Development

NorthPoint Development to Redevelop Former Cadillac Stamping Plant in Detroit

by Kristin Harlow December 11, 2020

DETROIT — NorthPoint Development and Michigan-based LoPatin & Co. have unveiled plans to redevelop the 44.8-acre former Cadillac stamping plant in Detroit. The project scope includes the demolition of an abandoned factory and the construction of a new 684,000-square-foot, Class A industrial building that will be geared toward automotive suppliers, advanced manufacturing and logistics users. The project is expected to generate a total private investment of $47.9 million and create 450 full-time jobs. The city and Michigan Strategic Fund are reimbursing $3.3 million for brownfield remediation work. The property has a history of manufacturing uses dating back to the early 1900s and requires extensive cleanup of the soil and asbestos removal in addition to high demolition costs, according to NorthPoint.

December 11, 2020

Development Southeast Tennessee Top Stories

CA Ventures Tops Off 500,000 SF Multifamily Tower in Nashville’s Midtown Neighborhood

by Katie Sloan December 11, 2020

NASHVILLE, TENN. — General contractor James McHugh Construction and developer CA Ventures are celebrating the topping off of 2010 West End, a 500,000-square-foot multifamily development located near Vanderbilt University in Nashville’s Midtown neighborhood. Architectural firm Solomon Cordwell Buenz designed the 25-story project, which will include 358 residential units, 420 parking spaces and 5,700 square feet of ground-floor retail space. Communal amenities are set to include an outdoor deck with a swimming pool, spa, fire pits, grills and picnic areas; a fitness and wellness center with a yoga studio; a music performance lounge; and a dog run with a pet spa and lounge. “We are pleased to reach a key construction milestone with McHugh in the vibrant West End market,” says Matt Booma, president and global head of residential at CA Ventures. “Our contribution to the skyline will continue Nashville’s growth with a development that values individualism and self-expression with an exceptional design.” The development is on schedule to open in summer 2021. The total project cost was not provided. Chicago-based CA Ventures is a global real estate investment management company with over $13 billion of assets across North America, South America and Europe. The firm offers in-house investment, development and …

December 11, 2020

Development Hospitality Texas

Blossom Holding Group Nears Completion of 267-Room Hotel in Houston

by Taylor Williams December 10, 2020

HOUSTON — Blossom Holding Group is nearing completion of The Blossom Hotel, a 267-room hospitality property that will be located at 7118 Bertner Ave. near the Texas Medical Center in Houston. The 16-story hotel will feature a fitness center, lobby library, outdoor pool, karaoke room and multiple meeting and event spaces. Construction began in August 2018 and is expected to be complete during the first quarter of 2021.

December 10, 2020

Development Multifamily Seniors Housing Texas

Imprint, Batson-Cook Break Ground on Active Adult Community in New Braunfels, Texas

by Taylor Williams December 10, 2020

NEW BRAUNFELS, TEXAS — A partnership between California-based Imprint Property Group and Atlanta-based Batson-Cook Development Co. has broken ground on Larkspur at Creekside, an active adult community in the San Antonio suburb of New Braunfels. The project is being developed within New Braunfels Town Center at Creekside, a 400-acre master-planned community, and will consist of 152 units and 32 cottages for adults age 55 and over. HEDK Architects is the architect for the project, and Godfrey Construction Co. is the general contractor. Completion is scheduled for early 2022.

December 10, 2020

Development Multifamily North Carolina Southeast

Joint Venture Breaks Ground on 325-Unit Multifamily Community in Charlotte’s University District

by Alex Tostado December 10, 2020

CHARLOTTE, N.C. — A joint venture between The Spectrum Cos., Batson-Cook Development Co. (BCDC) and Heitman has broken ground on a 325-unit multifamily community in Charlotte’s University submarket. The property will comprise four mid-rise buildings with communal amenities such as a saltwater pool, dog park, grilling areas and a courtyard. Unit interiors will feature 10-foot ceilings, stainless steel appliances and tile backsplashes. The yet-to-be-named community will be situated at the intersection of University City Boulevard and North Tryon Street, near Lynx Blue Line’s University Station. It will also be near Centene’s $1 billion office headquarters underway. BB+M Architecture is the designer, Samet Corp. is the general contractor and LandDesign provided landscaping architecture and civil engineering services. The developers expect to deliver the first units in the second quarter of 2022 with full buildout planned for third-quarter 2022.

December 10, 2020

Development Multifamily Southeast Student Housing Virginia

Balboa, Opus Begin Construction on 428-Bed Student Housing Community in Richmond

by Alex Tostado December 10, 2020

RICHMOND, VA. — A joint venture between Balboa Real Estate Partners and The Opus Group has broken ground on Ascend Richmond. The 428-bed student housing community will be located near the Virginia Commonwealth University campus. The project will offer a mix of studio, one-, two-, three- and four-bedroom units. Communal amenities will include an outdoor terrace, pool, a fitness center and lounge areas. Rabren General Contractors is the general contractor for the project. A timeline for completion was not disclosed.

December 10, 2020

Development Multifamily Northeast Pennsylvania

RAL Development Nears Completion of 478-Unit Broadridge Apartments in Philadelphia

by Taylor Williams December 10, 2020

PHILADELPHIA — New York City-based RAL Development Services is nearing completion of Broadridge, a 478-unit apartment community that will be located at 1300 Fairmount Ave. near downtown Philadelphia. The property will span 305,000 square feet of residential space within a 14-story building. Units will feature studio, one-, two- and three-bedroom floor plans, and amenities will include two outdoor terraces totaling 30,000 square feet, a pool, grilling area, yoga lawn and a dog run. The project will also include 60,000 square feet of retail space that is leased to German discount grocer ALDI, which opened this week, and Spring Education Group, which will open a Chesterbrook Academy Preschool at the site in the near future. Residential move-ins are expected to begin in March. Information on starting rental rates was not released.

December 10, 2020

Development Healthcare Michigan Midwest

Henry Ford Health System, Acadia Healthcare Plan to Build Detroit-Area Behavioral Health Facility

by Kristin Harlow December 10, 2020

WEST BLOOMFIELD TOWNSHIP, MICH. — Henry Ford Health System and Acadia Healthcare Co. Inc. have formed a joint venture to build a behavioral health facility in West Bloomfield Township, about 30 miles northwest of Detroit. This week, the West Bloomfield Township Board approved the rezoning request for the parcel of land on which Henry Ford and Franklin, Tenn.-based Acadia intend to build the new hospital. Henry Ford already owns the land, which is adjacent to its Henry Ford West Bloomfield Hospital campus. The next step is to seek a Certificate of Need from the Michigan Department of Health and Human Services. Construction will begin once all regulatory approvals are met. Slated to open in late 2022, the hospital will be able to accommodate 192 beds with the potential to expand to meet future demand for inpatient services in the area. Comprehensive inpatient treatment will be provided for adults, seniors and adolescents who struggle with acute symptoms of mental health disorders such as anxiety, depression, bipolar disorder and posttraumatic stress disorder. The hospital will also serve as an academic site for the training of inpatient psychiatry residents, medical students, nurses and other healthcare professionals. As part of the agreement, Henry Ford …

December 10, 2020

Development Midwest Office Ohio

Coworking Company COhatch to Open Third Cincinnati-Area Location

by Kristin Harlow December 10, 2020

MILFORD, OHIO — Coworking company COhatch has unveiled plans to open its third Cincinnati-area location in Milford, about 15 miles northeast of Cincinnati. The coworking space will be located at the site of the former Sycamore Distillery. Originally built in 1834, the downtown historical landmark is being renovated and restored. COhatch says its new space will help meet growing demand from local residents for community, collaboration and private office space. The 8,800-square-foot building is slated to open in summer 2021. This COhatch location will feature 23 private offices, three meeting rooms, a community space and a second-story deck with outdoor seating. The meeting and event spaces will be available to the community as well as COhatch members. COhatch intends to build 10 locations in Southwest Ohio. The company currently has 14 facilities open or under development in the Midwest.

December 10, 2020

Development Industrial Nevada Western

Panattoni Development Completes Amazon Last-Mile Facility in Reno, Nevada

by Amy Works December 10, 2020

RENO, NEV. — Panattoni Development, serving as developer, has completed northern Nevada’s first Amazon last-mile facility, located at the intersection of Virginia Street and Stead Boulevard in Reno. Constructed in five months, the 145,602-square-foot building will enable Amazon to be fully operational for the holiday season. A last-mile facility serves as the final distribution hub prior to delivery to end-users, enabling shipments to be delivered as quickly as possible. The project team included Alston Construction, Architects Orange and Odyssey Engineering Inc.

December 10, 2020

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