Development

Partnership to Develop 225,000 SF Office Project in Allen, Texas

by Taylor Williams September 29, 2026

ALLEN, TEXAS — A partnership between two local real estate companies, developer KDC and investment and operations group Pillar Commercial, will develop One Bethany North, a 225,000-square-foot office project that will be located in the northeastern Dallas suburb of Allen. The nine-story building will be situated within the Watters Creek mixed-use development and will include pickleball courts, putting greens and other outdoor gathering spaces, as well as a 3,500-square-foot restaurant. A tentative construction timeline was not disclosed.

September 29, 2026

Development Loans Multifamily New Jersey Northeast

PCCP Provides $66.8M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams September 29, 2026

FAIR LAWN, N.J. — Los Angeles-based PCCP LLC has provided a $66.8 million senior construction loan for Plaza Greene, a 145-unit multifamily project that will be located in the Northern New Jersey community of Fair Lawn. Floor plans were not disclosed, but about 12 percent (18) of the residences will be reserved as affordable housing, and all residences will be subject to age restrictions. Amenities will include a fitness center, spa and a landscaped courtyard, and a 22,300-square-foot Sprouts Farmers Market will anchor the building’s ground-floor retail space. The borrower is a partnership between regional owner-operator Sterling Properties and New Jersey-based Danbro Properties.

September 29, 2026

Development Industrial Northeast Pennsylvania

Realterm to Develop Cargo Handling Facility at Harrisburg International Airport

by Taylor Williams September 29, 2026

HARRISBURG, PA. — Realterm, a global investment manager focused on transit-oriented properties, will develop a cargo handling facility at Harrisburg International Airport that could ultimately have a footprint as big as 105,000 square feet. Developed in partnership with the Susquehanna Area Regional Airport Authority, the facility will feature 135-foot truck court depths, skylights, motion-sensor LED lighting, EV-ready infrastructure and an engineered slab capable of supporting specialized cargo needs. A tentative construction timeline was not disclosed.

September 29, 2026

Development Hospitality Kansas Midwest

Midas Hospitality Opens 261-Room, Dual-Branded Hotel at Lenexa City Center in Kansas

by Kristin Harlow September 29, 2026

LENEXA, KAN. — Midas Hospitality has opened a new dual-branded AC Hotel and Residence Inn by Marriott with 261 rooms at Lenexa City Center. Developed and operated by Midas, the project also includes 11,000 square feet of ground-floor retail space. Copaken Brooks is marketing that space for lease. The AC Hotel features 132 rooms with onsite dining and meeting space. The Residence Inn features 129 apartment-style suites designed for longer stays with fully equipped kitchens and complimentary breakfast. Lenexa City Center is a 200-acre mixed-use district.

September 29, 2026

Company News Development Industrial Iowa Midwest Minnesota Top Stories

Mesabi Metallics to Build $15B Steel Mill in Southeast Iowa, Create 1,750 Jobs

by John Nelson September 29, 2026

LEE COUNTY, IOWA — Mesabi Metallics, a wholly owned subsidiary of India-based conglomerate Essar Group, plans to develop a new $15 billion steel mill in southeast Iowa’s Lee County. Rewant Ruia, chairman of Mesabi Metallics, made the announcement at The White House yesterday along with Iowa Gov. Kim Reynolds and President Donald Trump. The new plant is expected to create 6,000 temporary construction jobs. Once the facility is operational, which is expected by 2030, the mill will employ an estimated 1,750 full-time team members. Combined with the $3 billion that the company is using to complete its iron ore mine in Nashwauk, Minn., the investment by Mesabi represents the largest single investment made in a steel complex in American history, according to Mesabi. “Mesabi is building a world-class steel supply chain that is 100 percent American,” says Joe Broking, CEO of Mesabi Metallics. “Our investment will create high-paying jobs with competitive benefits in Iowa and Minnesota, generate tens of billions of dollars in U.S. economic activity and strengthen our domestic manufacturing base.” Mesabi will utilize pellets, dubbed Patriot Pellets, procured from iron ore at its Minnesota mine, which is the first new iron ore mine built in the United States …

September 29, 2026

Development Florida Multifamily Southeast

BTI Partners Opens 362-Unit Residential Tower in Hollywood, Florida

by Abby Cox September 28, 2026

HOLLYWOOD, FLA. — BTI Partners has opened the Bread Building, a 362-unit luxury residential tower located in the South Florida city of Hollywood. The property was built on the site of the former Hollywood Bread Building, which served as the headquarters for the Hollywood Bread Co., a popular diet bread brand in the 1930s. Situated in downtown Hollywood, the Bread Building offers studio, one- and two-bedroom floorplans ranging in size from 507 to 1,210 square feet, according to Apartments.com. Monthly rental rates begin at $2,146. The complex comprises more than 30,000 square feet of indoor and outdoor amenities such as a fitness center and yoga room, pool deck, gaming area and bar, coworking and business center, community lounge, spa, onsite concierge, grilling pavilion, pet-friendly zones, bike storage and electric vehicle charging stations. The 25-story property also features 15,407 square feet of ground-floor retail, including a new Walgreens pharmacy. In addition, BTI Partners has restored the original Hollywood Bread Building sign, which is now permanently displayed in the residential lobby.

September 28, 2026

Affordable Housing Development District of Columbia Multifamily Southeast

NRP Group Debuts 115-Unit Affordable Housing Community in D.C.

by Abby Cox September 28, 2026

WASHINGTON, D.C. — The NRP Group, in partnership with Marshall Heights Community Development Organization (MHCDO), has opened Emblem Apartments, a 115-unit affordable housing community located in Washington, D.C.’s NoMa and Union Market neighborhoods. The 13-story building is reserved for individuals and families earning up to 30 and 50 percent of the area median income (AMI). Community amenities include a dedicated toddler playroom, oversized bike storage and a multipurpose room that serves as a hub for residential programming, events and gatherings. Residents will also have access to supportive services such as targeted financial education, entrepreneurship resources and economic mobility programming. Capital partners for Emblem Apartments include the DC Housing Finance Agency (DCHFA), DC Department of Housing and Community Development (DHCD), DC Housing Authority (DCHA), DC Green Bank and Bank of America. This project represents NRP’s first affordable housing development in Washington, D.C.

September 28, 2026

Development Georgia Leasing Activity Retail Southeast

Connolly Unveils First Wave of Tenants at Publix-Anchored Shopping Center in Metro Atlanta

by Abby Cox September 28, 2026

WOODSTOCK, GA. — Connolly has unveiled its first wave of tenants at Woodstock Mill District, a 118,000-square-foot shopping center underway in downtown Woodstock, roughly 30 miles northwest of Atlanta. Woodstock Mill District is now 79 percent leased, and tenants are expected to occupy the buildings this fall to prepare for an opening in early 2027. Woodstock Mill District encompasses an 11-acre new development site, as well as an existing 28,000-square-foot retail center that Connolly purchased in 2021 for $4 million. A 46,791-square-foot, freestanding Publix will anchor the new portion, which also features six one- and two-story buildings ranging up to 13,750 square feet in size. In addition to Publix, the tenant roster will include Sydel’s Coffee, Three Dollar Café, Super Chix Chicken & Custard, Club Pilates, Petfolk Veterinary & Urgent Care, E’s Barber Shop, Dentists at Woodstock Mill and Allure Nail Bar. Nine spaces remain available, including a freestanding restaurant building. The 28,000-square-foot strip center, formerly known as Towne Lake Plaza, sits adjacent to the new build and is occupied by three tenants: The Blue Ghost Arcade, Maxwell’s Cigar Bar and Dive Georgia. Tin Drum Asian Kitchen & Boba Tea Bar and barre3 will soon join the tenant lineup of redeveloped …

September 28, 2026

Development Office Texas

WillMax Capital Breaks Ground on 11,130 SF Office Project in North Dallas

by Taylor Williams September 28, 2026

DALLAS — WillMax Capital has broken ground on an 11,130-square-foot office project in North Dallas. Phoenix-based LGE Design Build is handling the architectural and construction aspects of the project, which will be located at 4326 W. Lovers Lane and will serve as the locally based developer’s future headquarters. Flanagan Land Solutions is the civil engineer for the project, which is slated for a spring 2027 completion.

September 28, 2026

Development Multifamily New Jersey Northeast

Newmark Arranges $310M Construction Loan for Jersey City Multifamily Project

by Taylor Williams September 28, 2026

JERSEY CITY, N.J. — Newmark has arranged a $310 million construction loan for an 873-unit multifamily project in Jersey City. The project represents the first of two phases in a larger development at 547-555 Summit Ave. that will ultimately add 1,542 units to the local supply. The firs building at 555 Summit Ave. will rise 47 stories and offer studio, one- and two-bedroom units, as well as 2,300 square feet of retail space. Amenities will include a fitness center, rooftop lounge, clubroom and coworking space. Jordan Roeschlaub, Nick Scribani, Max Ralby and Dante DiStefano of Newmark arranged the financing on behalf of the borrower, Namdar Group.

September 28, 2026

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