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DevelopmentHospitalityLouisianaMixed-UseRestaurantRetailSoutheast

Cordish to Open $270M Live! Casino & Hotel in Louisiana in February

by John Nelson

BOSSIER CITY, LA. — The Cordish Companies has set the opening date for its $270 million Live! Casino & Hotel Louisiana — Thursday, Feb. 13, pending approval from the Louisiana Gaming Control Board. The Baltimore-based company launched bookings at the Bossier City hotel last Friday, almost exactly a full year after breaking ground. Additionally, tickets are now on sale for a slate of shows/concerts at the development’s Event Center at Live! Situated along the Red River near Shreveport, La., the Live! Casino & Hotel Louisiana will feature more than 47,000 square feet of gaming space; a sportsbook for live betting on sporting events; an upscale 550-room hotel with a resort-style pool and fitness center; 25,000-square-foot events center; structured and surface parking; a 31-site RV park; and 30,000 square feet of dining and entertainment venues, including Cordish brands Sports & Social, PBR Cowboy Bar and Luk Fu, as well as Ridotto Grand Café and The Prime Rib steakhouse.

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DevelopmentMultifamilySouth CarolinaSoutheast

Woodfield Delivers 227-Unit Goddard Point Hope Apartments in Charleston

by John Nelson

CHARLESTON, S.C. — Woodfield Development has delivered Goddard Point Hope, a 227-unit apartment community located at 1000 Point Hope Parkway in Charleston. The multifamily property is situated within the master-planned Point Hope development and represents Woodfield’s 24th completed project in South Carolina. Goddard Point Hope offers a mix of studio, one-, two- and three-bedroom units ranging in size from 688 to 1,396 square feet. Monthly rental rates range from $1,598 to $2,903, according to Apartments.com. Amenities include a saltwater pool with a poolside lounge and pavilion, fitness center and yoga studio, business center with coworking spaces, club and game rooms, vegetable market, community kitchen and grilling stations and a pet park and pet spa, as well as 17,000 square feet of retail space. The design-build team included Housing Studio, SeamonWhiteside, SHAH Architecture & Interiors, S Wilkins Interior Design and CF Evans.

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DevelopmentGeorgiaLeasing ActivityLouisianaRestaurantRetailSoutheast

PJ’s Coffee to Expand in Metro Atlanta With 12 New Locations

by John Nelson

MANDEVILLE, LA. — PJ’s Coffee plans to open 12 new locations in the metropolitan Atlanta area over the next seven years. The Peach State currently has a PJ’s Coffee location in Greensboro and construction will soon begin for its next one in Rome. The Mandeville, La.-based coffeeshop chain has more than 185 locations operating systemwide and more than 100 in the development pipeline. “Our expansion into Atlanta represents a game-changing opportunity to share PJ’s unique flavors with a vibrant community that values Southern hospitality and exceptional coffee,” says Lory Schwartz, franchise development manager of PJ’s Coffee. “The city’s dynamic economy, strong coffee culture and affinity for innovation make it the perfect place for our next chapter of growth.”

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Mosielee-Commerce-Park-Houston
DevelopmentIndustrialTexas

PAGEWOOD Breaks Ground on 429,698 SF Spec Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Locally based developer PAGEWOOD has broken ground on Mosielee Commerce Park, a 429,698-square-foot speculative industrial project in northwest Houston. Located at 12020 State Highway 24, the 32-acre development will consist of a 274,766 square-foot, cross-dock building and a 154,932-square-foot, front-load building. Powers Brown Architecture is designing Mosielee Commerce Park, which is slated for an mid- to late-2025 completion. CBRE arranged construction financing for the project, and JLL has been retained as the leasing agent.

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AcquisitionsDevelopmentMichiganMidwestMultifamilyStudent Housing

Landmark Properties Acquires Galleria Mall in Ann Arbor, Plans to Build 950-Bed Student Housing Project

by Kristin Harlow

ANN ARBOR, MICH. — Landmark Properties has acquired the site of Galleria Mall in Ann Arbor with plans to build a 950-bed student housing community with its in-house construction arm, Landmark Construction. Named The Metropolitan on South U, the 241-unit development will be situated in the South University neighborhood a few blocks away from the Ross School of Business. Rising 18 stories, The Metropolitan will feature approximately 5,200 square feet of ground-floor retail space as well as community amenities, including a clubhouse, fitness center, pool and rooftop lounge. A timeline for construction was not provided. The community marks Landmark’s third ground-up residential development in Ann Arbor and seventh project in the market managed by the company.

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CivicDevelopmentMidwestMissouri

ICS Construction Completes 78,000 SF Clark Family Branch Library in Suburban St. Louis

by Kristin Harlow

LADUE, MO. — ICS Construction Services Ltd. has completed the Clark Family Branch Library for the St. Louis County Library (SLCL) district. Lamar Johnson Collaborative (LJC) was the project architect. Located at 1640 S. Lindbergh Blvd. in the inner-ring suburb of Ladue, the two-story building totals more than 78,000 square feet and stands as the largest branch in the SLCL system. The design emphasizes open, flexible spaces with high ceilings and natural light. The Clark Family Branch is the final branch to be designed as part of SLCL’s system-wide “Your Library Renewed” program. In addition to providing traditional reading, private study spaces and quick access to collections, the library features various meeting and event spaces, age-specific areas for creative and hands-on learning experiences and diverse community-based services. The Stephany and Richard Kniep Children’s Space features a playhouse, built-in reading nooks, a magnetic gear wall and educational touch-screen games. The Unity Foundation Teen Space provides tech-focused amenities such as the Object Computing creative lab with a 3-D printer, audio recording studio, video recording studio and video game room. The 800-seat multipurpose Post Event Space & Plaza offers multiple room configurations to support author events and programs. The Emerson History & Genealogy …

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900-Morrissey-Blvd.-Boston
Affordable HousingDevelopmentHospitalityLoansMassachusettsMultifamilyNortheast

MassHousing Provides Financing for Affordable Housing Redevelopment Project in Boston

by Taylor Williams

BOSTON — MassHousing has provided an undisclosed amount of financing for an affordable housing redevelopment project in Boston. The project will convert the former Pine Street Inn at 900 Morrissey Blvd. in the Dorchester area into a 99-unit apartment complex whose units will be reserved for households earning 30 percent or less of the area median income. The Community Builders is the developer of the project, which will include office and community spaces on the ground floor. Other project partners include BWA Architecture and Commodore Builders. Financing for the project stems in part from a $24 million bond issued by MassHousing that was purchased by Eastern Bank. Completion is slated for mid-summer 2025.

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DevelopmentFloridaHospitalityLoansSoutheast

Mast Capital, Amzak Obtain $72.5M Loan for Renovation of Saddlebrook Resort in Metro Tampa

by John Nelson

WESLEY CHAPEL, FLA. — A partnership between Mast Capital and Amzak Capital Management has secured a $72.5 million loan for the renovation of Saddlebrook Resort, a 480-acre hospitality property located in the Tampa suburb of Wesley Chapel. Beachpoint Capital Management provided the loan. Chris Drew, Brian Gaswirth, Jeff Bucaro, Paul Adams, Mark Deslauriers and Nicole Barba of JLL arranged the loan on behalf of the borrowers. The renovation of Saddlebrook Resort is expected to total $92 million and encompass a full-scale redesign of the guestroom suites, lobby, meeting spaces, pool and outdoor facilities, golf course and food-and-beverage destinations, as well as significant upgrades to the resort’s landscaping, sports facilities and lifestyle amenities. Mast Capital first partnered with Amzak Capital to acquire the resort in spring 2022.

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DevelopmentNortheastPennsylvania

Philadelphia City Council Approves Proposal for $1.3B 76ers Arena

by Taylor Williams

PHILADELPHIA — The Philadelphia City Council has approved a proposal from Harris Blitzer Sports & Entertainment, which owns the NBA’s Philadelphia 76ers, to build a new arena in the downtown area. Valued at $1.3 billion and known as 76 Place, the arena will be located at the site of Fashion District Philadelphia, a shopping, dining and entertainment destination on Market Street. The proposal for a new 76ers arena was conceived several years ago but has subsequently faced opposition from a variety of community leaders and organizations, most notably those in neighboring Chinatown. According to The Philadelphia Inquirer, the team is now targeting the 2031-2032 season to commence play at the new arena.

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DevelopmentMixed-UseTexas

Aretè Collective, Wasatch Receive $106M in Bond Financing for Central Texas Master-Planned Development

by Taylor Williams

SPICEWOOD, TEXAS — A partnership between two Utah-based firms, Areté Collective and Wasatch Group, has received $106 million in bond financing for Thomas Ranch, a master-planned development in the Central Texas community of Spicewood. The development team will use proceeds from the nonrecourse, tax-exempt bond to fund infrastructural work for the 2,200-acre development. Specific public improvements will include a spine road connecting different neighborhoods, a water treatment plant and a wastewater treatment plant. A portion of the proceeds will also be used to finance the first phase of residential development. At full build-out, Thomas Ranch will comprise 3,500 residential units, including a 600-unit multifamily component, 465,000 square feet of commercial space, a hotel, golf course, 40 miles of walking trails and 1,200 acres of open nature space.

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