PALM COAST, FLA. — Andover Properties has opened a new self-storage facility at 5622 State Highway 100 E in Palm Coast, a city on Florida’s Atlantic Coast midway between St. Augustine and Daytona Beach. Operating under the company’s Storage King USA brand, the 105,330-square-foot property totals 656 units, 564 of which are climate-controlled. The facility also features a 5,400-square-foot covered drive-thru canopy and 38 outdoor parking spaces.
DENTON, TEXAS — Texas Woman’s University (TWU) has topped out the $107 million health sciences center at its campus in the North Texas city of Denton. The 136,000-square-foot facility will serve students in the allied healthcare fields such as nursing, physical therapy and occupational therapy. The new health sciences center is being constructed on seven acres adjacent to Parliament Village, a TWU residential complex. Plans for the facility include laboratory space, classrooms, collaborative workspaces, outdoor clinic sites and a teaching kitchen, as well as community healthcare clinics and training areas for students. Construction began last fall, and the facility is expected to be complete in advance of the fall 2025 semester.
LAREDO, TEXAS — A joint venture between Maryland-based investment firm Realterm and Texas-based Alliance Industrial will develop a 236,693-square-foot transload facility in the Rio Grande Valley city of Laredo. The facility, which will be situated on a 19.7-acre site, will support various cross-border industrial operations and will be able to accommodate a single or multiple users. Building features will include 32-foot clear heights, 50 dock-high loading positions and 190 trailer parking spaces. Construction is set to begin before the end of the month and to be complete in summer 2025.
HOUSTON — A partnership between the Harris County Housing Authority, OCI Development, Harris County Housing & Community Development and Atlantic Pacific Cos. has broken ground on a 192-unit affordable housing project in Houston. The Residences at Arbor Oaks is located on the city’s northwest side and consists of 84 two-bedroom and 108 three-bedroom units that are reserved for households earning between 30 and 60 percent of the area median income. Amenities include a pool, fitness center, business center, outdoor grilling and dining stations and a children’s play area. Residents will also have access to a community center facility. Wells Fargo and Citibank contributed to the financing of the project, which also received a $12 million Community Development Block Grant as part of a program that provides funding for damages caused by Hurricane Harvey in 2017.
SOMERSWORTH, N.H. — A partnership between developers Tidemark and BOD Holdings has broken ground on a 135-unit multifamily project in Somersworth, located on the Maine-New Hampshire border. Designed by New Hampshire-based PROCON, the complex will be located in the downtown area and will offer studio, one-, two- and three-bedroom units and amenities such as a fitness center, package room, leasing office and onsite parking. Completion is slated for spring 2026.
AITKIN, MINN. — The Bemidji office of Kraus-Anderson has completed a $70 million surgical addition and expansion at Riverwood Healthcare Center in central Minnesota’s Aitkin. Designed by DSGW Architects, the project features a 72,000-square-foot surgery addition. The hospital’s new surgery space consists of approximately 60,500 square feet of new surgical departments, including six operating rooms, two large procedure rooms, three endoscopy rooms, 25 prep and recovery rooms, a post-anesthesia care unit, sterile processing and staff support. Additionally, there is about 12,000 square feet of clinical space for general surgery, neck, back and spine, urology and ENT, as well as a front entrance and lobby to support the new surgical program. Construction began in August 2022.
ATHENS, GA. — LV Collective has completed Rambler Athens, a 600,000-square-foot student housing development located at 558 W. Broad St. in Athens near the University of Georgia campus. The community offers 750 beds across 342 units, with configurations ranging from studio to five-bedroom layouts. Amenities at the property include a second-floor study mezzanine with private study spaces and conference rooms; a resort-style swimming pool and hot tub surrounded by fire pits, a grilling area and jumbotron; an onsite dog spa; and a fitness center with cardio machines, weightlifting equipment, a yoga studio, artificial turf area and two saunas. The community also features a coffee shop dubbed Daydreamer Café, as well as 22,692 square feet of retail space. The development team for the project included Niles Bolton Associates, Krywicki Interior Design and Rabren General Contractors.
LUBBOCK, TEXAS — Austin-based owner-operator Parallel will develop a 671-bed student housing community in Lubbock. The site at 2413 S. 14th St. is situated adjacent to the Texas Tech University campus. The development will offer a mix of studio through five-bedroom units. Shared amenities will include a full-service smart market, influencer room, fitness space, study areas, conference rooms and a sky lounge overlooking campus. The development team for the project includes BOKA Powell Architects, A Royal Interiors, Parkhill, RLG Consulting Engineers and Teinert Construction. Construction is expected to be complete in time for the fall 2027 semester.
BAY HARBOR ISLANDS, FLA. — Walker & Dunlop has arranged a $53.6 million loan for the construction of Clara Bay Harbor 100th, a multifamily development located at 1145-1163 100th St. in Bay Harbor Islands, roughly 15 miles outside Miami. Upon completion, the property — which is the second phase of a three-phase rental development by Clara Homes — will comprise 45 units. The developer will also use the proceeds to begin pre-development on the third and final phase of the project, which will feature an additional 77 units. Construction is currently underway on the first, 28-unit phase, with completion scheduled for the end of this year. Adam Schwartz, Aaron Appel, Jonathan Schwartz, Keith Kurland, Michael Ianno, Christopher de Raet and Marlon Robins of Walker & Dunlop secured the financing on behalf of the borrower.
WALLKILL, N.Y. — JLL has negotiated the sale of a 92-acre industrial development site in Wallkill, about 75 miles north of New York City. The site at 350 Silverlake-Scotchtown Road is known locally as Golden Triangle and is fully approved for the development of roughly 835,000 square feet of product. Crow Holdings Development acquired the site with a two-phase plan to construct a facility that will be known as Golden Triangle Logistics Center. Phase I will total 535,603 square feet and feature a clear height of 36 feet, 88 dock doors and parking for 83 trailers and 422 trailers. Phase II will comprise 299,200 square feet and could include 38 dock doors and parking for 199 cars and 34 trailers. Rob Kossar and James Panczykowski of JLL represented the seller, New Jersey-based Vision Real Estate Partners, in the land deal. JLL has also been retained to lease the project, construction of which is slated to begin in the third quarter.
