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University-of-St.-Thomas-Residence-Hall-Houston
DevelopmentMultifamilyStudent HousingTexas

University of St. Thomas Breaks Ground on 400-Bed Residence Hall Project in Houston

by Taylor Williams

HOUSTON — The University of St. Thomas has broken ground on a 400-bed residence hall project on the institution’s campus in Houston. The 95,000-square-foot development will include a dedicated chapel and prayer room, courtyard and multi-use lounges and collaborative study zones. Units will be offered in two-, three- and four-bedroom configurations for single or double occupancy. The property will also be home to two staff apartments. The design team for the project included global architecture firm Corgan and The Lawrence Group. A tentative completion date was not announced.

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Affordable HousingDevelopmentGeorgiaMultifamilySoutheast

Partnership Breaks Ground on 130-Unit Affordable Housing Community in Atlanta’s Buckhead District

by John Nelson

ATLANTA — A partnership between Pennrose, Radiant Development Partners and public partners including Atlanta Beltline Inc. has broken ground on Overlook at Garson, a 130-unit affordable housing community in Atlanta’s Buckhead district. The development is situated along the Beltline’s Northeast Trail at the intersection of Garson Drive and Piedmont Road, which is near the Lindbergh MARTA Station. Atlanta Mayor Andre Dickens attended the groundbreaking ceremony on Tuesday, Aug. 4 along with the development partners. Atlanta Beltline Inc. purchased the development site in 2021 from Wells Fargo with plans to add more affordable housing on land in immediate vicinity of the popular urban trail. The development partners expect to deliver Overlook at Garson in 2028. The property will offer efficiency, one- and two-bedroom apartments reserved for households earning 50, 60 and 80 percent of the area median income (AMI). Capital sources for Overlook at Garson include Bank of America, Advantage Capital, Atlanta Housing, Atlanta Beltline Inc., Invest Atlanta, the Community Foundation for Greater Atlanta and Merchants Capital. Public partners include Atlanta Beltline Inc., Invest Atlanta, Atlanta Housing and Georgia’s Department of Community Affairs. The design-build team includes Smith Dalia Architects, McShane Construction and Thompson Ehle Co.

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DevelopmentHealthcareMidwestOhio

Cleveland Clinic Breaks Ground on $322M Expansion of Avon Campus

by Kristin Harlow

AVON, OHIO — Cleveland Clinic has broken ground on a $322 million expansion of Cleveland Clinic Avon Hospital and the Richard E. Jacobs Health Center. The multi-phase project will significantly increase the size of the campus, increase capacity across emergency, inpatient and outpatient services and introduce new capabilities and modernized facilities. Key components of the project include the expansion of the emergency department, expansion of imaging services, an expanded Cancer Center, growth of surgical services, expansion of the Richard E. Jacobs Health Center for increased outpatient care, increased medical-surgical capacity with additional inpatient beds, growth of the Intensive Care Unit and construction of a parking garage. Upon completion, the project will add roughly 250,000 square feet of clinical space across the hospital and health center. Avon Hospital opened in 2016 as a five-story, 126-bed facility. The Richard E. Jacobs Health Center, opened in 2011, currently provides advanced specialty and primary care, an outpatient surgery center, a chemotherapy infusion center, an imaging center and a large physical therapy area with two pools for aquatic therapy. The expansion is slated for completion in 2029. HKS architects designed the buildings in collaboration with Cleveland Clinic Buildings + Design and key clinical stakeholders. Gilbane …

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DevelopmentHealthcareMixed-UseNortheastRhode Island

GNAM Underway on $92M Redevelopment of Hospital Campus in Pawtucket, Rhode Island

by Taylor Williams

PAWTUCKET, R.I. — New York City-based Global Asset Management Group (GNAM) is underway on the $92 million redevelopment of the 386,404-square-foot former Memorial Hospital campus in Pawtucket, located just north of Providence. Plans currently call for approximately 200 residential units, including both market-rate and affordable multifamily units, as well as dedicated veteran housing and support services. The redevelopment will also introduce retail and restaurant uses to the campus in addition to new healthcare and wellness facilities. GNAM acquired the property for $12 million and projects about $45 million in construction and redevelopment costs, not inclusive of additional soft costs. A timeline for completion was not announced.

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Affordable HousingDevelopmentMultifamilyNew JerseyNortheast

LJS Development Breaks Ground on 25-Unit Affordable Housing Project in Randolph, New Jersey

by Taylor Williams

RANDOLPH, N.J. — LJS Development has broken ground on Sussex Woods, a 25-unit affordable housing project in the Northern New Jersey community of Randolph. Sussex Woods will feature five one-bedroom units, 12 two-bedroom residences and eight three-bedroom apartments. All units will be reserved for households earning between 20 and 60 percent of the area median income. Inglese Architecture is designing Sussex Woods, and LeChase Construction is the general contractor. Completion is slated for next summer.

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DevelopmentMultifamilyNorth CarolinaSoutheastTop Stories

Partnership to Develop 382-Unit Luxury Apartment Tower in Charlotte

by Kristin Harlow

CHARLOTTE, N.C. — A partnership between GMH Communities, AEW Capital Management and Wexford Science & Technology LLC has acquired land within The Pearl innovation district in Charlotte. The partners plan to develop ANOVA The Pearl, a 20-story, 382-unit luxury apartment tower. Completion is slated for summer 2028. ANOVA The Pearl will encompass 1.3 acres and feature luxury residential accommodations alongside 6,621 square feet of ground-floor retail space. Of the 382 units, 5 percent will be reserved for affordable housing. Amenities will include a fitness center, clubhouse, golf simulator, sauna and cryotherapy chambers. The developers say the project is designed to meet the growing demand for high-quality housing for professionals working in the life sciences, healthcare and technology industries. The Pearl innovation district, developed through a public-private partnership led by Atrium Health and Wexford Science & Technology, is anchored by Wake Forest University School of Medicine Charlotte, the city’s first four-year medical school. “We are attracted to locations that we believe benefit from strong institutional anchors and create opportunities for residents to live near major centers of employment and innovation. ANOVA The Pearl reflects these characteristics and represents a residential development within a unique and evolving district in Charlotte,” says Sara …

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400-Market-Flats-Philadelphia
DevelopmentMultifamilyNortheastOfficePennsylvania

Keystone Completes Office-to-Residential Conversion Project in Philadelphia

by Taylor Williams

PHILADELPHIA — Local developer Keystone has completed an office-to-residential conversion project in Philadelphia’s Independence Mall district. Designed by Tantillo Architecture and built by Fasttrack Construction, the project transformed the historic, 12-story building at 400 Market St. into a 176-unit apartment complex known as 400 Market Flats. Units come in studio, one- and two-bedroom floor plans, and amenities include coworking space and a rooftop terrace. Keystone developed the project, which opened with 40 percent of the units preleased, in partnership with Lubert-Adler.

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AcquisitionsDevelopmentMarylandMixed-UseRetailSoutheast

Home Depot to Open First Store in Southern Maryland

by John Nelson

CALIFORNIA, MD. — The Home Depot has purchased 13.5 acres within Lexington Exchange, a 140-acre mixed-use park situated along Three Notch Road (Md. Route 235) in California. The Atlanta-based retail giant plans to open a new store at the site, representing the company’s first store in southern Maryland. Baltimore-based St. John Properties Inc., the master developer of Lexington Exchange, sold the site to The Home Depot for an undisclosed price. Alex Lyons and Bill Holzman handled negotiations for St. John Properties internally, and Greg Ferrante of Segall Group represented The Home Depot. The size of the store and target opening date were not released. The Home Depot is the latest retailer coming to the lineup at the mixed-use development, joining tenants including Aldi, Royal Farms, Chipotle Mexican Grill and RC Theatres. Lexington Exchange currently features five buildings spanning 120,000 square feet of flex/research-and-development space and 65,000 square feet of retail. The park is configured to support approximately 600,000 square feet of commercial space. St. John Properties and development partner Chaney Enterprises are currently marketing several pad sites within Lexington Exchange to retail users in the healthcare, banking and food-and-beverage segments.

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DevelopmentMultifamilySouth CarolinaSoutheastStudent Housing

Landmark, Peninsula Deliver 826-Bed Student Housing Project Near University of South Carolina

by John Nelson

COLUMBIA, S.C. — Landmark Properties and Peninsula Investments have delivered Narrative at Columbia, an 826-bed student housing community located about one mile from the University of South Carolina (USC) campus. The 197-unit property is located at 1050 Idlewild Blvd., near Williams-Brice Stadium, the home football stadium of the USC Gamecocks. Narrative at Columbia features a mix of two- to six-bedroom, fully furnished apartments. Amenities include a clubroom, resort-style pool, hot tub, gaming lawn, cabana and hammock grove, outdoor grilling areas, sand volleyball court, jumbotron, wellness suite and a 24/7 fitness center, as well as private study rooms, shuttle rides to campus and a computer lounge. The development team began welcoming residents on Aug. 1. The design-build team includes Athens, Ga.-based architect E+E Architecture and Landmark Construction, the in-house construction division of Landmark Properties, which is also headquartered in Athens. With Narrative at Columbia, Landmark now owns and operates approximately 2,300 student housing beds in Columbia, with another 800 beds under development.

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DevelopmentIllinoisMidwestOfficeRestaurantRetail

Friedman Properties Completes Riverwalk Replacement at Reid Murdoch Building in Chicago

by Kristin Harlow

CHICAGO — Friedman Properties has completed reconstruction of the riverwalk at the Reid Murdoch Building in Chicago’s River North neighborhood. Together with renovations at River Roast, the forthcoming opening of The Carlyle Club and prior ground-level improvements, the updates represent approximately $15 million in recent investment at the property, which features a 300-foot riverwalk connecting Clark Street to LaSalle Drive. The latest renovation nearly doubled the width of the previous riverwalk and introduced a series of 10-foot-tall double doors in the south elevation, creating new opportunities for outdoor dining and improving pedestrian circulation. The work also included new precast piers, railings, lighting, integrated planters and improved access from the river level for visitors arriving by boat. Coinciding with the redevelopment of the riverwalk, operator Levy Restaurants has completed renovations of River Roast, the 28,000-square-foot riverfront venue located in the building. The restaurant’s main event space, which has been rebranded RR Events, now features a new riverside entrance with a curved grand staircase, dual-sided bars and upgraded lighting fixtures, furniture, flooring and tableware. The renovation also added Corner Roast, a new coffee concept with its own entrance. Friedman also closed a lease with The Carlyle Club, scheduled to open at the …

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