Development

Dinerstein Cos. Acquires Land Site for 261-Unit Multifamily Development in Westminster, Colorado

by Amy Works August 21, 2020

WESTMINSTER, COLO. — The Dinerstein Cos. has purchased a 7.8-acre land site at the northwest corner of Westminster Boulevard and West 109th Avenue in Westminster. City Office REIT sold the land for an undisclosed price. Dinerstein Cos. plans to develop a 261-unit multifamily property on the site, which is adjacent to the 300,000-square-foot Circle Point Corporate Center and in close proximately to more than 305,000 square feet of retail space at Westminster Promenade. Chris Cowan, Bryon Stevenson and Mackenzie Walker of Newmark Knight Frank Multifamily represented the seller in the deal.

August 21, 2020

Development Multifamily Southeast Virginia

Insight Property Group, PCCP Complete Renovation of 576-Unit Multifamily Community in Metro D.C.

by Alex Tostado August 21, 2020

FALLS CHURCH, VA. — Insight Property Group and PCCP LLC have completed the renovation, redesign and rebranding of Falls Green, a 576-unit multifamily community in Falls Church. The joint venture acquired the asset, formerly known as Oakwood Falls Church, in 2018. The property was originally built in 1974 as short-term corporate housing. Insight Property and PCCP redesigned the property into a market-rate apartment community with amenities including a child-friendly multi-purpose room, fitness center, pool, community market, clubhouse, concierge and a coworking lounge. The property offers studio, one- and two-bedroom floor plans with rents starting in the mid-$1,300s. The community is situated at 501 Roosevelt Blvd., nine miles west of downtown Washington, D.C.

August 21, 2020

Development Florida Hospitality Southeast

Extended Stay Opens 124-Room Hotel in Florida Space Coast

by Alex Tostado August 21, 2020

TITUSVILLE, FLA. — Extended Stay America Inc. has opened Extended Stay America Titusville-Space Coast, a 124-room hotel in Titusville. The four-story building features complimentary Wi-Fi, cable TV, a fitness center, laundry room and a lobby with vending options. The rooms include fully equipped kitchens with full-size refrigerators, stovetops, cookware, utensils, dishes, pillowtop beds, recliners, a workspace and TV streaming capabilities. The property is located at 4835 Helen Hauser Blvd., 13 miles west of Kennedy Space Center.

August 21, 2020

Connecticut Development Multifamily Northeast

Lattizorri Development Opens 121-Unit Harbor Heights Apartments in Mystic, Connecticut

by Taylor Williams August 21, 2020

MYSTIC, CONN. — Locally based Lattizorri Development has completed Harbor Heights, a 121-unit luxury apartment community in the coastal Connecticut city of Mystic. The property is part of the Perkins Farm master-planned community and offers one- and two-bedroom units with stainless steel appliances, nickel hardware and granite countertops. Amenities include a pool, outdoor grilling area, fitness center and a dog park. Rents start at $1,600 per month for a one-bedroom unit and $2,100 per month for a two-bedroom unit.

August 21, 2020

Development Georgia Retail Southeast

Brookfield Opens New Dick’s Sporting Goods, Golf Galaxy Stores at Cumberland Mall in Atlanta

by Alex Tostado August 21, 2020

ATLANTA — Brookfield Properties has opened a new Dick’s Sporting Goods and Golf Galaxy at Cumberland Mall, an enclosed regional mall in Atlanta’s Cumberland-Galleria district. According to the Atlanta Business Chronicle, Dick’s Sporting Goods will occupy the 70,000 square feet formerly leased to Sears. The Golf Galaxy, which will be adjacent to the Dick’s Sporting Goods, will offer in-store services and apparel and footwear from companies such as DSG, Tommy Armour, CALIA by Carrie Underwood, Field & Stream, Fitness Gear, Nike, Adidas, Yeti, The North Face, Callaway and TaylorMade. Golf Galaxy is a subsidiary of Pittsburgh-based Dick’s Sporting Goods. The stores will also host a grand opening event beginning today. In early July, Brookfield unveiled plans to redevelop the eastern portion of Cumberland Mall into a mixed-use property featuring 445,000 square feet of office space, 312 multifamily residences, 31,200 square feet of retail and restaurant space and 10 bus bays. Brookfield hopes to complete Cumberland Mall’s phased redevelopment in 2025.

August 21, 2020

Development Hospitality New Jersey Northeast

Innzen Hospitality Nears Completion of 76-Room Hotel Renovation in Sea Bright, New Jersey

by Taylor Williams August 21, 2020

SEA BRIGHT, N.J. — New Jersey-based Innzen Hospitality has nearly completed the renovation of the BeachWalk Hotel in the coastal city of Sea Bright. The project includes the addition of 37 more rooms for a total of 76, as well as upgrades to the hotel’s amenity spaces. The property also offers 40 dock slips and 80 parking spaces. Life Hospitality will manage the newly renovated hotel.

August 21, 2020

Development

Realty Capital, ArchCo Complete 227-Unit Multifamily Project in Fort Worth

by Taylor Williams August 21, 2020

FORT WORTH, TEXAS — Realty Capital Management and ArchCo Residential have completed The Dylan, a multifamily project in Fort Worth that consists of 211 apartments, 16 townhomes and 12,212 square feet of commercial space. The property, located on the city’s southwest side, spans nine acres and offers amenities such as a pool and a fitness center. CNK Architects designed the project, and Galaxy Builders was the general contractor. Rents start at roughly $1,100 per month for a one-bedroom unit.

August 21, 2020

Bethesda-Cornerstone-Village-Victoria-MN

Development Midwest Minnesota Multifamily Seniors Housing

Bethesda to Open 52-Unit Age-Restricted Community in Minnesota on Sept. 1

by Amy Works August 21, 2020

VICTORIA, MINN. — Bethesda, a national Christian organization that provides homes and other services for people with intellectual and developmental disabilities, is opening Bethesda Cornerstone Village Victoria, located at 1519 82nd St. in Victoria, on Tuesday, Sept. 1. Offering apartments and villas, the community is restricted to adults age 55 or older and independent adults with intellectual and developmental disabilities. Bethesda Cornerstone Village Victoria will feature 37 apartment homes and 15 villa homes, with up to 20 percent of the residences serving people with a disability who live independently. Homes will feature granite countertops, stainless steel appliances, in-unit laundry, soundproofing and patios or balconies. Villa homes offer attached one- or two-car garages and apartment homes feature an underground parking garage. Community amenities will include a community center for events and activities and a fitness center with an array of exercise machines and classes. Lutheran Church Extension Fund provided financing for the housing community, which was designed by New York-based QPK Design. Kraus-Anderson served as general contractor and construction manager for the development.

August 21, 2020

Development Indiana Midwest Multifamily

Boston Capital Invests in Two Affordable Apartment Communities in Indiana with RealAmerica Development

by Amy Works August 21, 2020

FISHERS AND PLAINFIELD, IND. — Boston Capital is investing in the construction of two affordable multifamily properties in Indiana: the 62-unit SouthPointe Village Apartments in Fishers and the 52-unit Haven Homes in Plainfield. The investments represent Boston Capital’s second and third partnerships with Indianapolis-based RealAmerica Development. Located 14 miles northeast of Indianapolis, SouthPointe Village will feature 19 one-bedroom units and 43 two-bedroom units in a single residential building. Thirteen of the units will be set aside for persons with developmental disabilities. Units will offer open-concept floor plans, built-in kitchen appliances, free Wi-Fi and in-unit washers and dryers. Additionally, the property will include a community room, computer center, fitness center, classes and space for service providers, an indoor playground, library and access to the Nickle Plate Trail. Situated near the Indianapolis International Airport, Haven Homes will feature 16 one-bedroom units, 20 two-bedroom units and 16 three-bedroom units in two residential buildings. Thirteen units will be set aside for victims of domestic violence. Units will offer open-concept floor plans, built-in kitchen appliances, free Wi-Fi and in-unit washers and dryers. The development will include a freestanding clubhouse with a community room, computer center and fitness center with classes. Other amenities will include a …

August 21, 2020

Arizona Development Top Stories Western

Ziegler Provides $250.8M Financing for 320-Acre Sports Park in Metro Phoenix

by Katie Sloan August 21, 2020

MESA, ARIZ. — Specialty investment bank Ziegler has provided $250.8 million in financing for the development of Legacy Sports Park, located roughly 20 miles outside Phoenix in Mesa. Legacy Cares, a nonprofit organization providing sports opportunities to people of all ages and economic backgrounds, is developing the 320-acre project. The development is set to include: A soccer complex consisting of 22 soccer fields with additional fields to allow for large tournament capacity; An expanded stadium-type soccer field with an approximately 10,000-person seating capacity; One auxiliary turf field with an approximately 5,000-person seating capacity; An additional soccer field designated as a soccer-based performance training center; 10 softball and youth baseball fields including an expanded stadium field; 13 sand volleyball/ soccer courts with a stadium court; A pickleball complex consisting of 40 pickleball courts, one of which will be a stadium court; An obstacle course compound with zip lines; A 12-lane batting cage training center; An outdoor amphitheater with an approximately 1,000-person seating capacity; An esports video gaming competition center; Track and field space; 16 NBA-sized basketball courts; 60 indoor volleyball courts; A cheer, dance and gymnastics facility; and A health, fitness and wellness clinic. “With expansive first-class fields and facilities, we anticipate …

August 21, 2020

Newer Posts

Older Posts