Development

Boston Properties to Develop 417,000 SF Office Project for Google in Cambridge, Massachusetts

by Taylor Williams June 5, 2019

CAMBRIDGE, MASS. — Boston Properties will develop a 417,000-square-foot, build-to-suit office building at 325 Main St. in the Kendall Square area of Cambridge for Google, which has signed a 362,000-square-foot lease. Construction of the 16-story property, which will be built at the current site of 3 Cambridge Center, will begin later this year. Completion of the building, which will also house 42,000 square feet of retail space and serve as the tech giant’s new Cambridge headquarters, is slated for 2022. Pickard Chilton has been tapped to handle design of the project. Following completion, Google’s footprint in the area will exceed 800,000 square feet.

June 5, 2019

Development Georgia Multifamily Southeast

Wood Partners Opens 312-Unit Multifamily Community in Atlanta Dairies Project

by Alex Tostado June 4, 2019

ATLANTA — Wood Partners has opened Alta Dairies, a 312-unit multifamily community in Atlanta. Alta Dairies is the multifamily component of the Atlanta Dairies project, Paces Properties’ redevelopment in East Atlanta that will include direct access to the Atlanta BeltLine upon completion this summer. Alta Dairies offers one- and two-bedroom floor plans and communal amenities including a rooftop sky lounge with a double-sided fireplace, outdoor biergarten with bocce and yard games, outdoor kitchens with gas grills, saltwater swimming pool with a tanning shelf, bicycle storage room and repair center, 24-hour fitness center with power gym and yoga studio, pet spa and wash room, and a business center and conference room with rentable office spaces.

June 4, 2019

Development Georgia Industrial Southeast

Plethora to Invest $17M in New Facility in Metro Atlanta

by Alex Tostado June 4, 2019

MARIETTA, GA. — Plethora, an on-demand manufacturer specializing in custom prototypes and end-production in various industries, will invest $17 million in a new 57,000-square-foot facility in Marietta. The move will add 250 new jobs to the area. Plethora is working with Lanier Technical College, Kennesaw State University and Georgia Institute of Technology to connect with a potential workforce in metro Atlanta. A timeline for Plethora’s move was not disclosed, though multiple news outlets report the facility will open at the end of the month.

June 4, 2019

Development Multifamily Texas

High Street, Principal Break Ground on 226-Unit Residential Project in Austin

by Taylor Williams June 4, 2019

AUSTIN, TEXAS — High Street Residential, a subsidiary of Trammell Crow Co., and Principal Real Estate Investors have broken ground on the final phase of Crestview Commons in Austin, a project that will add 226 residential units to the state capital’s supply. Phase IV of Crestview Commons, which is located in the city’s North Central submarket, will feature one-, two- and three-bedroom units ranging in size from 525 to 1,451 square feet. Amenities will include a pool, outdoor grilling areas, fitness center, entertainment kitchen, conference room, business center, rooftop club and package lockers. JHP Architecture designed the project, and Andres Construction is serving as general contractor. Amegy Bank provided construction financing. Leasing is scheduled to begin in March 2020.

June 4, 2019

Development Industrial Texas

CenterPoint to Expand Ace Hardware’s Industrial Facility in Metro Dallas by 450,000 SF

by Taylor Williams June 4, 2019

WILMER, TEXAS — Illinois-based CenterPoint Properties will expand Ace Hardware’s industrial facility in the southern Dallas suburb of Wilmer by 450,000 square feet, essentially doubling the property’s current footprint. CenterPoint expects to begin construction during the second quarter and wrap up about 12 months later. The project will bring about 250 construction jobs to Wilmer, and an additional 70 jobs will be created at the facility, which will serve 300 or so Ace Hardware locations throughout the region.

June 4, 2019

Development Industrial New Jersey Northeast

CenterPoint Breaks Ground on 72,816 SF Industrial Expansion Project in New Jersey

by Taylor Williams June 4, 2019

SOMERSET, N.J. — CenterPoint Properties has broken ground on a 72,816-square-foot expansion project at the Somerset, New Jersey, manufacturing plant of PIM Brands LLC, a producer of candies and other sweets. The project will bring the facility’s size to roughly 250,000 square feet. Illinois-based CenterPoint has also signed a 15-year lease extension with PIM Brands. This extra space will accommodate new production lines and facilitate product distribution through the establishment of 40-foot clear heights, six tailboard doors and 20 auto parking stalls. Chuck Fern of Cushman & Wakefield and Bob Nathin of Sheldon Gross Realty represented PIM Brands in the lease negotiations. David Nenner represented CenterPoint internally.

June 4, 2019

Development Multifamily Washington Western

Wood Partners Breaks Ground on 243-Unit Alta Columbia City Multifamily Project in Seattle

by Amy Works June 4, 2019

SEATTLE — Wood Partners has broken ground on Alta Columbia City, a multifamily development in Seattle’s historic Columbia City neighborhood. Slated to open in summer 2021, Alta Columbia City will feature 243 studio, one- and two-bedroom apartments, along with 27,000 square feet of retail and commercial space. On-site amenities will include a private lounge, entertainment area, gourmet kitchen, fitness center, co-working space, outdoor courtyard, heated greenhouse, rooftop deck and dog run. Once completed, the property will be Wood Partners’ third multifamily community in the Seattle area.

June 4, 2019

Development Multifamily New York Northeast Seniors Housing

HANAC Completes Construction of $36M Affordable Senior Living Community in Queens

by Taylor Williams June 4, 2019

NEW YORK CITY — Developer HANAC Inc., in partnership with Enterprise Community Partners and Chase Bank, has completed construction of Corona Senior Residence, an affordable community for seniors over the age of 62 in Queens. The property totals 67 units exclusively for seniors, 21 units of which have been reserved for the homeless. The development includes an onsite preschool administered by the New York City School Construction Authority that currently serves nearly 60 children. Social services, medical care coordination and mental health assessments will be available to residents of the property.

June 4, 2019

California Development Multifamily Seniors Housing Western

Cadence Living Starts Construction of 97-Unit Seniors Housing Community Near Los Angeles

by Amy Works June 4, 2019

RANCHO CUCAMONGA, CALIF. — Cadence Living has broken ground on Cadence at Rancho Cucamonga, a seniors housing community in the Town Center neighborhood of Rancho Cucamonga, approximately 40 miles east of Los Angeles. Cadence is developing the property in partnership with Coyne Development. When complete, the community will offer 97 units of independent living, assisted living and memory care. The community is scheduled to open in the fall of 2020.

June 4, 2019

Connecticut Development Hospitality Northeast

Shaner Opens 102-Room Marriott-Branded Hotel in Norwalk, Connecticut

by Taylor Williams June 4, 2019

NORWALK, CONN. — Shaner Hotels, a Pennsylvania-based hospitality owner-operator, has opened a 102-room Residence Inn by Marriott hotel in the coastal Connecticut city of Norwalk. The eight-story property features apartment-inspired suites that include full kitchens and individual workspaces. Amenities include grocery delivery service, a fitness center and a business center, as well as a bar and restaurant. Rich Co. developed the hotel in a joint venture with SoNo Development Partners. Shaner will operate the property.

June 4, 2019

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