VILLA PARK, IL – Garden Station, a transformative 348-unit mixed-use luxury residential community located within the Transit-Oriented Development (TOD) district of Villa Park, Illinois, has cleared another major milestone and is now positioned to go forward at full speed toward construction.
The project recently received re-approval from both the Village of Villa Park Plotting and Zoning Commission and the Zoning Board of Appeals and is awaiting approval from the Village Board of Trustees in the coming weeks.
Once completed, Garden Station is expected to become the largest net-zero mixed-use residential development in the United States, setting a new benchmark for sustainable housing while addressing the growing need for attainable, high-quality residential options in DuPage County.
Designed to meet rigorous sustainability standards, Garden Station incorporates numerous Passive House principles and advanced energy-efficient technologies that significantly reduce utility costs for residents while minimizing environmental impact. The development will offer an unparalleled combination of comfort, convenience, and affordability.
“Garden Station represents the future of multifamily living,” said Dr. Ganesan Visvabharathy, Founder and CEO of Hawthorne World. “Our vision is to make a community that combines environmental responsibility, exceptional resident experiences, and attainable living opportunities. This project demonstrates that sustainable development and affordability can go hand in hand.”
The project had previously experienced delays resulting from a senior lender default and a subsequent foreclosure action initiated by a bridge lender. But, following the dismissal of the foreclosure lawsuit and the successful placement of a substitute lender, the project is once again moving forward with strong momentum.
Garden Station is expected to play a significant role in addressing the DuPage County, Illinois housing shortage while supporting Villa Park’s long-term economic development and sustainability goals. Its strategic location within the village’s TOD district will provide residents with convenient access to public transportation, employment centers, shopping, dining, and recreational opportunities throughout the greater Chicago metropolitan area.
As development advances, Garden Station is poised to become a national model for sustainable mixed-use housing and a cornerstone of Villa Park’s continued growth and revitalization.

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SAN DIEGO, CA – Broadshore Capital Partners announced the closing of a $53.2 million floating-rate senior bridge loan secured by Monroe North Park, a newly delivered 137-unit Class A multifamily community located in the North Park neighborhood of San Diego, California.
The loan was completed in partnership with an institutional investor with whom Broadshore maintains an active lending relationship focused on sourcing and executing bridge financing opportunities across the United States. The financing will facilitate the lease-up and stabilization of the Property, which was delivered in 2025 and features institutional-quality construction, structured parking with EV charging capabilities, rooftop entertainment and co-working amenities, and a curated resident experience designed to appeal to affluent urban renters.
San Diego is one of the most fundamentally sound multifamily markets in the country, and North Park represents exactly the kind of supply-constrained, high-demand urban submarket we want to be in, said Bradford Howe, Chief Executive Officer of Broadshore Capital Partners. This transaction is consistent with our strategy of deploying institutional capital into well-located, newly delivered assets where we have conviction in the collateral quality and the long-term fundamentals. Broadshore has made many successful investments in the San Diego area over its history and believes Monroe North Park will be another success for our firm and our partner.
Chris Miller, Senior Vice President at Broadshore Capital Partners, added, Monroe North Park presented a compelling combination of basis protection, institutional-quality collateral, and a clear path to stabilization. The sponsorship group s track record in similar transitional multifamily strategies, paired with the Property s differentiated location and amenity package, gave us strong confidence in the underwriting.
Monroe North Park is an eight-tale, podium-style community comprising approximately 87,000 net rentable square feet and featuring 137 units. The Property is located at 3090 Polk Avenue in the heart of North Park, offering residents walkable access to premier dining, retail, breweries, and cultural amenities, with direct connectivity to Downtown San Diego, Mission Valley, Balboa Park, and major employment centers throughout the broader metropolitan area.

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FAYETTEVILLE, NC – WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry joined Resource Housing Group, Inc. and East Carolina Community Development, Inc. to celebrate the grand opening of Cliffmore Park, a new 72-unit affordable housing community for adults ages 55 and older located at 5133 Identity Lane in Fayetteville, NC.
Supported through the Low-Income Housing Tax Credit (LIHTC) program and serving households earning 40%, 50%, and 60% of Area Median Income (AMI), Cliffmore Park expands access to high-quality affordable senior housing. Cliffmore Park is WNC’s second affordable housing investment in Fayetteville, and the company invested approximately $6.5 million in equity to support the development.
“Cliffmore Park reflects the power of thoughtful partnerships to make housing that allows seniors to age with dignity, independence, and stability,” said Ryan Thayer, assistant vice president of originations at WNC. “We are grateful to Resource Housing Group, East Carolina Community Development, and our financing partners for helping bring this community to life. Together, we have made quality affordable housing with the amenities, services, and accessibility features that support healthy and connected lives.”
The new construction community consists of a three-tale, elevator-served building featuring 36 one-bedroom and 36 two-bedroom units. Each apartment includes ceiling fans, washer and dryer hookups, central air conditioning, a dishwasher, a self-cleaning oven, a range hood, and emergency call buttons. Private storage is available, and the development was constructed to meet ENERGY STAR Multifamily New Construction Program certification standards.
Shared spaces include on-site management offices, multiple lounges and seating areas on each floor, a multipurpose room with a kitchenette, a computer center, an exercise room, and laundry facilities. Outdoor amenities include a covered porch, gazebo, patio with picnic tables, and additional seating areas.
The community offers convenient access to transportation, shopping, healthcare, a senior center, and recreation, and a Fayetteville Area System of Transit (QUICK) bus stop is steps from the property.
In addition to serving seniors, 10% of the community’s units are designated through North Carolina’s Key Rental Help Program (KEY), which provides housing opportunities for individuals experiencing homelessness and people with disabilities.
Financing for the development included a construction loan from ServisFirst Bank, a permanent loan from Centrant Community Capital, a Rental Production Program loan from the North Carolina Housing Finance Agency, and a loan from the City of Fayetteville.

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