DALLAS — Metropolitan Capital Advisors (MCA) has arranged a $9.5 million construction loan for Destination Residences, a 62-unit condominium project in Dallas. The property will be located in The Cedars, a retail-heavy neighborhood just south of downtown, and will be built entirely on speculation. Justin Laub of MCA arranged the financing on behalf of 1901 Harwood LLC through an undisclosed, Texas-based bank.
LAS CRUCES, N.M. — Welbrook Senior Living expects to complete construction of 50-bed skilled nursing facility in Las Cruces, just north of El Paso, Texas, by the end of June. The property, which has not yet been named, will largely focus on short-stay rehabilitation. Partners on the funding, design and construction of the property include National Healthcare Development Inc., Northstar Commercial Partners, Lantz-Boggio Architects and Catamount Constructors. California-based Welbrook..
BOSTON — GE will host a groundbreaking ceremony for its future campus, GE Innovation Point, at 15 Necco St. in Boston on May 8. When complete, the project will be home to 800 GE employees. GE Chairman and CEO Jeff Immelt will be on hand, along with Massachusetts Governor Charlie Baker and Boston Mayor Marty Walsh. Innovation Point will open in two phases in 2018.
QUINCY, MASS. — WinnDevelopment and nonprofit partner NeighborWorks Southern Mass are moving forward with plans to build a $44 million, 140-unit apartment community in Quincy. Known as The Watson on Howard, the project will be located on 1.7 acres and will feature the largest number of workforce units ever financed under MassHousing’s Workforce Housing Initiative, according to a release from WinnDevelopment. Amenities will include a gym, community room and courtyard.
REDMOND, WASH. — Emerald Communities, a nonprofit seniors housing operator, has announced plans to add a new neighborhood named The Courtyard to its Emerald Heights continuing care retirement community in the Seattle suburb of Redmond. The Courtyard will feature a three-level, 69,998-square-foot building atop a 34,107-square-foot parking structure. It will add 42 new units to the community, surrounding a pedestrian plaza that connects to the property’s existing nature..
FORT WORTH, TEXAS — KWA Construction has completed construction of HIGHPOINT Urban Living, a 400,000-square-foot, 227-unit apartment complex on the site of the former Coca-Cola bottling plant at 650 S. Main St. in Fort Worth’s Medical District. The property features a bike rental station, resort-style pool, cabanas and a fire pit, with one-bedroom units averaging 631 square feet and two-bedroom units averaging 1,257 square feet.
PASADENA, CALIF. — Dog Haus, a Pasadena-based gourmet hot dog, sausage and burger concept, has signed a development agreement with American Development Partners. The agreement includes the construction of over 300 new Dog Haus franchise locations in 12 states over the next seven years. The new locations will be built on land primarily purchased for built-to-suit and standalone Dog Haus Biergarten concepts, and will be operated by franchisees with multi-unit and multi-brand experience. The..
The Calida Group, Cypress Equity Buy 6.1 Acres Inside Hughes Center in Las Vegas for Multifamily Community
LAS VEGAS — A joint venture between the Calida Group and Cypress Equity Investments has purchased a 6.1-acre parcel of land inside the Hughes Center in Las Vegas. The JV plans to build a multifamily community at the site. The Hughes Center is a 1.5 million-square-foot office campus with dining options. Curt Allsop, Doug Schuster, Vittal Ram and Angela Bates of ARA Newmark Las Vegas represented the landlord, Equity Office, in this transaction.
WEATHERFORD, TEXAS — Gunn Automotive Group, a San Antonio-based car dealer, has purchased a 10.4-acre tract in western Fort Worth suburb of Weatherford for the development of a Honda dealership. The $10 million project, which includes a 30,000-square-foot building and showroom, will break ground in June. Colton Wallis and Nick Talley of Bradford Commercial represented the sellers, two private investors, in the transaction. Jack Huff of Transwestern represented the undisclosed buyer.
MIAMI — PGT Innovations Inc., an impact window and door manufacturer, plans to open a new 330,000-square-foot manufacturing facility in Miami. The company currently operates an 182,000-square-foot office and manufacturing property roughly 12 miles from the new facility. PGT Innovations will manufacturer its CGI branded products at the new location, as well as other commercial and PGT aluminum products. The new building space will accommodate a multi-brand showroom, offices, production and..