Development

IRG, PREP Funds to Renovate 160,000 SF Industrial Property in Dayton, Ohio

by Kristin Harlow July 1, 2026

DAYTON, OHIO — Industrial Realty Group LLC (IRG) and PREP Funds have acquired 5870 Poe Ave. in Dayton with plans to reposition the 160,000-square-foot property as Dayton Commerce Center. The asset is comprised of a 155,000-square-foot main building with 40,000 square feet of office space, six docks, four drive-in doors and heavy crane infrastructure. The property also includes a standalone 5,000-square-foot building. Both structures offer clear heights of 18 feet. Construction upgrades are slated to begin immediately, and ownership is actively marketing the space for lease.

July 1, 2026

Development Multifamily Office Southeast Virginia

Gilbane Development Breaks Ground on Office-to-Residential Conversion Project in Arlington, Virginia

by Abby Cox July 1, 2026

ARLINGTON, VA. — Gilbane Development has begun the conversion of a six-story, 121,200-square-foot vacant office building at 3601 Wilson Blvd. in Arlington’s Virginia Square neighborhood. Dubbed Renley, the redevelopment will deliver 94 multifamily units in one- through three-bedroom configurations. Situated adjacent to the Virginia Square-GMU Metro station, Renley is one of the first projects to leverage Arlington County’s updated adaptive reuse policy, which was adopted in November 2024. The policy was designed to streamline office-to-residential conversions and create incentives for developers to bring underutilized office buildings “back to life.” Renley is targeted for completion in April 2027. Gilbane Development originally acquired the property in March 2025. The redevelopment plan will preserve the building’s exterior, while updating the entire interior. Resident amenities will include a wellness center, coworking spaces, lounges, gathering areas and tenant storage on every floor. Renley will also offer 5,637 square feet of ground-floor retail space and 207 parking spaces located in an underground garage.

July 1, 2026

Development Industrial Leasing Activity North Carolina Southeast

Welcome Group Inks Full-Building Industrial Lease in Durham, North Carolina Totaling 100,100 SF

by Abby Cox July 1, 2026

DURHAM, N.C. — Welcome Group has executed a 100,100-square-foot full-building lease at Welcome Venture Park, an industrial and flex business park under construction in Durham. The undisclosed tenant will occupy Building C at the property. Larry Lakins, Andrew Young, Hunter Willard and Shields Liggett of Colliers represented Welcome Group, while Doug Brock of Newmark represented the tenant. Welcome Venture Park will total 1.3 million square feet across 10 buildings upon completion of all four phases. Phase I comprises nearly 395,000 square feet across four buildings and is more than 90 percent leased. Existing tenants include Cavalier Logistics, the Food Bank of Central & Eastern North Carolina, Great Day Improvements, Mobile Communications America (MCA), PEP Move and DeHaven’s Transfer & Storage. Scheduled for delivery in fall 2026, Phase IIA consists of Buildings C and H and totals approximately 200,550 square feet. Building C is fully leased, while Building H offers 100,450 square feet available for lease. City Bank is financing Phase IIA. Phase IIB, which will include an additional 439,560 square feet across Buildings I and J, is anticipated to deliver in late 2027 and early 2028. The overall development is designed to accommodate manufacturing, laboratory, warehouse, distribution and technology-focused users. …

July 1, 2026

Development Georgia Multifamily Southeast

Hillpointe Opens 216-Unit Attainable Housing Community in Metro Atlanta

by Abby Cox July 1, 2026

NEWTOWN COUNTY, GA. — Hillpointe has opened Pointe Grand Covington, a 216-unit attainable multifamily community located at 8000 Revolution Way in Covington, about 36 miles east of Atlanta. Pointe Grand Covington features two-bedroom residences with modern finishes, smart home technology and in-unit amenities, such as full-size washers and dryers, digital keyless entry and private patios or balconies. Community amenities at the pet-friendly property include a resort-style swimming pool, fitness center, pickleball court, electric vehicle charging stations and a variety of indoor and outdoor gathering spaces.

July 1, 2026

Development Multifamily New York Northeast

Partnership Breaks Ground on 213-Unit Multifamily Project in Brooklyn

by Taylor Williams July 1, 2026

NEW YORK CITY — A joint venture between Slate Property Group and Thorobird Cos. has broken ground on a 213-unit multifamily project in Brooklyn. Designed by Think! Architecture + Design PLLC, the building will be located on a city-owned site at 570 Eldert Lane in the borough’s Cypress Hills area. Of the 213 units, which will come in one-, two-, three- and four-bedroom floor plans, 66 will be set aside for formerly homeless residents. The remaining units will be reserved for households earning between 40 and 80 percent of the area median income. Completion is slated for summer 2028, with full occupancy planned for 2029.

July 1, 2026

Development Industrial Texas

Constellation Breaks Ground on 492,624 SF Industrial Project in South Fort Worth

by Taylor Williams June 30, 2026

FORT WORTH, TEXAS — Constellation Real Estate Partners has broken ground on a 492,624-square-foot industrial project in South Fort Worth. The site at 5933 South Freeway spans 44 acres, and the project, which will be known as Constellation Summit 35, will feature 40-foot clear heights and parking for 296 cars and 194 trailers. Constellation has tapped KBC Advisors as the leasing agent. Construction is expected to be complete in the third quarter of next year.

June 30, 2026

Affordable Housing Development Multifamily Seniors Housing Texas

Partnership to Develop 90-Unit Affordable Seniors Housing Project in Houston

by Taylor Williams June 30, 2026

HOUSTON — A partnership between The NHP Foundation, Trinity East Village Community Development Corp. and Housing Alliance HTX, will develop an affordable seniors housing project in Houston. Trinity East Senior Village, the property will comprise 90 units for residents age 55 and older in the city’s Third Ward neighborhood. Construction is scheduled to begin this summer, with the opening scheduled for 2027. NRP Construction will serve as the general contractor for the project.

June 30, 2026

Affordable Housing Development Multifamily Texas

Housing Trust Group Completes 56-Unit Affordable Housing Conversion in Lubbock, Texas

by Taylor Williams June 30, 2026

LUBBOCK, TEXAS — Housing Trust Group has completed an affordable housing conversion project in the West Texas city of Lubbock. The project transformed the historic, vacant Jim Kimmel Center, which was originally constructed in 1964 as a 91-room motel, into a complex with 56 units that are reserved for households earning between 30 and 80 percent of the area median income. Schmidt & Stuart Architects designed the project, which also involved the demolition of a restaurant and gas station on the site.

June 30, 2026

Development Georgia Southeast Student Housing

Landmark Properties, Paceline Break Ground on 656-Bed Off-Campus Student Housing Community Near Kennesaw State University

by Abby Cox June 30, 2026

KENNESAW, GA. — Landmark Properties and an affiliate of Paceline Equity Partners have broken ground on The Standard at Kennesaw, a 656-bed, off-campus student housing community located less than a mile from Kennesaw State University in metro Atlanta. Landmark Construction, the in-house general contractor for Landmark Properties, will serve as general contractor for the five-story building. Niles Bolton Associates will serve as architect, while Eberly & Associates will serve as structural engineer. Construction will begin immediately and is expected to be completed for the 2028-2029 academic year. The Standard at Kennesaw will offer 157 units in studio through six-bedroom configurations. Amenities at the community will include a resort-style rooftop pool deck with a jumbotron; a grilling area and firepits; clubhouse; fitness center and sauna; golf simulator; open-air courtyards; a study lounge with a café; bike storage rack; parking deck; and more than 11,000 square feet of recreation space. The community will also offer 559 parking spaces and access to an off-campus shuttle bus.

June 30, 2026

Development Industrial New Jersey Northeast Self-Storage

JLL Arranges Construction Financing for 709-Unit Self-Storage Facility in Hillsborough, New Jersey

by Taylor Williams June 30, 2026

HILLSBOROUGH, N.J. — JLL has arranged an undisclosed amount of construction financing for a 709-unit self-storage facility that will be located in the Northern New Jersey community of Hillsborough. The site spans 8.6 acres at 35 Bedle St., and the facility will feature 76,119 net rentable square feet of climate-controlled space. Michael Klein, Nazario Paragano and Michael Donohoe of JLL arranged the financing through Provident Bank on behalf of the developer, Shadowbrook Capital. Extra Space Storage will operate the facility. Completion is slated for 2027.

June 30, 2026

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