Development

Manifold, OakPoint to Develop 165,000 SF Office Building in Austin

by Taylor Williams February 21, 2019

AUSTIN, TEXAS — Two local firms, Manifold Real Estate and OakPoint Real Estate, will develop Bouldin Creek, a 165,000-square-foot office building in Austin. Designed by Michael Hsu Office of Architecture, the property will feature a rooftop deck, green space with meeting areas, an onsite gym, tenant lounge and bike storage. Tenants at the property will also enjoy proximity to several public transit lines and walkability to nearby restaurants, shops and bars. The developers plan to break ground in March and deliver the Class A building in summer 2020.

February 21, 2019

Development Hospitality Texas

Proper Hospitality to Open 244-Room Hotel in Downtown Austin

by Taylor Williams February 21, 2019

AUSTIN, TEXAS — Proper Hospitality will open Austin Proper Hotel & Residences, a 244-room hotel that will be located at 600 W. 2nd St. in downtown Austin. The property will also house 99 for-sale residences, as well as three restaurants, two bars, an outdoor lounge, two pools, a spa and wellness facility and 10,000 square feet of meeting space. The opening is scheduled for June.

February 21, 2019

Development Illinois Midwest Multifamily

Brinshore, Michaels Break Ground on Apartment Building in Chicago’s Bronzeville Neighborhood

by Kristin Harlow February 21, 2019

CHICAGO — Co-developers Brinshore Development and Michaels have broken ground on 4400 Grove, an 84-unit apartment building in Chicago’s Bronzeville neighborhood. The development will include a mix of affordable and market-rate units, as well as street-level retail space, a public plaza and landscaped park space. The city of Chicago provided $7.2 million in tax-increment financing and $1.9 million in low-income housing tax credits. U.S. Bancorp and the Chicago Housing Authority are also project partners. The affordable units will be restricted to households earning up to 60 percent of area median income. Pappageorge/Haymes served as the architect. McShane Construction and UJAMMA Construction are the general contractors. First move-ins are expected in spring 2020.

February 21, 2019

Development Industrial Midwest Missouri

ThermAvant Technologies to Open 33,000 SF Industrial Facility in Columbia, Missouri

by Kristin Harlow February 21, 2019

COLUMBIA, MO. — ThermAvant Technologies is set to open a 33,000-square-foot facility in Columbia in May. The facility will more than quadruple the thermal management company’s engineering and manufacturing space. Last year, ThermAvant received $400,000 in funding from Missouri Technology Corp. to promote entrepreneurship and foster the growth of new and emerging high-tech companies.

February 21, 2019

Development District of Columbia Office Southeast

Akridge, Stars REI Deliver 102,000 SF Office Building Near White House

by Alex Tostado February 20, 2019

WASHINGTON, D.C. — Akridge and Stars REI have delivered a 102,000-square-foot office complex at the corner of 16th and L streets in Washington, D.C. The site at 1101 Sixteenth St. was formerly two obsolete office buildings that housed the American Association of University Women and the American Beverage Association. HOK was the architect on the project, Clark Construction Group was the general contractor and EagleBank provided construction financing. Amenities include a fitness facility, penthouse lounge and a rooftop terrace with White House views.

February 20, 2019

Development Massachusetts Mixed-Use Northeast

Nauset Breaks Ground on Mixed-Use Complex in Reading, Massachusetts

by David Cohen February 20, 2019

READING, MASS — Nauset Construction has broken ground on The PostMark, a mixed-use complex in Reading. Located at 136 Haven St., the project will include 50 condominium units and 8,000 square feet of commercial space. The complex will also include a below-grade parking garage and landscaped courtyard. A joint venture between DiBiase Homes and Matrix Property Group are developing the complex. O’Sullivan Architects of Reading served as the architect on the project.

February 20, 2019

Development Multifamily Texas

JPI to Develop 282-Unit Apartment Community in Irving’s Las Colinas District

by Taylor Williams February 20, 2019

IRVING, TEXAS — JPI has begun construction of Jefferson Texas Plaza, a 282-unit multifamily community that will be located within Irving’s Las Colinas district. The property will feature a resort-style pool, private parking garages, fitness and yoga studio, a dog park and a two-story clubhouse with a coffee bar. The community will also offer proximity to a variety of restaurant and entertainment options, including Alamo Drafthouse Cinema and Toyota Music Factory. Construction is scheduled to begin during the first quarter and to be complete by the fourth quarter of 2020. Jefferson Texas Plaza will be JPI’s 10th community in Irving, where the company is based.

February 20, 2019

Development Industrial Texas

Colony Industrial, Huntington Acquire Land in Metro Dallas for 355,071 SF Industrial Project

by Taylor Williams February 20, 2019

GARLAND, TEXAS — Colony Industrial, in partnership with Huntington Industrial Partners, has acquired 21 acres in the northeastern Dallas suburb of Garland for the development of a two-building, 355,071-square-foot light industrial project. The buildings will feature 32-foot clear heights, cross-dock configurations and ample on-site trailer storage. Construction is scheduled to begin in late April and wrap up by the end of the year.

February 20, 2019

Development Multifamily Seniors Housing Texas

MedCore, TNRG Break Ground on 200,000 SF Seniors Housing Community in Metro Houston

by Taylor Williams February 20, 2019

ATASCOCITA, TEXAS — A partnership between Dallas-based MedCore Partners and Houston-based TNRG has broken ground on Fountainwood at Lake Houston, a 200,000-square-foot seniors housing community in Atascocita, a northeastern suburb of Houston. The property will offer 98 independent living units, 68 assisted living residences and 24 memory care apartments. California-based Integral Senior Living will manage the community. The opening is slated for August 2020.

February 20, 2019

Development Illinois Midwest Office

J.C. Anderson Completes Renovations of Schaumburg Corporate Center in Suburban Chicago

by Kristin Harlow February 20, 2019

SCHAUMBURG, ILL. — J.C. Anderson has completed renovations of Schaumburg Corporate Center in suburban Chicago. GlenStar Properties owns the 1 million-square-foot office complex. The project included a new tenant lounge, conference center, management office and renovations to the fitness center, atrium, flooring and painting. J.C. Anderson also connected a stairway from the first-floor atrium to the lower-level fitness center. Wright Heerema Architects provided architectural services. Schaumburg Corporate Center was originally constructed in the 1980s.

February 20, 2019

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