Development

NORMAN, OKLA. — Indianapolis-based developer Bremner Real Estate has broken ground on the Oklahoma University Health Stephenson Cancer Center at Norman Regional, 48,000-square-foot healthcare project that will be located just south of Oklahoma City. The facility, which will serve patients from Norman Regional Health System and OU Health, will feature an underground tunnel connection to the main hospital, 24 infusion bays, exam rooms and physician office spaces. Completion is slated for 2025.

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MIDLOTHIAN, VA. — A joint venture between HHHunt Cos. and GrayCo will soon develop The Aire at Westchester, a 334-acre master-planned community located at the intersection of the Midlothian Turnpike and State Route 288 in suburban Richmond’s Chesterfield County. The property will house 2,200 residential units and 180,000 square feet of commercial space upon completion. David Smith of Cushman & Wakefield | Thalhimer represented GrayCo, which is the landowner, in the joint venture arrangement. HHHunt is the managing partner of the ownership group. HHHunt and GrayCo plan to break ground on Phase I of The Aire at Westchester in the spring.

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CLERMONT, FLA. — Kolter Multifamily LLC, an affiliate of Delray Beach, Fla.-based The Kolter Group, has begun leasing Alton Serenoa, a 300-unit apartment community in Clermont. The property sits about 26 miles west of Orlando and serves as a multifamily component of Serenoa, a master-planned community. Alton Serenoa will feature a mix of one-, two- and three-bedroom floor plans, as well as a one-story clubhouse and a resort-style swimming pool. Monthly rental rates range from $1,535 to $2,305, according to the property website.

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NEW YORK CITY — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $140 million construction loan for a 354-unit multifamily project that will be located at 2366 Bedford Ave. in Brooklyn’s Flatbush neighborhood. Designed by S. Wieder Architect PC, the seven-story building will feature ground-floor retail space, onsite parking and amenities such as a café/business lounge, wet and dry saunas, golf simulator and a cycling studio. Leah Paskus of Landstone Capital Group arranged the loan on behalf of the borrower and developer, Clipper Equity. Completion is slated for the third quarter of 2025.

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SYRACUSE, N.Y. — Syracuse University will develop two new residence halls. The first community will be developed at 700 Ostrom Ave. and will offer 450 beds upon completion. An undisclosed architect has been selected for the project, with construction expected to begin this year. The university concurrently announced plans to demolish Marion Hall, Kimmel Hall and an existing dining center on the corner of Comstock and Waverly avenues to make way for a new residence hall. A timeline for the development was not disclosed.

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880-Winter-St.-Waltham

WALTHAM, MASS. — General contractor J. Calnan & Associates has completed a 52,000-square-foot life sciences project in the western Boston suburb of Waltham. The facility at 880 Winter St. is a build-to-suit for biotechnology user Lyra Therapeutics and features a 5,000-square-foot manufacturing space, quality control labs, support labs and office space. Perkins & Will served as the project architect, with BR&A Engineers handling that aspect of development. Boston Properties owns the building.

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PEKIN, ILL. — Five Below and Maurices are joining the tenant lineup at East Court Village in Pekin, just south of Peoria in central Illinois. The retailers, which are expected to open in fall 2025, join existing tenants Tractor Supply Co., Petco, Hobby Lobby and Dunham’s Sports. A former Bergner’s store is being redeveloped to make way for Five Below and Maurices, and additional tenants will be announced. The redevelopment project totals 42,000 square feet. Cullinan Properties Ltd. owns and manages East Court Village.

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1034-1042 Atlantic Ave

NEW YORK CITY — Walker & Dunlop has arranged a $109 million construction loan for a 247-unit multifamily project that will be located at 1034-1042 Atlantic Ave. in Brooklyn’s Prospect Heights neighborhood. The borrower is locally based developer EMP Capital Group. The development will consist of two adjoining buildings that will create a cross-block lot between Atlantic Avenue and Pacific Street. Units will come in studio, one-, two- and three-bedroom floor plans. More specifically, the unit mix will comprise 45 studios, 11 studio alcoves, 95 one-bedroom apartments, 44 one-bedroom residences with home offices, 49 two-bedroom units and three two-bedroom units with home offices. Amenities will include a tenant lounge, business center, screening room, karaoke room, golf simulator, game room, multiple party rooms, kids’ playrooms, social lounges and a nearly 2,000-square-foot fitness center. The property will also feature ground-floor retail space. Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Jordan Casella and William Herring of Walker & Dunlop arranged the five-year, interest-only loan through QuadReal Property Group. A tentative completion date was not disclosed. “Meticulously designed with floor plans that optimize all available square footage, 1034-1042 Atlantic Avenue’s two towers have been carefully crafted to pair a diverse, fair market and …

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700-River-Austin

AUSTIN, TEXAS — A partnership between High Street Residential, MSD Partners and River Street Partners has topped out 700 River, a 43-story apartment tower in Austin’s Rainey Street District. The 500-foot building will house 377 units in a mix of studio to three-bedroom residences, as well as several penthouses and 3,400 square feet of retail space. In addition, 700 River will feature more than 30,000 square feet of indoor and outdoor amenity space. HKS is the project architect, and DPR Construction is the general contractor. The first move-ins will begin this fall. Construction began in fall 2022.

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SUGAR LAND, TEXAS — Edloe Ventures, a real estate affiliate of the Edloe Health network (formerly known as Elite Health Services), has completed a 16,100-square-foot medical office building in the southwestern Houston suburb of Sugar Land. Telfair Medical Court, which is also now home to Edloe Imaging, is located at 6927 Brisbane Court. JLL is marketing the remainder of the space for lease.

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