5-minute drive west to Route 128, which is home to Greater Boston s largest suburban office cluster. Additionally, the site is directly bordered by the Waltham portion of the Massachusetts Central Rail Trail, a 104-mile off-road, shared-use trail offering recreational activities and alternative access routes into Cambridge and Boston.
This project is another example of TCR s strategy to invest in high-growth areas across the U.S., said Andy Huntoon, Managing Director, Northeast Division of Trammell Crow Residential. We continue to be active in the Greater Boston area and look forward to working with our partners and the City of Waltham to provide much needed and desirable housing to the area.
With this newest Alexan offering, TCR currently has more than 29,000 apartment units in various stages of development in 20 markets across the country.