Wednesday, November 12, 2025
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Development

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Build-to-RentDevelopmentMultifamilySeniors HousingSingle-Family RentalTexas

Carbon Shepherd Begins Leasing 78-Unit Seniors Housing Property in San Antonio

by Taylor Williams

SAN ANTONIO — Dallas-based Carbon Shepherd Development has begun leasing a 78-unit seniors housing property in the Westover Hills area of San Antonio. Woodland Cottages Westover Hills offers one- and two-bedroom residential-style cottages that are furnished with stainless steel appliances and full-size washers and dryers, with attached garages and fenced backyards available in select residences. Amenities include a pool, clubhouse with a game room and a fitness center. Rents start at $2,700 per month for a one-bedroom home.

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DevelopmentMultifamilySeniors HousingTexas

Thrive Senior Living, Orison Holdings to Open 75-Unit Complex in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Atlanta-based owner-operator Thrive Senior Living and locally based investment and development firm Orison Holdings will open Sagewood at Heritage Glen, a 75-unit complex that will be located in Fort Worth. The property will offer 50 assisted living suites and 25 memory care suites. Arrive Architecture Group designed the facility, which is scheduled to open in 2026.

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DevelopmentMultifamilyNew YorkNortheast

Haussmann Development Begins Leasing 76-Unit Apartment Complex in Brooklyn

by Taylor Williams

NEW YORK CITY — Haussmann Development has begun leasing The Eve, a 76-unit apartment complex in the Crown Heights area of Brooklyn. The Eve features studio, one- and two-bedroom units, 23 of which are reserved as affordable housing, and select residences offer private balconies. Amenities include a rooftop deck with grilling stations, fitness center, children’s play area, clubroom and a pet washing station. Rents start at about $3,100 per month for a studio apartment. Haussmann has also received a $40.7 million loan from ACRES Capital for the refinancing of the property’s construction debt. Alan Blank, Zach Kraft and Gideon Gil of Cushman & Wakefield arranged that loan.

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MC820-Logistics-Fort-Worth
DevelopmentIndustrialTexas

Creation, Crow Holdings to Develop 451,032 SF Industrial Project in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Phoenix-based developer Creation and a fund advised by Crow Holdings Capital will develop a 451,032-square-foot industrial project in North Fort Worth. Known as MC820 Logistics, the development will consist of three buildings on a 38-acre site that will have parking for 473 cars and 42 trailers. LGE Design Build is leading the architecture and construction aspects of the project in collaboration with Manhard Civil Consulting. The first phase of construction is scheduled to begin this summer and to be complete in late 2026. Holt Lunsford Commercial has been tapped as the leasing agent.

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AcquisitionsDevelopmentRestaurantRetailTexas

Younger Partners Arranges Sale of 42-Acre Retail Development Site in Lucas, Texas

by Taylor Williams

LUCAS, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of a 42-acre retail development site in Lucas, roughly 30 miles northeast of Dallas. The buyer, an affiliate of Dallas-based Malouf Interests, plans to develop a 130,000-square-foot grocery-anchored shopping center, a 25,000-square-foot restaurant village with 15 adjacent pad sites and a community park on the site. Michael Ytem and Tom Grunnah of Younger Partners represented both the buyer and the seller, JCBR Holdings, in the transaction. Construction is slated to begin in the fourth quarter, with completion anticipated for 2026.

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Soto-Apts-Torrance-CA
CaliforniaDevelopmentMultifamilyWestern

Legacy Partners, DWS Break Ground on 200-Unit Apartment Community in Torrance, California

by Amy Works

TORRANCE, CALIF. — Legacy Partners, in partnership with DWS Group, has started construction of Soto, a 200-unit multifamily property in Torrance. Located at 3862 Carson St., Soto will offer studio, one- and two-bedroom layouts ranging from 633 square feet to 1,118 square feet. Soto will feature a rooftop pool and amenity deck with an indoor/outdoor fitness center, resident clubhouse, coworking area and two courtyards with pedestrian access from the street. The project team includes AO as designer and Westport Construction as general contractor. Completion is slated for summer 2027.

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CaliforniaDevelopmentOfficeWestern

Allied Commercial Completes Conversion of Historic Los Angeles Post Office into Creative Campus

by Amy Works

LOS ANGELES — Allied Commercial has completed the conversion and restoration of an historic 85-year-old post office located at 1601 Main St. in the Venice area of Los Angeles. The 23,690-square-foot creative campus now serves as a versatile event space with dedicated artist studios, collaborative workspace, production offices and facilities, a mixed-use theater, recording studio, podcast suites, a coffee shop and an outdoor garden. Additionally, the site serves as the headquarters of Lighthouse Creative Group. The Louis Simon-designed post office was built as part of President Franklin Roosevelt’s New Deal. Completed in 1939, the Mediterranean Revival-style property was also adorned with an interior mural, “Abbot Kinney and the Story of Venice” painted by Edward Biberman in 1941. The conversion and restoration project reinstalled the mural and completed interior and exterior renovations and upgrades following rehabilitation guidelines from the Secretary of the Interior’s Standards of Historic Properties. The project team included Chattel as historic preservation consultants, Pacific Edge as project manager, Both Design Architects as architect and JTM Construction Group as general contractor.

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ArizonaDevelopmentRetailWestern

Diversified Partners Begins Development of 25,000 SF Shopping Center in Glendale, Arizona

by Amy Works

GLENDALE, ARIZ. — Diversified Partners has broken ground on Shops at the Cardinal, a 25,000-square-foot shopping center located in Glendale, approximately nine miles northwest of Phoenix. Situated near State Farm Stadium, the $20 million project will span 9 acres and feature a mix of retail and restaurant concepts, as well as multiple drive-thru options and outdoor seating. Confirmed tenants at the property — which is nearing full lease-up — include Swig; Señor Taco; Nautical Bowls; Starbucks Coffee; Bonchon; Pacific Dental Services; La Botana; Jeremiah’s Italian Ice; a Mexican sushi concept; a nail salon and spa; and McDonald’s, who will occupy its own building. Additionally, 1,200 square feet is still available for lease. Further tenant build-outs will begin later this year, with openings anticipated for early 2026. The Renaissance Cos. is serving as the general contractor, while RKAA Architects is designing the center.

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CaliforniaDevelopmentRetailWestern

Miniso to Open 12,000 SF Store at Pacific Commons Shopping Center in Fremont, California

by Amy Works

FREMONT, CALIF. — Miniso, a global lifestyle brand known for its trendy, high-quality and affordable products, will open its largest Bay Area store at Pacific Commons Shopping Center in Fremont. Slated to open by year’s end, the 12,000-square-foot flagship location will be situated at Boscell Road and Curie Street, next to T.J. Maxx and across the street from Costco. Phoenix-based Vestar manages Pacific Commons Shopping Center at 880 Freeway at Auto Mall Parkway. The retail center is home to more than 55 restaurants and retailers, including T.J. Maxx, Costco, Target, Nordstrom Rack and Sephora. Lynne Thier of Colliers represented Miniso in the transaction.

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DevelopmentMidwestMissouriMultifamilySeniors Housing

Avenue Opens 161-Unit Active Adult Community in Suburban St. Louis

by Kristin Harlow

ST. PETERS, MO. — Seniors housing developer Avenue has opened its first Viva Bene active adult community in the St. Louis suburb of St. Peters. Viva Bene is Avenue’s active adult brand and is focused on offering midmarket-priced rental rates. At nearly 200,000 square feet, the St. Peters property offers 161 units. In the three months since its soft opening, the community is 50 percent leased. In addition to providing readily available preventive healthcare, Viva Bene provides a holistic wellness hub with fitness, yoga and meditation classes, a fully appointed gym, healthy cooking workshops and other wellness-focused experiential education. Residents can enjoy pools, pickleball courts and picnic areas. Unique to the Viva Bene model is a third-party collaboration with Sevi Health for preventive health services. Residents can opt to receive care navigation and chronic care management services from Sevi Health and also access primary care from the medical practice’s providers. Viva Bene leases are based on each metropolitan area’s midmarket rental pricing. At Viva Bene St. Peters, one-bedroom units start in the $1600s per month. Garage parking and additional storage units are the only add-on fees. This differs from continuum-of-care communities where monthly prices average $3,450 and fees for buy-in …

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