Development

Doster Construction Delivers 296-Unit Multifamily Community Near Memphis

by Alex Tostado June 26, 2020

FOREST HILL, TENN. — Doster Construction Co. has delivered Springs at Forest Hill, a 296-unit multifamily community in Forest Hill. Designed by Phillips Partnership, the property offers studio through three-bedroom floor plans. Communal amenities include a pool, fitness center, clubhouse, car care center, grilling area and package services. Springs at Forest Hill is located at 3750 Moraine St., 22 miles east of downtown Memphis. Birmingham, Ala.-based Doster began construction in summer 2018 on behalf of the developer, Continental Partners.

June 26, 2020

Development Indiana Midwest Multifamily

Milhaus Opens $30.4M Apartment Project in Downtown Indianapolis

by Kristin Harlow June 26, 2020

INDIANAPOLIS — Milhaus has opened Grid, a $30.4 million apartment project located at 520 E. Washington St. in downtown Indianapolis. Grid includes 175 apartment units and 175 car parking spaces. Amenities include coworking spaces, multiple fitness areas, an outdoor courtyard, bark park, pet spa, coffee bar and resident lounge. The property serves as Milhaus’ first opportunity zone investment in the U.S. Milhaus says that Grid’s prominent location in the Cole Noble neighborhood served as inspiration for the property name. Indianapolis was originally plotted on a grid structure upon its founding in 1820. Local artist Jackie Head created a mural for the northwest corner of the building. The project team included KTGY Architecture + Planning, Civil & Environmental Consultants Inc. and DkGr.

June 26, 2020

Development Illinois Midwest Multifamily Seniors Housing

High Street Residential Completes 169-Unit Active Adult Community in Evanston, Illinois

by Kristin Harlow June 26, 2020

EVANSTON, ILL. — High Street Residential, a subsidiary of Trammell Crow Co., has completed Avidor Evanston, a 169-unit active adult community in Evanston. The community, reserved for residents 55 years of age or older, offers a mix of one- and two-bedroom units. Amenities include a bistro bar, business center, activity center, pet spa, dog run, fitness center, theater room and chef’s kitchen. On the 18th floor, residents have access to a rooftop deck with a pool and fire pits. Daily activity offerings include fitness classes, game nights, cooking classes and community happy hours. Allegro Management Co. operates the property.

June 26, 2020

Affordable Housing Development Midwest Multifamily Ohio

NRP Group to Build 52-Unit Affordable Housing Project in Cleveland

by Kristin Harlow June 26, 2020

CLEVELAND — The NRP Group will develop a 52-unit affordable housing project on the site of the former Harry E. Davis Elementary School, which has been vacant since 2006. Located at the corner of East 105th St. and Churchill Road in Cleveland’s Glenville neighborhood, the four-story project will include 48 apartments and four townhomes. The project is the first phase of a larger development known as Churchill Gateway. The units will be designated affordable to residents earning at or below 60 percent of the area median income. NRP is also developing a 2,500-square-foot community outreach center at the site. The center will focus on health education and workforce training. Project partners include the City of Cleveland, Cuyahoga Metropolitan Housing Authority, Cleveland Metropolitan School District and University Hospitals. The Ohio Finance Housing Agency allocated housing tax credits for the project. Churchill Gateway is expected to be complete in fall 2022.

June 26, 2020

Development Industrial Midwest Wisconsin

Zilber Property Group Breaks Ground on 23,359 SF Spec Industrial Building in Kenosha

by Kristin Harlow June 26, 2020

KENOSHA, WIS. — Zilber Property Group has broken ground on a 23,359-square-foot speculative industrial building within the Business Park of Kenosha in Southeast Wisconsin. Known as Zilber Industrial 4, the facility will feature a clear height of 24 feet, two dock positions, one drive-in door and 26 car parking spaces. Completion is slated for this fall. The project team includes Partners In Design Architects, Riley Construction and Pinnacle Engineering Group. Sergio Chapa and Michael Prost of Newmark Knight Frank will market the building for lease.

June 26, 2020

Data Centers Development Industrial Texas

Equinix Completes $142M Expansion Project at Dallas Infomart Data Center

by Taylor Williams June 26, 2020

DALLAS — Equinix (NASDAQ: EQIX), a global provider of data colocation services, has completed a $142 million expansion project at its Dallas Infomart Data Center campus. The California-based company’s Dallas campus is located at 1950 N. Stemmons Freeways, spans roughly 1.6 million square feet and offers a power capacity of 60 megawatts. The project represents that first phase of a larger development and provides 72,000 square feet of colocation space for data storage. Future expansion phases may provide as much as 144,000 square feet of colocation space. Equinix purchased the property in 2018 from ASB Real Estate Investments for roughly $800 million.

June 26, 2020

Development Industrial Self-Storage Texas

Advantage, Forge Break Ground on 278-Unit Self-Storage Expansion Project in Corsicana, Texas

by Taylor Williams June 26, 2020

CORSICANA, TEXAS — Advantage Construction and Forge Building Co. have broken ground on a 278-unit expansion project at Mini-West Storage, a self-storage facility located in Corsicana, about 50 miles south of Dallas. The project will add 39,500 net rentable square feet of climate- and non-climate-controlled space to the facility, which originally opened in 1987 and now features approximately 700 units. Texas Community National Bank provided construction financing for the project, which is expected to be complete in December.

June 26, 2020

Northside-Independent-School-District-San-Antonio

Civic Development Texas

Adolfson & Peterson to Build $22.1M Civic Project for Northside ISD in San Antonio

by Taylor Williams June 26, 2020

SAN ANTONIO — General contractor Adolfson & Peterson Construction has been awarded the contract to build the Northside Independent School District’s Marshall Law and Medical Services Magnet High School in San Antonio, a project valued at $22.1 million. The project includes an 80,000-square-foot addition to the main high school, adding a new magnet school for law and medical services, new soccer and softball fields and a parking lot. In addition, the project will include renovations to the career and technology building and administration area. Completion is scheduled for November 2021. Pfluger Architects is designing the project.

June 26, 2020

Development Hawaii Multifamily Seniors Housing Western

Highridge Costa Completes 13-Story Affordable Seniors Housing Tower in Oahu, Hawaii

by Amy Works June 26, 2020

KAPOLEI, HAWAII — Highridge Costa, in partnership with Honolulu-based Coastal Rim Properties, has completed the first phase of Hale Moena Kupuna, a $130 million affordable seniors and multifamily rental community in Kapolei on the island of Oahu. The first phase is a 13-story high-rise designated for seniors, featuring 153 affordable apartments in a mix of studio, one- and two-bedroom floor plans. Upon full build-out, the three-phase Hale Moena Kupuna will offer two 13-story residential towers with ground-level retail and commercial space. Communities amenities include a community meeting room, picnic area and a community workspace with high-speed internet access. The development is being financed with a combination of tax-exempt bonds, tax credit equity and a $10.7 million rental housing revolving fund loan from the Hawaii Housing Finance and Development Corp. Citibank is serving as the construction lender and Aegon is the tax credit investor.

June 26, 2020

LogistiCenter-Southport-West-Sacramento-CA

California Development Industrial Western

Dermody Properties Breaks Ground on 379,161 SF LogistiCenter at Southport in West Sacramento

by Amy Works June 26, 2020

WEST SACRAMENTO, CALIF. — Dermody Properties has broken ground on LogistiCenter at Southport, cross-dock industrial building situated on 22.7 acres in West Sacramento. The company is working with Deacon Construction as general contractor and local development partners Tom Schaal and Mark Heavey to develop the 379,161-square-foot property within Southport Business Park. Slated for completion in first-quarter 2021, the building will offer 36-foot clear heights, 58 dock-high doors, four drive-in doors, 106 trailer stalls, 222 car parking stalls and a 135-foot truck court. Plans also include an ESFR fire protection system and a seven-inch concrete floor with concrete tilt walls, as well as a build-to-suit office space.

June 26, 2020

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