Development

Peak Campus, Blue Vista Capital Complete 525-Bed Student Housing Community in Atlanta

by Alex Tostado September 12, 2019

ATLANTA — Peak Campus Development and investment partner Blue Vista Capital Management have completed Theory West Midtown, a 525-bed student housing community located near the Georgia Institute of Technology in Atlanta. The property offers fully furnished studio, one-, two-, three- four- and five-bedroom units with bed-to-bath parity. Shared amenities include a resort-style swimming pool with a sundeck, outdoor grilling area, 24-hour fitness center, computer lab, study lounges, game room with billiards, outdoor lounge with a fire pit, roof deck with seating and grilling stations, business center and 10,500 square feet of retail space. The property was designed by Niles Bolton Associates Inc. and built by Summit Contracting Group.

September 12, 2019

Acquisitions Development Florida Hospitality Southeast

Urbanica Acquires Land in Miami Beach for $40M, Plans 200-Room Beachfront Hotel

by Alex Tostado September 12, 2019

MIAMI BEACH, FLA. — Hotel developer Urbanica has acquired a one-acre plot of land in Miami Beach for $40 million from China City Construction (CCC). Urbanica plans to develop a 200-room, beachfront hotel on the site. The plot is the last undeveloped beachfront lot in North Beach, located between the Deauville Beach Resort and Sterling Condominium buildings on Collins Avenue. Urbanica expects to break ground immediately. Slated to open in approximately two years, the hotel will feature a restaurant helmed by the Urbanica’s partner, chef Fernando Trocca, an indoor bar, pool bar and beach service.

September 12, 2019

Development Illinois Midwest Office

Skender Completes Expansion of LinkedIn’s Chicago Headquarters

by Kristin Harlow September 12, 2019

CHICAGO — Skender has completed construction of LinkedIn’s 46,000-square-foot Chicago headquarters expansion at 525 W. Monroe. A staircase now connects the existing space via two floors. The project includes large collaboration areas, open workstations, a salon, mother’s room as well as a fifth-floor amenity space with a garden lounge, game room and music room. California-based LinkedIn’s total footprint in the building is now 185,077 square feet. Skender collaborated with Gensler, ESD Global and Avison Young for the project.

September 12, 2019

Development Office Texas

Granite Properties to Develop 18-Story Office Building in Plano

by Taylor Williams September 12, 2019

PLANO, TEXAS — Granite Properties, a commercial investment and development firm with five offices around the country, will develop Granite Park Six, an 18-story, 415,000-square-foot office building within the 90-acre Granite Park mixed-use development in Plano. Designed by BOKA Powell, the Class A property will front State Highway 121 and feature a market café, customer lounge with coffee service, a bar, golf simulator, lecture hall, three conference centers and an outdoor amenity deck on the fifth floor. Balfour Beatty is serving as the general contractor for the project, construction of which could begin as early as the first quarter of 2020.

September 12, 2019

Colorado Development Industrial Western

Bradbury Properties, Confluent Development Launch Next Phase of 100-Acre Industrial Hub in Metro Denver

by Amy Works September 12, 2019

DENVER — Bradbury Properties and Confluent Development have broken ground on three additional buildings at HighField Business Park, an industrial park located at the intersection of E-470 and Peoria Street southeast of Centennial Airport in metro Denver. Upon completion, the three projects will bring the 100-acre near to full build-out, spanning approximately 10 years and totaling 1.25 million square feet of industrial space. Only 12 acres on the park’s north end will remain undeveloped. The new buildings include a 202,000-square-foot, single-story facility, slated for completion in second-quarter 2020; and 160,000-square-foot and 130,000-square-foot speculative buildings, slated for completion in first-quarter 2020. Brinkman Construction and Ware Malcomb are serving as general contractor and architect, respectively, for the FedEx property. Murray & Stafford and Intergroup Architects comprise the project team for the spec buildings. The spec facilities will feature front-park, rear-load design with shared truck courts. HighField Business Park currently features 750,000 square feet of fully leased industrial space. Upon completion of this phase of development, the park will consist of six buildings totaling 800,000 square feet of space. Current tenants at the park include Charter Communications, Gateway Classic Cars, EdgeConneX, Linn Star Transfer and Liteye Systems. Jim Bolt of CBRE leads the …

September 12, 2019

Colorado Development Multifamily Retail Western

Pollack Shores Real Estate Group to Develop 201-Unit Residential Village in North Boulder

by Amy Works September 12, 2019

BOULDER, COLO. — Pollack Shores Real Estate Group plans to develop The Armory, a 201-unit residential village in North Boulder. Situated on the grounds of a former Colorado National Guard post, The Armory marks Pollack Shores’ entry into the Colorado market. Located at 4750 Broadway in the NoBo Art District, The Armory will feature a mix of two-story apartment buildings, 18 three-story townhomes, 8,400 square feet of retail storefronts along Broadway and two public pocket parks. Additionally, as part of the project, the historic, 9,500-square-foot armory mess hall and smokestack will be preserved as an activity center for residents. Originally built in 1949, the repurposed landmark will feature yoga and fitness classes, a kitchen and bar area, clubroom, outdoor pool deck and leasing office. The project team includes The Mulhern Group, Martines Palmeiro Construction and JVA. Construction is scheduled to begin this fall, with delivery slated for 2021. Matrix Residential, the developer’s fully integrated property management firm, will oversee operations of the community. Armory Community LLC, a local investment group led by Bruce Dierking and Jim Loftus, the original visionaries behind the project, will retain a minority interest in the development.

September 12, 2019

Development Georgia Hospitality Southeast

Majestic Realty, Portman Architects Unveil Design of $350M Hotel Near Atlanta Airport

by Alex Tostado September 11, 2019

ATLANTA — Majestic Realty has unveiled design plans for its $350 million hotel near Hartsfield-Jackson Atlanta International Airport in Atlanta. Atlanta-based Portman Architects designed the 14-story hotel, which will be situated on the site of the current West economy parking lot. Majestic expects the hotel will be branded under a Hilton flag. Construction of the 541-room hotel, the first to be built at Hartsfield-Jackson and attached to the airport, is expected to begin later this year and be completed in 2022. Wimberly Interiors will design the guest rooms, and Tihany Design will design the lobby and restaurant space. The hotel is part of Majestic Realty’s larger master-planned development that will include 50,000 square feet of meeting space, an office building, a second hotel and a 1,150-space parking deck.

September 11, 2019

Development Florida Multifamily Southeast

Presidium Breaks Ground on 370-Unit Apartment Complex in Jacksonville

by Alex Tostado September 11, 2019

JACKSONVILLE, FLA. — Presidium has broken ground on Presidium at Town Center, a four-story, 370-unit apartment complex in Jacksonville’s St. Johns Town Center area. The 470,000-square-foot development is expected to be complete in mid-2021. Interior units will feature energy-efficient appliances and 9- to 10-foot ceilings. Communal amenities will include a swimming pool; 10,000-square foot leasing/amenity building containing a club room, game room and fitness center; and a rooftop terrace and lounge overlooking the pool. Dwell Design Studio is the architect, Connolly & Wicker is serving as the civil engineer, and Dix.Hite + Partners Inc. is the landscape architect.

September 11, 2019

Development Multifamily Southeast Virginia

Bristol Development Opens 301-Unit Multifamily Complex in Richmond

by Alex Tostado September 11, 2019

RICHMOND, VA. — Bristol Development Group has opened Canopy at Ginter, a 301-unit multifamily complex in Richmond. Canopy at Ginter offers 112 one-bedroom floor plans, 186 two-bedroom floor plans and three three-bedrooms plans ranging in size from 629 square feet to 1,623 square feet. Additionally, several units feature attached garages. Communal amenities include a clubhouse with a kitchen, saltwater swimming pool, bike storage, pet spa, fitness and yoga studio, outdoor pool table, Wi-Fi throughout the community, indoor mailroom and a package delivery/storage system. The community was built through a partnership with Union Presbyterian Seminary. The school is located across the street and previously owned the land that Canopy at Ginter sits upon. The community will provide Union students with additional housing opportunities. Canopy at Ginter Park is located at the corner of Westwood Avenue and Brook Road, three miles north of downtown Richmond. Fifth Third Bank provided construction financing.

September 11, 2019

Development Multifamily Texas

Allied Orion Breaks Ground on 288-Unit Multifamily Project in Metro Houston

by Taylor Williams September 11, 2019

KATY, TEXAS — General contractor Allied Orion Group has broken ground on Territory at Greenhouse Apartments, a 288-unit multifamily project in the western Houston suburb of Katy. Developed by Dhanani Private Equity Group, the Class A community will be located near Houston Methodist Hospital, Texas Children’s Hospital and Cullen Park, as well as a multitude of dining, retail and entertainment options including LaCenterra in Cinco Ranch, City Centre, and Katy Mills Mall. Territory at Greenhouse’s units will feature one-, two- and three-bedroom units with stainless steel appliances, vinyl plank flooring and private balconies. Communal amenities will include a resort-style pool, fitness center, outdoor movie amphitheater, resident clubhouse and lounge, a business center and a dog park. Completion is slated for February 2020 and preleasing will begin this fall.

September 11, 2019

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