Development

Civitas Opens 177-Unit Grand Senior Living Community in Metro Louisville

by Alex Tostado March 6, 2020

PROSPECT, KY. — Civitas Senior Living has opened the doors at The Grand Senior Living in Prospect, a suburb of Louisville. The property totals 191,832 square feet near Norton Commons, a massive mixed-use development with restaurants, retail services, annual festivals and single-family homes. The development was completed approximately 10 years ago on 600 acres of vacant farmland. The Grand features 91 independent living, 62 personal care and 24 memory care residences. Guttman Properties, based in nearby Cincinnati, developed The Grand, which Civitas is operating.

March 6, 2020

Development Florida Office Southeast

Summit Consulting to Develop 135,000 SF Headquarters in Lakeland, Florida

by Alex Tostado March 6, 2020

LAKELAND, FLA. — Summit Consulting LLC will develop its planned 135,000-square-foot office headquarters in downtown Lakeland. The company closed on the land sale at 117 Massachusetts Ave. on Tuesday, March 3 and plans to begin construction later this month. Summit expects to deliver the new building in fall 2021. The property backs up to the shore of Lake Mirror. Summit, which was founded in Lakeland in the late 1970s, has approximately 750 employees, nearly 500 of whom will be located in the new facility. The company specializes in providing workers’ compensation insurance coverage in the Southeast.

March 6, 2020

Development Office Texas

Cawley Partners, Rosewood to Develop 1 MSF Office Project at Heritage Creekside in Plano

by Taylor Williams March 6, 2020

PLANO, TEXAS — Cawley Partners and Rosewood Property Co. will develop a 1 million-square-foot office project at Heritage Creekside, a 156-acre mixed-use development in Plano. The four-building project will be developed in phases and will include a central courtyard and an amenity hub. Phase I will feature a six-story, 250,000-square-foot building with a fitness center, conference center and a rooftop deck. The development team hopes to begin construction by the first quarter of 2021.

March 6, 2020

Development Multifamily Texas

KWA Construction Tops Out 390-Unit Cooper Apartments in Fort Worth

by Taylor Williams March 6, 2020

FORT WORTH, TEXAS — Locally based general contractor KWA Construction has topped out The Cooper, a 390-unit apartment project located in Fort Worth’s Medical District. Designed by architecture firm GFF and developed by Dallas-based Lang Partners, The Cooper will feature studio, one-, two- and three-bedroom units, as well as townhomes. Amenities will include a pool, fitness center with a yoga studio, outdoor grilling area, media center, clubhouse, business center and a coffee bar. Completion is slated for this fall.

March 6, 2020

Development Multifamily Texas

Allied Orion Begins Leasing 281-Unit Riverhaus Creekside Apartments Near San Antonio

by Taylor Williams March 6, 2020

NEW BRAUNFELS, TEXAS — Houston-based development and management firm Allied Orion Group has begun leasing Riverhaus Creekside, a 281-unit apartment community in the San Antonio suburb of New Braunfels. Floor plans feature one-, two- and three-bedroom units ranging in size from 722 to 1,440 square feet. Riverhaus Creekside offers amenities such as a pool, fitness center, dog park and a resident clubhouse with a cyber lounge. Move-ins are expected to begin later this month.

March 6, 2020

Development Multifamily Texas

JK & JY Development Breaks Ground on 268-Unit Residential Project in Metro Dallas

by Taylor Williams March 6, 2020

CARROLLTON, TEXAS — JK & JY Development LLC has broken ground on The View Condominiums, a 268-unit residential project in the northern Dallas suburb of Carrollton that will also include 31,000 square feet of retail and restaurant space. Designed by locally based firm Humphreys & Partners Architects, the property will offer amenities such as a pool, social lounge, fitness center, game room, business center and a fully equipped kitchen and bar. Construction is expected to be complete by early 2022.

March 6, 2020

Development Illinois Midwest Multifamily

Lendlease, John Buck Co. Begin Pre-Leasing Two-Tower Apartment Development in Chicago

by Kristin Harlow March 6, 2020

CHICAGO — Lendlease Development, along with co-developer The John Buck Co. and partner Intercontinental Real Estate Corp., have begun pre-leasing at Porte, a two-tower apartment development in Chicago’s West Loop. Designed by G|R|E|C Architects, the community is scheduled to welcome its first residents in late spring. Porte offers studio, one-, two- and three-bedroom units ranging in size from 546 to 1,591 square feet. Monthly rents start at $2,170. Two-bedroom townhomes measure 1,469 to 2,036 square feet with monthly rents starting at $7,240. Each tower will have its own ground-floor lobby and amenity suite, including a fitness center, entertainment lounge, game room, communal kitchen, coworking space and dog run. The towers will be connected by a two-story podium topped with a pool deck. The word “porte” means door in French. “Porte is designed to serve as a door to all the West Loop has to offer,” says John Buck.

March 6, 2020

Development Illinois Midwest Office

Lizzadro Properties Redevelops Suburban Chicago Building into Museum, Office Space

by Kristin Harlow March 6, 2020

OAK BROOK, ILL. — Lizzadro Properties has completed the redevelopment of 1220 Kensington Road in Oak Brook. The building is now home to the Lizzadro Museum of Lapidary Art, which focuses on stone art. The Museum Plaza Professional Offices are located on the second floor. Lizzadro purchased the 1970s-era office building in the fall of 2015. Lizzadro now occupies a portion of the second-floor space for its family business operations. The remaining 13,600 square feet of space is being leased to other office users, including Skawski Law Offices LLC, Waddell & Reed Financial Advisory, AFIN Family Wealth Management and Sarantakis Law Group LTD. Only 900 square feet remain available for lease. Lizzadro worked with Wright Heerema Architects and Keeley Construction on the project.

March 6, 2020

Development Hospitality Midwest Minnesota

Commonwealth Properties Opens Eight-Room Boutique Hotel in St. Paul, Minnesota

by Kristin Harlow March 6, 2020

ST. PAUL, MINN. — Commonwealth Properties LLC has opened The Davidson, a boutique eight-room hotel in St. Paul. Located at 344 Summit Ave., the building is a 105-year-old former mansion. Five of the rooms have a view of downtown St. Paul, while the other three face Summit Avenue, which is known for its stretch of historic homes. Each guest room is equipped with a kitchen. The hotel provides guests with breakfast vouchers that can be used at nearby Bon Vie. Hotel guests also have access to the fitness facilities at The University Club of St. Paul and the Saint Paul Athletic Club. The hotel draws its name from the building’s original occupants, the Davidson family. The 18,000-square-foot home was built in 1915. Commonwealth Properties purchased the building in 2013.

March 6, 2020

Development Hawaii Loans Retail Western

George Smith Partners Secures $51.7M Construction Loan, $16.2M Mezzanine Debt for Niumalu Marketplace in Hawaii

by Amy Works March 6, 2020

KONA, HAWAII — The Davies Group at Los Angeles-based George Smith Partners has arranged both a $51.7 million senior construction loan and $16.2 million in mezzanine debt for the ground-up development of Niumalu Marketplace, a shopping center in Kona. The borrower is Commercial Real Estate Development Enterprise (CREDE). Safeway will anchor the 204,275-square-foot retail property, which is slated for completion by fourth-quarter 2020. Malcolm Davies, Zachary Streit, Evan Kinne, Alexander Rossinsky, Rachael Lewis, Aiden Moran and Maxwell Shedlosky of George Smith Partners facilitated the transaction. Centennial Bank provided the construction financing portion and Pearlmark Real Estate Partners provided the mezzanine debt.

March 6, 2020

Newer Posts

Older Posts