Stoneweg Expands Reach With Acquisition of 316-Unit Old Jennings Development Site in Jacksonville Submarket of Middleburg, Florida

ST PETERSBURG, FL – Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Ancient Jennings, in Middleburg, FL which rolls up to the bustling Jacksonville MSA, and represents the Company’s third major project in its growing multifamily apartment development pipeline. Stoneweg US will utilize 15 acres to build a 316-unit multifamily apartment community, reserving 7.5 acres on the 22.5-acre site for green space.
“Ancient Jennings is an exciting addition to our growing development portfolio,” said Mark Rios, Director of Development for Stoneweg US. “Jacksonville has steadily seen positive net migration for the last several years and continues to be a well loved tourist destination for its rich history and cultural scene so our ability to capitalize on such a strong submarket bodes very well for our proposed construction of Ancient Jennings.”
Ancient Jennings is conveniently located in the north central area of Clay County with close proximately to major highways, employers, shopping sites and cultural attractions. Following construction, the multifamily apartment community will consist of 1,2, and 3-bedroom units with ample square footage for growing families. Amenities will be first-class and inclusive of an expansive clubhouse with swimming pool, garage and storage availability, a dog park and quality fitness center. Units will be fully equipped with energy efficient appliances and stand-out finishes, and the multifamily community will adhere to the highest sustainability practices with respect to waste reduction, water efficiency and energy usage.
Jacksonville-based, Boldline Design Group, will serve as the lead architect; Almond Engineering has been appointed as the project’s civil engineer; and WhiteSpace will serve as the Building Technology Advisors. Stoneweg US will also submit the project for Green Globes Certification in accordance with its commitment to incorporate sustainability best practices throughout each development they build.
“Our goal is to grow an aggressive and robust multifamily development pipeline that incorporates sustainability and community within all stages of the construction,” said Sam Palmer, EVP, Asset Management and Development. “Ancient Jennings checks all the boxes in that regard.”
Groundbreaking for Ancient Jennings is targeted for Q3 of 2022 with an anticipated construction cycle of approximately 24 months.

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Hamilton Zanze Completes Disposition of Miro at The Parc Apartment Community in Affluent Henderson Submarket of Las Vegas

HENDERSON, NV – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Miro at the Parc apartment community located in the desirable Henderson/Green Valley submarket of Las Vegas, Nevada. The firm bought the property in 2014 and the sale closed on May 25, 2022. Newmark’s Doug Schuster represented the sellers at acquisition and disposition.
During their ownership, Hamilton Zanze completed numerous exterior and landscaping improvements, and several amenity upgrades as well.
“Las Vegas continues to be a solid market with strong population and job growth. Miro at the Parc represents the 10th Las Vegas property sale for Hamilton Zanze. We were ahead of schedule with our business plot and returns well-exceeded our initial expectations. It is fantastic to deliver this win to our investors,” said Anthony Ly, senior director of dispositions at Hamilton Zanze.
Miro at the Parc was built in 2013 and is located at 1651 American Pacific Drive in Henderson. The property comprises 164 one- and two-bedroom units averaging 1,043 square feet. The community has a 5,000-square-foot clubhouse with TV rooms, pool tables, shuffleboard, arcade games, and a 24-hour fitness center. The property also has a pool with a beach area, fire pits, showers, and an infinity hot tub.
Miro at the Parc is in the Henderson/Green Valley submarket of the Las Vegas metro area, one of the most affluent submarkets in the market. The property is conveniently located close to two major freeways, I-515 and I-215, which provide simple access to downtown Las Vegas. Additionally, the property is located just a 20-minute drive west of the Las Vegas Strip, which provides entertainment, shopping, and dining for residents.

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Titan Development Joint Venture Breaks Ground for 254-Unit The Lock at Flatirons Apartment Community in Broomfield, Colorado

BROOMFIELD, CO – Titan Development and Pivot Development, leading real estate development and investment firms, hosted a groundbreaking event on The Lock at Flatirons, a new $80 million, 254-unit luxury multifamily development in the Interlocken Technology Park within the MidCities District of Broomfield, Colorado, a suburb of Denver. The project, which was announced in July 2021 and started construction in December 2021, is plotted for completion in the second quarter of 2024. Dwell Design is the project architect, Shaw Construction is the general contractor and FPI Management will be the operator.
The 3.3-acre complex at 460 Flatiron Blvd. is directly off the Interlocken Loop and near the Denver Boulder turnpike, an vital area thoroughfare, and Broomfield’s location at the midpoint between Denver and Boulder will offer residents simple access to both cities and nearby employers including Ball Corporation, Oracle, Salesforce, Uber, CenturyLink and Vail Resorts. As part of the Interlocken area, the development is within walking distance of many retail, dining and entertainment venues, and nearby are golf courses, hotels and the FlatIron Crossing shopping center. The property is located in the Boulder Valley School District, which consistently ranks among the top three of Colorado’slarge Front Range school districts.
The Lock at Flatirons will feature upscale fixtures, finishes and appliances in all units, a sky lounge with Flatirons view, fitness center, resort style pool and spa, bike storage and stations, a dog park and dog spa, secure access parking, technology packages throughout the property and co-working space. Smart home technology will be installed for increased resident safety. Floor plans include studio, one- two- and three-bedroom apartments. Residents will experience the amenities of urban living combined with the convenience and comfort of suburban living.
“We’re excited to bring The Lock at Flatirons to Broomfield residents in conjunction with our partners at Pivot,” said Josh Rogers, Senior Vice President at Titan. “The Denver area is one of the nation’s fastest-growing regions for high-income renters, which when combined with the national housing shortage presents a tremendous opportunity for us to bring best-in-class apartment living to the young professionals working in the area, as well as attract residents from the greater Broomfield community.”
“With the combined multifamily experience between Pivot and Titan, we know this will be a top quality Class A multifamily development,” said L. Matthew Hare, President and Chief Investment Officer at Pivot Development. “The anticipation is well worth the wait for Pivot’s first multifamily project in Broomfield – the market is in need of housing, and Pivot Development wants to be part of meeting that need in our Colorado communities.”
The Lock at Flatirons is the first Colorado project for Pivot Development, which was founded in 2018 and focuses on the urban and suburban multifamily sector; the company has offices in Carmel, Indiana, and Greenwood Village in Colorado. Titan Development, which has offices in Albuquerque, New Mexico, and Austin, Texas, has strong track records of multifamily, industrial and self-storage projects across the Southwest.
“The City of Broomfield is pleased to welcome well-respected developers such as Titan and Pivot to our community,” said Guyleen Castriotta, Broomfield Mayor. “The Lock at Flatirons supports one of the City’s initiatives to secure a range of housing choices for current and future residents.”

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