Development

Dembs Development Breaks Ground on 88,000 SF Tech Center for Hexagon in Novi, Michigan

by Kristin Harlow May 7, 2019

NOVI, MICH. — Dembs Development has broken ground on an 88,000-square-foot facility for Hexagon in Novi known as the Technology Center of Excellence. The two-story property is located within Beck North Corporate Park. Sweden-based Hexagon is an advanced manufacturing technology company. The tech center will include an 11,000-square-foot showroom and demonstration area, a 15,000-square-foot laboratory and an expansive technical training center. The building will also include a fitness center, coffee bars, multi-purpose kitchens and gathering areas. Completion is slated for the fourth quarter of this year.

May 7, 2019

Development Midwest Nebraska Office

McCarthy to Construct, Occupy New Office Building in Omaha

by Kristin Harlow May 7, 2019

OMAHA, NEB. — McCarthy Building Cos. Inc. will break ground on Wednesday, May 8 on an office and warehouse building that will serve as the company’s new local office in west Omaha. The 15,000-square-foot development will enable the construction company to expand its services within the healthcare, education, manufacturing, commercial, industrial and entertainment sectors. The office will include conference facilities and flexible gathering spaces. The climate-controlled warehouse will accommodate the delivery and short-term storage of construction materials as well as provide space for pre-assembly of building components. Completion is slated for December. Project partners include developer Tetrad Property Group, architect DLR Group and materials testing company Thiele Geotech. St. Louis-based first established its full-service Omaha office in 2007 and now oversees more than $200 million in construction work throughout Nebraska.

May 7, 2019

Development Louisiana Multifamily Southeast

Audubon Completes $20M Restoration of Vacant Multifamily Property in Baton Rouge

by Alex Tostado May 6, 2019

BATON ROUGE, LA. — Audubon Communities has completed the restoration of St. Jean Apartments, a vacant 624-unit multifamily property in Baton Rouge. In 2016, Louisiana experienced flooding that left 312 ground-level units at St. Jean with serious water damage and the property was abandoned. In 2017, Atlanta-based Audubon purchased the community for $33.3 million and launched a $20 million restoration and renovation effort. Audubon has since rebranded the 50-acre property as The Reserve at White Oak and is now leasing the community, which is 30 percent occupied.

May 6, 2019

Development Industrial Oregon Western

Columbia Distributing to Develop 530,000 SF Warehouse in Metro Portland

by Amy Works May 6, 2019

CANBY, ORE. — Columbia Distributing, along with joint venture partners Meritage and Trammell Crow Co., plans to develop a new warehouse at the intersection of Southeast First Avenue and South Walnut in Canby. The 530,000-square-foot facility will consolidate the beverage distributor’s three current locations on Portland’s Swan Island, Northwest Yeon Avenues and Northwest Guam Street. Situated on 43 acres, the property is slated for completion in fall 2020. Tualatin, Ore.-based Perlo Construction is serving as general contractor and Portland-based VLMK Engineering + Design is providing project design and permitting services. Allen Patterson of Capacity Commercial Group and Terry Tolls of T.N. Tolls Co. represented the Trammell Crow and the sellers in the land sale.

May 6, 2019

Development Multifamily Office Texas

AQUILA Commercial to Redevelop 86,099 SF Office Building in Austin

by Taylor Williams May 6, 2019

AUSTIN, TEXAS — AQUILA Commercial will redevelop Airport Center, an 86,099-square-foot office building located at 6505 Airport Blvd. in Austin. Located adjacent to the Austin Community College Highland Campus redevelopment project, the site will later house a mixed-use development that will include 326 apartments. Runa Workshop is the architect for the project, construction of which is scheduled to begin in July and wrap up by year’s end. The property will be rebranded Highland Tech Center.

May 6, 2019

Development Illinois Midwest Office

Principle Construction Completes Tenant Improvements for Wonderlic Office in Vernon Hills, Illinois

by Kristin Harlow May 6, 2019

VERNON HILLS, ILL. — Principle Construction Corp. has completed a 15,091-square-foot tenant improvement for Wonderlic at 544 Lakeview Parkway in Vernon Hills. The company, which produces cognitive ability tests, is moving across the street. The scope of the office project enables Wonderlic to have storage space for its printed materials as well as to properly recycle all used paper. Interform Architecture & Design served as the project architect.

May 6, 2019

Development Multifamily Seniors Housing Southeast Virginia

Sunrise Senior Living Starts Redevelopment Project Near D.C.

by Alex Tostado May 3, 2019

ALEXANDRIA, VA. — Sunrise Senior Living has completed demolition of the former National Association of Professional Insurance Agents buildings in the Old Town neighborhood of Alexandria, with plans to build a 93-unit assisted living property on the land. Located south of Washington, D.C. along the Potomac River, this will be Sunrise’s second community in Alexandria. Rust | Orling Architecture is designing the project. SunTrust Bank provided a $45.5 million loan to finance the construction.

May 3, 2019

Development Georgia Industrial Southeast

Savannah’s Industrial Market, Port Among Fastest Growing in Nation, Says Local Economic Development Head

by John Nelson May 3, 2019

SAVANNAH, GA. — The Port of Savannah and the surrounding industrial market are both growing exponentially. That trend was reinforced with the $172 million investment announced last week by Plastic Express to build two new manufacturing facilities in nearby Pooler. “They’re going to export plastic resins out of our port to the tune of 100,000 TEUs (twenty-foot equivalent units) per year,” said Hugh “Trip” Tollison, president and CEO of Savannah Economic Development Authority (SEDA). “Plastic Express has instantaneously become one of the port’s largest customers.” Tollison was one of the featured speakers at a luncheon hosted by SEDA on Wednesday, May 1 at 5Church restaurant in Midtown Atlanta’s Colony Square. The event brought together several of Savannah’s top businesses, including Savannah Bourbon, Visit Tybee Island, Georgia Grown, The Salt Table and Leopold’s Ice Cream, which is turning 100 years old this year. Tollison highlighted many economic drivers in the Savannah region, including aerospace giant Gulfstream Aerospace Corp. hiring its 12,000th employee; healthcare system St. Joseph’s/Candler opening a new hospital in Pooler last month; and the film industry that last year doubled its 2017 economic spend thanks to productions of films like the upcoming “Gemini Man” starring Will Smith. The straw …

May 3, 2019

Development Hospitality Multifamily Texas

HALL Group Tops Out 28-Story Hotel, Residential Project in Dallas Arts District

by Taylor Williams May 3, 2019

DALLAS — Locally based developer HALL Group has topped out HALL Arts Hotel & Residences, a 28-story commercial project in the Dallas Arts District. The project’s residential component will consist of 50 units ranging in size from 1,600 square feet to 10,000 square feet for the penthouse. The hospitality component will comprise 183 guestrooms and 20 suites, along with various amenities. The residential and hotel components are slated to open in early 2020 and fall 2019, respectively.

May 3, 2019

California Development Office Western

Triad Development Plans 840,000 SF Office Project in Bay Area

by Amy Works May 3, 2019

VACAVILLE, CALIF. — Ascend @ Lagoon Valley LLC, a limited liability company affiliated with Seattle-based Triad Development, has unveiled plans for a 700,000-square-foot to 840,000-square-foot Class A office development project Lagoon Valley. The 50-acre development site is located along Interstate 80 on Lagoon Valley Road in Vacaville, approximately 51 miles from downtown San Francisco. The project will consist of six four-story buildings. A 30,000-square-foot amenities building will offer a fitness center, food services and recreation space. Additionally, the office project will include an amphitheater, sports courts and field space as outdoor amenity space, as well as a transit center with shuttle to Vacaville’s Capitol Corridor Amtrak station. The surrounding 1,200 acres of protected open space includes the 470-acre Lagoon Valley park and 100-acre lake, plus an adjacent eight-acre public park. The land adjacent to the development is entitled for residential development. James Lees, Sandy Rodriguez, Max Sander and Skip Whitney of Kidder Mathews are leasing agents for Ascend @ Lagoon Valley.

May 3, 2019

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