Development

Innerbelt-Northwest-Logistics-Park-Houston

HOUSTON — Transwestern has broken ground on an approximately 1.4 million-square-foot industrial project in northwest Houston. The project represents Phase II of a larger development known as Innerbelt Northwest Logistics Park and will consist of four buildings, two of which are fully preleased. The two other buildings will range in size from 183,080 to 428,800 square feet and will feature 32- and 36-foot clear heights, respectively, as well as a combined 168 dock-high doors and eight drive-in doors. Completion is slated for the third quarter. Phase I of Innerbelt Northwest Logistics Park was completed last year and is fully leased.

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GRAND PRAIRIE, TEXAS — Topgolf has opened a new venue in Grand Prairie, roughly midway between Dallas and Fort Worth. The square footage was not disclosed, but the two-level venue features 80 climate-controlled hitting bays in addition to a bar and restaurant. Topgolf expects to employ about 300 people at the facility, which is the Dallas-based operator’s 15th in Texas and fifth in the Dallas-Fort Worth metroplex.

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MARLBORO, N.J. — REDCOM Design & Construction has broken ground on a 56,170-square-foot industrial project in the Northern New Jersey community of Marlboro. The building at 156 Boundary Road is a build-to-suit for owner-occupier 3PL Center, which provides logistics services, and will include four office spaces. A tentative completion date was not announced.

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CHARLESTOWN, MASS. — Electrochemistry company Ionomr Innovations Inc. has opened 22,000-square-foot manufacturing facility in Charlestown, located north of Boston. The facility, which includes research-and-development space, is located within Hood Park, which is a redevelopment of the former facility of dairy producer H.P. Hood & Sons. Ionomr expects the facility to account for the creation of 40 new jobs over the next three years.

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BOCA RATON, FLA. — A joint venture between 13th Floor Investments and Rockpoint plan to develop The Link at Boca, a new transit-oriented apartment community located adjacent to the Boca Raton Tri-Rail Station. The development is a public-private partnership between the joint venture and the South Florida Regional Transportation Authority, which selected 13th Floor as part of its RFP process to develop a mixed-use environment on publicly owned land. As part of the transaction,13th Floor and Rockpoint have obtained $100 million in construction financing from Santander Bank. The joint venture plans to break ground this month and deliver the property approximately 24 months thereafter. Located at 680 W. Yamato Road near I-95 and the El Rio Trail, The Link at Boca will rise eight stories and comprise 340 apartments and 24,000 square feet of retail space on the ground level. Apartments will come in a mix of studio, one-, two- and three-bedroom floorplans ranging in size from approximately 600 to 1,300 square feet. Amenities will include a resort-style pool deck, social lounge and bar, coworking spaces, private offices, yoga studio, kids’ room, golf and virtual reality simulation room, sauna and an outdoor game area. The Link at Boca will also include …

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CHARLOTTESVILLE, VA. — The University of Virginia has selected Capstone Development Partners for a 780-bed residence hall project on the university’s campus in Charlottesville. The development will include three buildings spanning 310,000 square feet at the corner of Copeley and Ivy roads. The project will offer apartment-style units for upperclassmen alongside a 19,000-square-foot dining and retail component. Capstone will serve as a fee developer responsible for the design and construction of the project, which is being financed by the university and is scheduled for completion in fall 2027. The development team also includes Elkus Manfredi Architects, Hoar Construction and Hourigan.

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Apiary-Residences-Denver-CO

DENVER — Stonebridge Cos. and Copford Capital Management have announced the March opening of Apiary Residences, a 193-unit apartment community in Denver’s Belleview Station. Located at 4855 S. Quebec St., Apiary Residences features one-, two- and three-bedroom floor plans and 13 penthouses. Each residence features premium fixtures and finishes, walk-in closets with built-ins and islands with waterfall edges. Additionally, nearly all apartments include a balcony with mountain or city views. The 20-story tower includes a Marriott-affiliated lifestyle hotel with 175 guest rooms, Keeper’s Cocktail Lounge and June Gap Market & Café. Apiary Residences will comprise floors seven through 20. Apiary residents will have access to hotel-like amenities, including valet service, a resident-only rooftop pool, a fitness center with a yoga and spin studio and dry sauna, a covered garage with electric vehicle charging stations and a car wash. The project was developed by Stonebridge Cos. and Copford Capital Management and designed and built by Beck Group. The Gettys Group is serving as interior designer and Studio Alvo is spearheading art curation and installation. Greystar will manage the property.

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GARDNER, KAN. — Colorado-based developer Acclivity Capital is building Clare Crossing, a 58-acre mixed-use project in Gardner. Block & Co. Inc. Realtors is handling retail leasing. Plans call for drive-thru and sit-down restaurants, small-shop and multi-tenant retail and complementary uses such as truck stops, gas stations, hotels, medical offices, automotive services and financial institutions. All pad sites are available for lease, sale or build-to-suit. Mill Creek Residential Trust LLC will develop the residential component of Clare Crossing. Plans call for a 247-unit build-to-rent townhome community featuring two-, three- and four-bedroom residences with private entrances and attached garages. Homes will average 1,727 square feet. Amenities will include a pool, clubhouse, fitness studio, landscaped courtyards, controlled-access guest technology and high-speed internet service. Additional project partners include All Pro Capital LLC and Arvest Bank. Grant Summers and Daniel Brocato of Block & Co. are the retail leasing agents.

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INDIANAPOLIS — Indianapolis-based mall owner Simon Property Group (NYSE: SPG) has unveiled plans to invest more than $250 million for the redevelopment of The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver and International Plaza in Tampa. Simon acquired the three properties in November 2025 as part of its purchase of the remaining 12 percent interest in The Taubman Realty Group LP that it did not already own. The $250 million investment reflects Simon’s focus on mall redevelopments to create modern environments that cater to today’s shopper, according to Eli Simon, the company’s chief operating officer. He says the redevelopment projects will mimic the recently completed transformation of Southdale Center in Minneapolis. The Mall at Green Hills will undergo a complete transformation and exterior revitalization featuring two-story flagship entrances, jewel-box spaces for luxury boutiques, new landscaping and “elevated arrival moments.” The interior will receive upscale finishes and architectural enhancements. The 1 million-square-foot mall opened in 1955 under the moniker Green Hills Village. Cherry Creek Shopping Center will receive modernized flagship spaces, refined architectural updates and upgraded storefronts. The enclosed mall, which officially opened in 1990, dates back to the 1950s when it was an open-air mall. …

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JACKSONVILLE, FLA. — Goldman Sachs Private Bank, an arm of the lender’s Wealth Management division, has provided $360 million in construction financing for Four Seasons Hotel and Residences Jacksonville, a development that will comprise a 170-room Four Seasons hotel and 26 private residences. The homes, which will begin selling at $4.7 million, will range from two- to five-bedrooms and span 1,930 to 7,936 square feet in size. The borrowers, Shanna Collective and Iguana Investments, are co-developing Four Seasons Hotel and Residences Jacksonville, which comprise two 10-story buildings. Situated along the St. Johns River, the property will feature a 78-slip marina developed on behalf of the City of Jacksonville, as well as upscale amenities and three restaurants. The hotel and condos will be situated near the revamped arena for the NFL’s Jacksonville Jaguars in the city’s sports and entertainment district. Shanna Collective and Iguana Investments topped off the development in August 2025 and plan to debut both components in 2027.

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