Tuesday, March 31, 2026
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DevelopmentMidwestMissouriMultifamily

Local Developers Complete $90M Avenir Luxury Apartment Complex in Suburban St. Louis

by Kristin Harlow

UNIVERSITY CITY, MO. — Developers Charles Deutsch and Zack Deutsch have completed Avenir, a $90 million luxury apartment complex in the St. Louis suburb of University City. Occupancy at the 262-unit project has surpassed 50 percent. Floor plans come in one-, two- and three-bedroom configurations ranging from 640 to 1,620 square feet. Monthly rents start at $1,700. Amenities include pickleball courts, bocce ball, a resort-style swimming pool, outdoor grilling stations, fire pits, a dog park, fitness center, business center, indoor game room and coffee bar. Covered parking and a bike storage area are also available. Avenir represents the Deutsch’s first luxury apartment community that isn’t geared toward the seniors housing market. Charles Deutsch is one of the original co-founders and owners of The Gatesworth Communities, a collection of luxury seniors housing developments in University City and Creve Coeur. His son, Zack, has been a member of The Gatesworth Communities team for more than a decade. Holland Construction Services was the general contractor for Avenir. Construction began in October 2022. Additional project team members included Gray Design Group as architect and First Bank, which provided the financing.

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DevelopmentMixed-UseNorth CarolinaRetailSoutheast

AdVenture Development Breaks Ground on 100,000 SF BJ’s Wholesale Club in Selma, North Carolina

by John Nelson

SELMA, N.C. — AdVenture Development LLC has broken ground on a BJ’s Wholesale Club located within the 400-acre master-planned community of Eastfield Crossing in Selma, about 30 miles southwest of Raleigh. The new store, which will feature an onsite BJ’s gas station, will total 100,000 square feet. Additional tenants at the 3 million-square-foot mixed-use development include Academy Sports + Outdoors, Hobby Lobby, Old Navy, Ulta Beauty, Marshalls, Ross Dress for Less, Burlington, Five Below and Chase Bank. Target is also under construction at Eastfield Crossing and anticipates opening in spring 2026. Eastfield Crossing includes a business park, retail and entertainment space, medical and office space, a hospitality component, senior living and multifamily units and single-family residences. Locally based AdVenture Development is the owner and master developer of Eastfield Crossing.

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313-College-Ave.-College-Station
DevelopmentMultifamilyStudent HousingTexas

LV Collective, Culpepper Unveil Plans for 952-Bed Student Housing Project in College Station

by Taylor Williams

COLLEGE STATION, TEXAS — A partnership between LV Collective and Culpepper Realty has unveiled plans for a 952-bed student housing project that will serve students at Texas A&M University in College Station. The site at 313 College Ave. is located directly across from campus within the Legacy Point master-planned development. The community will feature 316 units in studio, one-, two-, three-, four-, five- and six-bedroom configurations, as well as 6,335 square feet of retail space. Amenities will include a pool, coffee bar, private and communal study rooms, fitness center, rooftop lounge and a courtyard. Project partners include Andres Construction, Oz Architecture, Variant Collaborative (interior design), Ironwood Design Group (landscape architecture), Kimley-Horn and VSM2 Structural Engineers. Completion is slated for fall 2027.

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Build-to-RentDevelopmentSingle-Family RentalTexas

Wan Bridge, Centurion to Develop 201-Unit Build-to-Rent Project in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — A partnership between Wan Bridge, a Texas-based developer of build-to-rent residential communities, and Centurion American Development Group will build Frontera Shores Townhomes, a 201-unit project that will be located in the northern Dallas suburb of Lewisville. The site spans 35.8 acres, and the community will offer two-, three- and four-bedroom townhomes. Amenities will include a pool, walking trails and a dog park. Vertical construction will begin over the summer, with the first homes expected to be available for occupancy before the end of the year. Full completion is slated for next December.

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The-Hopewell-Chapter
DevelopmentMultifamilyNew JerseyNortheast

KRE Group Begins Leasing 270-Unit Multifamily Project in Hopewell, New Jersey

by Taylor Williams

HOPEWELL, N.J. — Locally based developer KRE Group has begun leasing The Hopewell Chapter, a 270-unit multifamily project in Central New Jersey. The property consists of six four-story buildings that house one- and two-bedroom units, 54 of which are reserved as affordable housing. Specific income restrictions were not disclosed. Amenities include a 6,500-square-foot clubhouse, resort-style pool, outdoor dining areas, a playground, dog park and walking trails. Monthly rents start in the mid-$2000s for a one-bedroom apartment.

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DevelopmentIndustrialNew JerseyNortheast

STRO Cos., KRE Group Near Completion of 136,714 SF Industrial Redevelopment in Florham Park, New Jersey

by Taylor Williams

FLORHAM PARK, N.J. — A partnership between two New Jersey-based firms, The STRO Cos. and KRE Group, is nearing completion of an industrial redevelopment project in the Northern New Jersey community of Florham Park. The project converted a former office building that sits on a 14.4-acre site at 19 Vreeland Road into a 136,714-square-foot warehouse with a clear height of 36 feet, 26 loading docks, one drive-in door and parking for 108 cars and 36 trailers. Construction began in June 2024. Cushman & Wakefield has preleased the entirety of the building to Johnstone Supply (42,000 square feet) and PIMS Inc. (94,714 square feet).

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DevelopmentFloridaLoansSeniors HousingSoutheast

JLL, HJ Sims Secure $134.3M Bond Financing for Seniors Housing Development in Orlando

by John Nelson

ORLANDO, FLA. — JLL and HJ Sims have arranged $134.3 million in tax-exempt bond financing for a seniors housing development currently underway in Orlando. Dubbed Millenia Moments Orlando, the community will feature 151 independent living, 78 assisted living and 32 memory care units. Trinity Community Development Foundation, a nonprofit formed by Trinity Broadcasting Network (TBN), is the developer and borrower. Completion of the facility, which will total 316,900 square feet, is scheduled for 2027. The community will feature floorplans in one- and two-bedroom layouts. Memory care residences will include 26 private and six companion units. Amenities at the community will include a fitness center, theater, library, business center, art studio, dog park, game rooms, a beauty salon and an outdoor pool area. Vitality Senior Living will operate the community. JLL Securities and HJ Sims, in collaboration with JLL Capital Markets’ seniors housing team, acted as co-underwriters and arranged the fixed-rate financing, which comprises tax-exempt senior series 2025A bonds with a final maturity of 40 years.

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DevelopmentGeorgiaIndustrialSoutheast

Dermody Breaks Ground on 93,960 SF Industrial Facility in Johns Creek, Georgia

by John Nelson

JOHNS CREEK, GA. — Dermody has broken ground on LogistiCenter at South Forsyth, a 93,960-square-foot industrial facility located at 7515 New Boyd Road in Johns Creek, a northern suburb of Atlanta. Located in the South Forsyth/North Fulton market, the Class A facility is situated on a 10-acre site within Johns Creek Technology Park. Reed Davis, Bob Currie, Brad Pope and Hannah Dillard of JLL are handling leasing for LogistiCenter at South Forsyth, which is available for preleasing and slated for occupancy in the fourth quarter. The facility will feature 2,500 square feet of speculative offices, 32-foot clear heights, 54- by 60-foot column spacing, 22 dock-high doors, two drive-in doors, 99 parking stalls, ESFR fire protection and LED lighting.

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DevelopmentHealthcareMidwestMissouri

McCarthy Breaks Ground on 400,000 SF Mercy Hospital in Metro St. Louis

by Kristin Harlow

WENTZVILLE, MO. — McCarthy Building Cos. has broken ground on Mercy Hospital Wentzville, a 400,000-square-foot hospital in Wentzville, a far west suburb of St. Louis. The project marks Missouri’s first new acute care hospital campus in nearly a decade, according to McCarthy. The development will include 75 inpatient acute care beds and a 26-bed emergency department with two trauma areas and four behavioral health rooms. The advanced medical campus will offer a broad range of inpatient and outpatient care, including surgical and specialty options such as cardiovascular, cancer and orthopedics as well as outpatient imaging, diagnostic and treatment services. Crews began preparing the site in late March and will begin work on the central utility plant this summer, with the hospital tower work beginning in early 2026. Construction of the hospital is expected to be completed in four years. The project team includes CannonDesign for architecture and design and IMEG as engineer. Mercy is one of the 15 largest U.S. health systems.

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DevelopmentIllinoisMidwestOffice

Aspire Properties Spearheads $13M Renovation of Historic Chicago Office Tower

by Kristin Harlow

CHICAGO — Aspire Properties is underway on a $13 million renovation of 25 E. Washington, a 20-story office tower in Chicago’s Loop. Aspire has handled management and leasing of the property since 1996. The owners are Amsterdam-based Kroonenberg Groep and Aventura, Fla.-based Trump Group. Designed by geniant + Eastlake Studio, the renovation is slated for completion in September. A 15,000-square-foot, seventh-floor amenity center will feature a 3,000-square-foot open-air courtyard, lounge, game room, conference center and fitness facility. With over 45,000 square feet of new and renewed leases in the first quarter of 2025, the Daniel Burnham-designed building now boasts an 85 percent occupancy rate. Recent leasing highlights include: Siteline, which renewed its 13,000-square-foot space; ATS Institute, which expanded by 10,000 square feet; National Community Investment Fund, which relocated from LaSalle Street into more than 4,600 square feet; Millennium Counseling Center, which signed a new 3,500-square-foot lease; and Gertie Enterprises, which leased 3,000 square feet of new space.

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