TAMPA, FLA. — Related Urban, the affordable housing division of Related Group, has broken ground on Residences at East End, a 174-unit affordable housing community located at 5709 N. 47th St. in Tampa. Public partners City of Tampa and Tampa Housing Authority (THA) joined Related Urban at the groundbreaking ceremony held Wednesday, Oct. 22. Situated on Tampa’s east side, Residences at East End will be funded through Section 8 project-based vouchers and low-income housing tax credits (LIHTC), with funding sources including Fifth Third Bank and Raymond James. The project represents a total capital investment of $68.6 million. The community will offer two-bedroom apartments reserved for households earning 22 percent to 80 percent of the area median income (AMI). Amenities will include a standalone clubhouse, dog park, picnic areas, a pocket park and a fitness center. Construction is expected to be completed by the end of 2026.
HILO, HAWAII — EAH Housing has opened Hale Nā Koa ‘O Hanakahi, an affordable seniors housing development in Hilo. Residences are reserved for seniors age 62 and older earning at or below 80 percent of the area median income, with preference given to veterans and surviving spouses. This marks the first affordable senior living development for veterans in Hawaii. EAH Housing developed the $58 million project in partnership with Hawaii Island Veterans Memorial Inc. The property totals 91 one-bedroom apartments across three two-story buildings, with an additional unit for an on-site property manager. Each unit comprises roughly 546 square feet. Amenities at the property include a community center with a lounge, coffee bar and fitness room. The center also features a multi-purpose room and a non-commercial kitchen for resident use. “This community is the first phase of a larger master-planned campus,” says Denise Nakanishi, chairperson of the board for Hawaii Island Veterans Memorial Inc. “Future plans include a veterans’ center and an outpatient clinic to expand healthcare access and support services for veterans and their families.” Design Partners Inc. was the architect for development, and Maryl Construction Group served as the general contractor. EAH Housing Real Estate Management will oversee operations and maintenance …
PEORIA, ARIZ. — Barclay Group is developing Vistancia Commerce Park at FIVE NORTH, a speculative industrial park within the 7,100-acre Vistancia master-planned community in Peoria’s Northern Peoria Corridor. Vistancia Commerce Park at FIVE NORTH will feature 239,700 square feet of industrial space spread across four flexible building configurations. The park will include the 43,600-square-foot Building A, 54,500-square-foot Building B, 48,000-square-foot Building C and 93,600-square-foot Building D, with space divisible down to 9,400 square feet. Buildings will offer 28-foot to 32-foot clear heights, full HVAC, LED lighting and 3,000 amps of power (expandable) per building, as well as both dock- and grade-level loading capabilities. Construction is slated to begin in second-quarter 2026, with delivery expected in second-quarter 2027. Butler Design Group is serving as architect and GM Civil is serving as civil engineer. Riley Gilbert, Marc Hertzberg, Kelly Royle and Nicole Marshall of JLL are handling leasing for the project.
UNIVERSITY PARK, ILL. — Hillwood and Clarius Partners have broken ground on University Park Logistics Center, a 970,123-square-foot speculative industrial development in University Park, a southern suburb of Chicago. Situated by the I-57 interchange at Stuenkel Road, the site provides access to 85.5 million people within a single day’s drive, according to the developers. David Bercu and Jim Estus of Colliers are marketing the project for lease.
MONONA, WIS. — Topgolf has broken ground on its first venue in the state of Wisconsin. The two-level venue is set to open in fall 2026 and is located in Monona, about eight miles east of Madison. Topgolf will employ about 200 to 250 people at the property at 6400 Gisholt Drive. Topgolf Wisconsin will feature 72 outdoor climate-controlled hitting bays. Each bay will have lounge-type furniture or high-top tables. The venue will be equipped with Toptracer technology, which traces each golf ball’s flight path, distance and other metrics. There will also be a full-service restaurant and bar, more than 100 TVs, music and year-round family-friendly programming. An event space and outdoor patio will allow for team outings, family gatherings, meetings or celebrations.
OLD BRIDGE, N.J. — Madison Realty Capital has originated a $654 million mortgage and mezzanine loan for Central 9 Logistics Park, an industrial project currently underway in Old Bridge, roughly 35 miles southwest of New York City. New Jersey-based development firm 2020 Acquisitions is the borrower. Upon completion, the development will comprise 4.1 million square feet across nine buildings. The property is situated in close proximity to Garden State Parkway, New Jersey Turnpike and I-287, with access to the Port of New York and New Jersey’s Port Newark-Elizabeth Marine Terminal and Newark Liberty International Airport. The borrower will use the funds to refinance five buildings in Phase I of Central 9 Logistics Park and to cover construction and leasing costs for two buildings in Phase II. The finished buildings at the campus range from 192,000 to 818,000 square feet in size. The buildings planned for Phase II will total 139,000 and 809,000 square feet, respectively. 2020 Acquisitions is also planning Phase III at Central 9 Logistics Park, which will comprise two final buildings. “With three leases signed over the past 45 days totaling approximately 900,000 square feet, we are accelerating the construction of Phase II and will begin construction immediately,” says Efrem …
ACWORTH, GA. — Wellstar Health System, an owner and operator of hospitals and healthcare clinics in Georgia, has received state approval to develop a new $1 billion hospital in Acworth, a northwest suburb of Atlanta in Cobb County. The construction timeline was not disclosed, but The Atlanta Journal-Constitution reported that Wellstar officials said the hospital could open to patients by 2031. The AJC also reported that competing hospitals have the right to appeal the Georgia Department of Community Health’s decision. In June, Wellstar filed for a certificate of need, a formal document that is necessary in the construction for new hospitals. The Marietta, Ga.-based health system plans to develop a 230-bed hospital spanning 675,000 square feet across Cobb Parkway from the existing Wellstar Acworth Health Park. In addition to the new Acworth hospital, Wellstar is underway on $1.4 billion in major construction projects, including expanding its flagship Wellstar Kennestone hospital in Marietta with a new tower and a $300 million expansion of Wellstar Paulding Medical Center in Hiram, Ga., with a new tower totaling 112 beds across two phases.
SARASOTA COUNTY, FLA. — Capital Funding Group (CFG) has provided a $179.8 million construction loan to Erickson Senior Living. The seniors housing owner and operator will use the financing for the first phase of development of Emerson Lakes, a continuing care retirement community (CCRC) currently underway in Sarasota County. Situated within the Lakewood Ranch community, the first phase of Emerson Lakes will comprise four buildings — three residential buildings and one community building. Together, the three residential buildings will total 319 independent living units. Upon completion, Emerson Lakes will span 87 acres with 1,015 independent living residences and 130 continuing care units. Erickson will operate the community.
BLACKSBURG, VA. — A joint venture between Cardinal Group Development and PGIM has broken ground on a 493-bed student housing development near the Virginia Tech campus in Blacksburg. Located at 501 S. Main St., the community will offer 215 units across two five-story buildings and 50 three-story townhomes. The property will also feature 17,456 square feet of retail space on the ground level. Shared amenities are set to include a pool and hot tub, fitness center, clubhouse and collaborative study lounges. Each townhome will offer a private rooftop terrace and two-car garage. The project is scheduled for completion ahead of Virginia Tech’s 2027-2028 academic year.
TERRELL, TEXAS — Kansas City-based VanTrust Real Estate will develop a 708,918-square-foot speculative industrial project in Terrell, an eastern suburb of Dallas. Phase I of Terrell Logistics Center will feature two buildings spanning 202,972 and 505,946 square feet on a 75-acre site. The smaller building will have a read-load configuration, and the larger facility will have a cross-dock configuration. Construction is scheduled to begin in the second quarter of next year and to last about a year. Project partners include Bob Moore Construction, Alliance Architects and Claymoore Engineering.