Development

Affirmed Housing Opens $25M Affordable Seniors Housing Community Near Los Angeles

by Amy Works October 4, 2018

CARSON, CALIF. — Affirmed Housing has opened Bella Vita, a 65-unit affordable seniors housing community in Carson, located approximately 15 miles south of downtown Los Angeles. The $25 million project also features 15,150 square feet of amenities, 62 parking spaces and 3,000 square feet of commercial space on its 1.2-acre plot. Units are reserved for seniors earning between 30 percent and 60 percent of the area median income. Design and development partners include the City of Carson, Withee Malcolm Architects, HA Builder Group, Nexus for Affordable Housing, Fuscoe Engineering and IVY Landscape Architects. Financial partners include Raymond James, US Bank and California Community Reinvestment Corp. Solari Enterprises manages the property and EngAge provides on-site services for the residents. Affirmed Housing is a San Diego-based affordable housing developer.

October 4, 2018

California Development Multifamily Student Housing Western

Servitas, Orange Coast College to Build 814-Bed Student Residence Hall

by Amy Works October 4, 2018

COSTA MESA, CALIF. — Servitas and Orange Coast College (OCC) are set to break ground on an 814-bed residence hall at the college’s campus in Costa Mesa. The project site is structured around a ground lease on campus land by a public-private partnership with National Campus and Community Development Corp. This structure allows for tax-exempt debt financing with no recourse to the college, district or taxpayers. The apartment-style community is set to open in August 2020. “We are very pleased with this partnership between Servitas and OCC,” says Angel Rivera, vice president of real estate development at Servitas. “It offers students a cost-efficient and convenient housing community that integrates seamlessly with the campus.” The design-build team includes HPI Architecture, MVE Architects and construction firm Moss. George K. Baum & Co. provided the bond underwriting, and The Scion Group will manage the project in close collaboration with the college.

October 4, 2018

Colorado Development Multifamily Seniors Housing Western

Ridge Senior Living Tops Out $150M Seniors Housing Development in Metro Denver

by Amy Works October 4, 2018

LAKEWOOD, COLO. — The Ridge Senior Living has completed vertical construction of The Ridge at Pinehurst, an 18-acre independent living, assisted living and memory care community in the first-ring Denver suburb of Lakewood. Development costs are estimated at $150 million for the project. When completed, the community will offer 222 independent living units, 96 assisted living units and 42 memory care units. Construction is scheduled for completion in fall 2019. The community will offer residents views of the Rocky Mountains, Marston Lake and downtown Denver, as well as a number of amenities including an on-site health and wellness center. The Ridge partnered with Denver-based companies Shaw Construction and Lantz-Boggio Architects to execute the project. The Ridge Senior Living is a developer with two existing communities in the Salt Lake City area. The new development will be its first expansion outside Utah.

October 4, 2018

Development Mixed-Use Texas

CSW Development Breaks Ground on 250,000 SF Mixed-Use Center in Metro Austin

by Taylor Williams October 4, 2018

GEORGETOWN, TEXAS — Austin-based CSW Development has broken ground on Wolf Crossing, a 250,000-square-foot mixed-use center located at the junction of Interstate 35 and State Highway 29 in Georgetown, a northern suburb of Austin. Situated on 42 acres, the center will house a grocery store, several restaurants, neighborhood-service retailers, medical facilities and a hotel. Openings are slated for fall 2019. JLL is handling leasing and marketing of the center, prospective tenants of which include Verizon, P. Terry’s, Jason’s Deli and Salons by JC.

October 4, 2018

Development Midwest Missouri Mixed-Use

Remiger Design Unveils Master Plan for Redevelopment of Former Crestwood Mall in Suburban St. Louis

by Kristin Harlow October 4, 2018

CRESTWOOD, MO. — Architectural firm Remiger Design has unveiled a master plan for the redevelopment of the former Crestwood Mall in suburban St. Louis. Remiger is working with Chris Cedergreen, a commercial real estate design advisor. Plans call for more than 794,000 square feet of retail, office and residential space. The retail portion will feature 160,000 square feet, including a pharmacy, four outlots and a cinema. The office portion will include 240,000 square feet of office and medical space. The residential component will feature a four-story building with amenities such as a fitness room, pool and outdoor meeting area. Plans call for nearly 3,000 parking spaces. Known as Crestwood City Center, the development will connect to Grant’s Trail, a greenway. Crestwood Mall, which once housed more than 100 retailers in 1 million square feet, closed in September 2013. Owner UrbanStreet Group has completed the environmental remediation and demolition of the mall. Walpert Properties Inc. is the project developer. HBD is the general contractor. Pam Hinds and Christopher Zoellner of Balke Brown Transwestern will market the office and retail portions for lease. The target date for completion of the office portion is January 2020.

October 4, 2018

Development Midwest Mixed-Use Wisconsin

Green Bay Packers Plan Phase II of Titletown Development

by Kristin Harlow October 4, 2018

ASHWAUBENON, WIS. — The real estate development arm of the Green Bay Packers, Titletown Development LLC, has unveiled plans for Phase II of Titletown, the mixed-use development located directly west of the professional football team’s Lambeau Field. Phase II plans call for approximately 220 residential units and a 130,000-square-foot office building. Up to 150 apartment units will be built along Brookwood Drive. The remaining residences will be townhomes available for ownership. The office building will be constructed along Lombardi Avenue and Marlee Lane. Wisconsin-based Commercial Horizons will serve as an investor and designer for the building. Construction is expected to begin in spring 2019 with completion slated for summer 2020. GK Titletown Developers LLC, a joint venture between Glimcher Capital Group and Kaufman Development, is serving as a co-developer for the residential portion. Project architects include NBBJ, Humphreys & Partners Architects, KTGY Architecture + Planning and Performa. The Green Bay Packers have won more championships — 13 to be exact — than any other team in National Football League history, including four Super Bowls.

October 4, 2018

Development Industrial Texas

Clay Development to Build 214,300 SF Spec Distribution Center in Houston

by Taylor Williams October 4, 2018

HOUSTON — Clay Development & Construction Inc. will build Sheldon Distribution Center I, a 214,300-square-foot industrial property in Houston. The property, which is being developed on a speculative basis, will be situated on an 11.2-acre site that allows for expansion of up to 385,000 square feet. Building features will include 32-foot clear heights, 44 dock-high doors, a 135-foot truck court, 104 employee parking spots and the option of 29 trailer parking spots. The groundbreaking is scheduled for Dec. 1 and completion is slated for the second quarter of 2019. Frost Bank provided construction financing for the project. NAI Partners will lease the property.

October 4, 2018

Development Midwest Minnesota Multifamily

Opus Completes 30-Story Apartment Building in Minneapolis

by Kristin Harlow October 4, 2018

MINNEAPOLIS — The Opus Group has completed 365 Nicollet, a 30-story apartment building in the heart of downtown Minneapolis on Nicollet Mall. The 370-unit property includes 9,000 square feet of ground-level retail space. Floor plans range from 520 to 3,000 square feet and units include floor-to-celling windows with quartz countertops. Amenities include an outdoor pool, yoga studio, outdoor theater, clubroom, penthouse lounge, concierge services and bike storage. The Excelsior Group is responsible for the management and lease-up of the property. Monthly rents start at $1,490.

October 4, 2018

Development Indiana Industrial Midwest

Pitney Bowes Opens 450,000 SF Fulfillment Center in Greenwood, Indiana

by Kristin Harlow October 3, 2018

GREENWOOD, IND. — Pitney Bowes (NYSE: PBI) has opened a new 450,000-square-foot fulfillment, delivery and returns super center in Greenwood. Pitney Bowes is a global technology company that provides commerce solutions. The facility has automated parcel sortation equipment and fulfillment solutions powered by robotics to fulfill e-commerce orders, enable deliveries and process returns for both consumers and e-commerce retailers. Building features include 80 dock doors and parking for 144 trailers. Pitney Bowes plans to grow its presence to more than 300 full-time employees in the coming year.

October 3, 2018

Development Illinois Industrial Midwest

Meridian Breaks Ground on 174,536 SF Industrial Facility in Chicago

by Kristin Harlow October 3, 2018

CHICAGO — Meridian Design Build has broken ground on a 174,536-square-foot speculative industrial facility on behalf of Venture One Real Estate and USAA Real Estate Co. in the Southwest Pilsen neighborhood of Chicago. Known as Rockwell Logistics Center, the property will feature a clear height of 32 feet, 32 trailer parking stalls and two drive-in doors. Forum Studio is the project architect, while Jacob & Hefner Associates is the civil engineer. Terry Grapenthin and Tim McCahill of Lee & Associates will market the property for lease.

October 3, 2018

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