Development

JCCG Underway on 250-Unit Build-to-Rent Community in Loxley, Alabama

by Abby Cox February 27, 2026

LOXLEY, ALA. — Jim Chapman Construction Group (JCCG) is underway on the construction of The Cottages at Loxley, a 250-unit build-to-rent residential community located in Loxley, a city in Alabama’s Baldwin County. The firm broke ground on the project in January, with vertical construction slated to begin later this year. Situated on roughly 51 acres along I-10, The Cottages at Loxley will comprise single-family rental homes ranging in size from 1,000 to 1,493 square feet, featuring open-concept layouts and attached private garages. Planned amenities will include a clubhouse, swimming pool, fitness center, onsite property management and 24-hour emergency maintenance. The community is designated to serve families within the Baldwin County Public Schools system, including Loxley Elementary School, Central Baldwin Middle School and Robertsdale High School.

February 27, 2026

Development Georgia Loans Multifamily Southeast

Thompson Thrift to Develop 300-Unit Multifamily Community in Dacula, Georgia

by Abby Cox February 27, 2026

DACULA, GA. — Indiana-based Thompson Thrift will develop Lineage, a 300-unit multifamily project in Dacula, an Atlanta suburb in Gwinnett County. The development will be capitalized with equity from Thompson Thrift’s 2026 Multifamily Development LP fund, while PNC Bank will provide construction financing for the project. Lineage marks Thompson Thrift’s 100th multifamily community to be developed nationwide. Spanning nearly 15 acres at the Harbins Road and Ga. State Route 316 interchange, Lineage will comprise four-story buildings with one-, two- and three-bedroom floorplans. Select homes will feature private patio, balcony and yard options, as well as detached garages, high-speed internet access and an Amazon package hub. Amenities will include a golf simulator, swimming pool, fitness center, pickleball court, lounges, coworking and conference space, a dog park, pet spa, outdoor firepits and grilling areas, event space and landscaped courtyards. Additionally, more than 9,500 square feet of street-level retail space will be designed with outdoor seating, “play” space and a designated area for outdoor concerts.

February 27, 2026

Development Healthcare Michigan Midwest

UM-Board of Regents Approves $143M Behavioral Health, Ambulatory Surgery Centers in Lansing

by Kristin Harlow February 27, 2026

LANSING, MICH. — The University of Michigan Board of Regents has approved two projects for mental health resources and certain surgical procedures in mid-Michigan. UM Health-Sparrow is building a behavioral health hospital and an ambulatory surgery center in Lansing. Groundbreakings are scheduled this summer, with plans to open each facility in 2028. The behavioral health hospital will be located in a park-like setting. The building is slated for vacant UM Health-Sparrow-owned property behind the Lansing hospital near Pennsylvania Avenue and Jerome Street. The 64-bed, $83 million facility will serve adult, geriatric, child and adolescent patients. UM-Health is collaborating with Sheppard Pratt, the nation’s largest private, nonprofit provider of behavioral health/substance abuse services, to manage the new hospital and behavioral health services. The $60 million UM Health-Sparrow Lansing Ambulatory Surgery Center will be located west of the Lansing hospital near Michigan and Pennsylvania avenues. The outpatient facility will feature four operating rooms at the start, with options to expand. The new surgery center will care for patients currently undergoing procedures at the 100-year-old St. Lawrence campus and will handle some cases currently performed at the Lansing hospital. Cardiac patients will also benefit from a new MRI planned for the facility.

February 27, 2026

Development Indiana Loans Midwest Multifamily

Maverick, American Mortgage Arrange Construction Financing for $26M Condo Project in Indiana

by Kristin Harlow February 27, 2026

BLOOMINGTON, IND. — Maverick Commercial Mortgage and American Mortgage & Realty have arranged construction financing for ONE15 Lofts on Kirkwood, a $26 million condominium project in Bloomington. First Farmers Bank & Trust provided the 36-month loan, which features interest-only payments. Construction is underway on the project, which is developed by Randy Lloyd of Clearpath Services. The development site at 115 E. Kirkwood Ave. was formerly a surface parking lot adjacent to CVS and directly across from the historic Buskirk-Chumley Theater. The five-story project will feature 17 luxury condominiums, 90 percent of which are pre-sold. Units will range from 1,600 to over 4,000 square feet. The first two floors will feature a new restaurant concept by Cassady’s, the owners of Uptown Café. The project team includes Kunkel Design Group, Genesis Build and interior designer Lindsay Taylor Bell. Kerry Feigenbaum of FC Tucker/Bloomington Realtors is handling residential sales. Completion is slated for 2027.

February 27, 2026

Development Industrial Texas Top Stories

MP Materials Selects AllianceTexas for $1.3B Rare Earth Magnet Manufacturing Site

by Abby Cox February 27, 2026

NORTHLAKE, TEXAS — MP Materials (NYSE: MP), the leading American producer of rare earth materials and permanent magnets, has selected Northlake for its new $1.3 billion rare earth magnet manufacturing campus. CBRE arranged the sale of the site, which is situated within the 27,000-acre AllianceTexas master-planned development in the Dallas-Fort Worth metroplex, on behalf of the developer, Hillwood. The new site, dubbed “10X,” is expected to serve as the center of the United States’ rare earth magnet supply chain. It is located less than 10 miles from MP’s existing “Independence” facility in Fort Worth, which began commercial production in 2025 as a 250,000-square-foot downstream center for rare earth metal, alloy and magnet production. 10X is the result of MP Materials’ previously announced public-private partnership with the U.S. Department of War (DoW), which was established in July 2025 to accelerate U.S. rare earth magnet independence, according to the company’s press release. The DoW holds a 15 percent stake in the company. “10X is about building industrial strength at a scale the United States has not seen in generations, and the exceptional talent and infrastructure in North Texas make it possible,” says James Litinsky, founder, chairman and CEO of MP Materials. “We are advancing key objectives …

February 27, 2026

Development Georgia Mixed-Use Top Stories

New York Life Taps Jamestown to Pursue NHL Stadium for North Point Mall Redevelopment in Metro Atlanta

by Hayden Spiess February 26, 2026

ALPHARETTA, GA. — New York Life Insurance Co. is underway on plans to redevelop North Point Mall in Alpharetta, a suburb roughly 30 miles north of Atlanta. Jamestown has been tapped by New York Life to pursue the redevelopment entitlements for the development. The Atlanta-based firm, which manages the nearby Avalon mixed-use development following its acquisition of the Atlanta-based holdings and listings of North American Properties in 2024, will also oversee property management for North Point Mall effective March 1. Plans for the project include transforming the mall into a sports-anchored, mixed-use entertainment district. The redevelopment will position the 100-acre property to potentially host a National Hockey League (NHL) franchise expansion into the Atlanta metro area. “We think this is a great location for an NHL team and, hopefully, our efforts will attract an owner who wants to acquire an expansion team and bring hockey back to Atlanta,” says Tim Perry, chief investment officer at Jamestown. “The site is well-positioned for redevelopment and to accommodate event and game day traffic associated with an NHL hockey arena.” Machete Group, a Houston-based advisory firm specializing in developing and operating sports venues, will partner with Jamestown to guide the redevelopment. “We’re looking forward to …

February 26, 2026

Development Office Texas

Dude Perfect Opens 80,000 SF Headquarters, Entertainment Facility in Frisco

by Taylor Williams February 26, 2026

FRISCO, TEXAS — Sports and comedy entertainment group Dude Perfect has opened an 80,000-square-foot headquarters and entertainment facility in Frisco. Known as DPHQ3 and designed by Alliance Architects in conjunction with Tangram Interiors and Studio Other, the space features private offices, open desking areas, a café, lounges, phone booths and communal hubs. In addition, the facility doubles as an athletic playground via an NBA-sized basketball court, 45-yard turf field and a golf simulator. Founded in 2009 by five Texas A&M University graduates, Dude Perfect first began exploring plans for such a facility in North Texas in 2022.

February 26, 2026

Acquisitions Development Florida Restaurant Retail Southeast

Morgan, Casto Net Lease Buy Land in Southeast Florida, Plan Aldi-Anchored Shopping Center

by John Nelson February 26, 2026

PORT ST. LUCIE, FLA. — A partnership between Morgan Co. and Casto Net Lease has acquired 15 acres in Port St. Lucie, a city in southeast Florida’s St. Lucie County. The duo plans to develop a new shopping center anchored by Aldi on the site. The center will also include outparcels designated for McDonald’s, Circle K and AutoZone, as well as outparcels that are currently available for sale or lease. Scott Copeland of On Course Development represented Morgan and Casto Net Lease in the land deal. The seller and sales price were not disclosed. The buyers plan to break ground on the shopping center before the end of the year and deliver the property in 2027.

February 26, 2026

California Civic Development Mixed-Use Retail Western

Primestor Development, DLR Group Break Ground on The Walk Mixed-Use Project in Norwalk, California

by Amy Works February 26, 2026

NORWALK, CALIF. — Primestor Development and DLR Group have broken ground on The Walk, a community-serving mixed-use village in Norwalk. Located adjacent to Norwalk City Hall, The Walk will feature 89,000 square feet of retail buildings and public open space, including a network of interconnected plazas and pedestrian pathways. DLG Group is providing architectural and planning design services for the project, which is slated for completion in late 2027.

February 26, 2026

Development Loans Multifamily Northeast Pennsylvania

Banco Inbursa Provides $150M Construction Loan for South Philadelphia Multifamily Project

by Taylor Williams February 26, 2026

PHILADELPHIA — Banco Inbursa has provided a $150 million senior construction loan for a multifamily project that will be located within Wharton Piers, a mixed-use waterfront development in South Philadelphia. The project will consist of a 36-story residential building and a single-story commercial building for a total of 620 market-rate apartments and 30,800 square feet of retail space. The borrower/developer is New York City-based Brevet Capital. Construction is expected to begin in early 2027, with leasing to commence in the fourth quarter of 2028. Full completion is slated for the first quarter of 2029.

February 26, 2026

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