GUILDERLAND, NY – The Apex at Crossgates, Guilderland’s newest multifamily apartment and townhome community, in the heart of the Capital Region, celebrated their groundbreaking ceremony.
Close to 100 attendees were on-site to celebrate this magnificent community. Local vendors including Fort Orange Brewing and RAD Soap were featured throughout the event, highlighting the Apex community-centered approach. Invitees also heard from special guest speakers including Capital Region Chamber Sr. VP of Community Advancement Pete Bardunias, The United Group of Companies Inc. EVP of Development Jeff Smetana, and The United Group of Companies Inc. President and CEO Michael Uccellini.
The Apex at Crossgates will feature a diverse selection of spacious one/two/three-bedroom floor plans plus 30 townhouse-style units, offering residents excellent options for luxurious worry-free living, as well as under-building secure parking. Serving as the central hub of the community will be an expansive clubhouse boasting amenities that include remote workspaces, premium golf simulator, social lounge, tech-driven package services, state-of-the art fitness center, yoga studio, game room with pool table and card table, dog park, pet grooming, pool, outdoor kitchen with grilling stations and multi-sport courts.
The spacious apartments will have nine-foot ceiling heights, luxury bathroom finishes, elegant kitchens with stainless appliances and quartz counter tops, designer fixtures, walk-in closets, large balconies, and so much more.
Development of this community will aid in serving the Capital Region’s diverse population with a variety of needs that center around seeking a living situation that perfectly combines luxury, convenience, and accessibility to everything that makes the Capital Region unique. This community will sit adjacent to Crossgates Mall, by way of a lit walking path allowing residents easy access to premier food, shopping, and entertainment options within minutes from home.
The United Group of Companies and United Development Corp are overseeing the development and construction of the community in conjunction with Trinity Building & Construction Management Corp, who will serve as general contractor. The construction period is expected to be approximately 24 months, commencing February 2023. The community is managed by United Plus Property Management.

SEATTLE, WA – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Sierra Sun in Puyallup, Washington. The property is located in Puyallup’s South Hill, a popular choice for Pierce County residents. The firm purchased the community in May 2014 and the sale closed on May 15, 2023.
During their ownership, Hamilton Zanze completed many successful renovations focused on making the property run more efficiently. These projects included unit renovations, landscaping, pool and spa repairs, amenity improvements, lighting enhancements, and the addition of a dog park.
“We are very pleased with the performance of Sierra Sun,” said Anthony Ly, senior director of dispositions at Hamilton Zanze. “The property experienced strong rent growth while also being a cost-effective alternative to other urban areas of Washington. Transacting in this current market is not without its challenges,” added Ly. “The Kidder Mathews team led a strong marketing effort which resulted in the selection of a very strong buyer that could navigate this market.”
Sierra Sun was built in 2003 and is located at 12415 172nd Street East in Puyallup. The property comprises 150 one-, two-, and three-bedroom units averaging 1,133 square feet. Unit amenities include maple cabinetry, electric fireplaces, kitchen islands, nine-foot ceilings, attached two-car garages, tile features, and designer accents. Community amenities feature a two swimming pools and spas, 24-hour fitness studio, spacious clubhouse with a koi fishpond, gourmet kitchen, coffee bistro, classic billiard room, business center, gazebo, and gated entry.
Sierra Sun is located in Puyallup, WA, on just over 14 acres, along Sunrise Boulevard East facing south with views of Mount Rainer, the highest peak in the Cascade Range. The community is approximately 10 miles east of Tacoma and 40 miles south of Seattle, providing access to major retail and employment centers. Sierra Sun is located near several of the Seattle/Tacoma metro’s largest economic drivers, such as Boeing, Starbucks, Amazon, and Microsoft. The Port of Seattle is one of the major gateways for trade with Asia and one of the top 10 largest ports in the United States.

CHARLOTTE, NC – Wood Partners, a national leader in multifamily real estate development, announced the official grand opening of its newest luxury residential community in Charlotte, North Carolina, Alta Filament, named after the site’s history in manufacturing lightbulbs.
Located at 525 E 21st Street in the city’s burgeoning North Davidson neighborhood (NoDa), Alta Filament offers residents easy access to the area’s growing list of local shops, restaurants, and nightlife options just a short walk from the property. The property also puts residents just steps away from the popular Charlotte Greenway Trail and 21-acre Cordelia Park, as well as the Blue Line and Optimist Food Hall all within minutes of the city’s Uptown district. In addition, Alta Filament’s prime location in NoDa offers residents direct access to several of Charlotte’s top employers within minutes of the property including Carolinas Healthcare System, Wells Fargo, Bank of America, Novant Health and Duke Energy.
“We are excited to bring a new level of luxury living to the Charlotte area as we officially turn the lights on to our newest apartment community, Alta Filament,” said Carter Siegel, Executive Managing Director for Wood Partners. “As our third property in the thriving NoDa submarket, we look forward to serving as a true partner for this unique Charlotte community as we welcome new residents to Alta Filament and the Wood Partners family.”
Alta Filament offers 352 apartment homes complete with one-, two- and three-bedroom floor plans, as well as 22 townhomes with private exterior entrances. The building’s design evokes an industrial, warehouse aesthetic harkening back to the site’s manufacturing history, and provides a sophisticated, urban feel with brick walls and straight lines throughout the property. Each home features sophisticated urban accents and high-end finishes including luxurious kitchens complete with white quartz countertops, classic white subway tile backsplash, frameless two-tone custom cabinetry, brushed nickel hardware, and stainless-steel GE appliances. Additional home features include contemporary regency grey wide-plank flooring, front-load washer and dryer sets, wood blinds and private patios, as well as built-in desks and drop stations in select homes.
Truly setting Alta Filament apart from the surrounding market is the community’s wide range of best-in-class amenities. Throughout the property, residents have access to a resort-style pool with cabanas and retractable canopies, an outdoor courtyard with hammocks, an outdoor kitchen, BBQ stations and firepits, a pet wash area, and a do-it-yourself bike repair shop. Inside the community club house, residents can enjoy the 24-hour fitness club with an attached outdoor body sculpt lawn, a fully equipped podcast studio, high-tech conference and multimedia rooms, the Exchange Club co-workspace and much more.

MIAMI, FL – GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of Advenir at Biscayne Shores, a garden-style community located in Miami, FL that will be rebranded as Windsor Biscayne Shores.
The 240-unit community features resort-style amenities, such as a clubhouse, pool, fitness center, playground, grilling areas, and dog park. Located across the Broad Causeway (123rd Street) from the Haulover Inlet and Beach Park, which provides residents with public beach access directly on the Atlantic within a 15-minute drive, the community provides walking access to Whole Foods Market, LA Fitness, Walgreens, Home Depot, and Starbucks.
GID plans to renovate the community and transform the resident experience through an updated fitness center, repainted exteriors and interiors, refreshed clubhouse and leasing center, and refurbishing the remaining residences with modern finishes.
GID is a leading real estate investment and management firm that operates a diverse portfolio of multifamily, industrial, and mixed-use developments across the United States. With over 60 years of experience across multiple asset classes, GID is an established real estate private equity investor and fiduciary supported by an integrated operating platform with approximately 53,000 multifamily units and over 27M square feet of industrial and commercial space of assets under management.

PHILADELPHIA, PA – Greystar and FCP announce the new riverfront Edgewater Phase II apartment community will wrap construction in the second quarter of 2023. The community was built using modular construction, which is a new method that is more sustainable with less material waste, energy consumption, and carbon footprint than conventional construction methods.
Additionally, modular construction results in better quality than conventional construction by providing: Superior acoustics due to the dual layer walls and ceiling/floors; Improved quality of finished apartment homes due to manufacturing in a controlled environment with integrated quality control; Better plumbing and mechanical systems that are more energy efficient.
“We’re excited for the completion of Edgewater Phase II,” said Nick Fontaine, Director of Real Estate at Greystar. “This community has a fantastic amenity package and an amazing riverfront location that is also minutes from the best restaurants, entertainment, shopping and culture that the city has to offer. It is a place that residents are going to love.”
“FCP is thrilled to enter the last phase of construction for Edgewater II, a modern and welcoming addition to the Edgewater community,” said FCP’s Ross Magette, Vice President of Development Management. “Utilizing a well-established and proven modular technology, residents in this building will enjoy quieter living in a high-quality building knowing that their homes were built with a minimal carbon footprint. Construction completion will represent the culmination of several years of work on this project with Alterra Property Group (APG), who led the sourcing of the modules and the execution of the construction. APG has been a longtime partner with FCP on several projects and we are excited to bring another one to fruition.”
Edgewater Phase II has 180 apartment homes available in studio, one- and two-bedroom floorplans that range from 435-1035 square feet with rents starting at $1,700 a month. Apartments feature an in-unit washer and dryer, dishwasher, quartz countertops, under-cabinet lighting, a tile backsplash, ample built-in storage/media cabinet, and an integral light vanity mirror.
Community amenities include a fitness center and yoga studio, courtyard pool, co-working lounge, billiards room, package locker, outdoor grill and lounge area, roof deck, business center, dog park, and a residence lounge with Wi-Fi. Edgewater Phase II has direct access to the Schuylkill River Trail which offers a variety of recreational opportunities and scenic vantage points.

FONTANA, CA – Wood Partners, a national leader in multifamily real estate development, announced it has officially broken ground on its newest residential community, Alta Fontana, in Fontana, California. With construction currently underway, the new community is expected to open in Summer 2025.
With the Inland Empire attracting numerous high-growth companies, Alta Fontana residents will have access to excellent employment opportunities within several major corporations, including, Kaiser Permanente, Target, Costco, Prologis, Amazon, UPS, QVC, and Cardinal Health. Located at 14817 Foothill Boulevard in Fontana, Alta Fontana’s prime location will put residents in close proximity to many of the area’s leading dining and retail destinations, including 1.5 million square-foot Victoria Gardens, which houses a wide variety of upscale shops, restaurants and entertainment spaces and Ontario Mills.
“We are thrilled to break ground in Fontana, fueled by our unwavering commitment to this dynamic region and the opportunity to fill a void in housing development,” said Joe Gambill, Managing Director at Wood Partners. “With our innovative approach and dedication to creating vibrant communities, we are excited to contribute to Fontana’s transformation and provide quality housing options that will enrich the lives of its residents.”
Once construction is complete, Alta Fontana will offer 344 apartment homes comprised of one-, two- and three-bedroom custom floor plans. Each residence will feature modern interior finishes complemented by high-end fixtures, including stainless steel appliances, granite countertops, designer tile backsplashes, wood-style flooring, and in-unit full-size washer and dryer sets.
The property’s five outdoor courtyards, each with a unique theme and purpose, will provide Alta Fontana residents access to an array of best-in-class amenities, including a resort-style swimming pool and spa, outdoor cooking stations and fire pit areas, a children’s play area, and ample outdoor seating. Residents will also have exclusive access to state-of-the-art indoor amenities, including a fitness center, business center, and club room.

RICHMOND, VA – Watercrest Senior Living Group and joint venture partner, Harbert Seniors Housing Fund II proudly announce the grand opening of Watercrest Richmond Assisted Living and Memory Care in Richmond, Virginia.
In late April, the first residents of the 98-unit luxury senior living community were welcomed to their new home with a red carpet roll-out and the Watercrest team cheering on their arrivals. More than 30 residents have already moved into the brand new community, with an additional 32 units pre-leased and a growing reservation list.
“In only a few short weeks, our first residents have already created strong bonds with each other and our associates,” says Marsha Sottung, Executive Director of Watercrest Richmond. “From art projects and flower arranging to spending lovely afternoons in the beautifully landscaped outdoor living spaces, we are overjoyed to see connections forming as our residents settle comfortably into their new home.”
Built by EMJ Corporation and financed by Trustmark Bank, Watercrest Richmond is a signature Watercrest product offering 76 assisted living and 22 memory care apartments with resort-style amenities and exceptional care. The architecture and design boast a stunning fountain and promenade, art studio with gallery, music room, fireplace, multiple dining venues, theater, salon and spa, and the charming atmosphere of Bogey’s Cigar and Scotch lounge.
“Watercrest Richmond is a spectacular community in a coveted location and we are thrilled to welcome our founding residents who have waited with great anticipation to call Watercrest Richmond their new home,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group.
Watercrest Richmond provides seniors a host of amenities purposefully designed to improve residents’ connectivity and interaction with nature. The design elements include a signature water wall, live moss walls, and expansive windows allowing abundant natural light. The community’s Southern style exterior gathering spaces and one-of-a-kind greenhouse offer opportunities for engagement and activity amongst the lushly landscaped grounds and illuminated walking paths. Additionally, residents may enjoy the coveted Spa W offering world-class wellness amenities including light and salt therapy, and a state-of-the-art fitness and physical therapy center.
Watercrest Richmond is conveniently located at 5250 Grandin Avenue in Moseley. Known as a top destination by Travel + Leisure, Richmond offers plentiful dining, entertainment and cultural venues, just minutes from the rolling hills of Virginia farms, gorgeous state parks, and charming wineries.

BUFFALO, NY – CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, announced the closing of Ellicott Park Townhomes. The 8.9-acre property consists of two non-contiguous parcels and is located at 10 Durham Court in downtown Buffalo, a few blocks from the main business district.
CPP s total development investment is expected to be approximately $54.7M, with a total investment in renovations of $14.2M. Renovations are expected to be completed in Spring 2023. CPP plans to ensure a minimal impact on residents during the renovations.
The restoration of Ellicott Park Townhomes will preserve 220 total family units encompassing 150 Section-8 units across 21 two-story townhouse-style buildings. Unit renovations will include ADA unit conversions, replacements, extensive kitchen and bathroom upgrades, and large building system replacements and upgrades.
Significant exterior upgrades will include window replacements, brick masonry repairs and roof repair. Residents will see numerous improvements made to shared community spaces. Site work will include repaving and restriping of the development s parking lot, with the addition of a new playground, gazebo, dog park, BBQ grills, bike racks, and an improvement to the paths of travel.
The renovation of Ellicott Townhomes will significantly extend the use of the property while enhancing the quality of life for its residents, said John Fraser, Development Director at CPP. Upstate New York has a strong demand and significant need for subsidized and affordable housing. CPP will transform the property into a safe, desirable and well-maintained property.
Development partners on the project include Rochester’s Cornerstone Group, PNC and Redstone.

METUCHEN, NJ – Klein Enterprises, a vertically integrated investor, developer, and operator of diversified real estate holdings, announced its plans to develop a multifamily apartment community in Middlesex County, New Jersey.
Located at 212 Durham Avenue in the Borough of Metuchen, the yet-to-be-named community is situated on a former industrial site that has undergone significant environmental remediation over the past several years in preparation for the new multifamily development. Demolition of the existing structures on the site took place in April of 2023 and construction of the property will take approximately 24 months with completion anticipated for Fall 2025.
The community will offer a total of 272 Class A studio, one-, two- and three-bedroom units, 15 percent of which will meet state affordable housing requirements, as well as six unique one-bedroom live /work homes. Located on the ground level of the community, these six homes offer residents their own office space that can be accessed via the home directly as well as a separate, private entrance for work purposes.
The interior design of the community will focus on a Modern Artistry concept in honor of the artists, literary figures and noted intellectuals who brought culture and the arts to Metuchen in the late 1800s. The design will feature modern elements grounded by warm woods and black accents while incorporating photography, music and classic printing techniques.
Klein will pursue various green initiatives within the building and plans to achieve National Green Building Standards (NGBS) through features like a partial green roof, a large solar array, electric car charging stations, Energy Star appliances, low-flow fixtures, LED lighting, a pollinator garden, and more. Additional community amenities include a community garden, dog park, and pool.
Over the past few years, we ve worked closely with both Mayor Jonathan M. Busch s team as well as Middlesex County officials to establish a redevelopment plan that meets two primary objectives, said Daniel Klein, president of Klein Enterprises. The first was to preserve a portion of the property as the gateway to a new county nature preserve and the second was to redevelop the balance of property with a state-of-the-art residential building that fits the character of the community and incorporates green building elements. Collectively, we believe that we have not only met but exceeded these objectives.
After the land was contributed into the partnership by Metuchen Realty Advisors (MRA), Klein and MRA worked closely with the Borough Council to execute a redevelopment agreement and qualify for a 30-year PILOT (payment in lieu of taxes) agreement, which will jointly benefit the project by tying tax obligations to project revenue while providing the Borough of Metuchen with the flexibility to invest revenue back into the borough where it is needed most.
This project will allow Metuchen to invest millions of dollars in major infrastructure projects throughout the Borough, promote environmental cleanup, and preserve approximately 20 acres of wetlands which will be part of the Borough s open space and recreation assets. The planned improvements include a network of trails, hiker/biker paths, and open space for public enjoyment, and will also provide access and parking facilities for a new county nature preserve. The project is adjacent to the planned expansion of the highly popular Middlesex County Greenway linear park.
The Borough of Metuchen has been discussing possibilities for this site for decades and now the transformation has begun, said Mayor of Metuchen Jonathan M. Busch. It is this very project that s enabling us to open the largest recreational space in Metuchen, fund a variety of important infrastructure projects throughout the Borough, and help protect our environment, all while providing our community with new housing options that will give many people the freedom to stay in the very community where they grew up and open doors for new neighbors. We are particularly grateful to have partners in Metuchen Realty Advisors and Klein Enterprises. This is an example of a public-private partnership that will be a true benefit to our community.
Sean Garland, chief investment officer of Klein Enterprises shared, Along with providing best-in-class housing to residents, the redevelopment plan and PILOT program provide us with the flexibility to completely transform a dilapidated site that will increase surrounding property value, pump revenue directly into the Metuchen community, and allow our company to expand our presence in the northern New Jersey market. This project is a testament to the overall value created when private developers work collaboratively with local governments to create spaces that benefit the overall community.
The multifamily project is also located in close proximity to the Metuchen NJ TRANSIT stop which offers a 45-minute train to Midtown in New York City, and walking distance to the Borough s historic and vibrant downtown that recently received the 2023 Great American Main Street Award.

ATLANTA, GA – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner PGIM Real Estate, celebrated the topping-out of Momentum Midtown, a new 36-story, 376-unit luxury high-rise rental apartment community in the heart of Atlanta s vibrant Midtown neighborhood. Momentum Midtown is located on a 0.83-acre site at 1018 W Peachtree Street NW.
Constructed on the location that was once Ted Turner s original broadcasting studio and the birthplace of WTBS, the topping-out celebration at the new apartment community was attended by development partners, local officials, and more than 700 of the project s construction workers. Financed with a construction loan facility from Wells Fargo Bank N.A, construction commenced in 2021 and resident occupancy is anticipated in early 2024.
This was an exciting day for all members of the team as we celebrated this huge construction milestone for Momentum, said John McCullough, President of Toll Brothers Apartment Living. This is our fourth luxury multifamily community in the rapidly growing Atlanta market and we re looking forward to bringing new opportunities for the highly skilled workforce of the area to live in an unparalleled location offering a unique and quality lifestyle.
Featuring studio, one-, two-, and three-bedroom floor plans, residences at Momentum Midtown will include quartz countertops with tile backsplash, stainless steel appliances, designer custom cabinetry, wood-style LVT flooring, oversized closets, entry nooks, and smart home features. Private balconies and terraces, as well as private yards, will be available in select residences. Momentum Midtown s rooftop offers unimpeded views of both the Midtown and Downtown Atlanta skylines.
Momentum Midtown will feature a resort-style rooftop pool and lounge with cabanas, outdoor bar, dining room, exhibition kitchen, theater, indoor/outdoor game room, and a sky lounge. Other amenities will include a state-of-the-art fitness center, a co-working space, a club room with coffee bar, beer and wine taps, a dog park and pet spa, high-speed community-wide Wi-Fi, and 435 dedicated parking spaces in the structured parking garage.
The topping out of Momentum represents great progress for Toll Brothers and for the Midtown region, said Will Chappell, Director of Development and Construction for the southeast region of Toll Brothers Apartment Living. We are excited to recognize the potential of this West Peachtree Street corridor as it becomes the epicenter of life, business, and culture for Midtown. Momentum features a striking architectural design that embodies the future of Atlanta, and we look forward to welcoming all those who will soon call it home.
Momentum Midtown is located within a five-minute walk of the Georgia Institute of Technology campus in Atlanta s Midtown community between the Downtown and Buckhead neighborhoods. With superior access to I-75/85, GA-400, MARTA rail stations, and Hartsfield-Jackson International Airport, the property benefits from convenient access to many of the area s major transportation corridors, employment centers and employers, including FORTUNE 500 companies such as Google, NCR, AT&T, and Coca-Cola. Atlanta has the South s second-largest pool of tech workers. With a location adjacent to Georgia Tech and two blocks south of Google s planned 475,000 square foot Midtown office, Momentum will be at the center of Atlanta s tech innovation community.
We re thrilled to be expanding our partnership with Toll Brothers and to be celebrating this milestone in the development of Momentum Midtown, said Joanna Mulford, Managing Director and Senior Portfolio Manager for PGIM Real Estate s U.S. core equity strategy. Momentum will benefit from robust tenant demand stemming from its location in the heart of Midtown Atlanta, an area that s experiencing rapid growth in high-paying jobs, and from its walkability to many restaurants, parks, green space, and entertainment.