Development

Sonata Senior Living Plans to Develop $52M Seniors Housing Community Near Orlando

by Alex Tostado September 13, 2019

LAKE MARY, FLA. — Sonata Senior Living has announced plans to develop Sonata Lake Mary, a 193-unit seniors housing community in Lake Mary, approximately 15 miles north of Orlando. The four-story, 250,000-square-foot community will be located on a seven-acre site within Parkway Properties Inc.’s Lake Wellness & Technology Park mixed-use development. Sonata Lake Mary will feature 88 independent living, 92 assisted living and 13 memory care apartments. Sonata Senior Living expects to break ground in early 2020 for a planned 2021 opening. It will be the 12th community for the Orlando-based seniors housing developer and operator. Development costs were estimated at $52 million. The location of Sonata Lake Mary within the 153-acre, $750 million Lake Wellness & Technology Park will place the community in close proximity to a hospital, urgent care facility and medical pavilion. Orlando Health plans to start construction of a $470 million, 240-bed hospital in 2020, with plans for another 84,000 square feet of medical office space within walking distance to Sonata Lake Mary.

September 13, 2019

Development Office Texas

KDC Nears Completion of 1.2 MSF Headquarters for Pioneer Natural Resources in Irving

by Taylor Williams September 13, 2019

IRVING — Developer KDC, in partnership with Verizon, is nearing completion of the new 1.2 million-square-foot headquarters campus in Irving for energy firm Pioneer Natural Resources. Situated on 150 acres within the Hidden Ridge development in the city’s Las Colinas district, the headquarters building stands 10 stories, overlooks a pond and includes a seven-story parking garage. Amenities include a daycare, wellness center and a food hall. Cushman & Wakefield will manage the property. Move-ins are scheduled to begin in November.

September 13, 2019

Development Office Texas

NewcrestImage Breaks Ground on 80,000 SF Office Project in Grapevine, Texas

by Taylor Williams September 13, 2019

GRAPEVINE, TEXAS — Locally based hotel developer NewcrestImage has broken ground on an 80,000-square-foot office project in the northern Fort Worth suburb of Grapevine. Upon completion in 10 to 12 months, the company will occupy about a quarter of the building for its headquarters space and lease the remaining 60,000 square feet. The property will be located within SilverLake Crossings, a 52-acre mixed-use development that includes 400 residential units and 30,000 square feet of retail and restaurant space.

September 13, 2019

Development Idaho Loans Multifamily Western

Newmark Realty Capital Arranges $22M in Development Financing for Residential Tower in Northern Idaho

by Amy Works September 13, 2019

COEUR D’ALENE, IDAHO — San Francisco-based Newmark Realty Capital (NRC) has arranged $22 million in development and construction financing for One Lakeside Center, a 15-story residential tower on the north shore of Lake Coeur d’Alene in Northern Idaho. Demetri Koston of NRC’s Spokane, Wash., office arranged the financing for the undisclosed borrower through a New York-based national bank lender. Situated one block from the water’s edge in Coeur d’Alene, One Lakeside Center will feature 69 residential units, a parking garage and a ground-floor commercial suite. Additional details of the project were not released.

September 13, 2019

Colorado Development Multifamily Seniors Housing Western

Erickson Living Plans Two-Building Seniors Housing Expansion in Highlands Ranch, Colorado

by Amy Works September 13, 2019

HIGHLANDS RANCH, COLO. — Erickson Living has unveiled plans for a two-building residential expansion at Wind Crest, a continuing care retirement community (CCRC) in Highlands Ranch, about 15 miles south of Denver. The property already opened an expansion in 2019, an independent living building named Prospect Crossing. The two new buildings, named Summit Square and Quincy Point, will add more than 200 independent living units. They are both scheduled to open in 2020. The expansion will also include 18,000 square feet of amenity space, including outdoor space, multiple new restaurants, a second fitness center and other shared spaces.

September 13, 2019

Development Massachusetts Multifamily Northeast Student Housing

ACC, Northeastern University Open 825-Bed Student Housing Community

by Alex Patton September 13, 2019

BOSTON — A partnership between American Campus Communities (ACC) and Northeastern University has opened LightView, an 825-bed student housing community in Boston. The 20-story development offers four-bedroom units with shared or private accommodations. Amenities include social and recreational lounges, a fitness center, 24-hour academic success center and 2,000 square feet of retail. ACC will own and operate the building. The project — designed by CUBE 3 and Elkus Manfredi Architects — was fully leased prior to opening.

September 13, 2019

Connecticut Development Multifamily Northeast Seniors Housing

Resort Lifestyle to Build on $30M Seniors Housing Community in Connecticut

by Alex Patton September 13, 2019

TRUMBULL, CONN. — Resort Lifestyle Communities (RLC) will soon break ground on River Valley, an independent living seniors housing property in Trumbull, located approximately 50 miles southwest of Hartford. The 180,000-square-foot community will offer one- and two-bedroom units, though the number of units is not yet disclosed. The property will provide cooking, cleaning and valet parking services, as well as fitness classes and community events. River Valley will be the second RLC location in Connecticut.

September 13, 2019

Development Illinois Midwest Multifamily

111-Unit Mixed-Income Development Opens in Chicago

by Kristin Harlow September 13, 2019

CHICAGO — The Concord at Sheridan, a 111-unit mixed-income development, has opened in Chicago’s Rogers Park community. Located at 6438 N. Sheridan Road, the site was formerly a surface parking lot. Of the 111 apartments, 65 are designated as affordable for low-income residents and will be leased to renters from the Chicago Housing Authority (CHA) wait list. The other 46 units will be leased as market rate. The project includes 29,400 square feet of retail space, including a 23,200-square-foot Target. Common area amenities include a lounge, game area, fitness center, conference room, amenity terrace and coworking space. The development has a walk score of 92. The seven-story project is the result of a public-private partnership including the CHA and co-developers Three Corners Development, Iceberg Development, Lightengale Group and Cubit Development Group. Market-rate rents begin at $1,041 while the affordable rents are based on a resident’s income. Renters must earn up to 60 percent of the area median income to qualify. Architecture firm GREC designed the project, while Riteway Madison LLC served as the general contractor.

September 13, 2019

Development Indiana Industrial Midwest

Meridian Design Build Breaks Ground on 367,808 SF Spec Industrial Building in Indianapolis

by Kristin Harlow September 13, 2019

INDIANAPOLIS — Meridian Design Build has broken ground on a 367,808-square-foot speculative industrial building on behalf of developer Exeter Property Group in Indianapolis. The new facility will be situated on a 31.7-acre site at 5325 Seerley Road. The development will feature a clear height of 36 feet, 80 dock positions, four drive-in doors, 304 car parking stalls and 41 exterior trailer stalls. This is Meridian’s fourth project in the Indianapolis market. The project team includes JRA Architecture and Banning Engineering.

September 13, 2019

Development Hospitality Kansas Midwest

TGC Group to Build 95-Room Hotel in Wichita’s Delano District

by Kristin Harlow September 13, 2019

WICHITA, KAN. — TGC Group plans to break ground this fall on a 95-room Home2 Suites hotel in Wichita’s Delano District. TGC Hospitality Management will manage the hotel, located at 200 N. Sycamore St. The four-story development is slated for completion in winter 2020. All suites will feature separate living and bedroom space. The pet-friendly hotel will include complimentary breakfast and WiFi.

September 13, 2019

Newer Posts

Older Posts