JACKSONVILLE, FL – Madison Communities, an affiliate of Madison Capital Group, has recently broken ground on 276 units located in St Johns County adjacent to the new Ascenion St. Vincent’s Hospital immediately off I-95 and County Road 210.
Madison Fountains will feature 276 units incorporated into four-tale buildings. Project amenities will include luxury unit finishes, integrated clubhouse with fitness center, outdoor lounge with summer kitchen, a resort-style pool and pool deck with grilling stations and cabanas. The project will be delivered by Benco Construction, Madison’s affiliate general contracting group.
“We remain very active throughout Florida, with 4 additional multifamily communities under construction or in pre-development throughout the State. We have new communities under construction in suburban Orlando and and have plans to start as second deal in in the next 60 days and a project in Bonita Springs in the first quarter of 2023. Florida will be a huge focus for the company for the decade as we see substantial growth potential. said Ryan Hanks, CEO of Madison Capital Group.
Madison Communities is based in Charlotte, NC and focuses on the development and management of suburban garden apartment projects throughout the Sunbelt and has offices in Charlotte, Nashville, Orlando, Atlanta, Dallas, and Charleston.

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SOUTH BEND, IN – Toll Brothers, the nation s leading builder of luxury homes, through its Toll Brothers Campus Living division, announces the groundbreaking of The 87, a new four-tale, 335-unit luxury low-rise apartment community in South Bend, Ind., totaling nearly 431,000 square feet. The 87 will be the firm s seventh luxury student housing community developed nationwide.
Designed by KTGY Architects with V3 Engineering, and interior design by Mary Cook Associates and branding by Matchbox Studio, Toll Brothers Campus Living will manage the development, construction, marketing, and asset management of The 87. Construction is anticipated to be completed in 2024. The recent groundbreaking celebration was attended by senior executives from Toll Brothers, The 87 s development partners, South Bend elected and appointed government officials, and members of the media.
The 87 will represent the very best of what Toll Brothers Campus Living stands for, said Doug Smythe, Acquisition & Development Manager Toll Brothers Campus Living. From the quality of the materials to the extraordinary amenity offerings with best-in-class design and construction and unmatched resident services that our brand is already known for nationwide, we believe The 87 will be among the greatest rental offerings available in the market.
Located at 1710 N. Turtle Creek Dr. in South Bend and situated on the 10-acre former site of the Turtle Creek Apartments, most recently known as Campus View, The 87 will provide student residents with outstanding access to the University of Notre Dame campus, as well as St. Mary s College and Holy Cross College nearby. Spread among 26 townhomes and five apartment buildings ranging from three to four tales, The 87 will include 335 residences with a total of 810 beds. The community will offer a mix of studio, one-, two-, and four-bedroom rental homes ranging from 420 square foot studios to 2,000 square foot townhomes. The project features 423 total parking spaces, including a three-tale parking garage, private townhome garages, and surface parking.
Residents will delight in more than 15,000 square feet of interior and exterior common area amenities, including a two-tale fitness center, collaboration and private study areas, a content creation studio, a coffee bar, a social lounge, a multi-sport simulator lounge, and an All-Pro screening lounge, which ensures every fan of the Notre Dame Fighting Irish at The 87 will have a premier venue for watching the huge game without leaving home. Residents can also delight in outdoor amenities including a pet park, a basketball court, multiple courtyards with televisions, grills, fire pits, and outdoor games.
Residences at The 87 will feature luxury finishes including stainless steel appliances, luxury vinyl tile flooring, modern, two-tone kitchen cabinets, quartz countertops, and smart locks. Apartments will be fully furnished including a 55 Smart TV and will offer in-suite bathrooms for each bedroom, walk-in closets (in select units), and in-unit washer and dryer.
Notre Dame is one of the most storied schools in America and we are truly privileged to become a part of this community, said Charles Elliott, President of Toll Brothers Apartment Living, which oversees Toll Brothers Campus Living division. We are excited to develop our first multifamily project in Indiana and provide student residents in South Bend with the same quality and service we re known for throughout the country.
According to US News & World Report, Notre Dame is now tied for No. 18 out of 443 in the Best National University rankings. The Report also lists multiple Notre Dame undergraduate programs among the best in the nation, including Accounting at No. 6. Washington Monthly magazine ranks Notre Dame No. 10 in its National University Rankings of public universities contributing to the public excellent.
Named for 1887, the year of Notre Dame s first football team, The 87 represents the continued expansion of Toll Brothers Campus Living s footprint nationwide. The 87 is the newest project in the Toll Brothers Campus Living portfolio and joins other exceptional apartment communities under development by Toll Brothers at Georgia Institute of Technology, University of Central Florida, and Florida International University. The firm previously developed Terrapin Row at The University of Maryland, which was sold in 2017, The Yards at Ancient State at The Pennsylvania State University, and Canvas at Arizona State University.

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LOS ANGELES, CA – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of The Vermont, a high-rise multifamily community in Los Angeles’ Koreatown submarket. Image Capital, LLC, partnered with HGI on the transaction. The acquisition adds to HGI’s growing footprint in Southern California, following the acquisition of three multifamily communities in Long Beach in July 2022 and marking its tenth investment in the region.
Built in 2014, The Vermont comprises 464 apartment units across two high-rise towers perched above 31,000 square feet of retail space. The two towers are connected by a 7th floor sky lobby that features a library lounge, a club lounge, and a fitness center. The community also includes a six-level parking structure with separate entrances for residents and retail guests.
The Vermont features several defining characteristics and amenities that differentiate it from other apartment complexes in the neighborhood. In addition to the sky lobby, the community’s 7th floor offers nearly 27,500 square feet of outdoor space, including a resort-style pool and spa, yoga garden, dog parks, and multiple dining and entertaining areas. Interior units feature floor-to-ceiling windows that provide expansive views of the Hollywood sign, Downtown LA, and the Griffith Observatory.
HGI plans to implement a $22.3 million capital improvement plot to enhance the community, renovating common areas, interior hallways and upgrading select units. HGI’s investment activity on the West Coast has now exceeded $1 billion in the past twelve months.
“The Vermont offers the central location and expansive amenities today’s residents seek when choosing a home,” said Greg Heller, Managing Director, HGI. “Through this acquisition and investment, we see a significant value-add opportunity, positioning the community to better compete with newer, Class A properties in the neighborhood.”
The parties in the transaction were represented by Cushman & Wakefield., Inc. Marc Renard, Executive Vice Chair of the firm’s Capital Markets Group who led the team stated “The Vermont received interest from around the globe by investors that recognized the compelling cost basis versus new construction, the prospects for accretive additional property upgrades and the strong support for above national average rent growth driven by the numerous ‘knowledge’ based employment centers that surround the asset.”
Located at one of Los Angeles’ busiest intersections, the community offers convenient access to various destinations throughout the city. The LA Metro Rail’s Wilshire/Vermont subway station is directly across the street from The Vermont and easily connects residents to employers in nearby Downtown LA. Plotted expansions to the Metro Rail will soon connect residents to other job centers throughout the city, including Century City, Beverly Hills and Westwood.

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