CROWN POINT, IND. — Saxum Real Estate has begun development of a 322,600-square-foot cold storage project for Arcadia Cold in Crown Point, a city in northwest Indiana. FCL Builders is the general contractor. The project will feature a clear height of 50 feet, ample dock space and dock doors to expedite distribution and container handling services, and convertible rooms with temperature capabilities between minus 10 and 38 degrees Fahrenheit. Completion is slated for the second quarter of 2026. Arcadia Cold specializes in providing third-party handling, storage, distribution and value-add services to the food industry and is the seventh-largest cold storage operator in the U.S., according to a release.
SAN DIEGO — Breakthrough Properties, a joint venture between Tishman Speyer and Bellco Capital, has completed the development of Torrey View, a 520,000-square-foot life sciences campus located in the Del Mar Heights neighborhood of San Diego. The 10-acre property was fully preleased and is home to the oncology division of biopharmaceutical company Pfizer, which occupies 230,000 square feet across two buildings; and the innovation center for the biosciences division of BD, a global medical technology company, which occupies a 220,000-square-foot-building. Additional tenants include Charles River Laboratories, Actio Biosciences and Architect Therapeutics. Torrey View offers expansive ocean views and a full suite of amenities, including a client clubhouse, multiple dining options, a fitness center and pickleball court, 400-person conference facility, bike and surfboard storage and a partially below-grade parking garage covered by open green spaces and gardens. The joint venture acquired the development site for the campus, which has achieved LEED Gold certification, in October 2020. Equity partners in the project included Mitsui Fudosan America, Investment Management Corp. of Ontario and AP2. The development team included life sciences architectural firm Flad Architects and general contractor Clark Construction, and leasing for the project was handled by JLL. Formed in 2019, Breakthrough Properties …
MADISON, WIS. — McShane Construction Co. will build Lock Lane Apartments, a 309-unit multifamily project in Madison. Vermilion Development is the developer. Located on an 8.5-acre site adjacent to Tenney Park, the project will consist of two five-story buildings with 289 apartment units and three two-story townhome buildings with 20 units. There will also be a two-level parking garage. Amenities will include green roof areas, fitness centers, clubrooms, coworking spaces, conference rooms, community gardens and a fenced dog run. JLL arranged equity capital through Quartz Lake Capital and Clarion Partners. CIBC is providing construction financing. Potter Lawson is the project architect.
ORLANDO, FLA. — Live Nation plans to open a 3,500-seat entertainment venue at Westcourt Sports and Entertainment District, a 900,000-square-foot mixed-use project currently underway in downtown Orlando. Construction on the facility is scheduled to begin early next year, with an anticipated opening in 2027. SED Development, JMA Ventures and Machete Group are developing Westcourt, which will feature a 261-room Kimpton hotel, 265 residential units, 300,000 square feet of office space and 125,000 square feet of entertainment and dining-focused retail space. Westcourt will also feature 1.5 acres of flexible green space that will host programming including yoga classes, farmer’s markets, live music, food festivals and movie nights.
DECORAH, IOWA — The Opus Group has broken ground on a renovation and expansion of the Regents Center, the existing 200,000-square-foot athletic facility at Luther College in Decorah, a city in northeast Iowa. The development, which will be renamed the Gerdin Fieldhouse for Athletics and Wellness, will receive a 15,787-square-foot addition. Built in 1963, Regents Center has long housed the Luther Norse athletic teams. The Gerdin Fieldhouse, made possible through a $10 million gift from Michael and Nicole Gerdin and the Gerdin Charitable Foundation, marks one of the largest renovation projects in Luther’s 162-year history. The project scope includes a new 5,787-square-foot public lobby on the facility’s north end to include a new concession stand, restrooms and a Hall of Fame space. Opus will also build a new 10,200-square-foot wrestling training complex. The existing basketball and volleyball arena will receive extensive renovations. The athlete training and rehab facilities, locker rooms, and meeting and study spaces will also undergo renovations. Completion is slated for December 2025. Opus is serving as the design-builder in partnership with RDG Planning & Design.
STRONGSVILLE, OHIO — Peak Construction Corp. has completed a 56,000-square-foot tenant improvement project for Blackhawk Industrial Distribution in Strongsville, a southern suburb of Cleveland. Peak previously constructed the 310,000-square-foot building on behalf of developer Scannell Properties. The property features a clear height of 32 feet, nine docks and 3,500 square feet of office space. HSB Architects & Engineers was the project architect.
DURHAM, N.C. — Crosland Southeast has broken ground on Latta Park, a planned mixed-use community located on the north end of Durham. The first phase spans 10 acres and will include a 42,240-square-foot Publix grocery store and 12,580 square feet of shop space. Phase I will also comprise a food truck terrace, walking trails, green space and public art installations. Crosland Southeast has tapped Chip Lanier and Jenn Olevitch-Roberson of Lee & Associates to oversee retail leasing at Latta Park, which is slated for a spring 2026 completion. The developer is investing $2 million in infrastructural improvements at the intersection of Guess and Latta roads to make way for the development. Future phases of the 30-acre mixed-use community will include 176 townhomes built by Tri Pointe Homes.
SALISBURY, MD. — St. John Properties Inc. has begun construction on Westwood Commerce Park, a three-building industrial project in Salisbury, approximately 30 miles west of Ocean City in Wicomico County. The first phase of construction, which will be built on a speculative basis, comprises two flex/research-and-development facilities spanning more than 70,000 square feet that will be located at the intersection of Ocean Gateway and Naylor Mill Road. St. John Properties plans to deliver Phase I by fourth-quarter 2025. The 16-acre development will also include a three-acre pad site that would be suitable for a gas station or convenience store, according to St. John Properties. The Baltimore-based developer anticipates Westwood Commerce Park to employ more than 400 people at full capacity.
RUPERT, IDAHO — Mart Frozen Foods, a subsidiary of The Mart Group, has opened a $65 million high-tech food manufacturing facility in Rupert. Situated in Southern Idaho’s Magic Valley region, which leads the state’s agribusiness industry, the 100,000-square-foot plant produces and packages frozen, fully baked Idaho potatoes known as OH!Tatoes. The new facility is adjacent to The Mart Group’s headquarters, bringing the company’s total employment in Rupert to more than 230 people. The new Mart Frozen Foods facility will directly create 80 full-time jobs and have an estimated annual economic impact of $11.5 million.
NEW YORK CITY — Pillar Property Management has broken ground on The Earl Monroe New Renaissance Basketball School, a $35 million academic project in the Mott Haven area of The Bronx. The five-story, 69,000-square-foot building will be located at 647 Elton Ave. and will house an 8,000-square foot gymnasium, 27 regular and specialty classrooms, a library/media production studio and a dedicated broadcast studio. New Renaissance Basketball Association will operate the school, which expects to have an enrollment of about 400 students, via a long-term lease with Pillar. The project team includes ESKW/Architects, IMC Architecture, JV Construction & Consulting and Brisa Builders. Completion is slated for early 2026.