Tuesday, October 6, 2026
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DevelopmentFloridaSoutheastStudent HousingTennessee

Subtext Completes Student Housing Developments in Florida, Tennessee

by John Nelson

ORLANDO, FLA. AND KNOXVILLE, TENN. — Subtext has completed two student housing developments in Florida and Tennessee. Projects include VERVE Orlando, a 626-bed community located at 3133 N. Alafaya Trail near the University of Central Florida campus in Orlando; and EVER Knoxville, a 498-bed property located at 1919 Lake Ave. near the University of Tennessee campus in Knoxville. VERVE Orlando spans 446,078 square feet and offers 200 units in studio through five-bedroom configurations. Shared amenities include a 24-hour fitness center, dedicated yoga room and wellness suite with sauna and meditation rooms; a courtyard pool; outdoor green space with fire pits and grilling stations; a karaoke lounge; golf simulator; speakeasy with arcade games; study lounge with private and group study pods, an outdoor study breezeway and a podcast and content creation room; lobby coffee bar; and a pet spa. VERVE Orlando was developed in partnership with FrontRange Capital Partners and Nuveen Real Estate. Financing was provided by Simmons Bank. Additional members of the development team included Dwell Design Studio, ESG Architecture & Design, Kimley-Horn and Associates and Live Oak Contracting. The 14-story EVER Knoxville development spans 329,294 square feet and offers 136 units in one- through-five-bedroom configurations. Shared amenities include a …

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DevelopmentFloridaLeasing ActivityRetailSoutheast

Walmart to Open 40,344 SF Grocery Store in Metro Miami

by John Nelson

DORAL, FLA. — Terra has signed Walmart to a 40,344-square-foot retail lease at Doral Atrium, a 78,000-square-foot lifestyle retail development in Doral, a western suburb of Miami. Walmart plans to open a new neighborhood-format grocery store at the project. Construction of the new Walmart Neighborhood Market is expected to begin this fall, with an anticipated opening in 2027. Other committed tenants at Doral Atrium include PNC Bank, Bonchon Chicken, Sushi Mas, Tremble Pilates and The Good Feet Store. Jonathan Carter and Pablo Camposano of Colliers are handling the leasing assignment at the retail center.

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DevelopmentMixed-UseNorth CarolinaRetailSoutheast

Pappas Properties Breaks Ground on Publix-Anchored Retail Center in Metro Charlotte

by John Nelson

MATTHEWS, N.C. — Pappas Properties has broken ground on a Publix-anchored retail center at Cadia Village Matthews, an 84-acre mixed-use campus in metro Charlotte. The approximately 50,000-square-foot grocery store will feature a full-service pharmacy with a drive-thru and is expected to employ roughly 150 associates. The Publix store is set to open in fourth-quarter 2027. Other commercial tenants coming to the retail village at Cadia Village Matthews will include medical office users, a bank branch, fast-casual and sit-down restaurants and neighborhood retail and services. The mixed-use project also features single-family homes and townhomes under construction by David Weekley Homes. Choate Construction is building the retail village on behalf of Pappas Properties.

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DevelopmentIndustrialTexas

GPI Crest Underway on 202,284 SF Industrial Project in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — GPI Crest, which is a joint venture between Giammalva Properties Inc. and Crest Realty Advisors, is underway on construction of a 202,284-square-foot industrial project in Brookshire, a western suburb of Houston. Known as Ninety West, the cross-dock building will be situated adjacent to Stream Realty Partners’ 2.3 million-square-foot Empire West development and will feature 36-foot clear heights. Powers Brown is the project architect, and Slate Construction is the general contractor. First Horizon Bank is financing the project, which is slated for a spring 2027 delivery. CBRE is the leasing agent.

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Loring-Towers-Salem-Massachusetts
Affordable HousingDevelopmentMassachusettsMultifamilyNortheast

Related Cos. Underway on $38M Renovation of Affordable Housing Community in Salem, Massachusetts

by Taylor Williams

SALEM, MASS. — Related Cos. is underway on the $38 million renovation of Loring Towers, a 250-unit affordable housing community located north of Boston in Salem that was built in 1974. Interior upgrades will cover floors, kitchen appliances and countertops and bathroom tubs, sinks and vanities. Related will also upgrade the lobby, community room and management office, repave the parking lot and add a carport structure. Lastly, ownership will replace the building’s roof and plumbing systems, enhance the security and HVAC systems, update the windows and elevators and install a basketball court and a new children’s playground. The renovations, which are expected to be complete in 2028, serve to preserve the property’s affordability status through 2056.

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DevelopmentNortheastRetail

JT Magen Completes 15,000 SF Cinema Project in Manhattan’s Chelsea District

by Taylor Williams

NEW YORK CITY — National general contractor JT Magen has completed construction of a 15,000-square-foot cinema project in Manhattan’s Chelsea district. Designed by Weiss Architecture, the two-story venue at 131 Eighth Ave. is known as Metro Private Cinema and is a retrofit of a former Duane Read drugstore. The venue features 20 individual private movie suites that can each accommodate between four to 20 viewers, as well as a full kitchen and bar.

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DevelopmentHealthcareMidwestMissouri

Lawrence Group Designs Renovations for SSM Health St. Joseph Cancer Center in Metro St. Louis

by Kristin Harlow

LAKE SAINT LOUIS, MO. — Lawrence Group has completed its work on the renovation and expansion of SSM Health St. Joseph Hospital’s Cancer Center in Lake Saint Louis. Lawrence Group’s healthcare studio provided architecture and interior design services on the recent multi-million-dollar project aimed at increasing treatment capacity and improving the patient experience for individuals navigating cancer care. A ribbon cutting ceremony took place July 28. The expanded center features space for additional clinical staff and new exam rooms, plus semi-private infusion bays complete with floor-to-ceiling windows for patients to view the nearby lake while receiving treatment. The building’s pharmacy, laboratory and waiting areas were also expanded.

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DevelopmentIndustrialMarylandSoutheastTop Stories

Anduril Industries to Invest $3.7B for 2 MSF Shipyard Facility in Maryland, Create 3,100 Jobs

by John Nelson

SPARROWS POINT, MD. — American defense contractor Anduril Industries has selected the 3,300-acre Tradepoint Atlantic logistics and industrial park in Maryland’s Baltimore County for the site of a new $3.7 billion shipbuilding operation. Dubbed Arsenal-2, the 2 million-square-foot facility will be developed on the former Bethlehem Steel site in Sparrows Point and will expand the U.S. Navy’s submarine industrial base. The facility is expected to directly create 3,100 permanent jobs in Maryland and support more than 14,000 jobs overall. The project is estimated to generate more than $2 billion in annual economic output, including $312 million in wages. Arsenal-2 represents the largest single private investment in Maryland and the state’s largest job creator in over a decade, according to the State of Maryland. “With this facility, thousands of Marylanders will have new pathways to work, wages and wealth through advanced training and high-skilled maritime manufacturing jobs,” says Maryland Gov. Wes Moore. “We thank Anduril for choosing Maryland, and we’re ready to build the future of the aerospace and defense economy together.” “Sparrows Point helped build the fleet that won World War II,” adds Brian Schimpf, co-founder and CEO of Anduril. “With Arsenal-2, Anduril will return large-scale shipbuilding to a site …

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Affordable HousingDevelopmentMultifamilyTexas

April Housing Underway on $21.5M Renovation of Arlington Affordable Housing Complex

by Taylor Williams

ARLINGTON, TEXAS — April Housing, Blackstone Real Estate’s affordable housing division, is underway on the $21.5 million renovation of Mayfield Park, a 11-building, 240-unit complex in Arlington that was built in 2000. The renovation is part of a resyndication that will preserve the property’s affordability status for another 30 years. Upgrades will include new flooring and appliances, new water heaters and HVAC systems, fresh painting and lighting, accessibility improvements and enhancements to amenity spaces. Benton Design Group is the project architect, and ICON Builders is the general contractor.

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DevelopmentFloridaLoansMultifamilySoutheast

PTM Partners Obtains $125M Construction Loan for Phase II of High-Rise Project in St. Petersburg, Florida

by Abby Cox

ST. PETERSBURG, FLA. — PTM Partners has obtained a $125 million construction loan to finance EDGE Collective II, a 330-unit residential development in downtown St. Petersburg’s EDGE District. Scott Wadler, Alec Fox, Mitch Sinberg, Matt Robbins and Brad Williamson of Berkadia arranged the three-year, floating-rate loan through an affiliate of GID on behalf of PTM Partners. Rising 20 stories, EDGE Collective II will feature 330 residential units with roughly 19,000 square feet of retail space. Further details of the project were not disclosed. Berkadia also advised PTM Partners on the debt and equity capitalization of Edge Collective’s first phase, including $42 million in construction financing for the Moxy St. Petersburg Downtown and the adaptive reuse components of the mixed-use development.

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