Development

Salt Lake City International Airport Completes $4B Expansion Project

by Kristin Harlow September 2, 2020

SALT LAKE CITY — The first phase of Salt Lake City International Airport’s $4 billion expansion is now complete and set to open Tuesday, Sept. 15. HOK Architects designed the project, which features more efficient passenger flow, visual aesthetics, new amenities and high environmental standards. The airport serves more than 26 million passengers per year. Airport officials say that the original facilities, designed 50 years ago, were no longer efficient for use as a modern hub airport and were not built to today’s earthquake standards. The project was funded with federal grants, user fees, airport revenue bonds and airport reserves. Construction began in July 2014. Completion of all phases is slated for 2024. Leading the construction was HDJV, a joint venture between Holder Construction and Big-D Construction. AOJV, a joint venture between Austin Commercial and Okland Construction, led construction of the North Concourse. Design and engineering partners included HNTB, Colvin Engineering, Reaveley Engineers + Associates and Dunn Associates. The new terminal is designed to eliminate airplane parking bottlenecks and enable airlines to get planes back in the air more quickly. Napa, Calif.-based artist Gordon Huether completed art installations within the project. The largest installation, The Canyon, reflects Utah’s landscape and …

September 2, 2020

Development Florida Retail Southeast

American Commercial Realty to Redevelop Shopping Center in Central Florida

by Alex Tostado September 1, 2020

OCALA, FLA. — American Commercial Realty Corp. will redevelop Pearl Britain Plaza, a Publix-anchored shopping center in Ocala. The Palm Beach Gardens, Fla.-based developer will demolish the existing Publix, which was built in 1991, and build a new 48,387-square-foot Publix. Anchoring the 77,637-square-foot center, the new Publix will feature a drive-thru pharmacy. Existing tenants including Stay Faded Barber, Sam’s Nails, Wise Guys Pizzeria, Jackson Hewitt and Shang Hai Restaurant will remain in place when the center reopens, scheduled for early 2021. Pearl Britain Plaza is situated at 2657 NE 35th St., 38 miles south of downtown Gainesville. Cuhaci & Peterson designed the shopping center. Elliott Throne and Jesse Wright of JLL originated a construction loan through First Florida Integrity Bank on behalf of the borrower. The seven-year loan features a fixed interest rate.

September 1, 2020

Development New York Northeast Retail

Breslin Realty to Undertake 62,450 SF Expansion of Walmart in Farmingdale, New York

by Taylor Williams September 1, 2020

FARMINGDALE, N.Y. — Development and management firm Breslin Realty will undertake a 62,450-square-foot expansion project at a Walmart Supercenter store in the Long Island city of Farmingdale. The project will increase the total size of the store located at Republic Plaza to 219,450 square feet. The center also houses tenants such as Chili’s Grill & Bar, Panera Bread, Chipotle Mexican Grill, Halal Guys and Blaze Pizza. A construction timeline was not released.

September 1, 2020

Development Illinois Midwest Multifamily Seniors Housing

Capitol Seniors Housing Completes Development of 86-Unit Facility in Suburban Chicago

by Kristin Harlow September 1, 2020

HIGHLAND PARK, ILL. — Developer Capitol Seniors Housing has completed the development of Atria Highland Park, an 86-unit assisted living and memory care community in the Chicago suburb of Highland Park. Atria Senior Living operates the three-story, 72,000-square-foot property. Designed by Mosely Architects and StudioSix5, the community includes amenities such as a library, theater, art studio, multi-purpose room, fitness center, wellness center, restaurant, bistro and private dining room. There are 22 memory care suites. The community sits on 2.6 acres near the Sunset Valley Golf Course. Core Construction was the general contractor.

September 1, 2020

Development Florida Loans Multifamily Southeast Student Housing

Joint Venture Receives $65M in Construction Financing for Student Housing Community Near University of Florida

by Alex Tostado August 31, 2020

GAINESVILLE, FLA. — A joint venture between 908 Group, Scannell Properties and Atlantic American Partners has received $65 million in construction financing for an unnamed development of a 604-bed student housing community near the University of Florida in Gainesville. First Merchant’s Bank, First Financial Bank and Old National Bank provided the construction loan for the community. TSB Capital Advisors acted as special advisor in the financing. The project will offer a mix of one-, two-, three-, four- and five-bedroom units with bed-to-bath parity. Communal amenities will include ground-floor retail space, outdoor courtyards, pools, private study lounges, a clubroom and a fitness center. The community is scheduled for completion in fall 2022. Humphrey’s & Partners designed the asset, and Arco-Murray is the general contractor. Houston-based multifamily operator Asset Living will manage the community upon completion.

August 31, 2020

Development Florida Multifamily Seniors Housing Southeast

Winter Park Construction Breaks Ground on $23M Affordable Seniors Housing Community in Orlando

by Alex Tostado August 31, 2020

ORLANDO, FLA. — General contractor Winter Park Construction has broken ground on Madison Landing, an affordable seniors housing community in Orlando. Development partners American Residential Communities and New South Residential paid $1.3 million for 5.4 acres for the project. The first phase will be a 77,473-square-foot, seven-story building totaling 110 units. Development costs for Phase I are estimated at $23 million. Completion of Phase I is scheduled for September 2021. A second phase, not yet approved, could potentially add 86 more units. The developers are pursuing future funding from Florida Housing Finance Corp. (FHFC) to complete Phase II. Phase I will be 90 percent reserved for households making up to 60 percent of the area median income (AMI), with the remaining units for those making less than 33 percent of the AMI. Orange County reports that AMI is $68,100. The project team includes architect Blue Skies Studios and civil engineer Evans Engineering.

August 31, 2020

Data Centers Development Industrial Texas

H5 Data Centers to Undertake 5,000 SF Expansion Project in San Antonio

by Taylor Williams August 31, 2020

SAN ANTONIO — Owner-operator H5 Data Centers will undertake a 5,000-square-foot expansion project at its 80,000-square-foot colocation facility located at 100 Taylor St. in San Antonio. The project will add Tier III infrastructure capacity to the facility. Data center tiers refer to the requirements of distribution paths, cooling and other components that are used to differentiate facilities. A timeline for the project was not released.

August 31, 2020

Development Multifamily New York Northeast

WinnCos. Completes $23.6M Workforce Housing Project in Rochester

by Taylor Williams August 31, 2020

ROCHESTER, N.Y. — Developer WinnCos. has completed Liberty Lofts at Sibley Square, a $23.6 million workforce housing project in Rochester. The property, which is a redevelopment of a historic 1.1 million-square-foot building, adds 104 units to the local supply. Fifty-three units are available at rents of up to 60 percent of the area median income (AMI); three units are available at rents up to 100 percent of AMI; and 48 units are available at rents of up to 110 percent of AMI. The Architectural Team of Chelsea, Mass. designed the project, and DiMarco Constructors served as the general contractor.

August 31, 2020

Development Midwest Multifamily Seniors Housing Wisconsin

New Perspective Opens 128-Unit Senior Living Community in Waukesha, Wisconsin

by Kristin Harlow August 31, 2020

WAUKESHA, WIS. — New Perspective has opened New Perspective Waukesha, a 128-unit independent living, assisted living and memory care community in the Milwaukee suburb of Waukesha. Amenities include a pool, dance hall, fitness center, café, movie theater and enclosed courtyard. This is the second community that the owner-operator has opened in the past two months. New Perspective’s portfolio consists of 24 communities in Minnesota, North Dakota, Wisconsin and Illinois.

August 31, 2020

Development Midwest Minnesota Office

Bridgewater Bank Opens New Corporate Headquarters in St. Louis Park, Minnesota

by Kristin Harlow August 28, 2020

ST. LOUIS PARK, MINN. — Bridgewater Bank, a local Twin Cities bank, has opened its new corporate headquarters in St. Louis Park near Minneapolis. Known as Bridgewater Corporate Center, the development is located at the corner of Excelsior Boulevard and Monterey Drive. The four-story, 84,000-square-foot building includes a Bridgewater retail branch on the ground floor. Operations and administrative offices are located on the second and third floors. Other tenants include Hazelwood Food & Drink and boutique fitness studio Discover Strength, both of which will open to the public in early 2021. Ironmark Building Co., The Bainey Group, DJR Architecture and Momentum Design Group made up the project team.

August 28, 2020

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