Sunday, May 25, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Development

Gilmore-Gilbert-AZ
ArizonaDevelopmentHospitalityMixed-UseMultifamilyRestaurantRetailWestern

Thompson Thrift Breaks Ground on $225M Mixed-Use Development in Gilbert, Arizona

by Amy Works

GILBERT, ARIZ. — Thompson Thrift has broken ground on The Gilmore, a $225 million mixed-use development located in the Phoenix suburb of Gilbert. The 35-acre project will comprise approximately 200,000 square feet of grocery, restaurant and retail space, 300 luxury apartment homes and a hotel. The development will feature a main street-style entrance with covered walkways, common areas, murals by local artists and landscaped outdoor gathering spaces. More than 25 retail leases have already been signed, including Better Buzz Coffee; Handel’s Ice Cream; Jersey Mike’s; Sweathouz; Rebel Wine Lounge; Square 1 Food Hall; Nook Kitchen; Phantom Fox Brewery; Level 1 Arcade Bar; Woof Gang Bakery & Grooming; Over Easy; and a 64,000-square-foot Safeway. Retailers are expected to begin opening in late 2026, while the first resident move-ins are planned for early 2027.

Continue Reading
FacebookTwitterLinkedinEmail
Gillespie-Field-iPark-El-Cajon-CA
CaliforniaDevelopmentIndustrialWestern

C2 Building Group Completes 380,000 SF Manufacturing Facility for GKN Aerospace in El Cajon, California

by Amy Works

EL CAJON, CALIF. — Construction is complete for Gillespie Field iPark, a build-to-suit manufacturing facility for GKN Aerospace and distribution speculative suite near Gillespie Field public airport in El Cajon. The project’s development team includes Ware Malcomb as architect, interior designer and civil engineer; Chestnut Properties as developer; C2 Building Group as general contractor; Prime Engineering as structural engineer; Ridge Landscaping as landscape architect; and NV5 as utility consultant. GKN Aerospace is a global tier-one suppler of aftermath repairs, airframe and engine structures, landing gear, electrical interconnection systems and transparencies. The 380,000-square-foot facility features a two-story lobby, mezzanine, conference rooms, break areas, technical labs and climate-conditioned manufacturing warehouse.

Continue Reading
FacebookTwitterLinkedinEmail
Ruby-Square-Queens
DevelopmentMultifamilyNew YorkNortheast

BRP Cos. Begins Leasing 614-Unit Mixed-Income Multifamily Development in Queens

by Taylor Williams

NEW YORK CITY — Locally based owner-operator BRP Cos. has begun leasing Ruby Square, a 614-unit mixed-income multifamily development in the Jamaica area of Queens. Ruby Square features a mix of studios (seven), one-bedroom units (454) and two-bedroom apartments (153). About a third (185) of the units are affordable for residents earning between 80 and 130 percent of the area median income. The property also offers 50,000 square feet of amenity space across a two-level private park, multiple rooftop lounges, a fitness center, coworking spaces, multiple resident lounges, an indoor basketball court, children’s playroom, pet grooming facilities and a 24/7 attended lobby. The first move-ins are now underway. Market-rate rents start at about $2,800 per month.

Continue Reading
FacebookTwitterLinkedinEmail
Dyer-Wharf-Providence
DevelopmentMultifamilyNortheastRhode Island

I-195 District Unveils Plans for Multifamily Project in Downtown Providence

by Taylor Williams

PROVIDENCE, R.I. — The I-195 Redevelopment District Commission has unveiled plans for Dyer Wharf, a 214-unit multifamily project in downtown Providence. Developed as part of a broader initiative to revitalize the state capital’s riverfront district, Dyer Wharf will be a 12-story building that will offer amenities such as a communal lounge, kitchen, fitness center, and coworking area, as well as ground-floor retail space. SGA has been named as the project architect, and Consigli Construction has been tapped as the general contractor. Completion is slated for late 2027.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMidwestMultifamilyOhioSeniors Housing

Churchill Stateside Group Provides $7.9M in Construction Financing for Ohio Senior Living Project

by Kristin Harlow

LANCASTER, OHIO — Churchill Stateside Group LLC, a real estate and renewable energy financial services company, has provided a $7.9 million forward-committed permanent loan for The Reserve at Hunter Trace, a 95-unit affordable senior living development in Lancaster, about 30 miles southeast of Columbus. The financing, provided by Churchill Mortgage Investment LLC, supports the development of the three-story building. All units will be income-restricted at 60 percent of the area median income. Construction is slated for completion in 2026. The loan features a 40-year amortization and three years of interest-only payments after stabilization.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMixed-UseTennesseeTop Stories

Ridgeline Development, Deep Cove Break Ground on 550,000 SF Mixed-Use Project in Nashville

by Hayden Spiess

NASHVILLE, TENN. — Ridgeline Development Partners (RDP) and Deep Cove Partners (DCP) have broken ground on The Bend at Capitol District, a 550,000-square-foot mixed-use project in Nashville.  The project marks an expansion of the TownePlace Suites at North Capitol development, which was completed in 2020.  Nashville-based Smith Gee Studio and New York-based S9 Architecture designed the project, which will feature a 188-key Moxy-branded hotel, 10-story residential tower and 17,000 square feet of retail space within an interconnected paseo. The residential building will include 128 fully furnished extended stay units and 133 apartment units.  Completion of the development is scheduled for early 2027. Skanska USA is the general contractor. The project team also includes engineers RaganSmith Associates and Power Management Corp. JLL is serving as project manager, and The Gettys Group will lead branding, interior design and procurement efforts.  The Bend at Capitol District is located near the Tennessee State Capitol and Metro Courthouse and will be within walking distance of the Music City downtown entertainment district.  — Hayden Spiess

Continue Reading
FacebookTwitterLinkedinEmail
Mustang-Ridge-Distribution-Center-Austin
DevelopmentIndustrialTexas

Clay Development Breaks Ground on 538,720 SF Spec Industrial Project in Southeast Austin

by Taylor Williams

AUSTIN, TEXAS — Houston-based Clay Development & Construction has broken ground on Mustang Ridge Distribution Center I, a 538,720-square-foot speculative industrial project in southeast Austin. The site spans 27.7 acres at the corner of 6925 FM 1327 and U.S. Highway 183, just south of Austin-Bergstrom International Airport. Building features will include a cross-dock configuration, 36-foot clear heights, 65-foot loading bays, 130-foot truck court depths, 105 dock doors, four drive-in overhead doors, 138 trailer parking spaces and an ESFR sprinkler system. Colliers is the third-party leasing agent for Mustang Ridge Distribution Center, which is expected to be complete by the end of the year.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialTexas

Scannell Properties Begins Construction on 139,674 SF Cold Storage Facility in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Indianapolis-based developer Scannell Properties has begun construction on a 139,674-square-foot cold storage facility in Fort Worth. The facility will consist of 127,307 square feet of freezer space and 12,367 square feet of office space, with the capacity for 40,667 square feet of expansion. In addition, the facility will have 42-foot clear heights, 24 fully equipped dock doors, space for approximately 15,000 pallet positions and six flex rooms with temperatures that will range from -10 to 40 degrees Fahrenheit. CBRE is the leasing agent. Completion is slated for mid-2026.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestRetail

NewMark Merrill to Complete $1.5M Remodel of Bricktown Square Shopping Center in Chicago

by Kristin Harlow

CHICAGO — NewMark Merrill Cos. Inc. has unveiled plans for a $1.5 million renovation of Bricktown Square, a 292,309-square-foot shopping center in Chicago. Improvements will include combining two existing spaces into a single larger space for a new Skechers location; completing façade renovations and new paint to the buildings occupied by ATI, Harbor Freight and LA Fitness; adding new signage and wayfinding; and painting the entire property with a new color scheme. Two new tenants, Okini Buffet and Kinship Health, are slated to open later this year. Since acquiring the property in June 2021, NewMark Merrill has renewed four tenants and generated a 39 percent increase in customer foot traffic, according to Placer.ai. Bricktown Square is now 98 percent leased.

Continue Reading
FacebookTwitterLinkedinEmail
21-West-Pittsburgh
DevelopmentMultifamilyNortheastPennsylvania

JLL Arranges $67M Construction Loan for Pittsburgh Multifamily Project

by Taylor Williams

PITTSBURGH — JLL has arranged a $67 million construction loan for 21 West, a 291-unit project in Pittsburgh. The site at 430 W. General Robinson St. is located within Pittsburgh’s primary entertainment district, with PNC Park, Acrisure Stadium, Rivers Casino and the Andy Warhol Museum all within walking distance. The project will comprise 313,000 rentable square feet across 11 stories. Units will come in studio, one- and two-bedroom floor plans. Residents will have access to amenities such as a sky bar on the 11th floor, rooftop deck with pool, concierge services, coworking space, fitness center and wellness suite. Nick Unkovic and Zach Barone of JLL arranged the four-year, floating rate loan through Dollar Bank on behalf of the developer, a joint venture between Oxford Development Co. and RDC.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts