Development Archives - REBusinessOnline

Midway Completes 320,000 SF CITYCENTRE Six Office Building in West Houston

Taylor Williams — Wed, 29 Apr 2026 14:24:58 +0000

HOUSTON — Locally based developer Midway has completed CITYCENTRE Six, a 320,000-square-foot office building in West Houston. The 19-story building was developed adjacent to a new half-acre urban plaza, which was designed by OJB Landscape Architecture, within the 47-acre mixed-use development of the same name. Building materials supplier Dow is the anchor tenant at CITYCENTRE Six, and the building was delivered 90 percent preleased. Other tenants include VoltaGrid, Octave and Enverus. Construction began in early 2024 and topped out last summer.

The post Midway Completes 320,000 SF CITYCENTRE Six Office Building in West Houston appeared first on REBusinessOnline.

Bonaventure Senior Living Underway on New Community in Corvallis, Oregon

Amy Works — Wed, 29 Apr 2026 13:38:07 +0000

CORVALLIS, ORE. — Bonaventure Senior Living is currently underway on the development of a new community in Corvallis. Scheduled to open in late 2027, the property will feature independent living, assisted living and memory care units. Amenities at the community will include a bistro, golf simulator, fitness center, library, theater room, salon and barber shop, activity and game rooms, courtyards and scheduled transportation services. The community will also include Bonaventure’s Life Stations, which recreate familiar environments for memory care residents. At the Corvallis community, these will include an Artists Life Station, Gardening Life Station, Fishing Life Station, Post Office Life Station and Classic Ice Cream Parlor Station, among others.

The post Bonaventure Senior Living Underway on New Community in Corvallis, Oregon appeared first on REBusinessOnline.

McHugh Construction, Powers & Sons Break Ground on 12-Story Affordable Housing Project in Chicago

Kristin Harlow — Wed, 29 Apr 2026 13:32:12 +0000

CHICAGO — McHugh Construction and joint venture partner Powers & Sons Construction, along with The Community Builders (TCB), have broken ground on Southbridge 1C, the latest phase in the redevelopment of the former Harold Ickes Homes at 2305 S. State St. in Chicago’s South Loop. The 12-story building will include 80 market-rate and affordable housing units in a mix of studio, one-bedroom and two-bedroom layouts. Located adjacent to the Cermak-McCormick Place CTA Green Line station, the development will feature a 1,500-square-foot, street-level retail space alongside a resident lobby. The first floor will include a bike room with 80 spaces, a dog wash station, package room, leasing office and back-of-house areas. Amenity spaces on the 12th floor will include a fitness area, outdoor terrace and resident storage. Developed by TCB and supported by the Chicago Department of Housing, Chicago Housing Authority (CHA), Illinois Housing Development Authority and the U.S. Department of Housing and Urban Development, the 76,000-square-foot project will receive $11.9 million in tax-increment financing assistance. Gensler designed the project. Construction is slated for completion in June 2027. Southbridge 1C will include 44 affordable housing units, representing 55 percent of the total unit count. Fifteen residences will be designated for families…

The post McHugh Construction, Powers & Sons Break Ground on 12-Story Affordable Housing Project in Chicago appeared first on REBusinessOnline.

Matan Breaks Ground on 250,000 SF Spec Industrial Facility in Stafford, Virginia

John Nelson — Wed, 29 Apr 2026 13:32:02 +0000

STAFFORD, VA. — Matan Cos. has broken ground on a 250,000-square-foot industrial facility located at the Courthouse Road interchange off I-95 in Stafford, about 44 miles south of Washington, D.C. The spec facility is the first property within Matan’s Venture Industrial park. The property will feature 36-foot clear heights, 52- by 47.5-foot column spacing, a 130-foot truck court, 60 dock doors, 243 parking spaces and four electric vehicle charging stations. Matan expects tenant build-outs at the facility to begin in May 2027 and for the building to be substantially complete by July 2027. The property can accommodate single or multiple users.

The post Matan Breaks Ground on 250,000 SF Spec Industrial Facility in Stafford, Virginia appeared first on REBusinessOnline.

Tavistock Signs Four Retailers at Lake Nona West Shopping Center in Orlando

John Nelson — Wed, 29 Apr 2026 13:29:33 +0000

ORLANDO, FLA. — Tavistock Development Co. has signed four new tenants to join the roster at Lake Nona West, a walkable, 405,000-square-foot shopping center underway in the Lake Nona master-planned community in Orlando. The 54-acre, Target-anchored shopping center is set to debut next month. New retailers joining the development include Drybar, Just Salad, Gloss Nail Co. and Kilwins Ice Cream. Previously announced tenants at Lake Nona West include Homesense, Barnes & Noble, Dick’s Sporting Goods, Golf Galaxy, Total Wine & More, JETSET Pilates, Nordstrom Rack, Sephora and Canonita, a Mexican restaurant.

The post Tavistock Signs Four Retailers at Lake Nona West Shopping Center in Orlando appeared first on REBusinessOnline.

MassHousing Provides $17.8M in Financing for Affordable Housing Project in Somerville, Massachusetts

Taylor Williams — Wed, 29 Apr 2026 13:29:15 +0000

SOMERVILLE, MASS. — MassHousing has provided $17.8 million in financing for a 43-unit affordable housing project in Somerville, located just outside of Boston. MassHousing also issued tax-exempt housing revenue bonds to finance the project, with TD Bank providing another $22.8 million in construction financing. The capital stack also includes $21.2 million in federal and state tax credits. The site at 24 Webster Ave. previously housed a vacant commercial building, which has since been demolished to make way for a six-story building that will have studio, one-, two- and three-bedroom units. Residences will be reserved for households earning between 30 and 60 percent of the area median income. The borrower is nonprofit organization Just A Start.

The post MassHousing Provides $17.8M in Financing for Affordable Housing Project in Somerville, Massachusetts appeared first on REBusinessOnline.

Realberry Breaks Ground on 140-Acre Avenue South Mixed-Use District at Centerra in Colorado

Kristin Harlow — Wed, 29 Apr 2026 12:00:00 +0000

LOVELAND, COLO. — Denver-based real estate investor and developer Realberry has begun vertical construction on the retail core of Avenue South, a 140-acre mixed-use project within the Centerra community in Loveland, 46 miles north of Denver. The development will create a walkable district integrating retail, office, dining and thousands of new homes at the intersection of I-25 and U.S. Highway 34. Approved by the City of Loveland in 2023, Avenue South will extend miles of trails and open space while introducing large-scale retail, dining and gathering places to keep pace with neighborhood growth, says Realberry. Plans for the retail core include 18 restaurants, 33 retailers and the first Whole Foods Market store in Loveland, located directly adjacent to The Marketplace at Centerra, one of northern Colorado’s largest contiguous shopping centers. A new 3.2-acre park, event lawn and amphitheater known as The Front Porch will anchor the district. At full build-out, Avenue South will feature nearly 2,000 residences, including 475 single-family homes and approximately 1,250 apartments, condos and townhomes. Plans call for 150,000 square feet of office space anchored by a 140,000-square-foot corporate headquarters for general contractor Hensel Phelps, which is relocating from nearby Greeley, Colo. Vertical residential construction is anticipated…

The post Realberry Breaks Ground on 140-Acre Avenue South Mixed-Use District at Centerra in Colorado appeared first on REBusinessOnline.

Constellation Real Estate to Develop 422,452 SF Industrial Project in Northwest Houston

Taylor Williams — Tue, 28 Apr 2026 14:45:52 +0000

HOUSTON — Constellation Real Estate Partners will develop a 422,452-square-foot industrial project in northwest Houston. Constellation Mills Road will be situated on a 37-acre site at 8175–8225 Mills Road and will consist of one cross-dock building totaling 334,447 square feet and one front-loading building totaling 88,005 square feet. The buildings will feature 32- and 36-foot clear heights and combined parking for 268 cars and 91 trailers. Construction is scheduled to begin in July and to be complete in the second quarter of 2027. Constellation has tapped KBC Advisors as the leasing agent.

The post Constellation Real Estate to Develop 422,452 SF Industrial Project in Northwest Houston appeared first on REBusinessOnline.

Extended Stay America Opens 146-Room Hotel in Houston’s Galleria District

Taylor Williams — Tue, 28 Apr 2026 14:41:08 +0000

HOUSTON — Extended Stay America has opened a 146-room hotel in Houston’s Galleria district. Extended Stay America Suites – Houston – Galleria is a pet-friendly hotel that features suites with fully equipped kitchens, including full-size refrigerators, stovetop microwaves and cookware, as well as dedicated work and dining areas. Communal amenities include a fitness center, grab-and-go market and onsite laundry facilities. An entity doing business as SAI RAM Galleria LLC owns the hotel.

The post Extended Stay America Opens 146-Room Hotel in Houston’s Galleria District appeared first on REBusinessOnline.

NEI Completes Construction of 166-Unit Seniors Housing Community in Winter Garden, Florida

John Nelson — Tue, 28 Apr 2026 13:14:37 +0000

WINTER GARDEN, FLA. — NEI General Contracting has completed the construction of a new senior living community located in Winter Garden, a western suburb of Orlando. NEI acted as the general contractor on behalf of the developer, Leo Brown Group. Dubbed Mission Grove at Stoneybrook, the property totals 166 units, with independent living and assisted living apartments and a dedicated memory care space. Amenities at the community include a swimming pool, pickleball courts, fireside lounges and a grab-and-go café.

The post NEI Completes Construction of 166-Unit Seniors Housing Community in Winter Garden, Florida appeared first on REBusinessOnline.

Barton Malow to Build 15,000-Seat Stadium for Detroit City Football Club

Kristin Harlow — Tue, 28 Apr 2026 13:00:23 +0000

DETROIT — Barton Malow has been selected as the construction manager for Detroit City Football Club’s new home stadium, AlumniFi Field. The privately funded, 15,00-seat venue will be built between Detroit’s Corktown and Mexicantown neighborhoods. Founded in 2012, Detroit City FC’s current home is Keyworth Stadium, a 7,000-seat venue. AlumniFi Field will be designed to evoke the atmosphere of European football stadiums, featuring a natural grass pitch and three permanent grandstands with canopies. The soccer stadium is also envisioned to host other sporting events, concerts and community programming. AlumniFi Field will rise on the site of the former Southwest Detroit Hospital, a Black-owned hospital that opened in 1973 and closed in 2006. It remained vacant until its demolition earlier this year. Barton Malow will work with Detroit City FC to incorporate a permanent installation in the new stadium that honors the former hospital’s legacy and contributions to the Detroit community. Site work for the project has commenced. Foundation work, structural steel installation and interior build-out will follow.

The post Barton Malow to Build 15,000-Seat Stadium for Detroit City Football Club appeared first on REBusinessOnline.

Nicholas & Associates, Wingspan Open Retail Stores at The VUE Mixed-Use Project in Metro Chicago

Kristin Harlow — Tue, 28 Apr 2026 12:58:19 +0000

ELK GROVE VILLAGE, ILL. — Nicholas & Associates and Wingspan Development Group of the Nicholas Family of Cos. have opened the initial commercial phase of The VUE, a 10-acre mixed-use development in Elk Grove Village. The retail spaces are home to Tensuke Market and Food Court, 7 Mile Cycles, Jarosch Bakery and Vini’s Pizza. Plans for The VUE include a 271-unit apartment community, 16 rental townhomes, a multi-story clubhouse with a pool and other amenities for residents and 52,000 square feet of retail space. A newly constructed and nearly completed pedestrian overpass will connect the development with the 3,500-acre Ned Brown Forest Preserve.

The post Nicholas & Associates, Wingspan Open Retail Stores at The VUE Mixed-Use Project in Metro Chicago appeared first on REBusinessOnline.

Henderson Park, GRP Break Ground on 266-Unit Build-to-Rent Community in Hardeeville, South Carolina

Abby Cox — Mon, 27 Apr 2026 14:22:53 +0000

HARDEEVILLE, S.C. — Henderson Park, an international private equity real estate firm, and Green Room Partners (GRP), a Charleston-based real estate development and investment firm, has broken ground on The Bower, a 266-unit build-to-rent community located in Hardeeville, about 17 miles north of Savannah. Situated off US-278 in the state’s Lowcountry region, the community will include amenities such as a centrally located clubhouse with a library, coworking space, community kitchen, lounge and fitness center. Outdoor amenities will include a swimming pool, kitchen and bar, cabana, grilling stations, pickleball courts, a putting green, fire pit and dog park, as well as an interconnected walking trail system. The amenity space will be completed by July 2027, while the first residences at The Bower are expected to deliver in November 2027.

The post Henderson Park, GRP Break Ground on 266-Unit Build-to-Rent Community in Hardeeville, South Carolina appeared first on REBusinessOnline.

Barings Provides $86.2M in Financing for Industrial Property in Bayonne, New Jersey

Taylor Williams — Mon, 27 Apr 2026 14:16:48 +0000

BAYONNE, N.J. — Barings has provided $86.2 million in bridge financing for a 355,580-square-foot industrial property in the Northern New Jersey community of Bayonne. Bridge Point Bayonne was built in 2024 on a 17.6-acre site that is approximately 1.5 miles from the New Jersey Turnpike. Building features include a cross-dock configuration, clear height of 40 feet, 70 dock doors, four drive-in doors and parking for 213 cars and 56 trailers. Jon Mikula, Michael Klein, Michael Lachs and Kevin Badger of JLL arranged the floating-rate loan on behalf of the borrower, Kurv Industrial, the Chicago-based investment and development firm formerly known as Bridge Industrial.

The post Barings Provides $86.2M in Financing for Industrial Property in Bayonne, New Jersey appeared first on REBusinessOnline.

Related Digital Secures Financing for $16B Oracle Data Center Project in Michigan

Hayden Spiess — Mon, 27 Apr 2026 11:06:00 +0000

SALINE TOWNSHIP, MICH. — Data center development and investment platform Related Digital has secured financing for Oracle’s $16 billion project in Saline Township, roughly 50 miles southwest of Detroit. Originally announced in October 2025, the development is being built for Oracle (NYSE: ORCL) as part of its partnership with OpenAI, an artificial intelligence (AI) research firm and operator best known for ChatGPT. In September 2025, OpenAI, Oracle and Softbank announced plans for the development of five new data centers as part of a $500 billion Stargate initiative. Financing for the project includes equity from Related Digital and funds affiliated with Blackstone (NYSE: BX), as well as fixed-rate, long-term financing from PIMCO (Pacific Management Investment Co.)-managed funds and accounts. Bank of America served as the structuring agent and financial advisor, and Goldman Sachs and Wells Fargo are acting as advisors to Related Digital. According to Related Digital, the new Michigan data center will create 2,500 construction jobs, as well as 450 permanent onsite positions and 1,500 permanent jobs throughout the county. The project will also preserve 750 acres of open space, farmlands and wetlands. DTE Energy is fully supplying power for the project, using existing resources and a new battery storage investment financed entirely by…

Newmark Arranges $94.4M Loan for Refinancing, Repositioning of Downtown Tampa Hotel

John Nelson — Fri, 24 Apr 2026 14:50:46 +0000

TAMPA, FLA. — Newmark has arranged a $94.4 million loan for the refinancing of Hotel Cala, formerly known as Hotel Tampa Riverwalk. The 281-room is located along the 2.6-mile Tampa Riverwalk overlooking the Hillsborough River in downtown Tampa. Jordan Roeschlaub, Nick Scribani, Ricky Braha, Tyler Dumon and Tate Keir of Newmark arranged the financing through Bain Capital and Smith Hill Capital on behalf of the borrower, a partnership between Newbond Holdings and Apollo. The ownership is executing a comprehensive repositioning strategy at Hotel Cala, including a full renovation and rebranding of the property into a luxury hotel under the Curio Collection flag. Renovations will include upgrades to guest rooms, meeting spaces and amenity offerings, including a flagship food-and-beverage concept. The construction timeline for the repositioning was not disclosed.

The post Newmark Arranges $94.4M Loan for Refinancing, Repositioning of Downtown Tampa Hotel appeared first on REBusinessOnline.

Noble Opens 148-Room Tempo by Hilton Savannah Historic District Hotel

John Nelson — Fri, 24 Apr 2026 14:48:48 +0000

SAVANNAH, GA. — Noble Investment Group has opened Tempo by Hilton Savannah Historic District, a 148-room hotel located at 220 E. Bryan St. in downtown Savannah. Situated off Reynolds Square and steps from the Savannah River, the hotel represents the first Tempo by Hilton property in Georgia. McKibbon Hospitality manages the hotel on behalf of Noble. Each hotel room offers spa-inspired bathrooms with Bluetooth speaker mirrors and Apotheke bath products; Sealy Accelerate mattresses; Peloton bikes; yoga mats; and resistance bands. Amenities include a lobby with gathering spaces, 3,000 square feet of meeting spaces and a 24-hour fitness center. Food-and-beverage offerings include Waving Girl Rooftop, a rooftop bar, and Bluestone Lane Café, an Australian-style café overlooking Reynolds Square.

The post Noble Opens 148-Room Tempo by Hilton Savannah Historic District Hotel appeared first on REBusinessOnline.

FRP Development Completes 200,000 SF Industrial Facility in Delray Beach, Florida

John Nelson — Fri, 24 Apr 2026 14:46:43 +0000

DELRAY BEACH, FLA. — FRP Development Corp. has completed the first phase of Logistics Center at Delray, a 40-acre industrial park underway in west Delray Beach. Situated along Route U.S. 441 in South Florida’s Palm Beach County, Phase I of the park comprises a 200,000-square-foot facility with 36-foot ceiling heights, 215 parking spaces and 45 dock doors. Christopher Thomson, Matthew McAllister and Eric Cantor of Cushman & Wakefield are handling the leasing assignment for the facility, which is divisible to 30,000 square feet. FRP Development is developing the park in partnership with PCCP LLC. At full build-out, Logistics Center at Delray will span three buildings totaling approximately 600,000 square feet.

The post FRP Development Completes 200,000 SF Industrial Facility in Delray Beach, Florida appeared first on REBusinessOnline.

Novare, BCDC Welcome Residents to 271-Unit Apartment Community in Knoxville

John Nelson — Fri, 24 Apr 2026 14:45:08 +0000

KNOXVILLE, TENN. — A joint venture between Novare Group and Batson-Cook Development Co. (BCDC) has begun tenant move-ins at Elmstead West Knoxville, a 271-unit apartment community located at 962 Mabry Hood Road in Knoxville. The property features a mix of one-, two- and three-bedroom residences, as well as a resort-style pool, private garages, coworking lounge, fitness center, clubroom, grilling stations, fire pits, a dog park and pet spa. Monthly rental rates at Elmstead West Knoxville start at $1,557, according to the property website. The design-build team includes architect Dynamik Design and general contractor Summit Contracting Group. SouthState Bank provided construction financing to Novare and BCDC.

The post Novare, BCDC Welcome Residents to 271-Unit Apartment Community in Knoxville appeared first on REBusinessOnline.

CapRock Partners Begins Development of 483,128 SF Industrial Project in Sunnyvale, Texas

Taylor Williams — Fri, 24 Apr 2026 14:13:20 +0000

SUNNYVALE, TEXAS — California-based development and investment firm CapRock Partners has broken ground on Clay Road Business Park, a 483,128-square-foot industrial project in Sunnyvale, an eastern suburb of Dallas. Clay Road Business Park will consist of three shallow-bay buildings that will total 124,140, 155,802 and 203,186 square feet. Buildings will feature 32- to 36-foot clear heights, 81 dock-high doors, six grade-level doors and parking for 517 cars and 67 trailers. Greg Brown, Greg Napper, Peter Thompson, Kyle White and Nick Englhard of JLL arranged an undisclosed amount of construction financing for the project through an unnamed regional bank. The loan carried a floating interest rate and a 3.5-year term with two one-year extension options.

The post CapRock Partners Begins Development of 483,128 SF Industrial Project in Sunnyvale, Texas appeared first on REBusinessOnline.