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Chalk-Hill-Dallas
DevelopmentMixed-UseTexas

Kaizen Development Begins Work on Chalk Hill Mixed-Use Redevelopment in Uptown Dallas

by Taylor Williams

DALLAS — Kaizen Development Partners has begun work on Chalk Hill, a mixed-use redevelopment project in Uptown Dallas. Kaizen is now demolishing all structures on the 2.3-acre site at the corner of Wolf and North Harwood streets, which previously served as the home of North Texas Public Broadcasting. Plans for Chalk Hill include over 400,000 square feet of Class A office space, a 217-key luxury hotel that will be developed in partnership with HN Capital Partners, 61 luxury condos and multiple food-and-beverage options. BOKA Powell is designing Chalk Hill, and Balfour Beatty is serving as the general contractor. JLL is leasing the office space.

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San-Marcos-Business-Park-Building-C
DevelopmentIndustrialLoansTexas

JLL Arranges Construction Financing for 377,300 SF Spec Industrial Project in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — JLL has arranged an undisclosed amount of construction financing for Phase I of San Marcos Business Park, a speculative industrial project that will add 377,300 square feet of space to the local supply. Located within the Whisper South master-planned development, the rear-load building will feature 36-foot clear heights, 75 dock doors, two drive-in doors and an ESFR fire sprinkler system. Matt Stewart, Ace Sudah, Jackson Finch, Jacob Michael and Cameron Sepahi of JLL arranged the loan through an undisclosed regional bank on behalf of the developer, Ledo Capital Group.

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DevelopmentIndustrialSelf-StorageTexas

SurePoint to Develop 90,000 SF Self-Storage Facility in The Woodlands, Texas

by Taylor Williams

THE WOODLANDS, TEXAS — SurePoint Development, a self-storage owner-operator based in San Antonio, will develop a 90,0000-square-foot (net rentable) facility in The Woodlands, about 30 miles north of Houston. The number of units has not yet been finalized. The site is located near the intersection of Six Pines Drive and Lake Front Circle within The Woodlands Town Center, and the property will feature climate-controlled space. Construction is scheduled to begin next spring and to be complete in the first quarter of 2027.

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AcquisitionsAffordable HousingDevelopmentMultifamilyNorth CarolinaSoutheast

Coldwell Banker Brokers $3.4M Sale of Multifamily Development Site in Charlotte

by John Nelson

CHARLOTTE, N.C. — Coldwell Banker Commercial Realty has brokered the $3.4 million sale of a 3.4-acre, multifamily-zoned parcel at 5703-5707 N. Tryon St. in Charlotte. The buyer, The Annex Group, plans to develop a 200-unit affordable housing community on the site. Capital partners for the project include City of Charlotte, Bank of America and the North Carolina Housing Financing Authority (NCHFA). The construction timeline was not released. Ryan Pilsy of Coldwell Banker represented the land seller, an entity doing business as Kilbros3 LLC, in the transaction. Annex Group was represented internally by Joy Skidmore and Ryan Clark.

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Hospital-for-Special-Surgery-Sports-Medicine-Institute-West-Side
DevelopmentHealthcareNew YorkNortheast

Skanska Completes Healthcare Renovation Project in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — International development and construction firm Skanska has completed the renovation of the Hospital for Special Surgery Sports Medicine Institute West Side in Midtown Manhattan. The project transformed the fourth floor of the facility into an outpatient clinic and introduced 15 new exam rooms, offices and a storage area. Skanska, working with Batska Consulting Group, also upgraded the building’s mechanical, electrical and plumbing systems to accommodate the new operations. Additional improvements included the integration of a new X-ray room and an ultrasound-guided injection exam room. Construction began in August 2024.

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DevelopmentIowaMidwestRetail

Crunch Fitness Opens 60,000 SF Facility in Des Moines

by Kristin Harlow

DES MOINES, IOWA — Fitness Ventures LLC, the second largest Crunch Fitness franchisee, has opened its 60th Crunch Fitness with a new 60,000-square-foot facility in Des Moines. Located at 1200 E. Army Post Road, the new club is the company’s second Crunch location in Iowa. Built as a 3.0 Crunch model, the Des Moines location represents a $5 million investment. The club features cardio and strength equipment, a group fitness studio, dry saunas, performance turf, HydroMassage, tanning and the HIITZone. Fitness Ventures has partnered with Meaningful Partners, a private equity firm that invested in the company in 2024. The partnership has helped accelerate growth through a mix of new club development, mergers and acquisitions. Fitness Ventures is on pace to reach 75 clubs by the end of the year. The company plans to open 20 new locations annually.

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AcquisitionsDevelopmentHospitalityMassachusettsNortheast

Mount Vernon Co. Buys Historic Hospitality Property in Plymouth, Massachusetts, Plans Repositioning

by Taylor Williams

PLYMOUTH, MASS. — Boston-based investment firm The Mount Vernon Co. has purchased an 80-room historic hospitality property in Plymouth, located south of the state capital, with plans to implement a repositioning. Opened in 1969 and renovated in 2021, The John Carver Inn & Spa features a full-service spa, indoor pool, meeting and event space, fitness center, game room and onsite dining options. The repositioning will cover the property’s interiors, amenities, and the food-and-beverage program. Alan Suzuki and Matthew Enright of JLL represented the undisclosed seller in the transaction.

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Eagle-Mountain-Casino_Porterville-Calif
CaliforniaDevelopmentHospitalityTop StoriesWestern

Tutor Perini to Build $220M Expansion of Eagle Mountain Casino in Porterville, California

by Hayden Spiess

PORTERVILLE, CALIF. — Tutor Perini Building Corp. — a subsidiary of civil, building and construction company Tutor Perini Corp. — has been awarded a $220 million contract to construct an expansion of the Eagle Mountain Casino in Porterville. The casino is located at 1850 West St., which is about 50 miles north of Bakersfield, Calif., and adjacent to the Porterville Fairgrounds. Tutor Perini will build the development on behalf of the Tule River Gaming Authority, which is operated by the Tule River Indian Tribe of California. Eagle Mountain Casino opened in 2023, replacing another casino that the Tule River Tribe had operated on the site since 1996. Dubbed the Eagle Mountain Casino Phase 2 Expansion, the project is scheduled to begin construction this summer. Substantial completion of the development is expected in 2027.  Upon completion, the new phase will feature a 193-room tower with a rooftop restaurant; a central warehouse and offices; expansion of an existing restaurant; a new, 2,000-seat events center with convention space, breakout meeting rooms, pre-function space; and hotel amenities including a new spa, arcade and swimming pool. According to the Eagle Mountain Casino website, the current casino features 1,750 new and classic slot machines and 20 …

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DevelopmentHospitalityTexas

Peachtree Group, Merritt Top Out 171-Room Hotel in Downtown San Antonio

by Taylor Williams

SAN ANTONIO — Atlanta-based hospitality owner-operator Peachtree Group and Austin-based Merritt Development Group have topped out construction of the 10-story, 171-room Residence Inn by Marriott hotel in downtown San Antonio. The hotel will feature studio suites with fully equipped kitchens and separate living and working areas. Amenities will include a fitness center, meeting rooms, outdoor social spaces and a coffee bar. Completion is slated for next summer.

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CaliforniaDevelopmentIndustrialWestern

Partnership Breaks Ground on 700,000 SF Industrial Project in Ontario, California

by Amy Works

ONTARIO, CALIF. — Real Estate Development Associates and Clarion Partners, along with Premier Design + Build Group, have broken ground on South Ontario Logistics Center — Building 6 (SOLC) in Ontario. Slated for delivery in June 2026, the 700,000-square-foot asset will feature 113 dock doors, 261 trailer stalls, 445 parking spaces, dual 2,000-kilowatt generators and a 16,000-amp electrical service.

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