IRVING, TEXAS — Lone Star PACE has provided an $11.6 million C-PACE (Commercial Property Assessed Clean Energy) loan for a data center conversion project in Irving. The project centers on the conversion of the vacant, 113,406-square-foot industrial flex building at 6001 Campus Circle Drive W, which was built on 4.7 acres in 1981, into Vesgro Data Center, a colocation facility with a 45,000-square-foot data hall and 3.0 megawatts of power capacity. The borrower is local data center developer Infrascale Systems. Construction is underway and expected to be complete in September.
TOLLESON, ARIZ. — Developer GO Industrial and general contractor Willmeng Construction have broken ground on GO|99 North, a 1.1 million-square-foot speculative industrial building in Tolleson. GO|99 North will feature a Class A warehouse and distribution facility. Situated on 75 acres in Tolleson’s Estrella Park neighborhood, the property will feature 40-foot clear heights, 190 dock-high doors, four grade-level doors and all-concrete, 245-foot truck courts. Additionally, the air-conditioning-ready warehouse will include 1,200 parking spaces for cars, 113 spots for trucks and trailers, 3,600 amps of expandable power and perimeter fencing with seven rolling gates. Designed by DLR Group, GO|99 North will complement GO|99 South, a three-building, 1.3 million-square-foot industrial park.
FORT COLLINS, COLO. — Livmark Communities has broken ground on The Collins Apartments at Union Park, a 457-unit multifamily project in Fort Collins. Once complete, The Collins will feature 233 one-bedroom units, 160 two-bedroom apartments and 64 three-bedroom residences. Units will include quartz countertops, balconies, 36-inch bathtubs, kitchen islands, full-size washers and dryers, walk-in closets, luxury vinyl plank flooring and smart thermostats and locks. Community amenities will include a clubhouse, fitness room with yoga studio, sauna, golf simulator, pool and hot tub with cabanas, turf lounge area with cornhole, rooftop decks facing the mountains, controlled access, locked bike storage, elevators, community-wide gig-speed WiFi and garages with EV charging. The all-electric design will also include solar panels. The first units are slated for delivery in spring/summer 2027. Concord Summit Capital arranged a previously announced $115.5 million construction loan for the project.
PORTLAND, ORE. — Prologis is underway on construction of a 271,828-square-foot industrial facility at 3509 N.E. Columbia Blvd. in Portland. Daimler Truck North America (DTNA) will occupy the building, which will be known as Prologis Broadmoor, to support its aftermarket parts distribution operations. The Class A property will feature 36-foot clear heights and an 8,750-square-foot office space. Construction began in April 2026, with shell completion expected for early 2027. Prior to vertical construction, Prologis completed significant wetlands restoration project involving approximately 45 acres of land surrounding the facility that previously supported water- and fertilizer-intensive golf course operations.
MPZ, Capstone Near Completion of $36M Multifamily Adaptive Reuse Project in Templeton, Massachusetts
TEMPLETON, MASS. — A partnership between metro Boston-based MPZ Development and Capstone Communities is nearing completion of a $36 million multifamily adaptive reuse project in Templeton, about 65 miles northwest of Boston. A housing lottery was launched and closed on July 15, and full completion is slated for this fall. Designed by ICON Architecture, the project converted the historic Baldwinville Elementary School, which was originally built in 1923, into a 54-unit apartment complex known as Baldwinville School Apartments. Residences come in studio, one-, two- and three-bedroom floor plans, and the majority (49) of the units are reserved for households earning between 30 and 60 percent of the area median income. Amenities include a children’s playground, fitness center, electric vehicle charging stations, onsite laundry facilities and a community walking trail and green space.
NEW YORK CITY — The Korea International Trade Association (KITA) has begun the $200 million redevelopment of 460 Park Avenue, a 22-story office building at the thoroughfare’s intersection with East 57th Street in Midtown Manhattan. Upon completion, the building will offer 350,000 square feet of Class A office space. According to the development team, the building, which was originally constructed in the mid-20th century, is “being returned to its original steel structure and rebuilt with state-of-the-art infrastructure.” Within this framework, plans call for upgrades to the lobby, elevators, façade and utility systems. More specifically, the revamped lobby will feature hospitality-driven amenities that are “centered on activating terraces and outdoor space, creating a seamless connection to the outdoors for tenants.” The project will also introduce a formal amenity suite with conference and event spaces, as well as lounge, dining and wellness areas. The project team is also targeting certain designations — LEED Gold, WELL certification and WiredScore Platinum — for its utility systems and infrastructure. KITA has also tapped JLL to lease 460 Park Avenue upon completion of the redevelopment, which is scheduled for mid-2028. “We are reimagining 460 Park Avenue with a focus on quality, performance and experience, delivering a …
ALLEN, TEXAS — Local developer Gillett Commercial will build a speculative office and flex building in Allen, a northeastern suburb of Dallas. Known as Allen Place, the building is initially planned to be 89,032 square feet, comprising a 71,032-square-foot footprint plus an 18,000-square-foot mezzanine level that can be expanded by 20,000 square feet, offering up to 109,032 total square feet. Meinhardt & Associates is the project architect, and Raymond Construction will be the general contractor. Citadel Partners will market the space for lease. Gillett is developing the project, construction of which is set to start later this year and last about year, in partnership with the Allen Economic Development Corp.
POOLER, GA. — Thompson Thrift plans to soon break ground on The Foundry at Mosaic, a 300-unit luxury multifamily community located in Pooler, a western suburb of Savannah. The development will be capitalized with equity from the Thompson Thrift 2025 Multifamily Development investment fund. Construction is expected to begin this month, with resident move-ins anticipated for November 2027. Situated within the Mosaic Town Center mixed-use development, The Foundry will feature a mix of one-, two- and three-bedroom apartments spanning up to 1,475 square feet in size. Amenities will include a resort-style swimming pool, 24/7 fitness center, courtyards, an outdoor entertainment kitchen, grilling areas, a pickleball court, dog park, resident conference room, billiards, shuffleboard, a golf simulator and a variety of indoor/outdoor gathering spaces. The Foundry at Mosaic marks Thompson Thrift’s second multifamily development near the Savannah Quarters master-planned community. In addition, the firm recently completed construction on The Liliana, a 360-unit luxury apartment community currently leasing nearby.
BLYTHEWOOD, S.C. — Chesterfield has broken ground on Carolina Pines International Commerce Center, a planned industrial development located about 18 miles north of Columbia. Carolina Pines International Commerce Center is designed for industrial, manufacturing and logistics use, specifically marketed to attract suppliers and operations supporting the nearby Scout Motors’ $2 billion Blythewood electric vehicle manufacturing facility. Building 1, which will total approximately 162,176 square feet, will include 32-foot clear heights, 35 dock doors, 49 trailer parking spaces, 107 car parking spaces, 7-inch concrete floor slabs and a 3,000-amp power supply. Building 1 is expected to be delivered in the first quarter of 2027. Building 2 is planned as a 212,420-square-foot speculative building. Further details of the project were not disclosed.
ARLINGTON, VA. — Monday Properties has received approval from the Arlington County Board for a major site plan amendment for the redevelopment two contiguous 12-story office buildings in Arlington’s Rosslyn district: 1401 Wilson Boulevard and 1400 Key Boulevard. The two office buildings, which were constructed in 1964, will be transformed into two 27-story multifamily towers dubbed The 1400s that will total 831 apartments, along with 28,959 square feet of ground-floor retail space anchored by a grocery store and a split-level parking garage. In addition, roughly 52 percent of the site will be allocated for publicly accessible open space. The project team includes Shalom Baranes Associates (architect of record), ParkerRodriguez (landscape architect) and VIKA Capitol (civil engineering and site design firm). A timeline for construction was not disclosed.