Development

Whole Foods to Open 60,000 SF Store in Manhattan

by Alex Patton August 23, 2019

NEW YORK CITY — Whole Foods Market will open a 60,000-square-foot store within 63 Madison Avenue, a 15-story office building in Manhattan. The store will occupy 10,000 square feet on the ground floor of the building and 50,000 square feet on the second floor. The building owner, a partnership between George Comfort & Sons, Jamestown and Loeb Partners Realty, plans to renovate the first and second floors with glass walls and a new lobby. The time frame of the construction was not specified. Peter Duncan, Matt Coudert and Alex Bermingham of represented the landlord on an internal basis in the lease negotiations.

August 23, 2019

Development Massachusetts Multifamily Northeast

Fantini & Gorga Arranges $20.5M Construction Loan for Multifamily Project in Mansfield, Massachusetts

by Alex Patton August 23, 2019

MANSFIELD, MASS. — Fantini & Gorga has arranged a $20.5 million construction loan for 300 North Main, a multifamily development in Mansfield, a city located about 25 miles south of Boston. Two undisclosed, Massachusetts-based financial institutions provided a total of $19 million, and a group of private investors provided and additional $1.5 million. The property will offer one- and two-bedroom apartments, including 15 affordable units, as well as 11,674 square feet of retail space. A joint venture between two Massachusetts-based developers, Arista Development LLC and Crugnale Properties LLC, will develop the project. Massachusetts-based Annino Inc. is the architect. Construction is slated for completion in mid-2020.

August 23, 2019

Development Kansas Midwest Retail

Academy Bank Opens New Retail Banking Center in Overland Park, Kansas

by Kristin Harlow August 23, 2019

OVERLAND PARK, KAN. — Academy Bank, a full-service community bank and wholly owned subsidiary of Dickinson Financial Corp., has opened a new retail banking center in Overland Park. The new branch spans 2,356 square feet and is located at 6976 W. 135th St. It is Academy Bank’s second branch in Overland Park. In addition to ATM and mobile services, the location features interactive teller machine video banking. By the end of the year, the Overland Park branch will also feature Academy Express, a drive-thru video banking service that connects to a live banker seven days a week. Academy Bank also operates centers in Fairway, Lenexa, Olathe and Shawnee.

August 23, 2019

California Development Multifamily Western

Fore Property Opens Two New Multifamily Communities in Southern California

by Amy Works August 23, 2019

RANCHO CUCAMONGA AND CAMARILLO, CALIF. — Fore Property has completed the development and construction of two multifamily communities in Southern California: Arte in Rancho Cucamonga and Las Positas in Camarillo. Located on Foothill Boulevard, the mixed-use, transit-oriented Arte features 182 apartments on an infill site. Designed by California-based Architects Orange, the property features a contemporary design with a bold color palette and articulated architectural details. On-site amenities include the region’s first rooftop lounge, a swimming pool, spa, two-story fitness center, dog park, karaoke room, outdoor grilling areas and entertainment patio with an outdoor fireplace. Situated in Camarillo’s Spanish Hills neighborhood, Las Positas was designed by Architects Orange to pay homage to the region’s Spanish-design history. The 213-unit community features a mix of one- and two-bedroom apartments, a two-story clubhouse, billiard room, large fitness center, yoga and spin rooms, resort-style pool, community garden and dog park. Additionally, the commuter-friendly Las Positas is close to more than 1.2 million square feet of retail in Camarillo Premium Outlets. Both Arte and Las Positas are seeking LEED Silver certification.

August 23, 2019

Development Florida Mixed-Use Southeast

Liberty Investment Leads New Mixed-Use Development in Downtown Orlando

by Alex Tostado August 22, 2019

ORLANDO, FLA. — Liberty Investment Properties, in a partnership with private investors, is developing a new mixed-use development in downtown Orlando. Liberty Corner will be a three-story building that will house 150,000 square feet of retail and restaurant space and a climate-controlled self-storage facility. My Neighborhood Storage Center of Magnolia will operate the nearly 700 self-storage units. Liberty Investment Properties will manage the property, which is expected to open at the end of 2020.

August 22, 2019

Development Midwest Minnesota Office

Opus Completes Repositioning of Former Target Corporate Campus in Minneapolis

by Kristin Harlow August 22, 2019

MINNEAPOLIS — The Opus Group has completed the repositioning of Target’s former west corporate campus in Minneapolis. The single-tenant office building has been transformed into multi-tenant space. The property, located at 3701 Wayzata Blvd., spans nine stories and 307,000 square feet. Tactile Medical has leased 114,000 square feet at the project, along with SRF Consulting Group Inc. leasing 70,000 square feet and Regis Corp. leasing 65,000 square feet. Approximately 55,000 square feet remain available for lease. Amenities include a renovated café, half-basketball court, bocce ball, fitness center and indoor bike lounge. The eighth floor includes a clubroom, rooftop patio, conference room and entertainment areas. Opus served as developer, design-builder, architect and engineer of record. Perkins+Will provided interior design consulting services. The project was a joint venture with Principal Real Estate Investors. TCF Bank provided financing. Target still maintains its headquarters in Minneapolis along Nicollet Mall.

August 22, 2019

Development Industrial New Jersey Northeast

Rockefeller Group Breaks Ground on 900,022 SF Industrial Property in Edison, New Jersey

by Alex Patton August 22, 2019

EDISON, N.J. — Rockefeller Group, a New York-based developer, has broken ground on a 900,022-square-foot industrial property in Edison, about 30 miles southwest of New York City. The speculative distribution center will be located on 56 acres off Route 27 and will feature 40-foot ceiling heights, 150 dock doors and 464 parking stalls. New Jersey-based KSS Architects is designing the project, construction of which is slated for completion in August 2020.

August 22, 2019

Development Retail Texas

Cinemark to Open Eight-Screen Movie Theater in Cypress, Texas

by Taylor Williams August 22, 2019

CYPRESS, TEXAS — Cinemark Holdings will open an eight-screen CUT! by Cinemark movie theater in Cypress, a northwestern suburb of Houston. The theater will feature wall-to-wall screens, enhanced sound systems, a full-service food menu and bar and an outdoor patio with a fireplace and games. Washington Prime Group will develop the theater, with construction scheduled to begin in November and the opening slated for July 2020.

August 22, 2019

Development Florida Multifamily Southeast

Summit Contracting Breaks Ground on 288-Unit Multifamily Complex Near Disney World

by Alex Tostado August 21, 2019

KISSIMMEE, FLA. — Summit Contracting Group has broken ground on Sentosa Sinclair, a 288-unit multifamily complex in Kissimmee spanning 10 buildings and 367,043 square feet. The property will be located near the master-planned community of Reunion and Disney World. Communal amenities will include a clubhouse, swimming pool, fitness center, mail kiosk, playground and a dog park. Construction is planned to be complete in January 2021. Sentosa Sinclair Apartments LLC, an affiliate of Reunion developer Falcone Group, is building Sentosa Sinclair. St. Petersburg, Fla.-based ARC3 Architecture Inc. is the architect.

August 21, 2019

Development Mixed-Use North Carolina Southeast

Canopy to Begin Construction on 120,000 SF Adaptive Reuse Project in Charlotte

by Alex Tostado August 21, 2019

CHARLOTTE, N.C. — Canopy will break ground on an adaptive reuse project in Charlotte’s NoDa (North of Davidson) neighborhood. The project, known as Indigo CLT, will be located at 4000 Raleigh St. and will comprise 60,000 square feet of industrial space, 40,000 square feet of office space and 20,000 square feet of retail space. Situated along Charlotte’s LYNX Blue Line, the existing building on the site was built in 1954 as the former home to a mill company. Redevelopment plans for Indigo CLT will highlight the existing original architectural features, including its 18-foot ceilings, exposed brick and numerous skylights. The redevelopment plans also include a boutique apartment community adjacent to the existing building. Canopy and The Nichols Co. plan to target complementary retail tenants to support Indigo CLT’s live-work-play dynamic, such as a coffee shop/juice bar, second-generation brewery, bodega and fitness concept. Charlotte-based Canopy expects the project to deliver in spring 2020.

August 21, 2019

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