NEW YORK, NY – Affiliates of Cantor Fitzgerald, a leading global financial services firm and real assets investment company, and Silverstein Properties, a leading global full-service real estate development, investment, and management firm, announce the closing of construction financing for 44-01 Northern Boulevard, a project that Cantor Silverstein Opportunity Zone Trust is invested in.
Cantor Fitzgerald and Silverstein arranged a $165 million construction loan from Banco Inbursa for the development of a 354-unit multifamily property located on a 63,000 square-foot lot in the Astoria neighborhood of Queens, New York City. The development allocates 25% of the rental units as affordable housing and will include 25,000 square feet of retail. Silverstein Properties, developer for the project, commenced construction in Spring 2022 and foundation work is nearing completion. The building is expected to welcome residents in Spring 2024.
“As developers of outstanding projects, we are excited to be part of Astoria’s vibrant future by offering residents a premier property with market-rate and affordable housing as well as a host of amenities,” said Marty Burger, CEO of Silverstein Properties. “We’ve gotten to know many incredible people in this community over the past few years through our plotting for Innovation QNS, and that’s why we believe so strongly in Astoria.”
“In an environment of cautious construction lending and inflation hikes increasing the cost of debt, making it more expensive to borrow money, we appreciate Banco Inbursa’s recognition of the strength of the Cantor Fitzgerald and Silverstein partnership and the quality of this asset,” said Chris Milner, Head of Real Estate Investment Management at Cantor Fitzgerald Asset Management. “We are thrilled to have completed this transaction and to go forward with the construction of 44-01 Northern Boulevard.”
Designed by Hill West Architects, the building will include a mix of one and two bedroom units; approximately 20,000 square feet of amenities; 200 parking spots; and 25,000 square feet of retail facing Northern Blvd. The design pays homage to Queens’ industrial past with a timeless composition of masonry and blackened metal by taking cues from the immediate context. Upon arrival through the car court, residents will be greeted by a welcoming lobby and cascading gardens. At the upper level of the gardens is an expansive lawn connecting back to the second-floor amenities opening up to a gym, yoga studio, children’s playroom and resident lounge. The second amenity level is located on the 10th floor, providing panoramic views of the Manhattan skyline from the co-working lounge, library and chef’s kitchen leading out to a rooftop deck.

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ATLANTA, GA – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner Pondmoon Capital USA, announce the opening of Notion, the firm s new five- and six-tale, 290-unit luxury apartment community in Decatur, a suburb of Atlanta.
Notion s construction, financed with a $45.7 million construction loan from Santander Bank, commenced in 2020 and offered first occupancy for residents in August 2022. The community s official Grand Opening event was held today with local officials and development partners, as well as current and prospective residents.
We re excited to open another exceptional luxury community with Pondmoon Capital, said Charles Elliott, President of Toll Brothers Apartment Living. The Atlanta market continues to see tremendous employer and population growth, attracting renters and home buyers alike, as well as significant investment thanks to its outstanding quality of life and its dynamic economy.
Designed by Dwell Design Studio, Notion is situated on a nearly 3.2-acre site. The luxury mid-rise apartment community includes a mix of studio, one-, and two-bedroom floor plans. The community also features a structured parking garage with 417 spaces, which includes EV (electric vehicle) charging stations and storage solutions for residents. The community is part of a larger mixed-use development anchored by a Publix grocery store at Sam s Crossing Village, along with 12,000 square feet of in-line retail space.
Notion will be a fantastic addition to this Decatur neighborhood, offering an elevated suburban living experience with the conveniences of urban living and simple access to major employment centers and downtown Atlanta, said Will Chappell, Southeast Regional Director of Development and Construction for Toll Brothers Apartment Living. With Decatur s charming tree-lined streets, boutique shopping, and trendy restaurants only steps away, residents will like making their home at Notion.
Notion boasts more than 8,000 square feet of interior and exterior amenity space, which includes a hospitality lobby and lounge, Luxer® lockers and oversized package room, a mail lounge featuring a complimentary coffee bar and conference room, a fitness center with state-of-the-art machines for cardio and weight training featuring an on-demand fitness studio with Wellbeats®, a resident billiard lounge featuring booth and bar seating, an exhibition kitchen, a resort-style pool with cabanas, courtyard lounges featuring lawn games and grills, a pet park and paw-spa, a self-service bicycle shop and bicycle storage, and community-wide Wi-Fi.
Residences feature wood-style flooring in the living areas, plush textured carpeted bedrooms, quartz countertops and designer tiled kitchen backsplashes, Whirlpool® stainless steel appliances, soft-close drawers and doors, designer light fixtures, large walk-in closets, and smart home features including Latch keyless entry and smart thermostats. Select residences also include large soaking tubs, walk-in showers, and private balconies.
Notion is built to meet the requirements of the National Green Building Standards, which provide a blueprint for the design and construction of new and renovated single-family homes and multifamily apartment buildings. The standards focus on sustainability of energy, water, resources, lot development, operations and maintenance, and indoor environmental quality. Notion introduces several sustainability features, Energy Star appliances, water-efficient plumbing fixtures, and sensor-controlled common area lighting.
Notion is a continuation of our rewarding partnership with Toll Brothers Apartment Living around the country, said Patrick Chen, CEO of Pondmoon Capital USA. We are proud to be contributing to making high quality residential communities available in neighborhoods of high demand, such as Decatur, and we are confident this will represent another success in our expanding multifamily portfolio in the Sun Belt markets.
Located at 125 North Arcadia Avenue, Notion is within a five-minute walk to the Avondale MARTA station that offers simple rail access to Buckhead, Downtown Decatur, and Downtown Atlanta. Decatur is near major healthcare and university employers, including Emory University and Emory Healthcare, The Centers for Disease Control, Veterans Administration Medical Center, and Children s Hospital of Atlanta. Atlanta s easily accessible Midtown and Downtown neighborhoods offer numerous additional employment opportunities, including Fortune 500 companies such as Delta Air Lines, The Home Depot, UPS, and the Coca-Cola Company.
Notion is the third community and newest project Toll Brothers Apartment Living has delivered in the Atlanta market, following Oleander and Osprey, which were both sold in 2021.

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FALLS CHURCH, VA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Falls Church, a contemporary apartment community in the heart of the City of Falls Church, which will provide additional homes and retail adjacent to Mill Creek’s mixed-use lifestyle center, Founders Row.
Modera Falls Church, which will feature 280 homes at the intersection of West Broad and North West Streets, will become the third residential component for Mill Creek in the City of Falls Church. It joins Modera Founders Row and Verso Founders Row, an age-restricted community dedicated to individuals 55 years and older, each of which started leasing in 2021. All three communities have been developed as a joint venture partnership between Mill Creek and CrossHarbor Capital Partners.
Modera Falls Church will add 22,000 square feet of retail space to the existing 90,000 square feet at Founders Row, which is anchored by Paragon Theaters, a luxury dine-in movie theater set to open in 2024. The community will also feature a co-working amenity space that will be unique to the City. First go-ins at this community are anticipated for early 2025.
“Founders Row immediately established itself as the ‘new center’ of the City, with an array of upscale retail, dining and living options,” said Joe Muffler, senior managing director of development for Mill Creek Residential. “Modera Falls Church will expand that charm and add more quality homes and retail to a well loved and emerging destination. We look forward to continuing to work with the City of Falls Church to make a unique experience that everyone can delight in.”
The community sits in a very walkable, very bikeable neighborhood (87 Walk Score and 79 Bike Score) and is located directly adjacent to the well loved Washington & Ancient Dominion Trail. Residents also will be within a 15-minute walk of the Falls Church West Metro Station, which provides simple connectivity to the greater Washington, D.C. area. Additionally, Interstate 66 is approximately one mile west on Broad Street, which links to the Dulles Toll Road, the Capital Beltway, Route 50 and other thriving submarkets in Northern Virginia.
Within Founders Row, residents will have access to the seven screens and 600-plus seats of Paragon Theaters, restaurants Ellie Bird, Chasin’ Tails, Nue, Roll Play Vietnamese Grill, Kyu Ramen and Kyo Matcha, and additional retailers such as Club Pilates, Sparkle & Pop Nail Salon, and 4Ever Young Med Spa.
Modera Falls Church, which will be built to LEED Gold standards, will feature studio, one- and two-bedroom homes with various layouts and an average size of 915 square feet. Community amenities will include a resident clubhouse, outdoor deck, resort-inspired swimming pool, fire pit, grilling area, landscaped courtyards, coffee bar, pet spa and a club-quality fitness center featuring cardio equipment, yoga studio, TRX system and Peloton bikes. Residents will also have access to controlled-access garage parking, dedicated bike storage and public EV-charging stations.
Apartment interiors will include nine-foot ceilings, stainless steel appliances, quartz countertops, tile backsplashes, wood plank-style flooring, custom cabinetry, moveable kitchen islands, pendant lighting, in-home washers and dryers, walk-in closets, private patios or balconies and a variety of smart home features, including smart thermostats and mobile-app entry. Bathrooms will feature double vanities, tile shower surrounds and quartz countertops.

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