HOBOKEN, NJ – Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, announced the formation of a joint venture to buy land and develop a multifamily residential tower on the Jersey City Waterfront. Urby will co-manage construction and development, and also oversee property management and leasing alongside Rockhill, Rockpoint’s property services affiliate.
The 69-tale building, which will be called 201 Hudson – by Urby, will comprise 748 market-rate studio-, one-, two-, and three-bedroom apartments. The project will also include approximately 10,000 square feet of retail space and 102 surface parking spaces. 201 Hudson – by Urby is the second phase of a three-tower multifamily development master plot.
The building is located in the highly desirable Jersey City Waterfront submarket, offering a lively neighborhood atmosphere and exceptional connectivity within the Tri-State area. The Grove Street and Exchange Place PATH stations and the Harborside Ferry terminal are a small walk away, putting Manhattan at a 10-minute commute from the front door. Residents will also have convenient access to the Harborside Light Rail, which stops right outside the building, as well as I-78 and the Holland Tunnel.
“The Jersey City Waterfront continues to distinguish itself as one of the most compelling multifamily submarkets in the New York metro area, driven by strong demographic tailwinds, significant public and private investment, and exceptional transportation access to Manhattan,” said Dan Domb, a Managing Member and COO at Rockpoint. “We are excited to partner with David Barry and his team who we believe are some of the most talented and creative developers in the business.”
Residents will have access to a robust suite of lifestyle-oriented amenities, including a resort-style pool with views of the Manhattan skyline, parlor and garden rooms, a state-of-the-art fitness center, dog run, children’s play area, roof deck, and Class A finishes throughout. Many of the units will have stunning views of the Manhattan skyline and the Hudson River.
“201 Hudson – by Urby continues our vision of making engaging, design-driven residential communities on the Jersey City Waterfront,” said David Barry, Founder and CEO of Urby. “We are pleased to have Rockpoint join the project as we deliver the next chapter of this three-tower development and continue to contribute to the ongoing growth of Jersey City.”
Rockpoint has a longstanding history of investing in the residential sector and has closed on or committed to 146 residential investments since 1995, inclusive of investments made at its predecessor, comprising approximately 100,000 multifamily units. In addition to 201 Hudson – by Urby, the firm’s Jersey City investments also include The Morgan Provost Square, a Class A Jersey City Waterfront community; The Declan, a ground-up luxury development in the Port Imperial submarket; and Embankment House, a stabilized Class A community in the Hamilton Park neighborhood of Jersey City.
Newmark’s Co-Head of U.S. Capital Markets Adam Spies, Executive Vice Chairman Adam Doneger and Managing Director Michael Collins advised both Urby and Rockpoint on the transaction.
The project team includes New York-based architects HLW; Concrete Amsterdam, the Dutch studio behind citizenM and other globally recognized hospitality concepts; interior designer Shawn Hausman, known for award-winning hospitality and lifestyle developments; and landscape architect Bas Smets, whose practice is responsible for the reimagined grounds of Notre-Dame Cathedral in Paris as well as LUMA Arles and the Mandrake Hotel in London.

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CHICAGO, IL – RPM Living, a full-service multifamily property management, investment and development company, announced the official opening of Cerca Glenview, a newly constructed 62-unit luxury multifamily community near downtown Chicago at 1850 Glenview Road. The apartment complex, developed by The Drake Group, celebrated its official ribbon cutting June 17 and welcomed its first residents on June 19, 2026.
This is a project that s years in the making, and welcoming our first residents is a proud moment for our team, said Tom Drake, Principal, The Drake Group. We have deep roots in this community, and that personal connection shaped every choice we made throughout the process as we strived to build something the neighborhood could be proud of.
Cerca Glenview offers a range of floor plans including junior one-bedroom, one-bedroom, two-bedroom and three-bedroom residents, with monthly rents ranging from $2,745 to $7,300. Atop the building sits the Cerca Reserve Collection, a curated offering of penthouse residences on the fifth floor with access to an exclusive top-floor amenity level. The community is already 35% occupied and 45% leased.
Situated in the heart of downtown Glenview, Cerca Glenview offers residents convenient access to the village s array of dining and retail offerings, as well as prime transit corridors. The property serves as a residential anchor to the area as the surrounding community continues to attract development and investment along the North Shore.
Cerca Glenview is a standout addition to Chicago s North Shore market, said Will Shew, Regional Vice President for RPM Living. We ve already seen tremendous demand since preleasing started mid-April 2026, which speaks to the property s value and the appetite for luxury living in Glenview. As the management company, we look forward to fostering an exceptional community for current and future residents.
Construction on the project broke ground in October 2025, with Weis serving as the general contractor and Cullen Construction Management as owner s representative. Wintrust provided financing for the project.

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PHOENIX, AZ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera City North, a contemporary community in the emerging Desert Ridge neighborhood of North Phoenix.
The wrap-style community, which will feature 330 homes, will serve as a key component of the City North master plot, a 100-acre, two million square-foot mixed-use development comprised of retail, office, hotel and residential space. First go-ins are anticipated for summer 2028.
“Modera City North is a unique, well-positioned community that will capture the best of both metropolitan and tranquil living,” said Brandon Finnie, vice president of development in Arizona for Mill Creek. “With its spacious floor plans, refined suite of amenities and proximity to the area’s key employment centers, we believe the community will quickly ascend to a best-in-class option in a neighborhood brimming with increased demand.”
Situated at 20711 N 54th Street on the border of Desert Ridge and North Scottsdale, Modera City North is located just north of Loop 101, a key thoroughfare that connects to many major employers, including Republic Services, Sprouts, ASM, Banner Health, Nationwide and Axon. In addition to the forthcoming attractions within City North, the community sits adjacent to Desert Ridge Marketplace, a 1.2 million square-foot retail center and High Street, a 628,000 square-foot mixed-use lifestyle mall, both of which are home to an array of retail, dining and entertainment options. The community is also less than two miles from Mayo Clinic Hospital and a regional office for American Express, which employs more than 13,000 associates.
Modera City North will offer one-, two- and three-bedroom homes with various layouts up to 1,450 square feet. Community amenities will include a resort-style swimming pool, hot tub and spa, outdoor dining, landscaped courtyards, resident clubhouse, game room, pool table, pet park, pet spa and a club-quality fitness studio with cardio equipment and yoga/Pilates studio. Residents will also have access to a conference room, coworking space, garage parking with private EV-charging stations, digital package lockers, bike storage and additional storage space. The community will be built to, and is pursuing, an NGBS Silver Certification.
Homes will include oversized windows, nine- and 10-foot ceilings, wood-style plank flooring, stainless steel appliances, quartz countertops, pull-down faucets, tile backsplashes, soft-close cabinets with under-cabinet lighting, separate dining areas, movable kitchen islands, oversized bedrooms with spacious closets, in-home washers and dryers, controlled-access guest technology and private patios or balconies. Designer bathrooms will include double vanities, quartz countertops and tile shower surrounds.

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