MIAMI, FL – GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of Advenir at Biscayne Shores, a garden-style community located in Miami, FL that will be rebranded as Windsor Biscayne Shores.
The 240-unit community features resort-style amenities, such as a clubhouse, pool, fitness center, playground, grilling areas, and dog park. Located across the Broad Causeway (123rd Street) from the Haulover Inlet and Beach Park, which provides residents with public beach access directly on the Atlantic within a 15-minute drive, the community provides walking access to Whole Foods Market, LA Fitness, Walgreens, Home Depot, and Starbucks.
GID plans to renovate the community and transform the resident experience through an updated fitness center, repainted exteriors and interiors, refreshed clubhouse and leasing center, and refurbishing the remaining residences with modern finishes.
GID is a leading real estate investment and management firm that operates a diverse portfolio of multifamily, industrial, and mixed-use developments across the United States. With over 60 years of experience across multiple asset classes, GID is an established real estate private equity investor and fiduciary supported by an integrated operating platform with approximately 53,000 multifamily units and over 27M square feet of industrial and commercial space of assets under management.

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PHILADELPHIA, PA – Greystar and FCP announce the new riverfront Edgewater Phase II apartment community will wrap construction in the second quarter of 2023. The community was built using modular construction, which is a new method that is more sustainable with less material waste, energy consumption, and carbon footprint than conventional construction methods.
Additionally, modular construction results in better quality than conventional construction by providing: Superior acoustics due to the dual layer walls and ceiling/floors; Improved quality of finished apartment homes due to manufacturing in a controlled environment with integrated quality control; Better plumbing and mechanical systems that are more energy efficient.
“We’re excited for the completion of Edgewater Phase II,” said Nick Fontaine, Director of Real Estate at Greystar. “This community has a fantastic amenity package and an incredible riverfront location that is also minutes from the best restaurants, entertainment, shopping and culture that the city has to offer. It is a place that residents are going to like.”
“FCP is thrilled to enter the last phase of construction for Edgewater II, a modern and welcoming addition to the Edgewater community,” said FCP’s Ross Magette, Vice President of Development Management. “Utilizing a well-established and proven modular technology, residents in this building will delight in quieter living in a high-quality building knowing that their homes were built with a minimal carbon footprint. Construction completion will represent the culmination of several years of work on this project with Alterra Property Group (APG), who led the sourcing of the modules and the execution of the construction. APG has been a longtime partner with FCP on several projects and we are excited to bring another one to fruition.”
Edgewater Phase II has 180 apartment homes available in studio, one- and two-bedroom floorplans that range from 435-1035 square feet with rents starting at $1,700 a month. Apartments feature an in-unit washer and dryer, dishwasher, quartz countertops, under-cabinet lighting, a tile backsplash, ample built-in storage/media cabinet, and an integral light vanity mirror.
Community amenities include a fitness center and yoga studio, courtyard pool, co-working lounge, billiards room, package locker, outdoor grill and lounge area, roof deck, business center, dog park, and a residence lounge with Wi-Fi. Edgewater Phase II has direct access to the Schuylkill River Trail which offers a variety of recreational opportunities and scenic vantage points.

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BUFFALO, NY – CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, announced the closing of Ellicott Park Townhomes. The 8.9-acre property consists of two non-contiguous parcels and is located at 10 Durham Court in downtown Buffalo, a few blocks from the main business district.
CPP s total development investment is expected to be approximately $54.7M, with a total investment in renovations of $14.2M. Renovations are expected to be completed in Spring 2023. CPP plans to ensure a minimal impact on residents during the renovations.
The restoration of Ellicott Park Townhomes will preserve 220 total family units encompassing 150 Section-8 units across 21 two-tale townhouse-style buildings. Unit renovations will include ADA unit conversions, replacements, extensive kitchen and bathroom upgrades, and large building system replacements and upgrades.
Significant exterior upgrades will include window replacements, brick masonry repairs and roof repair. Residents will see numerous improvements made to shared community spaces. Site work will include repaving and restriping of the development s parking lot, with the addition of a new playground, gazebo, dog park, BBQ grills, bike racks, and an improvement to the paths of travel.
The renovation of Ellicott Townhomes will significantly extend the use of the property while enhancing the quality of life for its residents, said John Fraser, Development Director at CPP. Upstate New York has a strong demand and significant need for subsidized and affordable housing. CPP will transform the property into a safe, desirable and well-maintained property.
Development partners on the project include Rochester’s Cornerstone Group, PNC and Redstone.

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