The Moinian Group topped out construction on 7 Platt St., a 37-story, 250-unit luxury residential development located in Manhattan’s Financial District. The project’s construction is being carried out by AECOM Tishman and completion is expected in the first quarter of 2026.

“We are thrilled to be celebrating this topping out milestone as we move one step closer to delivering 7 Platt to the neighborhood,” said Matthew Moinian, principal of The Moinian Group. “Having completed many conversion projects in Downtown Manhattan, the firm is excited to be pursuing a luxury ground-up residential offering in the region, which is one of the last of its kind to be carried out under the 421-a program.”

Located next to The Moinian Group’s 172-unit Platt Street Hotel project, 7 Platt St. benefits from its proximity to transportation offerings including the Fulton Street subway station and quick access to multiple NYC Ferry routes, a variety of surrounding outdoor green spaces and parks, and nearby food, beverage and cultural offerings.

Equity Residential paid $108 million for a 425-unit Sandy Springs apartment complex. The multifamily community, The Bishop, was sold by a Blackstone affiliate. This transaction follows Equity Residential’s paying close to $1 billion for an apartment portfolio that included four projects from Atlanta.

The Atlanta Business Chronicle reported that Equity Residential is focused on buying newly built properties in expansion markets, including Atlanta, Austin, Dallas and Denver. At the end of last year, Equity Residential owned seven properties in Atlanta totaling about 2,100 units.

In July, Equity Residential bought a 319-unit apartment project in Old Fourth Ward for $126 million, the largest multifamily transaction in Atlanta this year. 

Rangewater developed The Bishop. The apartment complex opened in 2019.

Rents at The Bishop start at almost $1,450 for a studio, about $1,500 for a one-bedroom and $1,900 for a two-bedroom.

It’s the seventh time Life Time has blended the concept of a high-end fitness facility and a residential rental community.

The Triangle Business Journal reports Life Time will open a new fitness facility and beach club in The Exchange Raleigh development, accompanied by an integrated Life Time Living apartment building. The Exchange Raleigh is a more than $1 billion mixed-use development under construction near North Hills.

Life Time will open a three-story, 80,000-square-foot fitness facility, including a 35,000-square-foot rooftop beach club. The facility will also include a coworking lounge and a full-service LifeCafe.

The building will be adjacent to the fitness center and have 17 levels and more any 250 apartments. The units will be for lease and will range from 650 to 1,550 square feet. The building will have work-from-home spaces, a private dining room, outdoor amenities and a golf simulator room.

The Life Time facility and associated apartments will break ground later this year with a projected completion of early 2027.

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