The Modern Builder, by Adam Stark

The Modern Builder, by Adam Stark: Daily Digest 155 Third Street — Brooklyn, NY 🏙️🚧 🔹 Project Scope The 22-story development will deliver 300 units — 225 market-rate and 75 affordable — plus 30K sq. ft. of retail, artist, and commercial space. The project is vested under the 421-a Affordable NY program and spans 250K+ sq. ft. Completion is slated for Q4 2027. 🔹 Amenities Residents will access a pool + terrace, sky lounge, fitness + yoga studios, coworking areas, a cocktail lounge with fireplace, screening + party rooms, and multiple outdoor spaces overlooking the harbor and Downtown Brooklyn. 🔹 Location & Connectivity Sited at the crossroads of Gowanus, Carroll Gardens, Park Slope, and Downtown Brooklyn, the project anchors new waterfront activation. Retail frontage will connect directly to the 7-acre Gowanus Greenway Esplanade, part of the Brooklyn Waterfront Greenway linking parks + neighborhoods. Steps from a top-performing Whole Foods. 🔹 Project Teams Developer: Monadnock Development Capital Markets: JLL Lenders: PCCP + U.S. Bank Design: Dattner Architects, Bernheimer Architecture ⸻ #construction #multifamily #development #brooklyn #CRE

The Modern Builder, by Adam Stark: Daily Digest The Ridge Phase II — Rochester, NH 🏗️🌲 🔹Project Scope Waterstone Properties advances The Ridge Phase II, a 400K sq. ft. mixed-use expansion adding 93K sq. ft. of commercial space, 200+ residential units, medical facilities, and improved site connectivity via the Marketplace Blvd South extension. 🔹 Amenities Plans include a 35K sq. ft. movie theater + arcade, 13K sq. ft. fitness center, a 6K sq. ft. event lawn, trail access, restaurants, retail, and a dedicated clubhouse. Designed as an open-air campus supporting year-round community engagement. 🔹 Location & Details Set along Route 11 / Farmington Road, adjacent to the existing Ridge Marketplace (Phase I). The district draws a trade area of 450K residents and remains NH’s top-performing shopping center. 🔹 Project Teams Developer: Waterstone Properties Group Design & Engineering: Cooper Carry GC: Promethean Builders (Phase II site work underway) Leasing / Advisory: FORTUNE DEVELOPMENT LIMITED, SRS Real Estate Partners Legal Counsel: Hinckley Allen ---- #mixeduse #construction #commercialdevelopment #multifamily #realestatedevelopment

The Modern Builder, by Adam Stark: Daily Digest The District in Davie — Davie, FL 🌴🏗️ 🔹 Project Scope El-Ad National Properties closed an $85M construction loan with Valley National Bank for The District in Davie, a $1B mixed-use community spanning 2.8M sq. ft. The three-phase plan delivers 1,292 units, 36K sq. ft. of retail + dining, and 2,650 parking spaces across five towers (21–24 stories). 🔹 Residences & Amenities Studios to 3BRs from 589–1,460 sq. ft. Smart-home features, keyless entry, high-speed connectivity, and private terraces. Amenities include rooftop pools, coworking, kids’ suites, game lounges, pet parks, spa rooms, outdoor kitchens, and a signature Sky Lounge with indoor/outdoor views. 🔹 Timeline & Location Phase 1 is underway with delivery in Dec 2026. The site sits at 4801–4999 S. State Road 7, central to Broward County and near major connectors: I-595, Turnpike, I-75, FLL Airport, Port Everglades, and the South Florida Education Center. 🔹 Project Teams Developer: Elad Group Architect: Cooper Carry General Contractor: Promethean Builders Lender: Valley Bank ---- #southfloridadevelopment #mixeduse #multifamily #constructionnews #floridarealestate

The Modern Builder, by Adam Stark: Daily Digest VOCE Hotel & Residences — Nashville, TN 🌆🏗️ 🔹 Project Scope Vastland Co. locked in $130M from Peachtree Group for VOCE, a 25-story tower delivering 192 private residences, 114 luxury hotel keys, 60K sq. ft. of office, and 40K+ sq. ft. of amenities in Midtown. 🔹 Amenities & Program Features include a rooftop dining venue, spa + wellness center, fitness club, pool deck, and a private speakeasy. Condo owners may join a professionally managed 4-star hotel program, generating optional income. 🔹 Location & Delivery Located at 1717 Hayes St., steps from Vanderbilt and Midtown’s growing hospitality corridor. Pre-sales have exceeded 50%, with project sellout estimated at $360M. Completion expected Fall 2027. 🔹 Project Teams Developer: Vastland Companies GC: BL Harbert International LLC Architecture: The Preston Partnership Interiors: ID & Design International; RH Design Custom Homes Engineering / Landscape: Civil Site Design Group, PLLC; HDLA Capital Markets: BayBridge Real Estate Capital Lender: Peachtree Group ---- #nashvilledevelopment #mixeduse #constructionnews #multifamily #hospitalitydevelopment

The Modern Builder, by Adam Stark: Daily Digest 180 Baldwin Avenue — Jersey City, NJ 🏙️🏗️ 🔹 Project Scope DVORA/Shuster’s plan for the former C.F. Mueller Pasta Company site advances with preliminary approval for six 27-story towers totaling 2,088 units plus 114,000 sq. ft. of office space. 🔹 Amenities & Activation A major pedestrian plaza anchors the site with green space, play areas, retail kiosks, and a suspended platform due to the sloped grade. Each tower includes rooftop decks, greenroofs, and shared wellness amenities. 🔹 Location & Details The 6-acre site sits within the Journal Square 2060 Redevelopment Plan and Palisade Preservation Overlay. Residential mix includes studios to 3-bedrooms with 658 parking spaces and 1,216 bike spaces. No affordable units included. 🔹 Project Teams Developer: DVORA Life / Shuster Property Management Design & Engineering: MHS Architecture; Dresdner Robin Property Mgmt: DVORA ---- #jerseycitydevelopment #multifamilyconstruction #urbandevelopment #journalSquare #realestate

The Modern Builder, by Adam Stark: Daily Digest Bay Harbor Towers — Bay Harbor Islands, FL 🌴🏗️ 🔹 Project Milestone PPG Development has officially topped off Bay Harbor Towers, an 8-story, 44-residence condo designed by Kobi Karpwith interiors by Interiors by Steven G. The project remains on schedule for Q3 2026 completion. 🔹 Design & Residences Homes range 1,857–4,902 sq. ft., all with direct water views, flow-through layouts, floor-to-ceiling glass, private elevator access, dolomite countertops, oak cabinetry, and oversized terraces built for indoor–outdoor living. 🔹 Sales Momentum The project is 75% sold, including a newly signed penthouse. Only nine units remain (from $2.6M) and two penthouses(from $10M). It now leads Bay Harbor Islands in overall condo sales volume. 🔹 Amenities Rooftop infinity pool + sunset Jacuzzi, Private marina Indoor heated saltwater pool, Wellness suite with hot/cold plunges, sauna & steam, Paragon® fitness center Lounge, summer kitchens, cabanas, and resident garden spaces 🔹 Project Team Developer: PPG Development LLC Capital Partner: L3C Capital Partners LLC Sales: Fortune Development Sales GC: CIVIC CONSTRUCTION COMPANIES Architecture: Kobi Karp Architecture & Interior Design Interiors: Interiors by INTERIORS BY STEVEN G., INC. Landscape: CLAD Landscape Architecture and Design

The Modern Builder, by Adam Stark: Daily Digest Horizon House — Seattle, WA 🌇 🔹 Project Scope Horizon House secured $600M in tax-exempt bond financing to build its new 33-story West Tower on the First Hill senior living campus. The expansion replaces the 1980s West Wing and adds 202 independent living units to the community. 🔹 Amenities Units will range 861–2,206 SF across 1- and 2-bedroom layouts. Planned amenities include underground parking, resident gardens, a garden lounge, multipurpose event spaces, and rooftop dining + lounge on the 33rd floor. 🔹 Financing Details The Series 2025AB bonds include short-term Series B bonds repaid at ~80% occupancy and long-term Series A bonds amortizing through 2061. Proceeds will fund the tower, campus reinvestments, loan refinancing, and capitalized interest. 🔹 Project Teams Developer / Owner: Horizon House (CCRC) Investment Bank: Ziegler Architect: Mithun GC: Andersen Construction Issuer: Washington State Housing Finance Commission ---- #seniorliving #multifamily #seattledevelopment #financing #constructionnews

The Modern Builder, by Adam Stark | November 2025 Big month across development, construction, and capital markets 🏗️🔥 Here’s what’s inside this issue: 🏙️ Lincoln Yards shake-up — JDL + Kayne Anderson step in to revive Chicago’s stalled $6B megaproject at a fraction of its original land cost. 📦 Brookfield recap — $1.1B refinancing strengthens one of the largest U.S. logistics portfolios. 🏗️ 2026 construction costs — JLL forecasts minimal spending growth and rising materials (+5–25%) as tariffs and supply-chain shifts reshape project economics. 🏢 BlackRock real estate outlook — U.S. valuations bottoming, with industrial, multifamily, and data centers leading 2026 opportunities. Full November issue is live! 🏗️ Sponsored by Jet.Build — modern software for development & construction teams. ---- #construction #cre #realestatedevelopment #buildings #infrastructure #development

The Modern Builder, by Adam Stark: Daily Digest Homestead Gateway — Jersey City, NJ 🏙️ 🔹 Project Scope Lions Group secured $200M to develop Homestead Gateway, a 34-story, 360-unit mixed-income tower in Jersey City’s Journal Square. The project is transforming a former municipal parking lot into new housing with 90 affordable units and 270 market-rate apartments. 🔹 Amenities Residents will have access to a rooftop lounge, fitness center, workspaces, bike storage, and 3,000 SF of retail. The building uses 100% union labor under a PLA with Hudson County Building Trades. 🔹 Location & Details The site at 701 Newark Ave. sits three blocks from Journal Square, offering direct transit into NYC. Journal Square remains one of the strongest Northeast submarkets, supported by low vacancy, rising rents, and sustained development activity. 🔹 Project Teams Developer: Lions Group Lender / Equity: Goldman Sachs (construction + bridge + LIHTC equity + Aspire tax credits) Agency: Freddie Mac Capital Markets: JLL Capital Markets Architect: C3D Architecture PLLC ---- #jerseycity #multifamily #mixeduse #affordablehousing #realestatedevelopment