CHARLOTTE, N.C. — Beacon Partners has broken ground on a 150,515-square-foot speculative industrial building located at 13021 General Drive in southwest Charlotte. The project team includes general contractor Choate Construction and Merriman Schmitt Architects. Kleinfelder is providing engineering services, while Fifth Third Bank is providing financing. Additionally, Tim Robertson and Alex Habecker of Beacon Partners are handling leasing internally. The facility is slated to be delivered in shell condition in May 2026. Situated on 12 acres near Charlotte Douglas International Airport, the industrial facility will feature 32-foot clear heights, build-to-suit office space, fenced outside storage, concrete truck courts, ESFR sprinkler systems, side-load accessibility and 30 trailer parking spaces.
DEER VALLEY, UTAH — PACE Equity has funded a $63.3 million mid-construction recapitalization using long-term, fixed-rate C-PACE financing for SkyRidge Resort in Deer Valley. SkyRidge Development is developing SkyRidge Resort. Designed for four seasons, SkyRidge Resort will offer the Stelle Lodge, a six-story resort with a rooftop bar, spa and guest services; a 310-yard golfing range with 15 hitting bays, a three-hole mountain golf course that converts into a nine-hole short course and the Golf Clubhouse with a bar and restaurant, grocer café and curated retail; and an Equestrian Center with a 34-stall barn, indoor and outdoor arena, a European walking path and scenic riding trails. SkyRidge Golf and Clubhouse are slated to open in late 2025, with theStelle Lodge scheduled to open in 2026.
MOUNT VERNON, ILL. — Contegra Construction has completed a 100,000-square-foot manufacturing facility for PVC-maker Manner Polymers in Mount Vernon. The solar-powered facility is located on a 30-acre site at 401 Fountain Place Drive near I-57 and I-64. McKinney, Texas-based Manner Polymers installed and integrated its advanced manufacturing equipment and systems for producing flexible PVC compounds. Once fully operational, the plant is expected to increase the company’s production capacity by 100 million pounds. Powered by a roof-mounted solar array and a 15-acre solar field, the project is anticipated to create more than 60 new jobs. The facility features 11 dock doors, three drive-in doors and 5,000 square feet of office space. Contegra led the design-build team that included architect Gray Design Group and structural engineer Alper Audi. The design-build subcontractor team included Jarrell Mechanical, Haier Plumbing, Bi-State Fire Protection and Clinton Electric.
TAMPA, FLA. — South Florida-based Two Roads Development has received $520 million in construction financing for Pendry Tampa and Pendry Residences Tampa, a hospitality and residential project that will be located in the city’s downtown area. Pendry is a luxury hospitality operating platform and a division of California-based Montage International. New York City-based Sculptor Capital Management and Connecticut-based Nuveen Green Capital provided the financing. The latter’s $290 million contribution came in the form of Commercial Property Assessed Clean Energy (C-PACE) financing. “We are thrilled to have closed the largest C-PACE transaction in history, partnering with Two Roads Development and Sculptor Capital on this transformative luxury property that will redefine Tampa’s skyline,” says Ryan Doyle, senior director of originations at Nuveen Green Capital. “This historic milestone showcases the growing sophistication and scale of C-PACE financing and its capacity to support major developments.” “Awareness of what’s happening in the Tampa Bay region is growing each year, and we received tremendous interest from across the nation to finance this development,” adds Taylor Collins, managing partner of South Florida-based Two Roads Development. Designed by Arquitectonica with interiors by Studio Munge, Pendry Tampa and Pendry Residences Tampa will be housed within a 38-story high-rise building …
KNOXVILLE, TENN. — A joint venture between Landmark Properties and Manulife Investment Management has completed The Mark Knoxville, an 833-bed student housing development located at 124 S. Concord St. near the University of Tennessee campus in Knoxville. The development team for the project included BKV Group and Landmark Construction. The property offers fully furnished units with bed-to-bath parity, ranging in size from studios to five-bedroom floorplans. Amenities include a rooftop clubhouse and outdoor pool with a jumbotron, 24-hour study lounge, pickleball court and a fitness center, as well as a 25,000-square-foot courtyard with grilling stations, fire pits and hammock groves. The property also features an onsite parking garage and a private shuttle service to campus.
LAREDO, TEXAS — A partnership between Realterm, a Maryland-based investment manager focused on the transportation industry, and Chicago-based Stotan Industrial has broken ground on a 25.8-acre industrial outdoor storage (IOS) facility in the Rio Grande Valley city of Laredo. The site will have a 19,710-square-foot maintenance building with seven drive-thru bays and one drive-in bay, as well as a 2,250-square-foot office space that is expandable to 3,375 square feet. Construction is slated for a mid-2026 completion.
AVONDALE, ARIZ. — Trilogy Investment Co. has opened Rêv3 at Encanto West, a townhome build-to-rent community in Avondale. Developed with Cimbra Partners, Rêv3 at Encanto West offers 84 three-bedroom/two-and-a-half bathroom townhomes with open-concept layouts, chef-inspired kitchens with stainless steel appliances and granite countertops, luxury vinyl plank flooring, smart home technology, attached garages and private backyards. Community amenities include a resort-style pool with cabanas, a clubhouse with gathering spaces, a fitness center and outdoor grilling areas. The community is now leasing, with first residents expected this fall.
JOLIET, ILL. — Mapletree Investments has acquired a 29.4-acre site at 1035 W. Laraway Road in Joliet with plans to develop a logistics facility totaling 418,880 square feet. The transaction marks the company’s second acquisition in Joliet this year, following the May purchase of an 18.1-acre site at 3600 Houbolt Road where it will build a 276,000-square-foot warehouse. Both sites provide direct connectivity to the Joliet Intermodal Center — North America’s largest inland port — home to both the Union Pacific and BNSF Joliet Intermodal Terminals. The Laraway Road project will feature a clear height of 40 feet, 80 dock doors, 100 trailer stalls and 172 car parking spaces. Matthew Stauber and Steve Ostrowski of Colliers represented the seller and worked directly with Mapletree to secure the transaction. Mapletree currently owns and manages more than 10 million square feet of industrial assets in the Chicago market.
ATLANTIC CITY, N.J. — Texas-based hospitality owner-operator NewcrestImage has opened the 105-room Seahaus Hotel in Atlantic City. The boutique hotel, which occupies a full city block along the city’s boardwalk and includes 6,600 square feet of retail space, will be operated as part of Marriott’s Tribute Portfolio family of brands. In addition to multiple onsite food-and-beverage options, the hotel offers a fitness center, live weekend entertainment and customized golf, boating and wellness options through local vendor partners.
BOSTON — Locally based developer Berkeley Investments has begun leasing The Charley, a 103-unit apartment building located in the Allston area of Boston. The six-story building houses studio, one-, two- and three-bedroom units that are furnished with quartz countertops and in-unit washers and dryers. Select residences have patios. Amenities include a rooftop deck with fire pits, grills and lounge seating, as well as dedicated work areas with a coffee bar, a community patio, fitness center and a dog park. Anja Park Design handled interior design of the project. Rents start at $2,500 per month for a studio apartment.