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Swire Coca-Cola to Build 570,000 SF Bottling Plant Near Denver International Airport Campus

by John Nelson

DENVER — Swire Coca-Cola USA, a prominent Coca-Cola bottler in the Western United States, has confirmed plans for a new bottling plant near Denver International Airport. According to the project’s website, Swire Coca-Cola plans to invest between $350 million and $500 million to construct the facility, which will be located at the airport’s Second Creek Campus. According to Denver Business Journal, the new facility will span 570,000 square feet. The project website estimates that Swire Coca-Cola will break ground in third-quarter 2025 and hold a grand opening in first-quarter 2027. Additionally, equipment is scheduled to be installed and commissioned in third-quarter 2026. Swire Coca-Cola plans to use the property to replace both an existing production center at 3825 York St. and a sales center at 2145 E. 40th Ave., which are located within a half-mile of each other and about 17 miles southwest of the airport. The new Swire Coca-Cola plant, which will be used for the bottling of both Coca-Cola plastic bottles and aluminum cans, will sit on 97 acres at the northeast corner of Tower Road and Pena Boulevard. The company plans to employ approximately 200 people at the new facility. Denver Business Journal reports that Denver City Council …

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DevelopmentFloridaMultifamilySoutheast

Presidium Completes 334-Unit Luxury Multifamily Community in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Presidium has completed Presidium Regal, a 334-unit luxury apartment community located at 14501 Beach Blvd. in Jacksonville. The property represents the fourth community in the city for the Texas-based multifamily developer and operator. Designed by Atlanta-based Dwell Design Studio, Presidium Regal’s one-, two- and three-bedroom apartments range in size from 550 to 1,600 square feet. Monthly rental rates range from $1,470 to $2,945, according to Apartments.com. The property’s 11,000-square-foot leasing office and clubhouse features a club room, game lounge, golf simulator, theater room, showroom kitchen, coworking lounge with micro-offices, podcast rooms, a rooftop lounging deck and a 2,000-square-foot fitness center. Other amenities include a zero-edge swimming pool with grilling stations, poolside cabanas, indoor and outdoor fireplaces with lounging areas, an onsite car wash, juice and java bar, dog park and dog spa and EV charging stations.

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Palladium-East-Foster-Crossing-Anna-Texas
DevelopmentMultifamilyTexas

Palladium USA Completes $64M Multifamily Project in Anna, Texas

by Taylor Williams

ANNA, TEXAS — Locally based developer Palladium USA has completed a $64 million multifamily project in the northern Dallas suburb of Anna. Palladium East Foster Crossing comprises 239 apartments on an eight-acre site. The four-story building houses one-, two- and three-bedroom units. Amenities include a pool, fitness center, conference center, dog park, computer lounge, children’s playroom and clubroom with a mini kitchen. HEDK Architects designed the community, and BBL Construction served as the general contractor. To finance the project, the Anna Public Facilities Corp. issued $33 million in tax-exempt bonds that were purchased by Cedar Rapids Bank and Trust. PNC Bank also provided $27 million in equity for the project.

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DevelopmentIllinoisLoansMidwestMultifamily

JLL Arranges $31M Construction Loan for Apartment Building in Chicago’s Lincoln Park

by Kristin Harlow

CHICAGO — JLL Capital Markets has arranged a $31 million loan in the form of a participating mortgage for the construction of 1529 N Fremont, a 132-unit apartment building in Chicago’s Lincoln Park neighborhood. Construction is expected to begin this quarter on the five-story project, which will feature four stories of rental units above 9,500 square feet of retail space and 29 parking spaces. Units will average 500 square feet each. Amenities will include a fitness studio, coworking lounge and activated outdoor space. Lucas Borges and Ryan Sullivan of JLL arranged the loan on behalf of the borrowers, CityPads and Wayland Real Estate Capital. A life insurance company provided the four-year loan.

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DevelopmentMidwestNebraskaRetail

Darland to Build 6,114 SF Branch in South Omaha for CharterWest Bank

by Kristin Harlow

OMAHA, NEB. — Darland Construction Co. is building a new 6,114-square-foot branch for CharterWest Bank & Mortgage Center on South 24th Street in South Omaha. The facility will offer a full suite of financial services, including consumer and commercial banking as well as mortgage lending. The building’s exterior will feature a distinctive Spanish style with a natural stone finish and a barrel tile roof. Completion is slated for early 2025. EK Schulz is the project architect.

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133-E.-55th-St.-Manhattan
DevelopmentLoansMultifamilyNew YorkNortheast

JLL Arranges $52M Construction Loan for Manhattan Multifamily Project

by Taylor Williams

NEW YORK CITY — JLL has arranged a $52 million construction loan for a multifamily project located at 133 E. 55th St. in Manhattan’s Midtown East neighborhood. The project currently rises 12 stories and will reach 21 stories upon completion, which is scheduled for winter 2025. Designed by Zproekt Architecture, the building will house one-, two- and three-bedroom units as well as one three-bedroom duplex penthouse. Amenities will include a spa complex with a sauna, steam room and plunge pool, as well as a fitness center, package room and an outdoor recreation area. Locally based bridge lender Emerald Creek Capital provided the loan to the developer, a joint venture between Rybak Development and BK Developers. Robert Tonnessen and Aaron Neidermayer led the tranasaction for JLL.

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DevelopmentMassachusettsNortheastOffice

Vantage Builders Completes 10,000 SF Headquarters Expansion Project for NEOLab in Andover, Massachusetts

by Taylor Williams

ANDOVER, MASS. — Locally based general contractor and construction management firm Vantage Builders has completed a 10,000-square-foot headquarters expansion project for NEOLab in Andover, a northern suburb of Boston. The orthodontic laboratory operator essentially doubled its footprint across the first and second floors of the building at 3 Riverside Drive. Maugel DeStefano Architects designed the project, which delivered two 3D metal printing laboratories, an open office layout, new education space, lunchroom and a renovated warehouse and storage area.

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80-Clarkson-NYC
DevelopmentLoansMultifamilyNew YorkTop Stories

Joint Venture Receives $985M Financing for 100-Unit Luxury Condo Towers in New York City 

by Hayden Spiess

NEW YORK CITY — A joint venture between Zeckendorf Development, Atlas Capital Group and The Baupost Group LLC has received $985 million in financing for the development of 80 Clarkson, a full-block condominium project along the Hudson River in Manhattan’s West Village neighborhood. The two towers of the development will rise 450 feet and total 100 ultra-luxury units. The first tower is scheduled for completion in 2026, with the second following in 2027. Newmark arranged the loan for the project on behalf of the developers. Jordan Roeschlaub, Chris Kramer and Jonathan Firestone of Newmark secured the financing from Cale Street Partners and Farallon Capital Management. The community will feature outdoor space, luxury finishes, an amenity package and ground-floor retail space. 80 Clarkson is located on the northernmost portion of the former St. John’s Terminal Building, which was originally built in 1934 as the terminus to the High Line Rail Road. The building spanned almost four city blocks, nearly 850 feet along the Hudson River.  In 2016, Atlas led a prior venture in a complex rezoning which allowed for significantly increased density on the site. After negotiating early terminations with the building’s office tenants, the venture sold the portion of the …

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CivicDevelopmentTexas

Leyendecker Begins Renovation, Expansion of Cotulla High School Campus

by Taylor Williams

COTULLA, TEXAS — General contractor Leyendecker Construction has begun the renovation and expansion of the high school campus of the Independent School District (ISD) of Cotulla, which is located about 90 miles southwest of San Antonio. Designed by Pfluger Architects, the project will be executed in two phases and will bring the total square footage of the campus, which was originally built in 1957, to 137,000 square feet. Completion is slated for late 2026. The project is being financed by a $65 million bond that was approved in May 2022. The Cotulla ISD serves about 1,200 students, and roughly 400 pupils attend the high school.

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DevelopmentGeorgiaRestaurantRetailSoutheast

Chick-fil-A Opens First Elevated, Drive-Thru Only Restaurant in McDonough, Georgia

by John Nelson

MCDONOUGH, GA. — Chick-fil-A is opening its first elevated, drive-thru only restaurant in the south Atlanta suburb of McDonough today. Located at 2155 Jodeco Road, the restaurant features four drive-thru lanes that run below an elevated kitchen that is twice the size of a typical Chick-fil-A kitchen. Food reaches the delivery team members via a custom meal transport system that uses conveyer belt technology. Patrons can either order onsite with a Chick-fil-A team member or order ahead on the Chick-fil-A app. The restaurant features dedicated lanes for both ordering methods, as well as “pull-aside lanes” for guests whose orders are taking longer to fulfill.  The Atlanta-based fast-casual restaurant chain says that the Jodeco Road restaurant has the capacity to support two to three times more vehicles than a standard Chick-fil-A restaurant drive-thru. Chick-fil-A, which opened its first restaurant with a drive-thru in 1993, expects to employ 150 team members at the new McDonough restaurant, which serves both the McDonough and Stockbridge markets. The company announced the new restaurant concept in summer 2023, along with a digital-only pick-up restaurant in New York City that opened in March.

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