The Modern Builder, by Adam Stark

The Modern Builder, by Adam Stark: Daily Digest The Opaline at Artist Hill — Nashville, TN 🎨🏗️ 🔹 Project Scope Developed by Holladay Ventures with ABC of Greater Nashville, The Opaline delivers 251 units for renters at 60% AMI, plus 7,000 sq. ft. of retail and a new 4,000-sq.-ft. Lotus Learning Center. This is the first of three phases adding future rental + for-sale homes, creative workspace, trails, and neighborhood amenities. Completion expected 2028. 🔹 Artist & Community Focus Designed with studios, maker spaces, and dedicated programming for creatives. ABC will host workshops, legal clinics, and collaboration programs on site. More than 25% of Nashville artists report considering leaving the city due to affordability—the project directly addresses that gap. 🔹 Transit-Oriented Development Located along Dickerson Pike, one of Nashville’s busiest transit corridors. A new WeGo transit center will sit adjacent to the development, enhancing mobility for residents and supporting long-term TOD goals. 🔹 Financing & Team Funding includes 4% LIHTC + tax-exempt bonds (THDA) and support from Amazon, Barnes Housing Trust Fund, MDHA, Metro Nashville Office of Housing, U.S. Bancorp Impact Finance, Citi Community Capital, Stifel, and Truist. Developer: Holladay Ventures Design: David Baker Architects GC: R.C. Mathews Contractor Landscape: Hawkins Partners Inc Civil: Barge Civil Associates, LLC Funding Partners: Amazon, U.S. Bank, Stifel Bank, Truist, Arts & Business Council of Greater Nashville, Tennessee Housing Development Agency ---- #affordablehousing #mixeduse #nashvilledevelopment #cre #transitorienteddevelopment

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