Monday, January 19, 2026
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DevelopmentLeasing ActivityMontanaRetailWestern

Grossman Development Signs Eight New Tenants to Join $100M Gallatin Valley Mall Redevelopment Project in Bozeman, Montana

by Amy Works

BOZEMAN, MONT. — Grossman Development Group has signed eight new tenants to join Gallatin Valley Mall, a 315,000-square-foot regional shopping center undergoing redevelopment in Bozeman. New retailers at the $100 million multi-phase project, which will be called Gallatin Crossing, include Arhaus, lululemon, Pandora, Sephora, Anthropologie, Free People, Lovesac and Madewell. The mixed-use project’s 45,000-square-foot Medical Pavilion, which houses Intermountain Health, Ortho Montana and Gallatin Valley Surgery Center, opened in August 2024, while High Street, an outdoor retail experience, is set to open in summer 2025. Other tenants at the property include Macy’s, Barnes & Noble, Gallatin Valley Cinemas and Whole Foods Market. Additionally, interior upgrades to the existing shopping center include new lighting, carpet and refreshed common areas. Gallatin Mall Group, in partnership with Grossman Development Group, Boston Realty Advisors and The Broadway Co., is leading the project.

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ColoradoDevelopmentMultifamilyWestern

Garrett Cos. Breaks Ground on 163-Unit Multifamily Property in Colorado Springs

by Amy Works

COLORADO SPRINGS, COLO. — The Garrett Cos., as developer and contractor, has begun construction on a multifamily development in Colorado Springs. Ware Malcomb’s Denver and Chicago offices are providing architecture and civil engineering services for the project. Situated on 7.2 acres at the intersection of Barnes Road and Rio Vista Street, the garden-style property will offer 163 apartments in a mix of one-, two- and three-bedroom layouts. Each unit will have a full-sized washer/dryer. Community amenities will include a resort-style pool and spa with cabanas, a fitness center, dog park, clubhouse with lounge, billiards and arcade games and coworking and private office spaces.

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DevelopmentIllinoisMidwestRetail

Chicago Blackhawks Reveal Expansion Plans, Renderings for Fifth Third Arena

by Kristin Harlow

CHICAGO — The NHL’s Chicago Blackhawks have revealed renderings for the forthcoming expansion of Fifth Third Arena. Originally opened in 2017, the facility has been undergoing renovations since May 2024. When complete in January 2026, the venue will boast more than 250,000 square feet of community hockey space and training facilities. The Blackhawks estimate that Fifth Third Arena will welcome more than 1.5 million guests per year and impact economic growth on Chicago’s West Side, solidifying the arena as a destination for youth and amateur hockey alongside new offerings for Blackhawks fans. The arena will connect to the United Center campus’ forthcoming 1901 Project. The facility remains the official training home to the Blackhawks and will also become the permanent home of Chicago Steel, the region’s United States Hockey League that was acquired by Wirtz Corp. in 2023. The expansion will transform Fifth Third Arena from a hockey facility into a versatile venue that can host events of all sizes and year-round programming. Championship Arena, one of the two new rinks, will offer stadium-style seating and hospitality areas for 2,000 spectators. As the future new home of the Chicago Steel, the arena will feature a center scoreboard, video ribbon boards …

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DevelopmentIndianaMidwestMultifamily

Keystone Group to Add 57 Units to $124M Office-to-Residential Conversion Project in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Keystone Group is adding 57 new luxury apartments to its $124 million office-to-residential conversion project at 220 Meridian Tower, the former AT&T office located near Monument Circle in Indianapolis. Scheduled for completion in summer 2026, the additional units will range from studios to two-bedroom floor plans. Construction has commenced, following AT&T’s lease that ended on May 31. Plans call for additional outdoor deck amenities, including a dog park, and six units that will feature private patio spaces. With these additions, a total of 273 units will be brought to market. As part of the continued development, 220 Meridian Tower will also welcome Harmony Steakhouse, an Indianapolis-based Japanese-style steakhouse slated to open this month.

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DevelopmentMidwestMinnesotaMixed-Use

Ryan Cos. Breaks Ground on $68M Housing, Retail Components of Highland Bridge Mixed-Use Project in St. Paul

by Kristin Harlow

ST. PAUL, MINN. — Ryan Cos. US Inc., in partnership with the Housing and Redevelopment Authority (HRA) for the City of St. Paul, has broken ground on new housing and retail components of Highland Bridge, a 122-acre mixed-use development at the former site of Ford Motor Co.’s Twin Cities assembly plant. The $68 million project is expected to be substantially completed by November 2026. The nearly 3-acre site at the intersection of Cretin Avenue and Ford Parkway in the city’s Highland Park neighborhood will feature five buildings. Plans call for a 97-unit multifamily building with 8,500 square feet of ground-floor retail space, three standalone retail buildings totaling 14,000 square feet and a 13,000-square-foot daycare center. The project also includes a two-level parking ramp and pedestrian access. Amenities of the apartment building will include a clubroom, outdoor patio, fitness room, coworking enclaves, a roof deck patio and secured package room. The initiative is a public-private partnership supported by the City of St. Paul and the HRA, which provided tax-increment financing (TIF) from existing TIF district budget savings. Ryan is serving as developer, builder and designer. Completed developments at Highland Bridge include The Collection, a 230-unit apartment building with a flagship Lunds …

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DevelopmentMultifamilyNew YorkNortheastTop Stories

Charney, Tavros to Build 1,000-Unit Apartment Tower in Brooklyn

by Kristin Harlow

NEW YORK CITY — Charney Cos. and Tavros have unveiled plans to build 175 Third Street, a 1 million-square-foot apartment tower in Brooklyn’s Gowanus area. The 27-story building will feature more than 1,000 units, approximately 250 of which will be designated as affordable housing. The development cost, including the land purchase, is estimated at roughly $1 billion, according to the New York Post. The project marks the fifth building on four different sites in the new Gowanus Wharf development by Charney and Tavros. Catalyzed by the major Gowanus rezoning in 2021, the new development will feature a public park along the Gowanus Canal. According to a release, the project will contribute to the rehabilitation of the canal while supporting the continued evolution of the industrial Brooklyn neighborhood. Bjarke Ingels Group (BIG) designed the new tower along with dencityworks | architecture. BIG previously completed a design for the same site in 2023 for a different owner. Charney and Tavros purchased the site in May for $160 million. “Our design for 175 Third Street in Gowanus is conceived as a three-dimensional neighborhood of building blocks stacked to frame a central park cascading down toward the canal waterfront,” says Bjarke Ingels, founder and …

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CivicDevelopmentOfficeRetailTexas

City of Sugar Land Approves $12.5M for Renovation, Modernization of Downtown Commercial Center

by Taylor Williams

SUGAR LAND, TEXAS — The City of Sugar Land, located southwest of Houston, has approved $12.5 million in funding for the renovation and modernization of the city’s downtown commercial center, known as Sugar Land Town Square. Under the terms of the funding agreement, Building B will receive upgrades to its communal office and amenity spaces, as well as its landscaping and streetscaping. In addition, Building H will see renovations to its entryway, lobby and signage, along with updates to the garden area and new furniture, fixtures and equipment. Sugar Land Town Square, which spans 32.8 acres and opened in 2003, is currently 73 percent leased across its office, retail and restaurant components.

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CivicDevelopmentTexas

Del Valle ISD, Thinkery Open 25,227 SF Immersive Childcare Facility in East Austin

by Taylor Williams

AUSTIN, TEXAS — A partnership between the Del Valle Independent School District (ISD), which serves Travis County, and The Thinkery, a children’s museum in Austin, has opened a 25,227-square-foot immersive childcare facility. Designed by Pfluger Architects and located east of the downtown area, the facility features color-coded, dedicated classrooms for infants, toddlers and preschoolers, as well as a central courtyard, library and an array of museum-style, interactive learning exhibits and activities. American Constructors served as the general contractor for the project.

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AcquisitionsDevelopmentMarylandOfficeSoutheast

JLL Arranges Sale of 222,000 SF Office Building in North Bethesda, Buyer Plans Repositioning

by John Nelson

NORTH BETHESDA, MD. — JLL has arranged the sale of a 222,000-square-foot office building located at 2101 E. Jefferson St. in North Bethesda. Jim Meisel, Dave Baker, Andrew Weir and Kevin Byrd of JLL represented the seller and procured the buyer in the transaction. Both parties requested anonymity, and the sales price was also not disclosed. Meisel says that the buyer plans to reposition the vacant office building for another use, plans of which were not released. Built in 1985, the office property is situated on 4 acres near Pike & Rose, a mixed-use development by Federal Realty Investment Trust that features more than 50 shops and restaurants and more than 750 apartments.

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ArizonaDevelopmentMixed-UseOfficeRestaurantRetailWestern

Wespac Breaks Ground on Sprouts Farmers Market Headquarters in Phoenix

by Amy Works

PHOENIX — Wespac Construction has broken ground for the construction of Sprouts Farmers Market headquarters, a mixed-use campus in north Phoenix. Trammell Crow Co. is developing the project, which was designed by RSP Architects. Keyser and JLL are handling brokerage services for the project. Located within CityNorth near 56th Street and Loop 101, the 180,000-square-foot campus will feature a four-story, 144,500-square-foot Class A office building, a 25,000-square-foot flagship Sprouts grocery store, 11,000 square feet of high-end retail and restaurant space and a three-story parking garage. The campus will also offer modern amenities, including an onsite gym, yoga studio, top-floor deck, Press Coffee café, culinary kitchens, tasting rooms and a garden for chef-driven meals and community events. Sprouts will transition from its current 96,000-square-foot space to the new location by August 2026.

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