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DevelopmentIndianaMidwestMultifamily

LV Collective to Build 583-Unit Apartment Development in West Lafayette, Indiana

by Kristin Harlow

WEST LAFAYETTE, IND. — LV Collective has unveiled plans to build Rambler Levee District, a two-building apartment development totaling 583 units in the Levee District of West Lafayette near Purdue University. LV is partnering with Harrison Street and obtained financing from Pacific Life for the project. Amenities will include coworking spaces, a clubroom, multiple pools, internal courtyards, fitness facilities, a yoga studio, resident lounge and saunas. The 799,289-square-foot project will be centered around a 20,000-square-foot public plaza and green space. Plans also call for 15,600 square feet of retail space. Site work will begin this quarter, with completion slated for fall 2027. Project partners include development group Landmark Properties Inc., architect WDG, general contractor Brinkmann Constructors, interior designer Variant Collaborative and DLA Piper for legal counsel. TSB Capital Advisors consulted on construction financing.  

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DevelopmentMichiganMidwestMultifamily

Partnership to Open 200-Unit Forum Flats Luxury Apartment Complex in Troy, Michigan

by Kristin Harlow

TROY, MICH. — A partnership between Douglas Capital Partners, Cypress Partners and Village Green is set to open Forum Flats in Troy on Thursday, Nov. 14. The luxury apartment complex consists of three buildings with 200 units. Amenities include a clubroom, pool, fitness center, pet spa and dog park. The first of the three buildings took over the former 100,000-square-foot office space previously utilized by Kelly Services and now features 90 units. The other two buildings were constructed from the ground up and each total 55 units. Monthly rents start at $1,675 for studios.

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DevelopmentMidwestNorth Dakota

Kraus-Anderson Begins $6.5M Renovation of Challey School of Music at North Dakota State University

by Kristin Harlow

FARGO, N.D. — Kraus-Anderson has begun a $6.5 million renovation and expansion of the Challey School of Music at North Dakota State University in Fargo. Designed by Foss Architecture & Interiors, the project features a 9,700-square-foot addition to the existing building with a 1,000-square-foot rehearsal space, teaching studios and a recording facility. The expansion also includes practice rooms, offices, extra storage and locker facilities. Completion is slated for summer 2025.

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DevelopmentMultifamilySoutheastVirginia

Breeden Construction Delivers 164-Unit Apartment Community in Williamsburg, Virginia

by John Nelson

WILLIAMSBURG, VA. — Breeden Construction has delivered Governor’s Inn, a 164-unit apartment community located in Williamsburg. An entity doing business as CDG Holdings LLC is the developer behind the $33.5 million project. Governor’s Inn comprises six two- to four-story residential buildings, as well as community amenities including a swimming pool, fitness center, outdoor grilling station and a community clubhouse.

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DevelopmentFloridaLeasing ActivityRetailSoutheast

Whole Foods to Open 42,024 SF Grocery Store in Boynton Beach, Florida

by John Nelson

BOYNTON BEACH, FLA. — Whole Foods Market plans to open a 42,024-square-foot grocery store located at 7395 Boynton Beach Blvd. in Boynton Beach. Set to open on Dec. 10, the new store will serve as the anchor of Boynton Beach Marketplace, a 69,204-square-foot shopping center that Atlanta-based SJC Ventures is developing in South Florida’s Palm Beach County. The new Whole Foods’ product assortment will feature more than 1,500 local items from Florida, including beer, wine, meats, seafood, cheeses, baked goods and health and wellness merchandise. Founded in 1980, Austin-based Whole Foods operates more than 530 stores across the United States, Canada and the UK.

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DevelopmentLoansMultifamilyNew JerseyNortheastTop Stories

Kennedy Wilson Provides $175M Construction Loan for KRE Group’s 49-Story Apartment Tower in Jersey City

by John Nelson

JERSEY CITY, N.J. — Beverly Hills, Calif.-based Kennedy Wilson has provided a $175 million senior construction loan for the development of Artwalk Towers, a 49-story apartment high-rise project in Jersey City. Locally based KRE Group is the developer behind the new multifamily tower, which will comprise 595 units in the city’s Journal Square neighborhood. KRE Group, which has developed more than 1,800 apartments in Journal Square across multiple projects, expects to complete Artwalk Towers by fourth-quarter 2027. Mark DeLillo, Marc Schulder, Lee Spiegelman, Felipe Marin and Eli Zaoutis of BlueGate Partners arranged the construction loan and represented the private family that sold the land. Upon completion, Artwalk Towers will feature a street connector to a PATH train station, resort-style pool, barbecue area, gym, coworking spaces and a sky lounge with views of the New York City skyline. “We are excited to close on our first loan with [KRE Group], which has a proven track record of delivering top-tier projects that meet the needs of the area’s residents,” says Thomas Whitesell, head of Kennedy Wilson’s debt investment group. “The Artwalk Towers loan aligns with our strategy to support transformative multifamily developments in urban areas.” Whitesell says that the firm’s debt investment group …

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Constellation-Rosslyn-Houston
DevelopmentIndustrialTexas

Constellation to Develop 284,960 SF Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Constellation Real Estate Partners has acquired 23.3 acres at 11891 N. Houston Rosslyn Road on the city’s northwest side for the development of a 284,960-square-foot industrial project. The development, which will be known as Constellation Rosslyn, will feature 36-foot clear heights and parking for 172 cars and 78 trailers, as well as 1.7 acres for additional trailer parking or outdoor storage. Construction is scheduled to begin before the end of the year and to be complete in the third quarter of 2025.

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DevelopmentRetailTexas

GBT Realty Breaks Ground on 42,000 SF Retail Project in Kyle, Texas

by Taylor Williams

KYLE, TEXAS — GBT Realty Corp., a developer based in metro Nashville, has broken ground on The Shops at The Brick & Mortar District, a 42,000-square-foot shopping in the southern Austin suburb of Kyle. A 23,250-square-foot Sprouts Farmers Market will anchor the center, which will be situated within the 2,200-acre Plum Creek master-planned development. BRR Architecture is designing the grocery store, and MJM Architects is designing the retail shops. Arch-Con is the general contractor. Completion is slated for late next summer.

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DevelopmentMultifamilyNew YorkNortheast

Baxter Development, Rieger Homes Complete 104-Unit Apartment Complex in Marlboro, New York

by Taylor Williams

MARLBORO, N.Y. — A partnership between Baxter Development and Rieger Homes has completed Hudson West, a 104-unit apartment complex in Marlboro, about 80 miles north of New York City. Hudson West comprises five buildings that house 84 two-bedroom units and 20 three-bedroom units. Residences range in size from 1,100 to 1,400 square feet. Amenities include a fitness center, clubroom and outdoor green space. Rents start at $2,500 per month for a two-bedroom apartment. Hudson West was 70 percent preleased at the time of completion.

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DevelopmentIndustrialSouth CarolinaSoutheast

Frampton to Construct 300,000 SF Industrial Facility in Early Branch, South Carolina for Le Creuset

by John Nelson

EARLY BRANCH, S.C. — Frampton Construction plans to build a new 300,000-square-foot distribution facility in Early Branch for Le Creuset of America, a kitchen supply retailer that operates boutique and outlet stores around the country. Set for completion in late 2025, the facility will feature space for bulk and direct-to-consumer distribution, general storage and a two-story designated office space spanning 22,000 square feet with amenities including locker rooms, a kitchen/breakroom, outdoor patio with a grill and a stone walking path surrounding a pond. The space will also feature a lobby and a 2,180-square-foot storefront that will display Le Creuset’s cookware. The build-to-suit facility will sit on 62 acres along Bob Gifford Boulevard and consolidate the tenant’s operations in the area, as well as create 30 new jobs. Architect McMillan Pazdan Smith designed the facility to be expandable by 120,000 square feet.

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