HOUSTON — Clay Development will build a two-building, 495,360-square-foot speculative industrial project in northwest Houston. The buildings, which will span 425,360 and 70,000 square feet, represent Phase I of Northwest 99 Business Park, a 172-acre, 2.3 million-square-foot development at the intersection of Grand Parkway and Mueschke Road. The larger of the two buildings, Northwest 99 Distribution Center I, will feature a cross-dock configuration, 36-foot clear height ceilings, 110 dock-high doors, four drive-in ramps, 220 employee parking spots and the option for additional trailer parking. The building is designed to accommodate up to four different users. The smaller building, dubbed Northwest 99 Spec I, will be a single-tenant manufacturing building with 125-foot truck court depths, up to 45 employee parking spots and two acres for a future stabilized lay-down yard. JLL and CBRE have been tapped as leasing agents for the larger and smaller buildings, respectively, and their efforts will be aided by those of Clay Development’s Copeland Rhea. Construction is scheduled to begin by the end of the year and to be complete in the third quarter of 2025.
ROCKWALL, TEXAS — Locally based brokerage firm DuWest Realty has negotiated the sale of an 85,116-square-foot hospitality development site in Rockwall, a northeastern suburb of Dallas. Shiv Hospitality Group purchased the two-acre site at 600 Cooke Drive with plans to develop a 130-room hotel that will be operated under the Tempo by Hilton brand. The hotel will be a component of Sapphire Bay, a mixed-use waterfront development. Giancarlo Carriero and Scott Rodgers of DuWest Realty brokered the deal.
FARGO, N.D. — Kraus-Anderson has begun construction of the new $78 million Bolley Agricultural Research Laboratory at North Dakota State University (NDSU) in Fargo. The project is located on a greenfield site on the western edge of the university’s campus. Named after an early NDSU agricultural research pioneer, Henry Bolley, the 170,700-square-foot building marks one of the largest capital projects in the university’s history. The facility will feature dedicated spring wheat, durum and winter wheat lab spaces for North Dakota wheat producers. The research lab’s programs will also include plant pathology, plant breeding, weed science, agronomy, soil science and horticulture. Designed by JLG Architects and Clark & Enerson, the facility will include three 10,000-square-foot green houses; horticulture and plant science labs; seed coolers and freezers; seed drying line; and seed cleaning, processing and storage areas. Completion is slated for fall 2026.
PLAINFIELD, ILL. — Trammell Crow Co. (TCC) has broken ground on a 788,000-square-foot speculative warehouse in Plainfield, about 40 miles southwest of downtown Chicago. The building marks the first speculative warehouse in Plainfield Business Center and is slated for completion in fall 2025. The facility will feature a clear height of 40 feet, 80 dock doors and 211 trailer stalls. The 52-acre site offers proximity to I-55 and I-80. Upon full build-out, Plainfield Business Center will total more than 8 million square feet. The project team includes Harris Architects, Krusinski Construction Co. and civil engineer Kimley-Horn and Associates. Matt Mulvihill and Phil DeBoer of CBRE represented TCC in acquiring the land and are marketing the property for lease.
MADISON, WIS. — McShane Construction Co. has completed The Derby, a 70-unit apartment complex with affordable housing units in Madison. Lincoln Avenue Communities was the developer. Income restrictions were not provided, but 14 of the units meet Wisconsin Housing and Economic Development Authority accessibility requirements. The project features 1,100 square feet of ground-floor office space for a local community group and 2,600 square feet of amenity spaces with a kitchen, fitness room, laundry room, outdoor space, playground and dog park. Knothe & Bruce Architects designed the four-story property. The project is Enterprise Green Communities Certified and features a full solar array system on the roof to power the common areas.
JOLIET, ILL. — Saxum Real Estate, along with its partner Black Salmon, has begun development of a 294,840-square-foot cold storage project for Arcadia Cold in Joliet. Marc Duval, Ed Halaburt and Wells Waller of JLL represented the owner in securing joint venture equity. Bank OZK is providing debt financing. Clayco is the general contractor. The project will feature a clear height of 50 feet and convertible rooms. Completion is slated for the first quarter of 2026. Arcadia is the seventh-largest cold storage operator in the U.S., according to a release.
CARMEL, N.Y. — Diamond Point Development has broken ground on an 800-unit self-storage facility in Carmel, about 60 miles north of New York City in the Hudson Valley region. The multi-story facility will comprise 81,000 net rentable square feet of climate-controlled space. Diamond Point is developing the facility in partnership with Dallas-based Rosewood Property Co. Extra Space Storage will manage the property, which is expected to be complete in late 2025.
DALLAS — Granite Properties has topped out 23Springs, a 626,215-square-foot office project in Uptown Dallas. In addition to the 26-story office building, the development includes two separate restaurant buildings totaling roughly 16,000 square feet and a half-acre park. Granite Properties is developing 23Springs in partnership with North Carolina-based REIT Highwoods Properties (NYSE: HIW). Dallas-based GFF served as the project architect, and DPR Construction is the general contractor. Amenities will include a coffee and wine bar, indoor lounge with a golf simulator, fitness center, conference facilities and an outdoor lounge. Full completion is slated for spring 2025. The property is 60 percent preleased to tenants such as Deloitte, Sidley Austin LLP and Bank OZK, which also provided construction financing for 23Springs.
SELMA, TEXAS — Atlanta-based developer Ackerman & Co. has delivered Corporate Drive Industrial Complex, a 511,000-square-foot industrial property in Selma, located northeast of San Antonio. Building 1 at the property totals 274,000 square feet, and Building 2 totals 237,000 square feet. Building features include 32- to 36-foot clear heights, 60 dock doors, two drive-in bays and 647 parking spaces (expandable to 735). Ackerman developed the project in partnership with Baltisse US Inc. Partners Real Estate has been tapped as the leasing agent. Construction began in summer 2023.
AUSTIN, TEXAS — Minneapolis-based developer United Properties has completed Bishop Momo, a 274-unit apartment community in Austin’s St. Elmo District. Bishop Momo houses studio, one- and two-bedroom apartments as well as 6,000 square feet of street-level retail space. Amenities include a pool, fitness center, multiple lounges, coffee bar, dog run, conference room, package lockers and grilling stations. Belshaw Mulholland Architects designed Bishop Momo, and OHT Partners served as the general contractor. Rents start at approximately $1,450 per month for a studio apartment.