Development News
New construction projects and development announcements
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MorningStar Senior Living, Investcor Development and EOS Residential Investors Break Ground on 117-Unit San Tan Valley Community
Landmark Properties and Peninsula Investments Group Deliver 700-Bed Student Housing Community Near Binghamton University
Thor Urbana, UMusic Hospitality & Lifestyle and Inmobilia Advance UMusic Hotel & Beach Club in Tulum
Continental Properties Breaks Ground on 326-Unit Springs at Bristol Apartment Community in Wisconsin
Related Digital, Blackstone Mark One Million Union Work Hours at The Barn Data Center Campus in Saline Township
Beacon Housing Completes $5.8 Million Affordable Bungalow Court Rebuild in Altadena With Support From Altadena Builds Back Foundation and Pasadena Community Foundation

Pennrose Properties Completes 61-Unit Tandem Affordable Housing Development on Former I-195 Land in Providence
Pennrose Properties has completed Tandem, the second phase of a mixed-income multifamily development on former Interstate 195 land in Providence, Rhode Island, adding 61 affordable and workforce housing units to the Fox Point neighborhood. Combined with the first phase, Tempo, the two-building Parcel 9 project now totals 127 apartments at 55 George M Cohan Boulevard.

Portman Holdings Opens 332-Unit Meadow Glen Village Multifamily Community in Fairburn, Georgia
Portman Holdings has opened Meadow Glen Village, a 332-unit mixed-use multifamily community located approximately 20 miles south of downtown Atlanta in Fairburn, Georgia. The village-inspired development spans nine residential buildings and 12,200 square feet of neighborhood-serving retail space, with leasing now underway.

Taoyuan Aerotropolis Corporation Launches NT$54.5 Billion Asia Silicon Valley Mixed-Use Development Tender
Taoyuan Aerotropolis Corporation has formally launched a public tender for the Asia Silicon Valley Innovation and R&D Center and Surrounding Land Integrated Development project, a mixed-use scheme with an estimated total development value of approximately NT$54.5 billion. The solicitation covers 5.57 hectares of industrial and residential land in Taoyuan City's Zhongli District, with proposals due by January 25, 2027.

Waterford Property Company Breaks Ground on 75-Unit Affordable Housing Community in Milpitas, California
Waterford Property Company has commenced construction on a 75-unit affordable housing development in Milpitas, California, financed through 4% Low-Income Housing Tax Credits and private activity bonds. The five-story project at 1397 California Circle is part of a larger master-planned community and is slated for delivery in early 2028.
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Bakkers|Hommen and Havensteder Strike Deal for 171 Social Rental Apartments at Rotterdam's Max Euwe Kwartier
Developer Bakkers|Hommen and housing corporation Havensteder have signed an agreement to deliver 171 social rental apartments within the Max Euwe Kwartier development in Rotterdam's Brainpark district. Construction is scheduled to begin in October 2026, with completion targeted for 2029.

VanTrust Real Estate Breaks Ground on 282,435-SF Industrial Development in Rancho Cordova
VanTrust Real Estate has broken ground on Rio Del Oro Business Park, a three-building, 282,435-square-foot Class A industrial development in Rancho Cordova, California. Colliers is handling leasing for the project, which is slated for delivery in summer 2027.

Pennrose LLC, Atlanta Housing, and Hunt Companies Open 201-Unit Mixed-Income Legacy at Herndon Square in Atlanta
A public-private partnership led by Pennrose LLC, Atlanta Housing, and Hunt Companies has completed Legacy at Herndon Square, a 201-unit mixed-income rental community at 527 Herndon Square Ave in Atlanta's Westside. The project marks the second phase of the five-phase redevelopment of the former Herndon Homes public housing site, with financing from the Urban Residential Finance Authority of the City of Atlanta, Invest Atlanta, and Truist Bank, among others.

NorthPoint Development Plans 4.7 Million-Square-Foot Airport South Industrial Park Near Sacramento Airport
NorthPoint Development has commenced design, engineering, and permitting for the Airport South Industrial Park, a 4.7-million-square-foot industrial campus in Sacramento's Natomas submarket. Colliers has been awarded the exclusive leasing assignment for four buildings totaling nearly 4 million square feet at the project.

Crescent Communities Plans 313-Unit NOVEL oneC1TY Multifamily Development in West Nashville
Crescent Communities has announced plans for NOVEL oneC1TY, a 313-unit residential community to be developed on the C1TYBLOX parcel within the oneC1TY mixed-use campus in West Nashville. The project, slated for completion in 2029, will include 5,000 square feet of ground-floor retail and a public plaza.

The Michaels Organization, Kyuden Urban Development America Break Ground on $88 Million Mixed-Use Development in Downtown Davis
The Michaels Organization, Kyuden Urban Development America, and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development broke ground Sept. 1, 2026, on The Lumberyard, an $88 million, 239-unit mixed-use multifamily development in downtown Davis, California. The five-story mid-rise rises on the former Hibbert's Lumberyard & Hardware Store site at the corner of G Street and 5th Street.

Sabey Data Centers Proposes $4.25 Billion Data Center Campus in Indianapolis' Decatur Township
Sabey Data Centers has proposed a $4.25 billion, approximately one-million-square-foot data center campus in Decatur Township on Indianapolis' southwest side. The project includes commitments for $5 million in road improvements and $25 million for a new aquatic center, alongside projections of high-wage jobs and substantial long-term tax contributions to local schools and the Marion County Library.

MCB Real Estate Secures $420 Million TIF Authorization to Launch $2.7 Billion VIVA White Oak Development in Silver Spring
Montgomery County Executive Marc Elrich signed legislation on August 28, 2026, authorizing up to $420 million in Tax Increment Financing bonds for MCB Real Estate's VIVA White Oak development in Silver Spring, Maryland. The 280-acre, $2.7 billion mixed-use project will span up to 12.1 million square feet and marks the county's first-ever TIF district.

MassDevelopment Sells 77 Grant Road, Provides $4M Loan to Elite Home Builders LLC Affiliate for 46-Unit Devens Multifamily Project
MassDevelopment has sold a parcel at 77 Grant Road in Devens, Mass., and provided a $4 million construction loan to 77 Grant Rd LLC, an affiliate of Elite Home Builders LLC, to develop a 46-unit mixed-income apartment building. The project, named Emerson Green Residences, will advance the next phase of the larger Emerson Green master-planned neighborhood.