Monday, April 28, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Development

DevelopmentHealthcareMidwestMinnesota

Kraus-Anderson Completes $70M Surgery Expansion at Riverwood Healthcare Center in Aitkin, Minnesota

by Kristin Harlow

AITKIN, MINN. — The Bemidji office of Kraus-Anderson has completed a $70 million surgical addition and expansion at Riverwood Healthcare Center in central Minnesota’s Aitkin. Designed by DSGW Architects, the project features a 72,000-square-foot surgery addition. The hospital’s new surgery space consists of approximately 60,500 square feet of new surgical departments, including six operating rooms, two large procedure rooms, three endoscopy rooms, 25 prep and recovery rooms, a post-anesthesia care unit, sterile processing and staff support. Additionally, there is about 12,000 square feet of clinical space for general surgery, neck, back and spine, urology and ENT, as well as a front entrance and lobby to support the new surgical program. Construction began in August 2022.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaSoutheastStudent Housing

LV Collective Completes 750-Bed Student Housing Community Near University of Georgia

by John Nelson

ATHENS, GA. — LV Collective has completed Rambler Athens, a 600,000-square-foot student housing development located at 558 W. Broad St. in Athens near the University of Georgia campus. The community offers 750 beds across 342 units, with configurations ranging from studio to five-bedroom layouts. Amenities at the property include a second-floor study mezzanine with private study spaces and conference rooms; a resort-style swimming pool and hot tub surrounded by fire pits, a grilling area and jumbotron; an onsite dog spa; and a fitness center with cardio machines, weightlifting equipment, a yoga studio, artificial turf area and two saunas. The community also features a coffee shop dubbed Daydreamer Café, as well as 22,692 square feet of retail space. The development team for the project included Niles Bolton Associates, Krywicki Interior Design and Rabren General Contractors.

Continue Reading
FacebookTwitterLinkedinEmail
2413-S.-14th-St.-Lubbock
DevelopmentMultifamilyStudent HousingTexas

Parallel to Develop 671-Bed Student Housing Community Near Texas Tech University

by Taylor Williams

LUBBOCK, TEXAS — Austin-based owner-operator Parallel will develop a 671-bed student housing community in Lubbock. The site at 2413 S. 14th St. is situated adjacent to the Texas Tech University campus. The development will offer a mix of studio through five-bedroom units. Shared amenities will include a full-service smart market, influencer room, fitness space, study areas, conference rooms and a sky lounge overlooking campus. The development team for the project includes BOKA Powell Architects, A Royal Interiors, Parkhill, RLG Consulting Engineers and Teinert Construction. Construction is expected to be complete in time for the fall 2027 semester. 

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaLoansMultifamilySoutheastWalker & Dunlop

Walker & Dunlop Arranges $53.6M Construction Financing for Metro Miami Multifamily Development

by John Nelson

BAY HARBOR ISLANDS, FLA. — Walker & Dunlop has arranged a $53.6 million loan for the construction of Clara Bay Harbor 100th, a multifamily development located at 1145-1163 100th St. in Bay Harbor Islands, roughly 15 miles outside Miami. Upon completion, the property — which is the second phase of a three-phase rental development by Clara Homes — will comprise 45 units. The developer will also use the proceeds to begin pre-development on the third and final phase of the project, which will feature an additional 77 units. Construction is currently underway on the first, 28-unit phase, with completion scheduled for the end of this year. Adam Schwartz, Aaron Appel, Jonathan Schwartz, Keith Kurland, Michael Ianno, Christopher de Raet and Marlon Robins of Walker & Dunlop secured the financing on behalf of the borrower.

Continue Reading
FacebookTwitterLinkedinEmail
Golden-Triangle-Logistics-Center-Wallkill-New-York
AcquisitionsDevelopmentIndustrialNew YorkNortheast

JLL Negotiates Sale of 92-Acre Industrial Development Site in Wallkill, New York

by Taylor Williams

WALLKILL, N.Y. — JLL has negotiated the sale of a 92-acre industrial development site in Wallkill, about 75 miles north of New York City. The site at 350 Silverlake-Scotchtown Road is known locally as Golden Triangle and is fully approved for the development of roughly 835,000 square feet of product. Crow Holdings Development acquired the site with a two-phase plan to construct a facility that will be known as Golden Triangle Logistics Center. Phase I will total 535,603 square feet and feature a clear height of 36 feet, 88 dock doors and parking for 83 trailers and 422 trailers. Phase II will comprise 299,200 square feet and could include 38 dock doors and parking for 199 cars and 34 trailers. Rob Kossar and James Panczykowski of JLL represented the seller, New Jersey-based Vision Real Estate Partners, in the land deal. JLL has also been retained to lease the project, construction of which is slated to begin in the third quarter.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialLife SciencesMassachusettsNortheast

Dacon Corp. Completes 7,400 SF Industrial, Life Sciences Expansion Project in Natick, Massachusetts

by Taylor Williams

NATICK, MASS. — Design-build firm Dacon Corp. has completed a 7,400-square-foot industrial and life sciences expansion project in Natick, a western suburb of Boston. The project is a build-to-suit for Kula Bio, which specializes in the production of agricultural products that serve as replacements to synthetic fertilizers. The facility includes manufacturing, office and research-and-development space. Kula Bio initially opened its 7,500-square-foot headquarters in Natick in late 2021 with the expectation of expanding.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestOfficeOhio

Skanska to Build $164M Office Building for Medpace in Cincinnati

by Kristin Harlow

CINCINNATI — Skanska will build a $164 million office building for Medpace, a clinical research company, in Cincinnati. The project involves a 562,000-square-foot, nine-story building featuring a six-story office tower atop a three-floor parking garage and conference center. The building will be constructed on the existing Medpace campus. Completion is slated for March 2027.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestRestaurantRetail

Brixmor Begins $53M Redevelopment of Westridge Court Shopping Center in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Brixmor Property Group (NYSE: BRX) has begun a $53 million redevelopment and reconfiguration of Westridge Court shopping center in the Chicago suburb of Naperville. Plans call for a new restaurant and entertainment district to be branded Block 59 at the corner of Route 59 and Aurora Avenue. The 91,000-square-foot project will include the construction of multiple outparcels for brands such as The Cheesecake Factory, Yard House, Ruth’s Chris Steak House, Piccolo Buco by Cooper’s Hawk, Shake Shack, Stan’s Donuts, First Watch, Fresh Fin, Crisp & Green and Velvet Taco. The dining lineup will join currently open Lazy Dog Restaurant and furniture retailer Walter E. Smithe. Plans call for an open-air central plaza that will serve as a public gathering space and host community events year-round surrounded by new outdoor restaurant patios. The project will also include a new valet area, wayfinding signage, landscaping, energy-efficient lighting and improved pedestrian and vehicular circulation. Westridge Court is anchored by The Fresh Market, Ulta Beauty, Hollywood Palms Cinema and the newly announced Wayfair Outlet. Construction began with the demolition of an underutilized two-story building in July. New restaurants are slated to start opening in spring 2025. Businesses will remain open during …

Continue Reading
FacebookTwitterLinkedinEmail
28th-Alameda-Tempe-AZ
ArizonaDevelopmentIndustrialWestern

Evergreen Devco Buys 12.7-Acre Parcel in Tempe, Arizona for Industrial Development

by Amy Works

TEMPE, ARIZ. — Evergreen Devco has acquired 12.7 acres of land at the southeast corner of 48th Street and Alameda Drive in Tempe for $13 million. The company plans to develop 48th @ Alameda, an industrial project, on the site. The acquired parcel includes two sites: Jim Wilson of Cushman & Wakefield will list the project for sale or lease.

Continue Reading
FacebookTwitterLinkedinEmail
Intuit Dome, Inglewood, California
CaliforniaCivicDevelopmentTop StoriesWestern

Public-Private Partnership Opens $2B Los Angeles Clippers Arena in Inglewood, California

by Jeff Shaw

INGLEWOOD, CALIF. — A public-private partnership between Murphy’s Bowl LLC and the City of Inglewood has opened Intuit Dome, a 915,000-square-foot events arena in Inglewood that will be the home of the National Basketball Association’s LA Clippers. Former Microsoft executive Steve Ballmer owns the team. Intuit Dome is situated on a 28-acre site between Prairie Avenue and Century Boulevard and near SoFi Stadium, the new home arena for the Los Angeles Rams football team. The arena will host home games for the Clippers, as well as sporting events not involving the Clippers, family shows, concerts, conventions and corporate events. The arena opened yesterday with a concert from Grammy award winner Bruno Mars. The Clippers have been headquartered at the Staples Center in Los Angeles since 1999. The team shared the facility with the Los Angeles Lakers. However, the Clippers will be the only tenant at the Intuit Dome, according to the Los Angeles Times. The development team broke ground on the project in September 2021. Intuit Dome offers 86,000 square feet of training, medical and player spaces, as well as five basketball courts with more than 17,700 seats and 640 bathrooms. The arena also features 48,000 square feet of retail and restaurant space …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts