Development

WinnCos Completes 70-Unit Seniors Housing Redevelopment Project in East Haven, Connecticut

by Taylor Williams October 27, 2020

EAST HAVEN, CONN. — Developer WinnCos. has completed The Tyler, a seniors housing project in East Haven that is a redevelopment of an 84-year-old former high school building. The Tyler offers 70 units for individuals aged 55 and older and amenities such as a fitness center, outdoor courtyard and an arts and crafts room. The property consists of 67 one-bedroom units and three two-bedroom units. Twenty apartments rent at market rates, and 50 others are available for residents who earn 25 percent to 80 percent of the area median income.

October 27, 2020

Development Multifamily Texas

Wood Partners Completes 204-Unit Alta Washington Apartments in Houston’s Memorial Park District

by Taylor Williams October 27, 2020

HOUSTON — Multifamily developer Wood Partners has completed Alta Washington, a 204-unit apartment community in the Memorial Park area of Houston. The property features one- and two-bedroom units, as well as six townhomes, with quartz countertops, stainless steel appliances and hardwood-style flooring. Amenities include a pool, fitness center, business center, package sorting room, outdoor grilling stations and a dog park. Move-ins will begin in early November. Rents start at $1,675 per month for a one-bedroom unit.

October 27, 2020

Development Industrial Midwest Ohio Top Stories

Purina to Build $550M Pet Food Production Facility in Metro Cincinnati

by John Nelson October 27, 2020

WILLIAMSBURG TOWNSHIP, OHIO — Nestlé Purina PetCare (Purina), a subsidiary of the global Nestlé brand, plans to build a new 1.2 million-square-foot industrial facility in the Cincinnati suburb of Williamsburg Township. The St. Louis-based pet product manufacturer says its total investment in the facility will total $550 million and it will house more than 300 employees when fully operational. Purina will produce its brands of dry dog and cat food at the new facility such as Purina Pro Plan, Purina ONE and Dog Chow. The property will adhere to the latest food safety and sustainability standards and utilize robotics and digital technology to maximize efficiency, according to Purina. The new facility is situated within South Afton Industrial Park and represents the first ground-up facility for Purina since 1975. Construction will begin this fall and the factory is expected to be operational in 2023. This is Purina’s second pet food production facility announced in 2020 as the company revealed last month its plans to convert a former brewery in Eden, N.C., into a 1.3 million-square-foot pet food factory. The new $450 million property will sit on the North Carolina-Virginia border and begin operations in 2022. “Purina is excited to be building …

October 27, 2020

Development Florida Multifamily Seniors Housing Southeast

Allied Group Plans to Convert Two Retail Properties in Metro Tampa to 154-Unit Seniors Housing Community

by Alex Tostado October 26, 2020

ST. PETERSBURG, FLA. — Allied Group Holdings has completed the acquisition of two retail buildings in St. Petersburg, with plans to redevelop the properties into a seniors housing-anchored mixed-use project. The buyer acquired Maximo Mall, a 2.8-acre, 39,000-square-foot retail center, and the adjacent Maximo Plaza, a 2.5-acre, 10,600-square-foot, single-tenant retail building leased to Ace Hardware. The properties are situated in the Waterfront Skyway Marina District of St. Petersburg, three miles from downtown and one mile from the beach. Local private lender LV Lending provided $3.6 million in financing for the transactions. Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending led the financing. Allied Group Holdings plans to redevelop the site into an eight-story, 154-unit assisted living facility. Construction is scheduled to begin in first-quarter 2021. Additional retail development will take place along U.S. Highway 19 at the same time. Jack Dougherty of Allied Group Holdings is also the developer of Marina Walk, a $50 million waterfront apartment complex under construction on the site of the former Flamingo Resort across the street from this new project.

October 26, 2020

Development Retail Southeast Virginia

Apex Entertainment to Open 84,000 SF Location at Former Dick’s Sporting Goods Within Town Center of Virginia Beach

by Alex Tostado October 26, 2020

VIRGINIA BEACH, VA. — Apex Entertainment will open an 84,000-square-foot location at the former site of a Dick’s Sporting Goods within Town Center of Virginia Beach. The asset will be situated at 4631 Columbus St., equidistant between downtown Norfolk and Virginia Beach. The property will feature a variety of activities including indoor go karting, bowling, laser tag, escape rooms, ropes courses, arcade, sports simulators, ax throwing, mini golf, bumper cars, virtual reality and event meeting space. The location will also offer a full-service kitchen. Marlborough, Mass.-based Apex expects to open the location by the end of the year.

October 26, 2020

Development Mississippi Multifamily Southeast

Gulf Coast Housing, South Mississippi Housing Break Ground on Multifamily Redevelopment Project in Gulfport

by Alex Tostado October 26, 2020

GULFPORT, MISS. — Gulf Coast Housing Partnership (GCHP) and South Mississippi Housing & Development Corp. (SMHD) have broken ground on the redevelopment of North Park Estates in Gulfport. Phase I of the redevelopment will include demolishing 92 units, 31 of which are uninhabitable, according to the developers. SMHD and GCHP expect to deliver Phase I in summer 2021. The units will be reserved for residents earning at or below 60 percent of the area median income (AMI). North Park Estates was originally built in 1959 as the former L.C. Jones public housing complex for the Mississippi Regional Housing Authority No. VIII (MRHA VIII). SMHD acquired the asset in 2008 and rebranded the 160-unit community as North Park Estates. The project was funded, in part, via a $500,000 Affordable Housing Program (AHP) grant from The Peoples Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas).

October 26, 2020

Development Industrial Texas

Amazon to Open 700,000 SF Fulfillment Center in Waco, Create 1,000 Jobs

by Taylor Williams October 26, 2020

WACO, TEXAS — Amazon (NASDAQ: AMZN) will open a 700,000-square-foot fulfillment center in Waco, the Seattle-based e-commerce giant’s first in the Central Texas city. The facility is expected to come on line in 2021 and to bring about 1,000 new full-time jobs to the market. Local CBS affiliate KWTX reports that the facility will be situated on a 90-acre site at 2000 Exchange Parkway near Baylor Scott & White Hillcrest Medical Center on the city’s south side. Over the last decade, Amazon has made approximately $17 billion in capital investment in Texas, resulting in the creation of some 43,000 new jobs.

October 26, 2020

Development Industrial Texas

Sunrider International to Open 71-Acre Manufacturing Plant in Midlothian, Texas

by Taylor Williams October 26, 2020

MIDLOTHIAN, TEXAS — Sunrider International, a California-based provider of food, health, beauty and household products, will open a 71-acre manufacturing and research and development facility in the southern Dallas suburb of Midlothian. Construction of the facility is underway, and the company will begin relocating employees of its California manufacturing operation to the new plant in 2021. The Dallas Morning News reports that Sunrider recently filed permits to develop a 340,000-square-foot building on the site, as well as to eventually build a facility spanning 1 million square feet or more. The newspaper also reports that the City of Midlothian and Ellis County offered Sunrider more than a 50 percent property and business tax abatement if the company ultimately expands its footprint to 600,000 square feet and hires more than 200 employees. Chicago-based merchant bank Conlon & Co. owns the site.

October 26, 2020

Development Industrial Texas

Ti Cold Development to Build 303,920 SF Cold Storage Facility in Houston

by Taylor Williams October 26, 2020

HOUSTON — Ti Cold Development, which specializes in cold storage properties, will build a 303,920-square-foot facility within East Hardy Commerce Park in Houston. The site offers proximity to Interstate 45, Beltway 8 and George Bush Intercontinental Airport. The facility will feature more than 42,000 pallet positions and will be marketed to both multi-tenant and build-to-suit users. A construction schedule was not disclosed.

October 26, 2020

Development Indiana Midwest Multifamily

Flaherty & Collins Breaks Ground on $32M Whiskey River Apartments in Lawrenceburg, Indiana

by Kristin Harlow October 26, 2020

LAWRENCEBURG, IND. — Flaherty & Collins Properties has broken ground on Whiskey River, a $32 million luxury apartment development in Lawrenceburg, about 27 miles west of Cincinnati. The 150-unit project will include amenities such as a pool, lounge area, coworking lounge, fitness center, bark park and bike storage. The waterfront development will be located along the Ohio River. The name Whiskey River alludes to Lawrenceburg’s long history in whiskey production, earning it the nickname “Whiskey City, USA.” Busey Bank served as construction lender. Flaherty & Collins Construction is the general contractor and American Structurepoint is the architect and engineer. Completion is slated for summer 2022.

October 26, 2020

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