Tuesday, January 20, 2026
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Development

AcquisitionsDevelopmentFloridaIndustrialSoutheast

Parkway Sells 705,000 SF Industrial Building at Lakeland Central Park in Central Florida, Plans Phase II Expansion

by John Nelson

LAKELAND, FLA. — Parkway has sold LCP 200, a 705,000-square-foot industrial building located within Lakeland Central Park. The buyer was not disclosed, but The Ledger reports that Ashley Furniture purchased the facility for $70.5 million. Jared Bonshire, David Perez, Taylor Zambito, Ryan Hubbard, Lisa Ross and Trey Carswell of Cushman & Wakefield represented Parkway in the transaction. Since breaking ground in 2021, Parkway has completed the first phase of Lakeland Central Park, including the delivery of multiple pad-ready sites and the construction of LCP 200. Phase II of Lakeland Central Park will feature an extension to Winston Park Boulevard for direct interstate access, a 260,000-square-foot cross-dock industrial building and additional pad-ready sites that can accommodate 162,000 square feet to 1.6 million square feet.

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DevelopmentHospitalityLoansMixed-UseSoutheastTennessee

Concord Summit Capital Secures $25M Loan for Park Place Equinox Hotel Tower in Downtown Nashville

by John Nelson

NASHVILLE, TENN. — Concord Summit Capital has secured a $25 million bridge loan for Park Place Equinox, a hotel tower located within the 2.1-acre Park Place master-planned community in downtown Nashville. The loan will refinance an existing acquisition facility and provide pre-development funding for the project that will support final design and entitlement work. Kevin O’Grady, David Larson and Keegan Burger of Concord Summit’s Miami office arranged the financing on behalf of the co-developers, The Congress Group and Taurus Investment Holdings. The hospitality tower will be one of the first new developments branded and operated by Equinox Hotels. Plans for Park Place Equinox will include an 18,000-square-foot Equinox Club and spa, rooftop pool and lounge and exclusive resident amenities. At full build-out, the three-tower Park Place development will feature a 239-unit luxury condominium tower, 245-room hotel, 480-unit apartment building, more than 25,000 square feet of ground-floor retail space, a 962-space underground parking garage and 50,000 square feet of elevated park and open green space. Park Place is currently in pre-development phases, with vertical construction anticipated to begin in 2026.

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DevelopmentHealthcareNorth CarolinaRetailSoutheast

UNC Health Pardee Breaks Ground on 39,000 SF Adaptive Reuse Clinic in Downtown Brevard, North Carolina

by John Nelson

BREVARD, N.C. — UNC Health Pardee, a health system managed by UNC Health that operates hospitals and clinics in Western North Carolina, has broken ground on a 39,000-square-foot adaptive reuse project in downtown Brevard. The developers behind the project include Riddle Development LLC, Layr LL and Osprey Capital. The team acquired the property, a 1960s-era retail strip center, for $2.6 million. Medalist Capital and United Community Bank are providing construction financing for the redevelopment, which is anticipated to cost $15 million in renovations. Upon completion, the new medical office building will feature 48 exam rooms for primary care services, a retail pharmacy, specialty rotation services, a 50-person conference and community room and a 300-person waiting room and event space. UNC Health Pardee plans to take occupancy in January.

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Trolley-North-Apts-Salt-Lake-City-UT
DevelopmentMultifamilyStudent HousingUtahWestern

Brinkmann Constructors, Kayne Anderson Break Ground on 607-Bed Student Housing Community in Salt Lake City

by Amy Works

SALT LAKE CITY — Brinkmann Constructors, in partnership with Kayne Anderson, has broken ground on Trolley North Apartments, an eight-story student housing community in Salt Lake City. The 395,000-square-foot property will offer 200 apartments units, totaling of 607 beds, and four levels of parking. Located near the University of Utah, Trolley North Apartments is being built in two phases. The first phase consists of the six-month construction of an eight-story stair tower to support rooftop cellular equipment. The cellular equipment must be relocated before the start of the second phase — the construction of the student housing development. BKV Group will serve as the project architect.

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DevelopmentIllinoisMidwestMultifamily

Q Investment Partners, Melrose Ascension Capital Open 18-Story Apartment Tower in Chicago

by Kristin Harlow

CHICAGO — Q Investment Partners (QIP) and Melrose Ascension Capital (MAC) have opened Straits Row, an 18-story rental tower combining traditional apartments with co-living units in Chicago’s South Loop. Located at 633 S. LaSalle St. within the historic Printers Row neighborhood, the 132-unit building offers 358 private, fully furnished residential spaces. Singapore-based QIP sponsored the development and collaborated with MAC as its Chicago-based, local partner to co-develop the project. QIP acquired the site from PMG and The Collective. Straits Row represents QIP’s flagship residential development in the United States and builds on its Straits-branded student housing and co-living communities in the United Kingdom. Straits Row provides a range of options from studios to four-bedroom layouts. In the co-living units, residents share a kitchen and living space while enjoying private bedrooms and bathrooms. Residents have access to 15,000 square feet of amenity and social spaces across two levels. The ground-level Printers Room serves as a coworking lounge with private study rooms, lounge seating, an outdoor patio and coffee bar. On the penthouse level, amenities include a resident lounge, fitness and wellness center, private dining area and pool deck. Throughout the building, a curated art program features pieces that pay tribute to …

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DevelopmentIndustrialKansasMidwest

Brinkmann Constructors Breaks Ground on 467,000 SF Warehouse in Gardner, Kansas

by Kristin Harlow

GARDNER, KAN. — Brinkmann Constructors has broken ground on Crossroads Commerce Center Phase I, a 467,000-square-foot warehouse in Gardner, a southwest suburb of Kansas City. Panattoni Development Co. is the developer. Located on a 24-acre site, the project marks the first phase of an eight-building, master-planned industrial park. Gray Design Group is the architect.

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Downtown-Chesterfield-Missouri
DevelopmentMidwestMissouriMixed-UseTop Stories

Staenberg Group Begins Phase I of 4.5 MSF Mall Redevelopment Project Near St. Louis

by Taylor Williams

CHESTERFIELD, MO. — Locally based developer The Staenberg Group has begun Phase I of a 4.5 million-square-foot mall redevelopment project in Chesterfield, a western suburb of St. Louis. According to local news sources, including The St. Louis Business Journal, the mixed-use project is valued at roughly $2 billion. Known as Downtown Chesterfield, the project is a re-imagining of the former site of the Chesterfield Mall, demolition of which is now complete save for the department store buildings of former anchors Macy’s and Dillard’s. The first phase of new development will involve grading the site and installing infrastructure, creating a 3.3-acre central park and building utilities and streets. At full build-out, Downtown Chesterfield will feature up to 2,363 residential units, including 1,000 to be developed as part of Phase I. Residential buildings will include retail and restaurant space, and the Macy’s building will be repurposed to support retail and office uses. The Dillard’s store will be modernized and upgraded and could re-open in advance of the 2026 holiday shopping season. “This is more than just tearing down a mall — it’s laying the foundation for the future of Chesterfield,” said Michael Staenberg, president of The Staenberg Group. “You’ll drive in off Clarkson …

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Williams-Ranch-Vista-Fort-Bend-County
DevelopmentMultifamilyTexas

Vista Residential Partners Breaks Ground on 375-Unit Multifamily Project in Metro Houston

by Taylor Williams

FORT BEND COUNTY, TEXAS — Atlanta-based Vista Residential Partners has broken ground on Williams Ranch Vista, a 375-unit multifamily project that will be located on the southwestern outskirts of Houston. The 18.2-acre site is adjacent to the Williams Ranch master-planned development in Fort Bend County. Williams Ranch Vista will offer one- and two-bedroom units that will be furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities will include a pool, fitness area, clubhouse, package center and a dog park. Vista is developing the project in partnership with Parse Capital, A16Z and BOK Financial. Completion is scheduled for spring 2027.

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Zia-Flats-Santa-Fe-NM
DevelopmentMultifamilyNew MexicoWestern

Aberg Property to Develop 244-Unit Zia Flats Apartment Property in Santa Fe

by Amy Works

SANTA FE, N.M. — Aberg Property Co. is developing Zia Flats, a 244-unit apartment property, as part of Phase I of the Zia Station mixed-use project in Santa Fe. The land is owned by Zia Station LCC, which will be a joint venture partner in the development. Aberg Property Co. and Zia Station LLC have partnered with Sunward Bank for the financing. Located at the northeast corner of St. Francis Drive and Zia Road, Zia Flats will offer 24 onsite affordable units, a resort-style pool, clubhouse with coworking space, a fitness center and outdoor space with large courtyards featuring fire pits and other amenities. The asset will consist of six two- and three-story buildings. The new community is expected to be under construction for approximately 22 months and will open in early 2027. The second phase of Zia Station, which will feature commercial and residential use, is in the early design stages.

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DevelopmentGeorgiaLife SciencesMixed-UseOfficeSoutheast

Georgia Tech Repositions Biltmore Building in Midtown Atlanta as Strategic Hub in Tech Square

by John Nelson

ATLANTA — The Georgia Institute of Technology (Georgia Tech) has launched The Biltmore at Tech Square, a 286,931-square-foot mixed-use building located within the larger 2.5 million-square-foot Tech Square innovation district of Midtown Atlanta. The Biltmore building originally opened in 1924 as a grand hotel before transitioning to office space in the 1990s. The property housed the first radio station in Atlanta. Georgia Tech purchased the property in 2016. The school has tapped Collaborative Real Estate, helmed by David Tyndall, an original co-developer of Tech Square, to oversee the Biltmore’s redevelopment. The reimagined Biltmore houses more than 100,000 square feet of Georgia Tech’s innovation sector, including the CREATE-X headquarters (Georgia Tech’s flagship student startup accelerator); Quadrant-i (Georgia Tech’s gateway for launching research-driven ventures); Office of Technology Licensing; VentureLab (home of the National Science Foundation Innovation Corps Southeast hub); Startup Scaling Platform; Corporate Engagement Office; and the Venture Investment Hub, as well as additional strategic partners. “Atlanta is becoming the startup capital of the South, and this next chapter for The Biltmore strengthens our momentum,” says Atlanta Mayor Andre Dickens. “We are bringing together the people, places and resources to accelerate Atlanta’s growth as a world-class tech and innovation ecosystem.” Upon completion, …

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