WORCESTER, MA – Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corporation, and an owner, manager, and developer of luxury lifestyle-oriented multifamily and mixed-use properties, celebrated the official opening of 145 Front at City Square, a new collection of studio, one- and two-bedroom luxury apartment homes in Downtown Worcester. Roseland executives were joined at the event by Worcester city officials, including Mayor Joseph Petty and City Manager Edward M. Augustus, Jr.

A key component of a $565-million, master-plotted development that is bringing more than 22-million square feet of commercial, medical, retail, entertainment, and residential space to the area between City Hall and Union Station, 145 Front at City Square features 365 residences, complimented by a curated mix of amenities and 10,000 square feet of ground-floor retail space. Roseland designed the property to cater to residents who value open floor plans that allow them to tailor their living areas and entertain in modern comfort. 

Additionally, the company has infused 145 Front at City Square with state-of-the-art amenities including a dog run; resort-style pool with sundeck, courtyard with fire pits, grills, TV, and bocce ball; fitness center with yoga and spin room featuring Fitness on Demand™; clubroom with billiards, skee-ball, foosball, shuffleboard and computers; onsite concierge; package lockers; and a parking garage.

“We’re thrilled to celebrate the opening of 145 Front at City Square, a premier apartment community that sits right at the center of Worcester’s vibrant and continuously evolving downtown, and within steps of a growing roster of restaurants, nightlife, and retail options,” said Gabriel B. Shiff, Chief Operating Officer of Roseland Residential Trust. “This property offers a level of luxury finishes and amenities that is truly unrivaled in Worcester, and it has been extremely exciting to see the community come to life as more and more residents go into their new homes here.” 

Ranging in size from approximately 500 to 1,250 square feet, the homes at 145 Front at City Square feature wood-plank-style flooring and contemporary kitchens equipped with stainless steel appliances and fixtures, Caesarstone® countertops, gray subway-tile backsplashes, and sleek, modern cabinetry. Every residence features pendant lighting, ceramic tile soaking tubs, in-unit washers and dryers, and solid-shelving closets. Select residences feature private balconies and terraces as well as dens and studies.

As the desirability of Downtown Worcester continues to grow, 145 Front at City Square has been especially attractive to Worcester’s growing workforce in the advanced manufacturing, information technology, biotechnology, and healthcare sectors. 

Part of a public-private development project that is driving a dramatic transformation of the city, 145 Front at City Square is located adjacent to Worcester’s Union Station, which provides multiple transport options, including Massachusetts Bay Transportation Authority (MBTA) trains, Amtrak, and MBTA, which offers service to Boston’s South Station in approximately 90 minutes.

The community is reflective of Roseland’s focus on developing in select transit-oriented markets throughout the Northeast – a strategy that’s also apparent in East Boston, where the company is developing Portside at East Pier – a master-plotted, mixed-use waterfront development of 550 luxury apartment homes and retail space. 

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DALLAS, TX – Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, and Dallas-based developer Wynne/Jackson announced the completion of the second phase of a mixed-use development project to expand and enhance the housing options available to students at the University of Texas at Dallas. The two-phase Northside development now provides more than 1,500 University students with a modern, amenity-rich living experience at the northern edge of campus.

The second phase adds 900 beds in both mid-rise apartment and townhome styles, featuring studio, one, two, three and four-bedroom floor plans. Northside’s second phase also brings a variety of new amenities including a second resort-style pool with spacious patio and lounge areas, a tournament sand volleyball court, a second, much larger indoor/outdoor fitness center, individual study rooms on each floor, a “sky lounge” amenity space, and more than 7,000 square feet of additional retail space.

Completed in 2016, Northside’s first phase brought 600 beds with significant amenities and a parking garage, as well as a variety of restaurants and pubs and a recently opened state-of-the art 7-Eleven, to the 13 acre tract of land located north and west of the Synergy Park Boulevard and Floyd Road intersection, adjacent to the proposed site of a future DART rail station.

Key participants in the Northside phase 2 development include lead equity partner Star America and the overall design/build team headed by Andres Construction featuring lead design firm Architecture Demarest, landscape architect TBG Partners, and interior designer Keaton Interiors. Balfour Beatty Communities will continue to provide residential leasing and management services for the comprehensive Northside development, while Wynne/Jackson will continue to provide leasing and management services for the retail components of the property and asset management of the property.

“This is an exciting milestone for UTD and our development partners and it is truly gratifying to take in the remarkable transformation this area has undergone since we broke ground on the multiphase Northside project more than three years ago,” said Bob Shepko, president of Balfour Beatty Campus Solutions. “Our teams have worked tirelessly over the past year to achieve an on-time delivery of Phase 2 and we’re thrilled to help the University achieve its goal of providing students with expanded options for high-quality, modern housing that is convenient to campus.”

“The intent of Northside was to make a walkable gathering spot with high quality services and amenities along with a safe and comfortable living environment for students. We are proud to have accomplished this evidenced by Phase 1 being 100% leased for 3 years in a row and Phase 2 being full in advance of delivery,” said Clyde Jackson, President & CEO of Wynne/Jackson. “Stay tuned for more exciting announcements about the Northside Restaurant Park that is part of Phase 2.”

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MELBOURNE, FL – Walker & Dunlop announced that it structured $30,589,100 in financing through the United States Department of Housing and Urban Development (HUD) for The Highline apartments, a 171-unit, mixed-use, multifamily complex located in Melbourne, Florida. The transaction was promoted by several local businesses who advocated for the development of The Highline to support young professionals and millennials seeking to relocate to the area.

The City of Melbourne is located within Florida’s “Space Coast,” which has been newly dubbed America’s “High Tech Titan.” The area plays host to key aerospace and tech companies such as Northrop Grumman, Space X, Blue Origin, Harris, Lockheed Martin, and GE as well as the Florida Institute of Technology. These major employers have added over 8,000 jobs in 6.5 years1, causing a large influx of young, well-paid employees and increasing demand for modern and urban apartments. As the downtown district revitalizes, The Highline directly addresses this demand, marking the city’s first Class A, market-rate high-rise multifamily building in the historic district, making it a unique offering in the market. 

Jeremy Pino and Livingston Hessam, from Walker & Dunlop’s Capital Markets group, led the transaction in partnership with the company’s HUD experts, Keith Melton and David Weird. The team worked with several parties to overcome a rising interest rate environment and the increasing cost of construction on behalf of the sponsors, Richard Samuel Zimmermann, Jr. and Sam Zimmerman (“Zimmerman Development”). Their innovative solution for funding the development of the market rate apartment complex included a fixed rate, 40-year loan utilizing HUD’s Section 221(d)(4) mortgage insurance program.

Mr. Zimmerman stated, “This was a complex transaction involving the partnership of the City of Melbourne and HUD. Our success was a direct result of the expertise and professionalism of Walker & Dunlop, and Jeremy Pino in particular.”

“We were thrilled to partner with our HUD experts to make this purpose-built transaction possible and to provide a unique development that will attract and enhance the City of Melbourne’s young professional market,” commented Mr. Pino. He added that, “The Highline is following a trend that we are seeing throughout Florida, in which cities are encouraging the development of multifamily in the downtown urban cores. The partnership between Zimmerman Development and the City of Melbourne to build the 8-tale midrise will be transformational for downtown Melbourneand Brevard County.”

The Highline will feature 171 units with a luxury amenity package, including a pool, sundeck, gated dog walk area, and a fire pit. A clubroom, catering kitchen, sports bar, game room, and fitness center with a yoga studio represent additional amenities housed within a clubhouse.

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