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Inwood-Design-Center-Dallas
DevelopmentIndustrialRetailTexas

M2G Ventures Begins Redevelopment of 740,000 SF Industrial, Retail Property in Northwest Dallas

by Taylor Williams

DALLAS — Locally based investment firm M2G Ventures has begun the redevelopment of the former Inwood Design District, a 14-building, 740,000-square-foot industrial and retail property in Dallas that also includes showroom space. The redevelopment will create the Inwood Design District for showroom and light industrial uses and Ace on Inwood for retail and restaurant uses. Completion is targeted for late 2025. The company purchased the 38-acre site at 1110 Inwood Road earlier this year. At the time of sale, Inwood Design District was 93 percent leased to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA.

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Azola-Avery-Centre-Round-Rock
DevelopmentMultifamilyTexas

ZOM Living, CP Capital Complete 359-Unit Multifamily Project in Round Rock, Texas

by Taylor Williams

ROUND ROCK, TEXAS — A partnership between Orlando-based ZOM Living and CP Capital has completed Azola Avery Center, a 359-unit multifamily project in the northern Austin suburb of Round Rock. Located within the 1,200-acre Avery Centre master-planned development, the garden-style property offers one-, two- and three-bedroom units that range in size from 573 to 1,564 square feet. Amenities include a pool, outdoor pavilion with grilling stations and TVs, a dog park, fitness center, private coworking offices and a grab-and-go convenience store. JHP designed Azola Avery Center, and Rampart served as the general contractor. Monthly asking rents start at $1,200 for a one-bedroom apartment.

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CivicDevelopmentTexas

AP Construction Breaks Ground on 39,000 SF Civic Project in East Dallas

by Taylor Williams

DALLAS — Adolfson & Peterson (AP) Construction has broken ground on a 39,000-square-foot civic project in East Dallas. The site spans 3.2 acres at 9731 Lake June Road. The two-story building will be known as the East Dallas Government Center and will house multiple departments of Dallas County, including several related to law enforcement. Completion is scheduled for next summer.

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DevelopmentGeorgiaMixed-UseSoutheast

Geosam Capital Receives Approval for 1,300-Acre Master-Planned Development in Metro Atlanta

by John Nelson

HENRY COUNTY, GA. — Geosam Capital, a family-owned residential and commercial real estate development firm, has received final zoning and development agreement approval from the Henry County Board of Commissioners for The Grove. The nearly 1,300-acre master-planned community will feature more than 6,000 residential units and 2 million square feet of commercial and retail space, as well as 150 acres of greenspace, 35 pocket parks and eight miles of trails. Geosam Capital plans to build The Grove across multiple phases, beginning with road improvements from the Georgia Department of Transportation (GDOT), water and wastewater upgrades and the first residential lots. The construction timeline was not released. The development will be situated 22 miles from Hartsfield-Jackson Atlanta International Airport and near EchoPark Speedway.

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DevelopmentMississippiSoutheastStudent Housing

Greystar, Ole Miss to Develop Two Residence Halls Totaling 2,700 Beds, Dining Facility

by John Nelson

OXFORD, MISS. — A public-private partnership between Greystar and the University of Mississippi (Ole Miss) is set to break ground on a 2,700-bed residence hall project on the university’s campus in Oxford. The development will span two sites — one formerly occupied by Kincannon Hall and one on West Row across from the Ole Miss School of Law. The Kincannon site will be home to a 1,200-bed community with parking supported by a new parking garage, which is already under construction. The West Row site will include a 1,500-bed development with a modern dining facility and 1,500-space parking garage. The communities will offer suites and semi-suites and will be constructed in partnership with Modern Living Solutions, Greystar’s modular construction business. Sections of the buildings will be made in the Modern Living Solutions factory in Knox, Pa., and shipped to campus to be assembled onsite. To support economic development and job creation in Mississippi, Ole Miss and its partners have emphasized that over 70 percent of the onsite construction work will be available to local and regional subcontractors. The project is scheduled for completion in 2027.

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DevelopmentHospitalityLoansSoutheastTennessee

Cronheim Hotel Capital Secures $39M Construction Financing for AC Hotel Knoxville Downtown

by John Nelson

KNOXVILLE, TENN. — Cronheim Hotel Capital has secured $39 million in construction financing for AC Hotel Knoxville Downtown, a 161-room AC by Marriott-branded hotel that will be located at 427 Walnut St. and 416 Locust St. in downtown Knoxville. The non-recourse financing was structured with a 75 percent loan-to-cost (LTC) ratio and features a C-PACE component. The borrower, Vector Hospitality Inc., plans to deliver the seven-story hotel in winter 2026. The property will feature a rooftop bar and kitchen that will offer views of Neyland Stadium, home of the University of Tennessee Volunteers’ football team.

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Mission-Escondido-Shopping-Center-CA
CaliforniaDevelopmentRetailWestern

Capstone Advisors Completes $1M Renovation of Mission Escondido Shopping Center in Metro San Diego

by Amy Works

ESCONDIDO, CALIF. — Capstone Advisors has completed the $1 million renovation of Mission Escondido Shopping Center, a 41,530-square-foot shopping center located in Escondido, approximately 30 miles north of San Diego. The property was originally built in 1980. The renovation project included a contemporary design with a refreshed color palette and standing seam metal roof, as well as drought-tolerant landscaping, updated site and tenant signage and parking lot improvements. Additionally, the center is now fully leased to 14 tenants including Dongbu Korean BBQ, Prism Jiu Jitsu and Swan Hair Salon. AO and MW Peltz + Associates of Solana Beach designed the renovation, while Dowling Construction, San Diego Electric Sign, Pacific Western Painting, Pyle Landscape Care and Doo-Rite Roofing completed the project. Capstone Advisors acquired Mission Escondido Shopping Center in 2011 for $3.9 million.

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AcquisitionsDevelopmentMidwestMultifamilyOhio

Vision Cos. Acquires 28.5-Acre Multifamily Development Site in Kettering, Ohio

by Kristin Harlow

KETTERING, OHIO — Vision Cos. has acquired 28.5 acres within the Miami Valley Research Park (MVRP) in Kettering, an inner suburb of Dayton. The property is adjacent to Industrial Commercial Properties’ (ICP) Sixth River office park. As part of the Sixth River overall master plan, Vision plans to build a market-rate multifamily community, the first large multifamily project built in the city since the mid-1980s, according to a release. Known as VC Flats, the project will feature approximately 264 apartment units across nine three-story buildings. Proposed amenities include a clubhouse, fitness center, pool, sand volleyball court, outdoor patio and rooftop deck offering views of the adjacent lake. The project is made possible through collaborative efforts by the city and ICP, which played a role in zoning adjustments and crafting incentive packages to attract a residential developer and operator. MVRP is home to several major employers, including Reynolds & Reynolds, Solvita, Matrix Research, Resonant Sciences, Woolpert, Resonetics and Eastman Kodak. ICP continues to retain ownership of the adjacent Sixth River office park, which includes 290,000 square feet of office space across five buildings. ICP also has additional land sites for further commercial development opportunities within the research park.    

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DevelopmentGeorgiaRetailSoutheastTop Stories

Trilith Development to Complete 530,000 SF Live Entertainment Complex in Fayetteville, Georgia

by Kristin Harlow

FAYETTEVILLE, GA. — Trilith Development plans to soon complete Trilith Live, a 530,000-square-foot live entertainment complex at the Town at Trilith, a 235-acre master-planned community in Fayetteville within south metro Atlanta. Designed to host concerts, performing arts, rehearsals, live audience productions, conventions, corporate events and banquets, Trilith Live is scheduled to open to the public by the end of the year. The project will include a 2,200-seat theater, two 25,000-square-foot sound stages (now open), multiple insert stages, a luxury cinema, production suites, meeting rooms and more than 120,000 square feet of creative office and support space. “Trilith Live is designed to serve as a hub for creativity, production and live entertainment,” says Matt McClain, general manager and executive director of Trilith Live. “We are building the infrastructure to support everything from concerts to live TV tapings to conventions and meetings to community and arts events, all in one place.” Phase I, which includes live sound stages, production offices, greenrooms and broadcast-ready facilities, is complete and actively hosting artists, production companies and content creators. Several national acts preparing for their summer tours have completed pre-tour concert rehearsals at Trilith Live. Additionally, more than 200 live audience game show episodes that will …

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Development-Panel
Conference CoverageDevelopmentFeaturesSeniors Housing

Seniors Housing Development Is a Worthwhile Investment Despite Challenges, Say InterFace Panelists

by Hayden Spiess

CHICAGO — Philip Kroskin, head of real estate and senior vice president of investments with Sunrise Senior Living, has a message for those who are reluctant to invest in seniors housing development: “Why are you being so stupid?” Kroskin’s blunt question came during a recent two-day InterFace event at the Swissotel Chicago. Taking place June 24-25, the InterFace Seniors Housing Midwest conference drew 215 attendees and featured a number of panel sessions.  Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Joining Kroskin on stage for a panel titled “When Will Development Rebound?” during the first evening of the conference were Paul Branin, executive vice president of growth for Health Dimensions Group; Mike Mattingly, principal and co-founder of Avenue Development; Greg Markvluwer, vice president of real estate development at Erdman; and moderator Erin Berry, director of interior design Direct Supply Aptura.  Development Deterrents  Kroskin’s somewhat damning query was not to suggest that economic and logistical difficulties — such as heightened interest rates and labor costs — do not pose a valid deterrent. Panelists acknowledged these challenges throughout the course of session. …

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