Development

Greystar Opens New Corporate Headquarters at 82,000 SF Office Building in Downtown Charleston

by Alex Tostado December 4, 2019

CHARLESTON, S.C. — Greystar Real Estate Partners LLC has opened its new headquarters in the Greystar Building, located in downtown Charleston. The five-story, 82,000-square-foot building completes Phase I of Evening Post Industries’ Courier Square redevelopment. The Greystar Building is the second property to open as part of the first phase of development within the master plan. Robert A.M. Stern Architects, Gensler and Elizabeth Stuart designed the headquarters to fit in with surrounding architecture. The building includes 70,000 square feet of office and 12,000 square feet of retail space. The building, located at 465 Meeting St., Suite 500, features 71 conference rooms and collaborative spaces, motion-sensor lighting, filtered water machines, coffee bar, fitness center/yoga studio and locker rooms with showers.

December 4, 2019

Cambria-Hotel-Downtown-Phoenix-Conference-Center-Phoenix-AZ

Arizona Development Hospitality Western

Cambria Hotels Opens 127-Room Downtown Phoenix Convention Center Hotel

by Amy Works December 4, 2019

PHOENIX — Cambria Hotels, an upscale brand franchised by Choice Hotels International, has opened its third hotel in Arizona: Cambria Hotel Downtown Phoenix Convention Center. Situated at 222 E. Portland St., the seven-story, 127-room hotel features a spacious rooftop, multi-function meeting and event space, a pool with cabanas and bar, a state-of-the-art fitness center and Poppy, an on-site restaurant. Guest rooms feature modern fixtures, abundant lighting and plush bedding, as well as spa-style bathrooms. Oxford Hotels & Resorts manages the hotel, which was developed by True North Studio.

December 4, 2019

Development Industrial Texas

M2G Ventures Begins Work on 640,000 SF Industrial Development at Fort Worth’s AllianceTexas

by Taylor Williams December 4, 2019

FORT WORTH, TEXAS — M2G Ventures has begun construction on North Quarter 35, a 640,000-square-foot industrial development within the AllianceTexas master-planned community in Fort Worth. The Class A project will deliver an undisclosed number of buildings with cross-dock, rear-load and front-load configurations. Stream Realty Partners will handle leasing of the new buildings, completion of which is slated for the fourth quarter of 2020. GSR Andrade is the project architect, and FCL Builders is the general contractor.

December 4, 2019

Development Industrial Texas

Black Creek Group Breaks Ground on 569,000 SF Industrial Project in Fort Worth

by Taylor Williams December 4, 2019

FORT WORTH, TEXAS — Black Creek Group, a Denver-based investment and development firm, has broken ground on a 569,000-square-foot industrial project within Carter Logistics Center in Fort Worth. The project will deliver three buildings with 32-foot clear heights, 180-foot truck court depths and proximity to Interstates 35 and 20. The buildings will range in size from 88,000 to 250,000 square feet and will be divisible down to 30,000 square feet to accommodate multiple tenants. Construction is scheduled to be complete in the third quarter of 2020. CBRE is handling leasing of the project.

December 4, 2019

Development Hospitality Texas

Hall Group Opens 183-Room Boutique Hotel in Dallas Arts District

by Taylor Williams December 4, 2019

DALLAS — Locally based developer Hall Group has opened the HALL Arts Hotel, a luxury boutique hotel located in the Dallas Arts District. Designed by HKS Architects, the property features a 183 guest rooms, 19 suites, a restaurant and lounge, rooftop pool, fitness center, contemporary art collection and more than 6,000 square feet of meeting and event space. The property is the first hotel to open in the district.

December 4, 2019

Development Mixed-Use New York Northeast

Brookfield Properties Underway on $950M Mixed-Use Development in The Bronx

by Alex Patton December 4, 2019

NEW YORK CITY — Brookfield Properties is underway on construction of Bankside, a $950 million mixed-use development that will be situated on 4.3 acres in the Mott Haven neighborhood of The Bronx. Plans currently call for 1,350 apartments, 30 percent of which will be marketed at affordable rates, a public waterfront park and promenade and 15,000 square feet of retail space. Hill West Architects is designing the project. Construction will be split into two phases, with the first phase delivering 450 apartments that are expected to open by the end of 2021.

December 4, 2019

Development New York Northeast Office

Safehold Inc. Underway on Construction of 670,000 SF Office Building in Manhattan

by Alex Patton December 4, 2019

NEW YORK CITY— Developer Safehold Inc. is underway on construction of a 42-story, 670,000-squre-foot office building in the Park Avenue corridor of Manhattan. Located at 425 Park Avenue in Manhattan, the Class A building will include office space and 18,000 square feet of retail space, the majority of which will be leased to restaurant users. Safehold entered into a joint venture with a sovereign wealth fund in September and now owns approximately 55 percent of the venture.

December 4, 2019

Development Hospitality Louisiana Southeast Top Stories

Carpenter & Co., Woodward to Open 341-Room Four Seasons Hotel in New Orleans

by Kristin Harlow December 4, 2019

NEW ORLEANS — Developers Carpenter & Co. Inc. and Woodward Interests LLC will open a 341-room Four Seasons hotel in New Orleans. The property will also include 92 private residences on the top floors of the building. The project is a redevelopment of the 33-story World Trade Center office building. Completion is slated for late 2020. Two Canal Owner LLC, in which both developers are partners, will own the building. The first Four Seasons in New Orleans, the property will be situated within the central business district. It will be located next to the French Quarter, Warehouse District and the Ernest N. Morial Convention Center and feature views of the Mississippi River. “New Orleans has been a priority market for us for many years and we have been waiting for the right opportunity to make our debut in this dynamic city,” says John Davison, president and CEO of Four Seasons Hotels and Resorts. The hotel will include meeting and event spaces, four food and drink outlets, retail space, spa facilities and a rooftop pool. Mali Carow, a Four Seasons veteran of almost 20 years, will serve as general manager. Founded in 1960, Four Seasons currently operates 117 hotels and resorts …

December 4, 2019

Alabama Development Industrial Southeast

Enviva to Develop $175M Wood Pellet Facility in Livingston, Alabama

by Alex Tostado December 3, 2019

LIVINGSTON, ALA. — Maryland-based Enviva, a producer of wood pellets, has unveiled plans to build a facility in Livingston, 60 miles southwest of Tuscaloosa. The Alabama Department of Environmental Management (ADEM) issued an air construction permit for the facility, which will be located at the Port of Epes Industrial Park and represents an initial investment of $175 million. The facility will produce wood pellets as an energy source and create openings for 85 full-time jobs, with additional jobs anticipated to construct and support the plant. The Livingston facility will be part of Epes’ collection of pellet plants in Mississippi and Alabama. The wood pellets from the Epes plant will be transported via the nearby Tennessee-Tombigbee River to Enviva’s planned deep-water marine terminal in Pascagoula, Miss. and exported then to Europe and Asia. The plant’s planned capacity is expected to be 1.2 million metric tons of wood pellets per year. Enviva expects to be ready for construction in early 2020, subject to final investment approval. Enviva expects to deliver the facility in 15 to 18 months.

December 3, 2019

Development Florida Multifamily Seniors Housing Southeast

Allegro Senior Living Opens 212-Unit Community in Dadeland

by Alex Tostado December 3, 2019

KENDALL, FLA. — Allegro Dadeland has opened a 212-unit senior living community at 7400 SW 88th St. in the Miami suburb of Kendall. The high-rise, pet-friendly Dadeland complex offers one-, two- and three-bedroom layouts. Communal amenities include housekeeping, transportation, dining venues, a bar, fitness center, salon, theater, valet parking, common areas and a pool. The community is situated in mixed-use neighborhood, adjacent to restaurants and the Dadeland Mall.

December 3, 2019

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