Meyers Accesso Secures $46.2 Million Construction Loan For 200-Unit Upscale Multifamily Community
Pre-leasing at the project is slated to launch in spring 2025, with construction expected to be completed shortly thereafter.
Pre-leasing at the project is slated to launch in spring 2025, with construction expected to be completed shortly thereafter.
Procacci has owned the land since at least 2013.
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The new $21.4 million affordable townhome community are set aside for income-qualifying residents who earn at or below 30, 60, and 70 percent of the area median income (AMI).
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The tenants will occupy a combined 7,400 square feet at the soon-to-be-completed mixed-use development.
Here are the most popular news headlines this past week on CRE-sources.
Groundbreaking on the project will begin in the third quarter of 2024, with a scheduled completion date at the end of 2025.
The property is slated for completion in September, with tenants able to move into the property shortly thereafter.
Apartments at the project will be reserved for income-qualifying residents aged 62 and older who earn at or below 22, 25 and 60 percent of the area median income (AMI). Monthly rents will range $374 to $1,225.
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