Development

Realty Capital Management Acquires 77 Acres for Mixed-Use Project in Mansfield, Texas

by Taylor Williams August 14, 2020

MANSFIELD, TEXAS — Realty Capital Management has acquired 77 acres in the Fort Worth suburb of Mansfield for the development of Watson Branch, a mixed-use project. Preliminary plans call for 10,000 square feet of retail and restaurant space, 250 single-family homes, a 190-unit active adult community by Greystar, a 350-unit apartment complex by Trinsic Residential and a 10-acre public park. Louisiana-based First Guaranty Bank partnered with Dallas-based Realty Capital Partners to finance the acquisition of the land.

August 14, 2020

Development Industrial Texas

Talley Riggins Breaks Ground on 83,000 SF Industrial Building in Dallas

by Taylor Williams August 14, 2020

DALLAS — General contractor Talley Riggins Construction Group has broken ground on an 83,000-square-foot industrial building at 8480 Esters Blvd., north of DFW International Airport in Dallas. Designed by Blackbird Studio Architects, the building will be situated within a 340,000-square-foot development and is scheduled for completion in the fourth quarter. PS Business Parks Inc. is the developer. Stream Realty Partners is providing construction management services.

August 14, 2020

Development New York Northeast Office

Rudin Management to Renovate 1.2 MSF Office Building in Manhattan’s Financial District

by Taylor Williams August 14, 2020

NEW YORK CITY — Locally based investment firm Rudin Management Co. will renovate 80 Pine Street, a 1.2 million-square-foot office building located in Manhattan’s Financial District. The project will upgrade the lobby and mechanical systems and implement various measures to promote health and wellness, including heightened air filtration and circulation and touchless entry systems. JLL will handle leasing of the redeveloped property.

August 14, 2020

Alabama Development Industrial Southeast

Mazda Toyota Manufacturing to Invest Additional $830M in Huntsville Plant

by Alex Tostado August 14, 2020

HUNTSVILLE, ALA. — Mazda Toyota Manufacturing will invest an additional $830 million in its automotive plant in Huntsville. The two automakers originally formed a joint venture and announced the project in 2018. The total cost of the facility is now $2.3 billion, and the joint venture plans to train and house up to 4,000 employees at the property, having hired 600 employees to date. The new facility will have the capacity to produce up to 150,000 units of a future Mazda crossover model and up to 150,000 units of the Toyota SUV each year. The plant is situated 14 miles from Toyota’s existing manufacturing facility. Production is expected to begin in early 2021 with construction on roofing, siding, floor slabs, ductwork, fire protection and electrical now more than 75 percent complete.

August 14, 2020

Affordable Housing Development Multifamily Southeast Virginia

Woda Cooper to Develop Affordable Housing Complex in Portsmouth, Virginia

by Alex Tostado August 14, 2020

PORTSMOUTH, VA. — Woda Cooper Cos. will develop Holley Pointe, a 50-unit affordable housing complex in Portsmouth. The Columbus, Ohio-based developer expects the project to cost $10.9 million and to be complete in summer 2021. The Virginia Housing Authority provided Low-Income Housing Tax Credits to support the development, which will offer two- and three-bedroom floor plans. The community will be open to families, singles and seniors earning 80 percent or less of the area median income (AMI). Rents are projected to range from $710 and $1,135 per month. In addition, there will be 6,500 square feet of commercial space on the ground level. Hooker DeJong Architecture designed the building, Hoggard-Eure Associates is the civil engineer and Woda Construction Inc. is the general contractor. Woda Cooper’s management division will oversee day-to-day operations.

August 14, 2020

Development Florida Hospitality Southeast

St. Joe, BRW MidGrove to Build Boutique Hotel in Panama City Beach

by Alex Tostado August 14, 2020

PANAMA CITY BEACH, FLA. — The St. Joe Co. and BRW MidGrove LLC will build The Lodge 30A, a boutique hotel in Panama City Beach. The property will be situated on Scenic County Highway 30A adjacent to the planned mixed-use development Greenway Station. Amenities at the three-story hotel will include a fitness center and a pool. St. Joe Resort Operations LLC will manage the property. Site development on The Lodge 30A is expected to begin immediately, and the parties anticipate the hotel will open in early 2022.

August 14, 2020

Development Industrial Kansas Midwest

Great Plains, Kubota Unveil Plans for $53M Expansion Project in Salina, Kansas

by Kristin Harlow August 14, 2020

SALINA, KAN. — Great Plains Manufacturing Inc., a wholly owned subsidiary of Kubota North America Corp., has unveiled plans for a $53 million expansion project and 750,000-square-foot building purchase. The effort is to further invest in the company’s Salina operations in support of growing demand for Kubota construction equipment. The existing building will become available for occupancy after July 2021. The company plans to launch operations by the end of 2021 in a phased-in approach. Great Plains expects to add approximately 130 new manufacturing jobs to its existing 1,450-person Kansan employee base.

August 14, 2020

Development Healthcare Kansas Midwest

McCarthy Completes $21M Johnson County Medical Examiner Facility in Kansas

by Kristin Harlow August 14, 2020

OLATHE, KAN. — McCarthy Building Cos. Inc. has completed construction of the new Johnson County medical examiner facility in Olathe. The 32,000-square-foot, single-story building is located at 11894 S. Sunset Drive in the heart of the Johnson County Government Campus. The $21 million project was designed to meet the highest standards of the National Association of Medical Examiners. The facility will help increase autopsy rates and provide data for public health officials to assist in identifying trends and emerging diseases. The project team included PGAV Architects, SmithGroup, Henderson Engineering, McClure Engineering and Confluence.

August 14, 2020

Development Illinois Midwest Office

J.C. Anderson Renovates 53,111 SF Office for ReaderLink in Oak Brook, Illinois

by Kristin Harlow August 14, 2020

OAK BROOK, ILL. — J.C. Anderson has completed office renovations totaling 53,111 square feet for ReaderLink at The Crossings in Oak Brook. J.C. Anderson added private offices, open office cubicles, coffee stations, private restrooms, conference rooms and a meeting space. The work was completed in phases. ReaderLink distributes hardcover, trade and paperback books to booksellers in North America. Ware Malcomb served as architect. JLL oversaw construction management. The office is located at 1420 Kensington Road.

August 14, 2020

Arizona Development Industrial Western

VanTrust Buys 76.4-Acre Site Along Loop 303 in Arizona, Plans 660,000 SF Industrial Park

by Amy Works August 14, 2020

GLENDALE, ARIZ. — VanTrust Real Estate has purchased 76.4 acres of land along the Loop 303 corridor at Sarival Road and Maryland Avenue in Glendale. The company plans to break ground on a 660,000-square-foot speculative industrial building on the site in October. Upon completion, scheduled for June 2021, the facility will feature 40-foot clear heights, clerestory glass for natural light and ample auto and trailer parking, as well as access to Loop 303, Northern Parkway and Interstate 10. Jim Wilson of Cushman & Wakefield is marketing the property. Terms of the acquisition were not released.

August 14, 2020

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