NEW ORLEANS, LA – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand reopening ceremony at Tivoli Place Apartments, marking the completion of an extensive $35 million rehabilitation of the historic property. Tivoli Place provides 163 units of affordable housing for seniors earning no more than 20-60% of the Area Media Income, and the property’s 8 total 20% AMI units are set aside for Special Needs Households.
Tivoli Place is LAC’s first rehabilitation using Historic Tax Credits and its first in the state of Louisiana. LAC’s investment of more than $35 million brought significant upgrades to the century-ancient building while preserving its historic structure and ensuring it remains designated senior affordable housing.
“Lincoln Avenue Communities is excited to celebrate the reopening of Tivoli Place Apartments,” said David Garcia, LAC Vice President and Regional Project Partner. “This historic rehabilitation ensures access to high-quality affordable housing for seniors in New Orleans and provides residents with new resources and essential services.”
Garcia was joined at the ceremony by representatives from the City of New Orleans and local organizations and businesses including Chase, Stonehenge, Huntington Bank, Finance New Orleans, the Louisiana Housing Corporation, Boston Financial, and Capital One.
“Capital One and Lincoln Avenue Communities have a successful track record of working together to help increase and preserve the supply of affordable housing – a factor in achieving greater economic success in New Orleans and beyond,” said Dan Miller, Capital Officer for Community Finance at Capital One. “Through a financing package that included a Low-Income Housing Tax Credit equity investment and HUD loan, Lincoln Avenue Communities upgraded this historic building and ensured it provides an affordable place to live for years to come.”
Improvements include new central heating and cooling, new plumbing, upgraded finishes, and raised ceiling heights in each unit. New community amenities include a media room, library, fitness center, dining room, bike storage, security upgrades, and health care exam room. LAC also improved the property’s sustainability and resilience by installing new fixtures to reduce the property’s water and power consumption as well as solar panels in the parking lots to offset electricity usage. Residents will have on-site access to preventive health care screenings, exercise classes, mentoring programs, transportation, disability counseling, and other social programs.
Built in 1917, Tivoli Place sits on historic St. Charles Avenue within the Warehouse District, which is part of the City’s Inclusionary Housing Zone designated as a high-cost-of-living area. The neighborhood is home to landmarks including the former city hall, the world’s oldest continually operating streetcar line, the Mississippi River and Caesar’s Superdome.

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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 quick-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-plotted 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 delight in.
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.

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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-tale building.
Residents will delight in an impressive suite of amenities, including a 6-tale 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-tale fitness center, games lounge, sports simulator, clubroom, and leasing offices.
“The Aston at Uptown is a fantastic 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.”

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