Development

NHP Foundation Opens $45M Supportive Housing Complex in Midtown Houston

by Taylor Williams April 23, 2025

HOUSTON — The NHP Foundation has opened RoseMary’s Place, a $45 million supportive housing complex in Midtown Houston. The four-story, 149-unit building is dedicated to supporting individuals or families who are currently or were recently experiencing homelessness. The NHP Foundation has partnered with nonprofit social services provider Magnificat Houses Inc. to operate RoseMary’s Place, which also offers three multipurpose rooms, two gathering areas, a warming kitchen and a 24-hour staffed entry desk. The City of Houston Housing & Community Development Department provided $18.7 million in financing for the project, while the Harris County Community Services Department contributed $10.2 million. Hudson Housing is the tax credit investor whose purchase of those securities generated $13.6 million in equity financing for the project.

April 23, 2025

Development Multifamily Texas

RangeWater to Develop 240-Unit Apartment Complex in South Austin

by Taylor Williams April 23, 2025

AUSTIN, TEXAS — Atlanta-based owner-operator RangeWater Real Estate will develop a 240-unit apartment complex in South Austin. The site spans 7.9 acres at 11800 Menchaca Road, and the property will house a mix of studio, one- and two-bedroom units that will range in size from 549 to 1,264 square feet. Amenities will include a pool, clubhouse, fitness center, dog park, a speakeasy-inspired garden room, library, flexible office spaces, courtyards and outdoor grilling and dining stations. RangeWater is developing the project in a joint venture with a subsidiary of Dallas-based investment firm The Meridian Group. Construction is set to begin in the coming weeks and to be complete in early 2027.

April 23, 2025

Development Industrial Southeast Virginia

PNK Group Breaks Ground on 846,000 SF Industrial Facility Near Richmond

by John Nelson April 23, 2025

CHESTERFIELD COUNTY, VA. — PNK Group has broken ground on PNK Ashton Park, an 846,000-square-foot industrial facility situated on 86.6 acres in metro Richmond’s Chesterfield County. The facility is designed for flexible use by either a single tenant or multiple occupants. Details about the project’s construction timeline were not disclosed.

April 23, 2025

Development Leasing Activity North Carolina Office Restaurant Retail Southeast

Parkside, MDH Add Tenants at Oakhurst Commons Redevelopment Project in East Charlotte

by John Nelson April 23, 2025

CHARLOTTE, N.C. — Co-owners Parkside Partners and MDH Partners have opened or signed a new round of office and retail tenants at Oakhurst Commons, a 10-acre mixed-use redevelopment underway in Charlotte’s Oakhurst neighborhood on the city’s east side. Thrift Commercial Real Estate Services is leading the leasing assignment for both the office and retail components at Oakhurst Commons. The new concepts joining include Brunches (opening in August), The Health Club (open), Ilios Crafted Greek (open), DreamMaker Bath & Kitchen (no opening date announced), Wildlands Engineering (no opening date announced), Switchyards (open), Made2Move (open) and Moodhouse (open).

April 23, 2025

Development Industrial Northeast Pennsylvania

Rockefeller Group, MBK Real Estate to Develop 2 MSF Industrial Park in Silver Spring, Pennsylvania

by Taylor Williams April 23, 2025

SILVER SPRING, PA. — A joint venture between New York City-based Rockefeller Group and MBK Real Estate, a subsidiary of Japanese conglomerate Mitsui & Co., will develop a 2 million-square-foot industrial park in Silver Spring, located just west of Harrisburg. Silver Spring Logistics Park will be situated on a 182-acre site that is located about three miles from I-81 and is part of the former 451-acre Hempt Farm. The development will consist of three buildings that will total 892,620, 803,520 and 318,060 square feet and will feature clear heights of 40 feet and 185-foot truck court depths. The two larger buildings will have cross-dock configurations. CBRE has been tapped as the leasing agent and also brokered the land deal on behalf of the seller, HSS Investors LLC. Other project partners include Margulies Hoelzli Architecture, civil engineer Alpha Consulting and general contractor Penntex Construction.

April 23, 2025

Development Healthcare Illinois Midwest Retail

Krusinski to Transform 14,446 SF Medical Space into Daycare Center in South Elgin, Illinois

by Kristin Harlow April 23, 2025

SOUTH ELGIN, ILL. — Krusinski Construction Co. will transform a 14,446-square-foot vacant space on the first floor of the Medical and Legal Arts Building in South Elgin into a daycare center for BrightPath Kids, which operates more than 230 centers across the U.S. and Canada. The interior scope includes partial demolition and full reconstruction of the first floor. The new space will feature activity rooms and learning areas equipped with advanced classroom technology. Mechanical, electrical, plumbing and fire protection systems will be enhanced to meet the client’s needs. Exterior upgrades will include parking lot improvements and the addition of a new playground on the east side of the building. Krusinski originally completed the ground-up, two-story building in 2007. The facility previously housed an immediate care clinic for Advocate Aurora Health Sherman Family Healthcare on the first floor, with law offices and conference rooms on the second. The project team includes Colliers Engineering & Design as architect and civil engineer.

April 23, 2025

Civic Development Texas

ACCD Breaks Ground on $1.6B Expansion of Austin Convention Center

by Taylor Williams April 22, 2025

AUSTIN, TEXAS — The Austin Convention Center Department (ACCD) has broken ground on the expansion of the state capital’s marquee entertainment and event destination, a project that is known as Unconventional ATX and is valued at $1.6 billion. The expansion will increase the existing facility’s rentable square footage from 365,000 to 620,000 square feet. The design, led by LMN Architects and Page Southerland Page, reimagines traditional event spaces, prioritizing accessibility, flexibility, sustainability and maximization of natural light. Key architectural highlights include expansive outdoor features such as open-air terraces, public plazas and seamless indoor-outdoor connections. A joint venture between JE Dunn Construction and Turner Construction Co. is acting as general contractor and construction manager. Funding for Unconventional ATX, which is expected to be complete in late 2028 in time for the spring 2029 festival season, stems from the city’s hotel occupancy tax and other convention center revenue.

April 22, 2025

Development Florida Leasing Activity Restaurant Retail Southeast

Barron Collier to Open 21,000 SF Midtown Plaza at Ave Maria Retail Center in Southwest Florida

by John Nelson April 22, 2025

AVE MARIA, FLA. — Barron Collier Cos. will soon open Midtown Plaza at Ave Maria, a 21,000-square-foot retail center located at 5360 Ave Maria Blvd. in Southwest Florida. Set for a grand opening event on May 17, the retail property is situated on the east side of Collier County within the Ave Maria master-planned community. Barron Collier achieved full occupancy at Midtown Plaza with the recent signings and openings of NCH Immediate Care and UMami Asian Fusion. Other tenants include Sunshine Ace Hardware, AM Nails, Cold Stone Creamery and Ledo Pizza. Dunkin’ occupies a corner suite at the property that features a drive-thru.

April 22, 2025

California Development Multifamily Seniors Housing Western

EAH Housing Reopens Rodeo Gateway Seniors Housing Community in Rodeo, California

by Amy Works April 22, 2025

RODEO, CALIF. — EAH Housing has reopened Rodeo Gateway, a seniors housing property in Rodeo, after implementing interior and exterior upgrades to residences and common spaces. Rodeo Gateway features 49 one-bedroom apartments for seniors aged 62 and older and a two-bedroom manager’s unit. Community amenities include a landscaped courtyard, tree-lined walkways, comfortable seating areas and resident amenities, including a sunroom, computer lab and fully equipped community kitchen. The rehabilitation included upgraded residences with new energy-efficient appliances, high-efficiency LED lighting, new flooring and updated kitchen and bathroom cabinetry, sinks and fixtures; enhanced ADA-compliant amenities, including roll-in showers and improved mobility features; and a newly designed community room with new furnishings, flooring, paint and window coverings. Additional enhancements include improved air circulation in common hallways and new security features, such as an updated entry call system with key fob access and a new Wi-Fi system.

April 22, 2025

Development Mixed-Use Texas

Partnership to Develop $1.3B Mixed-Use Project in McKinney, Texas

by Taylor Williams April 22, 2025

MCKINNEY, TEXAS — A partnership between regional developer Creation, Horizon Capital Holdings and Arizona-based investment firm Vaulter will develop Long Branch, a $1.3 billion mixed-use project that will be located about 30 miles north of Dallas in McKinney. The site, which spans 155 acres and is situated just north of the downtown area, will be developed in phases over the next decade. Plans currently call for 1,600 multifamily units; 135,000 square feet of retail space that will be anchored by a 65,000-square-foot grocery store; a 318,600-square-foot office campus with two six-story buildings; a 100-room hotel; and a five-story, 910-space structured parking garage. Dallas-based GFF is leading design of the project, and LGE Design Build, which is also based in Dallas, is leading construction. Infrastructural work on the site is expected to kick off later this year, with the first phase of vertical development to follow shortly thereafter.

April 22, 2025

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