Development Archives - REBusinessOnline

Corning to Develop Manufacturing Facility in Hickory, North Carolina as Part of $6B Meta Deal

John Nelson — Thu, 29 Jan 2026 15:53:32 +0000

HICKORY, N.C. — Corning Inc. has announced plans to develop a new optical cable manufacturing facility in Hickory, about 58 miles northwest of Charlotte. The new plant is part of the New York-based tech manufacturing firm’s multi-year, up to $6 billion agreement with Meta Platforms Inc., the parent company of Facebook and Instagram. Meta will serve as the anchor client of the manufacturing facility. The agreement will help accelerate the build-out of advanced data centers to support Meta’s various apps and technologies, including its Llama AI platform. Under the agreement, Corning will supply Meta with “its newest innovations in optical fiber, cable and connectivity solutions.” The new factory and increased investment in Corning’s existing North Carolina footprint are expected to create 5,000 new jobs, including scientists, engineers and production teams. The initiative is expected to increase Corning’s employment in North Carolina by 15 to 20 percent. Back in October, Corning acquired 32.9 acres in Trivium Corporate Center, a 378-acre business park in Hickory, and agreed to invest $170 million to $267.9 million and create 132 jobs at the park.

The post Corning to Develop Manufacturing Facility in Hickory, North Carolina as Part of $6B Meta Deal appeared first on REBusinessOnline.

Partnership Breaks Ground on 194,232 SF Industrial Facility in Charlotte

John Nelson — Thu, 29 Jan 2026 15:32:48 +0000

CHARLOTTE, N.C. — A partnership between Iconic Equities, Shoreline Capital, Overlook Ventures and LaSalle Investment Management has broken ground on Pineville Distribution Center, a 194,232-square-foot industrial facility in Charlotte’s Southwest submarket. The property is located on 15 acres at 10203 Pineville Distribution St. The ownership has tapped Bradley Dunn and Bill Wood of Trinity Partners to lease Pineville Distribution Center. The co-developers plan to deliver the facility in mid-to-late 2026. Physical features of the project were not released.

The post Partnership Breaks Ground on 194,232 SF Industrial Facility in Charlotte appeared first on REBusinessOnline.

Waldorf Astoria Hotels & Resorts to Join Deer Valley East Village in Park City, Utah

Amy Works — Thu, 29 Jan 2026 14:48:10 +0000

PARK CITY, UTAH — New York-based Extell Development Co. and Hilton have announced that Waldorf Astoria Deer Valley Resort and Residences will join Deer Valley East Village in Park City. Slated to debut in 2028, the ski-in, ski-out resort will be the first major public alpine ski resort to be developed in North America in more than 40 years. Waldorf Astoria Deer Valley Resort and Residences will feature 132 hotel keys and 105 one- to six-bedroom branded residences available for purchase ranging from 1,099 square feet to 5,155 square feet across two towers. The for-purchase units will include 56 hotel residences located above the hotel and 49 private residences in a standalone Waldorf Astoria Residences Deer Valley tower. Onsite amenities will include a 15,000-square-foot state-of-the-art spa with treatment rooms, thermal features and a snow room; fitness centers; ski valley and concierge services; a golf simulator; a kid’s room; a resident’s pool deck along the Green Monster, Deer Valley’s 4.8-mile ski run; an indoor lap pool; and an outdoor pool and hot tub cantilevered over the ski run below. The property will also feature numerous bars, restaurants and lounges, including Waldorf Astoria’s signature Peacock Alley; 11,300 square feet of meeting and event…

The post Waldorf Astoria Hotels & Resorts to Join Deer Valley East Village in Park City, Utah appeared first on REBusinessOnline.

HSR, Haseko North America Close on Land, Secure Loan for 281-Unit Apartment Complex in Los Angeles

Amy Works — Thu, 29 Jan 2026 14:46:13 +0000

LOS ANGELES — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co., and joint venture partner Haseko North America have closed on the land and secured a loan for the development of Jules San Pedro, an apartment community in Los Angeles’ San Pedro Waterfront Arts District. The site was acquired on Jan. 13. Terms of the transaction were not disclosed. Situated waterfront at 155 W. 6th St., the eight-story multifamily property will feature 281 apartments and 1,276 square feet of ground-floor corner retail space. Jules San Pedro will occupy a 1.2-acre full city block and is directly adjacent to the new Piazza Miramere. Designed by KFA Architecture, Jules San Pedro will offer a mix of studio, one- and two-bedroom floor plans. Community amenities will include a pool deck and courtyard with a sauna, spa and clubhouse, a central water-facing courtyard with indoor/outdoor fitness, a sky lounge and rooftop deck, multiple barbecue areas, a pet spa and an oversized coworking space with multiple conferences and work areas. The project will be Greenpoint Rated and feature sustainable elements, including electric vehicle charging stations and a rooftop, net-metered solar photovoltaic system. Groundbreaking is slated for later this quarter, with delivery scheduled for…

The post HSR, Haseko North America Close on Land, Secure Loan for 281-Unit Apartment Complex in Los Angeles appeared first on REBusinessOnline.

Fairstead Buys East Houston Affordable Housing Community for $43.3M, Plans $14M Renovation

Taylor Williams — Thu, 29 Jan 2026 14:40:23 +0000

HOUSTON — Fairstead, an affordable housing owner-operator based in New York City, has purchased Coolwood Oaks, a 168-unit affordable housing complex in East Houston, for $43.3 million. Built in 1984, the 10-building property houses units that are reserved for households earning 60 percent or less of area median income. Fairstead plans to implement a $14 million renovation of the property and has tapped DNA Workshop as the architect and interior designer for the project. Financing for the acquisition and capital improvements included LIHTC equity and loans from a variety of sources, including PNC Bank, Houston Housing Finance Corp. (HHFC) and the Texas Department of Housing and Community Affairs (TDHCA).

The post Fairstead Buys East Houston Affordable Housing Community for $43.3M, Plans $14M Renovation appeared first on REBusinessOnline.

Accesso to Renovate 235,620 SF Office Building in West Houston

Taylor Williams — Thu, 29 Jan 2026 14:34:35 +0000

HOUSTON — Accesso, a Florida-based owner-operator, will renovate 3900 Essex, a 235,620-square-foot office building in West Houston. Plans for the capital improvement project include lobby renovations and construction of several spec suites throughout the 12-story building. These upgrades build on recently completed enhancements of the HVAC, fire and security systems and newly updated common areas and amenity spaces at 3900 Essex, including a fitness center and a conference facility. Accesso also secured a two-year loan extension in conjunction with the announcement of new capital improvements.

The post Accesso to Renovate 235,620 SF Office Building in West Houston appeared first on REBusinessOnline.

Lurie Children’s Plans Pediatric Hospital in Suburban Chicago

Kristin Harlow — Thu, 29 Jan 2026 14:14:43 +0000

DOWNERS GROVE, ILL. — Ann & Robert H. Lurie Children’s Hospital of Chicago has begun plans to develop a low-acuity pediatric hospital in Downers Grove, a western suburb of Chicago. The proposed hospital will include a pediatric emergency department, surgery sites, inpatient beds and pediatric subspecialties such as oncology, cardiology, gastroenterology and orthopedics. The new facility would be Lurie Children’s first inpatient hospital outside its main location in Chicago’s Streeterville neighborhood. Lurie Children’s says the Downers Grove hospital represents a key component of its strategic growth initiatives, reflecting the organization’s evolution from a single hospital into an integrated pediatric healthcare system. The announcement comes on the heels of Lurie Children’s opening a new outpatient center in Schaumburg in 2025. In addition to its flagship hospital in Chicago, Lurie Children’s offers care through more than 20 outpatient centers and 10 partner hospitals across Chicagoland. A design-build team led by Clayco will also include healthcare design and construction expertise from Skender, ZGF and LJC. The project is subject to regulatory approvals.

The post Lurie Children’s Plans Pediatric Hospital in Suburban Chicago appeared first on REBusinessOnline.

Rockefeller Group to Develop 486,850 SF Industrial Project in Pemberton, New Jersey

Taylor Williams — Wed, 28 Jan 2026 16:08:56 +0000

PEMBERTON, N.J. — New York City-based Rockefeller Group will develop a 486,850-square-foot industrial project in Pemberton, located about 35 miles east of Philadelphia. The site spans 100 acres at 2554 U.S. Route 206, and the two-building development will be known as 206 Logistics Center. Building features will include clear heights of 36 to 40 feet, ESFR sprinkler systems and “ample” trailer parking. A construction timeline was not announced. Jonathan Klear and Fred Meyer of NAI Mertz represented Rockefeller Group in its acquisition of the land. NAI Mertz has also been retained to market the project for lease, sale and/or build-to-suit opportunities.

The post Rockefeller Group to Develop 486,850 SF Industrial Project in Pemberton, New Jersey appeared first on REBusinessOnline.

Slate, RiseBoro Complete 318-Unit Affordable Housing Redevelopment Project in Queens

Taylor Williams — Wed, 28 Jan 2026 16:01:12 +0000

NEW YORK CITY — A partnership between locally based developer Slate Property Group and RiseBoro Community Partnership has completed a 318-unit affordable housing redevelopment project in Queens. The property, which is known as Baisley Pond Park Residences, is a conversion of the 350-room JFK Hilton Hotel in the borough’s Jamaica neighborhood, which was originally built in 1987 and is located about half a mile from JFK International Airport. The new complex houses studio, one- and two-bedroom units and amenities such as a fitness center, computer lounge and multiple common rooms. Aufgang Architects designed the project. Leasing began last spring.

The post Slate, RiseBoro Complete 318-Unit Affordable Housing Redevelopment Project in Queens appeared first on REBusinessOnline.

AJ Capital Obtains $475M Construction Loan for Mixed-Use Redevelopment in Nashville

John Nelson — Wed, 28 Jan 2026 15:57:30 +0000

NASHVILLE, TENN. — AJ Capital Partners has obtained a $475 million construction loan for Belle Meade Village, a 15.5-acre retail and residential village underway in Nashville. Located on the border of Belle Meade, Tenn., the project is a redevelopment of an under-utilized shopping center. Raymond James Real Estate Investment Banking arranged the financing through Barings on behalf of AJ Capital. Belle Meade Village will feature 1 Iris Lane, The Residences at Belle Meade Village, which are a pair of two 46-unit condominium buildings. The condos have a starting price of $3 million and come in one- to four-bedroom layouts. Residents have access to 16,000 square feet of amenity space, including high-end fitness and wellness features and private wine and cigar rooms, among other attractions. The project also includes a five-acre private park and a central courtyard space with an antique carousel surrounded by a seven-building retail village that will feature local and global brands, a private members’ club and a boutique hotel. AJ Capital broke ground on Belle Meade Village last October, with plans to wrap up construction by 2028. The design-build team includes Meyer Davis (interior design for 1 Iris Lane), Brasfield & Gorrie (general contractor), Barge Civil Associates…

The post AJ Capital Obtains $475M Construction Loan for Mixed-Use Redevelopment in Nashville appeared first on REBusinessOnline.

ULC Opens Ground-Up Affordable Housing Development in Denver

Amy Works — Wed, 28 Jan 2026 14:57:03 +0000

DENVER — Urban Land Conservancy (ULC), a Denver-based affordable housing nonprofit, has completed construction and opened The Irving at Mile High Vista in Denver’s West Colfax neighborhood. Located at 3.270 W. Colfax Ave., the 102-unit community serves households earning up to 20 to 80 percent of area median income. With ULC’s ownership of the land through a community land trust, affordability is guaranteed for 99 years. The Irving is adjacent to the Denver Public Library’s Corky Gonzales branch. The architect was Studio Completiva, and the general contractor was Pinkard Construction. The project is ULC’s first ground-up development. The land stewardship group acquired the property in 2010.

The post ULC Opens Ground-Up Affordable Housing Development in Denver appeared first on REBusinessOnline.

Kraus-Anderson Completes $29.8M Public Works Facility in Mankato, Minnesota

Kristin Harlow — Wed, 28 Jan 2026 14:33:44 +0000

MANKATO, MINN. — Kraus-Anderson has completed a new public works facility for Blue Earth County on a 40-acre greenfield site in Mankato, a city in southern Minnesota. Designed by ISG Architects, the $29.8 million facility features an 89,363-square-foot main building with office space, an exercise room, shop areas, locker rooms, garage parking, three overhead cranes and a multipurpose room for county and public use. The project also includes a 30,000-square-foot vehicle storage building, an 1,100-square-foot fuel island and a 14,000-square-foot salt and sand storage building with a 90,000-gallon water tank to supplement the fire suppression system for the campus. Construction began in October 2024.

The post Kraus-Anderson Completes $29.8M Public Works Facility in Mankato, Minnesota appeared first on REBusinessOnline.

Amazon to Close Go and Fresh Physical Stores, Plans to Open 100 Whole Foods Locations

Kristin Harlow — Wed, 28 Jan 2026 13:00:00 +0000

SEATTLE — Amazon (NASDAQ: AMZN) has unveiled plans to close its Amazon Go and Amazon Fresh physical stores, converting various locations into Whole Foods Market stores. The Seattle-based e-commerce giant states that it hasn’t “yet created a truly distinctive customer experience with the right economic model needed for large-scale expansion.” Customers can continue to shop Amazon Fresh online in available areas for delivery. At the same time, Amazon plans to open more than 100 new Whole Foods Market stores over the next few years, citing increased investment in “physical stores that are resonating with customers.” Amazon acquired the Austin-based natural and organic foods grocer in 2017 in a $13.7 billion deal. Since then, the brand has experienced over 40 percent sales growth and expansion to more than 550 locations. There are 14 Amazon Go convenience stores located in Washington, California, Illinois and New York. According to the company, Amazon Go locations served as innovation hubs where Amazon developed Just Walk Out technology — now a scalable checkout-free solution operating in over 360 third-party locations across five countries. There are 58 Amazon Fresh grocery stores located in California, Illinois, New York, New Jersey, Maryland, Pennsylvania, Washington, Viriginia and Tennessee. Amazon says…

The post Amazon to Close Go and Fresh Physical Stores, Plans to Open 100 Whole Foods Locations appeared first on REBusinessOnline.

Eastdil Secured Arranges $140.7M in Construction Financing for Metro Philadelphia Multifamily Project

Taylor Williams — Tue, 27 Jan 2026 16:13:28 +0000

ARDMORE, PA. — Eastdil Secured has arranged $140.7 million in construction financing for a 270-unit multifamily project in Ardmore, a northwestern suburb of Philadelphia. The development is known as The Plaza at Ardmore, and the financing consists of a $112.6 million senior loan from Bank OZK and a $28.1 million mezzanine loan from Affinius Capital. Units will come in studio, one-, two- and three-bedroom floor plans. Amenities will include a pool, outdoor grilling and dining stations, a fitness center and dedicated coworking and private study spaces, as well as 30,000 square feet of ground-floor retail space. Nick Seidenberg of Eastdil Secured arranged the financing on behalf of the borrower, an affiliate of Piazza Auto Group, which has partnered with Radnor Property Group for the overseeing of development and construction of the project. A tentative completion date was not announced.

The post Eastdil Secured Arranges $140.7M in Construction Financing for Metro Philadelphia Multifamily Project appeared first on REBusinessOnline.

Hillwood Breaks Ground on Spec Industrial Project in Hamilton, New Jersey

Taylor Williams — Tue, 27 Jan 2026 16:05:14 +0000

HAMILTON, N.J. — Texas-based developer Hillwood has broken ground on a speculative industrial project in Hamilton, located outside of Trenton in Central New Jersey. The square footage was not disclosed. The 36-acre site at 2772 Kuser Road is located less than two miles from Exit 7A off the New Jersey Turnpike, and the building will feature a clear height of 36 feet. Completion is slated for the third quarter. Cushman & Wakefield has been named as the leasing agent.

The post Hillwood Breaks Ground on Spec Industrial Project in Hamilton, New Jersey appeared first on REBusinessOnline.

MSC Group Opens 130,000 SF Office in Miami for North American Cruise Headquarters

John Nelson — Tue, 27 Jan 2026 12:58:00 +0000

MIAMI — MSC Group, a privately owned cruise ship operator based in Geneva, has opened a new 130,000-square-foot office in downtown Miami. The new offices house the headquarters of the company’s North American Cruise Division and brings together 400 MSC Group team members from both of the company’s brands: MSC Cruises (23 ships) and Explora Journeys (two luxury ships). “I am thrilled to welcome MSC Group’s North American Cruise Division headquarters to Miami-Dade County, just a few miles from PortMiami,” says Daniella Levine Cava, Mayor of Miami-Dade County. “This exciting investment will create hundreds of new jobs, generate meaningful economic impact and further strengthen Miami-Dade’s position as a global hub for cruise and cargo operations.” Cava and other civic and private stakeholders held a ribbon-cutting ceremony yesterday at Sawyer’s Walk to welcome MSC Group. MSC Group invested $100 million into the build-out of the new offices, which occupy the full seventh floor of Block 55 within Sawyer’s Walk, a 1.5 million-square-foot mixed-use development by SG Holdings. Other uses at Sawyer’s Walk include an 18-story affordable seniors housing tower and 180,000 square feet of retail space leased to tenants including Target, Five Below, Aldi, CVS, Starbucks, Ross Dress for Less and Burlington.…

The post MSC Group Opens 130,000 SF Office in Miami for North American Cruise Headquarters appeared first on REBusinessOnline.

Azul Hospitality Group Opens 173-Room Hilton Arcadia Los Angeles Hotel

Amy Works — Mon, 26 Jan 2026 14:29:11 +0000

ARCADIA, CALIF. — San Diego-based Azul Hospitality Group has opened Hilton Arcadia Los Angeles, a full-service Hilton-branded hotel in Arcadia. The 173-room property includes a mix of guest rooms and suites, approximately 17,800 square feet of flexible indoor and outdoor meeting and event space, a heated outdoor pool, fitness center and business hub. Additionally, the hotel features three food-and-beverage outlets, including Hipico rooftop restaurant and terrace; 19Seventy at the Ovalo Restaurant & Bar, an all-day dining concept; and Sottaku by Kisen & Kaiseki Motoishi, a speciality sushi and Japanese dining outlet. Situated near the historic Santa Ana Racetrack, the hotel also offers racetrack-facing views from select rooms. Azul Hospitality Group operates properties in 29 markets across 11 states, with a portfolio that includes 21 global hotel brands. Azul also manages and concepted more than 40 independently branded restaurants and skyline bars, as well as cafés, counter-service concepts and speakeasies.

The post Azul Hospitality Group Opens 173-Room Hilton Arcadia Los Angeles Hotel appeared first on REBusinessOnline.

DSI Completes 200,000 SF Warehouse Expansion for Frain Industries in Metro Chicago

Kristin Harlow — Mon, 26 Jan 2026 14:03:00 +0000

CAROL STREAM, ILL. — Development Solutions Inc. (DSI) has completed a 200,000-square-foot warehouse and showroom expansion for Frain Industries at 245 E. North Ave. in Carol Stream. The addition brings Carol Stream-based Frain’s facility to a total of approximately 530,000 square feet. The project enhances Frain’s capabilities in packaging and processing equipment solutions.

The post DSI Completes 200,000 SF Warehouse Expansion for Frain Industries in Metro Chicago appeared first on REBusinessOnline.

Venu to Open $150M Amphitheater at Flyway District in Webster, Texas

Taylor Williams — Mon, 26 Jan 2026 13:33:00 +0000

WEBSTER, TEXAS — Venu, a hospitality and entertainment owner-operator based in Colorado, has signed a letter of intent to open a 12,500-seat amphitheater in Webster, a southeastern suburb of Houston. According to local media sources, including Community Impact Newspaper and CultureMap Houston, the project is valued at $150 million. Known as Sunset Amphitheater Houston and spanning 34 acres, the venue will be located within Flyway, an 80-acre entertainment district that is anchored by Great Wolf Lodge. Former Dallas Cowboys quarterback Troy Aikman is a partner on the project via the Aikman Club, a 350-seat, membership-based elevated space that will be located at the center of the venue. A construction timeline was not announced.

The post Venu to Open $150M Amphitheater at Flyway District in Webster, Texas appeared first on REBusinessOnline.

Broadway Street Completes 252-Unit Affordable Housing Project in Round Rock, Texas

Taylor Williams — Mon, 26 Jan 2026 13:31:00 +0000

ROUND ROCK, TEXAS — Minnesota-based Broadway Street Development has completed The Preserve at Mustang Creek, a 252-unit affordable housing project in the northern Austin suburb of Round Rock. Designed by Merriman Anderson Architects and built by Cadence McShane, the property offers one-, two-, three- and four-bedroom units that are reserved for households earning between 30 and 60 percent of the area median income. Amenities include a pool, outdoor grilling and dining stations, a playground, fitness center, café kitchen and an activity room. The Texas Department of Housing and Community Affairs provided partial funding for the project. Construction began in fall 2023.

The post Broadway Street Completes 252-Unit Affordable Housing Project in Round Rock, Texas appeared first on REBusinessOnline.