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Development

Brookhollow-West-Houston
DevelopmentIndustrialTexas

Alliance Industrial to Develop 185,428 SF Project in Northwest Houston

by Taylor Williams

HOUSTON — Alliance Industrial Co. will develop a 185,428-square-foot project in northwest Houston. Known as Brookhollow West, the development will consist of two rear-load buildings totaling 134,525 and 50,903 square feet. The buildings will be situated on a 12.7-acre site and will feature 32-foot clear heights and 130-foot truck court depths. Seeberger Architecture is designing Brookhollow West. Other project partners include Langan Engineering and a joint leasing team of Lee & Associates and Boyd Commercial. Delivery is slated for early next year.

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AcquisitionsDevelopmentIndustrialMidwestSelf-StorageWisconsin

Local Developers to Build 63,500 SF Self-Storage Facility in Wauwatosa, Wisconsin

by Kristin Harlow

WAUWATOSA, WIS. — Steve Rolfe of Midland Commercial Development Corp., William Wirth of Luft Consulting Inc. and Jordan Nelson of Nelson Development have purchased a development site at 5151 W. State St. with plans to build Wauwatosa Self Storage. The temperature-controlled self-storage facility will total 63,500 net rentable square feet divided across 444 units in over two dozen configurations. There will be 23 units in the main drive-thru aisle specifically laid out to accommodate automobile storage. The property will be attended by an onsite manager and will incorporate high-resolution cameras throughout. Brett Deter and Scott Revolinski of Founders 3 Real Estate Services represented the buyers. The project is slated for completion late this summer.

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Pratt-Landing-New-Rochelle
DevelopmentMixed-UseNew YorkNortheast

Twining Properties to Undertake 850,000 SF Mixed-Use Redevelopment in New Rochelle, New York

by Taylor Williams

NEW ROCHELLE, N.Y. — Twining Properties will undertake an 850,000-square-foot mixed-use redevelopment project in New Rochelle, a northern suburb of New York City. Known as Pratt Landing, the project will convert a 11.5-acre waterfront industrial site into a destination with 383 apartments, 99 condos, a 150-room hotel, 40,000 square feet of retail and restaurant space and a public park. Robert A.M. Stern Architects is leading the design of Pratt Landing, which will house the aforementioned uses within four buildings and across four city blocks. Twining Properties has received full site plan approval from the City of New Rochelle and will soon commence demolitions of existing structures on the site.

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Los-Arcos-at-Vida-San-Antonio
Affordable HousingDevelopmentMultifamilyTexas

NRP Group Completes $81M Affordable Housing Project in San Antonio

by Taylor Williams

SAN ANTONIO — The NRP Group, a Cleveland-based affordable housing developer, has completed Los Arcos at Vida, an $81 million project in San Antonio. The property is located within the 600-acre Vida master-planned development on the city’s south side and totals 324 units. Residences come in one-, two-, three- and four-bedroom floor plans and are reserved for households earning between 30 and 70 percent of the area median income. Amenities include a pool with a sundeck, barbecue grills and picnic areas, a conference center and cybercafé, activities room, community garden, playground and onsite laundry facilities. The project was financed in large part by $36 million in tax credits issued by the Texas Department of Housing & Community Affairs.

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DevelopmentMultifamilyNorth CarolinaSoutheast

Riverside, Woodfield Top Out 42-Story Apartment Tower in Charlotte

by John Nelson

CHARLOTTE, N.C. — Riverside Investment & Development and Woodfield Development have topped out a 42-story apartment tower in Charlotte. Goettsch Partners served as the architect and Clark Construction Group served as the general contractor for the 409-unit property, which is the multifamily component of the Queensbridge Collective mixed-use development. The development also includes a 35-story office tower, nearly 30,000 square feet of retail space and more than 90,000 square feet of indoor/outdoor amenity space, including more than two acres of indoor and outdoor fitness, recreation and entertainment spaces. Charlotte-based Night Swim Coffee is scheduled to open later this year on the ground floor of the apartment tower, and Denver-based steakhouse Guard and Grace will debut its 10,224-square-foot venue on the 10th floor in mid-2026. Riverside and Woodfield broke ground on Queensbridge Collective in May 2023 and plan to fully deliver the project in 2027.

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DevelopmentGeorgiaMixed-UseMultifamilySoutheast

High Street Residential Breaks Ground on 350-Unit Apartment Community in Brookhaven, Georgia

by John Nelson

BROOKHAVEN, GA. — High Street Residential, a subsidiary of Trammell Crow Co., has broken ground on Residences at Perimeter Summit, a 350-unit apartment community located at 1251 Perimeter Summit Parkway in Brookhaven. Situated approximately nine miles from Midtown Atlanta, the seven-story apartment community will serve as a pillar of Perimeter Summit, a 1.7 million-square-foot mixed-use campus that also includes offices, shops, restaurants, a 182-room hotel and condominiums. Spear Street Capital is heading the office development at Perimeter Summit and recently partnered with STHRN Hospitality to add two new restaurants set to open this year: The Little Gem and Pizza Stop. Residences at Perimeter Summit will include a mix of studio, one-, two- and three-bedroom apartments with an average unit size of more than 900 square feet. Community amenities will include a resort-style pool, three courtyards, 1,200-square-foot speakeasy lounge, fitness center, clubroom, coworking center, private conference and study rooms, tasting room, pet spa, golf simulator, wellness sauna and access to walking trails and two MARTA stations. The design-build team includes architect Cooper Carry and general contractor New South Construction. The construction timeline was not disclosed.

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DevelopmentIllinoisIndustrialLoansMidwest

Cinnaire Invests $7M in New Markets Tax Credits for Tillamook Creamery Project in Decatur, Illinois

by Kristin Harlow

DECATUR, ILL. — Cinnaire has invested $7 million in New Markets Tax Credits to support the rehabilitation and expansion of the former Prairie Farms dairy plant into the Tillamook Decatur Creamery. The facility, located at 757 N. Morgan St. in Decatur, is being transformed into a modern 79,000-square-foot creamery to support Tillamook County Creamery Association’s (TCCA) production efforts in the eastern U.S. Construction began in June, and is slated for completion this month. The project, which has revitalized the vacant building into a dedicated ice cream manufacturing plant, marks a significant expansion as TCCA’s first wholly owned and operated manufacturing facility outside of Oregon and its only facility dedicated solely to ice cream production. Tillamook is an Oregon-based dairy co-op and manufacturer known for its cheese, yogurt, butter and ice cream. The Tillamook Decatur Creamery will create approximately 49 new full-time jobs. Originally opened in 1918 by Swift and Co., the Decatur plant was later acquired by Prairie Farms in 1977 where it served as an ice cream production facility until its closure in early 2022. TCCA is spending roughly $74 million adding automation, robotic palletizing and improving employee welfare spaces.

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HALL-Park-Hotel-Frisco
DevelopmentHospitalityTexas

HALL Group Opens 224-Room Hotel at Flagship Campus in Frisco

by Taylor Williams

FRISCO, TEXAS — HALL Group has opened a 224-room hotel at HALL Park, the locally based firm’s flagship campus in Frisco that is currently in the midst of a $7 billion redevelopment. The hotel, which is operated under Marriott’s Autograph Collection family of brands, features 164 traditional guestrooms and 60 suites. Amenities include a rooftop pool and bar, fitness center, restaurant and lounge, 4,000-square-foot ballroom, patio overlooking Kaleidoscope Park and a “sanctuary” space that was crafted by B2 Design Co. Construction of the hotel began in 2022.

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DevelopmentMultifamilySoutheastTennessee

Joint Venture Tops Off 16-Story Society Nashville Apartment Tower

by John Nelson

NASHVILLE, TENN. — A joint venture between Property Markets Group (PMG), New Valley Realty and RMWC has completed vertical construction on Society Nashville, a 16-story apartment tower project located in the city’s Gulch neighborhood. Upon completion, the development will offer 502 residential units. Units will include a blend of traditional apartments in studio, one-, two- and three-bedroom layouts, as well as a small number of co-living “rent-by-bedroom” options. Designed by Baker Barrios Architects, Society Nashville will also feature 8,400 square feet of retail space and 485 parking spaces. Amenities at the building will include a pool deck, fitness center, coworking spaces, music room and rooftop sky deck. In 2022, the developers received a $162 million construction loan from Square Mile Capital for the project. CrowdStreet also provided $35 million in equity.

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DevelopmentGeorgiaMixed-UseMultifamilyRetailSoutheast

Branch Receives City Council Approval for Lakeshore Mall Redevelopment in Gainesville, Georgia

by John Nelson

GAINESVILLE, GA. — Atlanta-based Branch Properties has received civic approval for the redevelopment of Lakeshore Mall, a former shopping mall in Gainesville that opened in 1970. Gainesville City Council unanimously approved the developer’s vision for a 49-acre mixed-use redevelopment that was announced this past fall. Branch plans to break ground on the redevelopment in late 2026 and wrap up construction in 2028. Located between Lake Lanier and I-985, the new Lakeshore Mall project will usher in 652 multifamily residences, 38,200 square feet of community green space and more than 300,000 square feet of retail space, including existing anchors Belk and Dick’s Sporting Goods, both of which will remain open during the redevelopment. Dick’s will relocate to a new store within the redevelopment. Len Erickson of Franklin Street is leading the project’s retail leasing component with Branch. Future plans for the project could include a hotel and townhomes.

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