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DevelopmentMarylandMultifamilySoutheast

Willow Bridge Begins Leasing 11-Story Multifamily Tower in Bethesda, Maryland

by John Nelson

BETHESDA, MD. — Willow Bridge Property Co. has begun leasing 4909 Auburn, an 11-story multifamily tower nearing completion in Bethesda. The building’s first move-ins are scheduled for later this month. The project team includes architect BCT Design Group and interior designer Gensler. 4909 Auburn is situated in Bethesda’s Woodmont Triangle neighborhood and is within walking distance from the Bethesda Metro station. The property offers 167 apartments in studio, one- and two-bedroom configurations ranging in size from 364 to 1,333 square feet. Monthly rental rates range from $2,008 to $7,520, according to Apartments.com. Amenities include a rooftop terrace with a TV and grilling area, landscaped common and private terraces, glass-wrapped fitness center and adjacent yoga studio, private steam and sauna rooms, top-floor penthouse lounge and entertainment kitchen, lobby lounge with meeting rooms and a huddle/work room, reservable party room spaces, pet spa and a parking garage with electric vehicle charging stations.

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DevelopmentNortheastRestaurantRetailRhode Island

Marsella Development to Open $25M Food Hall in Providence

by Taylor Williams

PROVIDENCE, R.I. — Marsella Development Corp. will open Track 15, a $25 million, 18,000-square-foot food hall that will be situated within the historic Union Station building in Providence. Track 15 will be home to food vendors including Little Chaska, Tolia, Dune Brothers, Dolores, There There, Giusto PVD and Mother Pizzeria PVD. In addition to the vendor spaces, the development will feature indoor and outdoor seating for roughly 600 people, an entertainment venue and a 10,000-square-foot plaza. Construction is underway, and the opening is scheduled for February 2025.

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AlabamaDevelopmentOfficeSoutheast

FiveStone Breaks Ground on 30,000 SF Alabama Office Headquarters for Morgan Stanley in Homewood

by John Nelson

HOMEWOOD, ALA. — The FiveStone Group has broken ground on a new 30,000-square-foot office building in Homewood that will serve as the Alabama headquarters for global financial services firm Morgan Stanley. The site is located on a one-acre parcel at 740 Shades Creek Parkway, which is adjacent to Shades Valley Lutheran Church, in one of Birmingham’s top office submarkets. Carter Burwell of JLL represented the tenant in the lease negotiations, and Michael Reilly of FiveStone Group and Philip Currie of JH Berry represented the landlord. Additional partners for the development include KPS Group, Schoel Engineering, Renta Urban Land Design and D&A Cos. Hoar Construction is the general contractor for the Class A facility and expects to complete the core and shell of the building in second-quarter 2025.

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DevelopmentLeasing ActivityMixed-UseRestaurantRetailSouth CarolinaSoutheast

RocaPoint Signs Four Restaurants to Join $1B Greenville County Square Mixed-Use Development

by John Nelson

GREENVILLE, S.C. — RocaPoint Partners has added four new food-and-beverage tenants to join the roster at Greenville County Square, a $1 billion mixed-use redevelopment in downtown Greenville. Mama’s Comfort Food & Cocktails, Leo’s Italian Social, CRÚ Food & Wine Bar and MOA Korean Barbeque have signed on to join the 40-acre project, which will be anchored by a Whole Foods Market grocery store. The new concepts bring the number of committed eateries at Greenville County Square to 15, including The Perch Kitchen & Tap, The Salty Donut, ​​Ben & Jerry’s and JINYA Ramen. Other tenants will include Pins Mechanical, Fairway Social, Sports & Social and Agave Bandido as the entertainment anchors and national retailers William Sonoma and Pottery Barn. The development also houses Greenville County’s newly opened 250,000-square-foot administrative building.

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The-Beverly-Apts-Scottsdale-AZ
ArizonaDevelopmentMultifamilyWestern

StreetLights Residential Opens 314-Unit Multifamily Community in Scottsdale, Arizona

by Amy Works

SCOTTSDALE, ARIZ. — Dallas-based StreetLights Residential has opened The Beverly, an apartment community within One Scottsdale, a mixed-use development in Scottsdale. The Beverly offers 314 studios, one-, two- and three-bedroom units, ranging in size from 504 square feet to 1,789 square feet. Each unit features granite countertops, Shaker cabinets and detailed millwork in kitchens and bathrooms, GE appliances and in-ceiling Sonos speakers. Select units include an integrated Fabita cooktop, wine fridges and smart GE Café series cooking appliances. Monthly rental rates at The Beverly range from $1,733 to $5,469, according to Apartments.com. Onsite amenities include coworking and conference rooms, a maker’s lounge, resident bar in the lobby and a fitness space with Peloton and Echelon equipment, a swimming pool, multiple landscaped courtyards, a dog park and connectivity to hike and bike trails. The project team included StreetLights Creative Studios as architect of record and interior designer, Norris Design as landscape architect and StreetLights Arizona Construction as general contractor.

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San-Jacinto-Marketplace
DevelopmentMixed-UseRetailTexasTop Stories

Fidelis Breaks Ground on 105-Acre Mixed-Use Redevelopment of San Jacinto Mall in Metro Houston

by Katie Sloan

BAYTOWN, TEXAS — Fidelis Realty Partners has broken ground on the redevelopment of San Jacinto Mall, a regional shopping mall located roughly 25 miles east of Houston in Baytown.  Dubbed San Jacinto Marketplace, the current phase of development will include 500,000 square feet of retail and restaurant space alongside Pelican Green, a public green space. The development in total is expected to span 105 acres and include residential, hospitality and office components upon completion.  Fidelis originally purchased 40 acres of the mall property, which opened in 1981, in July 2015 with a goal of owning 100 percent of the land for redevelopment. This process took Fidelis six years, with the final buildings — which were occupied by JCPenney and Macy’s — acquired by the locally-based firm in 2021.   The mall officially stopped operations in 2022, and Fidelis concurrently signed an agreement with the City of Baytown to pay $3.5 million as compensation and reimbursement as the project is being redeveloped. A timeline for the development was not announced, but Fidelis notes that the property will be home to somewhere between 15 and 20 restaurants with 10 major leases currently being negotiated.  “We have been faced with a number of challenges …

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The-Royalton-at-Prosper
DevelopmentMultifamilyTexas

SWBC Breaks Ground on 270-Unit Multifamily Project in Prosper, Texas

by Taylor Williams

PROSPER, TEXAS — Dallas-based developer SWBC has broken ground on The Royalton at Prosper, a 270-unit multifamily project that will be located on the northern outskirts of Dallas. The site is adjacent to SWBC’s The Royalton at Creeks of Legacy development, which also totals 270 units and is currently in lease-up. Units at the new property will come in one-, two- and three-bedroom floor plans, and select residences on the first floor will have private yards and direct-access garages. Amenities will include a clubhouse with a business center, 24-hour fitness center and a resort-style pool with cabanas and grilling stations. Cross Architects is designing the project, and Carleton Cos. is serving as the general contractor. The first units are expected to be available for occupancy next summer.

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McCallum-High-School-Austin
CivicDevelopmentTexas

AP Construction to Renovate McCallum High School in North Austin

by Taylor Williams

AUSTIN, TEXAS — Adolfson & Peterson (AP) Construction has been awarded the contract to renovate McCallum High School, which is part of the Austin Independent School District and located on the city’s north side. The school originally opened in 1955 and serves roughly 1,500 students. The project team will demolish the existing 30,000-square-foot science wing and deliver a 50,000-square-foot facility with computer labs, robotics, a wood shop and spaces for biology, chemistry and physics classes. In addition, the entry vestibule and front office will be reconfigured/remodeled for enhanced security. PBK Architects is leading design of the renovation, which is expected to begin in May 2025 and to be complete in fall 2026.

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DevelopmentLeasing ActivityRetailTexas

Lowe’s Home Improvement to Open 94,000 SF Store in Celina, Texas

by Taylor Williams

CELINA, TEXAS — Lowe’s Home Improvement will open a 94,000-square-foot store in Celina, located at the convergence of Collin and Denton counties in North Texas. The North Carolina-based retailer will join the tenant roster at The Crossing at Moore Farm, a 100-acre mixed-use development located along Preston Road. The store will be situated on a 14-acre site, and Lowe’s expects to receive its certificate of occupancy by March 2027.

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Build-to-RentDevelopmentMultifamilySingle-Family RentalSouth CarolinaSoutheast

East West, Holder Break Ground on 50-Unit Build-to-Rent Community on Daniel Island in Charleston

by John Nelson

CHARLESTON, S.C. — East West Partners and Holder Properties have broken ground on Fenland, a 50-unit build-to-rent community located on Daniel Island in Charleston. The townhome property will be situated on 5.5 acres within Nowell Creek Village, a 36-acre waterfront community. Upon completion, Fenland will feature three- and four-bedroom, three-story rental townhomes ranging in size from 2,100 to 2,400 square feet. Amenities will include two-car attached garages, a private swimming pool, community grill and fire pit and a landscaped courtyard along with access to Daniel Island’s network of trails, a community dock and park and planned waterside dining and retail options. East West Hospitality will manage Fenland, which will begin preleasing in early 2025 with move-ins expected by spring 2025.

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