Development

Fulton-Coastcon Breaks Ground on 94,573 SF Elementary School in Portland, Texas

by Taylor Williams February 13, 2025

PORTLAND, TEXAS — General contractor Fulton-Coastcon has broken ground on TM Clark Elementary School in Portland, located just outside of Corpus Christi. Designed by Pfluger Architects, which also recently opened a new office in downtown Corpus Christi, the school will span 94,573 square feet and will feature a media center, courtyard and collaboration areas, in addition to classrooms and administrative spaces. The school will be able to support about 650 students and is expected to be complete by fall 2026.

February 13, 2025

CalPoly-FullStack-Apts-San-Luis-Obispo-CA

California Development Multifamily Student Housing Western

California Polytechnic State University to Begin 4,200-Bed Residence Hall Project

by Amy Works February 13, 2025

SAN LUIS OBISPO, CALIF. — California Polytechnic State University (Cal Poly) is set to begin construction on a 4,200-bed residence hall project on the university’s campus in San Luis Obispo. The development will include nine buildings offering suite-style units for second-year students. The project is being developed by FullStack Modular utilizing modular construction methods off-site. The development will be the first large-scale use of modular construction within the California State University system, according to FullStack. Manufacturing on the project is set to begin early this year with the first phase of buildings expected for completion in fall 2026. “Affordable housing is such a big problem — especially on the West Coast — and we need to think differently about how we approach housing and continue to improve the process,” says Mike McCormick, vice president of facilities management and development at Cal Poly. “We’ve assembled a team of professionals committed to rethinking how we deliver housing and FullStack Modular’s innovative approach is a huge part of that.”

February 13, 2025

Acquisitions California Development Industrial Lee & Associates Western

Silagi Development Buys 3-Acre Industrial Development Site in Riverside, California

by Amy Works February 13, 2025

RIVERSIDE, CALIF. — Silgai Development & Management has acquired a 3-acre development parcel located at the southwest corner of Meridian Parkway and Authority Road in Riverside for an undisclosed price. Mario Calvillo of Lee & Associates Riverside represented the buyer, while Finn Comer of Lee & Associates represented the undisclosed seller in the deal. At the time of sale, the site was entitled with construction drawings for two industrial buildings totaling 45,751 square feet. The buyer plans to develop the 21,139-square-foot and the 24,612-square-foot facilities. Groundbreaking is slated to begin in the second quarter of 2025. The buildings will be available for sale or lease.

February 13, 2025

J-Veridian-at-Upper-Dublin-Fort-Washington

Development Multifamily Northeast Pennsylvania

Jefferson Apartment Group, CP Capital Deliver 310-Unit Project in Metro Philadelphia

by Taylor Williams February 13, 2025

FORT WASHINGTON, PA. — A partnership between Jefferson Apartment Group, a developer based in Northern Virginia, and New York City-based CP Capital has delivered the first building of a 310-unit multifamily project in the northern Philadelphia suburb of Fort Washington. The 14-acre site at 1125 Virginia Drive, which was formerly home to an office building occupied by ADP, now houses five mid-rise buildings that comprise a community known as J Veridian at Upper Dublin. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, outdoor grilling and dining stations, dog park, clubroom with a bar, game room, fitness center, coworking lounge and a movie theater. The property also features multiple acres of open green space. Rents start at $1,800 per month for a one-bedroom apartment. Full completion is scheduled for the coming months.

February 13, 2025

Development Industrial New Jersey Northeast

Seagis Nears Completion of 166,725 SF Warehouse in Teterboro, New Jersey

by Taylor Williams February 13, 2025

TETERBORO, N.J. — Seagis Property Group is nearing completion of a 166,725-square-foot warehouse in the Northern New Jersey community of Teterboro. Known as Teterboro Distribution Center, the building offers proximity to Port Newark-Elizabeth and Liberty International Airport. Building features include a clear height of 40 feet, 5,000 square feet of office space, 40 loading docks, 185-foot truck court depths and parking for 46 trailers and 114 cars. CBRE is marketing the property, which is slated for a summer delivery, for lease.

February 13, 2025

Affordable Housing Development Florida Multifamily Southeast Top Stories

Housing Trust Group Breaks Ground on $185M Affordable Housing Development in Miami

by Katie Sloan February 13, 2025

MIAMI — Housing Trust Group has broken ground on Rainbow Village, a $185 million affordable housing development located at 2000 N.W. Third Ave. in Miami. Spanning 698,000 square feet, the community will feature 310 units alongside 12,000 square feet of retail space, 50,000 square feet of amenities and 442 parking spaces. Units will be offered in studio, one-, two-, three- and four-bedroom configurations for income-qualifying residents who earn at or below 30 percent to 80 percent of the area median income (AMI). Monthly rents for one-, two- and three-bedroom apartments will range from $793 to $2,634, according to Housing Trust Group. “As Miami continues to face a growing demand for affordable housing, Rainbow Village will offer much-needed relief to working families throughout the community,” says Matthew Rieger, president and CEO of Housing Trust Group. Shared amenities at the property will include a resort-style swimming pool, business center, lounge area, daycare, playground, covered and open courtyards, a theater room, community center, juice bar, bike storage room, fitness center, study and play areas and a fire pit. Housing Trust Group expects to complete construction in first-quarter 2027, with leasing to begin in late 2026. Funding for Rainbow Village includes $70 million in …

February 13, 2025

Development Features Seniors Housing

Engaged by Design: Outdoor, Community Amenities Help Seniors Housing Residents Thrive

by Hayden Spiess February 13, 2025

By Shawn Reed of FK Architecture A focus on wellness and lifestyle is among the top 10 senior housing trends for 2025, according to the Seniors Blue Book. With an increased focus on wellness spaces, community gardens and outdoor areas that can be utilized for different activities, seniors now have more opportunities to live healthier, more satisfying lives. Landscape architects are uniquely suited to provide ways for seniors to experience the outdoors in a safe, accessible way. Ideally, this involves targeted, evidence-based design that emphasizes connection to nature while meeting seniors’ preferences for where they prefer to be and interact with others. Focusing on the important aspects of amenity design can improve health, foster a broader sense of community and increase positive interactions among seniors of all ages. Strategic Amenity Location The “attention restoration theory” research conducted by Stephen and Rachel Kaplan shows the benefits humans get from being more in touch with nature. In seniors, increased time outdoors can result in health benefits such as better sleep, decreased incontinence, pain reduction and longevity. Granting residents proper amenity access to the outdoors also promotes mental acuity and psychological wellbeing. Landscape architects have the opportunity to create amenities such as onsite …

February 13, 2025

Acquisitions Development Retail Washington Western

SimonCRE Acquires 89,002 SF Retail Center in Washington, Plans Redevelopment

by Amy Works February 12, 2025

SPANAWAY, WASH. — SimonCRE has acquired an 89,002-square-foot retail center located in Spanaway, with plans to redevelop the property. Plans for the center include the addition of a grocery anchor, as well as other new tenants. According to SimonCRE, redevelopment efforts at the property will be focused on updating existing structures.

February 12, 2025

Development Industrial Texas

Lincoln Property Co. Completes 435,680 SF Industrial Project in North Houston

by Taylor Williams February 12, 2025

HOUSTON — Dallas-based Lincoln Property Co. has completed Maverick Distribution Center, a 435,680-square-foot industrial project in North Houston. Designed by Powers Brown Architecture and built by general contractor E.E. Reed, the facility sits on a 26-acre site that is adjacent to George Bush Intercontinental Airport. Building features include 40-foot clear heights, 70-foot speed bays, abundant car and trailer parking and suitability for either a single or multiple users. Lincoln’s internal team of Kevin Wyatt, Robert Willard and SuAnna Sanchez is marketing Maverick Distribution Center for lease.

February 12, 2025

Acquisitions Development Restaurant Retail South Carolina Southeast

NAI Columbia Brokers $5.3M Sale of Vacant Restaurant Property in North Myrtle Beach, South Carolina

by John Nelson February 12, 2025

NORTH MYRLE BEACH, S.C. — NAI Columbia has brokered the $5.3 million sale of a vacant restaurant located at 4530 Highway 17 S in North Myrtle Beach. Preston’s Seafood & Country Buffet previously occupied the property for 35 years. The undisclosed buyer plans to redevelop the restaurant. Jack Springs of NAI Columbia brokered the deal. The seller and plans for the redevelopment were not disclosed.

February 12, 2025

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