NEW YORK, NY – Clarion Partners, a leading real estate investment manager and partially owned subsidiary of Franklin Templeton, Vermilion Development, a full-service real estate investment and development company, and Quartz Lake Capital, a private equity real estate investor and manager, announced the opening of The Duncan, a 309-unit multifamily community located within a federally-designated Opportunity Zone at 1625 Lock Lane in Madison, Wisconsin.
Overlooking Lake Mendota and situated across from historic Tenney Park, The Duncan offers residents a distinctive lakeside living experience with proximity to downtown Madison. The community is designed to connect residents with outdoor recreation, neighborhood amenities and employment centers. The project reflects the partnership s focus on well-located housing in dynamic, high-demand housing markets.
The Duncan includes 309 apartment homes in a mix of studio, one-, two-, and three-bedroom residences, including townhome options. Homes feature open-concept layouts with elevated finishes, with many residences offering views of the Capitol Building, Tenney Park or Lake Mendota. Community amenities include a fitness center, club room, co-working space, sky lounge with outdoor terrace, heated vehicle and bike parking, an expansive outdoor amenity area with fire pits and grilling stations, a fenced dog run and community gardens.
The Duncan reflects our continued conviction in high-quality housing located in markets supported by strong fundamentals and enduring resident appeal, said Clarion Partners Managing Director Jason Glasser. With its idyllic waterfront setting and access to the broader Madison area, the community is well positioned to meet the needs of today s renters.
The opening of The Duncan adds new housing to one of Madison s most desirable waterfront corridors, where residents value recreation, connectivity and neighborhood character. With its blend of modern apartment living and proximity to the lake, riverfront, park space, and downtown, The Duncan offers a differentiated residential experience in a market defined by strong demand and limited supply.
The Duncan represents the kind of placemaking we strive for—thoughtfully designed housing that is connected to its surroundings and enhances the resident experience, said Dave Cocagne, President/CEO of Vermilion Development. It s setting near the water, the park, and downtown Madison makes a compelling lifestyle offering, and we re proud to bring this community to market.
The Duncan was designed by architect Potter Lawson and constructed by general contractor McShane Construction Company. CIBC is the lender on the project. Greystar is the property manager.

Powered by WPeMatico

CHARLOTTE, NC – Premiere East Coast developer Jefferson Apartment Group (JAG) has delivered J Optimist Park, a 350-unit luxury multifamily development in Charlotte, North Carolina. This distinctive 6-tale mid-rise is located in the well loved Optimist Park neighborhood, adjacent to the trendy Optimist Hall food hall and just outside the Uptown business district.
Located on 5 acres at 1130 N. College Street, J Optimist Park features red-brick and ironwork details that reflect the neighborhood’s origins as a mill village and railroad hub for the textile industry in the early 20th century.
“J Optimist Park checks all the boxes for successful multifamily. In addition to being in a strong market for job growth, it’s close to transit and has best-in-class amenities,” said Greg Van Wie, JAG Senior Vice President and Development Partner. “Every aspect was thoughtfully designed to reflect and respect the rich history of our Mill District location.”
J Optimist Park offers 1- and 2-bedroom units ranging from 523 to 1,197 square feet, some with private balconies and views of Uptown. All residences feature top-line finishes, including plank flooring, quartz countertops, stainless steel appliances, and tile backsplashes.
Outdoor amenities include a resort-style swimming pool, two courtyards, an outdoor yoga lawn, and a covered porch with a double-sided fireplace. Inside, residents delight in a stylish lounge area, a game room, a large, fully equipped fitness center, an open coworking space, a pet spa, and a bike storage room with a maintenance bench. In addition, garage and surface parking provide 467 resident parking spaces.
J Optimist Park is managed by JAG Management Company, which continues its growth in the Carolinas with nearly 1,500 units under management in the Research Triangle area. United Bank provided financing.

Powered by WPeMatico

NEWNAN, GA – National multifamily developer Wood Partners has broken ground on Alta Newnan Crossing, a multifamily community with 274 apartment units, seven townhomes and 7,700 square feet of retail space. Expected to be completed in fall 2027, the project is located in Newnan, just 40 miles southwest of Atlanta.
“Alta Newnan Crossing is designed to bring a new level of residential living to Newnan through a thoughtful mix of housing, amenities and connectivity,” said Bennett Sands, Executive Managing Director at Wood Partners. “This community will complement the way residents want to live today while bringing much-needed housing to this growing city.”
Alta Newnan Crossing features a mix of one-, two- and three-bedroom apartment layouts. Separate from the apartments, the seven townhomes include three bedrooms and two bathrooms, and each has a two-car garage. Amenities include a clubhouse, state-of-the-art fitness room, package room, co-working space, retail courtyard and resort-style pool and courtyard. The site will also provide connectivity to the LINC Trail, Newnan’s multi-use path system.
According to the World Population Review, Newnan is growing at a rate of 1.47% annually, and its population has increased by 9.5% since the most recent census in 2020. With direct access to Interstate 85, Newnan offers brilliant accessibility to Atlanta, Hartsfield-Jackson International Airport and major employers throughout the region.
Alta Newnan Crossing is Wood Partners’ second development in Newnan. The firm completed Alta Ashley Park, a 269-unit multifamily community, in June 2023.

Powered by WPeMatico