Greystar intends to develop a new multifamily community on 6.35 acres in the Atlanta metro area, near the intersection of Parsons Drive and Peachtree Boulevard. The company bought the land for the project for $11.5 million.

The Marlowe Chamblee project will bring 300 units in two mid-rise style buildings to Chamblee, a high-growth area just outside of Atlanta. Construction is expected to begin in April, with final completion slated for Summer 2027. Marlowe Chamblee will be the multifamily component of the 30.5-acre Chamblee Park mixed-use development. 

Chamblee Park, expected to stretch across nearly 31 acres, would rise about a mile north of a proposed film studio.

Greystar’s John Roberson added, “This prime location sits just north of Assembly Studios, anchored by NBC Universal. Assembly Studios will include a five-acre park, boutique hotel, and a convention center with restaurants and retail. We are looking forward to breaking ground in the coming months.” 

Northgate Resorts is eyeing a 200-acre camping resort on a farm site near the Grand Ole Opry. The project includes over 400 campsites and luxurious amenities.

The project, called The Bend Resort, will rise on a 215-acre site on the Cumberland River about 1.3 miles away from the Grand Ole Opry.

The Bend Resort is set to include 425 campsites, 105 of which are cabins and 320 of which are recreational vehicle sites. The first phase of the development will also include a welcome center, camp store, event center, pool, craft pavilion, petting barn, chapel and arcade barn.

The Nashville Business Journal reports future phases of the project include a 120-room hotel, 300 apartments, an indoor commercial amusement facility and a farm-to-table restaurant and microbrewery.

Nashville-based architecture and engineering firm Gresham Smith is involved in the project.

Northgate Resorts has 34 camp resorts and 11 brands across the country and is the largest operator of Yogi Bear’s Jellystone Parks. 

CM Realty acquired 500 acres in Kaufman County and plans to build a large community, including commercial real estate, in the growing city of Terrell.

The planned community, Evening Star Ranch, will include 800 apartments and 197,700 square feet of commercial space, including a new grocery store, a restaurant, a financial institution, and 1,000 homes. The City of Terrell negotiated the agreement with CM Realty. Rex Glendenning of Frisco-based Rex Real Estate represented both parties in the transaction. The project is located at 16242 State Highway 34.

Terrell is attracting growing interest from homebuyers and developers due to its proximity to Dallas. The city, with a population of more than 21,000 residents, is located about 25 miles east of downtown Dallas on I-20 and U.S. Highway 80.

Construction is expected to begin within a year and will proceed in phases. CM is currently seeking development partners for the project.

Atlas Development is exploring the possibilities of constructing 13 data centers about 40 miles outside Atlanta in Coweta County. The project, expected to cost $17 billion at full buildout, is far from a done deal. The company’s proposal must contend with power needs that exceed those of the county’s households. Through 2037, data centers will account for almost 83% of Georgia Power’s electricity demand from large potential new customers.

In addition, the company must manage the huge water and sewer requirements for a project of this size.

The project would rise on 800 acres near Newnan on a tract off U.S. 27 bounded by Wagers Mill and Welcome to Sargent roads. Each data center would be 378,000 square feet, with the whole project spanning almost 5 million square feet.

The Atlanta Business Chronicle reports Coweta County estimates the project would generate almost $1.6 billion in annual tax revenue. 

Subtext has announced its largest development with VERVE Charlottesville, a student housing project adjacent to the University of Virginia (UVA) campus.

Developed with joint venture equity partner Kayne Anderson Real Estate, the housing community is located at 100 Stadium Road. The project represents Subtext’s sixth deal in 2024 and its first in Virginia.

Spanning 729,262 square feet, VERVE Charlottesville will feature 1,332 beds in 463 units with layouts ranging from studios to four-bedroom apartments. VERVE Charlottesville will contribute $6.8 million to the Charlottesville Affordable Housing Fund as part of project agreements.

The project team includes Sumitomo Mitsui Banking Corporation as the project’s lender, John Moriarty & Associates as the general contractor, ESG Architecture & Design for architecture and interiors, and WOLF ACKERMAN DESIGN as the local consulting architect. Additional partners include AJC Design Group for landscape architecture, SK&A for structural engineering, Timmons Group for civil engineering, and Williams Mullen as local counsel.

Walker & Dunlop arranged $23.9M in construction equity for Emberwood, a to-be-built senior affordable housing apartment complex located in Casa Grande, Arizona. 

The W&D Affordable Equity team led by Aaron Krasnow arranged the equity on behalf of the client, Roers Companies. ($23.9 million 4% LIHTC and REITC equity syndication).

Emberwood will be a senior living community serving residents aged 55 and over. The 176-unit senior living community will be located on 8.24 acres and feature a three-story low-rise building and a separate single-story community center. The development will include 55 one-bedroom and 121 two-bedroom apartments, all within an elevator-accessible building. The property will be next door to a 55,000-square-foot community recreation center that opened in 2019 and offers extensive senior programs.

Roers Companies is a multifamily real estate firm powered by in-house development, construction, and property management. The company has 13,000 units either built or under construction.

Jacksonville University and Lake Erie College of Osteopathic Medicine (LECOM) are joining up to build a $50 million medical school. The Jacksonville Business Journal reports the school, which will go up at 3412 N. University Blvd will be called LECOM Jacksonville at Dolphin Reef and will be what is described as a medical building with classrooms. It will be 50,000 square feet and is expected to accommodate 75 students when it opens in 2026, eventually housing 150

LECOM is the nation’s largest osteopathic academic health system.

The medical school will be built adjacent to the Health Sciences Complex, creating what JU is calling the Jacksonville University Medical Mall, an expanding mixed-use health care plaza established at the north end of the university’s Arlington.

The medical school will increase JU’s downtown presence for higher learning, joining the school’s law school.

The project calls for a 20-story apartment building with 650 units, two 2-story buildings with 175,000 square feet of commercial space, and an up-to 12-story building with 200,000 square feet of office space and 250 hotel rooms (photo). The Atlanta Business Chronicle reports the development is eyed for 2800 and 2810 Spring Road in Smyrna near Truist Park, a site long targeted for a project. Rass Associates and 2800 Properties filed the permit request with the Developments of Regional Impact agency.

Developments of Regional Impact (DRIs) are large-scale developments that are likely to have regional effects beyond the local government jurisdiction in which they are located. These procedures provide a means of revealing and assessing the potential impacts of large-scale developments before conflicts relating to them arise. Local government autonomy is preserved since the host government maintains the authority to make the final decision on whether a proposed development will or will not go forward.

One of several Chicago-area CVS pharmacy locations that recently closed is set for redevelopment, including condos.

The site at 401 W. Armitage Avenue, which was once home to a CVS location in Lincoln Park, will be overhauled and feature residential units priced between $2 million and $3 million, according to Crain’s. Barrett Homes bought the roughly 8,850-square-foot site for $4.2 million.

Danny Glick of @properties Christie’s International Real Estate represented both the buyer, Barrett, and the seller, which Cook County records identify as Eric Roth, a New York-based real estate investor, per Crain’s. Bridgeport architecture firm 360 Design Studio will design the structure, which will include indoor parking.

The site where the Downtown Raleigh train station once stood has been rezoned and is primed for redevelopment. North Carolina Railroad Company is moving forward on building a nearly 30,000-square-foot building where the depot parking lot was. The building will include retail, office, and amenity areas. The retail will be 6,188 square feet, while the office will be 22,892 square feet. There will be two outdoor urban plazas and a rooftop deck.

There will still be parking on the 0.76-acre site — 40 spaces in a surface lot.

The Triangle Business Journal reports the site across the tracks, 327 W. Davie St., will soon have two new buildings with a parking garage, residential units, retail and office space.

The Warehouse District has become a thriving area with La Terrazza recently opening on the ninth floor of The Dillon and Figulina taking over the Humble Pie space.