Development

Bromley to Develop 70,000 SF Boutique Office Building at Midtown Tampa Project

by John Nelson November 27, 2019

TAMPA, FLA. — Bromley Cos. has unveiled plans for a 70,000-square-foot, standalone office building within its Midtown Tampa project called The Loft at Midtown Tampa. The three-story building will feature ground-floor retail space with boutique office space on the second and third floors. The property will offer 15-foot ceilings, skylights and an outdoor terrace. Located near Midtown Commons park, The Loft will be adjacent to the dual-branded Aloft and Element hotels and 400 planned apartments. The office space will serve as an alternative to three traditional office towers already announced for the $500 million Midtown Tampa project, which will total 750,000 square feet. The first tower, Midtown One, is currently under construction with completion expected in 2021. Robin Bishop of Cushman & Wakefield’s Tampa office is Bromley’s leasing agent for The Loft.

November 27, 2019

Development Florida Industrial Southeast

Miller Breaks Ground on 427,856 SF BMW Collision Center, Garage Complex in Broward County

by John Nelson November 27, 2019

PEMBROKE PINES, FLA. — Miller Construction has broken ground on a six-story, 427,856-square-foot collision center and inventory garage in Broward County for Holman Automotive that will be occupied by franchisee BMW of Pembroke Pines. Immediately west of the Pembroke Pines dealership, the complex will serve as an automotive repair shop and an extension of the BMW showroom. Fort Lauderdale-based FSMY Architects and Planners designed the precast concrete structure, which will feature compressed air systems, car lifts, paint booths, alignment pits, a car wash and a show floor. Floors two through six will provide parking for the dealership’s inventory. Project team members include engineering firms Oakland Park, Fla.-based Winningham & Fradley (civil), Fort Lauderdale-based Bryntesen Structural Engineers (structural) and Deerfield Beach-based FAE Consulting (MEP). Completion is scheduled for fourth quarter 2020.

November 27, 2019

California Development Hospitality Mixed-Use Multifamily Office Retail Top Stories Western

Republic Urban Properties, Principal Real Estate Plan $401M Gateway at Millbrae Station Mixed-Use Project in Bay Area

by Alex Patton November 27, 2019

MILLBRAE, CALIF. — A partnership between Republic Urban Properties and Principal Real Estate Investors is preparing to break ground on a transit-oriented, mixed-use project named Gateway at Millbrae Station in Millbrae, a suburb just south of San Francisco. Located at the Millbrae Bay Area Rapid Transit (BART) station, the development will comprise 157,000 square feet of office space, 320 market-rate apartments, 80 affordable housing units, a 164-room hotel, 400 homes and 44,000 square feet of retail. Development costs are estimated at $401 million. The two developers formed a partnership called Republic Millbrae LLC, which will finance, construct and own the residential and office components of the project. “Gateway at Millbrae Station promises to be the new standard for revitalizing transit stations by increasing ridership while increasing revenues and creating much-needed affordable housing and jobs for the city of Millbrae and San Mateo County,” says Michael Van Every, president and CEO of Republic Urban Properties. The Millbrae BART Station and parking garage will remain open during construction, which is scheduled to begin on Wednesday, Dec. 4. “BART’s transit-oriented development helps the Bay Area address two of its greatest challenges: worsening traffic congestion and the lack of affordable housing,” says Bevan Dufty, …

November 27, 2019

Development Illinois Midwest Office

North Wells Capital Begins Expansion of 45,000 SF Office Building in Chicago’s River North

by Kristin Harlow November 26, 2019

CHICAGO — North Wells Capital, the investment affiliate of Urban Innovations Ltd., has begun expansion of 306 W. Erie, a 45,000-square-foot office building in Chicago’s River North. North Wells Capital acquired the building in May 2017 with plans to more than double its size. The expansion, designed by NORR Architects, integrates the existing brick and timber loft structure with a modern five-story addition, which will include an outdoor terrace and amenity space. Upon completion, the project will span 93,535 square feet. ARCO/Murray is the general contractor and JLL is the leasing agent. Urban Innovations will continue providing property management services.

November 26, 2019

Development Illinois Midwest Multifamily

LMC Breaks Ground on 212-Unit Apartment Building in Elmhurst, Illinois

by Kristin Harlow November 26, 2019

ELMHURST, ILL. — LMC, a wholly owned subsidiary of Lennar, has broken ground on The Flynn, a 212-unit apartment building in Elmhurst. First move-ins are slated for January 2021. Situated at 183 N. Addison Ave., the eight-story development is less than three miles from interstates 290 and 294. Floor plans will range from 565 to 1,745 square feet. Amenities will include a sky deck terrace, clubroom, dog run, fitness center and bike lounge. This is LMC’s seventh community in the greater Chicago area, joining properties such as The Marlowe and The Emerson.

November 26, 2019

Development New York Northeast

Rockefeller Group Tops Out 123-Unit Rose Hill Residential Building in Manhattan

by Alex Patton November 26, 2019

NEW YORK CITY — Rockefeller Group has topped out Rose Hill, a 123-unit condominium building in the NoMad neighborhood of Manhattan. The building, located at 30 East 29th Street, rises 600 feet and 45 stories and will offer floor plans ranging from studio to four-bedroom units, including penthouses. Amenities will include a resident bar and lounge with indoor and outdoor seating, fitness center, bike workshop, billiards room, pet salon and a studio guest suite available for reservation. Closings are expected to begin in late 2020. CentraRuddy Architecture designed the building and the interior and Lendlease is the general contractor.

November 26, 2019

Development Georgia Industrial Southeast

OmniTRAX, Broe Group Break Ground on $92M Facility for A&R Logistics Near Port of Savannah

by Alex Tostado November 25, 2019

RINCON, GA. — Transportation holding company OmniTRAX Inc. and investment firm The Broe Group have broken ground on a build-to-suit facility within Savannah Gateway Industrial Hub, an industrial park located in Effingham County 12 miles from the Port of Savannah. Denver-based OmniTRAX is the master developer of the 2,700-acre industrial park owned by Effingham County Industrial Development Authority. Louisville, Ky.-based A&R Logistics Inc. has signed a 12-year lease guaranteeing approximately 610,000 square feet of the project with an option to expand to 1 million square feet. Completion of the facility is scheduled for the fourth quarter of 2020. OmniTRAX will construct more than seven miles of park-serving rail infrastructure, a multi-customer OmniTRAX rail yard located nearby and a 200-plus-car dedicated rail yard for A&R. OmniTRAX will spend $92 million constructing the building and railyard where A&R will package and ship plastic pellets, according to the Savannah Morning News. A&R will receive, process and send out shipments internationally from the industrial park via its connection with Class 1 railroads CSX and Norfolk Southern.

November 25, 2019

Development North Carolina Office Southeast

SLI Capital, Atlas Stark to Begin Construction on 65,000 SF East End Market Project in Raleigh

by Alex Tostado November 25, 2019

RALEIGH, N.C. — SLI Capital, a real estate investment management firm, and Atlas Stark, a Raleigh-based real estate development firm, will soon begin the construction of East End Market, a 65,000-square-foot adaptive reuse project located in Raleigh’s East End neighborhood. Common Desk, a Dallas-based coworking space provider, signed on to take 28,423 square feet in East End Market in partnership with Workplace Hospitality Management, which is expanding Common Desk throughout the Carolinas and Tennessee. Common Desk’s East End Market location will feature space for community events, private offices and enterprise suites, as well as custom design elements like local art installations, industrial-sized roll-up doors, conference rooms and an outdoor patio. The project is scheduled for completion in fall 2020.

November 25, 2019

Development Industrial Texas

Stream Realty Acquires 300 Acres in West Houston for New Industrial Park

by Taylor Williams November 25, 2019

BROOKSHIRE, TEXAS — Stream Realty Partners has acquired 300 acres in the western Houston suburb of Brookshire for the development of Empire West Business Park, an industrial development that fronts Interstate 10 and U.S. Highway 90. The initial phase of Stream’s development strategy will center on the delivery of 1 million square feet of speculative product across three buildings. A construction timeline was not released.

November 25, 2019

Development Multifamily Texas

CRG Development Breaks Ground on 242-Unit Apartment Project in Fort Worth

by Taylor Williams November 25, 2019

FORT WORTH, TEXAS — CRG Development has broken ground on 401 Hemphill Apartments, a 242-unit community located in the Near Southside neighborhood of Fort Worth. The property will offer amenities such as a pool, fitness center, coworking space, outdoor grilling stations and a 277-space parking garage. Lamar Johnson Collaborative designed the project, and Cadence McShane is the general contractor. Completion is scheduled for the second quarter of 2021.

November 25, 2019

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