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| Shanna Noelle Khan |
FORT WORTH, TX — CRG, the national real estate development and
investment firm, has completed the sale of Broadway Chapter,
a five-story, 320,646-square-foot, newly-constructed rental community with 242
apartments at 401 Hemphill St. in Fort Worth’s Near Southside district.
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| Joey Tumminello |
American Landmark Apartments, a Tampa, Fla.-based real estate investment group
focused on multifamily, office and industrial assets, purchased the property on
June 6. Joey Tumminello, senior vice president of Institutional Property
Advisors in Texas brokered the sale.
Completed in July 2021, Broadway Chapter is the
first multifamily development delivered as part of CRG’s $1
billion residential investment strategy, which it announced in November
2020.
The firm aims to develop high-quality multifamily housing for
middle-income earners in first- and second-ring suburbs in select urban markets
throughout the Sun Belt.
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| Broadway Chapter, a five-story, 320,646-square-foot, newly-constructed rental community with 242 apartments at 401 Hemphill Street in Fort Worth’s Near Southside district |
Design specialist and executive Shanna Noelle
Khan worked with architect Lamar Johnson
Collaborative (LJC), to create a mix of studio, one- and two-bedroom
apartments, including 15 one-bedroom lofts boasting 20-foot ceilings.
Resident amenities include secure bike storage and a five-story,
93,000-square-foot parking garage that features a 5,000-square-foot mural
created by North Texas artist Eric ‘Drigo’ Rodriguez.
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| Eric ‘Drigo’ Rodriguez |
“American Landmark Apartments is a
leading investor in the multifamily sector and its acquisition of Broadway
Chapter is a testament to the soundness of our national residential strategy to
deliver high-quality housing to middle-income earners in the top-tier
neighborhoods of rapidly growing Sun Belt cities,” said J.J. Smith, CRG
managing partner, residential.
“CRG’s vertically integrated planning-design model
allowed us to nimbly and efficiently deliver a superior residential development
that stabilized in under a year, resulting in a solid return for our
investors.”
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| J.J. Smith |
Broadway Chapter is ideally positioned in Fort
Worth’s Near Southside district, a mixed-use, walkable urban neighborhood
located less than one mile from the city’s downtown that serves as a hub for
more than 70 creative design firms, along with the city’s medical district
where the area’s largest hospitals are located.
Construction was completed by
Dallas-based Cadence McShane Construction, a full-service builder specializing
in the education, multifamily, senior living, commercial, and industrial market
sectors.
About Shanna Khan:
Shanna Noelle Khan is the newly elected President of the
Urbana Golf & Country Club, which operates an 18-hole Tom Bendow-designed
private golf course and related hospitality facilities in Champaign-Urbana,
Illinois.
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Urbana Golf & Country Club |
Combining her real estate design proficiency with business acumen, Ms
Khan advised on and implemented the Club’s recent world-class resort, spa and
country club renovations.
From formation until its January 2022 business
combination with Sky Harbor, LLC, Ms Khan was an independent director of
Yellowstone Acquisition Company (Nasdaq:YSAC).
Shanna holds a Bachelor of
Science in Accountancy degree from the University of Illinois at
Urbana-Champaign.
She is a director of the Jacksonville Jaguars Foundation, a
charity providing strategic financial, networking, and volunteer support
benefitting economically and socially disadvantaged youth and families in
Jacksonville Florida;
Also: a director of the Khan Foundation, Inc., a charitable
purpose foundation; and serves on the Development Board at PAWS Chicago, a
non-profit animal shelter organization based in Chicago, Illinois.
Ms Khan
oversees the largest equity stakes in (i) the Jacksonville Jaguars, a
professional football club which operates an NFL team in Jacksonville, Florida;
(ii) Union Jax, a sports promotion business which operates in London, England;
(iii) Bold Events, which operates Daily’s Place Amphitheater, Jacksonville,
Florida’s premier outdoor entertainment venue;
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| Daily’s Place Amphitheater, Jacksonville, FL |
She also has investment interests in (iv)Four Seasons Hotel Toronto,
a 259-suite five star luxury Four Seasons hotel in Toronto, Ontario; (v) Fulham
Football Club, an English Premier League soccer club in London, England; (vi)
Flightstar, an aviation management service located at Willard Airport in Savoy,
Illinois; and (vii) Urbana Golf & Country Club.
Ms Khan is also a key
investor in a 262-room Virgin Group branded hotel in Nashville, Tennessee and
numerous other domestic and international businesses, including global
automotive component manufacturer Flex|N|Gate Group.
CONTACTS:
Amanda
Cienkus
acienkus@taylorjohnson.com
(312)
267-4524
Gretchen
Muller
gmuller@taylorjohnson.com
(312) 267-4511
realcrg.com.
www.cadencemcshane.com.
www.theljc.com.
