Development

Two Longtime Real Estate Professionals Launch New Development Company With 230,000 SF Technology Park in Ann Arbor

by Kristin Harlow November 8, 2019

ANN ARBOR, MICH. — Cameron McCausland and Joe Vig have formalized their longtime development, construction and property management relationship with the formation of Portage Capital Partners. The company has unveiled its first project, a 230,000-square-foot life sciences and technology park in Ann Arbor. Known as The Tech Loop@Ann Arbor Research Park, the speculative project will be situated on 16.5 acres near I-94 and State Street. The first phase will consist of a 79,000-square-foot building followed by another 150,000 square feet across three additional buildings in Phase II. A timeline for completion was not disclosed.

November 8, 2019

Development Illinois Midwest Multifamily

McShane to Build 259-Unit Multifamily Community in Warrenville, Illinois

by Kristin Harlow November 8, 2019

WARRENVILLE, ILL. — McShane Construction Co. has been selected by Atlantic Residential to build a 259-unit multifamily community in Warrenville, a suburb of Chicago. Known as Everton Flats, the seven-building property will comprise sustainable features such as solar panels and LED lighting. Amenities will include a pool, grilling area, lounge and playground. Floor plans will range from studios to two-bedroom units. Completion is slated for summer 2021. HKM is the project architect.

November 8, 2019

Development Multifamily Oregon Seniors Housing Western

SSSHT Opens Memory Care Expansion at Community in Portland

by Amy Works November 8, 2019

PORTLAND, ORE. — Strategic Student & Senior Housing Trust Inc. (SSSHT), a public, non-traded REIT sponsored by SmartStop Asset Management, has completed a freestanding memory care expansion in Portland. The project extends the offerings at Courtyard at Mt. Tabor, which already offered independent living and assisted living. The expansion adds a 16,000-square-foot building and 23 units. The 7.1-acre community now offers 309 total units. Known as The Pavilion, the memory care project was 38 percent pre-leased before opening. “The ideal seniors housing model is a continuum-of-care campus serving private-pay, middle-income seniors that allows residents to age in-place,” says John Strockis, president and chief investment officer of SSSHT. “We maintain a resident-focused perspective and understand the growing need to provide quality memory care in our communities. Courtyard at Mt. Tabor Pavilion delivers additional units to help offset that demand.” R&H Construction built the project, which Ankrom Moisan Architects designed. Construction took approximately 12 months. The operator is Integral Senior Living.

November 8, 2019

Development Industrial North Carolina Southeast

Beacon Partners Delivers 525,000 SF Warehouse Near Charlotte for Campbell Snacks

by Alex Tostado November 7, 2019

PINEVILLE, N.C. — Beacon Partners has delivered a 525,000-square-foot, build-to-suit warehouse in Pineville for Campbell Snacks, a division of Campbell Soup Co. The facility sits on 34 acres and marks the first completed building within Pineville Distribution Park, an industrial campus that sits 13 miles south of downtown Charlotte. The new warehouse features 36-foot clear heights, cross-dock loading, 180-foot truck courts and 120 trailer parking spaces. InterCon Building Corp. served as the general contractor, Merriman Schmitt Architects was the architect and Osborn Engineering Group was the civil engineer on the project. Mike Kemmet of Cushman & Wakefield represented Campbell Snacks in the transaction. Bailey Patrick and Bailey Patrick Jr. internally represented MPV Properties. MPV is also developing the remainder of Pineville Distribution Park.

November 7, 2019

Development District of Columbia Multifamily Southeast

BedRock, Pacolet Milliken Reopen Ora Apartment Community in D.C. Following $20M Renovation

by Alex Tostado November 7, 2019

WASHINGTON, D.C. — BedRock Real Estate Partners LLC and Pacolet Milliken LLC have reopened Ora, a 113-unit multifamily property in Washington, D.C.’s Kalorama neighborhood, following a $20 million renovation. Forrest Perkins designed the unit interiors to feature European-inspired kitchens, quartz countertops, wood flooring, chrome fixtures and stainless-steel appliances. The property offers studio, one- and two-bedroom floor plans ranging from 525 to 800 square feet. Rents start at $2,615 and go up to $4,520 per month. Communal amenities include a rooftop deck, fitness center, pet spa and bicycle storage. Gables Residential is managing the community.

November 7, 2019

Development Industrial Massachusetts Northeast

Amazon to Open 350,000 SF Robotics Innovation Hub in Westborough, Massachusetts

by Alex Patton November 7, 2019

WESTBOROUGH, MASS. — Amazon will open a new 350,000-square-foot robotics innovation hub in Westborough, located approximately 30 miles west of Boston. The facility will feature corporate offices, research and development labs and manufacturing space. The move is also expected to bring about 200 new tech and advanced manufacturing jobs to Massachusetts. Atlantic Management is developing the facility, which is slated for completion in 2021.

November 7, 2019

Development Multifamily Texas

StreetLights Residential Breaks Ground on 340-Unit Apartment Project in Arlington

by Taylor Williams November 7, 2019

ARLINGTON, TEXAS — Dallas-based developer StreetLights Residential has broken ground on The Jackson, a 340-unit multifamily community located within the Viridian master-planned development in Arlington. The property will offer studio, one-, two- and three-bedroom units in addition to limited two-story floor plans known as “carriage units.” Residences will range in size from 588 to 1,671 square feet and feature granite countertops, custom cabinetry and spa-inspired bathrooms. Amenities will include coworking spaces, a creative makerspace with a chef’s kitchen, a private lounge with a coffee bar, fitness center with a flex room for yoga and spin, a resort-style pool and outdoor courtyard spaces. WDG Architecture designed the project, and SLR Construction LLC is serving as the general contractor. Residences are expected to be available for occupancy in fall 2020.

November 7, 2019

Development Office Texas

Stonelake Capital Partners Tops Out 210,000 SF Office Building in Houston

by Taylor Williams November 7, 2019

HOUSTON — Stonelake Capital Partners, a private equity firm with offices in Dallas, Houston and Austin, has topped out 200 Park Place, a 210,000-square-foot office building located within the Park Place | River Oaks development in Houston. Designed by Beck Architecture and constructed by Harvey Builders, the 15-story building will feature ground-floor restaurants, a conference center and tenant lounge and access to a landscaped terrace and park. The property, which is 30 percent preleased, is expected to be available for occupancy by June 2020.

November 7, 2019

Development Midwest Multifamily Seniors Housing Wisconsin

Pathway to Living, Caddis Open Assisted Living Facility in Wisconsin

by Kristin Harlow November 7, 2019

BROOKFIELD, WIS. — Pathway to Living and Caddis Healthcare Real Estate have opened Heartis Village Brookfield, an assisted living and memory care community in Brookfield, a suburb of Milwaukee. The property totals 70 assisted living units and 24 memory care units on a 10-acre plot. Assisted living units range in size from 351 to 917 square feet. Memory care units range in size between 293 to 306 square feet. During development, Caddis Healthcare gifted 2.9 acres of land to the city of Brookfield to support the development of a public park. Heartis Village Brookfield is the fourth Heartis-owned community managed by Pathway.

November 7, 2019

Development Illinois Industrial Midwest

Conor Commercial Completes Development of Two-Building Industrial Property in Elgin, Illinois

by Kristin Harlow November 7, 2019

ELGIN, ILL. — Conor Commercial Real Estate and partner Globe Corp. have completed development of Northwest Pointe III in Elgin. The project consists of two buildings spanning a combined 349,080 square feet. The property marks Conor’s third development within the Northwest Corporate Park. The site is located 1.5 miles from the Randall Road four-way interchange, which provides access to I-90. The buildings each feature a clear height of 32 feet, 20 dock doors and two drive-in doors. McShane Construction Co. was the general contractor and Ware Malcomb was the architect.

November 7, 2019

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