Development

Paragon Services Completes Renovation of 450-Unit Multifamily Community in The Woodlands

by Taylor Williams June 24, 2020

THE WOODLANDS, TEXAS — General contractor Paragon Services Inc. has completed renovations of Boardwalk at Town Center, a 450-unit multifamily community in The Woodlands, roughly 30 miles north of Houston. The project began in fall 2018. Units at the property now feature wood-style plank flooring, quartz countertops, stainless steel appliances and brushed nickel hardware. The renovations also delivered upgrades to the amenity spaces, which include two pools, a game room, rooftop lounge, business center, fitness studio, coffee bar, pet park and a clubroom with a gourmet kitchen.

June 24, 2020

Development Industrial Texas

Archway Properties Breaks Ground on 28,222 SF Industrial Project in Odessa

by Taylor Williams June 24, 2020

ODESSA, TEXAS — Houston-based developer Archway Properties has broken ground on a 28,222-square-foot industrial project in the West Texas city of Odessa. The project will be a build-to-suit for TEAM Inc., an engineering services firm based in metro Houston, and will feature 21,222 square feet of warehouse and light manufacturing space and 7,000 square feet of office space. Completion is slated for December.

June 24, 2020

Development Indiana Midwest Multifamily Seniors Housing

Discovery Senior Living to Complete Multi-Million-Dollar Renovation of Indianapolis Community

by Kristin Harlow June 24, 2020

INDIANAPOLIS — Discovery Senior Living has unveiled plans for a multi-million-dollar capital investment and renovation of Discovery Commons at College Park, a 116-unit independent living community located in Indianapolis. The multi-phase project will include interior and exterior improvements. The initial phase will include new seating and gathering areas, including an upgraded lobby. Interior enhancements will also include renovated bathrooms, new flooring, lighting, furniture and décor as well as a new color palette. The initial phase is underway with completion slated for late summer. The second phase calls for a renovation of the dining room, enhancements to the community’s kitchen and design upgrades for the resident corridors and library. New furniture for both the interior and exterior of the community will be included in the second phase, which is set to begin late this year. Discovery has owned and operated the property since July 2019. Discovery Design Concepts is leading the interior design aspect of the project.

June 24, 2020

Development Industrial Nevada Western

Panattoni Acquires Industrial Development Site Near Las Vegas for $25.5M

by Amy Works June 24, 2020

HENDERSON, NEV. — Panattoni Development Co. has purchased 38.8 acres of undeveloped land, located at the southeast corner of Bermuda Road and St. Rose Parkway in the West Henderson submarket, for $25.5 million. Panattoni plans to construct a build-to-suit industrial asset on the property for an undisclosed tenant. The project is located within South 15 Airport Center, a 211-acre industrial complex. Dan Doherty, Paul Sweetland, Chris Lane and Jerry Doty of Colliers International’s Doherty Industrial Group represented Panattoni on the transaction. The name of the seller was not released.

June 24, 2020

Development Multifamily New Mexico Western

Goodman Realty Group to Develop 199-Unit Apartment Community in Albuquerque

by Amy Works June 24, 2020

ALBUQUERQUE, N.M. — Goodman Realty Group plans to develop a four-story multifamily community located within Winrock Town Center in Albuquerque. Situated on 3.3 acres, the 146,000-square-foot property will feature 199 apartments, a game room, lounge, industrial kitchen, paw spa, fitness center, courtyard and secured parking, as well as the amenities available at Winrock Town Center. Construction of the $45 million project is slated to begin in fourth-quarter 2020, with completion expected in third-quarter 2022. The development team includes DPS Architects and Albuquerque-based Goodman Realty Group as developer and owner.

June 24, 2020

Development Florida Industrial Southeast

Ace Hardware to Relocate Distribution Center in Metro Tampa, Add 315,000 SF to Industrial Footprint

by Alex Tostado June 23, 2020

PLANT CITY, FLA. — Ace Hardware will relocate its distribution center to Plant City, which will allow the Oak Brook, Ill.-based retailer to add 315,000 square feet to its retail support center. Ace Hardware expects construction to begin in October 2020 with completion slated for November 2021. The general contractor, County Line Farms One LLC, says an estimated 200 construction jobs will be created for the project. Ace Hardware has operated its retail support center in Tampa since 1977. The retail support center currently supports 200 Ace Hardware locations in Florida. The company plans to add 40 jobs to the Plant City location to meet business needs.

June 23, 2020

Development Georgia Multifamily Seniors Housing Southeast

Vitality Living, Hillpointe to Build 332-Unit Seniors Housing Community in Madison, Georgia

by Alex Tostado June 23, 2020

MADISON, GA. — Vitality Living has formed a development partnership with Hillpointe LLC to build Vitality Living Madison, which is currently under construction. Upon full buildout, the project will feature 332 units of seniors housing in Madison, which is approximately 60 miles east of downtown Atlanta. Located on 73 acres, Vitality Living Madison will be built in phases. Phase I will feature a mix of two-bedroom independent living villas and one-bedroom apartments, as well as amenities including a fitness center. Phase II will add assisted living and memory care units to the development. A leasing center is already open in advance of the scheduled opening late this year. This will be Vitality’s first community in Georgia. The operator currently has seniors housing assets in Tennessee, Alabama, Texas and Florida.

June 23, 2020

Development Northeast Office Pennsylvania

Oliver Tyrone Pulver Plans to Develop 700,000 SF Office Building in Philadelphia

by Alex Patton June 23, 2020

PHILADELPHIA — Oliver Tyrone Pulver Corp., a metro Philadelphia-based developer, plans to build a 700,000-square-foot office building in the Center City area of Philadelphia. The 30-story building will be located adjacent to City Hall at 1301 Market St. and will feature 25,200 square-foot plates on the lower floors and 17,000-square-foot plates on the upper floors. Amenities will include a 10,000-square-foot fitness center, outdoor terraces, a café, bike lockers, conference rooms, casual workspaces and a two-story, glass-enclosed marble lobby. Construction is slated to be completed in 2023. JLL will lead the leasing program at the building.

June 23, 2020

Development Florida Healthcare Office Southeast

Stevens Construction Breaks Ground on 27,773 SF Medical Facility in Naples, Florida

by Alex Tostado June 23, 2020

NAPLES, FLA. — Stevens Construction has broken ground on Executive Medical Center, a planned 27,773-square-foot healthcare facility in Naples. The first floor of the three-story building will feature medical offices, exam rooms and an MRI machine. The second floor will offer medical office space that will be available for lease beginning in March 2021. The third story will include an ambulatory surgery center with operating and outpatient rooms. The facility will be located at 4513 Executive Drive, adjacent to two medical office buildings and 13 miles north of downtown Naples. A timeline for completion was not disclosed.

June 23, 2020

Development Multifamily Northeast Pennsylvania

Milhaus Underway on Phase II of $75M Multifamily Project in Pittsburgh

by Alex Patton June 23, 2020

PITTSBURGH — Milhaus, an Indianapolis-based developer, is underway on Phase II of Arsenal 201, a $75 million multifamily project in the Lawrenceville neighborhood of Pittsburgh. Located at 147 39th St., the project will add 343 apartment units in studio, one-, two- and three-bedroom floor plans to the existing 243 units. Amenities will include a fitness center, dog park and pet spa, outdoor kitchen, community courtyard and a pool. Ten percent of the units will be designated as affordable to residents earning 50 percent or less of the median area income. CrossHarbor Capital Partners, Citizens Bank, First Merchants Bank and Commonwealth Bank provided debt and equity financing for the project. Dwell Design Studio designed the project, and Franjo Construction is the general contractor. Construction is slated to be complete in summer 2022.

June 23, 2020

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