Development

Shapell Liberty Investment Completes Retail Component of Vineyards at Porter Ranch Mixed-Use Center in Los Angeles

by Amy Works June 19, 2020

LOS ANGELES — Shapell Liberty Investment Properties has completed the lifestyle and entertainment portions of The Vineyards at Porter Ranch, a $150 million mixed-use development in Los Angeles’ Porter Ranch neighborhood. AO Architects designed this portion of The Vineyards, which features 273,000 square feet of open-air, mixed-use space at 20000-20250 W. Rinaldi St. The pedestrian-friendly development includes a main street, central green area for community events and a 4,000-square-foot community meeting room. Current tenants of the property include Whole Foods Market, AMC Theaters, Ulta Beauty, Nordstrom Rack, Gus’s Barbeque, Lure Fish House and Finney’s Crafthouse & Kitchen. The project team included Mike Lebeman of JLL’s Project and Development Services group and Moorefield Construction. The full development includes a recently completed, three-story medical office building occupied by Kaiser Permanente, a 100-room Hampton Inn & Suites slated for completion in 2021 and a 266-unit apartment community scheduled to open this fall.

June 19, 2020

Acquisitions California Development Multifamily Western

3650 REIT Originates $36M Loan for Acquisition, Redevelopment of Manufactured Housing Asset in Los Angeles

by Amy Works June 19, 2020

LOS ANGELES — 3650 REIT has originated a $36 million bridge loan for the acquisition and redevelopment of Hollywood Backlot Homes, a 10-acre manufactured housing community in Los Angeles’ North Hollywood submarket. The borrower is Multi Opp, a joint venture between real estate development firms Dugally Oberfeld Capital Partners and Fabulous Five LLC. Situated within an Opportunity Zone at 8250 Lankershim Blvd., the buyers will operate Hollywood Backlot Homes as a detached multifamily rental community aimed at fulfilling demand for attainable housing options in the Los Angeles market. Multi Opp plans to design and install nearly 140 manufactured homes on the site to create a master-planned community. On-site amenities will include an outdoor swimming pool, clubhouse, gym, billiards and gaming center, dog runs, barbeques, outdoor lounging area and gated entry.

June 19, 2020

Development Midwest Missouri Retail

Tarlton to Serve as General Contractor for Tower Tee Project in St. Louis

by Kristin Harlow June 19, 2020

ST. LOUIS — Tarlton Corp. is serving as the general contractor for the reimagining of Tower Tee in St. Louis. Plans call for a 27-acre golf and recreation complex. Originally opened in 1963, Tower Tee was home to batting cages, an 18-hole golf course, a driving range and miniature golf. In 2018, the owners closed the business. Steve Walkenbach of Scottrade purchased the site in May 2019. The new Tower Tee Golf Complex will feature a 6,000-square-foot clubhouse, two single-level driving ranges, a two-story driving range, covered practice tee boxes, a nine-hole golf course, an outdoor training area, concession area and two outdoor pavilions. Non-golfers can enjoy a miniature golf course, bocce courts and batting cages. Construction is expected to begin in July with completion slated for next year. FGM Architects is the project architect. Art Schaupeter, a member of the American Society of Golf Course Architects, designed the new nine-hole course.

June 19, 2020

Development Illinois Industrial Midwest

Seefried to Develop 163,000 SF Industrial Project in Elk Grove Village, Illinois

by Kristin Harlow June 19, 2020

ELK GROVE VILLAGE, ILL. — Seefried Industrial Properties has acquired an 8.8-acre site in Elk Grove Village with plans to develop a two-building industrial project spanning 163,000 square feet. The speculative development, situated in the Centex Industrial Park near O’Hare International Airport, will feature a clear height of 32 feet, 24 docks, eight trailer positions and 175 car parking spaces. Jonathan Kohn and Ron Behm of Colliers International represented Seefried in the land assemblage. The project team includes Harris Architects, Jacob & Hefner and Premier Design + Build. Completion is slated for the first quarter of 2021.

June 19, 2020

Development Retail South Carolina Southeast

Stellar Completes $2.7M Mall Renovation on Military Base in Beaufort, South Carolina

by John Nelson June 19, 2020

BEAUFORT, S.C. — The Stellar Group has completed the $2.7 million renovation of Marine Corps Exchange (MCX) on the Marine Corps Air Station in Beaufort. Stellar upgraded the 16,000-square-foot mall and food court, as well as the adjacent 6,500-square-foot fueling station. MCX carries items needed for a quick one-stop shopping experience for personnel, including men’s and women’s athletic wear, athletic shoes, beauty aids, personal care, military gifts and electronics. The United States Marine Corps Non-Appropriated Funds (NAF) and Appropriated Funds (APF) provided the capital for the design and construction of the renovation. U.S. Army Installation Management Command (IMCOM) managed the contract.

June 19, 2020

Development Industrial Texas

Trammell Crow Breaks Ground on 850,000 SF Amazon Fulfillment Center in Metro Houston

by Taylor Williams June 18, 2020

RICHMOND, TEXAS — Dallas-based Trammell Crow Co. has broken ground on an 850,000-square-foot fulfillment center for Amazon in Richmond, a southwestern suburb of Houston, a project that is expected to bring about 1,000 new jobs to the region. The property will be situated on 93.5 acres at 10507 Harlem Road and is expected to open in 2021. Ware Malcomb is designing the project, and Graycor Construction Co. is the general contractor. Other project partners include engineering firms HAS & Associates, Langan Engineering, Jordon & Skala Engineers and Harrington Group Inc. Tony Patronella and Jeanie Gibbs of locally based firm Read King represented the seller of the land. Stephen Schneidau of Cushman & Wakefield and Matt O’Brian of KBC Advisors represented the buyer.

June 18, 2020

Development Industrial South Carolina Southeast

Sudler to Develop 172-Acre Fox Hill Business Park in Upstate South Carolina

by Alex Tostado June 18, 2020

FOUNTAIN INN, S.C. — The Sudler Cos. will develop Fox Hill Business Park, which will span 172 acres at full buildout, in Fountain Inn. Sudler will break ground on the first spec property, a 206,410-square-foot building, this quarter. The building will feature 32-foot clear heights and trailer parking. The Chatham Township, N.J.-based developer expects to deliver the property in spring 2021. Fox Hill will be situated at 189 Milacron Drive, 19 miles southeast of downtown Greenville. Grice Hunt, Ford Borders and Clay Williams of NAI Earle Furman LLC will handle leasing and marketing efforts on behalf of the owner.

June 18, 2020

Affordable Housing Development Florida Multifamily Southeast

Housing Trust Group Breaks Ground on 96-Unit Affordable Housing Community in Broward County

by Alex Tostado June 18, 2020

HOLLYWOOD, FLA. — Housing Trust Group (HTG) has broken ground on Hudson Village, a 96-unit affordable housing community in Hollywood. The units will be reserved for residents earning 30, 60 and 70 percent of the area median income (AMI), with rents ranging from $501 to $1,403. The property will offer one- and two-bedroom floor plans, and each unit will feature a balcony. Communal amenities will include a pool, 6,000-square-foot pool deck, clubhouse, media center, fitness center, bike storage and a three-story parking garage with 122 parking spaces. Residents will also have access to an adult literacy program, employment assistance program and a financial management program. The asset is situated at 901 S. Federal Highway, about 8 miles south of Fort Lauderdale. The project design and construction team for Hudson Village includes general contractor HTG Gomez Construction, LLC; engineering firm Thomas Engineering; architecture firm Corwil Architects; and landscape architects Witkins & Hultz. Chase Bank has provided a $27.9 million construction loan, Raymond James provided $26 million in 9 Percent Low Income Housing Tax Credits from Florida Housing Finance Corp. and Walker & Dunlop originated a $9.8 million Freddie Mac loan on behalf of the borrower. HTG expects to open the property …

June 18, 2020

Development Illinois Midwest Office

General Contractor Summit Opens New Headquarters in Chicago’s Fulton Market

by Kristin Harlow June 18, 2020

CHICAGO — Summit Design + Build LLC has completed the construction of 1040 W. Fulton, a five-story, 42,000-square-foot office building in Chicago’s Fulton Market district. Floors four and five will serve as the new headquarters for Summit. The project also features ground-floor retail space, a green roof and basement parking. Summit used heavy timber construction for the project. The building is the first multi-story mass timber building in the city of Chicago in 50 years, according to Summit. The project team included Hartshorne Plunkard Architecture, Eastlake Studio, Carr Realty Advisors, IMEG Corp., Weaver Consultants Group and WT Engineering. Chad Schroedl, Scott Maesel and Drew Dillon of SVN Chicago Commercial are the building’s leasing agents. First Bank of Highland Park provided construction financing.

June 18, 2020

Development Illinois Industrial Midwest

Meridian Design Build Completes Construction of 358,879 SF Spec Industrial Building in Chicago

by Kristin Harlow June 18, 2020

CHICAGO — Meridian Design Build has completed construction of a 358,879-square-foot speculative industrial building in the city of Chicago. NorthPoint Development was the developer. The new facility sits on a 31.2-cre site. StudioNorth Architecture and Jacob & Hefner Associates made up the project team. Meridian and NorthPoint worked together to maximize participation by businesses owned by minorities and women for the project. The new building is the first within NorthPoint’s $164 million, 200-acre Avenue O Industrial Park. The park is a redevelopment of the Republic Steel site that has been vacant for more than two decades. Plans call for 2.3 million square feet of industrial development.

June 18, 2020

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