CARY, N.C. — The development team behind the 92-acre Fenton mixed-use development in Cary, which includes Hines, Columbia Development and Affinius Capital, has announced a new 186-room hotel coming to the development. The master developers are bringing on Mainsail Lodging & Development and Ross Hotel Partners to co-develop the seven-story hotel, with Mainsail also signed on to operate the property upon completion. The developers will break ground in first-quarter 2025 and open the hotel in first-quarter 2027. Designed by BRPH, the hotel will be a member of the Tribute Portfolio Hotels by Marriott International family of brands and will feature a second-floor signature restaurant and bar; a lobby bar and coffee shop; 6,000 square feet of event space spanning six meeting rooms; a ballroom to accommodate groups up to 300 people; and a 1,500-square-foot culinary studio for cooking demonstrations and ticketed experiences. Other amenities will include a fitness center and an outdoor heated pool with an expanded sundeck. Additionally, the master developers have signed office leases with two new tenants. The deals include a nearly 17,000-square-foot lease with Burns & McDonnell, an engineering, construction and architecture firm, and an approximately 4,400-square-foot lease with Surety Systems, an enterprise resource planning, human …
LAKEVILLE, MINN. — Davis has broken ground on a 14,000-square-foot medical office building for Midwest Ear, Nose and Throat Specialists (Midwest ENT) in the Minneapolis suburb of Lakeville. The single-tenant facility at 11020 161st St. W will complement Midwest ENT’s other locations in metro Twin Cities, including specialty centers in Eagan, Woodbury, Vadnais Heights and Hudson. The Lakeville property is slated for completion in the first quarter of 2025. The project team includes Synergy Architecture Studio, Timco Construction Inc., structural engineer KOMA and civil engineer and landscape architect Loucks.
CINCINNATI — The City of Cincinnati has selected ASM Global to open and operate the Duke Energy Convention Center (DECC), which is currently undergoing a $240 million renovation. The 750,000-square-foot facility closed for construction on July 1. Once renovations are complete, DECC will feature upgraded meeting space and ballrooms, an expansive rooftop terrace and major improvements to building systems and technology, making it more energy efficient. The project will add 12,000 square feet to the exhibit hall. Plans also call for the construction of a two-acre park and outdoor convention area. The convention center is slated to reopen in January 2026. Prior to closing for renovations, the venue hosted 63 events in 2024 with more than 292,540 attendees combined. DECC will be part of a new convention district in the city. Plans include a $480 million new convention headquarters hotel, which is being constructed on an existing surface parking lot just south of the convention center. Once completed, the hotel will feature 800 rooms, as well as 80,000 square feet of flexible meeting space with junior and senior ballrooms, 15,000 square feet of retail space, a pool and outdoor amenity deck. “The operations and management of the reinvented DECC will …
ST. PETERSBURG, FLA. — The City of St. Petersburg has selected Skanska USA as the owner’s representative for the $6.5 billion redevelopment of the Historic Gas Plant property in St. Petersburg, including the design and construction of the new Major League Baseball stadium for the Tampa Bay Rays. The 86-acre redevelopment was announced nearly a year ago and will transform the site, which houses the Rays’ current home ballpark Tropicana Field, into an 8 million-square-foot mixed-use campus. In addition to the new stadium, plans call for new affordable housing, hotels, offices, shops, restaurants and the new home of the Woodson African American Museum of Florida. As the city’s owner’s representative, Skanska USA Building Inc. will provide project management services, including design reviews, project accounting, management of the redevelopment schedule, permitting assistance, onsite quality assurance, ensuring compliance with the development agreements and communication with area stakeholders. The Pinellas County Commission approved the project on Tuesday, July 30 — the final votes needed for the plan to move forward. The St. Petersburg City Council approved plans for the ballpark and the accompanying Historic Gas Plant District development on July 18.
LYNCHBURG, VA. — LifeSpire of Virginia has announced plans for an $80 million expansion of The Summit, a continuing care retirement community in Lynchburg, about 55 miles east of Roanoke, Va. Although the number of units was not disclosed, the company says the project will “create dozens of new residences” via 18 cottage homes and multiple villa options, as well as a new memory care neighborhood. The nonprofit LifeSpire of Virginia, which acquired The Summit in late 2021, plans to complete the expansion over the next 24 months. The Summit sits on a 125-acre campus, which comprises scenic trails; a 10-acre lake for fishing, kayaking and canoeing; and forested areas.
KYLE, TEXAS — Locally based developer Rastegar Property Co. has unveiled plans for Inf1nity Square, a 318-acre master-planned development that will be located in the southern Austin suburb of Kyle. The development will feature roughly 1,000 single-family homes and 1,400 multifamily units as well as 185,000 square feet of commercial space. The commercial component will include retail space, an amenity center and an elementary school, all centered around a town square. In addition, Inf1nity Square will feature 61 acres of open green space that will connect to The Vybe, Kyle’s citywide trail network. CastleRock Communities and Brightland Homes will lead the development of first phase of single-family home development. Trez Capital has provided $31.7 million in construction financing for that phase of the project, which will encompass 329 lots.
PLANO, TEXAS — Dallas-based Rosewood Property Co. has broken ground on The Buckley, a 338-unit apartment community in Plano. The Buckley is the sister property of The Ludlow, both of which are located within the 156-acre Heritage Creekside master-planned development. The Buckley will feature studio, one-, two- and three-bedroom apartments and amenities such as a pool, multiple lounge areas, a club and card room, fitness center, coworking areas and a dog park. MetLife Investment Management is the equity partner for the project, and Broadway Bank provided construction financing. Provident General Contractors will build the property, which was designed by Hensley, Lamkin, Rachel Inc. Completion is slated for summer 2026.
NEW YORK CITY — American Lions, which is a joint venture between locally based developers Fetner Properties and Lions Group, has begun leasing The Bold, a 164-unit apartment building in Queens. Designed by SLCE Architects, the 28-story building is located at 2701 Jackson Ave. in the borough’s Long Island City area and includes 50 affordable housing residences. Units come in studio, one-, two- and three-bedroom floor plans. The amenity package consists of a coworking lounge, gym with a climbing wall, party room with a bar and kitchen, clubhouse lounge, media room and a golf simulator room. Rents start at roughly $3,600 per month for a studio apartment.
MIAMI — SG Holdings, a partnership between Swerdlow Group, SJM Partners and Alben Duffie, has completed the housing component of Sawyer’s Walk, marking the delivery of the largest affordable senior living community in the United States within the last decade, according to the developer. The studio, one- and two-bedroom housing units, which are designated for seniors earning at or below an average of 60 percent of the area median income (AMI), sit atop Sawyer’s Walk’s shops and parking garage. Sawyer’s Walk, a $350 million mixed-use development, is underway in the Overtown neighborhood of Miami. Upon full build-out it will total 1.5 million square feet, including the 578 residential units completed that will be home to low-income seniors; 175,000 square feet of retail space committed to tenants including Target (50,000 square feet) and Aldi (25,000 square feet); a 25,000-square-foot public plaza; and 130,000 square feet of office space acquired by MSC Group that will anchor its North American cruise division headquarters. The retail component is slated to open this fall. SG Holdings broke ground on the 3.4-acre, mixed-use development in June 2021. The public-private partnership was made possible through a collaboration with the City of Miami’s Southeast Overtown/Park West Community Redevelopment …
OAK HARBOR, WASH. — KeyBank Community Development Lending and Investment (CDLI) has provided $17.9 million in federal Low Income Housing Tax Credit equity and a $19.3 million construction loan for the construction of Camas Flats, an affordable residential property in Oak Harbor, located on an island north of Seattle. KeyBank Commercial Mortgage Group also arranged an $8.2 million Fannie Mae MTEB permanent loan for the project. Shelter Resources Inc., a Bellevue-based affordable housing developer, is the borrower. Additionally, Opportunity Council (OC) will service as the nonprofit general partner for the project, providing supportive services and case management to tenants on site. Camas Flats will consist of 10 garden-style, walk-up apartment buildings offering a mix of one-, two- and three-bedroom units, as well as one manager’s unit. Community amenities will include a playground, park and community building. The community will provide 81 affordable housing units for residents earning between 30 percent and 80 percent of area median income. Camas Flats will also include eight units that are specifically Permanent Supportive Housing (PSH) for those experiencing homelessness and two units for veterans. For the PSH units, OC will offer full-time case management services that are focused on wellness, medical health and behavioral health …