Development

Frontera-Shores-Lewisville

LEWISVILLE, TEXAS — A partnership between Wan Bridge, a Texas-based developer of build-to-rent residential communities, and Centurion American Development Group has delivered Frontera Shores Townhomes, a 201-unit project in the northern Dallas suburb of Lewisville. The site spans 35.8 acres, and the community offers two-, three- and four-bedroom townhomes that range in size from 1,280 to 1,880 square feet. Amenities include a pool, walking trails and a dog park.

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HOUSTON — Local owner-operator Braun Enterprises has completed the renovation of 2120 Montrose, a roughly 11,000-square-foot office building located just west of downtown Houston. The renovation included upgrades to both the exterior and interior of the building, which now offers four suites that can be leased individually or collectively. Stream Realty Partners is the leasing agent for 2120 Montrose.

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HALEDON, N.J. — JLL has arranged an undisclosed amount of construction financing for a mixed-use project in the Northern New Jersey community of Haledon. Known as High Mountain Promenade, the development at 987 Belmont Ave. will comprise 90 apartments, a 74,715-square-foot (gross) self-storage facility and 4,400 square feet of retail space. First Bank provided the financing, proceeds of which will be used to fund construction of the self-storage facility and predevelopment costs of the other uses. Michael Klein, Jon Mikula, Ryan Carroll and Michael Donohoe of JLL arranged the debt on behalf of the developer, a joint venture between two New Jersey-based groups, Tulfra Real Estate and The Hampshire Cos.

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TAMPA, FLA. — A public-private partnership between RISE and the University of Tampa is set to break ground on an 833-bed residence hall project located at the corner of South Boulevard and Cleveland Street in Tampa. RISE will finance and construct the building, which is scheduled for completion in fall 2028. The university will own and operate the residence hall, with RISE managing building maintenance and custodial services. The development team includes Niles Bolton Associates and Juneau Construction. The 11-story community is designed for first- and second-year students and will offer suite-style units with shared living spaces. Amenities will include study lounges, two common rooms, dining facilities, bicycle storage and surface-level parking. The project will also include improvements to the surrounding infrastructure, such as enhanced pedestrian and cyclist pathways along South Boulevard and an upgraded Hillsborough Transit Authority (HART) bus shelter at Cleveland Street and Fielding Avenue.

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WENTZVILLE, MO. — Missouri-based cannabis brand VIBE Cannabis is developing a flagship dispensary, VIBE City, at the final retail outlot at Grand Central at The Junction in Wentzville, a western suburb of St. Louis. Mia Rose Holdings is the developer for the Grand Central at The Junction mixed-use development. The project includes 180 luxury apartment units with a mix of retail, fitness and dining tenants, including Sugarfire and F45 Training, along with a Holiday Inn Express hotel. Additional retail space, formerly occupied by Brett Hull’s Junction House, is currently available for lease. The Wentzville location for VIBE will total 6,500 square feet and represent an estimated $7.5 million investment. The space will feature a drive-thru pickup window. The project team includes Layne Co. Construction, SE/Coady Architects, Premier Design Group, Crockett Engineering Consultants and Engenuity. Triad Bank provided financing. Construction is underway, with a target opening slated for September.

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CENTERVILLE, OHIO — Oberer Cos. has completed the final retail strip center within The Cornerstone of Centerville North, Shoppes at Cornerstone IV, officially marking the full build-out of the mixed-use development in the Dayton suburb of Centerville. The center, totaling 10,098 square feet, represents the final phase of a multi-year development transforming the Wilmington Pike and Feedwire Road corridor. The strip center is fully leased to tenants such as Chicken Salad Chick, Body Par Pilates and Mi Cozumel. Construction began on The Cornerstone of Centerville North in 2014. Oberer expects to break ground this summer on The Cornerstone of Centerville South, a 72-acre mixed-use development located on the south side of I-675.

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GAITHERSBURG, MD. — WRS Inc., a retail and mixed-use development firm based in Charleston, S.C., has broken ground on the $1.2 billion redevelopment of Lakeforest Mall, a 102-acre shopping mall in Gaithersburg that shuttered in 2023. Situated in the northern arch of the Washington, D.C., suburbs, the multi-phase project will transform 1.1 million square feet of obsolete retail space and parking lots into a walkable “mini-city” that will be master-planned on a grid of walkable streets and public amenities. “This is more than just a construction project; it is the rebirth of a community anchor,” says Kevin Rogers, principal of WRS. “We are proud to deliver a project that honors the legacy of Lakeforest while looking firmly toward the future of Gaithersburg.” Hallmarks of the new mixed-use village will include: Phase I of the redevelopment’s infrastructure, which comprises demolition of the mall, installation of storm drain systems and establishment of road networks on the site, is now underway. WRS plans to begin vertical construction on the first residential and retail blocks of the development shortly after these initiatives are complete. WRS began purchasing Lakeforest Mall beginning in 2019. In 2022, the firm obtained acquisition and construction financing from PCCP for the …

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Clear-Springs-Logistics-Park-Annville-Pennsylvania

ANNVILLE, PA. — DHL Supply Chain, a developer and third-party logistics firm based in Germany, will develop a 1.2 million-square-foot industrial project in Annville, about 100 miles west of Philadelphia. The building will be located within Clear Springs Logistics Park and will feature a clear height of 40 feet, 120 dock doors, four drive-in doors and parking for 426 car parking spaces (expandable to 571) and 295 trailer parking stalls. Harris Architects is designing the project, and Peak Construction Corp. is the general contractor. Warehaus is the civil engineer. Construction is expected to be complete before the end of the year.

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buc-ees

FORSYTH, GA. — Buc-ee’s has broken ground on a 74,000-square-foot travel center in Forsyth, roughly 60 miles southeast of Atlanta in Monroe County. The store is scheduled to open in spring 2027 and will become the fourth Buc-ee’s location in the state. Officials also stated that the site will be one of the largest in the company’s history and about 40 percent larger than the Buc-ee’s already operating in Warner Robins, about 30 miles to the south, according to WJCL. Situated at 1060 Rumble Road, the new store is expected to bring more than 200 full-time jobs to the area. Buc-ee’s currently operates 54 stores throughout its home state of Texas, as well as Alabama, Florida, Georgia, Kentucky, South Carolina, Ohio, Colorado, Virginia, Missouri and Tennessee.

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PITTSBORO, IND. — Faith Technologies Inc. (FTI) is expanding to Pittsboro, about 30 miles northwest of Indiana, and has begun construction on a 500,000-square-foot manufacturing facility within Opus’ Pittsboro Commerce Center. FTI delivers solutions in engineering, construction, manufacturing and clean energy. The new Pittsboro facility will support FTI’s Excellerate brand, which specializes in modular electrical assemblies and energy solutions. The project will create more than 200 skilled manufacturing and electrical jobs. Pittsboro Commerce Center is a new 170-acre industrial development planned by Opus that is located near I-74. Opus sold 47 acres to FTI and is currently completing site infrastructure, including grading, access roads and utilities. FTI is serving as general contractor for its facility, which marks the first building within the development. Opus plans to build out the remainder of the project in phases. The State of Indiana and Hendricks County provided incentive-based tax credits through the Indiana Economic Development Corp. and a property tax abatement through Hendricks County based on FTI’s expected impact on economic growth and job creation in Pittsboro and the surrounding region.

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