Development

Meridian Design Build Completes 43-Acre Truck Terminal in Greenwood, Indiana

by Kristin Harlow March 25, 2025

GREENWOOD, IND. — Meridian Design Build has completed a build-to-suit for a North American provider of less-than-truckload (LTL) freight services on a 43-acre site at 2955 Allen Road in Greenwood. Scannell Properties was the developer. The project features a 125-door, cross-docked truck terminal with 123 loading positions and 11,000 square feet of office/support space. An adjacent, freestanding maintenance building includes six fully equipped service bays and a truck wash bay. The site is paved to accommodate 350 employee/driver parking stalls, 219 trailer storage positions, 175 tractor stalls and 247 van stalls. Bill Thomas Architect provided architectural services and American Structurepoint handled the civil engineering.

March 25, 2025

Company News Development Industrial Louisiana Southeast Top Stories

Hyundai to Develop $5.8B Steel Plant in Louisiana as Part of $21B U.S. Investment Announcement

by Hayden Spiess March 25, 2025

ASCENSION PARISH, LA. AND SEOUL — Hyundai Steel Co., a South Korean steel manufacturer and part of automotive giant Hyundai Motor Group, has announced plans to develop a $5.8 billion steel manufacturing facility in southeast Louisiana’s Ascension Parish. The new steel plant is part of Hyundai’s announcement for $21 billion in U.S. investments between 2025 and 2028. Construction on the plant, which will be capable of producing 2.7 million metric tons of steel annually, is scheduled to begin in the third quarter of 2026 in Ascension Parish. Hyundai Steel is targeting commercial production of automotive steel plates to begin at the mill in 2029. According to a statement issued by Louisiana Gov. Jeff Landry, the new facility is expected to create 1,400 new direct jobs with an average salary of $95,000. Louisiana Economic Development (LED) also estimates that the project will result in 4,100 indirect new jobs. A large portion of the steel manufactured at the mill will be transported to Hyundai vehicle manufacturing plants throughout the country. Hyundai Steel also plans to open up sales of its automotive steel plates to other auto manufacturers in the United States, Europe and Latin America, according to Seo Gang-Hyun, president and CEO …

March 25, 2025

Affordable Housing California Development Multifamily Seniors Housing Western

USA Properties Fund, Pinyon Group Open $21M Affordable Age-Restricted Property in Carlsbad, California

by Amy Works March 24, 2025

CARLSBAD, CALIF. — Roseville, Calif.-based USA Properties Fund and Los Angeles-based The Pinyon Group have opened Vintage at Marja Acres, an affordable age-restricted community in Carlsbad. Located at 4660 Garden Hill Loop, Vintage at Marja Acres offers 47 apartments, a community room, wellness/health center and onsite laundry. The one-bedroom apartments feature energy-efficient appliances and light fixtures, and low-flow faucets, showers and toilets. The units are designated for residents at least 55 years old who earn 30 percent to 60 percent of the area median income for San Diego County, Calif. Vintage at Marja Acres is a public-private partnership that includes the City of Carlsbad, Riverside Charitable Corp. and WNC Inc. JPMorgan Chase is the construction and permanent lender for the $21 million project. IHP Capital Partners and KB Homes are also partners on the project, which is in infill community that is named after a former longtime nursery on the property.

March 24, 2025

Development Industrial Texas

T1 Energy to Open $850M Solar Cell Manufacturing Facility in Rockdale, Texas

by Taylor Williams March 24, 2025

ROCKDALE, TEXAS — T1 Energy (NYSE: TE), the company formerly known as FREYR Battery, will open an $850 million solar cell manufacturing facility in Rockdale, located northeast of Austin in Milam County. The site spans 100 acres within Sandow Lakes, the mixed-use redevelopment of a 33,000-acre industrial park formerly occupied by aluminum manufacturer Alcoa, and the facility could employ as many as 1,800 people. According to Manufacturing Dive, T1 Energy is aiming to start construction in the second or third quarter, with production expected to commence in late 2026.

March 24, 2025

Development Hospitality Restaurant Retail Texas

DC Partners to Develop 22-Acre Hospitality, Retail Project in Fredericksburg, Texas

by Taylor Williams March 24, 2025

FREDERICKSBURG, TEXAS — Houston-based DC Partners will develop The Meuse, a 22-acre hospitality and retail project in Fredericksburg, about 80 miles west of Austin. Named after town founder John Meusebach and designed by Merriman Anderson Architects, The Meuse will comprise a 212-room boutique hotel and 72,300-square-foot retail district. The hotel will offer a full-service restaurant, lobby bar, event venue and a pool deck and lounge. The adjacent retail district, which will be leased by Colliers, will feature boutique shops, artisanal markets and locally inspired food-and-beverage concepts, as well as open-air spaces. Construction is scheduled to begin this spring and to be complete in late 2027.

March 24, 2025

Development Georgia Multifamily Southeast

Woodfield Development Completes 280-Unit Apartment Community in Savannah

by John Nelson March 24, 2025

SAVANNAH, GA. — Charleston-based Woodfield Development has completed EmmaJames at Savannah Harbor, a 280-unit luxury apartment community located in the larger Savannah Harbor mixed-use development. The project team includes architectural firm Housing Studio, general contractor Samet Corp. and interior designer Cindy Munn of S. Wilkins. Situated at 101 Cay Plaza, the development offers a mix of one-, two- and three-bedroom floorplans ranging in size from 682 square feet to 1,732 square feet. Additionally, the complex also features one- and two-bedroom townhomes that measure up to 2,064 square feet. Monthly rental prices for the property begin at $1,555. Amenities at the property include a rooftop pool deck, 24/7 fitness center, yoga studio, piano room, pet park and spa, business and coworking spaces, self-serve tap lounge and an outdoor lawn with grilling and fire pit areas.

March 24, 2025

Development Healthcare South Carolina Southeast

HCA Healthcare Breaks Ground on 80,000 SF Medical Facility in North Charleston, South Carolina

by John Nelson March 24, 2025

NORTH CHARLESTON, S.C. — Nashville-based HCA Healthcare has broken ground on HCA Trident Medical Center, an 80,000-square-foot medical facility located in North Charleston. Designed by Baker Barrios Architects, the four-story building — which is an expansion of Trident Medical Center — will include clinical offices for HCA Healthcare’s cardiology, neurology and orthopedics departments, as well as a cardiac rehabilitation center and hospital administrative spaces. It is also designed to accommodate a 40,000-square-foot vertical expansion with two additional floors. Baker Barrios has designed approximately 20 projects for HCA Healthcare, one of the country’s largest healthcare providers.

March 24, 2025

Build-to-Rent Development Georgia Multifamily Single-Family Rental Southeast

ARK Homes Delivers 237-Unit Build-to-Rent Community in Brunswick, Georgia

by John Nelson March 24, 2025

BRUNSWICK, GA. — ARK Homes For Rent has completed Walker Point, a 237-unit build-to-rent (BTR) residential community located at 1101 Walker Point Way in Brunswick, about 70 miles south of Savannah. Situated on 25 acres, the property features townhomes ranging up to 1,800 square feet that come in two-, three- and four-bedroom floorplans. Amenities include a clubhouse, fitness center, yoga room, swimming pool, outdoor lounge with grilling and dining areas and a dog park. Walker Point is now available for lease, with monthly rental rates beginning at $1,649. ARK Homes held a ribbon cutting on Friday, March 21.

March 24, 2025

Development Florida Industrial Southeast

HLI Partners, Whitley Capital to Develop 116,000 SF Industrial Facility in Sanford, Florida

by John Nelson March 24, 2025

SANFORD, FLA. — HLI Partners and Whitley Capital have partnered to develop a 116,000-square-foot industrial facility at the corner of West Airport Boulevard and McCracken Road in Logisticenter at Sanford. The project is a build-to-suit development for game distributer PHD Games, which signed a 10-year lease for the facility and will occupy 81,330 square feet. HLI Partners will market the remaining 34,600 square feet of available space. The new facility will house PHD Games and its sister company, Coqui Hobby, as a consolidation of its two existing locations. The facility is scheduled for occupancy in the second quarter of 2026. Additionally, HLI will lease both of PHD Game’s current properties at 623 Trestle Point (20,716 square feet) in Sanford and 390 S. Ronald Reagan Blvd. (21,881 square feet) in Longwood, Fla.

March 24, 2025

Build-to-Rent Development Illinois Loans Midwest Single-Family Rental

JLL Secures $55.6M in Financing for Build-to-Rent Development in Deerfield, Illinois

by Kristin Harlow March 24, 2025

DEERFIELD, ILL. — JLL Capital Markets has secured a $45.7 million construction loan and a $9.9 million mezzanine loan for Park5 Luxury Rental Townhomes, a 144-unit build-to-rent community in the northern Chicago suburb of Deerfield. Located just west of I-94, Park5 will feature two- and three-bedroom townhomes averaging 1,953 square feet with two-car attached garages and private yards. Matthew Schoenfeldt and Mary Dooley of JLL secured the senior construction loan through Bank OZK and the mezzanine financing through an insurance company on behalf of the borrower, VennPoint Real Estate. Dan Reynolds and Chris Cummins of JLL consulted on selling the land for $10.2 million on behalf of the seller, Quadrangle.

March 24, 2025

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