FaverGray Breaks Ground on 303-Unit The Enclave at Deer Moss Creek Luxury Apartment Community in Florida’s Gulf Coast Panhandle

JACKSONVILLE, FL – FaverGray announced the construction of The Enclave at Deer Moss Creek, a luxury multifamily community for developer MH Deer Moss Creek LLC. Located at 1000 Deer Moss Loop in Niceville, the 303-unit community will be available to residents in 2024.
The Enclave at Deer Moss Creek project sits on an 18-acre site and will include nine 3-story apartment buildings and two 2-story apartment buildings. Rental units will feature stainless steel appliances, granite countertops, luxury vinyl plank flooring, and upgraded cabinetry and trim.
Community amenities will include a 7,935 SF clubhouse featuring a resort-style pool surrounded by pergolas, gas fire pits, and an outdoor kitchen with a gas grill. Additional site amenities will include two dog parks, two playgrounds, and a mail kiosk.
The site improvements will consist of water, storm, and sewer utilities that will tie into existing public utilities. The site improvements will also include resort-style hardscaping, landscaping, irrigation, asphalt paving, concrete sidewalks, and ponds.
The construction will consist of wood frame with steel stairs and precast elevator shafts. The exterior will be finished in fiber cement siding with stone accents and include architectural-style asphalt shingles. All building slabs will be post-tensioned concrete, on grade.
“The FaverGray team is thrilled to partner with MH Deer Moss Creek LLC on this exciting new project,” shares Ben Hinson, Executive Vice President at FaverGray. The Enclave at Deer Moss Creek will be an integral part of Niceville’s growth as an exceptional product. “FaverGray is proud to be part of the development in Niceville as more people continue to move to this flourishing area,” states Hinson.
“Our team is honored to break ground on our first project with MH Deer Moss Creek LLC, to offer a luxury multifamily product to this growing area,” shares Mark Higby, Division Leader at FaverGray. “The Enclave at Deer Moss Creek will showcase the outstanding quality of work that FaverGray and MH Deer Moss Creek LLC deliver to a new development.”
Dallas Texas based HEDK is serving as the architect for The Enclave at Deer Moss Creek, Jenkins Engineering is providing civil engineering services, and Jordan & Skala Engineers is providing MEP services. Landscape services will be provided by Meeks Design Group.

Stoneweg Expands Portfolio with Acquisition of 244-Unit Green Globe Certified The Station at Savannah Quarters Apartment Community

POOLER, GA – Stoneweg US, a leading real estate investment and development firm, announces its recent acquisition of The Station at Savannah Quarters, a Green Globe Certified, 244-unit core plus multifamily asset located in Pooler, Georgia. This strategic purchase underscores Stoneweg US’ commitment to sustainable and socially responsible investments while meeting the growing demand for high-quality housing options.
The Station at Savannah Quarters, developed by Tynes Development in 2019, is situated on approximately 10.8 acres within the renowned Master Planned Use Development Savannah Quarters. The property is comprised of three residential buildings, a leasing center, a clubhouse, four carriage buildings, and 34 garage stalls. Featuring wood frame construction and brick veneer accents, the buildings offer a modern and appealing architectural design. Each main building is a four-story structure serviced by elevators, providing convenient access to all units. The property boasts 9′ ceilings throughout, creating an open and spacious living environment.
Strategically located along Pooler Parkway, adjacent to Interstate 16, The Station at Savannah Quarters enjoys excellent connectivity and high visibility, with approximately 37,000 average daily traffic passing through. This prime location allows for convenient access to downtown Savannah, the Savannah/Hilton Head International Airport, and the $5.5 B Hyundai Motor Group Metaplant. The Pooler submarket has experienced robust growth driven by strong demand for coastal living, remote work opportunities, and the economic drivers of tourism, manufacturing, and the Port of Savannah.
Highlighting the significance of this investment, Ryan Smyth, Director of Acquisitions at Stoneweg US, stated, “Our investment in The Station at Savannah Quarters aligns perfectly with our commitment to ESG optimization and creating long-term value for all stakeholders. The property’s prime location, coupled with the area’s economic growth and high rent growth rates, positions it as an attractive investment opportunity.”
Matt Levy, EVP, Head of Investments at Stoneweg US, added, “The Station at Savannah Quarters stands out in the market due to its exceptional quality and strategic location within a thriving community. As a sponsor, we are focused on assets that offer sustainable growth potential, and this investment reflects our dedication to delivering strong returns for our investors.”
With its unmatched walkability and proximity to major retail centers, including the area’s first Costco Wholesale, The Station at Savannah Quarters provides residents with convenient access to various amenities and demand drivers. In addition, the property is surrounded by single-family homes, reflecting the desirability and upscale nature of the neighborhood.
The upcoming construction of the Hyundai Metaplant, a high-profile Electric Vehicle manufacturing facility at the intersection of Interstate 16 and U.S. 280, further solidifies the Pooler submarket’s economic outlook. This major development is set to bring unprecedented job opportunities and will ensure sustained multifamily demand for the foreseeable future.
Stoneweg US plans to enhance the property’s value through an ESG and traditional value-add programs, including portable EV chargers, installation of solar panels to the clubhouse, new pool cabanas, and turf installation for cornhole toss. Additionally, the interior renovation program will include new washer and dryers in 35 units, along with the installation of vinyl plank flooring in select units, ensuring residents enjoy modern and sustainable living spaces.

Greystar Launches Branded Apartment Communities to Address Need for Attainable Housing with Limits on Future Rent Increases

CHARLESTON, SC – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced the launch of a new dedicated brand, Ltd. by Greystar (“Ltd.”). Ltd. will exclusively focus on Greystar’s impact housing product, delivering more attainable housing opportunities for key populations affected by the lack of rental options in the United States.
Working in tandem with Greystar’s recently opened Modern Living Solutions (“MLS”) factory – Greystar’s modular construction business focused on building off-site, prefabricated modular apartments sustainably and at an attainable price point – Ltd. will allow for the building and operating of essential housing communities at scale. To achieve this goal, Ltd. guarantees not to increase rents by more than the greater of CPI or 3%, providing “certainty of housing” for existing residents.
“Over the course of my career, I have seen the incredible need for attainable housing options across the United States,” said Bob Faith, Founder, Chairman, and CEO of Greystar. “We are excited for the opportunity to apply our platform and our culture of innovation to build housing supply that offers an attainable, high-quality experience for renters while also serving as an attractive proposition for both Greystar and our partners.”
“What we’re doing with our newly created Ltd. brand is a game-changer for renters who want to live in a Greystar-managed community and for an industry that needs more housing supply,” said Scott Berka, Senior Managing Director, Brand and Customer Experience. “When you consider how big the challenge at hand is, I’m proud to be part of a team that’s willing to throw out the rulebook and challenge ourselves to make a true impact while delivering the Greystar-level experience people should have. Through this effort and our Ltd. brand, we’re at the start of a great journey.”
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.
Greystar currently has 5 Ltd. branded projects underway across 4 cities, with approximately 1,600 units expected to come online in the next 18 months. The first Ltd. community, Ltd. Med Center, in Houston, Texas with 378 units is now in lease-up.

Muinzer Expands Investment Goals with Acquisition of 1,134 Bed Village West Student Housing Community Near Purdue University

WEST LAFAYETTE, IN – Muinzer, a privately held real estate investment firm founded by Marc Muinzer, alongside T2 Capital Management, announced the acquisition of Village West near Purdue University in West Lafayette, IN. The property is one of the largest student-housing assets in the nation totaling 1,134 beds underpinned by 22 acres of land. The asset is currently 100% leased and 100% pre-leased for August 2023.
“This transaction unlocks significant value and allows our original institutional equity partner to successfully exit. It also provided Muinzer with the opportunity to increase our ownership stake in Village West while continuing our onsite property management role. We look forward to continuing to create value while providing superior customer service,” said Marc Muinzer, Founder and CEO of his namesake firm. “Thank you to our incredible team, lenders, and investment partners. Even in an uncertain macroeconomic environment, we have successfully completed nearly $250 million of transactions thus far in 2023,” added Mr. Muinzer.
Muinzer began investing in student-housing in 2002 and is one of the largest owners in the Big Ten and SEC Conferences. “Student-housing fundamentals are the strongest we have seen in the last 20 years. With our portfolio 100% leased and 100% pre-leased for August 2023, we continue to expand our team and acquisition goals. In 2023 and 2024 we are looking to acquire an additional $1 billion of student-housing assets near high-growth universities,” added Michael Snyder, COO of Muinzer.
Muinzer and its affiliate South Street Capital were founded by Marc Muinzer in 2002. With offices in Los Angeles, Knoxville, West Lafayette, and Chicago, Muinzer is one of the largest owners of student housing in the Big Ten and SEC Conferences.

Broadway Apartment Building Project Becomes First in New York City to Use AI Construction Technology Platform to Enhance Efficiency

NEW YORK, NY – Eyal Ofer’s new Columbus Circle Building at 1841 Broadway is now the first project in New York City to use the AI construction platform Buildots, developer Global Holdings Management Group and Buildots have announced.
The project is located just north of Columbus Circle, southwest of Central Park and adjacent to the Time Warner Center and the prestigious 15 Central Park West development, which was also led by Eyal Ofer’s Global Holdings. The 26-story, 298-ft.-tall building will include nearly 197,000 sq. ft. of residential space encompassing 123 housing units, as well as over 20,000 sq. ft. of commercial retail space.
After site data captured via helmet-mounted 360-degree cameras is automatically analyzed using proprietary AI algorithms, the platform provides the project management team with true-to-life progress reports supported by visuals. This leads to significantly improved efficiency in terms of costs, labor and management time, and resources.
The award-winning technology is currently being used on sites across North America, the UK, Europe and the Middle East by leading global construction firms including Sir Robert McAlpine, Lendlease, Build Group and EllisDon among others.
J.J. Ofer, CEO of Global Holdings Management Group (US), said, “Global Holdings has a strong pipeline of projects and we see the huge impact that Buildots has on efficiency and transparency in construction, which are critical factors that help us to maximize usage of our resources, minimize costs and speed up construction in a responsible way. The Buildots technology platform is used to fundamentally enhance our project management capabilities and we are excited to be working with the company and bringing this revolutionary technology to New York.”
The building, located at the corner of Broadway and West 60th Street, has been designed by INC Architecture & Design with SLCE Architects serving as the architect of record.
“We are thrilled to bring Buildots’ AI-based technology to New York City with the Columbus Circle Building project. Our platform offers full visibility and control on projects’ progress, enabling improved performance and efficiency, and we look forward to collaborating with Global Holdings Management Group and other leading developers on future projects in New York and beyond,” said Buildots CEO Roy Danon.

Wood Partners Welcomes Residents to 300-Unit Alta Blue Goose Luxury Apartment Community in Austin’s Growing Northern Corridor

AUSTIN, TX – Wood Partners, a national leader in multifamily real estate development, announced, the grand opening of its latest luxury residential community, Alta Blue Goose in Austin, Texas.
Located at 8110 Blue Goose Road, Alta Blue Goose is positioned along Austin’s growing northern corridor and provides residents with easy access to the city’s leading retail, dining, and entertainment destinations via the 290 and 130 highways. Situated just south of Austin’s thriving tech corridor, the community places residents within minutes of the city’s leading employers including Dell, Samsung, Facebook, Tesla, GM, and The Home Depot. Alta Blue Goose is also adjacent to Wildhorse Ranch, a newly established master planned community, and the $880M transformation of Walter E. Long Metropolitan Park, home to hiking and biking trails, fishing piers, and picnic areas.
“Wood Partners is excited to officially welcome residents to Alta Blue Goose, which provides the perfect home location to those in the flourishing East Austin area,” said Bart Barrett, Managing Director for Wood Partners. “This is an exciting addition to our evolving Austin portfolio, and we look forward to continuing to expand our presence throughout the Central Texas region.”
Alta Blue Goose offers residents 300 apartment homes comprised of one-, two- and three-bedroom floor plans. Each home comes fully outfitted with luxurious urban accents and high-end finishes including granite countertops, 42-inch kitchen cabinets, stainless steel GE appliances, designer tile backsplashes, in-home washer and dryer sets, and vinyl plank flooring throughout the kitchen, living room and baths. Select units offer a smart technology package providing added connectivity and security for residents.
Outside their home, Alta Blue Goose residents can also enjoy a wide range of top-quality community amenities including a resort-style pool, an outdoor kitchen with grilling area, and an on-site dog park. Residents also have access to a clubroom area that features a state-of-the-art fitness center, business and conference spaces and ample entertainment areas. All common areas throughout the community will feature an urban design motif and will be equipped with high-speed internet hotspots to ensure no shortage of connectivity. Interior design for the property was completed by makrDESIGN.

The United Group Hosts Groundbreaking Ceremony for The Apex at Crossgates Apartment and Townhome Community

GUILDERLAND, NY – The Apex at Crossgates, Guilderland’s newest multifamily apartment and townhome community, in the heart of the Capital Region, celebrated their groundbreaking ceremony.
Close to 100 attendees were on-site to celebrate this magnificent community. Local vendors including Fort Orange Brewing and RAD Soap were featured throughout the event, highlighting the Apex community-centered approach. Invitees also heard from special guest speakers including Capital Region Chamber Sr. VP of Community Advancement Pete Bardunias, The United Group of Companies Inc. EVP of Development Jeff Smetana, and The United Group of Companies Inc. President and CEO Michael Uccellini.
The Apex at Crossgates will feature a diverse selection of spacious one/two/three-bedroom floor plans plus 30 townhouse-style units, offering residents excellent options for luxurious worry-free living, as well as under-building secure parking. Serving as the central hub of the community will be an expansive clubhouse boasting amenities that include remote workspaces, premium golf simulator, social lounge, tech-driven package services, state-of-the art fitness center, yoga studio, game room with pool table and card table, dog park, pet grooming, pool, outdoor kitchen with grilling stations and multi-sport courts.
The spacious apartments will have nine-foot ceiling heights, luxury bathroom finishes, elegant kitchens with stainless appliances and quartz counter tops, designer fixtures, walk-in closets, large balconies, and so much more.
Development of this community will aid in serving the Capital Region’s diverse population with a variety of needs that center around seeking a living situation that perfectly combines luxury, convenience, and accessibility to everything that makes the Capital Region unique. This community will sit adjacent to Crossgates Mall, by way of a lit walking path allowing residents easy access to premier food, shopping, and entertainment options within minutes from home.
The United Group of Companies and United Development Corp are overseeing the development and construction of the community in conjunction with Trinity Building & Construction Management Corp, who will serve as general contractor. The construction period is expected to be approximately 24 months, commencing February 2023. The community is managed by United Plus Property Management.

Hamilton Zanze Completes Disposition of 150-Unit Sierra Sun Multifamily Community Located in Seattle’s Puyallup South Hill Neighborhood

SEATTLE, WA – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Sierra Sun in Puyallup, Washington. The property is located in Puyallup’s South Hill, a popular choice for Pierce County residents. The firm purchased the community in May 2014 and the sale closed on May 15, 2023.
During their ownership, Hamilton Zanze completed many successful renovations focused on making the property run more efficiently. These projects included unit renovations, landscaping, pool and spa repairs, amenity improvements, lighting enhancements, and the addition of a dog park.
“We are very pleased with the performance of Sierra Sun,” said Anthony Ly, senior director of dispositions at Hamilton Zanze. “The property experienced strong rent growth while also being a cost-effective alternative to other urban areas of Washington. Transacting in this current market is not without its challenges,” added Ly. “The Kidder Mathews team led a strong marketing effort which resulted in the selection of a very strong buyer that could navigate this market.”
Sierra Sun was built in 2003 and is located at 12415 172nd Street East in Puyallup. The property comprises 150 one-, two-, and three-bedroom units averaging 1,133 square feet. Unit amenities include maple cabinetry, electric fireplaces, kitchen islands, nine-foot ceilings, attached two-car garages, tile features, and designer accents. Community amenities feature a two swimming pools and spas, 24-hour fitness studio, spacious clubhouse with a koi fishpond, gourmet kitchen, coffee bistro, classic billiard room, business center, gazebo, and gated entry.
Sierra Sun is located in Puyallup, WA, on just over 14 acres, along Sunrise Boulevard East facing south with views of Mount Rainer, the highest peak in the Cascade Range. The community is approximately 10 miles east of Tacoma and 40 miles south of Seattle, providing access to major retail and employment centers. Sierra Sun is located near several of the Seattle/Tacoma metro’s largest economic drivers, such as Boeing, Starbucks, Amazon, and Microsoft. The Port of Seattle is one of the major gateways for trade with Asia and one of the top 10 largest ports in the United States.

Wood Partners Lights Up Charlotte NoDa Neighborhood with Debut of 352-Unit Alta Filament Luxury Apartment Community

CHARLOTTE, NC – Wood Partners, a national leader in multifamily real estate development, announced the official grand opening of its newest luxury residential community in Charlotte, North Carolina, Alta Filament, named after the site’s history in manufacturing lightbulbs.
Located at 525 E 21st Street in the city’s burgeoning North Davidson neighborhood (NoDa), Alta Filament offers residents easy access to the area’s growing list of local shops, restaurants, and nightlife options just a short walk from the property. The property also puts residents just steps away from the popular Charlotte Greenway Trail and 21-acre Cordelia Park, as well as the Blue Line and Optimist Food Hall all within minutes of the city’s Uptown district. In addition, Alta Filament’s prime location in NoDa offers residents direct access to several of Charlotte’s top employers within minutes of the property including Carolinas Healthcare System, Wells Fargo, Bank of America, Novant Health and Duke Energy.
“We are excited to bring a new level of luxury living to the Charlotte area as we officially turn the lights on to our newest apartment community, Alta Filament,” said Carter Siegel, Executive Managing Director for Wood Partners. “As our third property in the thriving NoDa submarket, we look forward to serving as a true partner for this unique Charlotte community as we welcome new residents to Alta Filament and the Wood Partners family.”
Alta Filament offers 352 apartment homes complete with one-, two- and three-bedroom floor plans, as well as 22 townhomes with private exterior entrances. The building’s design evokes an industrial, warehouse aesthetic harkening back to the site’s manufacturing history, and provides a sophisticated, urban feel with brick walls and straight lines throughout the property. Each home features sophisticated urban accents and high-end finishes including luxurious kitchens complete with white quartz countertops, classic white subway tile backsplash, frameless two-tone custom cabinetry, brushed nickel hardware, and stainless-steel GE appliances. Additional home features include contemporary regency grey wide-plank flooring, front-load washer and dryer sets, wood blinds and private patios, as well as built-in desks and drop stations in select homes.
Truly setting Alta Filament apart from the surrounding market is the community’s wide range of best-in-class amenities. Throughout the property, residents have access to a resort-style pool with cabanas and retractable canopies, an outdoor courtyard with hammocks, an outdoor kitchen, BBQ stations and firepits, a pet wash area, and a do-it-yourself bike repair shop. Inside the community club house, residents can enjoy the 24-hour fitness club with an attached outdoor body sculpt lawn, a fully equipped podcast studio, high-tech conference and multimedia rooms, the Exchange Club co-workspace and much more.

GID Announces Acquisition of 240-Unit Advenir at Biscayne Shores Garden-Style Apartment Community in Popular Miami Neighborhood

MIAMI, FL – GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of Advenir at Biscayne Shores, a garden-style community located in Miami, FL that will be rebranded as Windsor Biscayne Shores.
The 240-unit community features resort-style amenities, such as a clubhouse, pool, fitness center, playground, grilling areas, and dog park. Located across the Broad Causeway (123rd Street) from the Haulover Inlet and Beach Park, which provides residents with public beach access directly on the Atlantic within a 15-minute drive, the community provides walking access to Whole Foods Market, LA Fitness, Walgreens, Home Depot, and Starbucks.
GID plans to renovate the community and transform the resident experience through an updated fitness center, repainted exteriors and interiors, refreshed clubhouse and leasing center, and refurbishing the remaining residences with modern finishes.
GID is a leading real estate investment and management firm that operates a diverse portfolio of multifamily, industrial, and mixed-use developments across the United States. With over 60 years of experience across multiple asset classes, GID is an established real estate private equity investor and fiduciary supported by an integrated operating platform with approximately 53,000 multifamily units and over 27M square feet of industrial and commercial space of assets under management.