Development

Nordstrom Rack to Open Two Florida Stores Totaling 51,000 SF

by John Nelson October 28, 2024

MELBOURNE AND SARASOTA, FLA. — Nordstrom Rack has announced plans to open two new stores in Florida. Located in Melbourne and Sarasota, the stores will comprise 24,000 and 27,000 square feet, respectively. The Melbourne store will be situated within The Avenue Viera and is scheduled to open next fall. Scheduled to open spring 2026, the Sarasota store will be situated within Sarasota Pavilion. InvenTrust Properties owns and manages Sarasota Pavilion, and WS Development owns and manages The Avenue Viera. Nordstrom Rack is a discount apparel retailer and subsidiary of Nordstrom Inc. The Seattle-based retailer operates more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack stores.

October 28, 2024

Development Industrial Self-Storage Texas

DXD Capital Breaks Ground on 870-Unit Self-Storage Project in San Antonio

by Taylor Williams October 28, 2024

SAN ANTONIO — Developer DXD Capital has broken ground on an 870-unit self-storage project in San Antonio. The multi-story facility at 11202 Misty Woods St. will feature 80,490 net rentable square feet of climate-controlled space. Reliable Commercial Construction is the general contractor for the project, which is being financed by Illinois-based financial holding company Wintrust. Extra Space Storage will manage the facility, which is slated for a third-quarter 2025 opening.

October 28, 2024

Development Hospitality Midwest Missouri

Four-Story Woodspring Suites Hotel Opens Near Kansas City Airport

by Kristin Harlow October 28, 2024

KANSAS CITY, MO. — The Woodspring Suites Hotel has opened at the southwest corner of I-29 and 64th Street in Kansas City. The four-story, 49,000-square-foot hotel is situated on two acres within the Tremont Square East development near the Kansas City International Airport. Philip Goforth, Omid Shahbazian and Todd Kobayashi, partners of Genesis Construction Management LLC, led the development of the property. Block & Co. Inc. Realtors Development & Construction Management LLC supervised the hotel development. David Block and Tony DeTommaso of Block & Co. negotiated the hotel sale on behalf of ownership.

October 28, 2024

Affordable Housing Development Midwest Multifamily Wisconsin

Gorman & Co. Completes 48-Unit Affordable Housing Community in Green Bay, Wisconsin

by Kristin Harlow October 28, 2024

GREEN BAY, WIS. — Gorman & Co., in partnership with Lutheran Social Services of Wisconsin and Upper Michigan (LSS), has completed Bay City Lofts in Green Bay. The 48-unit affordable and supportive housing community is located at 2510 University Ave. Of the 48 units, 40 are reserved for households earning between 30 and 60 percent of the area median income. The remaining eight units are market rate. Amenities include a community room, fitness center and onsite offices for LSS, which will provide supportive services for residents.

October 28, 2024

Development Industrial Office Texas

Foundry Commercial to Undertake 323,000 SF Industrial Conversion Project in Plano

by Taylor Williams October 28, 2024

PLANO, TEXAS — Orlando-based Foundry Commercial will undertake a 323,000-square-foot industrial conversion project in Plano. The 22-acre site at 2700 W. Plano Parkway houses a 250,000-square-foot office building that will soon be demolished to construct two industrial buildings. These buildings will total 226,900 and 96,100 square feet and have 32-foot clear heights. JLL arranged construction financing for the redevelopment, which will be known as Plano Midpoint and is slated for an early 2026 completion. Holt Lunsford Commercial has been appointed as the leasing agent.

October 28, 2024

Development Retail Texas

H-E-B to Open 131,000 SF Grocery Store in Forney, Texas

by Taylor Williams October 28, 2024

FORNEY, TEXAS — Grocer H-E-B will open a 131,000-square-foot store in Forney, an eastern suburb of Dallas. The site is located at the junction of U.S. Highway 80 and Gateway Boulevard. Details on specific store features and offerings were not disclosed. Construction is underway, and the opening is scheduled for early 2026. The San Antonio-based grocer operates about 435 stores throughout Texas and Mexico.

October 28, 2024

Normandy-Logistics-Center-Piscataway-New-Jersey

Development Industrial New Jersey Northeast

Rockefeller Group to Develop 241,200 SF Distribution Center in Piscataway, New Jersey

by Taylor Williams October 28, 2024

PISCATAWAY, N.J. — New York City-based Rockefeller Group will develop Normandy Logistics Center, a 241,200-square-foot distribution center in the Northern New Jersey community of Piscataway. The site at 10 Normandy Drive spans 36 acres, and the facility will feature a clear height of 40 feet, 162 car parking spaces, 60 trailer parking spaces and 41 single-load loading docks. Mancini Duffy is the project architect, and Alston Construction is the general contractor. Michael Markey and Jonathan Tesser of Colliers brokered the sale of the land and have also been retained as leasing agents. Construction will begin before the end of the year and is expected to be complete in the fourth quarter of 2025.

October 28, 2024

California Development Multifamily Seniors Housing Western

DHI Hellenic Apartments Completes Rehabilitation of Affordable Housing Community for Seniors in Sacramento

by Amy Works October 28, 2024

SACRAMENTO, CALIF. — A California-based entity doing business as DHI Hellenic Apartments LP has completed the renovation and rehabilitation of Hellenic Senior Apartments, an affordable seniors housing property in the Pocket-Greenhaven area of Sacramento. Renovations included replacing roofs and siding, new energy-efficient systems and updates to common areas such as the clubhouse, leasing office and laundry facilities. All 70 units received new windows, sliding glass doors, energy-efficient appliances, dishwashers, modern kitchen cabinets and countertops. Fourteen units were upgraded to be fully ADA-compliant, and several units received additional modifications to accommodate residents with mobility, hearing or visual impairments. Hellenic Senior Apartments offers units designated for tenants earning various income levels: 30 percent of the area median income (AMI), 40 percent AMI, 50 percent AMI and 60 percent AMI. DHI Hellenic Apartments secured financing for the project through a combination of 9 percent tax credit equity provided by R4 Capital LLC with CVS Health | Aetna as the investor limited partner, a construction loan and permanent loan proceeds from East West Bank.

October 28, 2024

Arizona Development Retail Western

Thompson Thrift to Develop 27,119 SF Retail Center in Tempe, Arizona

by Amy Works October 28, 2024

TEMPE, ARIZ. — Thompson Thrift has announced plans to develop South Tempe Square, a 27,119-square-foot retail center, roughly 10 miles outside Phoenix in Tempe. The developer purchased a 3.7-acre site for the project and is scheduled to break ground in the first quarter of 2025. Upon completion, which is scheduled for early 2026, the center will feature four buildings ranging in size from 4,500 to 9,753 square feet.

October 28, 2024

Development Mixed-Use Texas

Balfour Beatty Breaks Ground on $95.5M Mixed-Use Development in Dallas

by Taylor Williams October 25, 2024

DALLAS — General contractor Balfour Beatty has broken ground on a $95.5 million mixed-use development that will be located in the Knox-Henderson area of Dallas. The site spans a quarter-mile stretch of North Henderson Avenue between Glencoe Street and McMillan Avenue that has been vacant for decades. The 161,000-square-foot development will have 10 buildings, and plans currently call for 12,000 square feet of restaurant space, 75,000 square feet of retail space, 74,000 square feet of office space and 500 subgrade parking spaces. A partnership between New York-based Acadia Realty Trust and Dallas-based Ignite-Rebees is leading the development, which will also deliver new street paving, decorative crosswalks, enriched landscaping and buried utility lines. Dallas-based GFF is the project architect. A groundbreaking ceremony took place earlier this month, and completion is slated for fall 2026.

October 25, 2024

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