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Development

River-Street-Marketplace_San-Juan-Capistrano-Calif-2
CaliforniaDevelopmentRetailWestern

Almquist Opens $70M River Street Marketplace in San Juan Capistrano, California

by Amy Works

SAN JUAN CAPISTRANO, CALIF. — Almquist has opened River Street Marketplace, a new $70 million retail development located in San Juan Capistrano, roughly 55 miles southeast of Los Angeles. Almost all of the property’s 30 tenants have opened, with the additional openings scheduled for the coming weeks.  Retailers and restaurants at the center, which totals 60,000 square feet, include Free People, Shop Common Thread, Tecovas, Fermentation Farm, Finca, Wildfire Mercantile, La Vaquera, Seager, Pick Me Flowers, May Martin, Mendocino Farms, Toes on the Nose, Salt Optics, CAPO Leisure House, Studio Pilates, McConnell’s Fine Ice Cream, The Market by The Meat Cellar, Hobie, Rowan and Ubuntu. Additionally, a miniature food hall will open soon at the development. Dubbed Rodeo River Street, the food hall will feature concepts including NOM, Parana Empanadas, Shootz Hawaiian, The Sushi Stand, Kebab Craft, Hudson’s Cookies, Bred Hot Chicken, Kozan Teahouse and Pastalia. 

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75-Jackson-Road-Devens-Massachusetts
DevelopmentIndustrialMassachusettsNortheast

King Street Tops Out 210,659 SF Manufacturing Project in Devens, Massachusetts

by Taylor Williams

DEVENS, MASS. — Locally based developer King Street Properties has topped out a 210,659-square-foot advanced manufacturing project in the northwestern Boston suburb of Devens. The building at 75 Jackson Road will be the fourth such structure within the 700,000-square-foot Pathway Devens campus and will feature clear heights of 17 to 18 feet, with a maximum clear height of 38 feet in the high bay area. Preliminary sitework began this spring, and completion is slated for summer 2025. First Citizens Bank and Berkshire Bank are financing the development. The project team includes general contractor and construction manager BW Kennedy & Co., Vivo Architecture and Highpoint Engineering.

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5998-W-Parkway-Blvd-West-Valley-City-UT
AcquisitionsDevelopmentIndustrialUtahWestern

VanTrust Real Estate Buys 32-Acre Site Near Salt Lake City, Plans to Develop Four Warehouses

by Amy Works

WEST VALLEY CITY, UTAH — VanTrust Real Estate has acquired 32 acres, located at 5998 W. Parkway Blvd. in West Valley City, with plans to build four industrial warehouses. The site will accommodate four buildings offering a total of 600,000 square feet of Class A industrial space. The site’s location offers easy access to State Route 201, Salt Lake City International Airport, I-80, I-15 and the Union Pacific Railroad intermodal hub. VanTrust expects construction on the first two buildings to start in late spring 2025 and deliver in late spring 2026. Construction timing on the other two buildings is still to be determined. Specific tenants for the warehouses have not yet been identified.

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The-Residences-at-Mill-8-Ludlow
DevelopmentMassachusettsMultifamilyNortheastSeniors Housing

WinnCos. Completes 95-Unit Mixed-Income Seniors Housing Project in Ludlow, Massachusetts

by Taylor Williams

LUDLOW, MASS. — Regional affordable housing developer WinnCos. has completed The Residences at Mill 8, a mixed-income seniors housing project in Ludlow, located near Springfield in the western part of the state. The project converted a former mill building into an apartment complex with 95 units — 87 one-bedrooms and eight two-bedrooms — that are reserved for renters age 55 and above. The affordability component comprises 43 units for households earning 60 percent or less of the area median income (AMI) and 12 units for households earning 30 percent or less of AMI. The other 40 residences are rented at market rates. Amenities include onsite laundry facilities, a fitness room, resident lounge and several outdoor recreation areas, and the building also houses 48,000 square feet of commercial space. The Architectural Team designed the project, and Dellbrook | JKS served as the general contractor.

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DevelopmentIllinoisMidwestMultifamily

Synergy Construction Group Completes Station 250 Luxury Apartment Complex in Mundelein, Illinois

by Kristin Harlow

MUNDELEIN, ILL. — Synergy Construction Group has completed Station 250, a 166-unit luxury apartment complex in the Chicago suburb of Mundelein. Synergy served as developer and general contractor, and Ware Malcomb provided architecture, interior design and full site planning services for the transit-oriented project. The four-story development is located next to the Mundelein Village Hall and adjacent to the local Metra rail station. Station 250 features an outdoor pool and 10,700 square feet of indoor amenities, including a coffee bar reception area, fitness center, yoga room, sauna, golf simulator room and coworking lounge.

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DevelopmentMichiganMidwestRetail

Poag Invests $1.3M in Improvements at RiverTown Crossings Shopping Mall Near Grand Rapids

by Kristin Harlow

GRANDVILLE, MICH. — Poag Development Group has invested more than $1.3 million into property improvements at its recently acquired RiverTown Crossings, a 1.3 million-square-foot regional mall in Grandville near Grand Rapids. The two-story enclosed mall features five anchors — Macy’s, Kohl’s, JC Penney, Celebration Cinemas and Dick’s Sporting Goods. Poag purchased the property in September. The improvements included cleaning up and installing new landscaping, fixing the merry-go-round and significant repairs to the parking lot. Poag aims to redevelop the mall into a mixed-use lifestyle center with restaurants, entertainment and potential residential and hotel uses. The Memphis-based developer is working with JLL as its leasing partner to maximize the potential of the property.

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Devon-Self-Storage-Lubbock
DevelopmentIndustrialSelf-StorageTexas

Inland Private Capital, Devon Deliver 844-Unit Self-Storage Facility in Lubbock

by Taylor Williams

LUBBOCK, TEXAS — Inland Private Capital Corp. and Devon Self Storage, which are both part of The Inland Real Estate Group of Cos., have completed an 844-unit facility in Lubbock. The site at 2010 Avenue R formerly housed an AT&T processing center. The four-story, elevator-served facility features 85,300 net rentable square feet of 100 percent climate-controlled storage space, as well as an exterior staging area that allows controlled access to elevators on each floor and drive-up unit capability.

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DevelopmentMultifamilyTexas

Carbon Shepherd Development Completes 66-Unit Multifamily Project in Belton, Texas

by Taylor Williams

BELTON, TEXAS — Dallas-based Carbon Shepherd Development has completed a 66-unit multifamily project in Belton, located just outside Temple in Central Texas. The property, which is operated under the company’s Woodland Cottages brand, offers one- and two-bedroom units, with private balconies/patios and attached garages available in select residences. Amenities include a pool, fitness center, clubhouse with a game room and other recreational spaces. Rents start at $2,600 per month for a one-bedroom unit.

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DevelopmentFloridaHealthcareSoutheast

Lee Health Selects Skanska to Construct $435M Healthcare Campus in Fort Myers, Florida

by John Nelson

FORT MYERS, FLA. — Lee Health has tapped Skanska USA Building to construct Lee Health Fort Myers, a new $435 million healthcare campus in southwest Florida. The project will be situated on 52 acres and will comprise a five-story, 416,000-square-foot hospital, 125,000-square-foot medical office building and an onsite central energy plant to ensure stable and efficient power supply. Designed by Flad Architects, the hospital will feature 10 operating rooms, up to 168 patient rooms and 44 emergency department beds. The medical office building will feature an ambulatory surgery center. The project will break ground on vertical construction in early 2025 with a scheduled completion in 2028.

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DevelopmentGeorgiaRetailSoutheast

Stratus Property Group Announces City Block Redevelopment in Downtown Carrollton, Georgia

by John Nelson

CARROLLTON, GA. — Stratus Development Group has announced the redevelopment of The Shoppes at Rome, transforming the first ever retail center built in Carrollton. Situated about 50 miles west of Atlanta, the 40,000-square-foot retail project spans nearly three acres and a full city block. The historic property is located at 415 Rome St., one block from Adamson Square shops and restaurants. Max Albers of Atlanta-based Stratus Property Group is leading the leasing for the redevelopment, which aims to bring new retailers to downtown Carrollton and spur further development in the area. The City of Carrollton has recently unveiled more developments in the downtown district, including The Amp, a 1,000-seat amphitheater, multiple new breweries and events such as half-marathon runs and the “Taste of Carrollton.”

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