NEW YORK CITY — Marcus & Millichap has brokered the $33 million sale of a residential development site in the Williamsburg neighborhood of Brooklyn. The site comprises three former industrial and residential buildings on the same block, located at 118 Hope St., 428 Rodney St. and 426 Rodney St. The buyer, local developer CW Realty, plans to redevelop the property with 100 multifamily units. Said Boukhalfa and Jonathan Codorniu of Marcus & Millichap represented CW Realty in the transaction. The team also represented the sellers, which were private owner-users.
AUSTIN, TEXAS — Drawbridge Realty, a California-based investment and development firm, is underway on construction of Phase II of Uplands Corporate Center, an office project in southwest Austin. Phase I of the project delivered a 167,369-square-foot building that is now fully leased. Phase II, completion of which is slated for the fourth quarter, will deliver a three-story, 124,405-square-foot building and expand the existing parking garage that serves the Class A campus. CBRE handles leasing of the property.
HUNTSVILLE, ALA. — The Beach Co. has unveiled plans for a mixed-use development in Huntsville’s westside that will span 13 acres. The project will include 260 multifamily units, 14 townhomes, a 100-room hotel and 26,000 square feet of retail and office space. Residential amenities will include a pool, fitness area, clubhouse and ample green space with a dog park. In addition, 620 parking spaces will be included for both resident and public parking, as well as attached garages for resident parking. Nashville, Tenn.-based Smith Gee Studios is the architect. The Beach Co. acquired the land from Improving Huntsville LLC. Wesley Crunkleton of Crunkleton Commercial Real Estate Group represented the seller in the transaction. The Beach Co. expects to break ground this summer.
BRISTOL, WIS. — HSA Commercial Real Estate has completed the acquisition of a 68-acre site in Bristol near I-94 and the Wisconsin-Illinois border. The company has received city approval to develop an industrial business park consisting of three buildings totaling more than 1 million square feet. The first two speculative buildings are slated for completion later this year, including a 157,300-square-foot warehouse and a 471,950-square-foot distribution center. Known as Bristol Highlands Commerce Center, the park will include walking paths, landscaping and a detention pond. Building clear heights will range from 32 to 36 feet. Partners in Design Architects, Pinnacle Engineering and Premier Design + Build make up the project team.
SHILOH, ILL. — IMPACT Strategies has completed construction of the new Siteman Cancer Center at Memorial Hospital East’s Shiloh campus. The building adds 70,000 square feet of treatment facilities and office space to the campus, which is situated about 20 miles east of St. Louis. Siteman Cancer Center is the only National Cancer Institute-designated comprehensive cancer care center in the region. The facility houses labs, a pharmacy, medical oncology infusion clinics and radiation oncology clinics. Archimages Architecture, David Mason & Associates Structural Engineering and IMEG Corp. Engineering made up the project team.
Erickson Breaks Ground on 84-Unit Expansion at Maris Grove Seniors Housing Community in Pennsylvania
GLEN MILLS, PA. — Erickson Living has broken ground on an expansion at Maris Grove, a continuing care retirement community in Glen Mills, located approximately 20 miles west of Philadelphia. The three-story, 76,000-square-foot project will be named Evergreen Pointe and will feature 84 new assisted living units. Evergreen Pointe is part of Erickson’s multi-year plan to expand and renovate Maris Grove’s existing residences. The new building will be located adjacent to the existing continuing care building, Rose Court, which will be renovated to include a dedicated memory care neighborhood and redesigned lobby and bistro. Construction of Evergreen Pointe is estimated to take 18 months. Three independent living neighborhoods, with more than 1,200 independent living apartment homes, are also located on the 87-acre campus. Architectural firm SFCS designed the project.
NEW YORK CITY — HAP Investments LLC has topped out HAP Eight, a 20-story residential property in the Chelsea neighborhood of Manhattan. The property comprises two side-by-side towers featuring 112 multifamily units and 87 condominium residences. The two buildings will share amenities, including a fitness facility, pool and parking deck. DXA Studio Architects designed the project, which is slated for completion in early 2021.
UNION CITY, GA. — Birmingham, Ala.-based Coca-Cola Bottling Co. United Inc., the second largest privately held Coca-Cola bottler in North America, has opened an $86 million, 456,000-square-foot sales and distribution center in the south Atlanta suburb of Union City. Approximately 36 million cases of beverages will be loaded and shipped annually from the facility, known as South Metro Sales Center. The property includes a 375,000 square-foot warehouse, 25,000-square-foot fleet maintenance area, 36,000 square feet of administration space and a 20,000-square-foot service department for equipment and vending repair. The facility is located at 4913 Mason Road, 17 miles southwest of downtown Atlanta and 10 miles west of Hartsfield-Jackson Atlanta International Airport. Approximately 750 employees work at the facility, which has a payroll of more than $41 million. General contractor Brasfield & Gorrie began construction at the site in early 2018. System Logistics built the warehousing system technology at the facility.
RALEIGH, N.C. — Golden Corral has signed a lease agreement with landlord Keystone Corp. to occupy 42,500 square feet of the first two floors of Palisades III, an under-construction office building in Raleigh. Palisades III will stand six stories and span 166,290 square feet. Building amenities will include a café, onsite conferencing, lounge, fitness center and a rooftop terrace. Keystone expects to deliver the property in early 2021. The property is situated at 5410 Trinity Road, adjacent to Palisades I and II, which Keystone acquired in summer 2018. CBRE|Raleigh represented the landlord in the transaction. Golden Corral’s headquarters are currently located at 5151 Glenwood Ave. in Raleigh. The company operates 100 buffet and grill restaurants nationwide with franchisees operating another 400 locations.
SAN FRANCISCO — San Francisco Campus for Jewish Living (SFCJL) is preparing to open the Lynne and Roy M. Frank Residences, a $140 million expansion to the property. The 270,000-square-foot project adds 113 assisted living apartments and 77 memory care suites. Byer Square, a new multi-generational community center, will feature a fitness center, pool, cinema, performance center, art studio and café. Construction began in mid 2017. Residents are expected to begin moving in during spring 2020. In conjunction with the expansion, SFCJL has created partnerships with Alzheimer’s Association, Creative Aging SF, Medical Clown Project, UCSF, Family Caregiver Alliance, California Institute of Integral Studies and MA Psychology student interns in expressive arts and drama therapy.