Development

High Street Residential Completes Development of 168-Unit Active Adult Community in Minnetonka, Minnesota

by Kristin Harlow September 15, 2020

MINNETONKA, MINN. — High Street Residential, a subsidiary of Trammell Crow Co., has completed the development of Avidor Minnetonka in suburban Minneapolis. The active adult community is home to 168 units for residents ages 55 and older. Allegro Management Co. is the property manager. Amenities at the six-story property include a bistro bar, business center, activity center, pet spa, fitness center, private dining room and pool deck. ESG Architects served as project architect and Stevens Construction was the general contractor. Monthly rents start at $1,890.

September 15, 2020

California Development Multifamily Western

Sudberry Properties Opens 434-Unit Purl at Civita Apartment Complex in San Diego

by Amy Works September 15, 2020

SAN DIEGO — San Diego-based Sudberry Properties has completed the development of Purl at Civita, the third apartment property within the sustainable, transit-oriented Civita community in San Diego’s Mission Valley submarket. Located at 7901 Civita Blvd., the property features two mid-rise, podium-style buildings offering a total of 434 apartments and 18,000 square feet of ground-floor retail space. The 434-unit property features two saltwater pools with hot tubs; a day-spa area with adjoining sauna; a Sky Terrace roof deck with outdoor media center and barbecues; game room with golf simulator; club room with demonstration kitchen; karaoke stage; and a “makers studio” for do-it-yourself projects. Additionally, Purl offers co-working offices, conference rooms, secure parcel lockers, electric car charging stations and a smoke-free environment. Apartments at Purl range from 530-square-foot junior, one-bedroom units to 1,347-square-foot three-bedroom layouts. Interior amenities include in-home washers/dryers, gourmet kitchens with farmhouse-style sinks, quartz countertops, stainless steel appliances, hardwood-style flooring in the main areas, carpeting in all bedrooms and LED lighting. Monthly lease rates range from approximately $2,155 to $3,620 per month. Purl is the third apartment community in Civita developed by Sudberry Propertires. All three — Circa 37, West Park and Purl — are situated in a campus …

September 15, 2020

Development Mixed-Use Multifamily Retail Utah Western

Lowe Property Group Breaks Ground on $40M Mixed-Use Development in Downtown Salt Lake City

by Amy Works September 14, 2020

SALT LAKE CITY — Developer Lowe Property Group, architect MVE + Partners and general contractor Zwick Construction have broken ground on 6th & Main, a mixed-use development in downtown Salt Lake City. The eight-story structure will feature 10,100 square feet of commercial space and 141,149 square feet of residential apartments. Totaling 283,936 square feet, 6th & Main will offer 170 market-rate apartments in a mix of modern studio, one- and two-bedroom layouts, a street-level lounge, co-working space, parking garage, two-level fitness center, swimming pool, spa, rooftop clubroom and viewing terrace. The property is slated to open for leasing in fall 2022.

September 14, 2020

Arizona Development Multifamily Western

Akara Partners to Open 320-Unit Kenect Phoenix Apartment Community this Fall

by Amy Works September 14, 2020

Editor’s update: As of October 2025, this property was rebranded as Sora. PHOENIX — Chicago-based Akara Partners is bringing Kenect, its hospitality-oriented apartment platform and social membership club, to downtown Phoenix. Located at 355 N. Central Ave., Kenect Phoenix has begun pre-leasing units at its leasing office at 130 N. Central Ave. Kenect will offer 320 furnished and unfurnished units, including junior studios, one-bedroom, one-bedroom flex and three-bedroom/three-bath floor plans. The community will also offer 24-hour amenities, including concierge services, studio fitness classes, social programming, virtual events, 8,000 square feet of ground-floor retail space, 7,000 square feet of co-working space and a rooftop pool. Kenect Phoenix will also offer residents Kenect Exclusive Experiences (KEE) with exclusive access to Kenect-branded events and fitness classes. Residents receive priority reservations for events, such as private concerts in the KEE Studios, demos with local mixologists and chefs, in-house artist classes and pet-friendly happy hours, as well as pop-up coworking and networking events. The property is located near Central Station on the area’s light rail, Arizona State University’s downtown campus, Phoenix Children’s Hospital and Arizona State University Law School and Medical School.

September 14, 2020

Development New York Northeast Office

RAL Development Tops Out 240,000 SF Zero Irving Office Building in Manhattan

by Taylor Williams September 14, 2020

NEW YORK CITY — RAL Development Services, in partnership with the New York City Economic Development Corp., has topped out Zero Irving, a 240,000-square-foot office building located in the Union Square neighborhood of Manhattan. Designed by Davis Brody Bond, the 21-story building is located at 124 E. 14th St. and will ultimately feature 176,000 square feet of Class A office space and 10,000 square feet of ground-floor retail space that will house a food hall, event space and a fitness center. Completion is scheduled for early 2021.

September 14, 2020

Development Multifamily Texas

Billingsley Opens 432-Unit Wallis & Baker Multifamily Community Near Fort Worth

by Taylor Williams September 14, 2020

GRAPEVINE, TEXAS — Locally based developer Billingsley Co. has opened Wallis & Baker, a 432-unit multifamily community in the northern Fort Worth suburb of Grapevine. The property features one-, two- and three-bedroom units and amenities such as a pool, fitness center, clubroom with a bar, a wine room with a billiards table, sand volleyball court, dog park, private dining room and a library with individual workspaces. Billingsley is also developing 27,400 square feet of office and retail space on an adjacent parcel that will create a walkable neighborhood for residents of Wallis & Baker.

September 14, 2020

Development Multifamily Texas

Inland, Cambridge Complete 308-Unit Citadel at Tech Ridge Apartments in North Austin

by Taylor Williams September 14, 2020

AUSTIN, TEXAS — A partnership between Inland National Development Co. LLC and Cambridge Development Group Inc. has completed Citadel at Tech Ridge, a 308-unit apartment community in North Austin. The property spans 14.8 acres and is located near Tech Ridge Business Park and Parmer Business Park, both of which are employment hubs for major tech users. Citadel at Tech Ridge features one-, two- and three-bedroom units. Amenities include a pool, fitness center, dog park, resident clubhouse and a cybercafé. Approximately 62 percent of the units were leased as of the end of August. Rents start a $1,195 per month for a one-bedroom unit, according to apartments.com.

September 14, 2020

Development Multifamily Texas

Howard Hughes Begins Preleasing 163-Unit Lane at Waterway Apartments in The Woodlands

by Taylor Williams September 14, 2020

THE WOODLANDS, TEXAS — The Howard Hughes Corp. (NYSE: HHC) has begun preleasing residences at The Lane at Waterway, a 163-unit multifamily community in The Woodlands, about 30 miles north of Houston. The seven-story property spans 1.7 acres and offers one-, two and three-bedroom units, as well as townhomes. Units are furnished with quartz countertops, stainless steel appliances, smart thermostats and keyless entry systems. Amenities include a clubroom, fitness center and an outdoor cooking area. The Lane at Waterway also features coworking office space, and residents may also rent private offices for an additional charge. The first units are expected to be available for occupancy in December. Rents start at $1,217 for a one-bedroom unit, according to apartments.com.

September 14, 2020

Development Healthcare Midwest Minnesota

Davis to Develop 78,000 SF Medical Office Building in Suburban Minneapolis

by Kristin Harlow September 14, 2020

ST. LOUIS PARK, MINN. — Davis has unveiled plans to develop the 78,000-square-foot Xchange Medical building in St. Louis Park, a western suburb of Minneapolis. Ear Nose & Throat Specialty Care and Surgical Care Affiliates will anchor the three-story, Class A medical office building. The two tenants will occupy 60 percent of the project, which will include a covered patient drop-off area, a healing garden and a total of 324 parking spaces. Xchange Medical will be built on a 4.6-acre site that Davis assembled from four separate parcels that currently house vacant office and warehouse buildings, an auto repair shop and a parking lot. Davis has owned the parcels since 2015. The buildings will be demolished to make way for the project, which the St. Louis Park City Council unanimously approved in August. Davis expects to break ground in October with completion slated for late 2021.

September 14, 2020

Development New York Northeast Office Top Stories

SL Green Opens $3.3B One Vanderbilt Office Tower in Midtown Manhattan

by Taylor Williams September 14, 2020

NEW YORK CITY — SL Green Realty Corp. (NYSE: SLG), a locally based developer and Manhattan’s largest office owner, has opened One Vanderbilt. The $3.3 billion office tower is located across the street from Grand Central Station in Midtown Manhattan. Designed by Kohn Pederson Fox Associates, One Vanderbilt spans 1.7 million square feet. Rising 77 stories and 1,401 feet, it is the tallest commercial building in the Midtown area. CBRE is the leasing agent for One Vanderbilt. SL Green developed the building in partnership with Houston-based Hines and the National Pension Service of Korea, according to the New York Post. The local media outlet also reports that One Vanderbilt is currently 67 percent leased to companies such as TD Securities, Carlyle Group and KPS Capital Partners. SL Green will occupy 70,000 square feet at the building for its new headquarters. Move-ins are scheduled to begin before the end of the year. Asking rents range from $125 to $300 per square foot. SL Green began assembling various tracts on the block between 42nd and 43rd streets and Madison and Vanderbilt avenues for the project more than 20 years ago, the Post reports. As part of the project, SL Green also made …

September 14, 2020

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