Development

Partnership to Develop 215,000 SF Office Project in Deep Ellum Area of Dallas

by Taylor Williams November 25, 2019

DALLAS — A partnership between Hines, Westdale Real Estate Investment & Management and Ivanhoe Cambridge has acquired land in the Deep Ellum area of Dallas for the development of The Stack Deep Ellum, a 215,000-square-foot commercial project. The 16-story building will be located at 2700 Commerce St. and feature 200,000 square feet of office space and 15,000 square feet of ground-floor retail space. 5G Studio Collaborative is the architect for the project, construction of which is scheduled to begin in December.

November 25, 2019

Development Illinois Midwest Multifamily

Albion Residential Completes 265-Unit Apartment Development in Oak Park, Illinois

by Kristin Harlow November 25, 2019

OAK PARK, ILL. — Albion Residential has completed Albion Oak Park in suburban Chicago. The 265-unit luxury apartment development is located at 1000 Lake St. Floor plans range from studios to three-bedroom units. The property features 7,000 square feet of retail space on the ground floor. Amenities include 20,000 square feet of outdoor space in addition to a wellness center, podcast studio, pet spa and indoor dog room. A 7,000-square-foot lobby is open to the public. Albion developed the project in partnership with Wilton Investment Management. CIBC and Associated Bank provided financing. Village Green manages the property. Clark Construction was the general contractor for the project. Monthly rental rates start at $1,750.

November 25, 2019

Development Midwest Office Wisconsin

Hy Cite Opens 90,000 SF Headquarters in Middleton, Wisconsin

by Kristin Harlow November 25, 2019

MIDDLETON, WIS. — Hy Cite Enterprises has opened its 90,000-square-foot corporate headquarters in Middleton, a suburb of Madison. Designed by EUA and built by Ideal Builders, the new office consolidates three offices and multiple departments into one building. Amenities include a fitness center, café, outdoor garden, demonstration kitchen and underground parking. The project incorporates energy-efficient features such as a solar panel array and high levels of insulation. Hy Cite sells kitchenware through a network of 6,000 independent distributors in the United States, Mexico and South America.

November 25, 2019

Development Industrial Michigan Midwest Self-Storage

U-Haul to Repurpose Former Kmart Store in Warren, Michigan

by Kristin Harlow November 25, 2019

WARREN, MICH. — U-Haul is opening a facility at a former Kmart store at 2000 Ten Mile Road in Warren. Once renovations are complete at the 121,568-square-foot building, the property will house approximately 800 indoor self-storage units. U-Haul will also offer truck and trailer sharing, towing equipment and moving supplies at the 11.5-acre property. The company expects to employ at least 15 team members at the store, which is slated to open by the end of January.

November 25, 2019

Development Northeast Office Pennsylvania

AREP, Partners Underway on Development of 260,000 SF Office Building in Metro Philadelphia

by Alex Patton November 25, 2019

CONSHOHOCKEN, PA. — American Real Estate Partners (AREP), Oliver Tyrone Pulver Corp. (OTP) and Partners Group are underway on the development of Seven Tower Bridge, a 260,000-square-foot office building in Conshohocken, a northern suburb of Philadelphia. OTP will lease 4,000 square feet of space in the new building, and asset management firm Hamilton Lane will lease 130,000 square feet. Amenities include walking paths, a 30-mile bike trail and a fitness center. Skidmore, Owings & Merrill designed the building, which is slated for delivery in early 2021.

November 25, 2019

Acquisitions Development Industrial New York Northeast

Fordham University Acquires 31,786 SF Development Site in The Bronx

by Alex Patton November 25, 2019

NEW YORK CITY — Fordham University has acquired a 31,786 -square-foot development site located at 619 E. Fordham Road in The Bronx. The site is situated one block from the university and currently houses 5,000-square-foot warehouse. Jonathan Squires, Addison Berniker, Michael Fioravanti, Josh Neustadter, and Shayne Soltan of Cushman & Wakefield represented the seller, Six 19 Custom LLC, in the transaction. The sales price was undisclosed.

November 25, 2019

Development Florida Industrial Southeast

Prologis to Build 1 MSF Amazon Fulfillment Center in Auburndale, Florida

by John Nelson November 22, 2019

AUBURNDALE, FLA. — San Francisco-based industrial developer Prologis plans to build a 1 million-square-foot fulfillment center in Auburndale for e-commerce giant Amazon. Situated in the Lakeland MSA about 50 miles east of Tampa, the new facility will house 500 full-time employees who will pick, pack and ship large customer items including sports equipment, patio furniture, fishing rods, pet food, kayaks, bicycles and large household goods. Amazon currently employs more than 13,500 full-time associates throughout Florida. Earlier this week, Amazon announced a similar sized fulfillment center that Hillwood will develop in the metro Memphis town of Olive Branch, Miss. A timeline for construction of the Auburndale facility was not disclosed. The Tampa Bay Business Journal reported in August that the new center will sit on a 146-acre site near the Interstate 4-State Road 559 interchange.

November 22, 2019

Civic Development Georgia Retail Southeast

City of College Park Opens 5,000-Seat Gateway Center Arena in South Atlanta

by John Nelson November 22, 2019

COLLEGE PARK, GA. — The City of College Park has opened Gateway Center, a multipurpose sports and entertainment venue that serves as home of the WNBA’s Atlanta Dream team and the College Park Skyhawks, the official NBA G League affiliate of the NBA’s Atlanta Hawks. Designed by Atlanta-based tvsdesign, Gateway Center is located at 2330 Convention Center Concourse in the south Atlanta city of College Park and contains a maximum of 5,000 seats. A partnership between Georgia International Convention Center (GICC) and The Fox Theatre will operate the arena. The 100,000-square-foot property, which has been in progress since February 2018, was funded by the City of College Park and is located next door to the GICC and near Hartsfield-Jackson Atlanta International Airport. In addition to home basketball games, the arena will also be used to host graduations, conferences and conventions. The Fox Theatre will also book a variety of entertainment events including comedy performances, family shows, concerts and lifestyle events at the arena.

November 22, 2019

Development Multifamily Southeast Virginia

Thalhimer Realty Partners to Build $30M Multifamily Project Within City View Landing in Richmond

by John Nelson November 22, 2019

RICHMOND, VA. — Thalhimer Realty Partners, the investment and development arm of Cushman & Wakefield | Thalhimer, plans to build the next phase of City View Landing, a residential development situated in Richmond’s Manchester neighborhood. Dubbed City View Marketplace, the $30 million project will include five buildings housing 161 apartments and 13,270 square feet of ground-level retail space. The project will join The Overlook at City View and City View Row within the master development. Thalhimer expects to deliver City View Marketplace in phases, with a full completion set for April 2020. The City View Landing development features a two-acre pad site on Hull Street that could house a 36,000-square-foot grocer or a future mixed-use building, according to Thalhimer.

November 22, 2019

Arizona Development Multifamily Student Housing Western

Public-Private Partnership Starts Construction of 374-Bed Residence Hall at Arizona State University Polytechnic

by Amy Works November 22, 2019

MESA, ARIZ. — Construction is underway on a 374-bed mixed-use community on the Arizona State University Polytechnic campus in Mesa. A public-private partnership between the university, Capstone Development Partners and equity partner Harrison Street is developing the $34.2 million community. The development will offer private- and shared-bedroom suites. Shared amenities include a main floor lounge and common kitchen; study space and lounges on each floor; and 8,500 square feet of academic space including classrooms, offices, conference areas and meeting areas. The project is scheduled for completion in fall 2020. Shepley Bulfinch is the designer, while CORE Construction is the general contractor for the development.

November 22, 2019

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