FORT WORTH, TX – Embrey announced that it has sold Kelley at Samuels Avenue, a premier property thoughtfully integrated into a historic site overlooking the Trinity River, in Fort Worth.
As part of the project, Embrey preserved two historic homes on the site by moving one to a new location, and the other, known as the Garvey House and “Queen of the Trinity” was transformed into the property’s leasing office. The Garvey House is a Texas landmark recorded by the Texas Historical Commission.
“Embrey is quite proud of this project and the awards recognizing the historic preservation,” said John Kirk, Managing Director & Executive Vice President of Development. “The community itself offers views of the river and the skyline of downtown Fort Worth and a comprehensive list of amenities. With its connection to Texas history, it has proven to be a desirable place where residents want to be.”
Community amenities include a reservable clubhouse for private parties, a resident library, a fitness center with yoga and spin studio with virtual trainer, a game room, and a bier garden. Residents also have access to a tech lounge with WIFI, a bike shop and storage, package lockers, a pet park and spa, an outdoor kitchen, expansive covered porches, and controlled access gates.
Units offer spacious floor plans and luxury appointments such as full-size washers and dryers, wood-style plank flooring, large kitchen islands with undermount sinks, stainless appliances, granite and quartz countertops, under-cabinet lighting, side-by-side refrigerators, and garden-style soaking tubs.

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PANAMA CITY BEACH, FL – The St. Joe Company announced the completion of the second phase of Pier Park Crossings, an apartment community in Panama City Beach, Florida. Along with joint venture partner HomeCorp, St. Joe started construction on the 120-unit phase in December 2019. The now completed 360-unit apartment community is approximately 93% leased. St. Joe has three additional apartment communities currently in various stages of construction.
Also in partnership with HomeCorp, St. Joe recently completed construction on four of the plotted 13 buildings at Watersound Origins Crossings, a luxury apartment community near the Watersound Town Center. A significant number of the completed units have been leased and the companies anticipate completing the remaining buildings in phases this year, making those additional units available for lease as they are completed.
Currently, under construction near the Breakfast Point community in Panama City Beach is Sea Sound Apartments, a plotted 300-unit apartment community being built by St. Joe and joint venture partner Flournoy Development Company. The companies started construction on the four buildings that will feature one, two and three-bedroom units as well as a resort-style pool, wellness and health studio and other amenities in 2020 and anticipate the first residents moving in later in 2021.
In Panama City, St. Joe broke ground in November 2020 on a plotted 240-unit apartment community off Star Avenue near the growing State Road 231 corridor. In addition to one- and two-bedroom apartment units, plans call for this community to feature three-bedroom townhome-style units making them ideal for working families as Panama City continues to recover from the housing shortage made by Hurricane Michael in October 2018.
With apartment communities in different parts of Northwest Florida at varying price points, we are able to attract a wide breadth of residents looking for apartment living in our region, said Dan Velazquez, Senior Vice President of Commercial Real Estate for St. Joe. As we add to our apartment community portfolio we are mindful of differentiating our offerings to suit the needs of the surrounding area of each project.
Our apartment communities feature nearly 400 completed units that have leased up quickly. In many cases, we have residents moving into apartments as soon as they are completed, continued Velazquez. Upon completion of our apartment communities that are currently under construction, we will have a portfolio of 1,117 apartment units in Northwest Florida. We anticipate the market demand that we ve been experiencing to continue as the region grows and we will explore additional apartment community projects to meet that demand where available.
Our growing portfolio of apartment communities aligns with our strategic plot of developing assets that make new streams of recurring revenue, said Jorge Gonzalez, President and CEO of St. Joe. The leasing activity that we ve seen to date is very encouraging and a positive indicator for our future plans in the apartment community market.

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PHOENIX, AZ – MORGAN, a Houston-based leader in multifamily development, construction, acquisitions and property management, has opened the Pearl Biltmore, its first multifamily luxury community in the Phoenix market. Located near the intersection of Highland and 24th Street, the 472-unit project is a joint venture between MORGAN and Mesirow.
Pearl Biltmore contains 19 unique floor plans in a mix of studio, one-, two- and three-bedroom apartments, including several loft-style units. The five-acre property is surrounded by more than 7.4 million square feet of Class A office space, medical offices, resorts, and numerous retail and dining destinations, including Biltmore Fashion Park. Less than a mile from State Route 51, the site offers convenient access to downtown and Phoenix Sky Harbor International Airport.
We are excited about opening our first investment in Phoenix,” Vice Chairman Alan Patton said. “With shopping, restaurants, entertainment options and daily conveniences right out the front door, Pearl Biltmore affords residents a lifestyle among the most desirable neighborhood amenities in one of the best submarkets in the valley. Within the community, we provide a host of best-in-class amenities synonymous with the Pearl brand.”
Premium Pearl amenities at the Pearl Biltmore include luxury vinyl plank flooring in living areas; Nest thermostats; full-size balconies or patios; open kitchens with stainless steel appliances, under cabinet LED lighting, Quartzite countertops and glass tile backsplash; Quartzite countertops and backsplash in the bath area, as well as LED backlit mirrors. Select residences have skyline views, walk-in closets, movable kitchen islands, walk-in glass showers, and spa soaking tubs.
Outside the units, the property features more Pearl extras, such as a two-tale fitness center with a cardio/strength training area and fitness-on-demand studio; a clubroom with lounge seating and media wall; two resort-style pool decks with grill stations, cabanas and bistro seating; a scenic sky lounge with an indoor/outdoor catering kitchen, media wall and Wi-Fi counter; a co-working lounge with a computer bar, printer station, refreshment center and private office pod; a bark park with pet wash area; a bike storage room with repair tools; and 24/7 package retrieval.
According to Alasdair Cripps, Chief Executive Officer and Co-Chief Investment Officer of Mesirow’s Institutional Real Estate Direct Investments business, “We are excited to partner with MORGAN on this latest investment in Phoenix, one of the nation’s strongest multifamily markets. This property exemplifies the signature Pearl luxuries, from the exclusive and classy ambiance of the property itself, to the premium amenities available for residents and the convenience and adventure offered by the exceptional location.”

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