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AlabamaDevelopmentHospitalityMixed-UseRetailSoutheast

RCP Unveils Plans for $300M Mixed-Use Expansion at MidCity District in Huntsville

by John Nelson

HUNTSVILLE, ALA. — RCP Cos. has unveiled plans for MidCity Arts + Innovation, a 12-acre development within the larger $2.2 billion MidCity District in downtown Huntsville. The project represents a $300 million investment and will expand the development’s master plan by three city blocks along Sanderson Road. MidCity Arts + Innovation will be anchored by MidCity Live, a 3,000-seat indoor music venue jointly designed by Matheny Goldmon Architects and Urban Design Associates. RCP will name an operating partner for the venue in early 2026. MidCity Live will join The Orion Amphitheater, an existing 8,000-seat music venue within MidCity District. Other components of the expansion will include a new location for The Camp, an outdoor venue and community gathering space; two hotels, including a 200-room, music-branded hotel; a tech-centric office campus developed by the Apollo Coalition nonprofit; and approximately 60,000 square feet of new retail and entertainment space.

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DevelopmentRetailTexas

Topgolf Opens 35,000 SF Entertainment Venue in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — Topgolf has opened a 35,000-square-foot venue in New Braunfels, a northeastern suburb of San Antonio. The two-story facility is located within the 400-acre New Braunfels Town Center at Creekside master-planned development and features 62 climate-controlled hitting bays in addition to a full bar and restaurant. The venue is the 100th in the country for the Dallas-based sports entertainment company.

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Stewart-Hotel-Manhattan
AcquisitionsDevelopmentHospitalityMultifamilyNew YorkNortheast

Partnership Buys Midtown Manhattan Hotel for $255M, Plans Affordable Housing Conversion

by Taylor Williams

NEW YORK CITY — A partnership between local owner-operator Slate Property Group and nonprofit supportive housing developer Breaking Ground has acquired the Stewart Hotel in Midtown Manhattan for $255 million with plans to implement an affordable housing conversion. Slate will develop the project, which will convert the 611-room hotel into a 579-unit apartment complex, and Breaking Ground will own and operate the property upon completion. The 31-story hotel, which is located across from Penn Station and closed in 2022, also features a 100-space underground parking garage, 12,000 square feet of ground-floor retail space and 3,500 square feet of ballroom space. All units will be reserved for low-income households and/or formerly homeless individuals, with rents to range from $1,385 to $1,731 per month. Construction is scheduled to begin late next year. As part of the redevelopment, the project team will replace all major utility and mechanical systems, upgrade lighting and merge adjacent hotel rooms into living spaces as needed. New office space will be constructed for onsite social services, and the building will also have full-time security and maintenance staff.

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The-Presley-Apts-Las-Vegas-NV
DevelopmentMultifamilyNevadaUncategorizedWestern

CEDARst Cos. Begins Development of $82M Apartment Community in Las Vegas

by Amy Works

LAS VEGAS — CEDARst Cos. has broken ground on The Presley, an $82 million ground-up multifamily project in Las Vegas’ Medical District. Designed by Booth Hansen with OS Construction as general contractor, the seven-story, 275,000-square-foot community is slated to open in 2028. The Presley will feature 236 studio, one- and two-bedroom apartments, a fitness center, coworking lounge, golf simulator and a rooftop pool deck. A portion of the residences will be designated as affordable housing. The project is being financed by a $56 million construction loan provided by North River Partners and funds managed by AB CarVal. Berkadia arranged the financing.

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ColoradoDevelopmentMultifamilyWestern

McWhinney, Livmark Break Ground on $71M Multifamily Property in Longmont, Colorado

by Amy Works

LONGMONT, COLO. — McWhinney and Livmark Communities have broken ground on Mountain Brook Flats, a 200-unit apartment property in Longmont. The $71 million project will feature 10 three-story, 20-unit buildings offering one-, two- and three-bedroom apartments with high-quality finishes, oversized balconies and garage parking. Community amenities will include the Mountain Brook Clubhouse offering a pool with swim lanes, a splash pad, fitness center with yoga studios, outdoor fireplace and seating area, tavern lounge, tennis and pickleball courts and pocket parks that connect the community. Construction started this month, with lease-up slated to commence in 2027. Landmark Construction, a Livmark Communities affiliate company, will serve as the general contractor.

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Kelly-Pull-Quote
CivicDevelopmentKansasMidwestMixed-UseTop Stories

Kansas City Chiefs Unveil Plans for New $3B Stadium, Two Mixed-Use Entertainment Districts in Kansas

by Taylor Williams

KANSAS CITY, KAN. — The Kansas City Chiefs have unveiled plans for a new football stadium, as well as a new training facility and surrounding mixed-use entertainment districts for both projects, in Kansas. These initiatives represent a combined economic impact of approximately $4.4 billion, according to Kansas Gov. Laura Kelly. Under the terms of an agreement reached with the state, the Chiefs will relocate from Missouri to a new domed stadium in Wyandotte County, which encompasses the Kansas side of the city. The new stadium, which has a projected cost of about $3 billlion, is expected to open in advance of the 2031 NFL season. ESPN reports that the new stadium will have a seating capacity of about 65,000, which is about 10,000 seats fewer than the team’s current home at Arrowhead Stadium in Missouri. The team’s lease at Arrowhead expires after the 2030 season. The exact location of the new stadium was not announced. But according to The Topeka Capital-Journal, the site will be “generally located at the intersection of interstates 70 and 435.” In addition, ESPN reports that “the Chiefs are interested in having the stadium built near the Kansas Speedway and a retail and entertainment district known …

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CivicDevelopmentTexas

LDCM Solutions Breaks Ground on $73.9M Academic Project in West El Paso

by Taylor Williams

EL PASO, TEXAS — Locally based general contractor LDCM Solutions has broken ground on Davenport Elementary School, a $73.9 million academic project in El Paso. Designed by Pfluger Architects with construction administration by Carl Daniel Architects, the school is part of the Canutillo Independent School District (ISD) and is located in the Enchanted Hills subdivision on the city’s west side. Davenport Elementary School will have 36 classrooms for prekindergarten through fifth grade students, as well as collaborative learning spaces, a gymnasium, library, cafeteria and outdoor learning and collaboration areas. Construction is expected to be completed in 2027.

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Cottages-at-Deer-Creek-Fort-Worth
Build-to-RentDevelopmentSingle-Family RentalTexas

ONM Living Begins Leasing 378-Unit Build-to-Rent Project in South Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based firm ONM Living has begun leasing a 378-unit build-to-rent community in South Fort Worth. Cottages at Deer Creek offers studio, one-, two- and three-bedroom homes that range in size from approximately 350 to 1,400 square feet. Homes feature fenced yards, covered front porches, quartz countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities include a fitness center, pool, pickleball courts, indoor and outdoor gaming areas, a dog park and walking trails.

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landis-ridge
DevelopmentIndustrialNorth CarolinaSoutheast

Jackson-Shaw Delivers 594,300 SF First Phase of Landis Ridge Industrial Park in Central North Carolina

by Abby Cox

LANDIS, N.C. — Texas-based real estate developer Jackson-Shaw has delivered Phase I of Landis Ridge, a 150-acre master-planned industrial park located in Landis, a central North Carolina city that sits along I-85. This is the first of two planned phases for the property, which will comprise 1.3 million square feet upon completion. The project team for Landis Ridge consists of Compatriot Capital (equity partner), Frampton Construction (general contractor), Orsborn Design Group (civil engineer), Merriman Schmitt Architects (architect) and Hartford Investment Management Co. (financing). Jay Hill, Spencer Yorke and Matthew Greer of JLL are leading leasing efforts for the development. Phase I of Landis Ridge totals 594,300 square feet and spans three speculative buildings, which include Building 1A at 1205 Ridgeview St. (202,800 square feet), Building 1B at 205 Richwater St. (121,800 square feet) and Building 2 at 1400 Ridgeview St. (269,700 square feet). All three buildings are available for lease and can accommodate users ranging in size from 33,180 to 594,300 square feet. Jackson-Shaw recently finished the clearing and grading of the remaining 58 acres, along with the construction of a stormwater control measure pond, for Phase II of Landis Ridge. The second phase will be able to accommodate build-to-suit …

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Build-to-RentDevelopmentSingle-Family RentalTexas

RSK Real Estate to Develop 210-Unit Build-to-Rent Project in Katy, Texas

by Taylor Williams

KATY, TEXAS — Chicago-based RSK Real Estate Partners will develop The Landing at Katy Pointe, a 210-unit build-to-rent project that will be located on a 17.2-acre site on the western outskirts of Houston. The development will offer two- and three-bedroom homes with an average size of 1,500 square feet that will include attached garages and private yards. Construction is set to begin in the coming weeks and to be complete in the third quarter of 2026. NewQuest brokered the sale of the land.

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