BETHLEHEM, PA. — Bosch Rexroth, a provider of industrial machinery, has broken ground on a 50,000-square-foot industrial expansion project in the Lehigh Valley city of Bethlehem. The new building at 2300 City Line Road will be an expansion of the company’s existing facility, which has been operating in the area for nearly 60 years. Regional developer J.G. Petrucci Co. is serving as the general contractor for the project. Construction is expected to be complete in mid-2026.
CONCORD, N.C. — Energy drink giant Red Bull, along with development partners Ball Corp. (NYSE: BALL) and Rauch North America, has broken ground on a 2.3 million-square-foot production, manufacturing and distribution bottling plant in Concord, a northeast suburb of Charlotte. The $1.5 billion investment, as disclosed by several media sources, is expected to begin operations in 2028, with maximized filling capacity anticipated by 2031. The Charlotte Business Journal reports that the companies originally bought the 500-acre site at the former Philips Morris cigarette plant site, now rebranded as The Grounds, in 2021 for $55 million, after first announcing their plans to open a facility. As additionally reported, the plan initially began as a $740 million project, but as the Cabarrus County Economic Development Corp. approved enhanced incentives in 2022, the project expanded. The fully automated Red Bull plant will now offer 170,000 pallet spaces, as well as internal conveyor bridges for intralogistics that will connect can manufacturing to co-packing to warehousing, and lastly, directly to customer deliveries to “minimize carbon emissions.” Ball Corp. will also build an 800,000-square-foot aluminum can plant at the industrial park. The company will produce packaging at the new facility for Red Bull, as well as other beverage …
GAINESVILLE, FLA. — KeyBank Community Development Lending and Investment has provided a $13 million construction loan to National CORE, a nonprofit developer, to finance Hawthorne Heights, an 86-unit affordable seniors housing project in Gainesville. KeyBank Commercial Mortgage Group also provided a $6.5 million Freddie Mac permanent loan for the project. National CORE also secured additional funding from Red Stone, which provided Low-Income Housing Tax Credit (LIHTC) equity and bonds from the Florida Housing Finance Corp. The property qualifies for tax abatement, which provides tax exemption for nonprofit-owned properties that commit to using it for providing affordable housing for a minimum of 99 years. Hawthorne Heights will serve seniors age 62 and older, with five units specifically set aside for individuals with special needs. The five-story building will be constructed on a 3-acre site, and, in addition to the special-needs units, will offer three apartments for residents earning no more than 22 percent of the area median income (AMI), nine apartments for households earning up to 40 percent of AMI and 74 apartments for households earning 60 percent or below AMI. Completion of Hawthorne Heights is slated for November 2026, and the lease-up period is expected to begin in August 2026. National …
INGLEWOOD, CALIF. — KPC Development Co. has topped out the construction of Kali Hotel and Rooftop, Autograph Collection, a $300 million hotel in Inglewood’s 300-acre Hollywood Park mixed-use development. Crescent Hotels & Resorts will manage the hotel, which will be part of Marriott Bonvoy’s global portfolio. Slated to open in September 2026, Kali Hotel and Rooftop will offer 300 guest rooms, including 34 suites, an all-day dining concept, lobby bar, pool and yoga deck, spa, fitness center and nearly 20,000 square feet of meeting and event space. The project team includes Clayco as general contractor, Lamar Johnson Collaborative as architect and Sixteenfifty Creative Intelligence and Gensler as interior designers.
WESTFIELD, IND. — Skender will build a $105 million mixed-use project in downtown Westfield, a northern suburb of Indianapolis. Previously known as Jersey 32, the development was recently renamed The Grand on Main. The Westfield City Council approved the project in July. Plans call for 216 residential units, 51,000 square feet of ground-floor retail space and more than 15,000 square feet of commercial office space. Skender will also move into office space within the development. In addition to Skender, the project team includes BW Development and Studio M as designer. Construction is scheduled to begin later this year, with completion slated for 2027.
ST. FRANCIS, WIS. — M&R Development has broken ground on a 278-unit luxury apartment complex on a bluff overlooking Lake Michigan in St. Francis, about five miles south of downtown Milwaukee. Named The Bluffs on Lake, the project will offer units ranging from studios to three bedrooms. M&R is co-developing the property with Campbell Capital Group LLC, the same firm it teamed with for the development of 42 Hundred on the Lake, a 236-unit luxury building just south of The Bluffs on Lake that opened in 2021. Located on a 21-acre site at 3700 S. Lake Drive, The Bluffs on Lake will comprise a four- and five-story building with one level of underground parking and 8,000 square feet of first-floor retail space, some of which is earmarked for a restaurant with outdoor seating. First deliveries are targeted for late 2026 with preleasing expected to start that fall. The project will feature a business center, meditation room, Zen Garden, self-service package room and two-level fitness center. A two-story clubhouse will include an entertainment lounge, coffee bar, media room, game room and pet spa. A main outdoor courtyard will comprise an infinity-edge pool, grilling stations and bocce ball court. A second courtyard …
NOVI, MICH. — Robertson Brothers has purchased 1.8 acres of vacant land on 11 Mile Road in Novi. The local developer acquired the site with plans to build a multifamily project. Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented the undisclosed seller.
ADDISON, TEXAS — Texas-based Quadrant Investment Properties (QIP) will develop a new, $240 million mixed-use project in Addison, a northern metro of Dallas. Earlier this week, the Addison City Council approved a development agreement with the company. Dubbed Addison Junction, the development will span 14 acres and will feature a 155,550-square-foot office building; a 140-room boutique hotel; 30,000 square feet of entertainment space; and The Hangar, a 12,000-square-foot event venue. Plans for the project also include restaurants, a Texas-themed beer garden, rooftop patios and public plazas. A construction timeline was not disclosed. Addison Junction will be connected to Addison Circle Park and the Cotton Belt Trail Corridor, both of which are part of a 57-mile hiking and biking path system. The property will also feature proximity to the Addison Airport, the Dallas North Tollway office corridor and the town’s bus transit center. A new line of the Dallas Area Rapid Transit (DART) commuter rail system and the Addison Circle Silver Line Station are also currently underway near the development site and will offer connectivity to Plano, Richardson, Carrollton, Cypress Waters Dallas and the DFW International Airport. “Addison Junction offers a rare canvas to provide a destination pedestrian-oriented district that will …
DALLAS — Los Angeles-based lending and investment firm CIM Group has provided a $132.5 million construction loan for an office-to-residential conversion project in Dallas. The project represents the second phase of Peridot, a development that converted 11 floors of office space within the 50-story Santander Tower in the downtown area into 291 apartments with one- and two-bedroom floor plans. This next phase will add another 105 apartments. The borrower is a partnership between Pacific Elm Properties and Mintwood Real Estate. Santander Tower also houses the 60-room Mint House luxury hotel on floors 49 and 50, which also represents an office conversion. Adolfson & Peterson Construction is the general contractor. A tentative completion date for the next phase of Peridot was not disclosed.
FORT WORTH, TEXAS — Hillwood will develop two speculative industrial buildings totaling 1.1 million square feet at AllianceTexas, the firm’s 27,000-acre master-planned community in North Fort Worth. Alliance Westport 15 will be a 798,494-square-foot, cross-dock structure with 40-foot clear heights, 190-foot truck court depths, parking for 360 cars and 199 trailers and land for future expansion. Alliance Gateway 34 will be a 310,036-square-foot building with 36-foot clear heights, 190-foot truck court depths and parking for 286 cars and 73 trailers. GSR Andrade designed both buildings. Frost Bank is financing construction, which is scheduled to begin this month and to be complete before the end of next year.