DENVER, CO – FCP announces its first equity multifamily acquisition in the Denver, CO market with the joint venture recapitalization with BMC of Ivy Crossing, a 1,023-unit apartment community at 2320 S. Quebec Street. Earlier in May, FCP announced its investment, with Lincoln Property Company, in the development of a 450,000 square foot life sciences campus near Boulder.
“FCP is excited to partner with BMC, an experienced Colorado multifamily owner and operator, as we continue to expand our investment profile in the western U.S. regions,” said FCP’s Bart Hurlbut. “Our business plot at Ivy Crossing will include building on BMC’s achievements to date with a $23 million capital and interior renovation program designed to improve the property and its attractiveness within its competitive set.”
“We recognize the need for affordable workforce housing options in the Denver metro area and we feel it is our responsibility to make these environments for our residents and help better the neighborhoods in which we invest,” said Jeff Stonger, Chief Investment Officer of BMC Investments. “This partnership with FCP furthers that commitment and provides the right capital structure to deliver on that vision.”
Ivy Crossing is well-located near I-25 and I-225 and two Light Rail stations and is convenient to retail and employment centers including the Denver Tech Corridor, Fitzsimons Medical Campus and the University of Denver. Ivy Crossing features studio, one-, two- and three-bedroom floor plans on 36 acres with courtyards, picnic areas and dog parks. Amenities include a fitness center, clubhouse with an entertainment atrium, indoor and outdoor swimming pools, playgrounds and nearby walking trails.

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ORLANDO, FL – Embrey has closed on the buy of a 4-acre site in Orlando, Florida. The new development, Citron at The Packing District is located at the southwest corner of Princeton Avenue and Orange Blossom Trail in the heart of the area. Citron at The Packing District is Embrey’s second residential development in the unique mixed-use community being developed by Dr. Phillips Charities.
“Embrey was honored to be chosen in 2018 as the first multifamily developer by Dr. Phillips Charities for this iconic community vision,” said Brad Knolle, Executive Vice President of Development. “The Cannery at the Packing District, our first development, has been well received by Orlando residents and we are equally excited to be launching Citron as phase two of what we believe will define luxury living experiences for The Packing District.”
Citron at The Packing District will be 345 units with the clubhouse and first units available for leasing in mid-2024 and final completion is expected in the spring of 2025.
The apartment interiors will feature spacious floor plans with high ceilings and wood-style flooring, private patios and balconies, fully equipped kitchens with quartz countertops, bathrooms with dual vanities, garden tubs and separate showers with glass enclosures, and spacious closets. 
Community amenities include an elegant clubhouse, a resort-style pool, a gorgeous courtyard with an outdoor kitchen, a fitness and yoga center, a business center with micro-working areas, a dog park, and ample garage parking.
The Packing District is a 202-acre transformational project near downtown Orlando being developed by Dr. Phillips Charities. The overall project goal is to preserve a defining part of the city’s history while providing a vibrant base of living and commerce. Historic buildings will be repurposed, integrated with new uses, and connected to urban trails and a new 100-acre city park dedicated to health and wellness, education, arts and community, and sustainability. 

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WORCESTER, MA – National multifamily real estate development leader Wood Partners announced groundbreaking on its newest high-end residential community, Alta on the Row, marking the company’s first development in Worcester, Massachusetts. Opening of the community is slated for December 2023 with pre-leasing officially starting in October 2023.
Located at 22 Mulberry Street, Alta on the Row will be positioned in the heart of Worcester’s renowned “Restaurant Row,” providing residents with a wide range of dining and entertainment opportunities, including Wormtown Brewery and Leo’s Ristorante, directly adjacent to the property. Alta on the Row will also provide residents with quick access to some of the city’s top employers including UMASS Memorial Health, Saint Vincent Hospital, Hanover Insurance Group, as well as top higher education institutions including UMASS Chan Medical School, Worcester Polytechnic Institute, and Holy Cross.
“Wood Partners is thrilled to break ground on Alta on the Row, our first luxury property in the thriving City of Worcester,” said Jim Lambert, Managing Director. “Working with the City of Worcester on this project has been a truly collaborative process from the start, which makes us all the more excited to welcome new residents to the community next year and introduce them to Wood Partners’ signature approach to sophisticated living.”
At completion, Alta on the Row will offer 370 apartments comprised of one-, two- and three-bedroom floorplans. Featuring sophisticated, modern design finishes, each of Alta on the Row’s apartment homes will be fully outfitted with luxurious wood-style plank flooring, top-of-the-line stainless steel Samsung appliances, and quartz countertops in the kitchen and bathrooms to provide a cozy and welcoming place to call home. Additional high-end features include full-sized in-home washer and dryers, Schlage smart locks, shower and tub tile surrounds, and modern kitchen pendant lighting in select homes.
Throughout the property, residents can also indulge in Alta on the Row’s best-in-class community amenities, including a rooftop lounge with unobstructed views of downtown Worcester, a resort-style pool with turf surround, multiple grilling stations and firepits, an outdoor “living room” connecting the two courtyards, and an on-site pet spa and dog park with covered dog wash stations. Inside, residents will also have access to a 24/7 state-of-the-art fitness area with cardio and strength equipment, a game lounge and golf simulator lounge, co-working spaces, and ample lounge seating adjacent to both of the courtyards, as well as the rooftop lounge and clubhouse.
Alta on the Row’s prime location will be within walking distance of Union Station, enabling residents to easily reach Boston via the MBTA Commuter Rail. Closer to home, residents will have no shortage of fantastic shopping and entertainment options with leading retail sites like Mercantile Center and Worcester Common, as well as the DCU Center and Polar Park just a few miles from the property.

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