HOUSTON — Skanska USA has completed a 20,772-square-foot adaptive reuse project in Houston’s Third Ward. The project converted the historic Riverside General Hospital, which originally opened in 1926, into the new home of the Harris County Public Health Department. The work encompassed renovations to the main hospital building, former nursing school and adjacent utility structure. The project team also integrated new mechanical, electrical and life-safety systems throughout.
NEW YORK CITY —Lendlease has welcomed the first residents to The Riverie, an 834-unit apartment community in the Greenpoint neighborhood of Brooklyn. Spanning an entire city block along the East River, The Riverie comprises two towers that rise 37 and 20 stories, as well as a mid-rise podium with frontages along India, West and Java streets. Residences range from studios to three bedrooms, including select penthouses and townhomes. Of the total unit count, 30 percent of residences are designated as affordable housing. The development also features 13,000 square feet of retail and restaurant space, Class A amenities and new public green space. Marvel was the project architect. Rents start at roughly $3,800 per month for a studio apartment. The Riverie was capitalized in late 2022. Construction began in spring 2023 and topped out in fall 2024, at which point the project was known as 1 Java Street.
DORAL, FLA. — Ascentris, in partnership with Highline Real Estate Capital and Square2 Capital, has completed a multi-phase repositioning of Westside Plaza, a three-building, 382,637-square-foot office complex in Doral, a western suburb of Miami. As a result of the project completion, Miami-based COFE Properties purchased two office buildings within Westside Plaza totaling 276,637 square feet at 8200 and 8400 N.W. 33rd St. for $63 million, according to South Florida Business Journal. Westside I and II were 98 percent leased following a renovation, including upgraded lobbies, common areas and tenant amenities, as well as the addition of two spec suites. Tenants in the office buildings include Guidewell Sanitas, US Med, LLC, Inktel Contact Center Solutions and Venture X. Chris Lee, Sean Kelly, Tom Rappa and Matthew Lee of CBRE brokered the sale. Parallel to the transaction, a joint venture between the Ascentris-led partnership and multifamily developer ZOM Living acquired Westside Plaza II, a 106,000-square-foot office building that will be transformed into a 380-unit multifamily community under Florida’s Live Local Act, a strategy designed to provide more affordable housing opportunities. Robert Given, Brad Capas and Troy Ballard of CBRE brokered the sale of Westside Plaza II.
FREDERICK, MD. — Hanover Co. and its institutional partner Northwestern Mutual have completed construction of Frederick Airport Park, a 509,000-square-foot industrial development located in Frederick, about 44 miles northwest of Washington, D.C. Situated directly off I-70 and adjacent to Frederick Municipal Airport, Frederick Airport Park spans 37 acres and consists of two light industrial buildings featuring 36-foot clear heights. The project team included MGMA (architect), Harris Smariga (civil engineer) and Conewago (general contractor). Construction of both buildings was completed in January. Cushman & Wakefield is marketing Frederick Airport Park to potential tenants.
TUKWILA, WASH. — SecureSpace Self Storage has opened its newest facility located at 5950 Southcenter Blvd. in Tukwila. Formerly known as Tukwila Self Storage, the five-story, heated facility offers 53,185 square feet of storage space across 625 units in a variety of sizes. The facility is currently undergoing enhancements to meet SecureSpace’s standards. The upgraded property will feature proprietary AI-enabled cameras and sensors for enhanced security, as well as complimentary high-speed Wi-Fi.
PHOENIX — Creation, a Phoenix-based developer, has completed construction for Park Algodon, an industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix. Spanning 86 acres, Park Algodon includes 1.3 million square feet of Class A industrial space and an adjacent 7-acre mixed-use destination with retail and restaurant space. The first phase of the industrial portion of Park Algodon was developed in partnership with Clarion Partners. The two-phase speculative industrial project includes four buildings, totaling 725,000 square feet, designed to accommodate tenants ranging from 30,000 square feet to 317,000 square feet. The industrial buildings offers 32-foot to 40-foot minimum clear heights, ample power and abundant employee parking. The second phase is permit-approved for a single 556,000-square-foot building. Separate from the joint venture, Creation developed The Shops at Park Algodon, a 14,000-square-foot restaurant and retail space. Buildings A and B will be delivered to tenants within the next 30 days. Confirmed tenants include Einstein Bros. Bagels, Chipotle, Luna Grill and Zara Nail Bar. LGE Design Build provided architectural and construction services for the project. Andy Markham and Phil Haenel of Cushman & Wakefield are handling leasing for the industrial component, while Matt Milinovich and James …
WILSONVILLE, ORE. — Capstone Partners has secured a $27.9 million construction loan from U.S. Bank to develop Villebois Village Center Apartments, a three-building multifamily community in Wilsonville. David Schaffer and John Petersen of Melvin Mark Capital Group originated the financing. Construction began in December 2025, with completion slated for mid-2027. Portland, Ore.-based C2K Architecture is serving as architect and Essex General Construction is the general contractor for the project. Located within the Villebois master-planned community, the project will feature 143 studio, one-, two- and three-bedroom apartments with quartz countertops, stainless steel appliances, 9-foot ceilings and air conditioning in larger units. The community also features 2,460 square feet of ground-floor commercial space, a fitness center, library/game room, top-floor lounge, bike center and pet-friendly features, including a dog wash station. The three buildings will surround a large public piazza with bocce courts, landscaping and heritage trees.
CORCORAN, MINN. — United Properties has broken ground on Amira Corcoran, a 143-unit active adult community in Corcoran, about 22 miles northwest of Minneapolis. The four-story development expands the Amira senior living portfolio in metro Twin Cities. The project will offer studio, one-, two- and three-bedroom apartments. Amenities will include a clubroom, fitness and yoga spaces, an arts and crafts studio, golf simulator lounge, walking trails and an outdoor amenity patio with a pool and hot tub. The first move-ins are anticipated in summer 2027. The project team includes architect Momentum Design Group, general contractor Eagle Building Co. and property manager Great Lakes Management.
PAPILLION, NEB. — Opus has broken ground on Highway 370 Logistics, a 168,486-square-foot speculative industrial development located near the intersection of I-80 and Highway 370 in Papillion within metro Omaha. The 12-acre site is adjacent to an Amazon distribution hub. The project will feature a clear height of 32 feet, 10 dock doors, two drive-in doors, 115 vehicle parking stalls and 31 trailer parking stalls. Opus is the developer and design-builder, Raker Rhodes Engineering is the structural engineer and SVPA Architects is the architect. David Maenner and Sam Andres of CBRE are marketing the project for lease.
MORRISVILLE, N.C. — Wood Partners and PGIM have closed on a land acquisition in Morrisville for the development of Alta Watkins, a 357-unit apartment community. Set to open in 2028, the property will be situated in the heart of the Research Triangle and adjacent to Wake Tech’s new community college campus. Sarah Godwin and Karl Hudson of Foundry Commercial represented the land seller in the transaction. Wood Partners plans to break ground soon on Alta Watkins, which will offer one-, two- and three-bedroom apartments, as well as onsite retail space, rentable offices, short-term stay units for guests, a resort-style pool, three outdoor courtyards, outdoor games, fitness center with a sauna and a podcast room. Alta Watkins is Wood Partners’ third development underway in the Raleigh-Durham area in the past 12 months.
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