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The-Elbie-Long-Branch-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

Partnership Breaks Ground on 78-Unit Multifamily Project in Long Branch, New Jersey

by Taylor Williams

LONG BRANCH, N.J. — A partnership between two local companies, Downeaster Development and TANTUM Real Estate, has broken ground on The Elbie, a 78-unit multifamily project in the Northern New Jersey community of Long Branch. Designed by Rotwein + Blake Associates, the four-story building will house one- and two-bedroom units, as well as 4,000 square feet of ground-floor retail space. Amenities will include a fitness center, clubroom, game room, recording and podcast studio and outdoor grilling and dining stations. The first units are expected to be available for occupancy in late spring 2027.

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DevelopmentIndustrialNorth CarolinaSoutheast

Partnership Breaks Ground on 809,141 SF Industrial Park in Durham

by John Nelson

DURHAM, N.C. — A partnership between Hines and an Ares Real Estate fund has begun construction on Parkside Commerce Center, a four-building industrial park spanning 809,141 square feet in Durham. The project will be situated along Silicon Drive and sit adjacent to Research Triangle Park. The co-developers have tapped Foundry Commercial to lead leasing and marketing at Parkside Commerce Center, which will be developed in two phases. Phase I, which is slated to deliver in fourth-quarter 2027, will include Building 1 (a 237,824-square-foot rear-load facility) and Building 2 (a 283,724-square-foot rear-load building). Both buildings will feature 36-foot clear heights and 63 trailer stalls. Phase II will include Building 3 (a 172,289-square-foot facility) and Building 4 (a 115,304-square-foot property), both of which will have 32-foot clear heights.

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DevelopmentLoansMarylandMultifamilyOfficeSoutheastStudent Housing

Bayview PACE Provides $15.7M C-PACE Financing for Student Housing Conversion Project in Baltimore

by John Nelson

BALTIMORE — Bayview PACE has closed $15.7 million in C-PACE financing for Plaza Baltimore, an adaptive reuse project located at 1 S. Calvert in downtown Baltimore. The borrower, Philadelphia-based MIRA Properties, is leading the $57 million repositioning of the former bank headquarters building into 157 Class A apartments, as well as 8,162 square feet of commercial space on the ground level. Morgan State University recently announced that it will fully lease the building and operate the property for student housing. Amenities will include a rooftop deck, resident lounge, billiards, movie room and bike storage. The design-build team includes MIRA Construction, an affiliate of MIRA Properties, and locally based SETO Architects.

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DevelopmentIllinoisIndustrialMidwest

Krusinski Breaks Ground on 32,000 SF Addition for Nonprofit Food Distribution Hub in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — Krusinski Construction Co. has broken ground on a 32,000-square-foot addition to the Loaves & Fishes Community Services food distribution hub at 580 Exchange Court in Aurora. The project will expand the building to 62,000 square feet, enabling the nonprofit organization to meet the increasing needs of food-insecure individuals and families in DuPage, Kane, Kendall and Will counties. Since 2019, food insecurity in the area served by Loaves & Fishes has increased by more than 50 percent, according to a release. The expansion project will create greater storage capacity, improved distribution efficiencies and enhanced collaboration capabilities with partner pantries. Krusinski will build new and expanded freezer and cooler space, a larger depressed dock with more efficient access for deliveries by full-size semi-trucks and trailers and an improved site layout that increases parking capacity and flow. Construction will be completed in four phases and includes increasing the capacity of utilities. The project team includes Powers Brown Architecture and Cage Civil Engineering.

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AcquisitionsDevelopmentMultifamilyRetailTexas

NewQuest Acquires Land for 334-Unit Apartment Community, Retail Center in Katy, Texas

by Taylor Williams

KATY, TEXAS — NewQuest has acquired land in the western Houston suburb of Katy for the development of a 334-unit apartment community and retail center. Of the 18.5 acres that the local developer purchased at the southwest corner of Morton and Porter roads, 11.8 will be dedicated to the development of the multifamily component, while the remainder will house the retail component. Designed by Meeks + Partners and developed by Pelican Builders, the apartments will come in one-, two- and three-bedroom floor plans and will have an average size of 865 square feet. Amenities will include a pool and multiple courtyards. The project’s retail component will comprise a 10,860-square-foot, multi-tenant building and five pad sites. Construction is expected to begin early next year.

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DevelopmentRetailTexas

Kinective Fitness Club to Open 50,859 SF Gym in Plano

by Taylor Williams

PLANO, TEXAS — Kinective Fitness Club will open a 50,859-square-foot gym at 4520 State Highway 121 in Plano. The design of Kinective Plano, led by RDC, will be centered around four signature spaces that house seven studios: metabolic conditioning, HIIT (high-intensity interval training), group fitness, immersive cycling, yoga, meditation and Pilates reformer. The club will also offer group fitness classes across all seven studios. The opening is scheduled for early 2027.

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DevelopmentMidwestMultifamilyOhio

CASTO Opens 235-Unit Westrich Apartment Community in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — CASTO, in partnership with Columbus Metropolitan Housing Authority, The Weiler Co., The Kelley Family and Mark Cain, have opened Westrich, a 235-unit apartment community in the Franklinton neighborhood of Columbus. Oakwood Management Co. is the property manager. The five-story development includes 5,806 square feet of ground-floor retail space on Rich Street. Floor plans come in studio, one- and two-bedroom layouts. Amenities include a pool, fitness studio, resident lounge, pet spa and bike storage.

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DevelopmentFloridaLoansMultifamilySoutheast

13th Floor, Barings Receive $134M Construction Loan for Final Residential Tower at Link at Douglas in Miami

by Abby Cox

MIAMI — A partnership between 13th Floor Investments and Barings has received a $134 million construction loan for the development of Crescendo, the fourth and final residential tower located within the Link at Douglas mixed-use project in Miami. Santander Bank, TD Bank and First Horizon Bank provided financing. The first phase of Link at Douglas, which opened in 2023, included the 312-unit Core and 421-unit Cascade residential buildings, along with more than 30,000 square feet of retail space anchored by Milam’s Market. The project’s third residential tower, known as Cadence, is slated for completion in 2028 and will feature 432 apartments. With the addition of the 392-unit Crescendo in 2029, Link at Douglas will comprise approximately 1,500 residential units across four buildings. 13th Floor and Barings first broke ground on Link at Douglas in 2019. 13th Floor has multiple projects underway in South Florida, including Link at Boca in Boca Raton and Link at SoMi in South Miami.

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DevelopmentIndustrialKentuckySoutheast

Clark Beverage Group to Invest $129M for Corporate Headquarters, Distribution Facility in Bowling Green, Kentucky  

by Abby Cox

BOWLING GREEN, KY. — The Clark Beverage Group and Clark Distributing Co., both subsidiaries of C.C. Clark Inc.) are partnering with HDA for the design and construction of their new $129 million headquarters and distribution facility in Bowling Green. Scheduled to break ground this summer, the project will span 362,675 square feet and will feature a 46,600-square-foot, two-story corporate office; a 298,500-square-foot warehouse; 17,000-square-foot fleet maintenance facility; and a 575-square-foot security check-in building. The campus will also be able to accommodate an additional 135,000 square feet for future expansion, as well as 34-foot clear heights, 36 docks, automated systems and dedicated mezzanine spaces for additional storage. A separate, remote building will provide onsite servicing, maintenance and washing for delivery vehicles, complemented by an onsite fueling station. Completion of the project is anticipated for fall 2027. C.C. Clark was established in 1903 and today bottles and distributes beverages from brands including Coca-Cola, Barefoot Wine, Fairlife, Dunkin’, Vitamin Water, Hi-C, Terrapin Beer Co., High Noon, Minute Maid, Monster Energy, Powerade, Yuengling and Sam Adams.

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DevelopmentFloridaIndustrialSoutheast

Hamilton Development Breaks Ground on 307,544 SF Industrial Park in Metro Miami’s Flagler Station

by Abby Cox

MEDLEY, FLA. — Hamilton Development has broken ground on Flagler Station Logistics Center, a planned 307,544-square-foot, two-building industrial project located within the 900-acre Flagler Station business park in the Miami suburb of Medley. Flagler Station Logistics Center is slated for completion in July 2027. In October 2025, Hamilton Development finalized the acquisition of three office buildings in the Flagler Station business park, two of which are being redeveloped to become Flagler Station Logistics Center. The third building will continue to operate as office space. Building 1 will span 154,465 square feet and will feature rear-load configurations with 36-foot clear heights, 26 dock doors and three drive-in doors. Building 2 will total 153,079 square feet and will comprise rear-load configurations with 36-foot clear heights, 30 dock doors and three drive-in doors. Both buildings will include an ESFR sprinkler system and private truck court, along with immediate access to the Florida Turnpike, I-75 and the Palmetto Expressway. Steve Medwin and Nick Wigoda of Stream Realty Partners are handling leasing for Flagler Station Logistics Center.

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