Development

Hanover Industrial, Pearlmark Break Ground on 254,000 SF Project in North Houston

by Taylor Williams November 17, 2025

HOUSTON — A partnership between Hanover Industrial, a division of Houston-based owner-operator Hanover, and Chicago-based Pearlmark has broken ground on Ella 45, a 254,000-square-foot project in North Houston. Located just west of I-45, the 19-acre development will feature 36-foot clear heights and a front-load configuration. Powers Brown is the project architect, and Kimley-Horn is the civil engineer. CBRE is the leasing agent. Construction is expected to be complete in the second quarter of 2026.

November 17, 2025

California Development Multifamily Western

Sudberry Properties Opens 200-Unit The Brynn Apartment Community in San Diego

by Amy Works November 17, 2025

SAN DIEGO — Sudberry Properties has opened The Brynn, the fourth apartment community at its 230-acre Civita at Mission Valley in San Diego. Situated on 3.3 acres at 2525 Via Alta, the property features 200 one-, two- and three-bedroom apartments in 19 floor plan options, ranging in size from from 612 square feet to 1,455 square feet. Units feature private patios or balconies, nine-foot ceilings, hardwood-style flooring in main areas, carpeting in bedrooms, fully equipped kitchens with LG Energy Star stainless steel appliances, quartz countertops and full-size washers/dryers. Community amenities include a pool and spa area with barbecues, lounges and fire pits, an indoor/outdoor bar, a recreation center, courtyards and a fitness studio with cardio equipment and strength training options. Additionally, The Brynn is linked to Civita Park amenities via a short trail. The project team includes Rockwood Construction, Architects Orange, RICK and Design Tec Inc. Sudberry Properties will provide property management services for The Brynn at Civita.

November 17, 2025

Acquisitions Colorado Development Multifamily Western

Garrett Cos. Acquires 12.6-Acre Parcel in Englewood, Colorado for Multifamily Development

by Amy Works November 17, 2025

ENGLEWOOD, COLO. — Colorado-based The Garrett Cos. has acquired a 12.6-acre development site at 8600 S. Valley Highway in Englewood, from Grace Chapel for an undisclosed price. The buyer is developing Garrett Park Meadow, a 317-unit apartment property on the site. Currently under construction, the community will feature a clubhouse with full amenities and six four-story residential buildings with a mix of one-, two- and three-bedroom units. Eric Roth, Martin Roth and Chris Cowan of CBRE represented the seller in the deal.

November 17, 2025

Development Iowa Loans Midwest Multifamily

HSF Originates $108M Construction Loan for Des Moines Apartment Tower

by Kristin Harlow November 17, 2025

DES MOINES, IOWA — Dallas-based HALL Structured Finance (HSF) has provided a $108 million first lien construction loan for 515 Walnut Tower in downtown Des Moines. St. Joseph Group is the borrower and developer. Richard Price and Jackie Meagher of Berkadia arranged the loan. The project will rise 33 stories with 390 apartment units. A central amenity “lodge” will offer fitness, coworking, lounge and entertainment areas, including a rooftop terrace with hot tubs and cooking space. The second floor will feature a 4,000-square-foot fitness center as well as sky walk connections to an adjacent parking garage.

November 17, 2025

Development Illinois Midwest Multifamily

Hines Breaks Ground on 306-Unit Apartment Complex in Naperville, Illinois

by Kristin Harlow November 17, 2025

NAPERVILLE, ILL. — Hines has broken ground on 1200 Diehl Road in the Chicago suburb of Naperville. The five-story apartment complex will include 306 units and 15,000 square feet of retail space. The development was partially funded through Hines U.S. Direct Investments. Units will range from studios to three-bedroom layouts. Amenities will include a pool deck, coworking lounge, clubroom, golf simulator, fitness center and walking path. Freedom Commons, a 160,000-square-foot shopping center, sits adjacent to the property. The submarket has received no new institutional multifamily supply since 2022, according to David Bach, senior managing director at Hines. PNC provided a $66 million construction loan for the development, according to Crain’s Chicago Business.

November 17, 2025

Development Illinois Loans Midwest Retail

Associated Bank Provides $11.7M Construction Loan for Retail Center in Metro Chicago

by Kristin Harlow November 17, 2025

BANNOCKBURN, ILL. — Associated Bank has provided an $11.7 million loan to GTZ Properties for the development of a four-building, multi-tenant retail center on a vacant parcel at 1300 Half Day Road in Bannockburn. The 23,864-square-foot project is situated on a 5.3-acre corner lot adjacent to a Mariano’s grocery store and across the street from a Heinen’s grocery store. The development is 93 percent preleased with one space remaining. Signed leases include Wells Fargo Bank, Chipotle, Heart Certified Auto Care, Just Salad and a nail salon. The Gardner School is purchasing a parcel to develop the fifth building on the property as an early childhood education center. Completion of the retail center is slated for summer 2026. Daniel Barrins of Associated Bank handled the loan arrangements and closing.

November 17, 2025

Civic Development Kansas Midwest

Kansas Children’s Discovery Center Opens $11.6M Addition in Topeka

by Kristin Harlow November 17, 2025

TOPEKA, KAN. — The Kansas Children’s Discovery Center, Topeka’s nonprofit children’s museum, has opened an $11.6 million expansion project that more than doubled the size of the facility from 15,000 to over 30,000 square feet. The expansion includes three large gallery spaces, three learning lab classrooms, a makerspace, café, exhibit construction workshop and other spaces. The Sunflower Gallery is anchored by an indoor climbing structure, the tallest climbable sunflower in the world at two stories tall, according to a release. Surrounding the climber, visitors will find educational exhibits celebrating Kansas symbols. The gallery also features murals by local artist Sarah O’Keefe, Queren King Orozco and children from Shawnee Heights Elementary School. The Hall of Bright Ideas celebrates creative Kansans, including historical inventors and Kansas children. The gallery includes an art installation, hand-cranked generator, illumination station and children’s stage. A 3,000-square-foot traveling exhibit gallery enables the museum to host any traveling exhibit from around the country. The first traveling exhibit is inspired by the art of children’s book author and illustrator Eric Carle. Three new learning lab classrooms create space for STEAM-based childcare for school-age children. STEAM refers to science, technology, engineering, arts and math. These indoor-outdoor learning spaces connect a …

November 17, 2025

Affordable Housing Development Multifamily Texas

JPI Breaks Ground on $103M Workforce Housing Community in Denton

by Taylor Williams November 14, 2025

DENTON, TEXAS — JPI has broken ground on Jefferson Quail Creek, a $103 million workforce housing project that will be located in the North Texas city of Denton. Jefferson Quail Creek will offer 415 units in one-, two- and three-bedroom floor plans. Rent restrictions were not disclosed. Amenities will include a pool, courtyard with grilling stations, beer garden with an outdoor kitchen, clubroom with a café, a resident lounge with TVs and gaming stations, an indoor-outdoor fitness center and yoga studio and an enclosed dog park. The first units are expected to be available for occupancy in the mid-2027.

November 14, 2025

Development Multifamily North Carolina Southeast

Northwood Debuts 26-Story Oro Ballantyne Residential Tower in South Charlotte

by Abby Cox November 14, 2025

CHARLOTTE, N.C. — Northwood has debuted Oro Ballantyne, a 316-unit luxury residential tower situated within The Bowl at Ballantyne mixed-use development in south Charlotte. Oro Ballantyne spans 26 floors with studio to three-bedroom apartment options, as well as townhome and penthouse layouts. Apartments range in size from 616 to 2,109 square feet. Monthly rental rates begin at $1,570. Amenities include the top-floor sky lounge, a hidden speakeasy called The Rhapsody Room, a golf and gaming simulator, resort-style swimming pool with cabanas, outdoor entertainment areas and coworking spaces. Northwood Office, in partnership with StreetLights Residential, developed the property. SK+I Architecture led the building’s design, while Samet Corp. served as the general contractor.

November 14, 2025

Development Florida Multifamily Southeast

Thompson Thrift Opens 279-Unit Stadler Apartment Community in Bradenton, Florida

by Abby Cox November 14, 2025

BRADENTON, FLA. — Thompson Thrift has recently hosted a ribbon cutting ceremony for The Stadler, a 279-unit luxury apartment complex located at 7120 Henry Drive in Bradenton. The Stadler offers one-, two- and three-bedroom apartments up to 1,445 square feet in size. Monthly rental rates range from $1,490 to $3,125, according to Apartments.com. Community amenities include a 24-hour fitness center, pickleball court, dog park with pet spa and grooming station, a covered sky deck and a lazy river-style swimming pool. The Stadler is situated on the southern border of the Lake Flores master-planned community, a mixed-use development that will encompass nearly 1,300 acres and feature 6,500 homes, 2 million square feet of retail, 1 million square feet of office space, 500 hotel rooms and a 19-acre man-made lake, upon completion.

November 14, 2025

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