Development

The Hotel Group to Manage Hilton Garden Inn Redmond Under Construction in Washington

by Amy Works September 18, 2019

REDMOND, WASH. — The Hotel Group has added the Hilton Garden Inn Redmond, a hotel currently under construction in Redmond, to its management portfolio. Slated to open in first-quarter 2020, the hotel will be the company’s seventh Hilton-branded hotel in the Pacific Northwest. The six-story property will feature 177 guestrooms with Hilton Garden Inn’s signature bedding, in-room hospitality centers with Keurig Coffee and miniature refrigerators, guest laundry and complementary Wi-Fi. The hotel also features more than 2,400 square feet of flexible meeting space including outdoor areas, as well as Fork + Spoke, an on-site restaurant.

September 18, 2019

Development Michigan Midwest Office

Ford Unveils Redesign for Dearborn, Michigan Campus

by Kristin Harlow September 18, 2019

DEARBORN, MICH. — Ford Motor Co. has unveiled plans to transform its Research & Engineering Center in Dearborn into a high-tech campus for its thousands of designers, engineers and product development workers. The heart of the project will be a new central campus building, which will sit on the site of Ford’s 66-year-old product development center. Construction of the new building is slated for completion in 2025. The new facility will help Ford speed product and technology innovation and attract world-class talent, according to a news release. Ultimately, the master plan envisions a campus of interconnected buildings that could one day house more than 20,000 employees. The new master plan is the result of a two-year research and planning process led by architect Snohetta. Plans call for an increase in public spaces and shared pathways, as well as coffee shops and restaurants.

September 18, 2019

Development Mixed-Use Top Stories Washington Western

Alexandria Real Estate Equities to Develop 800,000 SF Mixed-Use Technology Campus in Seattle

by Kristin Harlow September 18, 2019

SEATTLE — The City of Seattle has selected Alexandria Real Estate Equities Inc. (NYSE: ARE) to develop an approximately 800,000-square-foot mixed-use campus known as the Mercer Mega Block. The life sciences and technology-driven project will be built on the last large, undeveloped site — nearly three acres — in Seattle’s Lake Union submarket. Alexandria won the bid for the project by agreeing to pay $143.5 million for the land and to address homelessness, according to the Puget Sound Business Journal. The Seattle City Council approved the development plan on Monday night. The newspaper reports that total project costs could reach $305 million. Plans call for two 13-story office and laboratory towers as well as a 30,000-square-foot community center. Alexandria also intends to develop on-site affordable housing, a farm-to-table restaurant, ground-floor retail space and a pedestrian-only walkway on 8th Avenue surrounded by public spaces with outdoor seating. “We envision our Mercer Mega Block development as a mission-critical campus that can drive the cross-pollination of life science and technology, spur world-class innovations to improve the human condition and significantly enhance the surrounding neighborhood,” says Joel Marcus, executive chairman and founder of Alexandria. The company also says it has strong confidence in the …

September 18, 2019

Development Industrial Texas

Amazon to Open Regional Air Hub at AllianceTexas in October, Create 300 Jobs

by Taylor Williams September 17, 2019

FORT WORTH, TEXAS — Amazon will open a regional air hub at Fort Worth Alliance Airport in October, a move that is expected to bring 300 new full-time jobs to the region. The build-to-suit project is the first of its kind in the Amazon Air network and will support the Seattle-based e-commerce company’s larger-scale regional needs, including sortation capability and infrastructure to handle multiple flights daily.

September 17, 2019

Development Multifamily Texas

Leon Capital Begins Leasing 415-Unit Apartment Community in Richardson

by Taylor Williams September 17, 2019

RICHARDSON, TEXAS — Locally based developer Leon Capital Group has begun leasing Society 190, a 415-unit multifamily community located off President George Bush Turnpike in Richardson, a northeastern suburb of Dallas. The property, construction of which is nearing completion, will feature one-, two- and three-bedroom units ranging in size from 680 to 1,450 square feet. Rents start at $1,275 per month. Amenities include a pool, fitness center, game room, outdoor kitchen and coworking office space.

September 17, 2019

Development Multifamily Texas

Presidium Breaks Ground on 408-Unit Multifamily Project in Fort Worth

by Taylor Williams September 17, 2019

FORT WORTH, TEXAS — Multifamily developer Presidium has broken ground on Presidium at Revelstoke, a 408-unit project located within Alliance Town Center in north Fort Worth. The property will be situated on 17.2 acres and will offer amenities such as a pool, outdoor grilling and gaming area, fitness center, dog park, playground and electric car charging stations. O’Brien Architects is designing the project, and Kimley-Horn is the civil engineer. Provident General Contractors is handling construction, which is expected to be complete in the second half of 2020.

September 17, 2019

Development Industrial Texas

KDC to Develop 200,000 SF Manufacturing Facility for Raytheon in McKinney, Texas

by Taylor Williams September 17, 2019

MCKINNEY, TEXAS — KDC will develop a 200,000-square-foot manufacturing facility for Raytheon at the defense contractor’s Space & Airborne Systems headquarters in the northern Dallas suburb of McKinney. The project, construction of which is slated for a late 2020 completion, is expected to bring 500 new jobs to McKinney. In 2014, KDC delivered a 489,000-square-foot office complex for Raytheon at CityLine in Richardson.

September 17, 2019

Development Florida Multifamily Southeast Student Housing

Public-Private Partnership Delivers $105M Mixed-Use Student Housing Tower on UCF’s Campus in Downtown Orlando

by Alex Tostado September 17, 2019

ORLANDO, FLA. — Development Ventures Group (DEVEN) and Ustler Development Inc., in a public-private partnership with the City of Orlando, have delivered UnionWest at Creative Village on the University of Central Florida’s campus. UnionWest is a 15-story building with 644 student housing beds, 100,000 square feet of academic space, 11,000 square feet of ground-level retail space and a 600-space parking garage. Construction on the $105 million development began in October 2017. The building is located at the corner of West Livingston Street and North Terry Avenue in downtown Orlando, which grants access to both University of Central Florida and Valencia College students. Five of the six ground-floor retail locations in UnionWest are leased. Tenants include Vera Asian, Addition Financial, Subway, Dunkin’ and Qdoba Mexican Grill. The student housing portion opened in time for the fall 2019 semester at 97 percent occupancy.

September 17, 2019

Development Georgia Hospitality Southeast

Songy Highroads, Hyatt Open 11-Story Hotel in Downtown Atlanta

by Alex Tostado September 17, 2019

ATLANTA — A joint venture between Songy Highroads and Hyatt Hotels Corp. has opened its 11-story Hyatt Place Centennial Park in downtown Atlanta. The 175-room hotel, which was announced in November 2017, opened on Thursday, Sept. 12. Amenities include ground-level retail space facing Luckie and Marietta streets, a swimming pool, fitness center, lobby bar, onsite food service, parking deck, 2,100 square feet of meeting space and a large aquarium in the lobby paying homage to its neighbor Georgia Aquarium. The hotel is also situated across the street from Centennial Olympic Park and World of Coca-Cola and near other venues such as College Football Hall of Fame, CNN Center, World Congress Center and State Farm Arena. Atlanta-based Reeves Young was the general contractor of Hyatt Place Centennial Park, and Alpharetta, Ga.-based Wakefield Beasley & Associates was the architect.

September 17, 2019

Development Leasing Activity Massachusetts Mixed-Use Northeast

Market Basket Supermarket Will Anchor 306,000 SF Mixed-Use Development in Maynard, Massachusetts

by Alex Patton September 17, 2019

MAYNARD, MASS. — Market Basket Supermarket will anchor the 306,000-square-foot Maynard Crossing mixed-use development currently under construction in Maynard, located approximately 23 miles west of Boston. The 70,000-square-foot store plans to hire 250 associates and will feature a full-service butcher and café with sandwiches, pizza and sushi. Capital Group Properties is developing Maynard Crossing, will include additional retail tenants and a 180-unit apartment complex called The Vue at Maynard Crossing. Maynard Crossing is slated for completion by the end of 2019. Additionally, Hawthorn Retirement Group is developing a 143-unit senior independent living community on the site called Camellia Gardens Gracious Retirement Living. General contractor JBJ Construction expects to complete this project by 2020.

September 17, 2019

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