Development

Live-Casino-Pittsburgh-Westmoreland-Mall

CBL Properties Debuts $150M Live Casino Pittsburgh Destination at Westmoreland Mall

by Taylor Williams January 18, 2021

PITTSBURGH — CBL Properties, a Tennessee-based retail REIT, has debuted Live! Casino Pittsburgh, a $150 million entertainment destination that operates out of the company’s Westmoreland Mall in metro Pittsburgh. The Cordish Cos. of Baltimore developed the 100,000-square-foot casino and will operate it under its Live! brand, which is known for baseball-themed entertainment destinations in Atlanta, St. Louis and Arlington, Texas. The two-level destination replaces a former Bon-Ton department store and offers an array of entertainment and fresh dining concepts, including American Kitchen + Craft Bar from celebrity chef Guy Fieri. CBL also plans to open a casino at York Galleria in York, Pennsylvania.

January 18, 2021

Development Multifamily Seniors Housing Texas

Presidium Completes 188-Unit Active Adult Project in Frisco

by Taylor Williams January 15, 2021

FRISCO, TEXAS — Texas-based developer Presidium has completed construction of Presidium at Edgestone, a luxury active adult community in Frisco, a northern suburb of Dallas. Designed by Cross Architects and SeeSaw Creative, the 165,398-square-foot property features 188 units on 18 acres near a variety of commercial and retail developments, as well as 10 golf courses, several walking trails and the upcoming 275-acre Grand Park. The community offers freestanding independent living cottages in addition to a residential building with amenities such as clubrooms, a pool, fitness and wellness center, library and cyber lounge, media and game rooms, pavilions and a resident gardening area with shade structures. The operator is Capstone Real Estate. Average rents range from $1,382 to $2,135 per month.

January 15, 2021

Development Multifamily Texas

Rosewood Property Delivers 286-Unit Multifamily Project in San Antonio

by Taylor Williams January 15, 2021

SAN ANTONIO —Rosewood Property Co. has delivered the first phase of Tobin Estates Apartments, a multifamily project in the Oakwell Farms area of north San Antonio that added 286 units to the local supply. Units come in one-, two- and three-bedroom formats that range in size from 718 to 1,407 square feet and feature stainless steel appliances, quartz countertops and private garages. Amenities include a clubhouse, pool, rooftop lounge and outdoor grilling stations. Rents start at $1,300 per month for a one-bedroom unit. Two additional phases of development are planned. Rosewood Property Co., based in Dallas, is a wholly owned subsidiary of The Rosewood Corp.

January 15, 2021

Development Industrial Kansas Midwest

Contegra Construction Completes First Distribution Facility at Turner Logistics Center in Kansas City

by Kristin Harlow January 15, 2021

KANSAS CITY, KAN. — Contegra Construction Co. has completed the first of several planned distribution facilities at NorthPoint Development’s Turner Logistics Center in Kansas City. The 408,000-square-foot building features a clear height of 36 feet, 36 dock doors with four drive-in ramps, parking for 210 vehicles and a small office. The 250-acre Turner Logistics Center has the capacity for 3 million square feet of industrial space. Contegra also completed infrastructure improvements to support future development.

January 15, 2021

Development Multifamily Seniors Housing Texas

Civitas, StoneCreek Plan 104-Unit Seniors Housing Redevelopment Project in Houston

by Taylor Williams January 15, 2021

HOUSTON — Seniors housing operator Civitas Senior Living and developer StoneCreek Real Estate Partners will redevelop the Copperfield Racquet & Health Club, a 98,000-square-foot seniors housing community in Houston. The new property, which will be branded StoneCreek of Copperfield, is situated on 6.6 acres and will feature 12 independent living villas, 74 assisted living units and 18 memory care units. Project partners include Pi Architects and interior design firm Senior By Design. Ground-up construction is planned to begin this month and to be complete by summer 2022.

January 15, 2021

Development Industrial Nevada Western

Panattoni Development Completes 550,601 SF Logistics Center in North Las Vegas

by Amy Works January 15, 2021

NORTH LAS VEGAS, NEV. — Panattoni Development has completed North 15 Logistics, a 550,601-square-foot industrial project on 30 acres at the intersection of Interstate 15 and Speedway Boulevard in North Las Vegas. North 15 Logistics features two buildings with up to 36-foot clear heights, ESFR sprinkler systems, R-30 roof batt insulation and concrete truck courts. The tenant improvements are now complete, and Ruby Has occupies 373,363 square feet at the project. With six warehouse locations across the United States and Canada, Ruby Has offers third-party logistics using technology and integration to allow for faster shipping and a reduction in freight costs. A comingled fund managed by Clarion Partners owns the project, with Panattoni Development serving as developer. Alston Construction served as contractor and HPA Architecture served as architect.

January 15, 2021

California Development Leasing Activity Office Top Stories Western

Beyond Meat to Open 300,000 SF Headquarters Near Los Angeles

by Katie Sloan January 15, 2021

EL SEGUNDO, CALIF. — Beyond Meat Inc. (NASDAQ: BYND), a producer of plant-based meat replacement products, has signed a 12-year lease for a 300,000-square-foot corporate headquarters less than one mile south of Los Angeles International Airport at 888. N. Douglas St. in El Segundo. The headquarters will be located within a four-building, 550,000-square-foot creative office and industrial campus currently under development by Hackman Capital Partners, which is scheduled for completion this spring. Beyond Meat’s offices are set to open in fall of this year and will include advanced research labs and incubator spaces for the development of new technologies and more innovative products. The company’s headquarters is designed for LEED and Fitwel certification in alignment with Beyond Meat’s mission and commitment to sustainability and workplace wellbeing. “Our new campus and state-of-the-art research facilities will house cutting-edge fundamental and applied research alongside globalized product development teams, all in service to a single goal — creating meat from plants that is indistinguishable from its animal protein equivalent,” says Ethan Brown, founder and CEO of Beyond Meat. The JLL team of Gary Horwitz, Blake Searles, Connor Hall and Kamil Agha represented Beyond Meat in the leasing transaction. The company also tapped DPPM Project Management …

January 15, 2021

Development Massachusetts Multifamily Northeast

Trammell Crow Residential to Develop 282-Unit Multifamily Project in Kingston, Massachusetts

by Taylor Williams January 15, 2021

KINGSTON, MASS. — Trammell Crow Residential, the multifamily development arm of Crow Holdings, has closed on land and construction financing for the development of Alexan Kingston, a 282-unit multifamily project that will be located about 35 miles south of Boston. The property will offer studio, one-, two- and three-bedroom floor plans ranging in size from 620 to 1,500 square feet. Units will feature granite countertops and individual washers and dryers, while select units will have private balconies or porches. Communal amenities will include a pool, fitness center, private workspaces, conference rooms, an event room, outdoor grilling areas and Amazon package lockers. Completion is slated for summer 2023. Pyramid Management Group will manage the property.

January 15, 2021

Development Office South Carolina Southeast

Balfour Beatty Breaks Ground on $42M Office Building in Downtown Charleston

by Alex Tostado January 14, 2021

CHARLESTON, S.C. — Balfour Beatty US has broken ground on Morrison Yard, a $42 million office building in downtown Charleston. The Keith Corp. and Origin Development Partners are the co-developers of Morrison Yard. The companies are located in Charlotte and Charleston, respectively. Morrison Yard will stand 12 stories high and will offer 140,000 square feet of office space, 8,000 square feet of ground-floor retail space and a four-story parking deck with approximately 377 parking spaces. The general contractor expects to deliver the asset in summer 2022.

January 14, 2021

Development Hospitality Louisiana Southeast

Holiday Inn Club Vacations Opens New Orleans Resort at Historic Skyscraper in French Quarter

by Alex Tostado January 14, 2021

NEW ORLEANS — Holiday Inn Club Vacations Inc. has opened its New Orleans resort, which marks the first urban property for the company. The hotel is housed in what was the city’s first skyscraper, built in 1893. Holiday Inn Club Vacations acquired the property in 2019 and converted the apartment building into a 105-villa resort. The property offers one- and two-bedroom suites with kitchens and living rooms. The first floor of the 11-story building offers a marketplace and the Maritime Bar & Lounge. The top floor features a fitness center, rooftop deck and a pool. The asset is situated at 203 Carondelet St. in New Orleans’ French Quarter district. The resort houses 45 employees.

January 14, 2021

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