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JPMorgan Chase to Build 2.5 MSF Skyscraper in Midtown Manhattan for New Headquarters

NEW YORK CITY — JPMorgan Chase (NYSE: JPM) plans to build a new 2.5 million-square-foot skyscraper that will replace its existing 50-story office building at 270 Park Ave. in Midtown Manhattan. The company plans to consolidate its global headquarters from various locations at the new tower, which some media outlets are reporting would rise 70 stories. “We are recommitting ourselves to New York City while also ensuring that we operate in a highly efficient and world-class environment for..

February 22, 2018

Flix Brewhouse to Open 38,750 SF Cinema, Microbrewery in Houston

HOUSTON — Austin-based entertainment concept Flix Brewhouse will open a 38,750-square-foot cinema and microbrewery within Hub at Harvest Green, a 300,000-square-foot dining and shopping destination under construction in Houston. The center, which Trammell Crow Co. is developing, will be located at the intersection of Grand Parkway and West Airport Boulevard. Flix Brewhouse is the first entertainment anchor signed at Hub at Harvest Green, which is slated to open in summer 2019.

February 21, 2018

Fults Breaks Ground on 32,867 SF Office Building in Metro Dallas

GRAPEVINE, TEXAS — Fults Commercial Real Estate has broken ground on Kriya Plaza, a 32,867-square-foot office building in the northwestern Dallas metro of Grapevine. The property overlooks Lake Grapevine and is situated across the street from Grapevine Mills Mall. A timeline for completion was not disclosed, but tenant improvements will be available beginning in June.

February 21, 2018

Savanna Breaks Ground for 90,000 SF Office Property in Manhattan

NEW YORK CITY — Savanna, along with joint venture partner Atom Assets, has broken ground on the construction of a 25-story office property located at 106 W. 56th St. in Manhattan. Designed by Perkins Eastman and Gensler, the 90,000-square-foot property will feature a modern design, boutique floor plans and upscale amenities. Construction is slated for completion in fourth quarter 2019, with LEED certification targeted upon completion. United Overseas Bank and Canyon Partners Real Estate..

February 21, 2018

KDC, Partners to Develop Eight Acres of Office Space at $400M Mixed-Use Project in Metro Atlanta

ALPHARETTA, GA. — KDC, in conjunction with Worthington Hyde Partners and Transwestern, has unveiled plans to develop eight acres of build-to-suit office space at Windward Park, a $400 million mixed-use development in the north Atlanta metro of Alpharetta. The site is zoned for two 250,000-square-foot, Class A office buildings. The 48-acre Windward Park development is located at the corner of Windward Parkway and GA 400 in Atlanta’s North Fulton submarket. Worthington Hyde acquired the site..

February 21, 2018

CBRE to Launch $6M Renovation of Three Office Buildings in Atlanta’s Central Perimeter

ATLANTA — CBRE Global Investors has unveiled plans for its $6 million renovation of three office buildings at Concourse Corporate Center in Atlanta’s Central Perimeter office submarket. CBRE Global Investors, the investment management arm of CBRE Inc., acquired Concourse Buildings I, II and IV from BLT in December for $145 million, according to the Atlanta Business Chronicle. The three buildings under CBRE’s ownership total 751,093 square feet. As part of the renovation, CBRE will rename..

February 21, 2018

GBT Unveils Tenant Roster, Plans for Shopping Center Redevelopment in Port Charlotte, Florida

PORT CHARLOTTE, FLA. — GBT Realty Corp. has unveiled the tenant lineup and renovation plans for Port Charlotte Marketplace, a shopping center redevelopment project in Port Charlotte, roughly 40 miles south of Sarasota. Located at Tamiami Trail/US Highway 41 and Cochran Boulevard, the nine-acre site formerly housed a vacant 108,500-square-foot Kmart. Brentwood, Tenn.-based GBT acquired the 75-year ground lease last fall. Redevelopment plans include a complete renovation of the former Kmart..

February 21, 2018

Cypress to Develop 294-Unit Apartment Community in Uptown Dallas

DALLAS — Cypress Real Estate Advisors Inc. will develop a 294-unit apartment community at 4600 Ross Ave. in the Uptown district of Dallas. Oden Hughes Taylor Construction is serving as general contractor for the project and JHP Architects is designing the community, which is expected to break ground this quarter. The target completion date is early 2020. Steve Williamson of Transwestern brokered the sale of the 3.8-ace land parcel, which previously housed the headquarters of the Dallas..

February 20, 2018

Star Cinema Grill to Open 49,500 SF Theater in Metro Houston

SPRING, TEXAS — Star Cinema Grill will open a 49,500-square-foot theater and restaurant within CityPlace at Springwoods Village, a 60-acre mixed-use development in the northern Houston metro of Spring. The 10-screen theater, which is expected to open during the second quarter of 2019, will be the company’s 10th overall location. Other projects currently under construction at CityPlace at Springwoods Village include office campuses for the American Bureau of Shipping (ABS) and Hewlett..

February 20, 2018

Williams Realty, Partners Receive Construction Loan for Mixed-Use Project in Raleigh’s CBD

RALEIGH, N.C. — Williams Realty & Building Co., in conjunction with Kane Realty Corp. and capital partner Lionstone Investments, has received construction financing for the development of a high-rise mixed-use project in Raleigh’s central business district. Colby Mueck, Roger Edwards and Travis Anderson of HFF arranged the construction loan through New York Life Insurance Co. Other terms of the financing were not disclosed. The property is located at the southwest corner of West Peace..

February 20, 2018