Grace Apartments Secures Bridge Loan for Midtown Lease-Up

Grace Apartments, a 383-unit, 16-story mixed-use tower at 1815 Church Street in Midtown, delivered in August 2025. The 175-foot building was developed by 19th Church Street LLC, a joint venture of Ascend Real Estate Group and Wanxiang America Real Estate Group. Smith Gee Studio designed the project; Yates Construction was general contractor.

The tower includes a controlled-access parking garage and approximately 6,000 square feet of ground-floor retail. JLL arranged the $133.6 million construction loan through Square Mile Capital Management. In September 2026, Broadshore Capital Partners closed a floating-rate senior bridge loan to support lease-up and stabilization; Berkadia brokered the deal.

Amenities include a resort-style pool with sundeck and cabanas, a sky lounge with outdoor terrace, a fitness center with yoga and Pilates studio, a private dog run, a coffee bar, a chef's kitchen, a music and podcast studio, an outdoor bar, a courtyard with grilling stations and firepits, and private work rooms.