Development

SLI Capital, Atlas Stark to Begin Construction on 65,000 SF East End Market Project in Raleigh

by Alex Tostado November 25, 2019

RALEIGH, N.C. — SLI Capital, a real estate investment management firm, and Atlas Stark, a Raleigh-based real estate development firm, will soon begin the construction of East End Market, a 65,000-square-foot adaptive reuse project located in Raleigh’s East End neighborhood. Common Desk, a Dallas-based coworking space provider, signed on to take 28,423 square feet in East End Market in partnership with Workplace Hospitality Management, which is expanding Common Desk throughout the Carolinas and Tennessee. Common Desk’s East End Market location will feature space for community events, private offices and enterprise suites, as well as custom design elements like local art installations, industrial-sized roll-up doors, conference rooms and an outdoor patio. The project is scheduled for completion in fall 2020.

November 25, 2019

Development Industrial Texas

Stream Realty Acquires 300 Acres in West Houston for New Industrial Park

by Taylor Williams November 25, 2019

BROOKSHIRE, TEXAS — Stream Realty Partners has acquired 300 acres in the western Houston suburb of Brookshire for the development of Empire West Business Park, an industrial development that fronts Interstate 10 and U.S. Highway 90. The initial phase of Stream’s development strategy will center on the delivery of 1 million square feet of speculative product across three buildings. A construction timeline was not released.

November 25, 2019

Development Multifamily Texas

CRG Development Breaks Ground on 242-Unit Apartment Project in Fort Worth

by Taylor Williams November 25, 2019

FORT WORTH, TEXAS — CRG Development has broken ground on 401 Hemphill Apartments, a 242-unit community located in the Near Southside neighborhood of Fort Worth. The property will offer amenities such as a pool, fitness center, coworking space, outdoor grilling stations and a 277-space parking garage. Lamar Johnson Collaborative designed the project, and Cadence McShane is the general contractor. Completion is scheduled for the second quarter of 2021.

November 25, 2019

Development Office Texas

Partnership to Develop 215,000 SF Office Project in Deep Ellum Area of Dallas

by Taylor Williams November 25, 2019

DALLAS — A partnership between Hines, Westdale Real Estate Investment & Management and Ivanhoe Cambridge has acquired land in the Deep Ellum area of Dallas for the development of The Stack Deep Ellum, a 215,000-square-foot commercial project. The 16-story building will be located at 2700 Commerce St. and feature 200,000 square feet of office space and 15,000 square feet of ground-floor retail space. 5G Studio Collaborative is the architect for the project, construction of which is scheduled to begin in December.

November 25, 2019

Development Illinois Midwest Multifamily

Albion Residential Completes 265-Unit Apartment Development in Oak Park, Illinois

by Kristin Harlow November 25, 2019

OAK PARK, ILL. — Albion Residential has completed Albion Oak Park in suburban Chicago. The 265-unit luxury apartment development is located at 1000 Lake St. Floor plans range from studios to three-bedroom units. The property features 7,000 square feet of retail space on the ground floor. Amenities include 20,000 square feet of outdoor space in addition to a wellness center, podcast studio, pet spa and indoor dog room. A 7,000-square-foot lobby is open to the public. Albion developed the project in partnership with Wilton Investment Management. CIBC and Associated Bank provided financing. Village Green manages the property. Clark Construction was the general contractor for the project. Monthly rental rates start at $1,750.

November 25, 2019

Development Midwest Office Wisconsin

Hy Cite Opens 90,000 SF Headquarters in Middleton, Wisconsin

by Kristin Harlow November 25, 2019

MIDDLETON, WIS. — Hy Cite Enterprises has opened its 90,000-square-foot corporate headquarters in Middleton, a suburb of Madison. Designed by EUA and built by Ideal Builders, the new office consolidates three offices and multiple departments into one building. Amenities include a fitness center, café, outdoor garden, demonstration kitchen and underground parking. The project incorporates energy-efficient features such as a solar panel array and high levels of insulation. Hy Cite sells kitchenware through a network of 6,000 independent distributors in the United States, Mexico and South America.

November 25, 2019

Development Industrial Michigan Midwest Self-Storage

U-Haul to Repurpose Former Kmart Store in Warren, Michigan

by Kristin Harlow November 25, 2019

WARREN, MICH. — U-Haul is opening a facility at a former Kmart store at 2000 Ten Mile Road in Warren. Once renovations are complete at the 121,568-square-foot building, the property will house approximately 800 indoor self-storage units. U-Haul will also offer truck and trailer sharing, towing equipment and moving supplies at the 11.5-acre property. The company expects to employ at least 15 team members at the store, which is slated to open by the end of January.

November 25, 2019

Development Northeast Office Pennsylvania

AREP, Partners Underway on Development of 260,000 SF Office Building in Metro Philadelphia

by Alex Patton November 25, 2019

CONSHOHOCKEN, PA. — American Real Estate Partners (AREP), Oliver Tyrone Pulver Corp. (OTP) and Partners Group are underway on the development of Seven Tower Bridge, a 260,000-square-foot office building in Conshohocken, a northern suburb of Philadelphia. OTP will lease 4,000 square feet of space in the new building, and asset management firm Hamilton Lane will lease 130,000 square feet. Amenities include walking paths, a 30-mile bike trail and a fitness center. Skidmore, Owings & Merrill designed the building, which is slated for delivery in early 2021.

November 25, 2019

Acquisitions Development Industrial New York Northeast

Fordham University Acquires 31,786 SF Development Site in The Bronx

by Alex Patton November 25, 2019

NEW YORK CITY — Fordham University has acquired a 31,786 -square-foot development site located at 619 E. Fordham Road in The Bronx. The site is situated one block from the university and currently houses 5,000-square-foot warehouse. Jonathan Squires, Addison Berniker, Michael Fioravanti, Josh Neustadter, and Shayne Soltan of Cushman & Wakefield represented the seller, Six 19 Custom LLC, in the transaction. The sales price was undisclosed.

November 25, 2019

Development Florida Industrial Southeast

Prologis to Build 1 MSF Amazon Fulfillment Center in Auburndale, Florida

by John Nelson November 22, 2019

AUBURNDALE, FLA. — San Francisco-based industrial developer Prologis plans to build a 1 million-square-foot fulfillment center in Auburndale for e-commerce giant Amazon. Situated in the Lakeland MSA about 50 miles east of Tampa, the new facility will house 500 full-time employees who will pick, pack and ship large customer items including sports equipment, patio furniture, fishing rods, pet food, kayaks, bicycles and large household goods. Amazon currently employs more than 13,500 full-time associates throughout Florida. Earlier this week, Amazon announced a similar sized fulfillment center that Hillwood will develop in the metro Memphis town of Olive Branch, Miss. A timeline for construction of the Auburndale facility was not disclosed. The Tampa Bay Business Journal reported in August that the new center will sit on a 146-acre site near the Interstate 4-State Road 559 interchange.

November 22, 2019

Newer Posts

Older Posts