PHOENIX, AZ – Korman Communities, in partnership with RXR, has completed the buy of its first property in the Phoenix market. The groundbreaking new, 348-unit, seven-tale, professionally managed, Class A property boasting 60,000 square feet of amenity space, AVE Phoenix Terra, offers a unique flexible-stay living solution in Downtown Phoenix.
We are focused on growing our AVE portfolio of first-class residential properties in key growth markets across the U.S. This acquisition represents the first of many new ventures in Phoenix, says Bradley Korman, co-CEO of the Philadelphia-area-based Korman Communities. We are proud to have RXR as our partner on this venture, as our organizations are aligned on values and visions for the future.
We re proud to partner with the Korman organization in providing our residents with a world-class living experience filled with amenity-rich programming, state-of-the-art technology, and ‘five-star service, says Scott Rechler, Chairman and CEO of RXR.
AVE will be introducing its furnished apartment service, offering flexible month-to-month leases to the Phoenix market. All furnished apartments include a custom furniture package, a fully accessorized kitchen, a washer and dryer in residence, a linen package, and all utilities.
We are a solution for individuals who need a comfortable, flexible place to stay for 30 days or more. The Phoenix housing market has never been hotter in recent history, with inventory at new lows, says Lea Anne Welsh, COO of Korman Communities and president of the AVE. We can be a place for them to hang their hat until they find their next home. They just need to bring their suitcase – we ll take care of the rest!
AVE also will bring its best-in-class multifamily apartment living experience, which is designed to deliver the ultimate carefree lifestyle and a strong sense of community.
AVE Phoenix Terra features a variety of apartment floorplans ranging from studio to three-bedroom featuring contemporary amenities including chef-inspired kitchens in two color palettes, speckled quartz countertops, tile backsplashes, stainless steel GE appliances, abundant closet space featuring walk-ins with custom shelving, hardwood-inspired flooring, large, walk-in showers with glass doors, garden-style soaking tubs, and a Smart washer/dryer in residence. Select apartments feature built-in wine refrigerators and private patios/balconies.
All residents delight in complimentary access to unprecedented, on-demand amenities featuring a resort, palm-tree lined sundeck with a sparkling pool, loungers, and relaxing hot tub, two large courtyards featuring grilling stations, a tranquility fountain, lounge seating, a putting green, and outdoor gaming, an expansive, wraparound patio offering indoor-outdoor bar seating, a fire pit lounge, and spectacular city, valley, and mountain views, a 24/7 multi-zone fitness center featuring cardio, strength, and spin with indoor/outdoor access, a business center with flex workspace and reservable conference room and private work suites, secure, personal, Gigabit WiFi that travels with residents throughout the community, a fully equipped dog wash station, a beverage bar with freshly brewed, bean-to-cup coffee machine and Kombucha station, a resident social lounge with fully equipped, chef-inspired kitchen and dining area, and a mixology lounge with Speakeasy. AVE s professional Resident Services team is on site seven days a week to help with day-to-day living needs.
We want to ensure our residents are comfortable and feel taken care of, says Welsh. Our experienced, friendly team is on site every day to provide a quality living experience and a sense of community through concierge support, events, and partnerships.
AVE Phoenix Terra also boasts 7,000-square-feet of retail space, with the goal to bring two exciting dining concepts to the neighborhood and ultimately offer more convenience amenities for residents.
AVE Phoenix Terra is centrally located in Downtown Phoenix, walking distance to restaurants, shops, and entertainment. It s also convenient to everything in the region – just 10 minutes from Phoenix Sky Harbor International Airport, 5 minutes from the Light Rail with stops in Downtown Phoenix, Tempe, and Mesa, and less than 5 minutes to I-17 and I-10, which connects with Loop 101, offering an simple commute to Peoria and Paradise Valley.

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PLANTATION, FL – GID has bought a new garden-style apartment community located in Plantation, FL, named Windsor 335. The community, formally known as Alexan 335, comprises seven buildings across 10 acres, with one-, two-, and three-bedroom floorplans, totaling 248 units. The community is managed by GID s wholly-owned property management company, Windsor Communities.
With sophisticated apartment features and an extensive amenity package, Windsor 335 boasts lifestyle-oriented living in a luxury setting. Interior features include granite countertops, full-size backsplashes, and lofty 9-foot ceilings. Residents step just outside their doors to take advantage of amenities, including a tech lounge with a printing station, a saltwater pool with an aqua deck and hammock garden, and a gaming area.
With convenient access to all major thoroughfares, Windsor 335 is connected to major employment centers in downtown Fort Lauderdale, Port Everglades, and Plantation, as well as some of South Florida s top shopping, dining, and entertainment destinations.
GID is a privately-held, vertically-integrated real estate company that owns and operates a portfolio of multifamily and industrial assets, as well as develops mixed-use projects. The current portfolio includes over 46,000 residential units, 20 million square feet of industrial space, and 1 million square feet of retail and office space.

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MIAMI, FL – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced their acquisition of ParkLine Miami. ParkLine Miami is an iconic 816-unit, luxury apartment community in Downtown Miami developed by Florida’s oldest and largest real estate and infrastructure development company, Florida East Coast Industries.
The development is perched directly above MiamiCentral, a thriving transportation and lifestyle hub spanning six downtown city blocks. It is a unique live-work-play destination with unrivaled transportation options including connectivity to four major transit lines: Brightline, Metrorail, Metromover and Tri-Rail. With over 10 million riders projected to travel through each year, MiamiCentral is transforming Miami’s urban landscape.
“The ParkLine Miami investment represents a unique opportunity to buy a world-class asset in a desirable, high-growth location with accessibility to major employment drivers and direct elevator access to all major regional and local transportation modes,” said Richard Litton, President of HGI. “We are confident that the business environment in South Florida, and Miami specifically, will continue to thrive and the high demand for luxury residential, transit-oriented developments will continue to soar as Miami marks itself as one of the most prominent international cities.”
Completed in 2020, the ParkLine Miami development consists of two 44- and 47-tale high-rise luxury residential towers. Connecting the two towers is a two-acre sky park amenity deck set 150 feet above street level. The building’s enhanced offerings include both infinity and lap swimming pools, a quarter-mile running track, outdoor and indoor fitness centers, pet parks and a grooming spa, a business center with co-working spaces and landscaped areas for outdoor grilling and gatherings.
“Florida East Coast Industries has embraced placemaking as a core strategy,” said Sarah Watterson, the head of development for FECI. “Since the inception of Brightline, downtown Miami has seen unprecedented daytime, residential and leisure growth. This area has become a hub for people on the go who want to live and travel smarter. ParkLine Miami is the most well-positioned multifamily asset to meet and exceed the needs of this growing resident population.”
Located in the center of Downtown Miami, the towers are proximate to a variety of prominent retail and office spaces and provide unprecedented immediate access to all South Florida transit lines and international air travel in one location. Residents will be connected to a total of 75 different rail stations across South and Central Florida, providing brilliant access to employment centers, including Miami Worldcenter, Miami Health District, Brickell City Centre, Fort Lauderdale, Aventura, Boca Raton, West Palm Beach and Orlando.
In the midst of historic economic growth in South Florida, HGI now owns 1,105 units across five properties in Miami-Dade County.
Cammeby’s International Group partnered with HGI on the transaction. Cammeby’s, founded in 1967, manages a large portfolio of real estate assets, mainly located in Manhattan, Brooklyn, Staten Island, Queens and New Jersey. Cammeby’s has partnered with HGI on several transactions, including HGI’s recent acquisition of a 5,302-unit portfolio of properties in New Jersey.

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