CALEDONIA, MICH. — Taco Bell will open a 2,710-square-foot location at 6445 Cherry Meadow Drive SE in Caledonia, about 20 miles southeast of Grand Rapids. The restaurant is expected to open in November and create 40 jobs. Mike Murray of Colliers International assisted Taco Bell in securing land for the new-construction building. Wolverine Building Group was the general contractor. There are 55 Taco Bell locations across West Michigan, according to Colliers.
MCKINNEY, TEXAS — Locally based developer KDC has topped out the new 100,000-square-foot office headquarters building in McKinney for SRS Distribution Inc., a provider of building products and supplies. The four-story, Class A property is located on the corner of the Sam Rayburn Tollway and Alma Road on the northern outskirts of Dallas. The new headquarters features an array of indoor and outdoor amenities, as well as conference and meeting space. Completion is scheduled for spring 2020. Gensler is serving as the design architect, and Adolfson & Peterson is the general contractor. SRS plans to add about 150 new jobs to the local economy over the next decade.
HOUSTON — A partnership led by Senterra Real Estate Group has acquired four acres at 3440 Richmond Ave. in Houston for the development of a mixed-use project, specific elements and construction schedules of which were not released. The site is located at the northwest corner of Buffalo Speedway across from the eastern edge of the Greenway Plaza campus and includes a pad site currently occupied by BB&T Bank. David Hightower of Midway and Davis Adams of JLL represented the seller, a joint venture between Midway and Cathexis RE Holdings, in the deal. Senterra was self-represented.
UPPER ST. CLAIR, PA. — Lifespace Communities has completed a $39.5 million expansion project at Friendship Village of South Hills in Upper St. Clair, located approximately 12 miles southwest of Pittsburgh. The project, construction of which began in summer 2017, added a new building with 50 assisted living apartments, 32 memory care suites and various amenities and wellness services. Perkins Eastman Architects designed the expansion, and LECESSE Construction served as the general contractor.
PORT ARANSAS, TEXAS — Sea Oats Group has begun construction on Cinnamon Shore South, a $1.3 billion mixed-use project that represents an expansion of the 300-acre Cinnamon Shore development in Port Aransas, located outside Corpus Christi on the Texas coast. In addition to luxury homes, Cinnamon Shore South will feature several commercial components, including roughly 120,000 square feet of retail and restaurant space, a 12,000-square-foot health and wellness center, 175-room hotel and 40,000 square feet for office or live/work space. In addition, a 225-room hotel and convention center that can accommodate as many as 2,000 attendees will also be developed on Cinnamon Shore property, with the groundbreaking slated for February 2020 and the opening scheduled for 2021.
HOUSTON — International developer Skanska has purchased a full city block in downtown Houston for approximately $55 million with plans to develop a mixed-use project with office, multifamily and retail uses. According to The Houston Chronicle, the development timeline and additional details on the project will be determined after a master-planning process that is expected to begin by the end of the year.
HIALEAH GARDENS, FLA. — Foundry Commercial has acquired an 18-acre site in Hialeah Gardens with plans to develop a speculative 320,000-square-foot industrial building. The site is situated on NW 107th Avenue between NW 144th and NW 146th streets, about 20 miles northwest of downtown Miami. Orlando-based Foundry Commercial plans to break ground in early 2020 and expects to deliver the asset by the end of 2020. Wayne Schuchts, David Spillers and Bobby Benton of Avison Young represented the buyer in the land acquisition and have been tapped to lease the building. Two undisclosed sellers sold the land to Foundry for an undisclosed price in the off-market transaction.
SAN RAFAEL, CALIF. — CBRE has arranged $43 million in non-recourse construction financing for the development of an AC Hotels by Marriott in downtown San Rafael. John Nelson and David Kaim of CBRE’s San Francisco office arranged the financing on behalf of the sponsorship, Monahan Parker. ACORE Capital provided the floating-rate financing. Located at the corner of Fifth Avenue and B Street, the hotel will feature 140 rooms. Construction is slated to begin immediately, with completion scheduled for third-quarter 2021. CSI Construction will serve as general contractor for the project. The property will be the first major hotel to be developed in Marin County in more than two decades, according to CBRE.
CHANNAHON, ILL. — Amazon has unveiled plans to open a fulfillment center in Channahon, southwest of Joliet. The facility will create more than 500 new full-time jobs. Employees at the more than 1 million-square-foot center will pick, pack and ship large items, such as sports equipment, patio furniture, fishing rods, pet food, kayaks, bicycles and household goods. Amazon currently employs more than 11,000 full-time associates throughout the state of Illinois.
FRISCO, TEXAS — General contractor Brasfield & Gorrie has been selected to build a new 500-room Omni Hotel & Resort at the future site of the PGA of America’s headquarters in Frisco. The property will include a retail village, golf villas, a clubhouse and a variety of outdoor amenities. The PGA is relocating from South Florida to a 600-acre development that is slated for completion in 2022.