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Friendswood-City-Center
DevelopmentMixed-UseTexas

Tannos, Wolfgramm to Develop 106-Acre Mixed-Use Project in Friendswood, Texas

by Taylor Williams

FRIENDSWOOD, TEXAS — A partnership between two locally based firms, Tannos Development Group and Wolfgramm Capital, will develop a 106-acre mixed-use project in Friendswood, a southeastern suburb of Houston. Friendswood City Center will feature an apartment complex with roughly 500 units and a luxury hotel with a convention center that can house up to 500 people. Plans also call for approximately 150,000 square feet of retail and restaurant space and 200,000 square feet of medical and office space. The development will also have a 52-acre public park with more than four miles of walking and jogging trails and a fishing lake with a pier. Various infrastructural improvements are also being made as part of the project. The City of Friendswood is partnering with Tannos and Wolfgramm on Friendswood City Center, which represents more than $750 million in regional capital investment.

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Ivy-&-Green-Hackensack
DevelopmentMultifamilyNew JerseyNortheast

Hornrock Properties Begins Leasing 168-Unit Apartment Complex in Hackensack

by Taylor Williams

HACKENSACK, N.J. — Locally based developer Hornrock Properties has begun leasing a 168-unit multifamily project in the Northern New Jersey community of Hackensack. Designed by Minno & Wasko Architects, the six-story building represents Phase II of a larger development known as Ivy & Green, Phase I of which totaled 221 units. Residences come in studio, one- and two-bedroom floor plans, and the campaign begins with 30 percent of the units preleased. Ivy & Green offers amenities such as a pool, coworking spaces, private conference rooms, a gaming lounge, speakeasy bar, demonstration kitchen, theater and music studio, a children’s playroom, fitness center, pet spa and package lockers. Monthly rents start at $2,215 for a studio.

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Peachtree-Distribution-Center-Mesquite
DevelopmentIndustrialTexas

CapRock Partners Acquires 396,750 SF Peachtree Distribution Center in Mesquite, Texas

by Taylor Williams

MESQUITE, TEXAS — California-based investment firm CapRock Partners has acquired Peachtree Distribution Center, a 396,750-square-foot warehouse located in the eastern Dallas suburb of Mesquite. Built in 2001, the cross-dock property features 31-foot clear heights, 66 dock-high doors, three drive-in doors, 120-foot truck court depths (expandable to 175 feet), an ESFR sprinkler system and roughly 12,700 square feet of office space. Randy Baird, Ryan Thornton, Jonathan Bryan, Eliza Bachhuber, Nathan Wynne and Elliott Dow of CBRE represented the undisclosed seller in the transaction. CapRock Partners plans to make capital improvements to the property, which was fully leased to three tenants at the time of sale.

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Rone-Residences-Houston
DevelopmentMultifamilyTexas

High Street, Daiwa House Top Out 12-Story Apartment Building in Houston

by Taylor Williams

HOUSTON — A partnership between High Street Residential and Japanese homebuilder Daiwa House has topped out Rone Residences, a 12-story apartment building in Houston’s River Oaks/Upper Kirby area. Designed by Zeigler Cooper Architects and built by Hoar Construction, Rone Residences offers 209 units in one-, two-, and three-bedroom floor plans with an average size of roughly 1,400 square feet. Amenities include multiple pools, a fitness center, game lounge, coworking and private conference spaces, a pet park and tenant storage spaces. Rone Residences will also house 2,900 square feet of retail space. The first units are expected to be available for occupancy in early 2025.

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51-West-52nd-St.-Manhattan
DevelopmentNew YorkNortheastOffice

Harbor Group International Completes $128M Renovation of Midtown Manhattan Office Building

by Taylor Williams

NEW YORK CITY — Harbor Group International has completed the $128 million renovation of an office building located at 51 W. 52nd Ave. in Midtown Manhattan. The building now features updated lobbies and tenant amenities, including a fitness center, lounges and conference facilities, as well as new elevators and furniture. Vocon and MdeAS Architects served as the project architects. Harbor Group acquired the 38-story, 900,000-square-foot building, which houses the headquarters of CBS, in late 2021. The owner also has its 25,000-square-foot headquarters office on the 19th floor of the building.

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Manchester-by-the-Sea-Life-Sciences
AcquisitionsDevelopmentLife SciencesMassachusettsNortheast

Cell Signaling Technology Buys 50-Acre Site in Metro Boston, Plans Life Sciences Redevelopment

by Taylor Williams

MANCHESTER-BY-THE-SEA, MASS. — Massachusetts-based life sciences company Cell Signaling Technology has purchased a 50-acre site in Manchester-by-the-Sea, about 30 miles northeast of Boston, with plans to undertake a life sciences redevelopment. Designed by architecture firm HGA, the project will convert the site of an abandoned rock quarry into a research and innovation campus that will feature 250,000 square feet of space. Ten acres of the site are occupied by the Manchester Athletic Club. A construction timeline for the project, which will be developed in phases, is still being finalized.

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The-Laura-East-River-Houston
DevelopmentMultifamilyTexas

Midway Opens 359-Unit Laura Apartments at East River in Houston

by Taylor Williams

HOUSTON — Midway has opened The Laura, a 359-unit multifamily project that is part of the Houston-based developer’s initial phase of the 150-acre East River development in Houston’s Historic Fifth Ward. Designed by Munoz + Albin with EDI International as the architect of record, The Laura features studio, one- and two-bedroom apartments that range in size from 431 to 1,432 square feet. Amenities include a fitness center, dog park, pool, grilling stations, outdoor yoga space and a lawn for games and passive recreation. OHT Partners served as the general contractor for the project, construction of which began in late 2021. Rents started at $1,600 per month for a studio when leasing began last fall.

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800-Salem-St.-Wilmington-Massachusetts
DevelopmentIndustrialMassachusettsNortheast

Camber Development Breaks Ground on 237,800 SF Warehouse in Wilmington, Massachusetts

by Taylor Williams

WILMINGTON, MASS. — Boston-based Camber Development has broken ground on a 237,800-square-foot warehouse at 800 Salem St. in the northern Boston suburb of Wilmington. Designed by Dacon Corp., the building will feature a clear height of 36 feet, 47 dock positions and parking for 332 cars and 33 trailers. Camber is developing the project in partnership between Connecticut-based Wheelock Street Capital. JLL arranged construction financing for the project, which is expected to be complete before the end of the year.

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Flynn-at-Live-Oak-Dallas
DevelopmentMultifamilyTexas

Conor Commercial Breaks Ground on 327-Unit Multifamily Project in Old East Dallas

by Taylor Williams

DALLAS — Illinois-based developer Conor Commercial, in a joint venture with Globe Corp. and Origin Investments, has broken ground on The Flynn at Live Oak, a 327-unit multifamily project in Old East Dallas. Designed by Merriman Anderson Architects, the five-story building will house studio, one- and two-bedroom units. Amenities will include a pool, fitness center, courtyards, coworking space, a clubroom, dog park and a mini-mart grocery. Cadence McShane Construction, a division of Conor Commercial, is the general contractor for the project, which is slated for a spring 2025 delivery. Wintrust Bank provided construction financing for the project. Greystar will be the property manager.

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Denton-Exchange-35
DevelopmentIndustrialTexas

EastGroup Properties Breaks Ground on 244,000 SF Industrial Project in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Mississippi-based REIT EastGroup Properties has broken ground on a 244,000-square-foot, two-building industrial project in the North Texas city of Denton. Denton Exchange 35 will consist of a 114,000-square-foot building that is subdividable to 20,000 square feet and a 130,000-square-foot building that is subdividable to 40,000 square feet. Combined, the buildings will feature 53 dock-high-doors and parking for 239 cars and 34 trailers, with expansion capabilities for trailer parking at both facilities. Project partners include Alliance Architects, GMcivil, Rosenberger Construction and Stream Realty Partners as the leasing agent. A tentative delivery date was not disclosed.

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