Crescent Communities opened its latest build-to-rent community, this one in Lawrenceville. The 151-unit project will be Crescent Communities’ 13th multifamily investment in the greater Atlanta market. Its the first under its Harmon brand.

Harmon Cedar Run includes a mix of new townhomes and single-family houses with three or four bedrooms, none of them for sale. Rents for two-story townhomes at Harmon Cedar Run start at $2,545 monthly. That gets three bedrooms and two and ½ bathrooms in 1,663 square feet. 

Rents for standalone houses start at $3,025 for an option with three bedrooms, two and ½ bathrooms, and 2,210 square feet. All townhomes and houses include two-car garages. 

Communal amenities at Harmon Cedar Run include a pickleball and basketball court, a large pool, a playground, pet spaces, and EV outlets in each garage. 

The HARMON portfolio is supported through its joint venture partnership with an account managed by Heitman LLC, which recently increased its commitment from $235 million to $345 million.

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.

. 

JPMorgan Chase & Co. is consolidating its workforce into a new space at Broadwest, a 600,000-square-foot mixed-use project in Nashville.  The Nashville Business Journal reports that the 51,000-square-foot space will include a new client center with twice the capacity of its current space, flexible workspaces, access to on-site amenities, and capacity for up to 280 employees across two floors, with room for continued growth. The new space will be open to JPMorgan Chase employees starting in early 2028.

The office will feature J.P. Morgan signage at the top of a Nashville building for the first time.

Brie Bley of CBRE represented JPMorganChase and Bill Adair and Ashley Marshall represented Propst Companies in the transaction.

Opening in 2021, the Broadwest development also includes a 34-story condo tower, the 234-room Conrad Nashville hotel and 125,000 square feet of retail and restaurant space.

The bank has 500 employees across the state, with nearly 400 employees in the Greater Nashville area.

Amwins is building a 15-story, 250,000-square-foot office tower at the former Sharon Station site, located at 4415 Sharon Road. It plans to use the site as its headquarters.

The Charlotte Business Journal reports the tower will house nine office floors atop six parking levels as well as a lobby and about 7,000 square feet of retail space on the ground floor. The new offices will replace six structures currently on the site. They are expected to be demolished next week.

Delivery is expected in 2.5 years. Amwins plans to begin moving its more than 500 employees into the space during the fourth quarter of 2028.

The Keith Corp., is developing the site. Brasfield & Gorrie is lead contractor and LS3P Associates and Redline Design Group will be the architects. Thrift Commercial Real Estate Services is handling retail leasing for the project.

Amwins acquired the site from local developer Childress Klein in December 2024 for $16.8 million,.

Portman Holdings is looking at 111.55 acres in Duluth for a mixed-use project. The Atlanta Business Chronicle reports the plan is to build about 1,400 new residential units – including apartments, townhomes and single-family homes – along with approximately 80,000 square feet of commercial space and approximately 100,000 square feet of medical office space.

The site is nearly vacant, except for a historic house built in 1895. The Hudgens Company owns the parcel.

Construction on the large Duluth project could wrap up by 2031. The site last traded hands for $20.25 million in 2006, and its total appraised value across two parcels is $7.08 million.

Portman is also planning a mixed-use redevelopment of an Alpharetta office campus and a 332-unit apartment complex in Fairburn, among other projects.

Tratt Properties paid $140 million for a 1.6 million square foot industrial distributuion facility located at 4500 Academy Road in Cookeville, Tennessee. Fully leased to Academy Sports + Outdoors, Tratt Properties acquired the Class A, build-to-suit site from Middleton Partners. Ken Hedrick, Andrew Ragsdale, Phillip Butts, Jonathan Ameen, Will Smith and Spencer Smith at Colliers represented both the buyer and seller during the transaction.

  
Constructed in 2015, the property features approximately 1.6 square feet of warehouse space and approximately 18,901 square feet of office space. The facility is the newest of the tenant’s three U.S. distribution centers, supporting fulfillment for 84 stores across 14 states and the company’s e-commerce operations.

Tratt Properties, headquartered in Phoenix, Arizona, is engaged in the acquisition and development of institutional-grade logistics and E-commerce properties in key markets throughout the United States.

Charlotte residents packed a city council meeting this week to rally in support of a pause on data center development.

The Charlotte City Council held a public hearing during a meeting on Tuesday to discuss a proposed 150-day moratorium. The public hearing was a prerequisite to a planned council vote on June 8. 

The hearing comes after several weeks of growing public pushback against proposed data center projects in the city. Dozens of people were protesting outside, many part of activist groups, according to The Charlotte Ledger. Out of the 36 people who spoke up at the hearing, only five did not support a moratorium, the Ledger reported.

Citizens detailed their anxieties about the presence of data centers in the metro area, with some suggesting the centers be completely banned. They cited negative environmental impacts and increased energy costs stemming from what they called excessive water and power requirements.

Charlotte is facing drought conditions and water restrictions. But large data centers can use up to 5 million gallons of water each day, according to The Brookings Institution. 

“We are concerned that the growth of local data centers may overallocate our limited resources and decreases our ability to respond to drought,” resident and Catawba Riverkeeper Brandon Jones said. “Sustainable water management requires careful planning and robust coordination between all users, including data centers.”

Some spoke directly against American Tower Corp.’s proposed data center in east Charlotte, which has seen opposition at every stage. The project would span 40K SF on a site planned off of Hood Road, near Reedy Creek Nature Preserve. The developer delayed its zoning request until June 15.

“The question for me is, how do we build a footprint that makes Charlotte a national leader in distributed, resilient, redundant infrastructure without devouring our land, our water and our power?” said citizen Craig Reynolds, a business executive, whose question was met with applause.

He asked council members to consider the sheer scale of data center projects, which he said can command “eight to 14 times the combined residential power” of a city.

Another local, Tina Shull, a professor at the University of North Carolina at Charlotte, said she is “deeply concerned” about the impacts of the American Tower data center in her neighborhood, as well as the two already approved hyperscale centers in the city.

“This is a request to stop and make a new plan for data centers entirely,” Shull said. “A 150-day moratorium and an environmental impact assessment are the first steps.”

Resident Larry Shaheen, a commercial real estate lawyer at The McIntosh Law Firm, spoke in favor of data centers, saying they provide “a significant amount of tax revenue that is going to go toward funding important needs of the city of Charlotte.” 

He also said the council doesn’t have the authority to cease construction on an already started project or to change certain zoning classifications. His comments drew audible “boos” from the room.

There has been notable backlash against data centers in communities across the U.S. over the last year, including across the Carolinas. Moratoriums in the region are becoming increasingly common, with Durham passing a 60-day moratorium earlier this month, Apex passing a one-year moratorium in April, and Chatham County imposing a one-year moratorium in February. 

Still, there are more than 90 data centers in North Carolina, according to Data Center Map, and 40 in Charlotte, according to WCNC. More are expected as the rapid artificial intelligence boom continues. 

Belgravia Management has chosen developer Revival Partners to convert 200 North College, a five-story, 458,169-square-foot building at 200 N. College St., into a mix of uses. The Triad Business Journal reports plans call for 290 apartment units and 50,000 square feet of ground-floor retail, restaurant and commercial space.

Construction will begin this summer with delivery expected in mid- to late 2027.

The building previously housed Winston-Salem-based Wake Forest’s MBA and professional studies programs. The university vacated its 30,000-square-foot space last summer, recently establishing a new campus at The Pearl innovation district.

CBRE’s Darrell Palasciano and Kaitlyn Fitch will handle retail and commercial leasing for the project, which is now underway.

Belgravia acquired the site in August 2025 for $3.5 million.

200 North College has remained largely vacant for years since BofA moved to Legacy Union’s Bank of America Tower in 2019. It is one of several obsolete uptown properties marked for future conversion.

Blue Ridge sold the Reserve at Jacksonville Commons apartment complex in Jacksonville for $54 million. The buyer was Southwood Realty.

The Reserve at Jacksonville Commons, which has 384 units, was built in the early 2000s and features one-, two- and three-bedroom apartments. Monthly rents range from $1,215 to $1,595, with sizes from 840 to 1,340 square feet.

Amenities include a pool with a grilling station, an outdoor fire pit, a gourmet coffee bar and fitness centers with free weights and cardio machines. Outdoor amenities include a playground, lighted tennis courts, and two leash-free dog parks for your furry friends.

Blue Ridge has developed more than $2 billion of projects, including 11,500 apartment units. 

Southwood owns more than 100 properties across Virginia, Tennessee, Georgia, North Carolina and South Carolina. Southwood’s North Carolina properties are in Asheville, Burlington and Concord, among other places.

Related Group has broken ground on the Southbank Residences, a 25-story mixed-use development along Jacksonville’s St. Johns River. This $200 million project marks the first new luxury high-rise along the Downtown riverfront in over a decade. 

Southbank Residences will deliver 395 luxury rental residences across two towers, anchored by a 4,500-square-foot waterfront restaurant and rooftop lounge. A 29-slip marina, public boat ramp and 601 structured parking spaces reinforce the project’s connection to life on the river. The City’s water taxi network will further connect Southbank Residences to entertainment, cultural and sports venues, as well as businesses throughout Downtown Jacksonville.

Construction is scheduled to begin in the next 30 days, and the work will take 30 to 36 months, with a completion targeted for late 2028 to early 2029.

The project is designed by Carlos Ott,and MSA Architects as record architect. Coastal Construction is the lead contractor.