REBusinessOnline

SilverBrick Group Completes Renovation of 99-Unit Multifamily Property in Massachusetts

SPRINGFIELD, MASS. — The SilverBrick Group has completed the renovation of SilverBrick Square in Springfield. Located at 122 Chestnut St., the 120,000-square-foot building is a former YMCA property. The newly renovated, 99-unit apartment community now includes new finishes in units and common areas as well as a new fitness center. Emerald Creek Capital provided an $8 million bridge loan to SilverBrick Group for the renovations. Terms of the loan were not

Ford Plans Electric Vehicle Production Expansion at Flat Rock Assembly Plant in Southeast Michigan

FLAT ROCK, MICH. — Ford has unveiled plans to begin producing battery electric vehicles at its Flat Rock assembly plant in Southeast Michigan. Ford plans to invest more than $850 million in the Flat Rock assembly plant through 2023, adding a second shift and approximately 900 new jobs. The plant investment also includes funding to build the next-generation Mustang and is the bulk of a $900 million investment in Ford’s operations in Southeast Michigan. Ford also said it will begin building …

Magnus Development Breaks Ground on 200,000 SF Speculative Industrial Facility in Columbia

COLUMBIA, S.C. — Magnus Development Partners has broken ground on Midway Logistics IV, a 200,000-square-foot speculative industrial building within Lexington County Industrial Park in Columbia. The tilt-up, multi-tenant building will feature 32-foot clear heights, 16 dock doors, two 12-by-14-foot drive-in doors, a 210-foot shared truck court, LED motion-detected lighting and an ESFR sprinkler system. Magnus expects to deliver the facility in the third quarter. Colliers International will …

Adelante Healthcare Opens $4.7M Healthcare Facility in Goodyear, Arizona

GOODYEAR, ARIZ. — Adelante Health Center has opened Adelante Health Center, its newest healthcare facility in Goodyear. Situated on 7 acres at 13471 W. Cornerstone Blvd., the 45,000-square-foot facility features a variety of services including family medicine, internal medicine, OB/GYN, family dental, behavioral health, on-site laboratory, pharmacy, WIC/nutrition and pediatrics. The $4.7 million facility is located just east of Abrazo West Campus Hospital. Adelante Healthcare is a …

R.D. Olson Breaks Ground on Dual-Branded Hilton Near Disneyland

ANAHEIM, CALIF. — R.D. Olson Construction has broken ground on a 223-room, dual-branded hotel located at 1441 S. Manchester Ave. in Anaheim. Situated two blocks from Disneyland Resort, the 220,000-square-foot property will comprise a 123-room Hilton Garden Inn and a 100-room Home2 Suites. Home2 Suites offers an extended-stay experience for guests, including a full-sized sleeper sofa, workspace and in-suite kitchen complete with a refrigerator, cooktop, dishwasher, dishes and glassware. …

Phoenix Investors to Convert Wisconsin Industrial Facility into Self-Storage

MOUNT PLEASANT, WIS. — Phoenix Investors has unveiled plans to convert its industrial facility located at 7505 Durand Ave. in Mount Pleasant into self-storage use. Phoenix plans to add up to 2,000 climate-controlled units at the 200,000-square-foot property. Store Here Self Storage will operate the

True Food Kitchen to Open First Location in Ohio at Easton Town Center

COLUMBUS, OHIO — True Food Kitchen is opening its first location in Ohio at Easton Town Center. Set to open in 2020, the 6,000-square-foot restaurant will feature both indoor and outdoor dining space as well as a bar. True Food Kitchen offers vegetarian, vegan and gluten-free dishes and operates 26 locations in 11 states. Easton Town Center is currently undergoing a $500 million, 16-acre expansion. L Brands, The Georgetown Company and Steiner + Associates make up the development

Leon Capital to Develop 380-Unit Residences at SanTan Village in Gilbert, Arizona

GILBERT, ARIZ. — Dallas-based Leon Capital Group plans to develop Residences at SanTan Village, a multifamily community located north of SanTan Village Mall in Gilbert. Situated on 15.8 acres, the Residences at SanTan Village will feature 380 units in six three- and four-story buildings designed in a modern prairie style. Construction is slated to begin in summer 2019 with the first units available in early fall 2020. The property will feature a variety of floor plans with …

Hillwood, Continental to Develop 840,000 SF Speculative Distribution Center Near Columbus

WEST JEFFERSON, OHIO — Hillwood, a Perot company, and Continental Real Estate Cos. have unveiled plans to develop an approximately 840,000-square-foot speculative distribution center in West Jefferson. Slated for delivery in early 2020, the property will be expandable up to 1.2 million square feet. The project will offer convenient access to I-70 and will be situated 20 miles west of the central business district. Building features include a clear height of 36 feet, cross-dock configuration, …

Columbus Realty Partners to Develop 433-Unit Multifamily Community in Metro Austin

ROUND ROCK, TEXAS — Columbus Realty Partners will break ground this month on Parkside at Round Rock, a 433-unit multifamily community that will be located in the northern Austin suburb of Round Rock. The property will be situated adjacent to Round Rock Premium Outlets, a shopping and dining destination owned and operated by Simon Property Group (NYSE: SPG). Parkside at Round Rock will feature a variety of floor plans and amenities such as a pool, fitness center, dog park and an athletic …

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