Development

Fairfield Residential Completes 340-Unit Multifamily Project in Houston’s Montrose District

by Taylor Williams August 10, 2026

HOUSTON — Fairfield Residential has completed 1010 Waugh, a 340-unit multifamily project in Houston’s Montrose district. Designed by Dallas-based KTGY, the 14-story building offers studio, one- and two-bedroom units that range in size from 539 to 1,612 square feet. Residences are furnished with stainless steel appliances, quartz countertops and individual washers and dryers, with select units offering private balconies/patios. Amenities include a pool, fitness center, golf simulator, sky lounge, coworking space, conference rooms and a game room. Rents start at roughly $1,800 per month for a studio apartment.

August 10, 2026

Affordable Housing California Development Multifamily Western

USA Properties Fund, Irvine Co. Break Ground on 338-Unit Affordable Housing Community in Tustin, California

by Amy Works August 10, 2026

TUSTIN, CALIF. — USA Properties Fund, in partnership with Irvine Co., has broken ground on Terracina at Tustin Legacy, a 338-unit affordable housing community located southeast of Anaheim in Tustin. The community sits within a 1,600-acre master-planned development that is a redevelopment of a former Marine Corps Air Station. Terracina at Tustin Legacy will feature two four-level buildings at 2265 Airship Ave. and 16055 Compass Ave., each featuring one-, two- and three-bedroom apartments, as well as a clubhouse, pool and parking garage. Completion is slated for the second quarter of 2029.

August 10, 2026

Arizona Development Multifamily Western

Garrett Cos. Completes 248-Unit Multifamily Project in Mesa, Arizona

by Amy Works August 10, 2026

MESA, ARIZ. — Garrett Cos. has completed construction of Emblem Mesa, a 248-unit multifamily project located at 1340 S. 48th St. in Mesa’s East Valley submarket. Situated on 14.3 acres, the garden-style development features 13 two- and three-story residential buildings with detached garages and covered parking distributed throughout the site. Designed by Ware Malcomb, the property’s one-, two- and three-bedroom apartments range between 793 square feet and 1,359 square feet with open-concept layouts, private outdoor spaces and kitchens with stainless steel appliances, quartz countertops, wood-style flooring and oversized closets. Community amenities include a resort-style pool, fitness center and a clubhouse.

August 10, 2026

Development Industrial Midwest Ohio

Partnership Breaks Ground on 959,579 SF Spec Industrial Facility in Columbus, Ohio

by Kristin Harlow August 10, 2026

COLUMBUS, OHIO — Trident Capital Group and O’Connor Capital Partners have closed a joint venture with Clarion Partners for the third phase of Rickenbacker Industrial Center in Columbus. The 959,579-square-foot speculative industrial facility will be located at 1669 Rohr Road. Construction has begun, and completion is slated for the first quarter of 2027. Situated on 57.3 acres, the project will feature a clear height of 40 feet, 104 dock doors, 238 trailer stalls and 336 car parking spaces. The project sits within a designated Qualified Opportunity Zone and carries a 15-year, 75 percent property tax abatement. Located within the broader Rickenbacker industrial corridor, the building will offer direct rail access alongside proximity to Rickenbacker International Airport, the Norfolk Southern Rickenbacker Intermodal Terminal and I-270. Dan Wendorf, Brian Marsh and Joseph Davis of JLL are marketing the building for lease.

August 10, 2026

Development Leasing Activity Midwest Missouri Restaurant Retail

Texas Roadhouse to Open at Olive Crossing in Olivette, Missouri

by Kristin Harlow August 10, 2026

OLIVETTE, MO. — Texas Roadhouse will open at Olive Crossing in the St. Louis suburb of Olivette. Keeley Properties and KEAT Properties are developing Olive Crossing, a mixed-use project spanning 14.8 acres that is currently home to The Clover luxury apartments and a retail lineup including Aldi, Paris Baguette, Tropical Smoothie Café, Verizon and The Brass Tap. Construction details and the anticipated opening timeline for Texas Roadhouse will be announced as they become available.

August 10, 2026

Arizona Development Retail Western

Safeway Opens 64,000 SF Grocery Store at Mixed-Use Development in Metro Phoenix

by Amy Works August 10, 2026

GILBERT, ARIZ. — Grocer Safeway has opened a 64,000-square-foot store at The Gilmore, a 35-acre mixed-use development by Thompson Thrift that is located in the Phoenix suburb of Gilbert. Safeway will anchor the $225 million project, which is set to feature 300 luxury apartments, a hotel and roughly 200,000 square feet of boutique shopping, dining and public gathering spaces. Additional retail and restaurant tenants will include Better Buzz Coffee, Handel’s Ice Cream, Jersey Mike’s, Nook Kitchen, Over Easy, EDO Japan, Rebel Wine Lounge, Phantom Fox Brewery, Outcast Doughnuts, Level 1 Arcade Bar, Sweathouz and Honey Go Nails. Retail spaces at The Gilmore are expected to begin opening in late 2026, while residential move-ins and the overall project rollout will stretch into early 2027.

August 10, 2026

Development Multifamily New Jersey Northeast

Partnership Begins Leasing 477-Unit Apartment Community in Jersey City

by Taylor Williams August 10, 2026

JERSEY CITY, N.J. — A partnership between LanTree Developments, Altree Developments Inc., Lanterra Developments Inc. and Westdale Properties, has begun leasing West Side Square, a 477-unit apartment community in Jersey City. West Side Square houses 203 studios, 232 one-bedroom units, 29 two-bedroom apartments and 10 three-bedroom residences, as well as 9,841 square feet of retail space. Residences are furnished with vinyl plank flooring, quartz countertops, stainless steel appliances, modern cabinetry, subway tile backsplashes, in-unit full-size washers and dryers, and walk-in closets. Select units offer private terraces. Amenities include an outdoor deck with a pool and grilling stations, fitness center, coworking space, a community room and a dog run. Bravo Property Trust financed construction of the project, which began in late 2023.

August 10, 2026

Development Industrial Texas Top Stories

SpaceX to Build $16.8B, 100 MSF Semiconductor Manufacturing Plant in Grimes County, Texas, Create 3,000 Jobs

by Taylor Williams August 10, 2026

GRIMES COUNTY, TEXAS — Space Exploration Technologies Corp. (SpaceX) will build a semiconductor manufacturing plant in Grimes County, located northwest of Houston. The first phase of the project represents a capital investment of $16.8 billion and is expected to create about 3,000 new jobs within the local economy. The office of Texas Gov. Greg Abbott made the announcement late last week, noting that the state had provided SpaceX with a $30 million Texas Enterprise Fund (TEF) grant in association with the project, which will be known as Terafab. The facility is planned to span more than 100 million square feet under a single roof, which would make it the largest structure in the world. A construction timeline was not announced. Founded in 2002 by Elon Musk, SpaceX already houses its global headquarters and Starbase launch facilities in South Texas’ Cameron County. The company also operates a semiconductor research-and-development (R&D) and advanced packaging facility in Bastrop, about 30 miles southeast of Austin, for its Starlink satellite platform. “The first-of-its-kind Terafab facility will accelerate chip production in Texas at an unprecedented scale, create thousands of good-paying jobs in Grimes County and expand economic opportunity for generations of Texans across southeast Texas and …

August 10, 2026

Development Multifamily Student Housing Texas

Adolfson & Peterson Completes Renovation of Residence Hall at University of Texas San Antonio

by Taylor Williams August 7, 2026

SAN ANTONIO — General contractor Adolfson & Peterson Construction (AP) has completed the renovation of Chisholm Hall, located on the University of Texas at San Antonio (UTSA) campus. The number of beds was not disclosed, but 267 rooms were impacted. The 120,860-square-foot residence hall features two fully furnished layout options, including double- and triple-occupancy rooms. Designed by Chesney Morales Architects, the renovation featured modernized building systems, upgraded resident bathroom vanity areas, newly installed acoustical ceilings and lighting and new mechanical unit ventilators and hallway ductwork.

August 7, 2026

Acquisitions Affordable Housing Development Multifamily New York Northeast

Tredway Buys Brooklyn Affordable Housing Property for $41.5M, Plans Renovations

by Taylor Williams August 7, 2026

NEW YORRK CITY — Local owner-operator Tredway has purchased Restore Housing, a 138-unit affordable housing property in Brooklyn’s Bedford-Stuyvesant neighborhood, for $41.5 million with plans to implement renovations. Units at the property are reserved for households earning 60 percent or less of the area median income. Capital improvements, which will serve to preserve the property’s affordability status, will cover units’ kitchens, bathrooms, appliances and flooring, as well as the building’s common spaces. Merchants Capital provided financing for both the purchase and renovations.

August 7, 2026

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