PITTSBURGH, PA – Alpha Residential, a Pittsburgh-based multifamily developer, has announced plans for a 352-unit residential community in Moon Township’s emerging Diamond Ridge district. The development will feature 300 modern apartments and 52 built-to-rent townhomes, with initial townhome deliveries expected in Summer 2026 and full project completion in Spring 2027.
The new community will be located on Market Place Boulevard, strategically positioned just 6 miles from Pittsburgh International Airport and 13 miles from downtown Pittsburgh. The development will be part of the growing Diamond Ridge district, a dynamic mixed-use district that includes Class A office space, retail, and residential communities.
“This project represents a significant milestone in Alpha Residential’s growth and our continued commitment to the Pittsburgh market,” said Jide Famuagun, CEO of Alpha Residential. “As a Pittsburgh-based company, we’re particularly excited to contribute to the continued growth of Moon Township while exploring innovative design and sustainability features that will set new standards for residential development in the region.”
Apex Diamond Ridge will offer a mix of one- and two-bedroom apartments along with three-bedroom townhomes featuring attached garages. Residents will delight in two floors of state-of-the-art amenities, including a swimming pool and comprehensive fitness center. Individual units will feature premium finishes including 9-foot ceilings, stainless steel appliances, and quartz countertops. As part of its commitment to innovative design, Alpha Residential is exploring the integration of geothermal energy technology within the development, which could enhance the project’s energy efficiency and environmental sustainability.
“The Diamond Ridge district represents the future of suburban Pittsburgh development, combining accessibility, amenities, and thoughtful design,” added Famuagun. “Our mix of apartments and townhomes will provide needed housing options for the growing Western Pittsburgh suburb and Pittsburgh International Airport corridor following the $1.5 Billion investment to expand the airport while complementing the area’s existing office and retail developments.”
The project marks Alpha Residential’s second multifamily development in the Pittsburgh area, following Apex Newbury in South Fayette, which is scheduled to open in August 2025. The new Apex Diamond Ridge community will be situated near key amenities including the Montour Trail and Robinson Town Centre.

Powered by WPeMatico

ARLINGTON, TX – The Texas Rangers and The Cordish Companies celebrated the grand opening of One Rangers Way in the heart of the Arlington Entertainment District. With a blend of bespoke design, resort-inspired amenities, and a rich celebration of the Texas Rangers’ history, One Rangers Way has officially welcomed its first residents, offering an unmatched luxury living experience.
“The grand opening of One Rangers Way is monumental for both the Texas Rangers and our Arlington community that has long awaited a luxury residential option of this caliber,” said Jim Cochrane, Texas Rangers Executive Vice President & Chief Business Officer. “One Rangers Way embodies the spirit of the Rangers, blending modern luxury with the team’s history in an unmatched way. We are thrilled to offer residents a lifestyle that celebrates excellence, tradition, and the vibrant energy of Arlington’s Entertainment District.”
One Rangers Way is the first residential component of Arlington’s Entertainment District, setting a new standard for elevated living in the area. The upscale building will give an exclusive first opportunity to live within walking distance to some of country’s premier sports, entertainment, hospitality and cultural venues including Globe Life Field, Choctaw Stadium, AT&T Stadium, Texas Live!, Live! by Loews, Loews Arlington Hotel & Convention Center, Arlington Museum of Art, and forthcoming National Medal of Honor Museum.
“The Cordish Companies is incredibly honored to celebrate the opening of One Rangers Way,” said Blake Cordish, Principal of The Cordish Companies. “One Rangers Way is on par with any residential community in the country. With this building, we have delivered a truly exceptional community that offers an amenity-rich lifestyle and unique opportunity to live steps away from iconic venues and attractions. Today’s milestone is an vital step in cementing Arlington as a world-class mixed-use destination for decades to come.”
One Rangers Way offers over 50 floor plot options across its 300-unit community, including studios, one- and two-bedroom apartments, and penthouses to appeal to all types of residents from young professionals and sports fans to families. Each residence features high-end finishes like quartz countertops, custom cabinetry, stainless steel appliances, floor-to-ceiling windows, and in-unit washers and dryers. Named after iconic Rangers players and moments, floor plans honor the team’s history in a deeply personal way that resonates with fans. Rents start at $1,400 for studios, with penthouse options beginning at $4,000.
With over 43,000 square feet of interior and exterior amenity space, One Rangers Way opens as one of the country’s most luxurious resort-style living experiences. Residents can also indulge in an extensive calendar of events organized by a dedicated Lifestyle Coordinator, making opportunities to connect with neighbors and celebrate the spirit of One Rangers Way. The building provides amenities and services on par with the finest residential and condo buildings in the country.
“Congratulations to The Cordish Companies and the Texas Rangers for the opening of this gorgeous residential development,” said Arlington Mayor Jim Ross. “One Rangers Way will truly deliver a one-of-a-kind living experience in the heart of our Entertainment District, and we are grateful for our partners continued investment in Arlington.”
The rich history of the Texas Rangers is showcased throughout the building by a curated collection of the team’s artifacts and player-inspired artwork, allowing fans to immerse themselves in the team’s legacy like never before. Rangers’ memorabilia incorporated into the building’s design includes dozens of artifacts on show, while the extensive art collection, tailored specifically for One Rangers Way, includes over 50 custom pieces featuring legendary Rangers players through the years, including artistic photographic prints, murals, sculptures, and incredible installations.
Each piece of art and memorabilia was hand selected to tell the tale of the franchise and residents will truly be living like champions alongside some of the greatest moments in Rangers’ history. Highlights of the art and memorabilia collection include Iván “Pudge” Rodríguez’s bat, Corey Seager’s game-worn hat and positioning card, a game-used base from the Rangers AL West clinch game, a 2023 World Series celebration mural, a bat mixed media sculpture, and more. These elements transform One Rangers Way into an interactive celebration for every Rangers fan who calls it home.
The opening of One Rangers Way marks the culmination of years of plotting and development, and pre-leasing has surpassed all expectations. With today’s opening, over 95% units are leased within the first phase of go-ins before Rangers’ Opening Day, with 60% of the entire building leased.
“The excitement surrounding One Rangers Way has been extraordinary,” added Emelyna Aurich, Director of Property Management for Cordish Living, The Cordish Companies’ multifamily division. “This community stands apart because it offers exceptional amenities, services, and proximity to some of the best entertainment and dining options in the region, while giving residents exclusive access to the Rangers clubhouse. With demand exceeding expectations, we encourage prospective residents to act quickly to secure their opportunity to be part of this exceptional experience.”

Powered by WPeMatico

MELBOURNE, FL – Carter Multifamily announced the acquisition of Mode at Melbourne, a 166-unit garden-style multifamily community located in Melbourne, Florida. This latest addition to Carter Multifamily’s value-add portfolio will be managed by Allegiant-Carter Management, the in-house property management arm of Carter Funds. As an affiliated company under the Carter Funds umbrella, Allegiant-Carter Management will oversee the property’s day-to-day operations, ensuring seamless alignment with Carter Multifamily’s strategic vision and value-enhancement initiatives.
Mode at Melbourne is located in Melbourne, Florida, on the state’s rapidly growing Space Coast, southeast of Orlando. The property consists of 166 apartment homes featuring spacious one-, two-, and three-bedroom floorplans, with an average unit size of 1,707 square feet—approximately 500 square feet larger than the average of comparable units in the market. Built in 2020, the community spans approximately 218,592 rentable square feet and was 94.6% occupied at the time of acquisition, with an average monthly rent of $1,923.
Mode at Melbourne offers luxury-style amenities including a resort-style pool, fitness center, resident clubroom, EV charging station, dog park, and select units with water views. The property, formerly known as The Palm Bay Grand, will be rebranded to Mode at Melbourne, enhancing its market positioning.
Melbourne’s Space Coast is a rapidly expanding market fueled by strong population and job growth. Home to major employers like Northrop Grumman, L3Harris, SpaceX, and Blue Origin, the area continues to attract high-profile companies, including Boeing’s Space and Launch division. Ongoing tech sector expansion, such as L3Harris’ proposed 200-job campus growth, further drives housing demand, positioning Mode at Melbourne for long-term appreciation.
Carter Multifamily plans to enhance the property’s value through a targeted value-add strategy. This includes interior renovations, exterior upgrades, and operational efficiencies, as well as revitalizing the property’s branding.
Ray Hutchinson, Chief Executive Officer of Carter Funds, commented, “We’re excited to expand our multifamily portfolio into this dynamic, high-growth submarket along Florida’s Space Coast. Mode at Melbourne is well-positioned to capitalize on the region’s sustained population and job growth. With larger-than-average apartments, the property holds a unique competitive advantage and presents an brilliant opportunity for value creation.”

Powered by WPeMatico