Development

KWA Construction Breaks Ground on 286-Unit Apartment Project Within McKinney’s Craig Ranch

by Taylor Williams May 10, 2019

MCKINNEY, TEXAS — KWA Construction, a Dallas-based general contractor specializing in multifamily projects, has broken ground on HUB 121 at Craig Ranch, a 286-unit community in McKinney, located north of Dallas. Designed by Domus Studio Group, the property will offer units with high-end appliances, smart devices and ceilings of up to 13 feet. Amenities will include a pool, bocce ball court, coworking office space exclusively for residents, a fitness center and several dog parks. Completion is slated for December 2020.

May 10, 2019

Development Industrial Texas

Davis Commercial Begins Construction of 560,000 SF Distribution Center in Houston

by Taylor Williams May 10, 2019

HOUSTON — Local firm Davis Commercial Development has broken ground on Cypress Preserve Logistics Center, a 560,000-square-foot distribution center in Houston. The 31.9-acre site offers proximity to Interstate 45 and Hardy Tollway. Cypress Preserve Logistics Center will feature two cross-dock buildings that will offer spaces ranging in size from 64,500 to 258,000 square feet. The development will also include two tilt-wall buildings totaling 41,500 square feet. The cross-dock buildings will feature 32-foot clear heights, 165 trailer parking spaces and office space, while the tilt-wall buildings will have 24-foot clear heights, ESFR sprinkler systems and custom office finishes. Delivery is slated for October. Walker Barnett and Ryan Byrd of Colliers International will handle leasing of the development.

May 10, 2019

Development Multifamily Seniors Housing Texas

Civitas, LKP Ventures Break Ground on 83-Unit Seniors Housing Community in Roanoke, Texas

by Taylor Williams May 10, 2019

ROANOKE, TEXAS — Civitas Senior Living and LKP Ventures have broken ground on Harvest of Roanoke, an 83-unit seniors housing community in Roanoke, located due north of Fort Worth. Situated on 5.2 acres along the Texas 114 Corridor, the developers claim this is the first senior living community to be developed in the area. The community will feature 67 assisted living and 16 memory care apartments in a 67,000-square-foot building. Harvest of Roanoke is scheduled to open in fall 2020. Arrive Architects, Senior by Design and Ridgemont Commercial Construction are also contributing to the project.

May 10, 2019

California Development Loans Office Western

HFF Arranges $313.8M Construction Financing for Office Development in Silicon Valley

by Amy Works May 10, 2019

SUNNYVALE, CALIF. — HFF has secured $313.8 million in acquisition and construction financing for the development of Catalyst, a fully entitled, four-property office project in Sunnyvale. The borrower, a joint venture between Hearst Properties and Invesco Real Estate, acquired the development site in early May. Brandon Roth, Bruce Ganong, Peter Smyslowski and Bercut Smith of HFF worked on behalf of the borrower to secure the construction loan through ACORE Capital. Catalyst currently consists of a shovel-ready office development site and three existing office buildings, totaling 164,870 square feet, two of which will be demolished and replaced with new Class A office space. Upon completion, the 587,942-square-foot project will comprise three newly built, Class A office buildings with two parking structures and one original Class B office building.

May 10, 2019

Development Industrial Washington Western

Bridge Development to Build 97,522 SF Industrial Facility in Kent, Washington

by Amy Works May 10, 2019

KENT, WASH. — Bridge Development Partners has purchased a 4.7-acre development site, located at 26524 79th Ave. in Kent, from an independent seller for an undisclosed price. Bridge Development plans to construct Bridge Point Kent 100, a 97,522-square-foot industrial facility, on the site. Slated for delivery in first-quarter 2020, the facility will feature 30-foot clear ceiling heights, 14 dock-high doors, two grade-level doors, flexible size configurations and an ESFR sprinkler system. Steve Brunette, Shawn Childs and Andrew Stark of CBRE represented Bridge in the acquisition. Childs and Stark will serve as leasing agents for the property.

May 10, 2019

Development Multifamily New York Northeast Seniors Housing

Sentinel Opens 160-Unit Seniors Housing Community in Port Jervis, New York

by Taylor Williams May 10, 2019

PORT JERVIS, N.Y. — Sentinel Senior Living LLC has opened The Sentinel of Port Jervis, a 160-unit assisted living community in Port Jervis, located along the Pennsylvania border approximately 70 miles northwest of New York City. The building was formerly a Days Inn, which was renovated and expanded for the project. The 65,000-square-foot building sits on over five acres. The Sentinel is seeking to expand its footprint in the area, completing a similar project in Amsterdam in 2017. The company plans to use these projects as a blueprint for future developments.

May 10, 2019

Development Midwest Office Wisconsin

J. Jeffers & Co. Breaks Ground on $60M Office Building in Milwaukee

by Kristin Harlow May 10, 2019

MILWAUKEE — J. Jeffers & Co. has broken ground on the Huron Building, an 11-story, Class A office development in Milwaukee. Located in the downtown’s Third Ward, the project will span 163,000 square feet. Law firm Husch Blackwell has pre-leased 48 percent of the property. Completion is slated for December 2020. J. Jeffers & Co. received a $39 million construction loan from Associated Bank and a $21 million equity investment, including $14 million raised on crowdfunding platform CrowdStreet. The developer will also own and operate the property. Madison, Wis.-based Stevens Construction is the general contractor.

May 10, 2019

Development Iowa Midwest Retail

Hy-Vee to Open at Business Park Development in Urbandale, Iowa

by Kristin Harlow May 10, 2019

URBANDALE, IOWA — Hy-Vee Inc. will open a “Fast & Fresh” store at Prairie Tower Business Park in Urbandale. The West Des Moines-based supermarket chain will also open an accompanying gas station and drive-up coffee shop. Prairie Tower Business Park is the latest of R&R Realty Group’s developments within the area. The 74-acre project will include retail and office buildings along Meredith Drive.

May 10, 2019

Development Illinois Midwest

Wight & Co. Completes Construction of 37,000 SF Recreation Center in Plainfield, Illinois

by Kristin Harlow May 10, 2019

PLAINFIELD, ILL. — Wight & Co. has completed the Prairie Activity and Recreation Center (PARC) for the Plainfield Park District. The 37,000-square-foot building was designed to be both a Passive House U.S.-certified facility and a net-zero energy building. Passive House certification means that building systems, insulation and windows create an air-tight structure that keeps the indoor temperature consistent every day of the year. A net-zero building is one in which the amount of energy used by the building on an annual basis is roughly equal to the amount of renewable energy created onsite. PARC features 28,600 square feet of solar panels. The two-story building includes a 4,000-square-foot fitness center and studio with a full-size basketball court, walking track and a 1,600-square-foot multipurpose room for classes and special events. A preschool suite features four classrooms.

May 10, 2019

International Spy Museum, Washington, D.C.

Civic Development District of Columbia Southeast Top Stories

JBG Smith, Malrite Complete $162M International Spy Museum in Washington, D.C.

by Jeff Shaw May 10, 2019

WASHINGTON, D.C. — JBG Smith Properties and Malrite Co. have completed the development of a new and expanded International Spy Museum at L’Enfant Plaza in Washington, D.C. When the project was announced in 2015, The Washington Post reported that the estimated costs were $162 million. The building officially opens to the public on Sunday, May 12. The development more than doubles the size of the museum to 140,000 square feet and moves it from F Street to just two blocks south of the National Mall and two blocks north of The Wharf. L’Enfant Plaza has its own stop on the Metro rail line. The museum showcases the world’s largest collection of international espionage-related artifacts and features an interactive exhibition highlighting the villains in the James Bond movies. In addition to larger exhibition space, the new building also includes dedicated temporary exhibition space; a learning center with workshop spaces; a theater for lectures, films and panel discussions; and adaptable spaces for programs. The rooftop provides nearly 360-degree views of the city, including the Capitol Building and Washington Monument. Indoor event space is encased in floor-to-ceiling windows for private events and public programs. London-based architect Rogers Stirk Harbour + Partners designed the building, …

May 10, 2019

Newer Posts

Older Posts