Development

Canadian Solar’s e-Storage to Develop $712M Battery Manufacturing Facility Near Louisville, Kentucky

by Hayden Spiess November 18, 2024

SHELBYVILLE, KY. — Shelbyville Battery Manufacturing, a subsidiary of e-Storage, has announced plans to develop a $712 million project in Kentucky, establishing a 6-gigawatt hour battery cell, module and packaging manufacturing facility. Based in Canada, e-Storage is a subsidiary of Canadian Solar — a battery energy storage systems design, manufacturing and integration company. Upon completion, the development will comprise a 1 million-square-foot building located on Logistics Drive in Shelbyville, roughly 35 miles east of Louisville. Shelbyville Battery Manufacturing will produce self-contained energy storage systems at the facility that will be packaged into modular, containerized utility-scale batteries. “The new plant will allow us to provide our U.S. customers with cutting-edge, American-made battery energy storage products,” says Colin Parkin, president of e-Storage. According to a press release issued by the office of Kentucky Gov. Andy Beshear, the project will create 1,572 permanent jobs and marks the third-largest project for job creation during Beshear’s administration, which began in 2019. In August, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 15-year incentive agreement with Shelbyville Battery Manufacturing to provide up to $35 million in tax incentives. The authority also approved the manufacturer for up to $5 million in tax incentives through the …

November 18, 2024

Development Industrial Texas

KDC Delivers 422,000 SF Distribution Center for Oncor in Midlothian, Texas

by Taylor Williams November 15, 2024

MIDLOTHIAN, TEXAS — Dallas-based developer KDC has delivered a 422,000-square-foot, build-to-suit distribution center for energy services provider Oncor in Midlothian, a southern suburb of Dallas. The site spans 60.7 acres, and the facility features a cross-dock configuration, 36-foot clear heights, interior offices, a break room and training rooms. Alliance Architects designed the project, and Peinado Construction served as the general contractor. Construction began in December 2023.

November 15, 2024

Development Industrial New Jersey Northeast

Altman to Develop 140,000 SF Industrial Project in Parsippany, New Jersey

by Taylor Williams November 15, 2024

PARSIPPANY, N.J. — A division of Altman, a South Florida-based investment firm formerly known as BBX Capital, will develop Apex Logistics at Parsippany, a 140,000-square-foot industrial project in Northern New Jersey. The 10.5-acre site is located about 30 miles from multiple air and seaports and currently houses an office building. Altman is developing the project in partnership with Renard Investments and DHS Real Estate Investment Management. Truist Bank has provided $22 million in construction financing for the project. Construction is expected to begin early next year and to last about a year.

November 15, 2024

Development Multifamily New York Northeast

Baron Property Group Completes 92-Unit Multifamily Project in Manhattan

by Taylor Williams November 15, 2024

NEW YORK CITY — New York-based developer Baron Property Group has completed The Park Overture, a 92-unit multifamily project in Manhattan’s Washington Heights neighborhood. The property offers one- and two-bedroom units that include individual washers and dryers and amenities such as a fitness center, courtyard, dog run and indoor bike storage space. Rents start at $2,950 per month for a one-bedroom apartment. Baron delivered the property 35 percent preleased.

November 15, 2024

California Development Industrial Western

DECA Breaks Ground on 855,330 SF Perris Gateway Distribution Facility in California’s Inland Empire

by Amy Works November 15, 2024

PERRIS, CALIF. — San Francisco-based DECA has broken ground on a warehouse and distribution facility within Perris Gateway, a fully entitled, speculative cross-dock development on 42 acres in Perris. The new warehouse facility is the second phase of the project, with the first phase consisting of 27,000 square feet of retail space that began construction along Ramona Expressway in March 2023. The 855,330-square-foot industrial building will offer a clear height of 40 feet, 124 dock and four grade loading doors, separate 308 trailer stalls and ample auto parking, heavy power, on-site queuing lane and future adjacent retail amenities. The property is situated at the southeast corner of Ramona Expressway and Nevada Road, just off the Interstate 215 on/off ramp. Andrew Starnes, Phil Lombardo and Cruise Adams of Cushman & Wakefield are handling leasing efforts for the warehouse facility. DECA recently closed on a $135 million construction loan to fund the development of the new warehouse facility. The loan was provided by Affinius Capital and Bank OZK. The equity commitment originated from DECA’s principals and Wildcat Capital Management.

November 15, 2024

Development Multifamily Washington Western

HSR, MetLife Start Construction of 244-Unit Multifamily Community in Seattle

by Amy Works November 15, 2024

SEATTLE — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co., and capital partner MetLife Investment Management have broken ground on a residential community in Seattle. Slated for completion in fourth-quarter 2026, the seven-story, transit-oriented development is situated in Seattle’s Roosevelt neighborhood. Located at 6716 Roosevelt Way NE, the property will offer 244 studio, one- and two-bedroom apartments with air conditioning, a unique feature among multifamily projects in the Roosevelt neighborhood. Community amenities will include a two-story coworking space, rooftop clubroom with indoor and outdoor spaces, fitness center and ground-floor retail space. The property is located a half block from the Roosevelt Link Light Rail station, offering residents an 11-minute commute to downtown Seattle, a 35-minute commute to downtown Bellevue, Wash., and a 48-minute commute to Overlake and Redmond, Wash. Weinstein A+U designed the project and Chinn Construction is serving as general contractor. Avenue5 will serve as property manager.

November 15, 2024

Alabama Data Centers Development Georgia South Carolina Southeast Top Stories

DC BLOX to Develop 68-Acre Data Center Campus in Metro Atlanta, Three New Data Centers Across Southeast

by John Nelson November 15, 2024

ATLANTA — DC BLOX will develop four new data centers in the Southeastern United States. The company is currently underway on its 68-acre Atlanta East campus in Conyers, Ga., roughly 24 miles east of downtown Atlanta. The facility will consist of two buildings with more than 1 million square feet of data center space at full build-out. The campus will initially deliver 10 megawatts (MW) of power for an undisclosed hyperscale client, with an expansion capacity of up to 120 MW for additional clients. Data center power refers to the amount of energy required to operate all the components of the facility, including servers and related IT hardware, as well as the cooling systems. DC BLOX broke ground on the project in September 2024. Delivery is slated for the fourth quarter of 2025. “DC BLOX’s presence in Conyers is a transformative step for our region,” says Kevin Hanna, president of the development authority of Rockdale County through the Conyers Rockdale Economic Development Council. “Their collaboration with local stakeholders and commitment to innovation will be foundational for future tech investments in our community.” In conjunction with the Atlanta East data center, DC BLOX will build a network of fiber cables around …

November 15, 2024

Affordable Housing Development Multifamily Texas

NRP Group Completes 318-Unit Affordable Housing Project in South Austin

by Taylor Williams November 14, 2024

AUSTIN, TEXAS — The NRP Group, a multifamily developer based in Cleveland, has completed Bridge at Estancia, a 318-unit affordable housing project in South Austin. Designed by HEDK Architects, the property is located on a 15-acre site within the 600-acre Estancia Hill Country master-planned development. Units come in one-, two-, three- and four-bedroom floor plans and are reserved for renters earning 60 percent or less of the area median income. Amenities include a pool, fitness center, outdoor grilling and dining areas, business center, activity room and a playground. Financing for the project included a $20 million housing tax credit investment from Hudson Housing Capital, along with construction and permanent financing provided by BWE and Deutsche Bank.

November 14, 2024

Development Multifamily Texas

AOG Living Breaks Ground on 168-Unit Active Adult Community in Southeast Austin

by Taylor Williams November 14, 2024

AUSTIN, TEXAS — AOG Living, the Houston-based developer and operator formerly known as Allied Orion Group, has broken ground on Novum Capitol View, a 168-active adult project that will be located in southeast Austin. Designed by Humphreys & Partners, the property will offer studio, one- and two-bedroom units that will be reserved for renters age 55 and above. Amenities will include a saltwater pool, fitness center, hair and nail salon, theater and game lounge, dog park, community gardens and an activity room. CBRE arranged construction financing for the project, completion of which is slated for late 2025.

November 14, 2024

California Development Industrial Western

Rockefeller Group Completes 259,951 SF Distribution Center in Perris, California

by Amy Works November 14, 2024

PERRIS, CALIF. — Rockefeller Group has completed the construction of Patterson Commerce Center, a distribution facility on 14 acres in Perris. The project team included HPA Architects, Huitt-Zollars as engineer and RM Dalton as general contractor. Located on Patterson Avenue and Nance Street, the 259,951-square-foot center offers a clear height of 36 feet, 56-foot by 60-foot column spacing and 145 parking spaces and 59 truck trailer stalls over a 185-foot by 240-foot concrete truck court. Joe McKay, Michael McKay and Michael Fine of Lee & Associates are handling marketing for the property.

November 14, 2024

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