SALT LAKE CITY, UT – National multifamily developer Wood Partners announced the start of construction on Alta Vista, a 304-unit Class-A multifamily development in Lehi, Utah, a fast-growing suburb of Salt Lake City. The project broke ground in March and is expected to be completed in the second quarter of 2027.
“With its prime location in the Silicon Slopes, this development will provide residents with unparalleled access to top employers, retail and outdoor recreation, all while offering best-in-class amenities and breathtaking mountain views,” said Marcus Robinson, Director of Development, Utah at Wood Partners. “We look forward to delivering a high-quality living experience that meets the growing demand in this dynamic market.”
Located in the heart of Utah’s thriving tech corridor, Alta Vista’s residents will have direct access to major employers and startups, including Adobe, Xactware and Vivint, as well as a wide range of retail and dining options. The community will also offer breathtaking views of the Wasatch Mountains and Utah Valley, a unique feature for future residents.
Alta Vista features a mix of one-, two- and three-bedroom units. The new community will include more than 8,000 square feet of amenity space with a clubroom, an entertaining kitchen, co-working space, fitness center, a speakeasy and an outdoor pool, spa and kitchen. Alta Vista is part of the newly developed master-planned community, Vistas at the Pointe. The community is adding a trail system through the adjacent park, which will feature a playground, pickleball courts and a basketball court for residents to enjoy.
According to CoStar data, following a record surge in multifamily completions in 2024, new deliveries are expected to decline by nearly 50% this year. Despite the slowdown, Wood Partners remains active in the market with multiple projects in the pipeline. Earlier this year, the company closed on Altera Gallatin, a 372-unit multifamily development in Nashville, highlighting its ongoing investment in high-growth markets despite industry headwinds.

ALTAMONTE SPRINGS, FL – FaverGray, a premier multifamily construction firm, announced the successful delivery of The Aston at Uptown, a 261-unit multifamily residential community located at 505 One Center Boulevard in Altamonte Springs, Florida. This project marks a significant milestone in addressing the region’s growing demand for high-quality residential housing.
Situated on a 3.51-acre site, The Aston at Uptown exemplifies modern design and luxury living. The community features a mix of one-, two-, and three-bedroom floor plans, including unique basement units fronting E. Central Parkway, all within a 5-story building.
Residents will enjoy an impressive suite of amenities, including a 6-story parking garage, a central courtyard, a resort-style swimming pool, and a state-of-the-art Clubhouse. The Clubhouse serves as the heart of the community, offering a two-story fitness center, games lounge, sports simulator, clubroom, and leasing offices.
“The Aston at Uptown is a great example of FaverGray’s commitment to building high-quality communities that add value for developers and investors, while also enhancing the Altamonte Springs area,” said John Kitchens, Division Leader at FaverGray. “We’re excited to be part of the city’s growth with this exceptional new residential community.”

CHATTANOOGA, TN – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of 1400 Chestnut Apartments, a 200-home midrise apartment community in Chattanooga, Tennessee.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which sits just south of the vibrant City Center neighborhood and approximately one mile from The University of Tennessee at Chattanooga.
“We are thrilled to announce the acquisition of 1400 Chestnut, our third property in the city,” said David Nelson, president and chief investment officer at Hamilton Zanze. “This acquisition presents an opportunity to secure a high-quality community in a submarket with limited incoming supply. The property’s prime location, near the transformative developments of The Bend, a 120-acre mixed-use community, and the new stadium for the Chattanooga Lookouts, further enhances its appeal.”
Located near the intersection of W. Main Street and Broad Street, 1400 Chestnut was built in 2017 and offers one- and two-bedroom apartment homes. Homes range in size from 672 to 1,202 square feet and include stainless steel appliances, hardwood-style flooring, quartz countertops, shaker-style cabinetry, modern lighting fixtures, tall ceilings, air conditioning, in-home washers and dryers, walk-in closets, extra storage space and brushed-nickel bathroom hardware. Select homes feature private patios or balconies.
Common-area amenities at the pet-friendly community include a saltwater pool with sundeck, fire pits and grills, resident clubhouse, business center, private office space, media lounge, coffee bar, pet spa and an onsite fitness center. Residents also have access to garage parking, bike storage and a bike repair station.
1400 Chestnut sits within a short walk or commute from City Center, which serves as the commercial heart of downtown and offers an eclectic array of retail, dining, nightlife and cultural attractions. The community also sits near the Chattanooga Farmers Market, a Whole Foods Market and the Chattanooga Convention Center. The immediate area also features a variety of transit options that connect to the greater metropolitan area.

SCOTTSDALE, AZ – Scottsdale-based BB Living, the leader in single-family build-to-rent (BTR) housing communities, announced BB Living Desert Ridge, a brand new community of 108 luxury single family rental townhomes in the Desert Ridge area.
With mortgage rates projected to remain high in 2025, purchasing a home is not affordable for many, especially in prime areas like the new Talinn master-planned community.
“Renting a brand new, professionally-managed home is a viable option to get into a prospective homeowner’s ideal neighborhood at a fraction of the cost,” said BB Living president Branden Lombardi.
BB Living Desert Ridge, located at 21022 North 59th Run in Phoenix, begins leasing March 15 for a mid April move-in date with rents starting at $2,710 per month. The community sits on 12.4 acres and offers both three- and four-bedroom floorplans. Each home includes an attached two-car garage, a 10-foot driveway, and large private landscaped backyard featuring pavers, landscaping and turf.
The interior floorplans and specifications include nine-foot ceiling heights, ceiling fans in every room, quartz countertops, full-size front-load washers and dryers, crown molding on cabinets, stainless steel appliances, pre-wired garages for electric vehicle charging, as well as a “Smart Home” system.
BTR is a continually growing real estate trend with strong demand. Desert Ridge is one of the most sought after residential communities in north Phoenix, giving residents access to the top-rated Paradise Valley School District. With top-tier schools, and a multitude of dining, entertainment and hiking options nearby, BB Living Desert Ridge provides the privacy of a home without the stress and commitment of home ownership.
“This neighborhood is highly sought after, and offers families a combination of high-quality homes within a vibrant community that fosters connection and offers convenient access to a variety of dining and entertainment options,” said Lombardi. “Each home features smart technology, spacious floorplans and gorgeous finishes. BB Living Desert Ridge is located within a top-rated school district. We’re excited to welcome residents to experience the perfect blend of convenience and community right in Desert Ridge.”

SALT LAKE CITY, UT – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Marmalade, a contemporary midrise community in the 4th West/Marmalade District of Downtown Salt Lake City.
Modera Marmalade, which will feature 359 homes, represents Mill Creek’s first development within Utah. The wrap-style community will provide panoramic views of the Wasatch Mountains, Downtown skyline and Great Salt Lake, while the Oquirrh Mountains will serve as a prominent backdrop to the west. First move-ins are anticipated for February 2027.
“We’re thrilled for the opportunity to join the Salt Lake City market, and we believe Modera Marmalade will be an outstanding representation as our first community in the state,” said Tyler Greene, managing director of development in Salt Lake City for Mill Creek Residential. “The Marmalade District is growing in popularity thanks to the recent addition of successful new rental homes to the area. We’re eager to help address the housing demand of this rapidly emerging area and look forward to offering a best-in-class experience.”
Situated at 472 West 400 North, the community sits within three blocks of the Downtown hub for Front Runner Commuter Rail and TRAX Light Rail. Front Runner is a WiFi-enabled train that stretches approximately 90 miles through the entire Wasatch Front from Provo to Ogden, while TRAX is a connector rail with service through Downtown, stretching to the Salt Lake City International Airport to the west and University of Utah to the east.
The community features an improving Bike Score of 78, offers expedient access to the numerous brewpubs and dining options within Downtown and is within a short commute of Interstate 15, which connects to the greater Salt Lake area and its thriving employment centers, including the tech-centric Silicon Slopes in the southern portion of the valley.
Modera Marmalade will offer studio, one-, two- and three-bedroom homes with various layouts and an average size of 840 square feet. Community amenities will be highlighted by a rooftop deck with a resort-style swimming pool, grilling area, fire pit and outdoor dining. Additional common area attractions will include a hot tub, sauna, resident clubhouse, game room with pool table, coffee bar, landscaped courtyards, pet park, pet spa and a club-quality fitness center with cardio equipment, individual TVs, Peloton bikes, group fitness area and a yoga/Pilates studio. The community will also offer a conference room, coworking spaces, private workstations, controlled-access garage parking, private EV-charging stations, digital package lockers, bike lockers and additional storage space.
Home interiors will feature two distinct color schemes, nine-foot ceilings, oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, pull-down faucets, tile backsplashes, moveable kitchen islands, breakfast bars, custom soft-close cabinetry with under-cabinet lighting, oversized bedrooms with spacious closets, built-in storage and in-home washers and dryers. Smart features will include controlled-access guest technology, programmable thermostats, key fob access, USB outlets and bulk WiFi. Bathrooms will feature double vanities, backlit mirrors, linen closets, soaking tubs and showers with floor-to-ceiling tile surrounds.

IRVINE, CA – The James of Irvine, a luxury senior living community, celebrated its groundbreaking, marking a major milestone for the area’s first upscale rental-based senior community. The event, held at the 3.03-acre site on Gates Avenue, drew more than 80 attendees, including city officials, developers and industry leaders.
“This project has been years in the making, with so many dedicated teams working together since 2017,” said Adam Arnold, Managing Director of Harbert South Bay Partners, who served as emcee. “But as they say, good things come to those who wait — and this is going to be something special, bringing over 200 full-time jobs to the Irvine area.”
Designed for baby boomer renters, The James will feature 350 studio, one- and two-bedroom residences for independent living, assisted living and memory care. The eight-story community, set to open in summer 2027, will offer modern amenities, holistic care and a vibrant, walkable lifestyle in the heart of Orange County, with convenient access to Santa Ana, Costa Mesa and Tustin.
Owned by the P3 Foundation, The James is being developed by Harbert South Bay Partners and will be managed by Momentum Senior Living. Additional project partners include Van Tilburg, Banvard & Soderbergh, Rodrigo Vargas Design and W.E. O’Neil Construction.
“The James will be fully integrated into the Irvine community so residents can truly experience everything it has to offer,” said Josh Johnson, CEO of Momentum Senior Living. “This will be a new class of senior living, where the goal is simple: helping people live longer and better. And with our corporate office just 2 miles away, we’re right here to make that vision a reality.”
City of Irvine Vice Mayor James Mai and Councilmembers Kathleen Treseder, Melinda Liu and William Go were also in attendance. “We’re proud to present a certificate of recognition for The James — arguably the best-named building in Irvine,” Mai joked. “From the renderings, it looks like a five-star resort, and it truly reflects what makes Irvine a premier place to live and retire.”
P3 Foundation Director Louise Waller emphasized the community’s impact. “P3 Foundation is all about supporting nonprofit developments that change lives. There is great demand for quality senior housing across the United States and we can’t wait to see this one come out of the ground to serve seniors right here in Irvine,” she said.
With construction now underway, Executive VP Mike Byrne of W.E. O’Neil Construction highlighted the scale of the project. “We’re digging 32 feet deep right now, and once the tower crane is erected, you’ll be able to see it from Disneyland. 5,000 ready-mix concrete trucks will be needed to complete the concrete structure — if you lined the trucks up bumper-to-bumper — that’s a stretch from Irvine to downtown L.A.,” he said.
“When the exterior goes up, there will be 1,250 windows, and inside, 400 skilled team members will be hard at work on everything from electrical to drywall. This is a massive project, and we’re thrilled to bring it to life.”
The James will redefine retirement living with luxury amenities and engaging programs. Residents will enjoy multiple dining venues, a bar/lounge, an indoor pool and spa, a wellness gym, a yoga studio, therapy rooms and a salon. Entertainment and enrichment spaces include two theaters, a media lounge, an art studio, a golf simulator and a dog park with a washroom. Outdoor courtyards will feature barbecue grills, fire pits, seating areas, a putting green and bocce courts.
Beyond amenities, The James will offer a dynamic lifestyle with educational workshops, spiritual gatherings and social events. Fresh, chef-prepared meals will be served in inviting dining venues. The community’s prime location provides walkable access to The District at Tustin Legacy and nearby medical providers, parks, trails, universities and country clubs.

PHOENIX, AZ – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for Stella, a 308-unit, Class A multifamily community in the Phoenix suburb of San Tan Valley. The first residents began moving in during winter of 2024, with construction completion expected at the end of this summer.
“With resort-style living and luxury conveniences at the forefront, Stella reflects Thompson Thrift’s commitment to creating exceptional rental communities that deliver both style and quality,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “Our team is excited to deliver a community that residents are proud to call home.”
Located on a 20-acre site near North Gary Road and West Hunt Highway, Stella will consist of 12 two- and three-story buildings, a resort-style swimming pool with adjacent lawn and outdoor pavilion, pickleball courts, two dog parks and relaxing gardens with fruit trees and fountains. The community will offer one-, two-, and three-bedroom apartment homes and residents will be able to select from a variety of layouts and signature amenities including private enclosed yards or patio options and detached single-car garages. The apartment homes will be finished with elegant quartz countertops, hardwood style-flooring, stainless steel appliances, high-speed, instant-on internet access, ceiling fans, full-size washer and dryer, smart thermostat and a smart hub.
The pet-friendly luxury community will be close to multiple outdoor activities, including hiking, biking, or exploring the San Tan Mountain Regional Park, a national park that is located two miles west of the community. Residents will be living near an array of retail options. In addition, Hunt Highway provides future residents with ease of access to nearby Queen Creek, Mesa, Gilbert, Chandler and Loop 202.
The employment corridor along Loop 202 features high-paying jobs from companies such as Liberty Mutual, Deloitte, Dignity Health and Isagenix. Additionally, Arizona State University’s new Mesa City Center, a new state-of-the-art digital media learning center, is 10 minutes north. The area is also home to two airports – Phoenix Mesa Gateway Airport and the Chandler Municipal Airport.
At the ribbon cutting, visitors were able to tour the model, explore the professionally decorated clubhouse and community amenities. As part of Thompson Thrift’s ongoing commitment to community engagement, they presented a check to local non-profit Manes and Miracles to aid their efforts in providing adaptive or therapeutic riding, equine-assisted activities and equine-assisted physical therapy for those who have physical, mental and emotional disabilities.
Thompson Thrift is a full-service real estate development company focused on multifamily, ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. For nearly 40 years, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.

ATLANTA, GA – Atlanta Housing (AH) and its public-private partners broke ground on Bowen Homes Phase I, a $63.6 million redevelopment project set to revitalize the historic Bowen Homes site and the Carey Park neighborhood. Leaders from Invest Atlanta, the City of Atlanta, the Georgia Department of Community Affairs, the U.S. Department of Housing and Urban Development (HUD), Centene Foundation, Peach State Health Plan and development partners McCormack Baron Salazar and The Benoit Group joined in celebrating this milestone, marking the beginning of a transformative, multi-year effort.
The redevelopment of Bowen Homes will create a vibrant, mixed-income community and serve as a national model for equitable, community-focused revitalization. Located in the northwest area of Atlanta, Bowen Phase 1 will add 151 units to Atlanta’s housing inventory, with most of them reserved as affordable.
“Bowen is poised to be a national model for neighborhood transformation, an anchor for progress in Carey Park, and a testament to the power of community-focused redevelopment,” said Atlanta Housing President and CEO Terri Lee. “This project is about more than housing; it’s about empowering people, fostering economic self-sufficiency, and ensuring that families have the support they need to succeed for generations to come.”
This transformational investment is critical as development expands westward from Atlanta’s urban core. Supported in part by a $40 million HUD Choice Neighborhoods Implementation grant and backed by over $523 million in public and private commitments, the project is expected to catalyze broader revitalization along the Donald Lee Hollowell Parkway and James Jackson Parkway corridors.
“I am super excited! The redevelopment of Bowen Homes is delivering on our promise to invest in affordable housing and bringing a vibrant neighborhood back to a community who has long-deserved quality homes, access to fresh food and quality greenspace,” said Atlanta Mayor Andre Dickens. “This project represents not only new homes, but the preservation of a community’s history and a commitment to its future. Thank you to all of the partners involved who share our vision for an inclusive and thriving Atlanta.”
“As a national leader in community-focused development, we are honored to help bring the vision of Bowen Homes back to life,” said Vincent R. Bennett, CEO of MBA Properties, Inc. and President, McCormack Baron Salazar. “This mixed-income, sustainable development will not only provide high-quality housing but also create a thriving, connected community that reflects the resilience and aspirations of its residents.”
“The redevelopment of Bowen Homes is a testament to what is possible when the public and private sectors work together toward a shared vision,” said Eddy Benoit Jr., CEO of The Benoit Group. “This transformation will serve as a model for how we can create equitable, sustainable neighborhoods that honor the past while embracing the future.”
“Safe, affordable housing is a cornerstone of health and well-being,” said Wade A. Rakes, Chief Growth Officer, Centene Corporation and Chairman, Peach State Health Plan. “We are honored to partner with the Atlanta Housing, City of Atlanta, McCormack Baron Salazar, the Benoit Group, and the many local organizations and community members involved in the Bowen Homes project to create a sustainable, connected neighborhood that will improve the health of the community.”
Capstone Building Corporation, the general contractor for Phase 1, has already begun mobilizing. This early progress underscores the urgency driving this transformation, with completion of Phase 1 projected for mid-2026.

NASHVILLE, TN – Greystar, a global leader in the investment, development, and management of residential real estate, in partnership with Griffin Capital Company, announced that it is nearing completion on Station A, a new, sophisticated apartment living experience coming to Madison in early summer of 2025.
“We are proud to offer another much-needed housing option for this resilient and growing community here in Nashville, that has worked hard to rebound from the devastation of the December 2023 tornado” Andrew Cook, Director of Development, Greystar, said. “We’re making tremendous progress on construction and excited to welcome residents later this summer.”
Griffin Capital’s Chief Investment Officer, Paul DeMartin, added “We have been very active in the greater Nashville MSA based on our high level of conviction in the long-term outlook for the market and believe this location will be a terrific community for residents for years to come.”
The community’s name, Station A, derives from the historic Amqui Station, a railroad switching and passenger depot, which sat adjacent to the property before Johnny Cash purchased it and moved it to his home in Hendersonville. The station now sits a mile south of the original location.
Station A will offer a curated collection of studio, one, two and three-bedroom floorplans ranging from 576 sq.ft. to 1,375 sq.ft. Residents can choose from two unique finish schemes to find the home that perfectly complements their style. Apartment homes will feature thoughtful upgrades, like sleek matte black or gold hardware, elegant wood cabinetry in colors Onyx or Truwhite, wood-inspired plank flooring, and sound-proofing technology. The community will also boast over 19,000 square feet of indoor-outdoor amenity spaces including a stylish clubroom and lounge, fully equipped fitness center, expansive pool and courtyard, secured parking and dedicated work from home spaces.
From the branding to the interiors, Station A recognizes the storied history of its locale, while embracing the growth and innovation of the present.
The community is conveniently located along Gallatin Pike, which is a short drive to Hendersonville, East and North Nashville, Downtown and beyond. Future plans include the development of a transit line running adjacent to Station A.
Greystar and Griffin Capital are working with Meeks + Partners architects, Kimley Horn civil and landscape engineering and StudioSix5 interior designers.

SUNRISE, FL – FCP continues its expansion in Florida with the acquisition of ARIUM Sunrise, a 400-unit multifamily community in Sunrise, FL. The acquisition, completed in partnership with BMC Investments and The RMR Group, reinforces FCP’s commitment to investing in high-growth markets and unlocking value in well-located assets.
“We believe Broward County remains one of Florida’s fastest-growing regions, and our recent investments highlight our commitment to securing well-positioned assets in this key market,” said Bruce Gago, Senior Vice President at FCP and head of the company’s Florida investments. “We look forward to once again partnering with BMC and collaborating with RMR with the goal of enhancing ARIUM Sunrise Apartments and while providing residents with a quality living experience.”
Built in 1998, ARIUM Sunrise Apartments currently boasts a 94% occupancy rate and offers an array of amenities, including a swimming pool, clubhouse, and fitness center. FCP and its partners plan to upgrade approximately 8% (32 units) of the apartments that remain in their original condition, ensuring the community continues to meet evolving resident expectations. The property is situated near popular local attractions like Sawgrass Mills Mall and Amerant Bank Arena, providing convenient access to shopping, dining, and entertainment options.
FCP extends its appreciation to Robert Given and Zachary Sackley of CBRE, who represented the seller, and Charles Crapse and Denny St. Romain of CBRE, who sourced the acquisition loan. Wells Fargo provided financing for the acquisition.
“We believe FCP’s ability to close deals like ARIUM Sunrise in today’s market speaks to our depth of conviction and broad strategic partnerships,”Gago added. “We’re not just active—we’re growing, and we’re ready to deploy more capital into the right opportunities.”