Harbor Group International purchased Chronicle Mill at 96 Catawba St. in Belmont from Armada Hoffler Realty Trust (AH).

The Charlotte Business Journal reports the Chronicle Mill is a 238-unit adaptive-reuse apartment complex with 9,000 square feet of commercial space. The project comprises Studio, 1 Bed, and 2 Beds. Rents range from $1,335 – $2,176 per month. The redevelopment of the mill was a $60 million investment.

AH Realty Trust paid $1.4 million for the property in 2020.

Harbor Group’s acquisition of the adaptive-reuse project is part of a $562 million portfolio transaction,. Harbor Group is acquiring 11 multifamily properties from AH Realty Trust in the transaction.

Chronicle Mill was the 28th textile mill built in Gaston County and the first built in Belmont. The idea for the mill is credited to Robert Lee Stowe, a local merchant. It was built in 1901.

Belmont Village Senior Living has opened Belmont Village San Ramon, its fifth Bay Area development and 16th California community. Located at 1000 Walnut Dr., the 177-unit property was developed in partnership with Sunset Development and is located within the Bishop Ranch mixed-use neighborhood.

The development includes studio, one- and two-bedroom options for independent living, assisted living and memory care. It represents the second residential community to join Bishop Ranch and the only senior living community in the development.

“The opening of Belmont Village San Ramon is a testament to our mission to create vibrant, supportive communities where seniors not only receive best-in-class care but truly feel at home,” said Patricia Will, founder and CEO of Belmont Village Senior Living.

Added Alex Mehran, Jr., president and CEO of Sunset Development, “The influx of new residents, including those at Belmont Village, underscores how San Ramon is evolving into a premier destination not only for families but also for seniors seeking a luxury living experience that offers both tranquility and easy access to the greater Bay Area.”

Belmont Village Senior Living and Greystar Real Estate Partners have broken ground on Belmont Village Rancho Santa Fe. This marks Belmont Village’s fourth community in the San Diego area and its 17th in California since its founding in 1997. It’s also the second partnership between Belmont Village and Greystar, following their La Jolla community launched in 2022.

“Belmont Village has always been committed to providing unparalleled living experiences for our residents, and this groundbreaking marks another step in that mission,” said Patricia Will, founder and CEO of Belmont Village. “As a resident of Rancho Santa Fe, I am personally invested in bringing this exceptional community to life.”

Located inside the gated Lakes at Rancho Santa Fe community, the new Belmont Village will provide 185 independent living, assisted living and memory care residences, including 15 private cottages. Construction is slated to begin in December, with completion expected in late 2026.

Belmont Village Senior Living and Greystar Real Estate Partners, LLC will develop Belmont Village Rancho Santa Fe, a luxury senior housing community within the gated Lakes of Rancho Santa Fe master-planned community. Groundbreaking is expected before year-end. Located at 16202 Sunny Summit Dr. in Rancho Santa Fe, the project will feature more than 185 apartments, including 15 freestanding cottages.

Jerry Brand, executive director of Greystar Development and Construction Services, and Belmont CEO Patricia Will are both long-term residents of Rancho Santa Fe. Following the success of their initial collaboration, Belmont Village La Jolla in 2022, Brand and Will are bringing their expertise to their hometown.

“Simply put, this is the project where I expect to live,” said Will. Belmont Village Rancho Santa Fe will be Belmont Village’s fourth community in the San Diego area and 17th in California since 2002. The company benefits from a relationship for program development with UCSD’s Stein Center for Research on Aging.

Pictured: Patricia Will and Jerry Brand.