Southern Land Company (SLC), a national real estate developer of mixed-use developments and master-planned communities, has broken ground on a new luxury multifamily apartment home community, located at 555 Stewart Ave. SLC will invest more than $100 million into the Village of Garden City with the project, providing one of the first new multifamily rental housing options to the community in more than 50 years. Construction of SLC’s apartment home community is expected to create more than 400 jobs locally.
Southern Land Co., a Tennessee-based real estate developer, broke ground last week on Westerly, the company’s latest residential project in Erie.Westerly, located on 400 acres at Erie Parkway and Weld County Road 5, will have about 1,200 homes at buildout and is expected to be valued at roughly $750 million. The project is planned to include a 35,000-square-foot “town square” element with retail and dining.
Southern Land Company has broken ground on Westerly, a new 400-acre master-planned community in Erie, a first in Colorado. Located at the intersection of Erie Parkway and County Road 5, SLC will invest more than $140 million in infrastructure improvements into the Town of Erie with the project that will ultimately be valued in excess of $750 million.
Southern Land Company, a real estate developer has begun construction on New Luxury Apartments in Garden City, New York. The complex, located at the long-abandoned lot at 555 Stewart Avenue, a plot they purchased for US $22.5 million, is going to be a 150-unit complex, which it said will create more than 400 jobs in the area.
Each year, our In Charge list brings together business, political and civic leaders from all corners of the Middle Tennessee landscape. This year’s list is our 12th iteration and features roughly 500 people driving change across the region. We thank our friends and colleagues at the Scene and Nfocus for their help in creating it.
Developers pitching a $110 million luxury apartment complex in Port Washington will have a public scoping session before the North Hempstead Town Board next week. The Zoom scoping session slated for 6 p.m. on Tuesday, March 23, kicks off the environmental study process for the seven-story, 176-unit waterfront rental building proposed by Southern Land Company that would replace a blighted commercial site at 145 West Shore Road on Hempstead Harbor.
Virtú Investments, a multifamily real estate investment firm primarily engaged in the management of apartment properties in the western U.S., has purchased the multifamily and retail components of Rêve Boulder, a mixed-use community located in a Qualified Opportunity Zone (QOZ) at 30th & Pearl Streets in Boulder. The firm purchased the property in February from Southern Land Company and financial partner GTIS Partners for $151.25 million.
Dallas’ newest residential high-rise has opened its doors. The Nove at Knox is a 19-story apartment tower on North Central Expressway north of downtown Dallas. With more than 300 rental units, the building is a project of investor KBS and developer Southern Land Co. and has been under construction since 2018.
When it comes to commercial real estate investments, Dallas-Fort Worth continues to show promise. According to Cushman & Wakefield, the Dallas market saw solid office demand, enjoying positive Class A absorption of 159,480 square feet during the second quarter of 2020–the height of the pandemic. In the third quarter of the year, Dallas experienced population growth of 124,803 people year-over-year, nearly 30,000 of which took place in Q3 alone.
Just two months into the new year, Boulder has seen what is likely to be one of 2021 largest multi-family residential transactions with the recent sale of the The Reve’s apartment component for $151.25 million.
