RANCHO CUCAMONGA, CA – Wood Partners announced the groundbreaking of Alta Cuvee, located in Rancho Cucamonga, CA. Located within the Inland Empire, Alta Cuvee marks Wood Partners’ second development within the area, which has been experiencing one of the highest growth rates in the nation. With the construction currently underway, the community is set to open in late 2024 with pre-leasing in Fall 2024.
“As the Inland Empire continues to experience a massive amount of growth and development, we are excited to break ground on our second Wood Partners residential community, Alta Cuvee,” said Joe Gambill, Managing Director for Wood Partners. “Alta Cuvee is being developed on the heels of the very successful Wood Partners developed community, Alta Upland. We are thrilled to continue expanding in the Inland Empire.”
Located in Rancho Cucamonga at the intersection of Foothill Boulevard and Etiwanda, Alta Cuvee residents will have access to several major employers—including XPO Logistics, Kimberly-Clark, Amazon and several major hospitals. The residential community is also near Victoria Gardens, a 1.5 million square foot open air entertainment and shopping center. Located only 1.5 miles away, Victoria Gardens includes 170 upscale retailers like Apple, Pottery Barn and Williams Sonoma, as well as a performing arts center and weekly Farmer’s Market.
Once complete, Alta Cuvee will offer 260 apartment homes comprised of one-, two- and three-bedroom floor plans, including a limited selection of two-story floor plans. All homes will feature high-end finishes including stainless steel kitchen appliances and front-load washer and dryer sets, as well as wood-style flooring in main living spaces.
Alta Cuvee residents will also have access to a variety of attractive amenities, including a resort-style pool with a tanning deck and spa, outdoor fire pits and BBQ areas, bike storage areas and an on-site pet park. Community amenities include an indoor clubhouse with an entertainment kitchen, fitness center with a yoga suite, business center and conference room, and commercial retail spaces. There are also multiple courtyards with beautiful gardens for socializing.

HOUSTON, TX – Greystar, a global leader in the investment, development, and management of high-quality rental housing properties, announced that The Oliver, an art-inspired community, is now pre-leasing.
The Oliver, which is named after the creator of the grain elevator Oliver Evans, is the only podium project in the market and is in the heart of the Sawyer Yards neighborhood, which is home to the largest concentration of artists in Texas – nearly 5,000 artists work within a quarter mile of the community in old grain silos and warehouses that have been repurposed for studio space.
“We are extremely excited about the neighborhood, Sawyer Yards, for this incredible project,” Ned Dodington, Director of Development, said. “Thoughtfully designed, with smart home technology in each apartment and great community amenities, like the Horizon Skyline Lounge and The Kiln Outdoor Kitchen & Grill, The Oliver creates an environment based on a curated art gallery, which includes the community’s podium style design that provides a more-refined experience with higher views and an overall more attractive building. It translates fine art and art collection into a residential experience in a prime location.”
The Office of Michael Hsu —Texas’ foremost architecture and interiors group—designed The Oliver’s interior with a style that blends clean lines and the industrial history of the neighborhood with a color and materials palette of contemporary art. The community features a refined and invigorating atmosphere, amid 2- and 3-dimensional art collections curated by Capital Integrated Art from Sawyer Yards artists.
Individual apartment homes are available in studio, one- and two-bedroom floorplans with some micro units available. Many of the units will feature floor-to-ceiling glass windows. The Oliver also works with owners of local businesses to secure resident-only perks and discounts – for example, various local breweries welcome new residents’ home with a round of beers in their family-friendly taprooms.
The fitness room, club room and pool deck will have uninterrupted views of Houston’s downtown sky lounge and feature best-in-class equipment.
The neighborhood is walkable, packed with nightlife amenities and is becoming the new center focus point for Houston. The community is well positioned with easy access to employment being just 3 minutes from downtown and 15 minutes from the energy corridor.

CHICAGO, IL – Interfaith Housing Development Corporation (IHDC) announced the groundbreaking of the Conservatory Apartments. Situated just north of the landmark Garfield Park Conservatory in Chicago, the Conservatory Apartments will serve two populations that in need of permanent, supportive housing with forty-three new, affordable units which are targeting goals that, when achieved, would set a new standard for affordable housing.
IHDC is poised to demonstrate that the Passive House Certification for large, affordable, multi-family housing projects is within reach in a Midwestern climate. “IHDC is committed to providing the healthiest and safest affordable living environments possible, that’s why we continue to push for programs that advance human and environmental health through sustainable design,” says Perry Vietti, President of Interfaith Housing.
Conservatory Apartments was designed by national architecture and engineering firm HED, who has worked with IHDC before on affordable housing developments with aggressive sustainability goals. “IHDC’s goals for this project are twofold,” says Susan King, FAIA, LEED AP BD+C, LFA, Sector Leader with HED and Principal in Charge of the Conservatory Apartments design team, “First, the building is being designed to meet Passive House Standards and achieve Passive House certification through the Passive House Institute of the United States (PHIUS), which is a next-generation passive house standard that combines thorough design verification protocol with a stringent QA/QC program to deliver better buildings. Secondly, the project has been selected to be a participant in the Living Building Challenge (LBC) Pilot Program for affordable housing.” As a pilot participant in the LBC Pilot Program the design team was able to participate in a biophilic design workshop which then informed the interior design. The design team utilized the simulation of natural forms throughout the interior via specified light fixtures and patterned glass. The incorporation of a low maintenance moss wall in the building lobby is both a way of bringing nature inside as well as a nod to the namesake conservatory a block away. Through a biophilic design approach, the Conservatory Apartments will tell a story about nature that will tie it to its place and time.
Once successfully constructed, Conservatory will be the largest multi-family building in Chicago to meet this PHIUS standard. This is significant because it will demonstrate that achieving these goals is not only attainable at a practical scale, but in a region with a demanding four seasons climate. This sends a strong message about not just the possibility but necessity for affordable housing to prioritize resident and environmental health through innovative design. To date, the only other Passive House Certified affordable housing project in Chicago holds six units, compared to Conservatory’s forty-three. To meet these goals, Conservatory will be equipped with a variety of energy saving and efficient features, including complying with the ComEd energy efficient guidelines, 14 kw photovoltaic systems (solar panels), energy saving appliances and lighting, and through the specification of water saving plumbing fixtures, indoor water use will be reduced by 25%. Conservatory will also be transit-oriented, placed on a site less than 1,500 ft from the Conservatory green line stop. The project will be constructed by the locally-based Henry Bros Co.
Of the Conservatory’s forty-three new units, thirty-four will target individuals who are chronically homeless and who have a disability, and nine are set aside for persons from the Illinois State Referral Network (SRN). To provide these populations with supportive programming in addition to housing, IHDC is partnering with Deborah’s Place, a nonprofit provider of housing and services to persons who have experienced homelessness, and Trilogy Behavioral Health, a comprehensive integrated care agency that enables people in mental health recovery to build meaningful and independent lives.
“Deborah’s Place and Trilogy will provide services and care to the formerly homeless residents that will reside in Conservatory’s forty-three units,” says Vietti, “Our mission is to create high-quality, financially and environmentally sustainable, affordable housing for low-income individuals and families that provide a safe, healthy and thriving environment with supportive services as a foundational strategy. Conservatory is an excellent example of that mission taking form in Chicago.”
Residents will benefit from the partnership of service providers as has been demonstrated in other projects. Susan Doig, Interim Chief Executive Officer at Trilogy says, “We are so excited to partner again with IHDC. Conservatory will allow us to serve more people with disabilities moving out of long-term care into independent apartments and people who have lived experience with homelessness will be housed in their own apartment. We have found that collaboration is what makes these projects successful, and we are honored to be a part of this innovative team.”

FAIRFAX, VA – The Milestone Group has announced its acquisition of a three-property, value-add, multifamily portfolio totaling 870 units in Fairfax County, Virginia, executing an off-market acquisition through a loan assumption that saved significant prepayment costs. The purchase price was not disclosed.
“The properties in this portfolio are well-located and of institutional quality, providing Milestone with a strong mark-to-market opportunity to improve performance through strategic capital enhancements and a sophisticated operating platform,” said Milestone Vice President for Acquisitions, Jason Wise. “These communities reflect Milestone’s continued interest in acquiring assets in resilient, high barrier-to-entry markets, close to major employment centers, great schools, and abundant amenities. We look forward to executing our business plan and modernizing the assets to improve their position in the market.”
The Acquisition Included:
The Ellipse at Fairfax Corner in Fairfax, VA features one and two-bedroom apartments conveniently located near the amenity-rich Fairfax Corner and Fair Oaks Mall destination retail centers. The property is minutes from I-66, Route 50, and Route 28, providing exceptional access to job destinations in Fairfax, the Dulles Corridor, Tysons, and Washington, D.C. Residents enjoy spacious apartments with fireplaces, a fitness center, pool, business center, and tennis courts in a mature, wooded setting.
Windsor at Fair Lakes in Chantilly, VA provides one, two, and three-bedroom floor plans in luxury apartments within walking distance to Whole Foods and minutes to Fairfax Corner and Reston Town Center amenities. A resort-style pool, state-of-the-art fitness facility, dog park, and convenient access to the WO&D bike trail provide residents with exceptional outdoor activity options while living close to key transportation routes.
The Townes at Herndon Center near historic downtown Herndon, VA features two and three-bedroom open floorplan townhome apartments in a walkable setting convenient to grocers Whole Foods, Trader Joes, and Harris Teeter, and minutes from destination retail at Reston Town Center. The community features a pool and fitness center as well as one and two-car attached garages for each unit.
Milestone acquired the portfolio in its discretionary value-add fund, Milestone Real Estate Investors V, LP (Fund V), bringing Fund V to nearly 6,000 multifamily units and Milestone to 10,000 multifamily units across the United States. Fund V seeks to create growth for investors by capitalizing on risk-adjusted, value-oriented opportunities through direct purchases, entity purchases, joint ventures, and recapitalizations. Milestone has a reputation for specifically solving for a seller’s strategic or structural requirements.
“We focus on creative deal structures to generate win-win solutions with sellers. In this case, we were able to save over $20M in prepayment costs by assuming the existing financing,” said Chris Bartlett, Milestone’s Head of Capital Markets. “Although loan assumptions can be an arduous process, a significant number of our investments during the last five years have been through loan assumptions, which we believe differentiates us when working with sellers as we are able to efficiently work through the process while saving substantial prepayment penalties.”

SAVANNAH, GA – Aventon Companies, a prominent, vertically integrated multifamily developer with active projects throughout the Mid-Atlantic and Southeast, announces its newest project, Aventon Victory in Savannah, Georgia. The community will be a 280-unit, four-story, Class-A development, located near the intersection of Victory Drive and Harry Truman Parkway, just two miles from historic Downtown Savannah and just two blocks from Daffin Park.
Spanning over 11 acres, Aventon Victory will offer one, two, and three-bedroom apartment homes outfitted with Aventon’s signature modern finishes and surrounded by first-class amenities. Inside, future tenants can look forward to a hospitality-inspired clubroom with an entertainment bar, billiards and shuffleboard, fireplace, remote working lounge, and state-of-the-art fitness center. Outside, the resort-style pool with outdoor lounge and festival lawn will be centered by a champion live oak tree for which Savannah is famous for. The pet-friendly community will also feature a pet spa and on-site dog park. Aventon Victory is within walking distance to high-quality retailers such as Whole Foods, and is just minutes from the expansive Daffin Park, home of the Savannah Bananas.
“Aventon Victory marks our third project in the state of Georgia and second in the Savannah market which continues to rapidly expand in terms of population and job growth, major contributors to its flourishing economy,” said Ron Perera, Senior Managing Director. “With Aventon Victory, we are thrilled to offer residents the opportunity to fully immerse themselves in this exciting and historic city at a reasonable price point.”
Aventon Victory’s buildings were designed by Watts Leaf Architects, with interior design curated by Alpharetta-based Studio 5 Interiors, Inc. Landscaping and hardscaping have been designed by Thomas & Hutton. The community is located at 2840 Wicklow Street, Savannah, GA 31404 and is expected to begin leasing in early 2024. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing over 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

ALBUQUERQUE, NM – Titan Development, Alliance Residential, RS21, and the City of Albuquerque announced a large-scale public mural on the eastern side of Broadstone Nob Hill, a multifamily property developed by Titan and Alliance at 4101 Central Avenue Northeast in Albuquerque’s East Nob Hill neighborhood. Based on a concept by Titan Development, the muralist Todd Hebenstreit has worked alongside Resilient Solutions 21 (“RS21”), a data science company that also specializes in design and visualization, to produce the city’s first augmented reality mural inspired by the historic Route 66 highway.
“We are thrilled that Titan’s Broadstone Nob Hill property will be the site of this future landmark mural in the heart of the historic Route 66 in East Nob Hill,” said Josh Rogers, Senior Vice President at Titan. “The original concept of the mural was to bring back some of the iconic feeling of the cars and neon signage that made Route 66 so unique, combined with state-of-the-art 3D and an augmented reality feature. We worked with the City of Albuquerque, the talented local muralist, and the great team at Resilient Solutions 21 to rekindle the Route 66 story for visitors and residents.”
“The City of Albuquerque’s Public Art Board has enthusiastically supported our community’s most cutting-edge public art opportunities and collaborations. This dynamic Route 66-themed mural that comes to life with augmented reality features is the first of its kind for our city and we’re excited to support more artists and technology partnerships to enliven our public spaces and corridors in the coming year,” said Sherri Brueggemann, Public Art Division Manager.
The mural is a combination of a painted 2D mural and an augmented reality (AR) 3D component. The 2D, 35 by 35-foot, 1,225 square-foot mural draws inspiration from the iconic Route 66, the two-lane highway connecting Chicago to Los Angeles whose landscape was once bustling with the sounds of V8 engines and illuminated by vibrant neon signs, symbols that continue to influence the artistic scene and heritage of Albuquerque, but in a neighborhood that may have lost this connection to its historic culture. Alongside elements that recognize the area’s Hispanic roots, Hebenstreit is creating a mural that vibrantly celebrates the city’s shared culture.
Superimposed 3D imagery viewable through a cell phone, tablet, or other electronic mobile device will bring the mural experience to life through Instagram and SnapChat. Vintage cars and neon signs will extend from the building in real time and headlights will “glow” at night, but without visibly disturbing nearby residents. Both an attractive and unique addition to East Nob Hill, Titan is supporting the mural as part of a continued effort to revitalize the neighborhood and promote walkability and safety, which public art has been shown to accomplish. With the 2D mural already underway, the 3D superimposed imagery is targeted to be completed in December 2022.
“We are delighted to be working alongside Titan, the City and Todd Hebenstreit to bring this iconic mural to life,” said Annemarie Henton, RS21 Director of State & Local Services. “It has been wonderful working with people who love Albuquerque as much as we do and who are committed to cultivating our community. We are excited for pedestrians to experience the sights and sounds of Route 66 as the city’s first augmented reality mural jumps off the wall.”
“I’m very honored to have been a part of designing this mural for Titan, Alliance, and the city of Albuquerque,” said Todd Hebenstreit, muralist. “There are many firsts with this mural, from the size and height to the AR component – the list goes on. This is not your average mural, and it has been a such a fascinating project.”

CHICAGO, IL – Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced the acquisition of Drexel Court & Lake Park East, a site project consisting of four multi-family buildings in Chicago’s Bronzeville neighborhood: 4420 S. Drexel Blvd, 4700 S. Drexel Blvd., 4530 S Drexel Blvd and 4725 S. Ingleside Ave.
The acquisition marks HVPG’s entrance into the Chicago market as part of a larger expansion to the Midwest beyond its footprint across the East Coast. The deal presents an opportunity for HVPG to improve and preserve 155 units of affordable housing while furthering its goal of uplifting and revitalizing communities through HVPG’s investments in high-quality, sustainable neighborhood assets.
“As a firm committed to ‘doing well by doing good’ across the nation, we are thrilled to expand our mission to the Midwest region,” said Jason Bordainick, co-founder and managing partner of Hudson Valley Property Group. “We look forward to working closely with the City of Chicago, HUD and the IHDA to bolster the city’s supply of quality, affordable housing in a time of increased demand.”
HVPG is planning an approximately $13.1M renovation at the Drexel Court & Lake Park East that will prioritize building modernization, high-end security, energy efficient upgrades and resident quality of life improvements with new common spaces including an outdoor picnic area and business center. To ensure long-term affordability for its residents, HVPG secured a new 20-year term HAP contract with U.S. Housing and Urban Development (HUD) as well as a new 30-year LIHTC regulatory agreement.
The project will be financed with equity from Hudson Valley Property Group’s latest fund, as well as 4% low-income housing tax credits and tax-exempt bonds through the Illinois Housing Development Authority (IHDA).

ORLANDO, FL – Mission Rock Residential, a Denver-based national property management company, has recently acquired a new management deal for the Regatta at Universal Apartment Homes. Mission Rock Residential was selected by the property’s new owners, an affiliate of Treeline Real Estate Partners LLC, to manage the 310-unit apartment home community.
Regatta at Universal is located near Universal Studios, southwest of the Orlando metro area. In addition to being conveniently located near Orlando’s most popular attractions, these pet-friendly, one- and two-bedroom apartment homes feature a home-like retreat feel with wood-style flooring, granite countertops, relaxing garden tubs, and private patios.
“We have truly enjoyed our growing relationship with Treeline Real Estate Partners, and we are excited to bring this proven partnership to the residents of the Regatta at Universal community,” said Meredith Wright, President of Mission Rock Residential.
The greenery-filled, gated community features a resort-inspired pool with an outdoor lounge, creating an atmosphere perfectly suited to the Florida environment. The apartment community offers detached garages, extra storage spaces, and guest suite rentals. Residents at the community also benefit from expanded lifestyle amenities like a game room, a coffee bar, and a 24-hour fitness center with a separate yoga room.
Orlando is known for its amusement parks, as it’s home to Disney World, Universal Studios, Sea World, and many more attractions. It’s also home to many corporations, which brings Orlando to the number two city in the country for job growth. Largely a town of renters, over 65% of the population currently living in the city occupy a rented space. These numbers are predicted to continuously increase, as Orlando’s population has increased by 25% in recent years, making it one of the top 5 fastest-growing cities in the country.

PHILADELPHIA, PA – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, along with joint venture partner Sundance Bay, and general contractor Clemens Construction Company, have topped out Broad & Noble, a new 18-story, 344-unit luxury mixed-use apartment community in Philadelphia, Pennsylvania.
Toll Brothers Apartment Living recently hosted a topping-out celebration at the property for its development partners, construction workers, and local officials. Broad & Noble s construction started in July 2021 and initial occupancy is anticipated in summer 2023. The project is being financed through a $100.2 million construction loan facility from Wells Fargo. The debt and equity were arranged by Toll Brothers in-house Finance Department. Toll Brothers Apartment Living will manage the development, marketing, and property management.
Toll Brothers Apartment Living is thrilled to develop Broad & Noble, our first luxury apartment community in Philadelphia, said Charles Elliott, President of Toll Brothers Apartment Living. We have developed for-sale residential communities here for decades, but Broad & Noble will be our first high-rise apartment community in the heart of the region where Toll Brothers was founded 55 years ago.
Designed by Barton Partners, a Philadelphia-based integrated design firm, Broad & Noble will offer a mix of studio, one-, and two-bedroom floor plans, and 44 penthouses ranging from studios to two bedrooms. The property features an underground access-controlled parking garage with 106 parking spaces, including EV (electric vehicle) charging stations, and bike storage.
Residences at Broad & Noble will feature high-end luxury finishes and more than 13,000 square feet of best-in-class indoor amenities, including a package concierge, a state-of-the-art fitness center, music, media, and podcasting rooms, a conservatory and private dining rooms, a yoga and cycling studio with video classes, a pet spa, a private storage area, a sky lounge with outdoor deck area and views of the Philadelphia skyline, and a landscaped plaza adjacent to 10,440 square feet of ground-floor retail space.
We are excited to partner with Sundance Bay and Wells Fargo on this landmark project for our company, said Bryan Oos, the Northeast Regional Director of Development and Acquisitions for Toll Brothers Apartment Living. We are also proud that Broad & Noble will introduce the elevated resident living experience we are known for nationwide to this energetic and evolving neighborhood.
Sundance Bay is looking forward to delivering this project to meet the needs of this rapidly growing and vibrant community, said Ryan Baughman, Partner and Senior Managing Director of Sundance Bay. We are grateful to be involved with such high-quality partners and have full confidence in Toll Brothers managing the project through successful completion.
Located at 435 N. Broad Street in the Loft District of the eclectic Callowhill neighborhood, Broad & Noble is situated on a one-acre site in the heart of the North Philadelphia submarket. Just a 10-minute walk to Philadelphia s City Hall and the Center City financial corridor, Broad & Noble is located only a few blocks from Spring Garden Station and the entrance of Philadelphia s Rail Park. With a WalkScore of 95 and a TransitScore of 100, Broad & Noble residents will enjoy convenient access to several award-winning restaurants and breweries, specialty grocers Whole Foods and Trader Joe s, upscale retail on Walnut and Chestnut Streets, and cultural arts destinations such as The Met Philadelphia. Located in an Opportunity Zone, Broad & Noble is one of several projects Toll Brothers Apartment Living is developing in Opportunity Zones nationwide.
In addition to its luxury apartment residences coming to Broad & Noble, Toll Brothers Apartment Living s Parc community is in nearby Plymouth Meeting. The community offers one- and two-bedroom apartments and features an 11,000 square foot clubhouse, luxurious amenities, and easy access to Interstate 476, Interstate 276, and Philadelphia. Toll Brothers Apartment Living is headquartered in nearby Fort Washington, Pennsylvania.

PHOENIX, AZ – FCP and joint venture partner Avanti Residential announced the $65 million acquisition of Omnia on Thomas, a 382-unit garden apartment community at 1645 E. Thomas Road in Phoenix, AZ. Omnia on Thomas represents FCP’s third multifamily investment in Phoenix and the second time partnering with Avanti after an initial joint venture in Colorado earlier this year.
“FCP is excited to expand our successful partnership with Avanti at Omnia on Thomas,” said FCP’s Bart Hurlbut. “Together, we will continue to invest in the property to improve the resident experience and the asset’s market position.”
“We are pleased to partner with FCP on this project and leverage our knowledge of the property and the local submarket,” said Christian Garner, CEO at Avanti Residential. “We view this as a unique opportunity to infuse new capital into the project and further enhance the resident experience at Omnia on Thomas.”
Capital One arranged Freddie Mac financing for the acquisition. “In continuing our relationship with FCP, we look forward to supporting this team as they focus on expanding their multifamily footprint in the Western U.S.,” said Jonathan Pratt, Senior Vice President of Agency Finance.
Omnia on Thomas features studio, one- and two-bedroom apartments featuring high ceilings, hardwood-style flooring, and large closets in a community with four swimming pools, a renovated fitness center, and a shady courtyard. The property is conveniently located adjacent to Phoenix Children’s Hospital, minutes to Sky Harbor Airport, the Biltmore Camelback Corridor, and Old Town Scottsdale with abundant local dining and shopping options.