ST LOUIS, MO – Tristar Companies and Balke Brown Transwestern, with construction management services provided by Propper Construction marked the grand opening of Alinea Town & Country. Alinea Town & County is the premier Luxury Apartment community built at the heart of St. Louis County, positioned on the northwestern corner of Manchester Rd & I-270.

The 254 unit, three building, 1, 2 and 3-bedroom modern apartment building, officially opened September 1st and is already 24% leased with the remaining two buildings to end construction in the next two months. Located on Daylight Drive directly off Des Peres Rd at Manchester Rd and I-270, this community delivers an impressive two-tale clubhouse with a fully-equipped fitness center run by Wild Horse Fitness, a Starbucks coffee bar, business center, and relaxing lounge with lavish decor. The floor-to-ceiling windows in the grand clubhouse look out to the center courtyard which features a three-tiered infinity pool, over-sized infinity hot tub open year around, outdoor kitchen, two seating areas with large screen TV’s and fire pits. Ample garage, carport and surface parking is available.

Developed by TriStar Companies, one of St. Louis’ leading developers, Alinea Town & Country is the first of its kind in the West County Market, designed to cater to working professionals that desire a mix of right lifestyle & professional balance.

Michael Towerman, president of Tristar Companies, shared his excitement for the addition of The Alinea Town & Country and Alinea vision for the St. Louis market.

“We are excited about the future of the St. Louis area, and its professional workforce, and know that The Alinea is a perfect addition for their needs and desires. We are also looking forward to delivering not only the best single living community, but expanding the “Alinea” brand throughout the metro area.”

Alinea Town & Country is leased and managed by Balke Brown Transwestern, a full-service commercial and residential real estate brokerage, management and development company. Named 2016 Property Management Company of the Year by the St. Louis Apartment Association, the firm’s multi-family division focuses on making and managing high-end, unique and inspirational places that St. Louisans are proud to call home.

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WINSTON-SALEM, NC – Northridge Capital closed on its investment in 757 North Apartments, a $14.9 million multifamily construction development in the city of Winston-Salem, North Carolina. Northridge Capital established a joint venture partnership for the project with local developer, Laurel Street Residential, in 1st quarter of 2016, breaking ground in February.

Upon completion, 757 North will total 78,694-square feet and will sit on a 2.09-acre lot 3.4 miles southeast of Wake Forest University in Downtown Winston-Salem. The four-tale apartment building will offer 115-units, of which 29 are workforce housing units and 86 market rate units. The unit mix will include studio, one-bedroom and two-bedroom units. Apartments will offer hardwood flooring and 9- and 10-foot ceilings, stainless steel appliances, granite countertops, in-unit washers/dryers, and private balconies. Residents will also delight in generous amenity spaces, including a fully-equipped fitness center, café and coffee bar with Wi-Fi access, and game room with outdoor patio.

Adjacent to the property lies the 175-acre Wake Forest Innovation Quarter, which currently employs 3,000 people and is projecting an increase to 10,000 by 2017 and 25,000 at total build out. 757 North will be one of the closest, Class A apartment communities to the Wake Forest Innovation Quarter, offering premier living options for young working professionals and families looking to work/live/play in an urban environment.

Equity for the project is being provided by Northridge Capital, LLC, on behalf of its offshore investors. Debt financing for the project has been provided by NewBridge Bank and the City of Winston-Salem.

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