Development

Wood Partners Opens Alta 87 Apartment Complex in Metro Phoenix

by Amy Works September 18, 2025

GILBERT, ARIZ. — Wood Partners has opened Alta 87 in Gilbert, a southeastern suburb of Phoenix located about 23 miles from downtown. Alta 87 is a 257-unit development comprised of one-, two- and three-bedroom units. Amenities include two pickleball courts, electric vehicle charging stations, a pool and hot tub and a two-story clubhouse with a fitness center, coworking spaces, a speakeasy and bike storage. The developer broke ground in March 2024. Atlanta-based Wood Partners completed three other Alta-branded communities in Phoenix in 2024: Alta Avondale, Alta Rise and Alta Uptown.

September 18, 2025

Development Michigan Midwest Multifamily Student Housing

Subtext Opens 741-Bed VERVE Ann Arbor Student Housing Community at University of Michigan

by Kristin Harlow September 18, 2025

ANN ARBOR, MICH. — Subtext has opened VERVE Ann Arbor, a 12-story, 741-bed student housing development near the University of Michigan. Located at 721 S. Forest St., the 328,264-square-foot project includes 217 units ranging from studios to six-bedroom layouts. The property also features a ground-level, full-service lobby coffee shop operated by local favorite, Misfit Society Coffee Club. Additional amenities include a rooftop with a pool deck, hot tub, outdoor kitchen, grilling stations, jumbotron and yard games. Residents have access to a penthouse clubroom, two-story fitness center, yoga studio, private conference rooms, a dog park, electric package locker, bike storage and electric vehicle charging stations. Subtext developed the property in partnership with FrontRange Capital and Kayne Anderson Real Estate. A syndicate of lenders led by Webster Bank structured the financing. WDG Architecture led the design, and ESG Architecture & Design handled the interiors. Brinkmann Constructors was the general contractor.

September 18, 2025

Development Industrial Midwest Minnesota

Zenith IOS Completes 40,000 SF Cold Storage Build-to-Suit for Kemps in Minneapolis

by Kristin Harlow September 18, 2025

MINNEAPOLIS — Zenith Industrial Outdoor Storage (IOS) has completed a cold storage build-to-suit for Kemps, a farmer-owned brand of Dairy Farmers of America. Kemps signed a 15-year lease for the property in Minneapolis. Zenith acquired the 11-acre site, formerly home to a heavy industrial metal recycling business, in June 2022. In conjunction with Bainey & Co. as general contractor, Zenith converted the property into a 40,000-square-foot cold storage and dairy distribution hub. Kemps traces its Minneapolis roots back to 1914, when William Kemps and Walter Lathrop founded the Lathrop-Kemps Ice Cream Co. at 222 Fifth St. Now based in St. Paul, Kemps maintains approximately 1,000 employees and is a producer of milk and other dairy products. The company currently operates seven manufacturing facilities in Minnesota, Wisconsin, Iowa, Illinois and Indiana. The new cold storage distribution site will also support the company’s bottling facility, located roughly one mile away. CBRE is currently marketing the southern parcel of the site for sale. It includes a 22,000-square-foot warehouse on the remaining 3 acres of land.

September 18, 2025

Development Life Sciences Top Stories Virginia

Eli Lilly Announces Plans for $5B Pharmaceutical Manufacturing Facility Near Richmond, Virginia

by Hayden Spiess September 18, 2025

GOOCHLAND COUNTY, VA. — Pharmaceutical giant Eli Lilly and Co. (NYSE: LLY) has announced plans for a $5 billion manufacturing facility located in Goochland County, which is situated west of Richmond. Earlier this year, Indianapolis-based Eli Lilly shared plans to build four new pharmaceutical manufacturing plants. The Virginia facility is the first of the four to be formally announced. Since 2020, the company has invested $50 billion in capital expansion commitments. When finished, the development will mark the company’s first dedicated, fully integrated active pharmaceutical ingredient (API) and drug product facility for its bioconjugate platform and monoclonal antibody portfolio, which create ingredients for the treatment of cancer and autoimmune diseases. Completion of the facility is scheduled within the next five years. According to Eli Lilly, the project will create more than 650 permanent jobs in the area, in addition to 1,800 construction jobs. The company projects that for each dollar invested in the development, up to $4 of local economic activity will be generated. Goochland County was selected as the site for the new facility out of hundreds of applications. Plans for the facility include the use of technologies including machine learning, AI and automated systems. To implement these technologies, …

September 18, 2025

Development Multifamily Texas

StreetLights Residential Begins Construction on 635-Unit Multifamily Project at The Mix in Frisco

by Taylor Williams September 17, 2025

FRISCO, TEXAS — Locally based developer StreetLights Residential has begun construction on a 635-unit multifamily project within The Mix, a 112-acre mixed-use development located north of Dallas in Frisco. Designed by Torti Gallas + Partners, the property will offer one-, two- and three-bedroom units that will be furnished with screened balconies, smart locks, thermostats and dimmable lights and wine refrigerators. Amenities will include coworking lounges, pet wash stations, game rooms, gathering spaces, rooftop terraces and resort-style pools. Completion is slated for fall 2027.

September 17, 2025

Development Office Texas

Benchmark Houston Builders Breaks Ground on 30,000 SF Office Headquarters Project

by Taylor Williams September 17, 2025

HOUSTON — General contractor Benchmark Houston Builders has broken ground on a 30,000-square-foot office headquarters project within East River, Midway’s 150-acre mixed-use development. The project is a build-to-suit for the U.S. subsidiary of Australian firm Anton Paar USA, which provides laboratory instruments and measuring systems. Powers Brown Architecture is designing the space. Completion is slated for next summer.

September 17, 2025

Development Georgia Industrial Southeast

Rivian Holds Groundbreaking Ceremony for $5B Electric Vehicle Plant Near Social Circle, Georgia

by John Nelson September 17, 2025

SOCIAL CIRCLE, GA. — Electric vehicle manufacturer Rivian held a groundbreaking ceremony for its $5 billion plant near Social Circle, about 44 miles east of Atlanta via I-20. The project will be situated within the 1,600-acre Stanton Springs North master-planned community. Construction is expected to begin in 2026 with customer vehicle production for the midsize, five-seater R2 SUV and R3 crossover anticipated to start in 2028. Rivian plans to develop the plant in two phases, each resulting in 200,000 units of annual capacity. The plant is expected to create 7,500 direct jobs and 8,000 indirect jobs by 2030, as well as 2,000 construction jobs, according to an analysis conducted by IMPLAN. Rivian received financing from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing Loan Program for the manufacturing facility. The groundbreaking ceremony comes on the heels of Rivian announcing its decision to locate its East Coast headquarters at Junction Krog Street in Atlanta’s Inman Park district.

September 17, 2025

Development Georgia Multifamily Southeast

Allen Morris Co. Delivers 22-Story Apartment Tower at Star Metals District in Atlanta

by John Nelson September 17, 2025

ATLANTA — Allen Morris Co. has delivered Stella at Star Metals, a 22-story apartment high-rise within the Star Metals District mixed-use development in Atlanta’s West Midtown neighborhood. Oppenheim Architecture designed the 327-unit community, which features a unit mix ranging from studios to penthouses. Monthly rental rates range from $1,670 to $7,300, according to Apartments.com. Amenities include a 52-foot entry, hotel-style lobby, rooftop pool and lounge, fitness facilities, a screening room and access to restaurants, bars and retail spaces at Star Metals.

September 17, 2025

Affordable Housing Development Multifamily Southeast Tennessee

Clear Blue Opens 238-Unit Affordable Housing Community in East Nashville

by John Nelson September 17, 2025

NASHVILLE, TENN. — The Clear Blue Co. has opened Highland East, a 238-unit affordable housing community located at 301 Ben Allen Road in east Nashville. The seven-building property has direct access with the Metro Greenway and the city’s expanding trail and greenway network thanks to a partnership with Metro Parks. Highland East features a mix of one-, two- and three-bedroom units available to individuals earning up to 60 percent of the area median income (AMI). Ten units will be reserved for those earning up to 30 percent of AMI, and five units will be dedicated as permanent supportive housing to serve individuals who formerly experienced homelessness. Amenities include a clubhouse, business center, playground, indoor fitness center, outdoor fitness circuit, dog park, art installations and decks with fire pits and grilling areas. Clear Blue broke ground on Highland East in June 2023. The development is supported by Amazon, the Tennessee Housing Development Agency through Low-Income Housing Tax Credits (LIHTC) generating $36.7 million in equity and construction and LIHTC equity investment from JP Morgan. Regions Bank provided a $24.8 million construction loan and a $23.6 million equity bridge loan for the project. Walker & Dunlop is also providing permanent financing. The Metropolitan …

September 17, 2025

Development Industrial Northeast Pennsylvania

Phoenix Tube Nears Completion of 75,000 SF Industrial Expansion Project in Bethlehem, Pennsylvania

by Taylor Williams September 17, 2025

BETHLEHEM, PA. — Phoenix Tube Co., a manufacturer of stainless steel products for ornamental and structural applications, is nearing completion of a 75,000-square-foot industrial expansion project in the Lehigh Valley city of Bethlehem. The facility will be situated next to the company’s existing 200,000-square-foot plant and includes dedicated space for production, warehousing and offices. Regional developer J.G. Petrucci Co. is serving as the design-build firm for the project. Construction is expected to be complete in the coming weeks.

September 17, 2025

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