The American property firm GID has announced a major expansion of its residential development platform into the Texas market. Directed by industry veteran Matt Miller, the initiative targets regional housing demand, rising populations and job growth. The group plans to build on its existing multi-state pipeline, utilising its integrated property management, construction and design capabilities to deliver new multifamily housing communities across high-priority regions.
A consortium led by Frasers Property has submitted the highest bid of S$2.1 billion for the Bayshore Drive mixed-use site in Singapore. Spanning over 57,000 square metres, this key parcel will form the only integrated transport, retail and residential hub in the new Bayshore precinct, linking directly to Bedok South MRT station and a new bus interchange.
Saudi Downtown Company has signed a major agreement with national firm Ansab Company. The deal covers the comprehensive design and construction of critical infrastructure works for the Downtown Al Khobar project. The contract will focus on developing roads, implementation networks and street lighting to build an integrated urban environment that supports long term economic growth in the region.
Aldar has announced Yas Point, a new six billion dirham waterfront development on the northern shore of Abu Dhabi's Yas Island. The massive mixed-use masterplan spans 600,000 square metres and will feature 1,600 residences, a five-star resort hotel and an international school. The project focuses heavily on walkability, incorporating three public parks and a 700-metre shoreline promenade alongside the first northern beach on the island.
Greystar has finalised a deal for the University Drive student housing project at Pennsylvania State University. Developed alongside JLC Infrastructure, the scheme will deliver 1,505 beds across 703 units in four podium-style buildings. This project is the second student housing asset for the Greystar infrastructure platform and marks the first public-private partnership housing venture for the university.
Greystone has successfully arranged a $38.75 million refinancing package for Skylar Lofts in Jersey City. The newly built 80-unit luxury multifamily development was created by The Manhattan Building Company. Functioning as the opening phase of a major six-part master redevelopment project, the six-story property features premium residential spaces alongside ground-floor retail units and structured parking spaces.
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