REBusinessOnline

JPI Breaks Ground on 409-Unit Apartment Community in Metro Dallas

FARMERS BRANCH, TEXAS — JPI has broken ground on Jefferson Alpha West, a 409-unit apartment community in Farmers Branch. The four-story property will be located within the Alpha + Inwood mixed-use development, which will include a 155-room ALOFT hotel, 296,000 square feet of office space and 22,000 square feet of retail space. Residential amenities will include a pool, rooftop lounge, clubhouse and a dog park. Occupancy at Jefferson Alpha West is scheduled for the end of 2019 and completion …

E.E. Reed Completes 712,740 SF Industrial Project in Metro Houston

BAYTOWN, TEXAS — Houston-based E.E. Reed Construction LP has completed a 712,740-square-foot warehouse/distribution center situated on 170 acres in the eastern Houston suburb of Baytown. Built on behalf of Ravago Americas, a supplier of rubber and plastic, the property features a tilt-wall configuration, 30,000 square feet of office space, a 200-car railyard and a truck maintenance facility. Houston-based Powers Brown Architecture designed the

Telecommunications Consulting Firm to Invest $52M to Build Data Center in Virginia Beach

VIRGINIA BEACH, VA. — Vint Hill, Va.-based Assured Communications Advisors International (ACA International) will invest $52 million to build a 130,000-square-foot data center in Virginia Beach. The telecommunications consulting firm will build the new facility on a 10.2-acre site within Corporate Landing Business Park, a 325-acre, publicly developed business park owned by the Virginia Beach Economic Development Authority. The new facility will house ACA International’s new corporate …

Ziff Properties to Convert Building Near Knoxville into 65,000 SF Self-Storage Facility

FARRAGUT, TENN. — Ziff Properties Inc. has acquired the former U.S. Golf & Tennis Center in Farragut with plans to convert the building into a 65,000-square-foot self-storage facility. The building is located on six acres, roughly 17 miles west of Knoxville. ExtraSpace Storage will manage the facility, which will include climate- and non-climate-controlled units. A construction timeline was not

CIM Group, 1547 Break Ground for 187,000 SF Data Center in San Francisco

SAN FRANCISCO - CIM Group, in partnership with fifteenfortyseven Critical Systems Realty (1547), has commenced construction for its 240,000-square-foot data center campus on 7.3 acres at 400 Paul Ave. in San Francisco. The first phase of development will include the renovation of two existing 1930s-era buildings. Totaling 54,225 square feet, the buildings will be modernized to provide creative office and support space for data center tenants. Additionally, construction will start immediately …

CBRE Arranges $59M Construction Financing for Seniors Housing High-Rise in Houston

HOUSTON — CBRE has arranged $59 million in construction financing for The Village of Southampton, a 17-story seniors housing community in Houston. A joint venture between Bridgewood Property Co. and Harrison Street Real Estate Capital is developing the building. The community will feature 204 independent living, assisted living and memory care units within the high-end Rice Village mixed-use development. Rice Village includes more than 300 shops and restaurants within a 16-block area. Located …

VillaSport to Open 121,000 SF Athletic Facility in Metro Houston

KATY, TEXAS — VillaSport Athletic Club & Spa, an operator of upscale fitness clubs, will open a 121,000-square-foot athletic facility within Stableside at Falcon Landing, a 270,000-square-foot retail development in Katy. The facility will feature NBA-size basketball courts, yoga and Pilates studios, indoor and outdoor pools and a 12,000-square-foot kids club. Development of the center, which marks Phase II of Stableside at Falcon Landing, is expected to be complete by late summer 2019. Austin …

Nordblom to Redevelop 695,000 SF Former Boston Globe Building as Tech Hub

BOSTON — Boston-area developer Nordblom Co. has received approval from the Boston Planning and Development Agency for an urban innovation campus at the former Boston Globe buildingin Dorchester. The 695,000-square-foot vacant property will undergo a total renovation with an eye on attracting office tenants working in sectors that are moving the Boston economy forward, including technology, life sciences and advanced manufacturing. The development will be renamed “The BEAT” — The Boston …

Jefferson, Camden Property Trust to Develop $100M Multifamily Community in Downtown Orlando

ORLANDO, FLA. — McLean, Va.-based Jefferson Apartment Group, in partnership with Houston-based Camden Property Trust, has unveiled plans to co-develop 520 East, a $100 million multifamily community in downtown Orlando. The 364-unit tower will be situated at the southwest corner of East Church Street and South Eola Drive, a sister property to Jefferson’s 299-unit 420 East community that was completed last year. 520 East will include 7,000 square feet of ground floor retail, 12 …

Foram Group Receives Zoning Approval for $40M Mixed-Use Project in Savannah

SAVANNAH, GA. — Savannah-based Foram Group has received approval from the Savannah City Council for zoning amendments needed to move forward with Starland Village, a planned $40 million mixed-use development in Savannah. Located on a two-block stretch along the historic Bull Street in the city’s Starland District, the development will be home to artist studios, an event venue, retail and restaurant space, a rooftop park, coworking space and 90 residential units. Other team members for the …