ORLANDO, FL – Affiliates of Harbor Group International (“HGI”), a privately owned international real estate investment and management firm, and The Altman Companies announced the joint venture for the ground-up development of Altis Twin Lakes, a 346-unit luxury multifamily community in Orlando, Florida. HGI will contribute 85% of the required common equity for the development, with an approximate development cost of $104.5 million. Construction is expected to start in June 2023 and to be completed in two years.
Altis Twin Lakes will be located approximately 20 miles south of downtown Orlando. Proximate to US-441 (Orange Blossom Trail), Osceola Parkway and Florida’s Turnpike, the community will offer residents convenient access to Orlando’s major employment, retail and entertainment hubs, including two major technology-focused mixed-use communities, NeoCity and Lake Nona.
“As economic headwinds continue to impact the market, we see an opportunity to collaborate with experienced development partners with local market knowledge to do on attractive investment opportunities,” said Richard Litton, President, HGI. “We look forward to partnering with The Altman Companies to capitalize on Orlando’s strong in-migration trends and provide well-located housing that offers access to employment opportunities and lifestyle drivers.”
“Harbor Group International is a leading global real estate investment and management firm,” said Seth Wise, CEO of The Altman Companies and President of BBX Capital Real Estate. “We are excited to partner with such an esteemed group to bring another dynamic multifamily community to Orlando.”
Altis Twin Lakes will consist of 13 three- and four-tale residential buildings comprising of one-, two- and three-bedroom units with an average size of over 1,000 square feet. Unit interiors will include quartz countertops, stainless steel appliances, designer cabinets, LED fixtures, private balconies and patios, in-unit washers and dryers and smart home features.
The property will also feature a desirable amenities package, including a resort-style pool with cabanas and grilling stations, a clubhouse, coworking spaces, game rooms, a state-of-the-art fitness center, a yoga studio and a coffee bar.
HGI continues to be an active investor in Florida, last year acquiring five Miami based multifamily assets, including ParkLine Miami, two luxury apartment towers in Downtown Miami and Oak Enclave, a newly developed, 420-unit, mid-rise multifamily community in Miami Gardens.

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ATLANTA, GA – Wood Partners, a leading national multifamily real estate developer, has begun the wood framing stage of The Beverly by Alta, the company’s newest luxury community located in Atlanta, Ga. With construction on the property currently underway, the community is set to officially open in early 2024 with pre-leasing set to start at the end of 2023.
Located at 3314 Piedmont Road in Atlanta’s highly sought after Buckhead neighborhood, The Beverly by Alta is the perfect residential community for young professionals, placing them within minutes of the city’s main interstates. The community’s prime location offers direct routes to all areas of the city, as well as many of the area’s top employers including Salesforce, Atlanta Tech Village, Coca-Cola, Google and more. Residents will also have access to several major dining and entertainment areas, including Buckhead Village District, Lenox Square Mall and Phipps Plaza, as well as well loved outdoor attractions such as Chastain Park, Fetch Dog Park, Bobby Jones Golf Course, and the PATH400 greenway trail with four access points throughout the heart of Buckhead.
“Wood Partners is excited to announce The Beverly by Alta, a new community designed for residents to experience luxurious and comfortable living in the center of one of Atlanta’s most in demand neighborhoods,” said Bennett Sands, Managing Director at Wood Partners. “As an Atlanta-based organization, we are thrilled to continue expanding our footprint right in our back yard while contributing to the on-going boom in growth and development taking place throughout the city.”
Once complete, The Beverly by Alta will offer 291 apartment homes comprised of studio, one-, two- and three-bedroom layouts with custom-designed floorplans. Designed with a modern, luxurious feel in mind, residents will be welcomed home to light-filled, open floorplans, warm tones and sleek features. Each home will also boast an array of high-end finishes including luxurious kitchens featuring stainless steel Whirlpool appliances, quartz countertops and designer tile backsplash, as well as full size in-unit washer and dryer sets, spacious balconies and wood-style flooring in the main living spaces.
Outside their homes, residents of The Beverly by Alta will also be able to take advantage of the community’s best-in-class amenities, including a resort-style pool featuring cabanas and lounge chairs, outdoor pavilions, outdoor yoga deck, outdoor coworking space, grilling stations and outdoor fire pits, pool lounge, library, poker room, golf simulator, and an on-site dog park and wash area. Inside the clubhouse, residents will have access to a 24-hour fitness center and yoga studio, rentable private day offices and a TV lounge.

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NEW YORK, NY – Tredway, an affordable and mixed-income real estate developer focused on building and preserving high-quality, high-opportunity attainable housing, in partnership with Gilbane Development Company and ELH Mgmt announced the acquisition of Sea Park Apartments, an 816-apartment, three-building affordable property located between Surf and Neptune Avenues in Coney Island, Brooklyn.
“We are pleased to protect, preserve and produce new affordable homes at Sea Park, a framework that will increase access to opportunity for all current and future residents,” said Will Blodgett, CEO & Founder, Tredway. “The investments we are making will lead to a more affordable, connected, diverse, healthy and vibrant community and foster economic stability for the thousands of New Yorkers who call Sea Park and the wider Coney Island neighborhood home.”
“This outcome would not have been possible without the support of our partners,” Blodgett added. “I personally want to thank HCR, HFA and HPD for working collaboratively to deliver more affordable housing and address the specific needs of our residents and our city.”
“Gilbane Development Company is thrilled to work on this development with Tredway and ELH Mgmt to preserve and extend affordability of 816 units and construct 250 new affordable senior apartments,” noted Ed Broderick, President and CEO of Gilbane Development Company. “The scale of the transaction requires sophisticated and well capitalized partners to do and we are grateful for this terrific team.”
589 homes will serve households with a maximum yearly income of 60 percent of the area median income (“AMI”), 159 homes will serve those with a maximum income of 50 percent of AMI and 65 homes will serve households earning up to 80 percent of AMI. 90 apartments will be set aside for formerly homeless residents and there are three Superintendent’s units.
Tredway and its partners will embark on a multimillion-dollar rehabilitation of the entire Sea Park complex focused on quality-of-life improvements as well as strengthening its resiliency and improving the property’s energy efficiency.
The development team also intends to build 250 new units of holistic affordable housing at the site catering to seniors.
Berkadia and Deutsche Bank are the lenders. New York City-based ELH Mgmt will serve as property manager. An Ariel Property Advisors team led by founding partners Victor Sozio and Shimon Shkury, along with investment sales director Benjamin Vago and director of research and sales Remi Mandell, arranged the sale of the portfolio on behalf of the seller.
The preservation and creation of new affordable housing at Sea Park Apartments was achieved in conjunction with New York State Homes and Community Renewal (HCR), the New York State Housing Finance Agency (HFA), and the New York City Department of Housing Preservation and Development (HPD).

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