Development Archives - REBusinessOnline

Carrier Global to Invest $600M in HVAC Manufacturing Facility in Fort Worth, Create 1,500 Jobs

Taylor Williams — Thu, 29 Oct 2026 15:18:00 +0000

FORT WORTH, TEXAS — Carrier Global Corp. (NYSE: CARR) will invest approximately $600 million in a new HVAC manufacturing and engineering facility in Fort Worth, an initiative that is expected to add about 1,500 new jobs to the local economy over the next three years. The site is located within Hillwood’s AllianceTexas master-planned community on the city’s north side. The facility will span approximately 1 million square feet and produce advanced thermal management systems, including air- and water-cooled commercial chillers. Carrier expects to begin operations at the facility sometime next year.

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Partners Development Breaks Ground on 80,000 SF Industrial Project in Seguin, Texas

Taylor Williams — Thu, 29 Oct 2026 15:12:52 +0000

SEGUIN, TEXAS — Partners Development, an affiliate of Partners Real Estate, has broken ground on an 80,000-square-foot industrial project in Seguin, located northeast of San Antonio. The project, which will feature two 40,000-square-foot buildings, represents Phase I of Seguin Commerce Park, a development that is ultimately planned to comprise eight buildings totaling 234,600 square feet. Palladius Capital Management provided construction financing for Phase I of the project, which is slated for a late spring/early summer 2027 delivery. Partners is also marketing the buildings for lease and/or sale.

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PCCP Provides $130M Construction Loan for Newark Multifamily Project

Taylor Williams — Thu, 29 Oct 2026 14:47:08 +0000

NEWARK, N.J. — Los Angeles-based PCCP LLC has provided a $130 million senior construction loan for a 501-unit multifamily project in Newark. The project represents Phase II of a larger development known as Ballantine and will consist of 400 market-rate units and 101 affordable housing units, as well as a 57,500-square-foot Food Bazaar grocery store, within a seven-story building. Residences will come in studio, one-, and two-bedroom floor plans, and amenities will include a fitness center with a yoga studio, two courtyards, a pool, basketball court and coworking space. The borrower, a joint venture between Bogopa Enterprises and Shorewood Real Estate Group, expects to complete the project in late 2028.

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JLL Negotiates $58M Sale of Multifamily Development Site in Downtown Brooklyn

Taylor Williams — Thu, 29 Oct 2026 14:45:23 +0000

NEW YORK CITY — JLL has negotiated the $58 million sale of a 13,707-square-foot multifamily development site in downtown Brooklyn. The site at 55 Smith St./160 Livingston St. can support between 137,000 and 164,000 buildable square feet of product and is eligible for the state’s 485-x affordable housing tax incentive. Mike Mazzara, Ethan Stanton, Brendan Maddigan and Drew Isaacson of JLL represented the seller, Edison Properties, in the transaction. The buyer, CW Realty Group, did not disclose specific development plans for the site.

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Truist Provides $152M Construction Loan for Marina Shores Multifamily Project in Long Beach

Amy Works — Thu, 29 Oct 2026 13:50:49 +0000

LONG BEACH, CALIF. — Truist has closed a $152 million construction loan for Marina Shores, an apartment community at 6615 E. Pacific Coast Highway in Long Beach. Carmel Properties is developing the asset. The six-story project will convert an office complex and surface lot into a mixed-income community with 390 apartments and approximately 5,400 square feet of ground-floor retail space. Construction began in October, with completion slated for March 2029. Truist served as administrative agent and sole bookrunner on the development loan. Jason Paxton and Walt Reece led the transaction.

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Origin Investments, Mill Creek Residential to Develop 190-Unit Apartment Community in Old Town Scottsdale

Amy Works — Thu, 29 Oct 2026 13:49:31 +0000

SCOTTSDALE, ARIZ. — Origin Investments and Mill Creek Residential have unveiled plans to develop Modera Old Town, a multifamily property in Old Town Scottsdale. Construction on the 190-unit property will begin in October, with completion slated for mid-2029. The new development is the second venture between Origin and Mill Creek Residential and is an expansion of Mill Creek’s Modera brand. Situated on 2 acres at 7120 E. Indian School Road, Modera Old Town will feature 73 one-, 101 two- and 16 three-bedroom apartments averaging 1,076 square feet. Apartment interiors will include stainless steel appliances, quartz countertops, tile backsplashes, vinyl-plank flooring, premium cabinetry, kitchen islands, undermount sinks, under-cabinet lighting, full-size washers/dryers, private patios or balconies, roller shades and smart home features. Community amenities will include a resort-style pool, an outdoor kitchen, poolside cabanas, lounge seating, and outdoor grilling and entertainment areas with a fire feature. Additional amenities will include a resident clubhouse, entertainment lounge, modern dining and bar space, a fitness center, coworking spaces and private conferences rooms. For Origin, Modera Old Town represents the final investment in its Opportunity Zone Fund III and its 22nd overall opportunity zone development. Modera Old Town is Mill Creek’s 12th opportunity zone development.

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Venture One, BGO to Break Ground on 719,200 SF Spec Industrial Facility in Geneva, Illinois

Kristin Harlow — Thu, 29 Oct 2026 13:40:56 +0000

GENEVA, ILL. — Venture One Real Estate, in partnership with BGO, will break ground on Venture Park Geneva, a 719,200-square-foot speculative industrial development in Geneva. The project site, spanning 54 acres, is located within the Fox Valley industrial submarket and offers convenient access to I-88 via the full interchange at Farnsworth Avenue. The facility will offer flexibility to accommodate users requiring 400,000 square feet or more. The project will feature a clear height of 40 feet, 120 dock positions and 555 car parking stalls. Brian Kling and Reed Adler of Colliers will market the property for lease.

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Hillpointe Opens 312-Unit Multifamily Community in White, Georgia

Abby Cox — Thu, 29 Oct 2026 13:33:29 +0000

WHITE, GA. — Winter Park, Fla.-based Hillpointe has opened Pointe Grand Cassville, a 312-unit, garden-style multifamily community located in White, a northwest suburban node of Atlanta in Bartow County. Pointe Grand Cassville is Hillpointe’s third community to open in Georgia this year. The community offers two-bedroom, two-bathroom apartments spanning 1,170 square feet in size. Amenities include a resort-style swimming pool with private cabanas; pickleball courts; 24-hour fitness center; clubhouse with a coffee and tea bar; business center; outdoor grilling pavilion; community fire pit; leash-free dog park; pet spa; valet trash service; community Wi-Fi; and electric vehicle charging stations. Monthly rental rates begin at $1,659, according to Apartments.com.

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Joint Venture Breaks Ground on Retail Component of 101-Acre Mixed-Use Project in Kyle, Texas

Taylor Williams — Wed, 28 Oct 2026 15:06:26 +0000

KYLE, TEXAS — A joint venture between Houston-based developer NewQuest and Transwestern Investments has broken ground on the retail component of Kyle Park, a 101-acre mixed-use project located at the northeast corner of I-35 and Bebee Road in Central Texas. The retail component of Kyle Park will feature a 412,588-square-foot lifestyle center that is preleased to tenants such as Dick’s Sporting Goods, Burlington, HomeGoods, ULTA Beauty, TJ Maxx, Barnes & Noble, Boot Barn and EōS Fitness. The development is also planned to include hospitality and multifamily uses. An expected completion date for the retail component was not announced.

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Henley Capital Underway on Hotel Redevelopment Project Near Downtown Dallas

Taylor Williams — Wed, 28 Oct 2026 15:00:11 +0000

DALLAS — Locally based development and investment firm Henley Capital is underway on a hotel redevelopment project near downtown Dallas. Demolition of the former City Inn & Suites hotel at 223 S. Ewing Ave., which is located adjacent to Halperin Park and about four miles south of downtown, began in mid-August. Henley Capital plans to redevelop the site into a mixed-use property with multifamily and retail components, with the potential to incorporate other uses as well. Susser Bank is financing the project, an expected completion date of which was not announced.

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Partnership Completes 22-Story Apartment Building in Brooklyn

Taylor Williams — Wed, 28 Oct 2026 14:10:38 +0000

NEW YORK CITY — A partnership between Tavros Holdings and Charney Cos. has completed Nevins Landing South, a 22-story apartment building in Brooklyn. The building totals 320 units, 80 of which (25 percent) are reserved as affordable housing, and is part of the 2,200-unit Gowanus Wharf development. Amenities include a pool, spa, fitness center, terrace lounge, coworking suite, entertainment lounge and a golf simulator, and the building also houses 29,000 square feet of retail space. Fogarty Finger served as project architect. Affinius Capital and Kennedy Wilson provided construction financing for the project. Leasing began late this summer, at which point rents started at $3,250 per month for a studio apartment.

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Scannell Properties Buys 7.5 Acres in Auburn, Washington for Industrial Development

Amy Works — Wed, 28 Oct 2026 13:47:50 +0000

AUBURN, WASH. — Scannell Properties has acquired a 7.5-acre site in Auburn for the development of a speculative industrial building. Terms of the transaction were not released. The planned 185,000-square-foot building will feature a clear height of 36 feet, 31 trailer stalls and 23 dock doors with drive-in capacity. Site work on the land is underway, with vertical construction slated to begin in spring 2027. The speculative building is Scannell Properties’ second project in the greater Seattle area, bringing the company to an investment volume exceeding $300 million and nearly 2 million square feet of development in the Pacific Northwest, including Oregon and Idaho.

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Baldwin Supply to Expand Sioux Falls Facility to 50,000 SF

Kristin Harlow — Wed, 28 Oct 2026 13:40:37 +0000

SIOUX FALLS, S.D. — Baldwin Supply, an independently owned Midwest distributor of industrial components and supplies, is tripling the size of its Sioux Falls branch to more than 50,000 square feet. Since opening in 2001, Baldwin’s Sioux Falls branch at 908 E. Amidon St. has grown into a regional hub serving customers throughout South Dakota, neighboring western states, southwest Minnesota and northwest Iowa. The branch serves OEM and MRO customers across the aggregate, agriculture, construction, food-and-beverage, manufacturing, meat and poultry, and mining industries. The expansion project will provide additional warehouse and office space, enabling Baldwin to stock deeper local inventory. Additional features include a dedicated customer training center and a new indoor truck pull-through with an overhead crane system. Reynolds Construction Management is leading construction, which is slated for completion in early 2027.

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PCCP Provides $163.9M Construction Loan for Multifamily Development in Paramus, New Jersey

Kristin Harlow — Wed, 28 Oct 2026 12:00:00 +0000

PARAMUS, N.J. — PCCP has provided a $163.9 million senior loan to a joint venture between Russo Development and Kushner Real Estate Group for the construction of The Paramus Chapter, a 426-unit multifamily project in suburban New York City. The joint venture acquired the land in May 2025. Construction began in July 2026, and completion is slated for the fourth quarter of 2028. The Paramus Chapter will consist of two four-story buildings over concrete podiums with 810 parking spaces and approximately 5,300 square feet of ground-floor retail space. Both buildings will have separate entrances, parking and amenities. Building A will include 166 units, comprising 138 market-rate apartments and 18 affordable units. Amenities will include an outdoor pool, 2,200-square-foot gym, game room, theater, karaoke lounge, sports simulator, rentable party room, dog run and 3,400 square feet of coworking space. Building B will feature 260 units, comprising 222 market-rate residences and 38 affordable units. Amenities will include a full-time concierge, leasing center, 2,800-square-foot gym, chef’s kitchen, gardening room and two outdoor courtyards. The project site is directly adjacent to Bergen Town Center, which features more than 1 million square feet of retail space anchored by Whole Foods Market and Target. PCCP, a…

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Akara, DEVEN to Break Ground on 305-Bed Student Housing Project Near San Diego State University

Amy Works — Tue, 27 Oct 2026 14:45:45 +0000

SAN DIEGO — A joint venture between Akara Partners and Development Ventures (DEVEN) Group is set to break ground on a 305-bed, transit-oriented development located at 5077 College Ave. near the San Diego State University campus in California. The eight-story community will span 98,500 square feet and offer 110 units. The project is scheduled for completion ahead of the 2028-2029 academic year. The partnership was facilitated by JLL Capital Markets.

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April Housing Underway on $19.3M Renovation of McKinney Affordable Housing Complex

Taylor Williams — Tue, 27 Oct 2026 14:45:42 +0000

MCKINNEY, TEXAS — April Housing, Blackstone Real Estate’s affordable housing division, is underway on the $19.3 million renovation of Skyway Villas, a 232-unit complex in the northern Dallas suburb of McKinney. The 13-buiding community was constructed in 2003. The renovation is part of a re-syndication that will preserve the property’s affordability status for another 30 years. Upgrades will include new flooring and countertops, fresh exterior painting, new water heaters and HVAC systems, accessibility improvements and enhancements and additions to the residential amenities.

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PCCP Provides $71M Construction Loan for Multifamily Project in Spring Hill, Tennessee

John Nelson — Tue, 27 Oct 2026 13:58:25 +0000

SPRING HILL, TENN. — PCCP has provided a $71 million senior construction loan for the development of Crossings Boulevard, a 360-unit apartment community located at 4101 Legacy Point Trail in Spring Hill, about 37 miles south of downtown Nashville. The borrower, a joint venture between Embrey Partners and Southstar Development, plan to deliver the community by first-quarter 2028. Plans for Crossings Boulevard include 216 one-bedroom apartments and 144 two-bedroom units across four floorplans, as well as a conference room, micro-offices, fitness studio and yoga room, resort-style pool with cabanas, shaded outdoor kitchen with grills, dog park, pet spa and grooming station, coffee bar, EV charging stations and a secure, 24/7 package room. The 14-acre site will house three-story, garden-style apartment buildings within a larger 213-acre master-planned community that will also feature a hotel, 17 acres of recreational space and more than 400,000 square feet of commercial space.

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Crossroads Cos., CrownPoint Group Complete 90-Unit Multifamily Project in Dover, New Jersey

Taylor Williams — Tue, 27 Oct 2026 13:35:37 +0000

DOVER, N.J. — A joint venture between Crossroads Cos. and CrownPoint Group Inc. has completed 80East, a 90-unit multifamily project in Dover, about 30 miles west of New York City. The six-story building houses studio, one- and two-bedroom units, with nine residences set aside as affordable housing. Amenities include a fitness center, rooftop deck and an entertainment lounge. Minno & Wasko Architects and Planners designed the project, and L2i Construction was the general contractor. Columbia Bank financed construction, which began in summer 2024. Information on starting rents was not disclosed.

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Audi Selects Georgia for $4B SUV Manufacturing Plant

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

PEACH COUNTY, GA. — Audi AG has selected the Middle Georgia Megasite near Macon for a $4 billion advanced manufacturing facility, which will be the German automotive giant’s first plant in Georgia. The company’s new factory in Peach County will bring approximately 4,500 new jobs to central Georgia and create an expected annual capacity of 200,000 vehicles, with a focus on Audi’s luxury SUVs. Audi expects to begin grading the site in 2027 and break ground on the new plant in 2028. The factory is expected to begin operating at full capacity in 2031. The size of the new factory was not disclosed, but Audi says it will be “among the brand’s largest production footprints globally.” “The United States is one of the world’s most important premium markets, and we have not yet realized our full potential,” says Gernot Döllner, chairman of the board of management at Audi AG. “We are determined to change that — with premium products, a stronger brand and a competitive local production base. This is about building a stronger Audi business in America — not simply about building a factory.” “We are proud to welcome one of the world’s most iconic automotive brands to Georgia,”…

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Alpine Residential Completes 500-Unit Multifamily Project in Jersey City

Taylor Williams — Mon, 26 Oct 2026 13:49:23 +0000

JERSEY CITY, N.J. — New York-based developer Alpine Residential has completed AVIVA, a 500-unit multifamily project in Jersey City. Designed by GRT Architects and Ismael Leyva Architects, AVIVA, formerly known as Scholars Village, comprises two 12-story buildings that are connected by a lobby base with 4,000 square feet of ground-floor retail space. Residences come in studio, one-, two- and three-bedroom floor plans, and amenities include a fitness center, demonstration kitchen, coworking space, children’s playroom, a pet salon and 24-hour concierge services. Bank OZK provided construction financing for the project.

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