ALEXANDRIA, VA. — Sunrise Senior Living has completed demolition of the former National Association of Professional Insurance Agents buildings in the Old Town neighborhood of Alexandria, with plans to build a 93-unit assisted living property on the land. Located south of Washington, D.C. along the Potomac River, this will be Sunrise’s second community in Alexandria. Rust | Orling Architecture is designing the project. SunTrust Bank provided a $45.5 million loan to finance the construction.
SAVANNAH, GA. — The Port of Savannah and the surrounding industrial market are both growing exponentially. That trend was reinforced with the $172 million investment announced last week by Plastic Express to build two new manufacturing facilities in nearby Pooler. “They’re going to export plastic resins out of our port to the tune of 100,000 TEUs (twenty-foot equivalent units) per year,” said Hugh “Trip” Tollison, president and CEO of Savannah Economic Development Authority (SEDA). “Plastic Express has instantaneously become one of the port’s largest customers.” Tollison was one of the featured speakers at a luncheon hosted by SEDA on Wednesday, May 1 at 5Church restaurant in Midtown Atlanta’s Colony Square. The event brought together several of Savannah’s top businesses, including Savannah Bourbon, Visit Tybee Island, Georgia Grown, The Salt Table and Leopold’s Ice Cream, which is turning 100 years old this year. Tollison highlighted many economic drivers in the Savannah region, including aerospace giant Gulfstream Aerospace Corp. hiring its 12,000th employee; healthcare system St. Joseph’s/Candler opening a new hospital in Pooler last month; and the film industry that last year doubled its 2017 economic spend thanks to productions of films like the upcoming “Gemini Man” starring Will Smith. The straw …
DALLAS — Locally based developer HALL Group has topped out HALL Arts Hotel & Residences, a 28-story commercial project in the Dallas Arts District. The project’s residential component will consist of 50 units ranging in size from 1,600 square feet to 10,000 square feet for the penthouse. The hospitality component will comprise 183 guestrooms and 20 suites, along with various amenities. The residential and hotel components are slated to open in early 2020 and fall 2019, respectively.
VACAVILLE, CALIF. — Ascend @ Lagoon Valley LLC, a limited liability company affiliated with Seattle-based Triad Development, has unveiled plans for a 700,000-square-foot to 840,000-square-foot Class A office development project Lagoon Valley. The 50-acre development site is located along Interstate 80 on Lagoon Valley Road in Vacaville, approximately 51 miles from downtown San Francisco. The project will consist of six four-story buildings. A 30,000-square-foot amenities building will offer a fitness center, food services and recreation space. Additionally, the office project will include an amphitheater, sports courts and field space as outdoor amenity space, as well as a transit center with shuttle to Vacaville’s Capitol Corridor Amtrak station. The surrounding 1,200 acres of protected open space includes the 470-acre Lagoon Valley park and 100-acre lake, plus an adjacent eight-acre public park. The land adjacent to the development is entitled for residential development. James Lees, Sandy Rodriguez, Max Sander and Skip Whitney of Kidder Mathews are leasing agents for Ascend @ Lagoon Valley.
SAN DIEGO — An undisclosed developer has broken ground on RB Vista, the first new speculative industrial building in Rancho Bernardo area of San Diego in 10 years, according to JLL. Situated on 10.1 acres on Via Del Campo, RB Vista will feature a 141,027-square-foot industrial building that can accommodate a variety of requirements ranging from 70,000 square feet to 141,027 square feet. The facility will include 32-foot minimum warehouse clear height, 36 dock-high loading doors, manufacturing power, 135-foot court, ESFR sprinklers and a highly secure site. Completion is slated for first-quarter 2020. JLL’s Andy Irwin and Jay Alexander are overseeing leasing of the property.
CLIFTON, N.J. — Prism Capital Partners, a locally based owner-operator of commercial properties, will develop two office buildings in Clifton, New Jersey, a northern suburb of Newark. The project will add approximately 400,000 square feet of Class A space to ON3, the company’s 116-acre campus in Clifton that also extends into nearby Nutley Township. Prism has retained Chicago-based Goettsch Partners to design the buildings, construction timelines for which have not yet been released. Prism expects that corporate tenants and users will employ more than 5,500 people at ON3 by 2021.
BURLINGTON, MASS. — The Gutierrez Co., a development and management firm that is active in the Boston area, will convert Burlington BioCenter, located about 15 miles northwest of Boston, into a 109,500-square-foot lab facility. The repositioning project is expected to be complete by 2019. The new facility will offer four stories of lab space, interconnecting stairways, abundant parking and an open design aesthetic. JLL is handling leasing and marketing of the new space.
MILWAUKEE — Morgan/Harbour Construction has been selected to build a 150,000-square-foot speculative warehouse on behalf of Scannell Properties in Milwaukee. Located on a 12.5-acre parcel, the building will feature 15 exterior docks and 22 trailer stalls. Paul Woody Architect Inc. and Pinnacle Engineering Group make up the project team. Jeff Hoffman of The Boerke Company will market the property for lease. Completion is slated for this fall.
NEW BRIGHTON, MINN. — Kraus-Anderson has begun construction on a $24.7 million expansion at Irondale High School in New Brighton, about 10 miles north of Minneapolis. Designed by Wold Architects and Engineers, the 80,000-square-foot project features seven new classrooms and breakout spaces, expanded hallways, open spaces, a 5,600-square-foot administration office, science lab and a 650-seat auditorium. Plans also call for the removal of the pool to accommodate a new fitness center and multipurpose area. Most of the project is expected to be completed by December 2020.
FAIRBURN, GA. — CT Realty has begun construction on two industrial buildings totaling approximately 1.7 million square feet within Palmetto Logistics Park, which is situated 16 miles southwest of Hartsfield-Jackson Atlanta International Airport and next to CSX-Fairburn Intermodal Terminal in Fairburn. The two facilities mark Phase II of the 358-acre distribution center campus that is expected to be complete in 2020. Phase I comprised 1.1 million square feet and was completed in late 2018. CT Realty partnered with Port Logistics Realty; River Oaks Capital Partners; and PGIM Real Estate, the real estate investment business of Prudential Financial Inc., to develop Palmetto Logistics Park. Construction is underway on the first building of Phase II, a more than 1 million-square-foot building that is slated for completion in the first quarter of 2020. Preliminary site work has begun on the second building, a 705,474-square-foot building that is scheduled to be delivered in the second quarter of 2020.
