Civic

Greystar Delivers $282M Student Housing Development at UC Law in Downtown San Francisco

by John Nelson February 13, 2024

SAN FRANCISCO — Real estate development firm Greystar has delivered Academe at 198, a $282 million student housing property in downtown San Francisco. Located at 198 McAllister St. in the city’s Civic Center district, the mixed-use property is Phase I of the Academic Village expansion at UC Law San Francisco, formerly known as UC Hastings College of the Law. Academe at 198 spans 14 stories and features 656 units (667 beds) for students at UC Law SF, as well as faculty and staff. The property website also says students from nearby University of California San Francisco, San Francisco State University, University of San Francisco and University of the Pacific Dugoni School of Dentistry can apply for housing. The units come in a variety of layouts: efficiency (232 square feet); studio (275 square feet); one-bedroom (397 square feet); and two-bedroom (568 square feet). Monthly rental rates begin at $1,850 for an efficiency apartment, which is below market rates, according to the property website. In addition to housing, the 365,000-square-foot property includes 43,000 square feet of office and academic space that is leased and operated by UC Law, including an incubator space for start-up tech firms that doubles as event space called LexLab. …

February 13, 2024

Civic Development Texas

City of Round Rock to Renovate 35,000 SF Former Downtown Library Building

by Taylor Williams February 12, 2024

ROUND ROCK, TEXAS — The City of Round Rock, located north of Austin, will renovate the 35,000-square-foot former library building in the downtown area. The project team will relocate office zones toward the east side of the building to utilize existing windows and create a more public face for tenants. The project also includes a redesign of the public paseo that connects to the building. McKinney York Architects is designing the project, and Braun & Butler Construction is serving as the general contractor. Construction is scheduled to begin in May.

February 12, 2024

California Civic Development Retail Western

Burnham Ward Properties Starts Construction of Dana Point Harbor Revitalization in California

by Amy Works February 12, 2024

DANA POINT, CALIF. — Burnham Ward Properties, a partner in Dana Point Harbor Partners (DPHP), has started construction of the landside portion of the commercial core revitalization at Dana Point Harbor in Dana Point, a coastal city in Orange County. The five-phase, 120,000-square-foot landside portion will include a three-level parking structure, underground utility infrastructure upgrades, landscaping and site work updates, an added pedestrian pathway and new extension of the road leading into the Harbor, Golden Lantern. The 984-stall parking structure will include 93 boater-dedicated spaces and boater-service amenities, including restrooms, showers, changing rooms, a corral of service carts to aid boaters carrying supplies to boats, and a valet drop point for boaters. Additionally, the new structure will feature electric vehicle charging stations, an increase in parking spaces and convenience for sportfishing, whale watching and Catalina Express customers departing from Dana Wharf. Phases I and II are slated for completion in 12 months. Following the completion of the first two phases, construction will begin on Phase III of the commercial core, which includes development along the waterfront. Phase III is scheduled to begin in March 2025. The final phases will include redevelopment of the buildings within The Wharf. Main features of the …

February 12, 2024

Acquisitions Civic Hawaii Western

Avalon Group Acquires 130,597 SF Former School Campus in Honolulu

by Amy Works February 6, 2024

HONOLULU — A subsidiary of Avalon Group, a real estate investment company, has purchased an 11.1-acre land parcel at 2707 and 2715 Pamoa Road in Honolulu for $23.3 million. Adjacent to the University of Hawaii at Manoa and three private schools, the site served as the Saint Francis School campus until 2019. The existing infrastructure totals more than 130,597 square feet, including classrooms, a meeting facility, dormitory, commercial kitchen, gymnasium, sports field and a large parking area. Norb Buelsing, Laurie Lustig-Bower, Peter Grossman, Scott Crockfield and Kadie Presley Wilson of CBRE represented the seller, Sisters of St. Francis of the Neumann Communities, in the transaction.

February 6, 2024

Arizona Civic Development Western

Willmeng Breaks Ground on Sun Valley Academy’s New Campus in Glendale, Arizona

by Amy Works February 1, 2024

GLENDALE, ARIZ. — Willmeng Construction has broken ground on the newest Morrison Education Group campus, Sun Valley Academy – Glendale. Located at the corner of N. 83rd Ave. and W. Bethany Home Road in Glendale, the K-8 education facility will be a Title 1 tuition-free public charter school and the third campus opened by Morrison Education Group. Carhuff + Cueva Architects designed the 59,000-square-foot facility, which will feature classrooms, a multi-purpose room, an outdoor playground and a sports field. The school is slated to welcome its first students this fall.

February 1, 2024

Annie-Richardson-Bass-Lower-School-Fort-Worth

Civic Development Texas

Linbeck Breaks Ground on $25M Lower School for Fort Worth Country Day

by Taylor Williams January 25, 2024

FORT WORTH, TEXAS — Locally based general contractor Linbeck has broken ground on the $25 million Annie Richardson Bass Lower School at the 104-acre campus of private school Fort Worth Country Day. When complete in spring 2025, the building will be home to about 350 students in grades first through fourth. Academic facilities will include a 2,130-square-foot library, two science labs, breakout study rooms and administrative offices for support counselors and healthcare personnel, as well as a playground with a sports court. San Antonio-based Lake|Flato Architects designed the project, and Dallas-based Hocker Design provided landscape architecture services.

January 25, 2024

Acquisitions Civic Lee & Associates New York Northeast Retail

Lee & Associates Negotiates $18.2M Sale of Historic Building in Manhattan

by Taylor Williams January 24, 2024

NEW YORK CITY — Lee & Associates has negotiated the $18.2 million sale of the Clock Tower Building, a 20,000-square-foot historic bank hall located at 46 Lafayette St. in Manhattan’s Tribeca neighborhood. Peter Braus, Brad Schwarz and Cory Gahr of Lee & Associates represented the seller, locally based investment firm Elad Group, in the transaction. Anne-Brigitte Sirois from ART STATE LLC represented the buyer, Jack Shainman Gallery, which plans to new art exhibition venue at the property.

January 24, 2024

Civic Leasing Activity New York Northeast

Feil Organization Negotiates 142,308 SF Office Lease with Archdiocese of New York in Manhattan

by Taylor Williams January 19, 2024

NEW YORK CITY — The Feil Organization has negotiated a 30-year, 142,308-square-foot office lease with the Archdiocese of New York at 488 Madison Avenue in Midtown Manhattan. The space spans the entire third through seventh floors of the 447,000-square-foot building, which was originally constructed in 1949 and overlooks St. Patrick’s Cathedral. Andrew Weiner internally represented The Feil Organization in the lease negotiations. Mary Ann Tighe and Lauren Crowley Corrinet of CBRE represented the archdiocese. The building is now 90 percent leased.

January 19, 2024

Civic Development Northeast Rhode Island

Skanska Breaks Ground on $147M Project for U.S. Navy in Newport, Rhode Island

by Taylor Williams January 5, 2024

NEWPORT, R.I. — International developer and construction firm Skanska has broken ground on a $147 million project for the U.S. Navy in Newport, Rhode Island. The facility will serve as the new operations center for the National Oceanic & Atmospheric Administration. The project will include the construction of a new pier to accommodate four large vessels and associated utilities, as well as a supporting 22,129-square-foot administration building with parking, exterior storage and an adjacent loading and laydown area. Construction began in December and is expected to be complete by 2027.

January 5, 2024

Acquisitions California Civic Multifamily Western

Urban Catalyst Sells Apartment Project Site in San Jose for $23.4M

by Amy Works December 19, 2023

SAN JOSE, CALIF. — Urban Catalyst, in partnership with a trust affiliated with the late local architect Thang Do, has completed the disposition of an approved multifamily development site in San Jose. The Santa Clara Valley Transportation Authority (VTA) acquired the asset for $23.4 million. The deal enables the buyer and a group of local government and transit agencies to redevelop the Diridon Station area. The transaction includes 1.2 acres spanning two adjacent parcels at 32 and 60 Stockton Ave., situated between a Whole Foods Market and SAP Center. Urban Catalyst acquired the site in two separate transactions for $15.1 million in 2021 and last year. Working with Do and his firm, Aedis Architects, Urban Catalyst received entitlements for a 20-story, 472-unit development project called Apollo. The project involved demolishing existing structures on the Stockton Avenue and replacing them with apartments ranging from studios to three-bedroom units. The planned development was unilaterally approved last year by the city. After Apollo received planning approval in November 2022, it was discovered that the site is within an area anticipated for future rail infrastructure, as a designated property among the right-of-way parcels needed for the first phase of California’s bullet train. VTA and the …

December 19, 2023

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