Development

Ardent Acquires Three Industrial Buildings in Atlanta’s Armour Yards, Plans Conversion to Loft Office Space

by Alex Tostado September 5, 2019

ATLANTA — The Ardent Cos. has acquired three industrial buildings totaling 112,935 square feet within the Armour Yards district in Atlanta. The buyer plans to reposition the space into office loft space. The three buildings are 279 Ottley Drive (49,500 square feet), 221 Armour Drive (47,775 square feet) and 219 Armour Drive (15,660 square feet). The properties are located off Interstates 75 and 85, between Buckhead and Midtown near Sweetwater Brewery. A timeline for the renovations was not disclosed. Michael Anderson of Cresa Global Inc. represented the buyer in the transaction. The seller was DH Pace, parent company of Overhead Door Co. According to Atlanta Business Chronicle, Ardent cquired the buildings for $14.7 million and Overhead Door will vacate the buildings in the fourth quarter of 2019.

September 5, 2019

Development Michigan Midwest Mixed-Use

Bedrock Selects ODA as Architect for Book Tower Rehabilitation in Detroit

by Kristin Harlow September 5, 2019

DETROIT — Bedrock has selected ODA as the design architect for the Book Tower, an adaptive reuse project in Detroit. The project includes a mix of residential, hospitality, retail and office space. The 486,760-square-foot office tower was originally designed by Louis Kemper in 1916 in an Italian Renaissance style. Bedrock acquired the 38-story tower in 2015 and recently completed an extensive exterior restoration, including the replacement of 2,483 windows. ODA plans to add a variety of public amenities, including retail, galleries, restaurants and a café. The project team also includes construction manager Brinker/Christman, civil engineer Giffels Webster, structural engineer Buro Happold, as well as Kraemer Design Group for historic preservation and ARUP for acoustics and security. The building was named after the famous Book Brothers of Detroit. The last tenant, Bookie’s Tavern, closed in early 2009 leaving the entire building vacant.

September 5, 2019

Development Midwest Minnesota Multifamily

Opus, Titan Complete 154-Unit Apartment Project in Rochester, Minnesota

by Kristin Harlow September 5, 2019

ROCHESTER, MINN. — The Opus Group and Titan Development & Investments have completed development of The Maven on Broadway, a 154-unit apartment project in Rochester near the Mayo Clinic. The building offers a mix of floor plans ranging from studios to penthouses, including 20 furnished units. Tenants have access to various amenities, including a pool, clubroom, fitness center, lounge, rooftop deck and dog wash. The property also includes 9,000 square feet of ground-level retail space. The project is part of the city of Rochester’s Destination Medical Center initiative, a public-private partnership to position Rochester as a destination for health and wellness. Opus and Titan were co-developers, while Titan provided construction management. Opus served as design-builder, interior designer, architect and structural engineer of record.

September 5, 2019

Development Michigan Midwest Restaurant Retail

Michigan Ranks Fourth in Nation for Most Craft Breweries, Says CBRE

by Kristin Harlow September 5, 2019

MICHIGAN — Craft beer has become big business in Michigan, especially in the Detroit area, where breweries have expanded by 680,000 square feet since 2010, according to a report from CBRE. In 2017, the craft brewing industry contributed $76.2 billion to the U.S. economy. Of that amount, the total craft beer industry in Michigan contributed nearly $2.5 billion — ninth highest in the nation. In total, the state is home to 330 craft breweries, ranking it fourth in the nation by the number of establishments. From 2008 to 2016, Michigan added 1,600 jobs in breweries, accounting for sector employment growth of more than 760 percent.

September 5, 2019

Development Multifamily Texas

KWA Construction Breaks Ground on $46M Apartment Project in Irving

by John Nelson September 4, 2019

IRVING, TEXAS — Locally based general contractor KWA Construction has broken ground on Legacy Lakeshore, a 293-unit apartment project in Irving. California-based Legacy Partners is developing the $46 million project, which will be situated on 3.4 acres near Lake Carolyn in the city’s Las Colinas district. Units at Legacy Lakeshore will range in size from 580 to 1,945 square feet, and amenities will include a pool, outdoor kitchen areas, fitness center and a spa, as well as paddleboards and kayaks for resident use. Completion is scheduled for July 2021.

September 4, 2019

Development Industrial Office Texas

Talley Riggins Underway on 32,000 SF Office, Warehouse Project Near Fort Worth

by John Nelson September 4, 2019

GRAPEVINE, TEXAS — General contractor Talley Riggins Construction Group is underway on a 32,000-square-foot, build-to-suit office and warehouse project in Grapevine, a suburb of Fort Worth. The space will serve as the new headquarters for HVAC supplier McMillan James Equipment Co. The building features office space for over 100 employees, a covered roof terrace, covered parking and an approximately 10,000 square-foot warehouse. Dallas-based Merriman Anderson Architects served as the architect and interior designer on the project.

September 4, 2019

Development Retail Texas

NewQuest Begins Construction on 15,560 SF Retail Project in Metro Austin

by John Nelson September 4, 2019

HUTTO, TEXAS — Houston-based NewQuest Properties has begun construction on a two-building retail project that will add 15,560 square feet of new space to Hutto, a northern suburb of Austin. The project represents Phase II of Townwest Commons, a 32-acre retail center that is anchored by Lowe’s Home Improvement and fronts State Highway 79. Phase II of Townwest Commons is expected to be complete in early 2020.

September 4, 2019

Alabama Development Industrial Southeast

DaikyoNishikawa US Breaks Ground on $110M Automotive Plant in Northern Alabama

by Alex Tostado September 4, 2019

HUNTSVILLE, ALA. — DaikyoNishikawa US (DNUS) has broken ground on its $110 million automotive plant in Huntsville. The plant will be on the same site as the 3.1 million-square-foot Mazda Toyota Manufacturing USA (MTMUS) plant, which is expected to be operational in 2021. DNUS’ plant is expected to come on line around the same time. DNUS will produce plastic automotive parts at the plant and expects the plant to house 380 employees at full production. The MTMUS plant will have the capacity to produce 300,000 vehicles annually.

September 4, 2019

Development Midwest Multifamily Wisconsin

Kraus-Anderson Completes Conversion of Manufacturing Facility into Apartments in Wisconsin

by Kristin Harlow September 4, 2019

LA CROSSE, WIS. — Kraus-Anderson Construction Co. has completed the conversion of the former La Crosse Plow Co. manufacturing facility into apartments. Now known as Landmark by the Rivers, the property is located at 525 N. 2nd St. Designed by Dimension IV Madison Design Group and owned by La Crosse-based JJAWC LLC, the project consists of 64 loft units. Amenities include an exercise room, multipurpose room, business center, dog wash, coffee bar, rooftop deck and bicycle storage. Monthly rental rates start at $1,600 for one-bedroom units. Retail and office space also is available for lease at the property.

September 4, 2019

Development Midwest Missouri Retail

Academy Bank Opens Flagship Retail Banking Center in Kansas City’s Crossroads Arts District

by Kristin Harlow September 4, 2019

KANSAS CITY, MO. — Academy Bank, a full-service community bank and wholly owned subsidiary of Dickinson Financial Corp., has opened its new flagship retail banking center and home office in the Crossroads Arts District of Kansas City. The 4,214-square-foot branch is located at 1881 Main St. It occupies the first floor of the standalone building adjacent to Corrigan Station. The bank shares an outdoor courtyard space with neighboring businesses, including The Roasterie and WeWork. In addition to ATM and mobile services, Academy Bank in the Crossroads features walk-up video banking, enabling customers to speak with a video banker during extended hours. Academy Bank plans to open two more Kansas City-area locations this year. In August, it opened an Overland Park branch.

September 4, 2019

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