Development

Spectrum, Invesco Break Ground on Mixed-Use Development in Charlotte’s South End

by Alex Tostado July 26, 2019

CHARLOTTE, N.C. — A joint venture between Spectrum Cos. and Invesco Real Estate has broken ground on a mixed-use development that will span five acres in Charlotte’s South End. The project will include two 11-story office buildings, an urban park with event space, restaurants, retail space and a 200-room hotel. The project will be located one block from the Carson light rail stop in South End and two blocks from Uptown. The two office towers will total 577,000 square feet of space and offer a fitness center, conference center and private terraces. LendingTree, an online lending marketplace, will anchor the development, moving its headquarters into 175,000 square feet in the first office building, which is set to be complete in January 2021. Construction on the hotel is expected to begin in summer 2020 and be delivered in late 2021.

July 26, 2019

Development Multifamily Texas

Wood Partners Breaks Ground on 364-Unit Multifamily Project in Houston

by Taylor Williams July 26, 2019

HOUSTON — Wood Partners, a multifamily development and investment firm with offices around the country, has broken ground on Alta River Oaks, a 364-unit multifamily project in Houston. Located at 3636 W. Dallas St., the property is situated near an array of shopping and dining establishments, as well as the Buffalo Bayou hiking and jogging trails. Floor plans will consist of one-, two- and three-bedroom units with stainless steel appliances, quartz countertops, custom backsplashes and individual washers and dryers. Amenities will include a pool, fitness center and outdoor kitchen areas. Alta River Oaks is slated to open in the fourth quarter of 2020.

July 26, 2019

Colorado Development Hospitality Western

Hyatt to Develop Colorado’s First Thompson Hotels Property in Denver

by Amy Works July 26, 2019

DENVER — Hyatt Hotels Corp. plans to develop Thompson Denver, the first Thompson Hotels property in the state of Colorado. Slated to open in 2021, Thompson Denver will be located at 1600 Market St. in Denver’s LoDo district. T2 Hospitality is developing the 11-story hotel as a modern-day chalet. Denver-based DLR Group is designing the property, with interiors by Parts + Labor, in collaboration with the Thompson Hotels design team. The hotel will features 216 guestrooms, including 15 luxury suites and the signature Thompson Suite on the seventh floor; a grab-and-go café, which converts to a bar and lounge in the evening; and a 90-seat, ground-floor restaurant. Additionally, the hotel will feature an indoor/outdoor terrace with a 140-person lounge and bar area, and function and meeting spaces.

July 26, 2019

Development Midwest Minnesota Multifamily

Timberland Partners Opens $53.8M Apartment Community in Minneapolis

by Kristin Harlow July 26, 2019

MINNEAPOLIS — Timberland Partners has opened the $53.8 million Green on 4th apartment community in the Prospect Park neighborhood of Minneapolis. Green on 4th, or G4, features 243 units. Amenities include a rooftop deck, resident lounge, game room, yoga studio, fitness center, dog run, bike storage and automated package center. Located at 2949 4th St. SE, the project is part of the Towerside Innovation District, billed as a model of environmentally sustainable urban planning. The apartment project is a joint venture with Prospect Park Properties. Tushie Montgomery Architects served as the project architect and Frana Cos. was the general contractor.

July 26, 2019

Development Indiana Midwest Office

KTGY Architecture + Planning Designs South Bend Office Development

by Kristin Harlow July 26, 2019

SOUTH BEND, IND. — KTGY Architecture + Planning has revealed the design of the Barnes & Thornburg Building, a new office development in downtown South Bend. Law firm Barnes & Thornburg LLP will anchor the project. Co-developed by Great Lakes Capital, Bald Mountain LLC and Norris Equity Partners, the five-story building will be situated at 201 S. Main St. It marks the first downtown Class A office project in nearly 20 years. The project, consisting of 35,531 square feet of office space and 6,537 square feet of street-level retail space, is slated for completion in summer 2021.

July 26, 2019

California Development Mixed-Use Multifamily Office Retail Top Stories Western

San Francisco Planning Commission OKs Pinterest-Anchored Mixed-Use Project

by John Nelson July 26, 2019

SAN FRANCISCO — For the second time in a week, the San Francisco Planning Commission has approved a significant mixed-use development in the city’s SoMa (South of Market) district. Following its approval of the Flower Mart redevelopment project, the commission has approved a 1.1 million-square-foot mixed-use development located at 88 Bluxome St. The project, led by developers Alexandria Real Estate Equities Inc. (NYSE: ARE) and TMG Partners, is nearly 60 percent preleased. The co-developers describe 88 Bluxome as a “high-tech office and laboratory project.” Social media giant Pinterest has signed on to anchor the development with a 490,000-square-foot office lease. The Bay Club, a fitness and social club offering events and a wide range of sports classes, will also anchor the project. The 88 Bluxome campus will feature a technology and life science facility with ground-floor retail space and outdoor deck space on multiple levels of the building. The project also includes an expansion of the neighborhood’s existing Gene Friend Recreation Center, adding two swimming pools and a public activity space. Other features of 88 Bluxome will be a childcare center, a pedestrian “art walk” with commissioned pieces from internationally renowned and local artists, light industrial space available for use …

July 26, 2019

Development Florida Retail Southeast

Blackwater, Hutton Complete 161,000 SF Shopping Center Near Tampa

by Alex Tostado July 25, 2019

TRINITY, FLA. — A partnership between two developers, Alabama-based Blackwater Real Estate and Tennessee-based Hutton, has completed The Village at Mitchell Ranch, a 161,000-square-foot shopping center near Tampa. A 30,0000-square-foot Sprouts Farmers Market anchors the property, which is located at the intersection of State Route 54 and Little Road in Trinity. Other anchors include HomeGoods, Michaels, Five Below, Skechers and Ulta Beauty. Restaurant users include Burger King, Chipotle Mexican Grill and Panda Express, with more to be announced in the coming months.

July 25, 2019

Development Multifamily Oregon Western

Wood Partners Breaks Ground on 318-Unit Alta Civic Station Near Portland

by Amy Works July 25, 2019

GRESHAM, ORE. — Wood Partners has broken ground for Alta Civic Station, a multifamily property located at 1699 NW Civic Drive in Gresham, an eastern suburb of Portland. Slated to open spring 2021, Alta Civic Station will feature 318 market-rate units in a mix of studio, one-, two- and three-bedroom layouts, as well as live-work townhome-style units. Community amenities will include a community room with kitchen and social areas, fitness center, co-working, meeting space and ground-floor retail. Additionally, the project includes a half-acre public plaza adjacent to the Civic Drive MAX Light Rail station. The public plaza will feature outdoor gathering spaces and a children’s play area.

July 25, 2019

Development Office Texas

Bob Moore Construction Breaks Ground on Trade Group Headquarters in Grapevine

by Taylor Williams July 25, 2019

GRAPEVINE, TEXAS — Bob Moore Construction has broken ground on the new headquarters building in the northern Fort Worth suburb of Grapevine for The Trade Group, which provides exhibiting supplies for conventions and trade shows. The Trade Group will occupy 218,000 of the property’s 318,00 square feet upon relocating from Carrollton. Completion of the new facility is slated for mid-2020.

July 25, 2019

Development Florida Industrial Southeast

US Capital Development, USAA to Construct 303,006 SF Spec Distribution Center in Metro Tampa

by Alex Tostado July 24, 2019

SEFFNER, FLA. — US Capital Development Co. and USAA Real Estate are partnering to construct a 303,006-square-foot speculative distribution center in Seffner. The facility will be located at 6337 County Road 579, 12 miles east of downtown Tampa. The center will offer tilt-up concrete walls with more than 60 dock positions, more than 300 auto parking spaces and 36-foot clear heights. Once complete, the building will serve as distribution/warehousing space for either one or two tenants. The partners expect to break ground in August with completion slated for the second quarter of 2020. The design team includes Edwards Construction as the general contractor, JRA Architecture as the architect and Landmark Engineering as the civil engineer. Clay Witherspoon and Trey Carswell of Avison Young are the leasing agents for the property.

July 24, 2019

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