INDIAN LAND, SC – Canyon Partners Real Estate announced that it has provided a $14.8 million preferred equity investment in a joint venture with The Widewaters Group for the development of Parkstone at Indian Land, a Class-A, 266-unit, garden style residential community in Indian Land, S.C. Widewaters will lead development of the community, which is expected to begin occupying units in late 2023, with completion in mid-2024.
The investment marks the second joint venture between Canyon and Widewaters, and Canyon’s third investment in the greater Charlotte area in the last five months. Huntington National Bank provided the senior construction loan.
Indian Land, South Carolina is a rapidly growing suburb of the Charlotte MSA, located 15 miles south of Charlotte’s central business district and five miles south of the Ballantyne submarket on the border of North Carolina. Indian Land, the northernmost community in Lancaster County, has benefitted from the growth of the greater Charlotte region. As Charlotte’s growth trajectory has expanded to the south, Lancaster County has experienced outsized population growth of 31% from 2010 to 2021. Indian Land also benefits from proximity to three major suburban employment nodes, including Indian Land, which is home to Red Ventures headquarters, Ballantyne, and Fort Mill.
“As Charlotte continues its rapid growth trajectory, we anticipate continued strong demand for multifamily housing in the city’s suburbs, including Indian Land,” said Brian Long, Director of Development at The Widewaters Group. “Parkstone will provide well-located housing for residents seeking convenient access to nearby jobs, entertainment and retail options. We look forward to partnering with Canyon once again for this project.”
Interior units at Parkstone will feature modern finishes and appliances, full size washer/dryers and balconies. The community will include an extensive amenity package, such as a dog park, pet spa, car wash, scenic pond area, 24/7 mailroom with package delivery lockers, 24/7 fitness center and resort style pool.

CORAL GABLES, FL – Sunrise Senior Living, an industry pioneer and leading provider of senior living and housing services, announces the groundbreaking of its first senior living community in the Miami-metro area, Sunrise of Coral Gables.
Sunrise s personalized approach has become a gold standard for the senior living industry throughout its more than 40-year history. Sunrise of Coral Gables will continue that tradition when it opens and welcomes new residents in 2024, meeting the great need for high-quality assisted living and memory care in Miami Dade County. Upon completion, the more than 90,000-square-foot building will consist of 94 residences across six floors. The community will provide various lifestyle offerings for its residents including a robust events and programming calendar. It will offer beautifully designed common spaces, activity room, bistro and dining room, a salon, and dedicated terrace spaces on multiple floors.
We are thrilled to begin construction on Sunrise of Coral Gables, said Andy Coelho, Senior Vice President of Design and Construction at Sunrise. We are honored to bring Sunrise s expertise in senior living to the city of Coral Gables. We also look forward to collaborating closely with the surrounding community as we prepare to welcome residents to their new home in 2024.
Sunrise s in-house development and design teams are partnering with Coral Gables-based architecture firm Behar Font & Partners and general contractor Winmar Construction.
The site for Sunrise of Coral Gables was chosen for its accessibility and convenience. On the main street of Ponce de Leon, the community has access to neighboring townships, major commuter routes and retailers, restaurants, and businesses. The Coral Gables trolley stops within one block of the site and runs frequently from the Douglas Metrorail station.

IRVINE, CA – The Bascom Group in partnership with Artemis Real Estate Partners has acquired Avenida Lakewood, a 230-unit Active Adult (55+) apartment community located at 11001 West 15th Place in Lakewood, Colorado. The Class A property marks Bascom’s 36th multifamily acquisition in Colorado. Ryan Maconachy and Courtney Crowder at Newmark brokered the transaction. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk, and Jake Vitta of IPA arranged the debt financing for the acquisition from Santander Bank. Apartment Management Consultants will provide property management services.
Situated just seven miles west of Downtown Denver, Avenida Lakewood was constructed in 2019 by Avenida Partners, a prominent builder that specializes in developing Active Adult communities. The property is a highly-amenitized community that boasts extensive indoor and outdoor spaces including a clubhouse, game room, arts studio, theater, salon, pool and spa, fitness and yoga studios, gardening plots, a sky lounge, EV charging stations, and a pet park. Unit interiors feature high-end finishes with quartz countertops, stainless steel appliances, oversized cabinetry, custom lighting, and faux wood flooring. In addition to its abundant amenity offering, the property offers residents a variety of activities, such as social functions, fitness classes, and creative arts and educational programs, that are designed to foster a sense of community and enhance residents’ quality of life. Creating a best-in-class lifestyle distinguishes Avenida Lakewood from other Active Adult communities in the Denver Metro Area.
The property also provides residents access to abundant recreation, retail, and entertainment options against the unmistakable backdrop of the Rocky Mountains. Avenida Lakewood residents can venture outside to explore over 2,400 acres of open space on nearby Green Mountain, delight in world-renowned entertainment venues like Red Rocks Amphitheatre, or wander the streets of nearby Golden, home to Coors Brewing Company and countless recreation outlets for hiking, biking, and fishing. Lastly, Avenida Lakewood is located between two of Denver’s premier medical centers, St. Anthony Hospital and Lutheran Medical Center, while also providing residents immediate access throughout Denver via the Oak Street Light Rail Station located three blocks from the property.
Bascom’s Senior Vice President & Principal of Acquisitions, Jim Singleton, shared, “Avenida Lakewood represents a highly attractive opportunity to act upon the demographic tailwinds of an aging population in a supply-constrained market. As the product of a premier national developer of Active Adult communities, Avenida Lakewood boasts thoughtfully designed amenities and best-in-class services that foster a vibrant lifestyle community for 55+ residents. These benefits provide a unique value proposition for Bascom and Artemis.”
Artemis Senior Vice President, Courtney Nickels added, “We look forward to building upon the strong momentum at the Property cultivated by Avenida Partners to continue delivering the highest level of service and quality for the residents. Artemis is pleased to grow our partnership with Bascom, a premier partner, and to continue to expand our investment portfolio in active adult.”
Since 1996, Bascom and its affiliates have acquired 357 multifamily properties throughout the United States, totaling over 91,000 units. Prior to closing on Avenida Lakewood, Bascom had acquired 35 multifamily properties in Colorado, totaling 11,804 units and more than $1.1 billion in acquisitions.

DENTON, TX – Leading national multifamily real estate developer Wood Partners announced the grand opening of its newest luxury residential community, Alta Denton Station, located just north of the DFW area in Denton, Texas.
Situated at 3909 N Loop 288 in one of Dallas/Fort Worth’s most sought-after areas, Alta Denton Station offers residents easy access to I-35, providing a quick route to a vast array of shopping, dining and entertainment options in nearby Rayzor Ranch and surrounding areas around Dallas/Fort Worth. Alta Denton Station’s prime location also puts residents in close proximity to many of the area’s top employers including Peterbilt Motors, University of North Texas, Texas Health Presbyterian Hospital Denton and many others all within minutes of the new community.
“We are thrilled to continue our expansion within the Dallas/Fort Worth area with the opening of Alta Denton Station, our first investment in the thriving Denton submarket,” said Ryan Miller, Managing Director for Wood Partners. “Residents can easily make their way to nearby shopping, dining, and entertainment destinations, as well as several of the city’s top employers and universities all within minutes of their new home.”
The garden-style complex boasts 248 units comprised of one-, two- and three-bedroom custom-designed floor plans for residents to choose from. Each home offers a modern feel with high-end finishes throughout, including luxurious kitchens complete with granite countertops, stainless steel appliances, upgraded fixtures and designer tile backsplash. Wood plank flooring throughout provides residents with a clean, comfortable space while full-size in-unit washer and dryers offer an added level of convenience for those calling Alta Denton Station home.
Throughout the community, residents can also take advantage of Alta Denton Station’s best-in-class amenities including a resort-style pool with courtyard, grilling areas, and pet facilities. Interior amenity highlights include a community clubhouse offering a spacious, state-of-the-art fitness center, remote working capabilities and seating for social gatherings.
Outside the community, residents also have an abundance of options to keep themselves occupied including Water Works Park, Lewisville Lake and the North Lakes Park and Recreation Center. In addition, Alta Denton Station’s location within the city provides residents with access to both I-35 and US 380, making commuting to Frisco/Legacy West, Dallas CBD and Forth Worth CBD a breeze.

NEW YORK, NY – Affiliates of Cantor Fitzgerald, a leading global financial services firm and real assets investment company, and Silverstein Properties, a leading global full-service real estate development, investment, and management firm, announce the closing of construction financing for 44-01 Northern Boulevard, a project that Cantor Silverstein Opportunity Zone Trust is invested in.
Cantor Fitzgerald and Silverstein arranged a $165 million construction loan from Banco Inbursa for the development of a 354-unit multifamily property located on a 63,000 square-foot lot in the Astoria neighborhood of Queens, New York City. The development allocates 25% of the rental units as affordable housing and will include 25,000 square feet of retail. Silverstein Properties, developer for the project, commenced construction in Spring 2022 and foundation work is nearing completion. The building is expected to welcome residents in Spring 2024.
“As developers of outstanding projects, we are excited to be part of Astoria’s vibrant future by offering residents a premier property with market-rate and affordable housing as well as a host of amenities,” said Marty Burger, CEO of Silverstein Properties. “We’ve gotten to know many incredible people in this community over the past few years through our planning for Innovation QNS, and that’s why we believe so strongly in Astoria.”
“In an environment of cautious construction lending and inflation hikes increasing the cost of debt, making it more expensive to borrow money, we appreciate Banco Inbursa’s recognition of the strength of the Cantor Fitzgerald and Silverstein partnership and the quality of this asset,” said Chris Milner, Head of Real Estate Investment Management at Cantor Fitzgerald Asset Management. “We are thrilled to have completed this transaction and to move forward with the construction of 44-01 Northern Boulevard.”
Designed by Hill West Architects, the building will include a mix of one and two bedroom units; approximately 20,000 square feet of amenities; 200 parking spots; and 25,000 square feet of retail facing Northern Blvd. The design pays homage to Queens’ industrial past with a timeless composition of masonry and blackened metal by taking cues from the immediate context. Upon arrival through the car court, residents will be greeted by a welcoming lobby and cascading gardens. At the upper level of the gardens is an expansive lawn connecting back to the second-floor amenities opening up to a gym, yoga studio, children’s playroom and resident lounge. The second amenity level is located on the 10th floor, providing panoramic views of the Manhattan skyline from the co-working lounge, library and chef’s kitchen leading out to a rooftop deck.

ATLANTA, GA – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner Pondmoon Capital USA, announce the opening of Notion, the firm s new five- and six-story, 290-unit luxury apartment community in Decatur, a suburb of Atlanta.
Notion s construction, financed with a $45.7 million construction loan from Santander Bank, commenced in 2020 and offered first occupancy for residents in August 2022. The community s official Grand Opening event was held today with local officials and development partners, as well as current and prospective residents.
We re excited to open another exceptional luxury community with Pondmoon Capital, said Charles Elliott, President of Toll Brothers Apartment Living. The Atlanta market continues to see tremendous employer and population growth, attracting renters and home buyers alike, as well as significant investment thanks to its outstanding quality of life and its dynamic economy.
Designed by Dwell Design Studio, Notion is situated on a nearly 3.2-acre site. The luxury mid-rise apartment community includes a mix of studio, one-, and two-bedroom floor plans. The community also features a structured parking garage with 417 spaces, which includes EV (electric vehicle) charging stations and storage solutions for residents. The community is part of a larger mixed-use development anchored by a Publix grocery store at Sam s Crossing Village, along with 12,000 square feet of in-line retail space.
Notion will be a great addition to this Decatur neighborhood, offering an elevated suburban living experience with the conveniences of urban living and easy access to major employment centers and downtown Atlanta, said Will Chappell, Southeast Regional Director of Development and Construction for Toll Brothers Apartment Living. With Decatur s charming tree-lined streets, boutique shopping, and trendy restaurants only steps away, residents will love making their home at Notion.
Notion boasts more than 8,000 square feet of interior and exterior amenity space, which includes a hospitality lobby and lounge, Luxer® lockers and oversized package room, a mail lounge featuring a complimentary coffee bar and conference room, a fitness center with state-of-the-art machines for cardio and weight training featuring an on-demand fitness studio with Wellbeats®, a resident billiard lounge featuring booth and bar seating, an exhibition kitchen, a resort-style pool with cabanas, courtyard lounges featuring lawn games and grills, a pet park and paw-spa, a self-service bicycle shop and bicycle storage, and community-wide Wi-Fi.
Residences feature wood-style flooring in the living areas, plush textured carpeted bedrooms, quartz countertops and designer tiled kitchen backsplashes, Whirlpool® stainless steel appliances, soft-close drawers and doors, designer light fixtures, large walk-in closets, and smart home features including Latch keyless entry and smart thermostats. Select residences also include large soaking tubs, walk-in showers, and private balconies.
Notion is built to meet the requirements of the National Green Building Standards, which provide a blueprint for the design and construction of new and renovated single-family homes and multifamily apartment buildings. The standards focus on sustainability of energy, water, resources, lot development, operations and maintenance, and indoor environmental quality. Notion introduces several sustainability features, Energy Star appliances, water-efficient plumbing fixtures, and sensor-controlled common area lighting.
Notion is a continuation of our rewarding partnership with Toll Brothers Apartment Living around the country, said Patrick Chen, CEO of Pondmoon Capital USA. We are proud to be contributing to making high quality residential communities available in neighborhoods of high demand, such as Decatur, and we are confident this will represent another success in our expanding multifamily portfolio in the Sun Belt markets.
Located at 125 North Arcadia Avenue, Notion is within a five-minute walk to the Avondale MARTA station that offers easy rail access to Buckhead, Downtown Decatur, and Downtown Atlanta. Decatur is near major healthcare and university employers, including Emory University and Emory Healthcare, The Centers for Disease Control, Veterans Administration Medical Center, and Children s Hospital of Atlanta. Atlanta s easily accessible Midtown and Downtown neighborhoods offer numerous additional employment opportunities, including Fortune 500 companies such as Delta Air Lines, The Home Depot, UPS, and the Coca-Cola Company.
Notion is the third community and newest project Toll Brothers Apartment Living has delivered in the Atlanta market, following Oleander and Osprey, which were both sold in 2021.

FALLS CHURCH, VA – 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 Falls Church, a contemporary apartment community in the heart of the City of Falls Church, which will provide additional homes and retail adjacent to Mill Creek’s mixed-use lifestyle center, Founders Row.
Modera Falls Church, which will feature 280 homes at the intersection of West Broad and North West Streets, will become the third residential component for Mill Creek in the City of Falls Church. It joins Modera Founders Row and Verso Founders Row, an age-restricted community dedicated to individuals 55 years and older, each of which began leasing in 2021. All three communities have been developed as a joint venture partnership between Mill Creek and CrossHarbor Capital Partners.
Modera Falls Church will add 22,000 square feet of retail space to the existing 90,000 square feet at Founders Row, which is anchored by Paragon Theaters, a luxury dine-in movie theater set to open in 2024. The community will also feature a co-working amenity space that will be unique to the City. First move-ins at this community are anticipated for early 2025.
“Founders Row immediately established itself as the ‘new center’ of the City, with an array of upscale retail, dining and living options,” said Joe Muffler, senior managing director of development for Mill Creek Residential. “Modera Falls Church will expand that charm and add more quality homes and retail to a popular and emerging destination. We look forward to continuing to work with the City of Falls Church to create a unique experience that everyone can enjoy.”
The community sits in a very walkable, very bikeable neighborhood (87 Walk Score and 79 Bike Score) and is located directly adjacent to the popular Washington & Old Dominion Trail. Residents also will be within a 15-minute walk of the Falls Church West Metro Station, which provides easy connectivity to the greater Washington, D.C. area. Additionally, Interstate 66 is approximately one mile west on Broad Street, which links to the Dulles Toll Road, the Capital Beltway, Route 50 and other thriving submarkets in Northern Virginia.
Within Founders Row, residents will have access to the seven screens and 600-plus seats of Paragon Theaters, restaurants Ellie Bird, Chasin’ Tails, Nue, Roll Play Vietnamese Grill, Kyu Ramen and Kyo Matcha, and additional retailers such as Club Pilates, Sparkle & Pop Nail Salon, and 4Ever Young Med Spa.
Modera Falls Church, which will be built to LEED Gold standards, will feature studio, one- and two-bedroom homes with various layouts and an average size of 915 square feet. Community amenities will include a resident clubhouse, outdoor deck, resort-inspired swimming pool, fire pit, grilling area, landscaped courtyards, coffee bar, pet spa and a club-quality fitness center featuring cardio equipment, yoga studio, TRX system and Peloton bikes. Residents will also have access to controlled-access garage parking, dedicated bike storage and public EV-charging stations.
Apartment interiors will include nine-foot ceilings, stainless steel appliances, quartz countertops, tile backsplashes, wood plank-style flooring, custom cabinetry, moveable kitchen islands, pendant lighting, in-home washers and dryers, walk-in closets, private patios or balconies and a variety of smart home features, including smart thermostats and mobile-app entry. Bathrooms will feature double vanities, tile shower surrounds and quartz countertops.

CHANDLER, AZ – National multifamily real estate development leader Wood Partners announced the official grand opening of its newest luxury residential community, Alta Chandler. Alta Chandler offers 291 apartment homes consisting of studio, one-, two- and three-bedroom floor plans, equipped with modern kitchens, comfortable living rooms, walk-in closets for every unit, and balconies with views of the city.
Located at 1333 W. Parkland Boulevard, the opening of Alta Chandler comes on the heels of continued growth from new employment opportunities and attractions across the city. Residents can enjoy a wide range of shopping, dining and entertainment options within minutes including Chandler Fashion Center and Downtown Chandler featuring Overstreet, downtown Chandler’s new 107,000-square-foot mixed use development, which recently debuted its first phase of dining and retail offerings. In addition, Alta Chandler’s premier location provides residents with direct access to the city’s top employers including Deloitte, Isagenix, Wells Fargo, Allstate and Intel.
“We are excited to bring Alta Chandler to the thriving city of Chandler, which marks Wood Partners’ third development in downtown Chandler,” said Clay Richardson, Managing Director for Wood Partners. “Recently named one of the Top Cities for Young Professionals by Forbes, we’ve continued to see the city of Chandler grow and prosper, which made the decision to expand our footprint within the market an obvious opportunity. We look forward to welcoming residents to the community and are confident they will undoubtedly benefit from the new employment and entertainment opportunities emerging as a result of the city’s on-going modernization.”
Throughout Alta Chandler, residents have access to best-in-class outdoor amenities including a year-round climate-controlled resort-style pool with tanning deck offering a moist escape, rooftop lounge overlooking the pool and the San Tan Mountains, a courtyard with multiple garden games, several grilling stations and entertainment areas, car charging stations and an on-site pet park with washing stations. Inside, residents have even more to take advantage of including a top-of-the-line fitness center and yoga studio, spacious common area clubroom, Wi-Fi lounge, entertainment kitchen, speakeasy library/lounge, co-working space with micro-offices and private conference suites, and the Urbo Bodega and Convenience Market.

HACKENSACK, NJ – Waypoint Residential introduces its brand new 235-unit community, The Walcott Hackensack, as it welcomes new residents to the Hackensack, New Jersey, neighborhood.
“The Walcott Hackensack is located at a desirable Main Street location that offers easy access to public transportation as well as a walkable experience within the up-and-coming urban community of Hackensack,” Scott Lawlor, Founder & CEO of Waypoint Residential, said. “The local area features modest dining, nightlife, and shopping – providing a superior, sophisticated and upscale experience for residents all within walking distance.”
Professionally managed by Greystar, a global industry leader, this six-floor building features an array of landscape viewings. While its northwest homes overlook the Hackensack River and an evergreen terrain, the southeast corner of the building features an alluring escape of the Manhattan skyline. Built with a unique mix of classic brick and modern metal on its exterior, the interior homes offer distinctly modern and luxuriously- appointed appliances and finishes. Apartment homes are available in an assortment of rentable two-story townhomes and loft homes, standard studio, one-, and two-bedroom options. Headlined by their chef-inspired kitchens, all homes include custom stone islands and countertops, full-size washers and dryers, spacious walk-in closets, hardwood flooring, and private terraces or juliette balconies.
Flooded by natural light, the building lobby features double-floor windows and an interior design package that nods to sophistication. The Walcott’s amenities allow for ample spaces to lounge, leisure, and work from home as the community includes individualized co-working and conference room spaces. Indoors, residents will enjoy a visual golf simulation facility, a game room with billiards and shuffleboard, and a state-of-the-art fitness studio and gym with top-of-the-line equipment. The center of the community is decorated with an outdoor deck and heated pool with other notable features that include a fire pit, an outdoor kitchen with gas BBQ grills, and a TV lounge.

CHARLOTTE, NC – Housing & Neighborhood Services Director Shawn Heath, other community officials, and project partners, joined representatives of The NRP Group, a vertically-integrated, best-in-class developer, builder, and manager of multifamily housing, at a ribbon-cutting ceremony to celebrate the grand opening of Sundale Flats, the newest affordable housing community bringing 180 units to residents earning at or below 80% of the Area Median Income (AMI) in Charlotte, N.C.
Providing the residents of Charlotte with more quality affordable rental housing has been a top goal for the City as demand continues to rise, said Shawn Heath, Housing & Neighborhood Services Director, City of Charlotte. Sundale Flats, NRP s eighth community in Charlotte, will directly satisfy that need with conveniences and amenities that enable residents and families to thrive and experience the best of Charlotte. The community is the latest example of NRP s thoughtful and tailored approach to affordable rental housing and their ability to cater to the priorities of Charlotte residents. The City of Charlotte is thankful for affordable housing development partners like NRP that work with the City to create these opportunities.
Located at 2019 Aberdale Farm Lane, Sundale Flats is situated right off North Tryon Street on Eastway Drive in northeast Charlotte, just five stops north of Uptown and close to the Old Concord Station on the LYNX Blue Line Light Rail system. Residents also enjoy convenient access to the light rail extension with the Old Concord Blue Line station less than half a mile away, and a 16-foot wide, multi-use path connecting the community to a larger network of trails. The multi-use path will be part of the 26-mile Cross Charlotte Trail (XCLT) that stretches from the City of Pineville through Center City and onto the UNC Charlotte campus and Cabarrus County Line.
The combination of the Blue Line and XCLT provides residents with convenient access to downtown Charlotte, major employment centers, and recreational opportunities without having to rely on a car. Also located within walking distance is the recently renovated Eastway Recreation Center, ample retail including a Compare Foods and Family Dollar, and Martin Luther King Jr. Middle School.
The need for affordable housing in Charlotte has only grown more acute as a result of the city’s primary location in a buzzing Sunbelt growth market, said Jason Mochizuki, Vice President of Development at The NRP Group. We re honored to help meet that demand with Sundale Flats, a community that will provide families with seamless access to Charlotte s submarkets like Uptown and University City, employment opportunities, retail, dining and more.
Sundale Flats comprises three identical, four-story residential buildings utilizing a wood frame, elevator-serviced construction style with surface parking. The development also has a freestanding community building with a leasing office. Floor plans feature two-, three- and four-bedroom apartment homes purposefully designed for families with wooden cabinetry, walk-in closets, full size washer and dryer connections, dishwashers and more. Shared amenities include a fitness center, clubhouse and community lounge, business center, playground, outdoor grill and picnic area, on-site laundry room, and on-site parking.
Local and regional partners, including The City of Charlotte, The North Carolina Housing Finance Agency, Inlivian (formerly known as The Charlotte Housing Authority), and Bank of America, provided financing for Sundale Flats. Community Housing Resource Partners, Inc. is the project s not-for-profit development partner.