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Development

DevelopmentLoansSouth CarolinaSoutheastStudent Housing

JLL Secures Construction Financing, Equity for 168-Unit Student Housing Development Near Clemson University

by John Nelson

CLEMSON, S.C. — JLL has secured construction financing and an equity placement for Hartwell Ridge, a 168-unit student housing development located near the Clemson University campus in South Carolina. Jeremy Sain, Teddy Leatherman and Lauren Dow of JLL represented the borrower, Fountain Residential Partners, in arranging the equity placement through FrontRange Capital and Atlantic American Partners. BankUnited provided the construction loan for the project. Located at 10920 Clemson Blvd., the community will offer fully furnished units in studio through five-bedroom configurations, including two-story townhomes. Shared amenities will include a swimming pool, clubhouse, strength training and cardio center and multiple private study rooms. Van Winkle Construction is acting as general contractor for the project, which is scheduled for completion in fall 2026.

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EastPort-Logistics-Boise-ID
DevelopmentIdahoIndustrialWestern

Lincoln Property Co., OneIM Break Ground on 1 MSF Industrial Project in Boise

by Amy Works

BOISE, IDAHO — A joint venture between Lincoln Property Co. and One Investment Management (OneIM) has broken ground on EastPort Logistics, a multi-phase industrial development situated on 78 acres in Boise’s Airport submarket. Phase I of EastPort will include 685,000 square feet across four buildings, ranging in size from 12,500 square feet to 378,560 square feet. Upon full build-out, EastPort Logistics will feature seven buildings with clear heights up to 32 feet, more than 1,300 car parking spaces, 168 trailer parking spaces and 196 dock doors. Additional site features will include landscaping and a berm to alleviate light and/or noise from within the site. The project team for phase I includes Mackenzie as architect of record, Kimley Horn as civil engineer and McAlvain as general contractor. TOK Commercial is handling marketing and leasing for the development.

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DevelopmentHospitalityLoansMultifamilySeniors HousingTexas

Eastern Union Arranges $20.4M in Financing for Seniors Housing Conversion Project in Plano

by Taylor Williams

PLANO, TEXAS — Eastern Union has arranged $20.4 million in financing for a seniors housing conversion project in Plano. Built in 1984 and renovated in 2005, the six-story, 137-room building at 700 Central Parkway E. was most recently operated as a Deluxe Inn hotel. The borrower plans to convert the property into a facility with 100 assisted living units and 40 memory care units that will be operated under the Parkdale Senior Living brand. Meir Abrahamson of Eastern Union arranged the financing, which consists of a $15.8 million construction-to-permanent loan and $4.7 million bridge loan. The direct lender was not disclosed. The conversion is slated for a mid-2026 completion.

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DevelopmentIndustrialMidwestTop StoriesWisconsin

Lilly Plans $3B Expansion to Pharmaceutical Manufacturing Facility Near Milwaukee

by John Nelson

PLEASANT PRAIRIE, WIS. — Eli Lilly and Co. (NYSE: LLY) has unveiled plans for a $3 billion expansion of the company’s pharmaceutical manufacturing facility in Pleasant Prairie, located 37.5 miles south of Milwaukee. Lilly acquired the facility from Nexus Pharmaceuticals in April 2024. The Indianapolis-based company plans to start construction on the expansion next year. The expanded facility will focus on the production of injectable medicines, device assembly and packaging for medicines across numerous therapeutic areas. Lilly plans to implement automated features such as guided vehicles, robotics and production equipment in order to accelerate and increase the accuracy of medicine production. Lilly expects to add 750 jobs to the workforce at the facility, which currently comprises about 100 individuals. New jobs at the location will include operators, technicians, engineers and scientists. Additionally, the company states that more than 2,000 construction jobs will be created during the project’s development. “Today’s announcement represents our single largest U.S. manufacturing investment outside our home state of Indiana and will add to our ability to expand capacity to make both our existing and future pipeline of medicines right here in the Midwest,” said Edgardo Hernandez, executive vice president and president of Lilly Manufacturing Operations. Lilly states …

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San-Paseo-Apartments-Katy
DevelopmentMultifamilyTexas

Sueba USA Completes 293-Unit San Paseo Apartments in Katy, Texas

by Taylor Williams

KATY, TEXAS — Locally based developer Sueba USA has completed San Paseo, a 293-unit apartment community in the western Houston suburb of Katy. Located near the northeast corner of I-10 and the Grand Parkway, San Paseo consists of 273 apartments and 20 townhomes. Apartments come in studio, one-, two- and three-bedroom floor plans and range in size from 496 to 2,088 square feet, while the townhomes feature three different layouts and have an average size of about 2,450 square feet. Amenities include multiple pools, outdoor grilling and dining stations, a fitness center, coworking space and a coffee bar. Rents start at $1,170 per month for a studio apartment.

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DevelopmentLife SciencesTexas

St. John Properties Delivers 45,600 SF Life Sciences Building in Metro Austin

by Taylor Williams

GEORGETOWN AND ROUND ROCK, TEXAS — Baltimore-based St. John Properties has delivered a 45,600-square-foot life sciences building on the northern outskirts of Austin. The building is the first to be completed at Westinghouse Crossing, a 225,000-square-foot mixed-use development located at the southern border of Georgetown and the northern border of Round Rock. The 35-acre development will ultimately feature 170,000 square feet of research-and-development facilities, 40,000 square feet of office space and 15,000 square feet of retail space.

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DevelopmentFloridaIndustrialSoutheast

Miller Construction, Foundry Break Ground on Two South Florida Warehouse Projects Totaling 832,000 SF

by John Nelson

OPA LOCKA AND BOYNTON BEACH, FLA. — Miller Construction, working on behalf of Orlando-based commercial real estate services and development firm Foundry Commercial, has begun construction on two warehouse projects in South Florida totaling 832,000 square feet. The facilities, which combined for $68 million in value, include Meek International Business Park Phase IV (375,000 square feet) in Opa Locka, and Egret Point Logistics, a two-building park (457,000 square feet) in Boynton Beach. The project team for Meek International include Arcadis (architect), Puga & Associates (MEP engineer), DDA (structural engineer) and Langan (civil engineer). Arcadis and DDA were also part of the project team for Egret Point, which also included B&K Engineering (MEP engineer) and Kimley-Horn (civil engineer).

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DevelopmentNew JerseyNortheastRestaurantRetail

Connell Co. Breaks Ground on 55,000 SF Entertainment Building in Berkeley Heights, New Jersey

by Taylor Williams

BERKELEY HEIGHTS, N.J. — Local developer The Connell Co. has broken ground on a 55,000-square-foot entertainment building at The Park, a 185-acre mixed-use development in the northern New Jersey community of Berkeley Heights. The building will be located within The District, a 60-acre section of the larger campus. Tenants that have committed to the new building include craft beer provider Emberside Brewery, Mexican restaurant Rosa Azul and speakeasy-style steakhouse and entertainment concept BASH. Completion is slated for 2026.

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LogistiCenter-Irvine-CA
CaliforniaDevelopmentIndustrialWestern

Premier Design + Build Breaks Ground on 224,920 SF LogistiCenter at Irvine in California

by Amy Works

IRVINE, CALIF. — Premier Design + Build Group has started construction on LogistiCenter at Irvine I & II, its first project in the Western region for developer Dermody Properties. The development will consist of two LEED-certified industrial facilities totaling 224,920 square feet. LogistiCenter at Irvine I will be a 133,320-square-foot freestanding building situated on six acres. The asset will feature 10,000 square feet of office/mezzanine space, a clear height of 36 feet, 15 dock doors with dock bumpers, one drive-in door and 108 parking stalls. Situated on an adjacent 4.4 acres, the 91,600-square-foot LogistiCenter at Irvine II will offer 8,200 square feet of office/mezzanine space, a clear height of 36 feet, 11 dock doors, one drive-in door and 74 parking stalls. Completion is slated for first-quarter 2025. The project team includes HPA Architecture, Darin Fong and Associates, Tait Engineering, Kier + Wright, Gregg Electric and Wallace P. Johnson Plumbing. CBRE is serving as the real estate broker for the development.

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DevelopmentIllinoisMidwestOffice

Urban Innovations Completes Renovation of Consumers Credit Union Headquarters in Lake Forest, Illinois

by Kristin Harlow

LAKE FOREST, ILL. — Urban Innovations has completed the renovation and expansion of the Consumers Credit Union headquarters building at 300 N. Field Drive in the Chicago suburb of Lake Forest. Urban Innovations led the 140,000-square-foot renovation of an existing three-story building, which the tenant purchased in 2022 to move its headquarters from Gurnee. The project for the company’s 500 employees entailed a new interconnecting grand staircase from the first floor to the basement. Amenities include a Starbucks with lounge, fitness center, large training room and cafeteria. Other project features include an upgraded lobby and reception desk, new executive offices, a 40-person boardroom, new conference and phone rooms, six coffee bars and pantries, and a refresh of existing finishes and lighting. Partners by Design was the architect.

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