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The-Noc-Frisco
DevelopmentMultifamilyTexas

Wilks Development Underway on 187-Unit Multifamily Project at Firefly Park in Frisco

by Taylor Williams

FRISCO, TEXAS — Wilks Development, the master developer behind the 217-acre Firefly Park mixed-use development in Frisco, is underway on construction of The Noc, a 187-unit multifamily project. Designed by Hord | Coplan | Macht, The Noc will offer studio, one-, two- and three-bedroom floor plans. Amenities will include a pool, fitness center, coworking and conference spaces, a dog spa and a resident lounge with golf simulators. Andres Construction is the general contractor for the project, construction of which is being financed through a HUD-insured loan that was originated by San Antonio-based Mason Joseph Co. Vertical construction began in late September, and completion is slated for fall 2027.

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DevelopmentIndustrialNortheastPennsylvania

Ecopax to Open 104,238 SF Industrial Facility in Bethlehem, Pennsylvania

by Taylor Williams

BETHLEHEM, PA. — Ecopax LLC, a locally based manufacturer of food packaging products, will open a 104,238-square-foot industrial facility in the Lehigh Valley city of Bethlehem. The property at 1355 Easton Road will complement an existing 315,643-square-foot manufacturing and warehousing facility and will feature six new loading docks and 12 additional truck parking spaces. Local company J.G. Petrucci Co. is developing the facility. An tentative construction completion date was not announced.

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DevelopmentFloridaRetailSoutheast

EDENS Breaks Ground on Redevelopment of Shadowood Square Shopping Center in Boca Raton

by John Nelson

BOCA RATON, FLA. — EDENS has begun the overhaul of Shadowood Square, a shopping center located at 9887 Glades Road in Boca Raton. The development firm is demolishing a portion of the center, now rebranded as Shadowood, that once housed a movie theater to make way for five new retail buildings totaling 49,330 square feet. The new buildings will be connected by a 25-foot-wide promenade and public green space. Additionally, three existing retail buildings totaling 60,557 square feet will be fully renovated, and placemaking elements including brightened facades, signage and wayfinding, paseos, public art and outdoor seating will be installed. EDENS has signed lease agreements with J. Crew Factory, Joe and the Juice and Maman to join the tenant roster. Blo Blow Dry Bar, Dave’s Hot Chicken are Nomu Sushi & Pub recently opened at Shadowood. The construction phase is expected to last between 18 and 24 months, with the last phase of new retail opening in late 2027.

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Friendship-Village-Tempe-AZ
ArizonaDevelopmentMultifamilySeniors HousingWestern

LCS Development Underway on Third Phase of Renovations at 50-Acre CCRC in Tempe, Arizona

by Amy Works

TEMPE, ARIZ. — LCS Development is underway on the third phase of a master-planned renovation at Friendship Village Tempe, a 50-acre continuing care retirement community located in Tempe.  Construction has begun on the phase, which will include the removal of an existing structure and the addition of a new, five-story building. Upon completion, which is planned for the fourth quarter of 2027, the building will total 175,900 square feet with 69 independent living apartments, two guest suites and below-grade parking. Units in the building will range in size from 909 to 2,396 square feet. Amenities will include a Del Fuego restaurant and lounge, duckpin bowling lanes, a spa and clinic space, clubrooms and a group exercise area. The building will also offer access to amenities located within other parts of the campus, which include rooftop pickleball courts and Starfire, a full-service rooftop restaurant and microbrewery.  Friendship Village Tempe was originally built in 1980, with the revitalization project beginning in 2019. Ryan Cos. US Inc. is serving as the general contractor for all phases of the renovation. Ryan A+E, the design studio of Ryan Cos., has served as the architect for all three phases. Six total phases of renovation are planned at …

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Data CentersDevelopmentIndustrialMidwestWisconsin

Vantage Data Centers, Wisconsin Building Trades Council Partner on $15B Port Washington Campus

by Kristin Harlow

PORT WASHINGTON, WIS. — Vantage Data Centers and the Wisconsin Building Trades Council have partnered to build the previously announced Lighthouse data center campus in Port Washington, a northern Milwaukee suburb located along Lake Michigan. The $15 billion-plus, privately funded investment will require a workforce of more than 4,000 skilled construction workers over a three-year period and will rely on local union labor to the fullest extent possible. The new campus, part of OpenAI and Oracle’s Stargate expansion, will feature four data centers. Completion is slated for 2028. Once complete, Vantage and Oracle will create more than 1,000 long-term jobs and thousands more indirect jobs. Lighthouse is designed to preserve local resources, support new clean energy resources and advance environmental stewardship.

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CivicDevelopmentMidwestMinnesota

Kraus-Anderson Completes $42.3M Revitalization of Woodbury Central Park in Minnesota

by Kristin Harlow

WOODBURY, MINN. — Kraus-Anderson has completed a $42.3 million revitalization of Woodbury Central Park, which is located at 8595 Central Park Place in Woodbury. Designed by HGA Architects, the three-story, 62,708-square-foot project included enclosing the existing amphitheater, a new multipurpose space addition, expanded public gathering areas and an updated Lookout Ridge indoor playground. Improvements also increased parking and pedestrian access, added art installations and space for public art and enhanced accessibility with ADA updates. Sustainability was a core focus of the project, including the integration of a Darcy Geothermal Well system, solar energy and other energy-efficiency initiatives to reduce environmental impact and operating costs. Construction began in April 2024.

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DevelopmentFloridaLoansMultifamilySoutheastTop Stories

SCALE Lending Provides $460M in Financing for Two-Tower Apartment Project in Downtown Miami

by Kristin Harlow

MIAMI — SCALE Lending, the debt financing arm of New York City-based Slate Property Group, has provided a $460 million cross-collateralized facility on behalf of the Namdar Group for two adjacent apartment towers under development in downtown Miami. The facility will comprise a $230 million bridge loan for the completion and lease-up of 55 N.E. 2nd Street (Phase I), which contains 680 multifamily units across 358,000 square feet; and a $230 million loan for the ground-up construction of 50 N.E. 3rd Street (Phase II), which comprises 714 apartment units across 395,000 square feet. The two 43-story towers will be connected from the first through eighth floors upon completion. Phase I is slated for completion in the first quarter of 2026. Construction of Phase II commenced in September 2025, with completion estimated for spring 2028. Units range in size from studios to two-bedroom layouts. A connected garage on the second through sixth floors will include 269 parking spaces, and the ground floor will feature 7,100 square feet of retail space. Combined, the buildings will include 62,000 square feet of amenity spaces on the seventh and eighth floors to be shared by tenants of both towers. Both buildings will offer gyms, golf …

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Artis-Montrose-Houston
DevelopmentMultifamilyTexas

Southeastern Breaks Ground on 330-Unit Multifamily Redevelopment Project in Houston

by Taylor Williams

HOUSTON — Georgia-based developer Southeastern has broken ground on a 330-unit multifamily redevelopment project in the Montrose neighborhood of Houston. Artis Montrose will convert the site of the former “Disco Kroger” into a seven-story apartment building that will feature one- and two-bedroom units that will range in size from 549 to 1,607 square feet. Amenities will include a pool, leasing office, pet spa, outdoor workspaces, grilling stations, a clubroom, cyber lounge and a Zen garden. DCS Design is the project architect, and Arch-Con Corp. is the general contractor. The first units are expected to be available for occupancy in late 2027.

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DevelopmentRetailTexas

Partners Capital Completes Restoration of Westcliff Shopping Center in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Partners Capital, the investment platform of Partners Real Estate, has completed a partial renovation of Westcliff Shopping Center, a 134,750-square-foot grocery-anchored center in Fort Worth. The project revitalized a 22,000-square-foot portion of the retail center’s facade, restoring its original character while introducing modern updates. Originally built in 1955 on 10 acres, Westcliff Shopping Center is home to tenants such as Albertsons, Ace Hardware, HOTWORX, Dollar General and Café Bella.

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Prescott-Post-Portsmouth-New-Hampshire
DevelopmentLoansMultifamilyNew HampshireNortheast

JLL Arranges $96.8M Construction Loan for Southern New Hampshire Multifamily Project

by Taylor Williams

PORTSMOUTH, N.H. — JLL has arranged a $96.8 million construction loan for Prescott Post, a 360-unit multifamily project that will be located in the southern New Hampshire city of Portsmouth. The site spans 26 acres, about 10 percent of which will be preserved as green communal space. Prescott Post will feature three- and four-story residential buildings that will house a mix of unit types. Amenities will include multiple clubrooms, coworking spaces, an indoor/outdoor fitness suite with a yoga studio, outdoor kitchens, fire pits and a dog run with a pet washing station. Brett Paulsrud, Andrew Gray and Hugh Doherty of JLL arranged the loan through Truist Bank on behalf of the developers, a partnership between Boston-based Eastern Real Estate and The Kane Co. Completion is slated for late 2027.

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