Development

Greystar to Develop 180-Unit Seniors Housing Community in Metro Orlando

by Alex Tostado August 26, 2020

WINTER GARDEN, FLA. — Greystar Real Estate Partners LLC will develop Overture Hamlin, a 180-unit active adult seniors housing community in Winter Garden. The Charleston, S.C.-based developer expects to deliver the property in summer 2021. The Central Florida property will offer one- and two-bedroom floor plans. The community will feature a clubhouse with a private wine room, covered patio, pool, sun deck, dog park, community-friendly golf cart trails, fitness center, yoga studio, craft room, theater room and an activity lounge. The asset will be situated within Hamlin Town Center, 20 miles west of downtown Orlando.

August 26, 2020

Development Multifamily Northeast Rhode Island

Cornish, Nordblom, Boston Andes Open $54M Nightingale Apartments in Providence

by Taylor Williams August 26, 2020

PROVIDENCE, R.I. — A development team consisting of Cornish Associates, New England-area developer Nordblom Co. and Boston Andes Capital LLC has opened Nightingale Apartments, a $54 million multifamily community in downtown Providence. The property features 143 units in studio, one- and two-bedroom formats and ranging in size from 500 to 1,200 square feet and 11,500 square feet of ground-floor retail space. Amenities include a fitness center, coworking space, resident lounge and an elevated courtyard.

August 26, 2020

Delaware Development Multifamily Northeast Seniors Housing

J.G. Petrucci Completes $20M Seniors Housing Project in Harbeson, Delaware

by Taylor Williams August 26, 2020

HARBESON, DEL. — Developer J.G. Petrucci has completed PeachTree Health Group Rehabilitation Center, a $20 million seniors housing project in the southern Delaware city of Harbeson. The property features 78 assisted living units that will serve patients that are recovering from brain injuries. Cerminara Architect designed the project. Iron Hill Construction, J.G. Petrucci’s in-house construction firm, served as the general contractor

August 26, 2020

Affordable Housing Development Loans Multifamily Texas

Hunt Capital Partners Provides $9.8M in Construction Financing for Affordable Housing Project Near Houston

by Taylor Williams August 26, 2020

CHANNELVIEW, TEXAS — Hunt Capital Partners has provided $9.8 million in federal low-income housing tax credit equity financing for the construction of The Hollows Apartments. The 192-unit affordable housing community will be located on a 7.5-acre site in Channelview, about 17 miles northeast of Houston. The Hollows will offer 36 one-bedroom, 84 two-bedroom, and 72 three-bedroom units restricted to households earning up to 30, 50 and 70 percent of the area median income. LDG Multifamily LLC is co-developing the project with HCHA Redevelopment Authority Inc., an affiliate of the Harris County Housing Authority. Kelly Grossman Architects LLC is designing the project. Construction is expected to begin in September and to be complete in March 2022.

August 26, 2020

Development Industrial Midwest Missouri

Hunt Midwest Expands Brand of Self-Storage Facilities in Metro Kansas City

by Kristin Harlow August 26, 2020

KANSAS CITY, MO. — Hunt Midwest continues to expand StorTropolis, its brand of climate-controlled self-storage facilities, throughout metro Kansas City. The developer has opened a 138,000-square-foot facility at 3140 NW Jefferson St. in Blue Springs, Mo., and begun construction on a 111,000-square-foot facility in Lenexa, Kan. Hunt Midwest began developing self-storage properties in 2018 and, in partnership with Strickland Construction, has built and opened three other StorTropolis facilities — two in Kansas City and one in Shawnee, Kan. Each three-story StorTropolis building ranges in size from 104,000 to 138,000 square feet and offers 580 to 760 climate-controlled units. Storage Asset Management, a privately owned, third-party management company, operates StorTropolis. Hunt Midwest is also the developer for SubTropolis, a massive underground business complex with more than 6.5 million square feet of leasable space.

August 26, 2020

Development Florida Multifamily Southeast Top Stories

Allen Morris, Ustler Development Open $108M Julian Apartments at Creative Village in Orlando

by Kristin Harlow August 26, 2020

ORLANDO, FLA. — The Allen Morris Co. and Ustler Development Inc. have opened The Julian Apartments at Creative Village in downtown Orlando. Located at 462 N. Terry Ave., the $108 million, 14-story multifamily community features 409 units, 6,000 square feet of ground-floor commercial space and a parking garage. The Julian is the first market-rate apartment building with proximity to the University of Central Florida and Valencia College’s downtown campus, according to the developers. The project is part of the larger $650 million mixed-use development known as Creative Village. The Julian offers studio, one-, two- and three-bedroom residences that range in size from 412 to 1,307 square feet. Monthly rents range from $1,275 to $2,950. Currently, residents can earn up to three months of free rent on select units. Amenities include collaborative space on each floor, a front porch overlooking the 2.5-acre Central Park, a rooftop pool, fitness facility and interior courtyard. Asset Living is the property manager for The Julian. Baker Barrios served as architect and Brasfield & Gorie was the general contractor. Creative Village is a transformation of the former Amway Arena site. The former home of the Orlando Magic closed in 2010 and demolished in 2012. The Creative …

August 26, 2020

Development New York Northeast Office Retail

Tiffany & Co. Unveils Plans for Redeveloped Flagship Store in Manhattan

by Taylor Williams August 25, 2020

NEW YORK CITY — Luxury jeweler Tiffany & Co. has unveiled plans for the redevelopment of its flagship store at 727 5th Ave. in Manhattan. The top three floors of the 10-story building will be converted from office space into a new exhibition and event space surrounded by a curtain of glass complementing the limestone façade below. That space was originally completed in 1980, and the building itself was originally constructed in 1940. Tiffany has partnered with The Office of Metropolitan Architecture on the project, which is expected to be complete in 2022.

August 25, 2020

Development Florida Leasing Activity Retail Southeast

Hobby Lobby Expands Footprint with Three New Stores in Florida

by Alex Tostado August 25, 2020

OKLAHOMA CITY — Hobby Lobby is in the midst of expanding its Florida footprint with three new 55,000-square-foot stores. The Oklahoma City-based arts and crafts retailer opened a location in Panama City Beach on July 6, a store within Terra’s Pines City Center in Pembroke Pines on Aug. 8 and will open a store in Urban-X Group’s River Landing project in Miami on Sept. 8. Hobby Lobby locations are typically single-story stores in suburban areas. The location in River Landing will be the first multi-level Hobby Lobby. David Emihovich of Katz & Associates represented Hobby Lobby in the lease negotiations.

August 25, 2020

Development Kansas Midwest Multifamily

Block Real Estate Services Begins Development of $60M Apartment Complex in Suburban Kansas City

by Kristin Harlow August 25, 2020

OVERLAND PARK, KAN. — Block Real Estate Services LLC has begun development of a $60 million apartment complex in Overland Park, an upscale suburb of Kansas City. Designed by Hoefer Wysocki, The Residences at Galleria is part of the first phase of the larger $350 million project known as Galleria. Phase I includes two apartment buildings, office space, retail and entertainment space and parking. The Residences at Galleria will rise four stories with 322 units, which will surround a 43,000-square-foot courtyard equipped with a pool, bar, hot tub, cabanas, fire pits and lounge areas. Additional amenities will include a game room, golf lounge, dog park and outdoor cinema. Completion is slated for 2022. Titan Built is the general contractor.

August 25, 2020

Development Industrial Midwest Wisconsin

Principle Construction Completes 205,732 SF Warehouse in Pleasant Prairie, Wisconsin

by Kristin Harlow August 25, 2020

PLEASANT PRAIRIE, WIS. — Principle Construction Corp. has completed construction of a new 205,732-square-foot warehouse at 8500 116th St. in Pleasant Prairie, about 37 miles south of Milwaukee. Originally developed as a speculative project, the building received a tenant late last autumn. Principle accommodated the needs of the new tenant, which will use the space for large coil storage. The project features 23 dock doors, two drive-in doors and a clear height of 32 feet. The building sits on a 12.8-acre site. Partners in Design served as project architect.

August 25, 2020

Newer Posts

Older Posts