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Development

Knox-&-McKinney-Dallas
DevelopmentOfficeRetailTexas

Joint Venture Breaks Ground on 300,000 SF Office, Retail Project in Uptown Dallas

by Taylor Williams

DALLAS — A joint venture that includes BDT & MSD Partners, Trammell Crow Co. and The Retail Connection has broken ground on Knox & McKinney, a 300,000-square-foot office and retail project in Uptown Dallas. Situated two blocks west of the joint venture’s larger, 1 million-square-foot mixed-use development, the 12-story building will consist of 280,000 square feet of office space and 20,000 square feet of retail and restaurant space. Amenities will include a fitness center, tenant lounge and private bar, multiple terraces and conference/boardroom facilities. Law firm Jones Day has preleased 76,000 square feet of space at Knox & McKinney as the future anchor tenant. Pickard Chilton Architects and HKS Architects are designing Knox & McKinney, and DPR Construction is serving as the general contractor. Trey Morsbach, Jim Curtin, Rex Cruz and Obi Eboh of JLL arranged an undisclosed amount of construction financing for the project through Goldman Sachs Alternatives. Completion is slated for 2028.

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DevelopmentNew HampshireNortheastRetail

Village Center Properties Completes 8,700 SF Retail Project in Windham, New Hampshire

by Taylor Williams

WINDHAM, N.H. — New Hampshire-based Village Center Properties has completed an 8,700-square-foot retail project in Windham, located near the Massachusetts-New Hampshire border. Known as Village Center Place, the project comprises three spaces, two of which have been leased. The remaining, 3,250-square-foot restaurant space includes patio seating. Sperry Commercial Realty Associates is the property’s leasing agent.

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DevelopmentGeorgiaSeniors HousingSoutheast

JCCG Selected to Develop 125 Independent Living Homes in Milledgeville, Georgia

by Abby Cox

MILLEDGEVILLE, GA. — Jim Chapman Construction Group (JCCG), a Southeast-based general contractor specializing in build-to-rent (BTR) communities, has been selected to build 125 single-family rental (SFR) homes at Higher Ground, a new 42-acre, independent living community in Milledgeville. Developed by BLDG Real Estate, Higher Ground is planned to complement the adjacent Fellowship Meriwether Assisted Living Community, providing residents with access to existing amenities, while supporting a “greater level of independence.” Upon completion of the project, The Fellowship Family, a fourth-generation, family-owned firm specializing in senior living communities across the Southeast, will manage the community. Land development of the community’s first phase of 91 homes began in November 2025, and vertical construction is scheduled for June. Leasing is expected to begin in September, with project completion anticipated by January 2027. Homes will range in size from approximately 1,007 to 1,294 square feet.

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480-H-St-Chula-Vista-CA
CaliforniaDevelopmentHealthcareWestern

Pacific Building Group Completes 75,000 SF Sharp Rees-Stealy Medical Office Building in Chula Vista

by Amy Works

CHULA VISTA, CALIF. — Pacific Building Group has completed construction of Sharp Rees-Stealy Chula Vista, a medical office building in Chula Vista. The project was developed by PMB, in partnership with Sharp Rees-Stealy Medical Group. HGW Architecture designed the property. Located at 480 H St., the three-story, 75,000-square-foot facility houses a variety of outpatient services, including primary and specialty care, urgent care, physical therapy, radiology, cardiology, neurology and laboratory and pharmacy departments. The property is connected via a covered bridge to a 127,000-square-foot, 375-stall parking structure.

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DevelopmentIllinoisLoansMidwestMultifamily

Draper and Kramer Provides $64.8M HUD-Insured Construction Loan for Chicago Apartment Project

by Kristin Harlow

CHICAGO — Draper and Kramer Inc. has provided a $64.8 million HUD 221(d)(4) construction loan on behalf of Riverside Investment & Development for a new 12-story, 199-unit apartment building at 566 W. Van Buren St. in Chicago’s West Loop. Matt Wurtzebach, Dave Tomfohrde, Bill Barry, Jeff Ross and Kevan Briscoe of Draper and Kramer originated the loan, which features a fixed interest rate with interest-only payments during construction and converts to a fully amortizing 40-year permanent loan after year 10. The $85 million project is slated for delivery in 2027.

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Build-to-RentDevelopmentMidwestOhioSingle-Family Rental

Stark Enterprises to Break Ground on 120-Unit Build-to-Rent Community in Metro Columbus

by Kristin Harlow

CANAL WINCHESTER, OHIO — Stark Enterprises is scheduled to break ground this spring on Lock Pointe Village, a 120-unit luxury build-to-rent community in the Columbus suburb of Canal Winchester. The land acquisition is complete, and the development is fully capitalized. The project will include 37 buildings and amenities such as a clubhouse, fitness center, pool, sport court and dog park. Lease-up is expected to begin in early 2027, with the first homes delivering that spring. Arbor Construction, the construction arm of Stark Enterprises, will serve as the builder.

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DevelopmentMixed-UseTexas

Craig International to Develop 189-Acre Mixed-Use Project in Denison, Texas

by Taylor Williams

DENISON, TEXAS — Craig International will develop a 189-acre mixed-use project in the North Texas city of Denison. The Denison Development Alliance selected the locally based firm to lead development of the site at the intersection of U.S. Highway 75 and FM 84, which the municipal entity envisions as the “gateway” to Craig International’s $6 billion Preston Harbor master-planned community. Specific commercial and residential plans and uses for the site have not yet been announced. The project will move forward in phases, beginning with collaborative planning between Craig International and the City of Denison to refine the site plan, align on a long-term vision and recruit anchor users.

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Red-Oaks-Austin
Affordable HousingDevelopmentMultifamilyTexas

Housing Trust Group Completes $26M Affordable Housing Project in Northwest Austin

by Taylor Williams

AUSTIN, TEXAS — Miami-based Housing Trust Group (HTG) has completed Red Oaks, a $26 million affordable housing community in northwest Austin. Red Oaks features 70 units that are reserved for households earning up to 30, 50 and 60 percent of the local area median income. Amenities include a pool, fitness center, playground, outdoor grilling areas, a dog park, clubroom and package lockers. HTG partnered with nonprofit group AM Affordable Housing and locally based consulting firm Thoman & Butler on the project. Bank of America provided a $15.6 million construction loan for the project, and the capital stack also included $16 million in Low-Income Housing Tax Credits that were allocated by the Texas Department of Housing and Community Affairs and syndicated through Raymond James.

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AcquisitionsDevelopmentMultifamilyNortheastPennsylvaniaSeniors Housing

Kislak Negotiates $7.9M Sale of Seniors Housing Development Site in Millersville, Pennsylvania

by Taylor Williams

MILLERSVILLE, PA. — New Jersey-based brokerage firm The Kislak Co. Inc. has negotiated the $7.9 million sale of a seniors housing development site in Millersville, a suburb of Lancaster. The 67-acre site at 306 S. Duke St. is the future home of a 420-unit, age-restricted community that will be known as The Village at Funk’s Farms. Plans for the project also include a healthcare facility with up to 75 beds. Matt Wolf of Kislak represented the seller, HHF Real Estate, in the transaction and the buyer, Burkentine Builders.

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4Ward Logistics Center
AcquisitionsDevelopmentFloridaIndustrialSoutheast

GTIS Partners Acquires 116 Acres in Tampa to Develop 4Ward Logistics Center

by Abby Cox

TAMPA, FLA. — New York City-based GTIS Partners has acquired approximately 116 acres in Tampa to develop 4Ward Logistics Center, an industrial development that will span 382,500 square feet across two rear-load distribution buildings. Situated near I-4 in the East Tampa submarket, the site benefits from two nearby interchange access points, providing immediate access to local and regional logistics corridors, as well as direct connectivity to Port Tampa Bay. 4Ward Logistics Center is expected to be delivered in the second half of 2027. JLL will handle leasing and marketing for the project.

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