ROCHELLE, IL – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand opening ceremony for Willis Senior Lofts, a 60-unit, four-tale affordable housing community for adults aged 55 and over.
“We are proud to officially open Willis Senior Lofts and make these high-quality, affordable homes available to seniors in Rochelle,” said Hume An, LAC Vice President and Regional Project Partner. “Investing in rural communities like Ogle County is a key pillar of LAC’s mission to tackle the housing crisis by finding and implementing solutions in communities that need it most.”
In addition to An, speakers at the ribbon-cutting included funding partners, community leaders and elected officials such as Congressman Darin LaHood, Rochelle Mayor John Bearrows and Thom Amdur, Executive Director of Fairview Housing Partners, an affordable housing nonprofit that partnered with LAC to help finance the development.
“Seniors in Rochelle deserve a gorgeous community like Willis Senior Lofts,” said Amdur. “We’re so proud that we were able to partner to make this happen and hope to continue to serve our seniors for many years to come.”
Willis Senior Lofts features a mix of one- and two-bedroom apartments and communal amenities including a fitness center, theater room and community garden. 45 of the building’s 60 units will be leased to residents earning up to 60% of the area median income (AMI), with the remaining 15 units reserved for those earning up to 30% AMI. The building was designed to achieve Enterprise Green and Net-Zero certifications.
The project was financed with a 9 percent Low Income Housing Tax Credit (LIHTC), a first mortgage and $4.9 million in soft funds from the Illinois Housing Development Authority (IHDA) and 45L energy efficiency credit equity. CREA bought both the LIHTC and 45L credits, and a construction loan was provided by Chase.
“These deeply-affordable homes are made possible through a partnership with the Ogle County Housing Authority, which committed 15 budget-based vouchers over 15 years. It’s about how we can serve those most in need without compromising the project’s financial viability,” An added.

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JERSEY CITY, NJ – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, in partnership with G&S Investors and Rockwood Capital, announced the completion and official opening of Oliver on the Hudson, a luxury multifamily community in the sought-after Port Liberté neighborhood of Jersey City. Just steps from the Hudson River and a 15-minute ferry ride away from Manhattan, the 401-unit development delivers scenic waterfront views complemented by a full suite of resort-style amenities.
Strategically located at 190 Chapel Avenue, Oliver on the Hudson delivers direct access to downtown Jersey City, New York City s financial district and vibrant green spaces including Liberty State Park. Residents can access a seamless commute to Manhattan via the Port Liberté Ferry Terminal, just a four-minute walk from the property. Two Hudson-Bergen Light Rail stations and immediate access to Interstate 78 further enhance connectivity. The community spans 2.7 acres alongside the prestigious Liberty National Golf Course and includes bike-friendly paths and landscaped green spaces that connect to the Hudson River Waterfront Walkway.
It is no secret that Jersey City has arrived as the premier regional destination for renters seeking luxury, connectivity and lifestyle. We are proud to be a part of Jersey City s tale by delivering this vibrant waterfront community near public transit to working professionals and families in Port Liberté, said Jonathan Gertman, Senior Vice President of Development at The NRP Group. Oliver on the Hudson delivers thoughtfully curated amenities and seamless access to the waterfront and Manhattan. Oliver reflects the future of urban living in one of the region s most dynamic markets.
Residences at Oliver on the Hudson range from studio to three-bedroom layouts, with many featuring private balconies and sweeping skyline views. Interior finishes include fully equipped kitchens with stainless steel GE Appliances, sleek graphite fixtures, polished quartz countertops, porcelain tile backsplashes and modern flat-panel cabinetry. All units include full-size front-load washers and dryers and oversized, backlit mirrors. Select homes with larger floorplans feature cathedral ceilings, spacious breakfast bars or islands, wine and beverage centers and walk-in closets.
Oliver on the Hudson presented an opportunity to meaningfully contribute to one of the region s most dynamic residential corridors, said Abe Naparstek, Partner at G&S Investors. We leveraged our expertise to integrate top-tier design and an exceptional resident experience into a vibrant transit-oriented community. From site selection through lease-up, this community reflects both the character of Port Liberté and the expectations of today s renters.
A robust set of resort-inspired amenities are designed for daily retreat and effortless entertaining. At the heart of the community are two expansive interior courtyards, one of which features a hotel-inspired pool with a cabana house. Both offer lush green space, numerous lounge areas and walking paths that encourage relaxation and connection. A fifth-floor sky lounge with an outdoor terrace provides unobstructed views of the Manhattan skyline.
A clubhouse anchors the indoor amenity experience with a multi-level fitness center, mezzanine yoga and cardio studios, interactive activity zone, catering kitchen with a private dining room, coworking spaces and a 24/7 package concierge system. The development also includes a 602-space secure parking garage, 201 bicycle parking spots, a commuter lounge and secure bike storage. Pet owners benefit from an on-site pet spa and spacious dog park.
KTGY Architecture and Plotting served as the lead architect for the five-tale building, with Bergmeyer overseeing interior design. Financing for the project includes senior construction loans from Citizens and Fifth Third Bank, with Rockwood Capital providing joint venture equity.

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WINSTON-SALEM, NC – Carter and Front Street Capital announced the groundbreaking of Creekside at The Grounds — a new purpose-built student apartment community and the first vertical development within the highly anticipated mixed-use district known as The Grounds.
Centrally located within the 100-acre development overlooking the newly restored Silas Creek, Creekside at The Grounds marks a significant milestone in the transformation of Winston-Salem’s sports and entertainment district, directly adjacent to Wake Forest University. The project represents the first new vertical construction in a dynamic master plot that will blend public amenities, residential, retail, office, and hospitality to make a walkable, year-round community. Since its announcement last year, The Grounds has continued to grow in scale and vision; Creekside now symbolizes the first major step in turning that vision into reality.
Creekside will feature a 229-unit, 521-bed fully furnished residential community tailored for upperclassmen and graduate students. The project will offer: Fully furnished units with each bedroom having a private bathroom; Multiple floor plot options all with high-end, modern finishes; Clubhouse with study rooms and fitness center; Outdoor swimming pool, kitchen, and entertainment area; Direct frontage of the newly remediated Silas Creek and newly constructed multi-use path connecting to The Grounds retail village and Wake Forest University.
“This is the first of several transformative projects that will define the future of The Grounds,” said Adam Parker, Senior Vice President at Carter. “With Creekside, we’re delivering an unprecedented residential experience in Winston-Salem, designed to meet student needs while anchoring this sports and entertainment mixed-use community.”
With demand for high-quality, off-campus student housing continuing to grow, Creekside fills a distinct need in the market, providing a lifestyle-focused student apartment option adjacent to Wake Forest s campus and Winston-Salem s premier event venues, all within the vibrant, dynamic new setting of The Grounds. Creekside also directly connects to the larger trail system and infrastructure improvements currently underway at The Grounds, promoting a walkable, pedestrian-friendly environment that enhances connectivity and supports community living.
“Creekside is unlike anything else in our market. It represents a bold first step for the residential vision of The Grounds, offering students walkable access to everything from football games and concerts to trails and retail to campus and class,” added Coleman Team, President and Managing Partner of Front Street Capital. “We re proud to launch this next step of development with a project that directly supports and connects Wake Forest students and the broader Winston-Salem community.”
Construction of Creekside is underway, with initial sitework and grading beginning this week for a Fall 2027 delivery. The project was designed by The Preston Partnership and is being built by Brasfield & Gorrie. Stimmel Associates is the engineer of record. Carter and Front Street Capital s financial partners on Creekside are Kayne Anderson Real Estate, a national leader in alternative investments, and Truist Financial Corporation, a top-ten commercial bank, which underscores the project’s strong market fundamentals and long-term growth potential. Creekside anchors a Phase One vision now exceeding $215 million in plotted investment. Additional projects within Phase One of The Grounds, including an office building and retail village, are in design and scheduled to break ground in early 2026.

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