Wednesday, April 30, 2025
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DevelopmentLoansMidwestMultifamilyOhio

Hall Structured Finance Provides $21.9M Loan for Construction of River Creek Lofts Near Cincinnati

by Kristin Harlow

SOUTH LEBANON, OHIO — Hall Structured Finance (HSF) has provided a $21.9 million construction loan for River Creek Lofts, a 120-unit apartment development in South Lebanon, about 30 miles northeast of Cincinnati. Dayton-based VCARVE Constructions is the developer. The four-story project will feature amenities such as a clubhouse, outdoor pool, fitness and yoga center, dog wash station, banquet area, kitchen and coffee station. Residents will have access to multiple pickleball courts and a basketball court as well as 236 miles of walking and biking trails along the Little Miami River to Lake Erie via a pedestrian bridge. Amir Giryes of Giryes Capital Group arranged the loan.

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Crown-Centre-II-Lewisville
DevelopmentOfficeTexas

Bright Realty Completes $50M Office Project in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — Locally based developer Bright Realty has completed Crown Centre II, a $50 million office project located in the northern Dallas suburb of Lewisville. The four-story, 147,000-square-foot building is situated within Bright’s Crown Centre mixed-use development. Dallas-based Rudick Construction Group served as general contractor for the project, construction of which began in April 2023. Crown Centre will ultimately feature up to 2,000 multifamily units, 3 million square feet of office space, 500 hotel rooms and 140,000 square feet of retail, restaurant and open green space.

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Atlanta-Opera
CivicDevelopmentGeorgiaSoutheast

Atlanta Opera to Open $45M Performing Arts Venue on the BeltLine

by Hayden Spiess

ATLANTA — The Atlanta Opera will open a $45 million performing arts venue on Woodward Way along the Atlanta BeltLine. The project is a redevelopment of the historic Bobby Jones Clubhouse. Upon completion, which is scheduled for summer 2027, the development will feature a 56,000-square-foot complex with a 200-seat recital hall, administrative offices, a costume shop, film studio, rehearsal hall and garden spaces. Theater Projects and A’kustics LLC will develop the recital hall. Allen Post of architecture firm Post Loyal is leading the design of the new facility. The project is part of the Atlanta Opera’s recently launched $110 million campaign, for which core funding has already been secured. 

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10-Davkim-Lane-Nantucket
DevelopmentIndustrialMassachusettsNortheastSelf-Storage

DXD Development Breaks Ground on 667-Unit Self-Storage Facility on Nantucket

by Taylor Williams

NANTUCKET, MASS. — DXD Development has broken ground on a 667-unit self-storage facility on Nantucket, an island located off the coast of Massachusetts. SmartStop will manage the facility, which will span 96,238 net rentable square feet, including climate-controlled and vehicle storage spaces. Park East Construction Co. will serve as the general contractor for the project, which is being financed by Centreville Bank. Completion is scheduled for the third quarter of 2025.

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Windsor-8-Logistics-Center
DevelopmentIndustrialNew JerseyNortheast

Brookfield to Develop 326,087 SF Industrial Project in West Windsor, New Jersey

by Taylor Williams

WEST WINDSOR, N.J. — Brookfield Properties will develop a 326,087-square-foot industrial project in West Windsor, a northeastern suburb of Trenton. Known as Windsor 8 Logistics Center, the building will feature a clear height of 37.5 feet, 57 dock doors, two drive-in doors and parking for 163 cars and 73 trailers. Macgregor Associates Architects is designing the project, and Peak Construction Corp. is serving as the general contractor. Completion is slated for late 2025.

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DevelopmentMultifamilyNew JerseyNortheast

Fields Grade, Alpine Residential Complete Two Multifamily Projects Totaling 208 Units in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — A partnership between locally based developer Fields Grade and New York City-based Alpine Residential has completed Atlas and Starling, two multifamily projects totaling 208 units in Jersey City’s Bergen-Lafayette neighborhood. Designed by MHS Architecture and GRT Architects, respectively, Atlas totals 169 units, and Starling totals 39 units. Residences at both properties come in studio, one-, two- and three-bedroom floor plans, and both buildings also house ground-floor retail space. Monthly rents at both buildings start at about $2,700.

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DevelopmentIndustrialMidwestOhio

Geis Underway on $200M Manufacturing Facility for Viega in Shalersville, Ohio

by Kristin Harlow

SHALERSVILLE, OHIO — Geis Development is underway on the construction of a new 220,000-square-foot manufacturing facility for Viega in Shalersville, about 40 miles southeast of Cleveland. Viega works in press technology for metal pipe fittings and valves. The project is situated within Geis’ Turnpike Commerce Center. Construction began in November and is slated for completion in early 2025. The 80-acre parcel and construction of the new plant represent an investment of approximately $200 million in Ohio. Geis is collaborating with Viega’s design team to ensure that the project aligns with Viega’s sustainability goals, which include reducing the carbon emissions associated with importing products by manufacturing more items in the U.S. The new facility will be completely carbon neutral from the start, supporting the company’s long-term goal of achieving net-zero carbon emissions for all its plants by 2035.

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DevelopmentIndustrialMidwestMissouri

Keystone Construction Completes Two Corporate Headquarters Properties in Suburban St. Louis

by Kristin Harlow

CHESTERFIELD AND O’FALLON, MO. — Keystone Construction Co. has completed the corporate headquarters for both Tubular USA and SourceOne Solutions LLC in suburban St. Louis. Tubular USA, a supplier of in-line galvanized pipe and tubing, now occupies a 131,000-square-foot facility in Chesterfield that replaces two existing buildings in Weldon Spring. The project, situated within Spirit Valley Business Park, features offices, steel fabrication, warehouse space and room for future growth. Tubular’s steel products are integrated into the building’s architectural design. The project team included Gray Design Group, Stock & Associates Consulting Engineers Inc. and Knapp Engineering. The 37,500-square-foot headquarters for SourceOne Solutions is situated on a 6.4-acre site in O’Fallon. The company is involved with the design, construction, maintenance and renovation of commercial lighting solutions. The new facility was designed and constructed to allow for multiple expansions in the future. In addition to warehousing and manufacturing space, the property features 6,500 square feet of office space with a covered entry and patio, executive offices, training and conference rooms, open workstations and a café. The project team included Gray Design Group, Knapp Engineering and Civil & Environmental Consultants.

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DevelopmentOfficeRetailTop StoriesWashingtonWestern

Lincoln Property Co. Opens Port of Vancouver Office, Retail Development in Southern Washington

by Kristin Harlow

VANCOUVER, WASH. — Lincoln Property Co. (LPC) has opened Port of Vancouver USA Terminal 1, an office and retail development in southern Washington. The two-building complex is located in the city’s waterfront district and features 366,000 square feet of Class A office space, 12,000 square feet of ground-floor retail space and commercial amenities. The office component of the project will house the new global headquarters for ZoomInfo, an artificial intelligence platform provider based in Vancouver. Four years ago, the Port of Vancouver USA selected LPC to develop the site on port land along the Columbia River in one of two master-planned communities that are transforming the waterfront into a live-work-play neighborhood. The waterfront district is situated in the city’s urban core with convenient access to highways, public transit and Portland, Ore. The Terminal 1 development features 10- and nine-story buildings, a rooftop deck and 10,000 square feet of landscaped green spaces and outdoor seating that will be open to the public. Parking will be available on nights and weekends. The development team is also targeting LEED Gold certification. The 10-acre site is already home to an AC Hotel by Marriott, green open spaces, walking trails and bike paths. A public …

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700-River-Austin
DevelopmentMixed-UseTexas

Partnership Begins Leasing 43-Story Multifamily Building in Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — A partnership between High Street Residential, MSD Partners and River Street Partners has begun leasing 700 River, a 43-story apartment tower in Austin’s Rainey Street District. The 500-foot building houses 377 units in a mix of studio to three-bedroom residences, as well as several penthouses and 3,400 square feet of retail space. In addition, 700 River features more than 30,000 square feet of indoor and outdoor amenity space. HKS is the project architect, and DPR Construction is the general contractor. Construction began in fall 2022, and the topping out occurred earlier this year. Rents start at roughly $3,000 per month for a studio apartment.

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