Tuesday, November 11, 2025
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DevelopmentIndianaMidwestMixed-Use

Thompson Thrift Breaks Ground on Final Phase of $750M Fishers District in Metro Indianapolis

by Kristin Harlow

FISHERS, IND. — Thompson Thrift has broken ground on The Union at Fishers District, the final phase of the master-planned development in the Indianapolis suburb of Fishers. The mixed-use project will bring luxury residences, retail and office space and Indiana’s first AC Hotel by Marriott. Located near I-69 and 116th Street, the commercial portion is slated for completion in late 2026 and will include 57,000 square feet of retail, restaurant and entertainment space, 70,000 square feet of Class A office space and a 135-room AC Hotel. Additionally, a central event plaza will serve as a gathering place for both visitors and residents. Tenants with signed leases include Piedra, a modern upscale Mexican restaurant; Niku Sushi.Kitchen.Bar, which offers contemporary Japanese cuisine; Kitchen Social, a casual restuarnt serving international cuisine; Everbowl, a health-focused fast-casual spot; and Racha Thai, a Thai food restaurant. Medical spa Renova Aesthetics and Sweathouz, a wellness facility offering health and recovery treatments, will also be among the first tenants to open. Thompson Thrift is actively negotiating leases on the remaining spaces. The Union Flats will be a Class A multifamily community with 251 units located above ground-floor retail space. The project is slated to open in late 2026. …

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DevelopmentMichiganMidwestMultifamilyRetail

Construction Underway on Adelaide Pointe Marina, Residential Development in Muskegon, Michigan

by Kristin Harlow

MUSKEGON, MICH. — Residential phases are underway and major infrastructure is in motion at Adelaide Pointe, a lakefront project in Muskegon, a western Michigan city located along Lake Michigan. Entrepreneur Ryan Leestma is spearheading the development. Backed by over $85 million in private capital and part of a broader $250 million master plan, Adelaide Pointe is located in a federally designated Opportunity Zone and anchored on a manmade peninsula surrounded by water. The project marks one of the largest waterfront developments in the state and Michigan’s largest Opportunity Zone project to date. The development will feature a 454-slip marina, luxury condominiums, a yacht club, boardwalk and commercial village.

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DevelopmentMidwestMissouriMultifamily

Local Developers Complete $90M Avenir Luxury Apartment Complex in Suburban St. Louis

by Kristin Harlow

UNIVERSITY CITY, MO. — Developers Charles Deutsch and Zack Deutsch have completed Avenir, a $90 million luxury apartment complex in the St. Louis suburb of University City. Occupancy at the 262-unit project has surpassed 50 percent. Floor plans come in one-, two- and three-bedroom configurations ranging from 640 to 1,620 square feet. Monthly rents start at $1,700. Amenities include pickleball courts, bocce ball, a resort-style swimming pool, outdoor grilling stations, fire pits, a dog park, fitness center, business center, indoor game room and coffee bar. Covered parking and a bike storage area are also available. Avenir represents the Deutsch’s first luxury apartment community that isn’t geared toward the seniors housing market. Charles Deutsch is one of the original co-founders and owners of The Gatesworth Communities, a collection of luxury seniors housing developments in University City and Creve Coeur. His son, Zack, has been a member of The Gatesworth Communities team for more than a decade. Holland Construction Services was the general contractor for Avenir. Construction began in October 2022. Additional project team members included Gray Design Group as architect and First Bank, which provided the financing.

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DevelopmentMixed-UseNorth CarolinaRetailSoutheast

AdVenture Development Breaks Ground on 100,000 SF BJ’s Wholesale Club in Selma, North Carolina

by John Nelson

SELMA, N.C. — AdVenture Development LLC has broken ground on a BJ’s Wholesale Club located within the 400-acre master-planned community of Eastfield Crossing in Selma, about 30 miles southwest of Raleigh. The new store, which will feature an onsite BJ’s gas station, will total 100,000 square feet. Additional tenants at the 3 million-square-foot mixed-use development include Academy Sports + Outdoors, Hobby Lobby, Old Navy, Ulta Beauty, Marshalls, Ross Dress for Less, Burlington, Five Below and Chase Bank. Target is also under construction at Eastfield Crossing and anticipates opening in spring 2026. Eastfield Crossing includes a business park, retail and entertainment space, medical and office space, a hospitality component, senior living and multifamily units and single-family residences. Locally based AdVenture Development is the owner and master developer of Eastfield Crossing.

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313-College-Ave.-College-Station
DevelopmentMultifamilyStudent HousingTexas

LV Collective, Culpepper Unveil Plans for 952-Bed Student Housing Project in College Station

by Taylor Williams

COLLEGE STATION, TEXAS — A partnership between LV Collective and Culpepper Realty has unveiled plans for a 952-bed student housing project that will serve students at Texas A&M University in College Station. The site at 313 College Ave. is located directly across from campus within the Legacy Point master-planned development. The community will feature 316 units in studio, one-, two-, three-, four-, five- and six-bedroom configurations, as well as 6,335 square feet of retail space. Amenities will include a pool, coffee bar, private and communal study rooms, fitness center, rooftop lounge and a courtyard. Project partners include Andres Construction, Oz Architecture, Variant Collaborative (interior design), Ironwood Design Group (landscape architecture), Kimley-Horn and VSM2 Structural Engineers. Completion is slated for fall 2027.

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Build-to-RentDevelopmentSingle-Family RentalTexas

Wan Bridge, Centurion to Develop 201-Unit Build-to-Rent Project in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — A partnership between Wan Bridge, a Texas-based developer of build-to-rent residential communities, and Centurion American Development Group will build Frontera Shores Townhomes, a 201-unit project that will be located in the northern Dallas suburb of Lewisville. The site spans 35.8 acres, and the community will offer two-, three- and four-bedroom townhomes. Amenities will include a pool, walking trails and a dog park. Vertical construction will begin over the summer, with the first homes expected to be available for occupancy before the end of the year. Full completion is slated for next December.

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The-Hopewell-Chapter
DevelopmentMultifamilyNew JerseyNortheast

KRE Group Begins Leasing 270-Unit Multifamily Project in Hopewell, New Jersey

by Taylor Williams

HOPEWELL, N.J. — Locally based developer KRE Group has begun leasing The Hopewell Chapter, a 270-unit multifamily project in Central New Jersey. The property consists of six four-story buildings that house one- and two-bedroom units, 54 of which are reserved as affordable housing. Specific income restrictions were not disclosed. Amenities include a 6,500-square-foot clubhouse, resort-style pool, outdoor dining areas, a playground, dog park and walking trails. Monthly rents start in the mid-$2000s for a one-bedroom apartment.

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DevelopmentIndustrialNew JerseyNortheast

STRO Cos., KRE Group Near Completion of 136,714 SF Industrial Redevelopment in Florham Park, New Jersey

by Taylor Williams

FLORHAM PARK, N.J. — A partnership between two New Jersey-based firms, The STRO Cos. and KRE Group, is nearing completion of an industrial redevelopment project in the Northern New Jersey community of Florham Park. The project converted a former office building that sits on a 14.4-acre site at 19 Vreeland Road into a 136,714-square-foot warehouse with a clear height of 36 feet, 26 loading docks, one drive-in door and parking for 108 cars and 36 trailers. Construction began in June 2024. Cushman & Wakefield has preleased the entirety of the building to Johnstone Supply (42,000 square feet) and PIMS Inc. (94,714 square feet).

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DevelopmentFloridaLoansSeniors HousingSoutheast

JLL, HJ Sims Secure $134.3M Bond Financing for Seniors Housing Development in Orlando

by John Nelson

ORLANDO, FLA. — JLL and HJ Sims have arranged $134.3 million in tax-exempt bond financing for a seniors housing development currently underway in Orlando. Dubbed Millenia Moments Orlando, the community will feature 151 independent living, 78 assisted living and 32 memory care units. Trinity Community Development Foundation, a nonprofit formed by Trinity Broadcasting Network (TBN), is the developer and borrower. Completion of the facility, which will total 316,900 square feet, is scheduled for 2027. The community will feature floorplans in one- and two-bedroom layouts. Memory care residences will include 26 private and six companion units. Amenities at the community will include a fitness center, theater, library, business center, art studio, dog park, game rooms, a beauty salon and an outdoor pool area. Vitality Senior Living will operate the community. JLL Securities and HJ Sims, in collaboration with JLL Capital Markets’ seniors housing team, acted as co-underwriters and arranged the fixed-rate financing, which comprises tax-exempt senior series 2025A bonds with a final maturity of 40 years.

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DevelopmentGeorgiaIndustrialSoutheast

Dermody Breaks Ground on 93,960 SF Industrial Facility in Johns Creek, Georgia

by John Nelson

JOHNS CREEK, GA. — Dermody has broken ground on LogistiCenter at South Forsyth, a 93,960-square-foot industrial facility located at 7515 New Boyd Road in Johns Creek, a northern suburb of Atlanta. Located in the South Forsyth/North Fulton market, the Class A facility is situated on a 10-acre site within Johns Creek Technology Park. Reed Davis, Bob Currie, Brad Pope and Hannah Dillard of JLL are handling leasing for LogistiCenter at South Forsyth, which is available for preleasing and slated for occupancy in the fourth quarter. The facility will feature 2,500 square feet of speculative offices, 32-foot clear heights, 54- by 60-foot column spacing, 22 dock-high doors, two drive-in doors, 99 parking stalls, ESFR fire protection and LED lighting.

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