Development

LV Collective, Harrison Street to Break Ground on 862-Bed Student Housing Development Near Virginia Tech

by John Nelson January 13, 2026

BLACKSBURG, VA. — A joint venture between LV Collective and Harrison Street Asset Management is set to break ground on Rambler, an 862-bed student housing development located near the Virginia Tech campus in Blacksburg. The eight-story community will span 577,671 square feet and offer 247 apartments and townhomes in studio, one-, two-, three-, four- and five-bedroom configurations. Shared amenities will include a ground-level coffee shop; coworking space with private study rooms; a multi-sport simulator; clubroom and social lounge; fitness center with a yoga and flex studio; wellness lounge with a sauna and cold plunge; and an outdoor pool deck with a hot tub. Site work began in December with completion scheduled for fall 2028. The development team for the project includes Brinkmann, Niles Bolton, Variant Collaborative, Ironwood and Foresight. DLA Piper provided legal counsel for the development.

January 13, 2026

Affordable Housing California Development Multifamily Western

Meta Housing, R.D. Olson Break Ground on 207-Unit Affordable Housing Complex in Los Angeles

by Amy Works January 13, 2026

LOS ANGELES — Meta Housing Corp. and R.D. Olson Construction, as general contractor, have broken ground on De Soto, a $62 million affordable housing property located at 6033 De Soto Ave. in the Woodland Hills neighborhood of Los Angeles. De Soto is a ground-up construction project that will feature a seven-story building constructed in one phase over the span of 24 months. Slated for completion in early 2028, the 271,568-square-foot property will feature 207 one-, two- and three-bedroom apartments across five stories of residential space above a double concrete podium holding two levels of parking. The apartments will be designated for families and residents earning between 30 percent to 70 percent of the area median income. Community amenities will include a community room with computer workstations, outdoor gathering spaces, a children’s play area and elevated courtyards designed to foster community connection. De Soto will be funded through California Municipal Finance Authority Multifamily Housing Revenue Bonds along with federal low-income housing tax credits. Project partners include AC Martin as executive and design architect, Mark Beall and Associates as landscape architect, KE Engineering Corp. as civil engineer, TAD Engineering as mechanical engineer and EB Structural Engineers as structural engineer.

January 13, 2026

Company News Development Illinois Leasing Activity Midwest Retail Top Stories

Aldi to Open 180 New U.S. Grocery Stores This Year

by John Nelson January 13, 2026

BATAVIA, ILL. — Aldi, a German discount, small-format grocer, plans to open 180 new stores across 31 states this year. By the end of the year, Aldi will operate approximately 2,800 U.S. grocery stores, including its first Maine location in Portland and 10 new stores in the metro Phoenix area. The grocer has operated stores in the United States for 50 years and has gained a loyal following in recent years as the demand for discount grocery items increases in the face of inflation. The company disclosed that 17 million Americans shopped at Aldi for the first time in 2025. “One in three U.S. households shopped at Aldi this past year, and in 2026, we’re focused on making it even easier for customers to shop our aisles first,” says Atty McGrath, CEO of Aldi U.S. Aldi, whose U.S. headquarters is in Batavia, plans to continue its expansion over the next five years in the Southeast and West regions. In the Southeast, Aldi continues to convert former Winn-Dixie retail locations following Aldi’s acquisition of Winn-Dixie and Harveys Supermarket from Southeastern Grocers in 2023. Aldi plans to reposition 80 former Winn-Dixie stores by the end of the year and 200 total by 2027. …

January 13, 2026

Development Industrial Texas

Provident Industrial to Develop 157,300 SF Project in South Houston

by Taylor Williams January 12, 2026

HOUSTON — Provident Industrial, a division of Dallas-based Provident, will develop Wayside Distribution Center, a 157,300-square-foot project in South Houston. The site spans 10.2 acres, and the front-load building will feature 32-foot clear heights, 29 dock doors, two ramps, 114 car parking spaces and an ESFR sprinkler system. Provident is developing the project in partnership with South Florida-based Inclenberg Investments. A tentative completion date was not announced.

January 12, 2026

Development Industrial Kansas Midwest

Contegra Underway on 70,000 SF Distribution Center in Manhattan, Kansas

by Kristin Harlow January 12, 2026

MANHATTAN, KAN. — Contegra Construction is building a 70,000-square-foot distribution center in Manhattan on behalf of Jones Development. Completion is slated for this spring. Dubbed Project Wildcat, the distribution center is adjacent to Manhattan Regional Airport near I-70. The development will feature a clear height of 20 feet and 12 overhead doors, including three high-speed doors at a van loading area and nine docks with full dock equipment packages. The facility will also feature 7,000 square feet of office space and an employee break area. Parking will accommodate 205 employee vehicles, 187 vans and 17 trucks.

January 12, 2026

Development Multifamily New Jersey Northeast

Nasser Freres Nears Completion of 29-Story Apartment Tower in Jersey City

by Taylor Williams January 12, 2026

JERSEY CITY, N.J. — Developer Nasser Freres is nearing completion of The Greyson, a 29-story apartment tower in the Journal Square neighborhood of Jersey City. Designed by Handel Architects, The Greyson will have 622 apartments, approximately 45,000 square feet of office space and ground-floor retail space. Apartments will come in studio, one-, two- and three-bedroom floor plans. Amenities will include a relaxation zone and spa, an art gallery and studio, children’s playroom, karaoke room, pet spa, bowling alley, screening room, game lounge, speakeasy, VR sports room with arcade games and a catering kitchen. Residents will also have access to a coworking space with a lounge, private work pods and conference rooms, as well as a fitness center, coffee bar, podcast/TikTok room and a party lounge. Construction began in summer 2024, and leasing will commence in February.

January 12, 2026

Affordable Housing Development Loans Multifamily New York Northeast Walker & Dunlop

Walker & Dunlop Arranges $19.1M in Financing for Bronx Affordable Housing Project

by Taylor Williams January 9, 2026

NEW YORK CITY — Walker & Dunlop has arranged $19.1 million in financing for Melrose Concourse, a proposed 72-unit affordable housing project in The Bronx. The financing comprises a $6.3 million permanent loan commitment from Freddie Mac and a $12.8 million equity investment. Melrose Concourse will consist of a four-story building with eight units, a nine-story building with 34 apartments and a 10-story building with 30 residences. All units will be reserved for renters earning between 30 and 70 percent of the area median income, and 23 units will be set aside for seniors. John Gilmore and Ethan Waite of Walker & Dunlop led the debt financing process, and the firm’s Diego Benites and Ricky Figueroa led the equity placement efforts. The developer is a joint venture between Settlement Housing Fund and the Beechwood Organization.

January 9, 2026

Development Florida Industrial Southeast

PCCP, Venture One to Develop 748,000 SF Industrial Park in Orlando

by Abby Cox January 9, 2026

ORLANDO, FLA. — A joint venture between PCCP and Venture One Real Estate will develop Venture Park II and III, a two-building industrial park located at 7895 Monument Parkway in Orlando. Construction on the 748,000-square-foot project will begin immediately, with completion anticipated for spring 2027. David Murphy, Monica Wonus and Gabby Gissy of CBRE will handle leasing efforts for the property. Spanning approximately 60 acres, the development will include a 340,000-square-foot rear-load facility and a 408,000-square-foot cross-dock facility. Both buildings will feature 40-foot clear heights and will be able to accommodate several tenants.

January 9, 2026

Affordable Housing Development Georgia Multifamily Southeast

McShane Construction Completes 212-Unit Mixed-Income Apartment Community in Atlanta

by Abby Cox January 9, 2026

ATLANTA — McShane Construction Co. has completed Ashley Scholars Landing II, a mixed-income apartment complex located in Atlanta. Designed by JHP Architecture, the three- and four-story complex is situated within the larger master-planned community of Ashley Scholars Landing. The Integral Group was the developer. Ashley Scholars Landing II offers 212 affordable housing and market-rate apartments, as well as a swimming pool with cabanas, a clubroom, fitness center, activity space, micro-offices and a walking park, as well as 254 parking spaces. The property is located near the Atlanta University Center Consortium (AUC), a consortium of four historically black colleges and universities (HBCUs) including Morehouse College and Spelman College.

January 9, 2026

Development New York Northeast Office Top Stories

Partnership Invests $150M to Redevelop 1540 Broadway Office Tower in Midtown Manhattan

by Abby Cox January 9, 2026

NEW YORK CITY — A partnership between GFP Real Estate and BDT & MSD Partners has invested $150 million to redevelop 1540 Broadway, a 907,000-square-foot office tower in the Times Square area of Midtown Manhattan. The transformation is intended to reframe the original tower, which was completed in 1990 and designed by Skidmore, Owings & Merrill. Renovations are expected to be complete by late 2026. “Our shared vision is to create a workplace that is purposeful, well-crafted and thoughtfully executed, raising expectations for what defines a leading New York City office tower,” says Brian Steinwurtzel, co-CEO and principal of GFP Real Estate. “This is a full reintroduction of the building.” Affiliates of Apollo (NYSE: APO) will provide financing for the project, while GFP Real Estate will oversee operations with BDT & MSD. JLL will serve as the leasing agent for the building. Designed by Fogarty Finger, the renovation will feature extensive interior improvements and the inclusion of more than 45,000 square feet of amenities across two levels of the building. A 27,000-square-foot “amenity hub,” located on the eighth floor, will comprise upgraded wellness facilities, a reimagined fitness center, new locker rooms, a dedicated recovery and movement zone and enhanced communal areas. …

January 9, 2026

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