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Elevon-Denver-CO
ColoradoDevelopmentMultifamilyWestern

High Street Residential, PGIM Complete 301-Unit Elevon Apartments in Denver

by Amy Works

DENVER — High Street Residential, the residential subsidiary of Trammell Crow Co., and its joint venture partner PGIM Real Estate have completed Elevon, a multifamily property in Denver’s Central Park master-planned community. Located at 3650 Uinta St., Elevon offers 301 studio, one- and two-bedroom apartments with 10-foot ceilings, private balconies, smart unit technology, wood-plank style flooring, stainless steel Energy Star appliances and quartz countertops. Bathrooms include tile flooring, tile shower surrounds and quartz vanities. Community amenities include two courtyards, one of which features a pool, deck, hot tub, cabanas, loungers, an outdoor bar and grilling area. The second courtyard features green space and contemplative zones. Other amenities include reserved garage parking, a fitness center, onsite coworking space, pet spa, bike storage, outdoor paseo, dog park, storage lockers, leasing lobby, ride-share lounge, clubroom and a business center. KTGY Architects designed the property, while Martines Palmieri Construction served as general contractor. Greystar is overseeing leasing and property management for the community. Monthly rental rates at Elevon range from $1,760 to $3,710, according to Apartments.com.

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DevelopmentHospitalityMidwestMissouri

207-Room AC Hotel Clayton Debuts in Suburban St. Louis

by Kristin Harlow

CLAYTON, MO. — Koplar Properties, Homebase Partners, Eagle Realty and Concord Hospitality Enterprises have opened the AC Hotel Clayton in the St. Louis suburb of Clayton. The $50 million project rises 11 stories with 207 rooms. The property features the AC Lounge and AC Kitchen along with High Bar Clayton, the area’s first rooftop bar. Concord Hospitality Enterprises manages the property. The project was built on the site of the former headquarters of the Clayton Police Department at 227 S. Central Ave. The city began seeking a way to repurpose the site in 2011. The hotel was proposed in 2018, and Midas Construction broke ground on the property in September 2022. Designed by DLR Group, the property features a fitness center and 3,000 square feet of top-floor meeting space.  

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DevelopmentMidwestMinnesotaMultifamily

Trident Development Opens 112-Unit Apartment Complex in Chaska, Minnesota

by Kristin Harlow

CHASKA, MINN. — Trident Development is set to open The Plaza at Hazeltine on Wednesday, Oct. 30. The four-story, 112-unit apartment complex is located at 1130 Hazeltine Blvd. in the Minneapolis suburb of Chaska. Amenities include an outdoor patio, walking trails, children’s play area, putting green, dog park, pet wash, community room, coffee bar, package room, fitness room, golf simulator and rooftop patio. The property is situated near a retail area with Kohl’s, McDonald’s, Aldi, Chipotle and Starbucks. Lyon Contracting was the general contractor, and Village Green is the property manager. Residents can now receive 1.5 months of free rent, according to the property’s website. Monthly rents start at $1,334 for one-bedroom units.

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DevelopmentMixed-UseMultifamilyNew YorkNortheastOfficeTop Stories

Rabina Tops Out 88-Story 520 Fifth Avenue Mixed-Use Tower in Manhattan

by John Nelson

NEW YORK CITY — Rabina, along with general contractor Suffolk Construction, has topped out 520 Fifth Avenue, an approximately 1,000-foot-tall high-rise development situated at the intersection of Fifth Avenue and West 43rd Street in the Midtown neighborhood of Manhattan. Once completed in 2025, the tower will rise 88 stories and feature 100 condominiums and 25 floors of office space, as well as a social club called Moss. In March 2022, Rabina secured $540 million in construction financing for 520 Fifth Avenue that comprised a $410 million senior loan from Bank OZK and $130 million in mezzanine financing from Carlyle. The residential component of the project is called Five Twenty Fifth Residences. Condos will come in one- through four-bedroom layouts. Residents will have access to amenities such as a library, game room with billiards, private dining rooms and a solarium. Seventy percent of the condos have already been sold since sales launched in April. The mixed-use tower will also offer office space from floors 10 to 34. Office spaces will range from 500 to 12,000 square feet and feature 12-foot tall ceilings, private terraces and open-air covered corridors. The office component has been dubbed 520 Offices. Corcoran Sunshine Marketing Group is …

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McCarty-Park-San-Marcos
DevelopmentIndustrialTexas

Olive Co. Breaks Ground on 343,729 SF Industrial Project in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — Oklahoma City-based developer Olive Co. has broken ground on a 343,729-square-foot industrial project in San Marcos, located roughly midway between Austin and San Antonio, that represents Phase I of a 100-acre development known as McCarty Park. Phase I will comprise three rear-load buildings on 48.6 acres that will range in size from 94,648 to 127,480 square feet and feature 28- to 32-foot clear heights. Completion is slated for late 2025. CBRE is marketing the property for lease.

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Ivy-Lofts-Pearland
DevelopmentMultifamilyTexas

Sueba USA Completes 335-Unit Ivy Lofts Apartments in Pearland, Texas

by Taylor Williams

PEARLAND, TEXAS — Locally based developer Sueba USA has completed Ivy Lofts, a 335-unit apartment community in the southern Houston suburb of Pearland. The property offers studio, one-, two- and three-bedroom floor plans ranging in size from 480 to 1,280 square feet. Amenities include a pool, fitness center, coffee bar, multimedia center, catering kitchen and package lockers, as well as 10,707 square feet of retail space. Rents start at $1,275 per month for a studio apartment. Construction began in December 2022.

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DevelopmentRetailTexas

H-E-B to Open 101,000 SF Grocery Store in Manor, Texas

by Taylor Williams

MANOR, TEXAS — Grocer H-E-B will open a 101,000-square-foot store in Manor, an eastern suburb of Austin. The store will feature pharmacy pick-up spaces, a curbside service area, seven-pump fuel station and a car wash. Construction is underway, and the opening is scheduled for late 2025. The San Antonio-based grocer operates about 435 stores throughout Texas and Mexico.

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Stoughton-Logistics-Park
DevelopmentIndustrialMassachusettsNortheast

Brookfield Underway on 880,085 SF Industrial Project in Stoughton, Massachusetts

by Taylor Williams

STOUGHTON, MASS. — Brookfield Properties is underway on construction of Stoughton Logistics Park, an 880,085-square-foot industrial project located on the southern outskirts of Boston. The 65-acre site at 45 Maple St. is a former quarry that is being redeveloped into a logistics campus with three buildings. Those buildings, one of which is already complete, range in size from 189,470 to 411,930 square feet. Buildings will feature clear heights of 36 to 42 feet, and the site also offers 6.9 acres for outdoor trailer parking/storage space. CBRE has been tapped as the leasing agent. The second and third buildings are scheduled for third-quarter 2025 deliveries.

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DevelopmentIndustrialNew JerseyNortheastOffice

Link Logistics to Undertake 123,000 SF Industrial Redevelopment in Parsippany, New Jersey

by Taylor Williams

PARSIPPANY, N.J. — Link Logistics will undertake a 123,000-square-foot industrial redevelopment project in the Northern New Jersey community of Parsippany. According to Parsippany Focus, the 10.4-acre site at 2 Hilton Court was previously home to Japanese pharmaceutical company Daiichi Sankyo, which vacated the premises in 2016 but continued paying the lease through 2022. Marc Duval, Jose Cruz, Jordan Avanzato, Nicholas Stefans and Jason Lundy of JLL brokered the land sale. The seller was not disclosed, but the local publication also reports that Onyx Equities purchased the property in 2020.

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CivicDevelopmentNew JerseyNortheast

Saddle River Day School Plans New 32,000 SF Science, Entrepreneurship Facility

by Taylor Williams

SADDLE RIVER, N.J. — Saddle River Day School, which is located near the New York-New Jersey border and serves students in grades prekindergarten through 12, is planning a new, 32,000-square-foot science and entrepreneurship facility. The building will house 13 classrooms, five small group instruction rooms, including three specialty learning spaces and four science labs, as well as faculty offices, an upperschool commons, social spaces and a new admissions center. DIGroup Architecture has been tapped to design the project. A general contractor has not yet been named.

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