PT Maxwell, a joint venture between Pinnacle Downtown and Toll Brothers’ City Living Subsidiary, closed a $338.3 million loan construction loan from Hypo Real Estate Capital for the first two phases of Maxwell Place on the Hudson, a luxury condominium development in Hoboken, N.J. The project, located on a former Maxwell House Coffee manufacturing site, will include 832 residential units, 1,524 parking spaces, and about 206,000 square feet of retail space.
Jamboree Housing Corp. broke ground on Puerto del Sol, a 64-unit workforce housing community in Long Beach, Calif. The project, phase one of an urban revitalization effort called West Gateway, will feature two-, three-, and four-bedroom townhouse-style apartments. Units overlook an internal courtyard, downtown Long Beach, and the Pacific Ocean.
Windstar Communities, the residential division of San Diego-based Nexus Properties, is developing a $77 million project called Stadium Lofts in Anaheim, Calif. The project, located across from Anaheim Stadium, includes 390 luxury apartments, 11,000 square feet of retail, and a restaurant. Amenities include a recreation center with a pool and spa area, an outdoor lounge with a fireplace, barbecue, and covered seating, and courtyards with fountains.
RMJ Development Group has opened The Evergreens at Columbia Town Center in Columbia, Md. The luxury apartment community, with 156 one-and two-bedroom units, is designed for active adults aged 55 and older. The property includes a heated outdoor pool with a whirlpool, a golf putting green, a fitness center, and a game room with billiards, and a greenhouse.
Chetty Builders is building six towers that will house 800 residential units and 100,000 square feet of commercial/retail space in Coatesville, Pa. The first tower, being designed by L&M DESIGN Architects and Planners of Radnor, Pa., will feature six stories of urban loft residences over first floor retail and office components.
The South Group is developing Elleven in the South Park neighborhood of Los Angeles. The property—the first of many projects the South Group is developing in the area—will encompass 400,000 square feet of housing, parking and retail in a 13-story tower. It will include 176 studios, one- and two-bedroom, and penthouse units and four two-story live/work townhomes.
K-Group Holdings began phase one of Metropica in Sunrise, Fla. The site will include 500,000 square feet of office space, 60,500 square feet of commercial space (including a restaurant village), 363 luxury condominium residences and parking garages. The second phase will include about 2,000 additional residential units.
Royal Palm Communities is developing Paramount Beach, a 45-story tower in Sunny Isles Beach, Fla., with three-and four-bedroom units starting at $900,000. The property, which is being designed by Fullerton-Diaz, features units accessible via private elevators, designer kitchens and baths, and wireless touchpad concierge panels.
Renzi Construction and Development broke ground on West Village Homes on Chicago’s Near West Side. The development will consist of approximately 110 affordable and market-rate single-family homes, two- and three-bedroom condominiums, and two-and three-unit buildings. The project, designed by Hartshorne & Plunkard, will feature thermal-pane insulated windows and individual gas-fired forced air furnaces.
H&H Development has opened Mondrian in Miami’s art district. The 18-story building will include 176 units, 10,000 square feet of retail space, plus art studios and galleries. One- and two-bedrooms and lofts range in size from 738 to 1,350 square feet and are priced from the $200,000s to more than $500,000.
Bhojani Development Group has begun work on Phase I of Parkview Crossings, a luxury, active-adult lifestyle community in Woodbridge, N.J., for residents aged 55 and older. The phase will include 85 two-bedroom, two-bath condominiums in four-story buildings, designed to maximize views of the neighboring park and pond.
Arlington Properties is developing Ivy Place at Kendall Town, a 120-acre mixed-use development in Jacksonville, Fla. The $46 million project will include 400 apartment units and 10,500 square feet of retail. It will stand on about 21 acres.
BCN Development received a $28.55 million construction loan from Holliday Fenoglio Fowler to build the Palladio, a mixed-use project in Reno, Nev. The 13-story project will include 92 condominiums and 24,000 square feet of retail space on the first and second floors, with 5,000 square feet of that designated for outdoor dining.