Wednesday, June 3, 2026
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Development

Terraces-Hall-Park-Frisco
DevelopmentOfficeTexas

HALL Group to Develop 200,000 SF Office Building in Frisco

by Taylor Williams

FRISCO, TEXAS — HALL Group will develop a 200,000-square-foot office building at its flagship campus in Frisco, located north of Dallas, that is in the midst of a $7 billion redevelopment. Terraces Hall Park will be a 10-story building with wellness-themed amenities, including a fitness center, as well as a 1,300-space parking garage. The Beck Group is the architect and general contractor for the project, construction of which is scheduled to begin this month and to be complete in 2028. HALL Group is simultaneously working with the City of Frisco on a $14 million expansion of Kaleidoscope Park that will deliver additional landscaped areas, an enhanced performance lawn, water features and an outdoor video screen and performance stage.

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La-Ventana-at-Canyon-West-Lubbock
DevelopmentLoansMultifamilyTexas

Dwight Capital Provides $27M HUD-Insured Loan for Lubbock Multifamily Project

by Taylor Williams

LUBBOCK, TEXAS — New York City-based Dwight Capital has provided a $27 million HUD-insured loan for a 104-unit multifamily project in the West Texas city of Lubbock. The 10-building project represents Phase II of a larger development known as La Ventana at Canyon West. The unit mix will comprise 54 one-bedroom residences, 46 two-bedroom apartments and four three-bedroom units, all of which will have private balconies/patios. Brandon Baksh and Tommy Ng of Dwight originated the loan through HUD’s 241(a) program on behalf of the borrower, Martin Inderman Development.

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DevelopmentLoansMassachusettsMultifamilyNortheastOffice

Washington Trust Provides $47.6M in Financing for Worcester Office-to-Residential Conversion Project

by Taylor Williams

WORCESTER, MASS. — Washington Trust Co. has provided $47.6 million in financing for an office-to-residential conversion project in Worcester. The project will convert the former Fallon Community Health Plan headquarters at 10 Chestnut St. into a 198-unit, market-rate apartment complex. Units will come in studio, one- and two-bedroom floor plans, and amenities will include a pool, fitness center and a rooftop deck. Construction began last year and is expected to be complete this fall. MassDevelopment also provided $3.6 million in financing for the project.

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DevelopmentLouisianaMultifamilySoutheast

Audubon Underway on Redevelopment of 446-Unit Apartment Complex in Baton Rouge

by John Nelson

BATON ROUGE, LA. — Atlanta-based multifamily investment firm Audubon is redeveloping Fairway View Apartments, a 446-unit complex in the Westdale Heights neighborhood of Baton Rouge. The complex, which Audubon is rebranding as Palmer Club Apartments, is undergoing renovations, including the addition of a fitness center and a centralized mail handling system. Each apartment will receive approximately $8,000 to $10,000 in capital improvements. Palmer Club offers one-, two- and three-bedroom units with rents ranging from $775 to $1,400. 

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DevelopmentMultifamilyNorth CarolinaSoutheast

Jefferson Apartment Group Begins Leasing 350-Unit Property in Charlotte’s Optimist Park Neighborhood

by John Nelson

CHARLOTTE, N.C. — Regional multifamily developer Jefferson Apartment Group (JAG) has begun leasing J Optimist Park, a six-story, 350-unit apartment building located outside of downtown Charlotte in the city’s Optimist Park neighborhood. The building offers one- and two-bedroom units that range in size from 523 and 1,197 square feet. Monthly rental rates at J Optimist Park range from $1,280 to $2,230, according to Apartments.com. Amenities include a pool, outdoor yoga lawn, bike storage and 467 resident parking spaces. United Bank provided construction financing for the project.

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DevelopmentHospitalityMidwestNorth Dakota

Kraus-Anderson Completes $100M Renovation of 4 Bears Casino & Lodge in North Dakota

by Kristin Harlow

NEW TOWN, N.D. — Kraus-Anderson has completed a $100 million, 146,200-square-foot renovation and addition at 4 Bears Casino & Lodge, which is located on the western shore of Lake Sakakawea in New Town. Kraus-Anderson demolished the former two-story hotel and remodeled the existing casino, adding a seven-story, 108,000-square-foot hotel tower with 90 guest rooms. The total room count is now 264. Renovations included extending the existing gaming area and remodeling the 20,271-square-foot restaurant into a sports bar with a dining room and gaming stations. New construction includes a seventh-floor, 2,500-square-foot ballroom, meeting rooms and a fine dining steakhouse. Additions include a new Sakakawea Spa with couples’ massage, a gift shop, fitness room and a hair and nail salon. The project team included Wenaha Group, a Native-owned owner’s representative firm and TBE Architects, a St. Louis-based, Native American-founded design firm. Construction of the new hotel tower began in June 2023.

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DevelopmentIllinoisIndustrialMidwest

Ryan Cos. Breaks Ground on 190,000 SF Spec Industrial Facility in Bellwood, Illinois

by Kristin Harlow

BELLWOOD, ILL. — Ryan Cos. US Inc., in joint venture with Washington Capital Management Inc., has broken ground on a 190,000-square-foot speculative industrial facility in Bellwood, about 13 miles west of Chicago’s downtown Loop. The project is on the 13-acre site of the former SureBuilt building. The facility will feature a clear height of 32 feet and immediate access to several interstates as well as proximity to the Chicago O’Hare airport. The flexible design will accommodate uses from warehousing and distribution to light manufacturing. Ryan is the developer and builder. Completion is slated for spring 2027.

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DevelopmentHospitalityTexas

Extended Stay America Opens 104-Room Hotel in Longview, Texas

by Taylor Williams

LONGVIEW, TEXAS — Extended Stay America has opened a 104-room hotel in Longview, about 110 miles east of Dallas. Extended Stay America Select Suites – Longview features suites with fully equipped kitchens, including full-size refrigerators, stovetop microwaves and cookware, as well as dedicated work and dining areas. Amenities include a pool, outdoor grilling and dining stations and onsite laundry facilities. CenterPoint Hospitality owns the hotel.

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DevelopmentMultifamilyTexas

StreetLights Begins Leasing 68-Unit Townhome Complex in Arlington

by Taylor Williams

ARLINGTON, TEXAS — StreetLights Residential has begun leasing The Linden Townhomes, a 68-unit complex in Arlington. The property is located within the 2,000-acre Viridian master-planned development, and units come in two-bedroom formats and offer private yards and two-car garages. Amenities include a central pool and green space, as well as a library, coworking space and a clubhouse with a game room and event kitchen. Rents start at $3,475 per month.

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Wallace-Campus-Poughkeepsie-New-York
Affordable HousingDevelopmentMultifamilyNew YorkNortheast

Partnership Breaks Ground on $147M Affordable Housing Redevelopment in Poughkeepsie, New York

by Taylor Williams

POUGHKEEPSIE, N.Y. — A partnership between Mega Development Group, Ametrine Group and social services provider Mental Health America of Dutchess County has broken ground on Wallace Campus, a $147 million affordable housing redevelopment project in Poughkeepsie, located north of New York City. An adaptive reuse of the site of the former Wallace Department Store, the property will offer 187 units in studio, one-, two- and three-bedroom floor plans that will be reserved for households earning 80 percent or less of the area median income. In addition, the development will have 30 supportive housing units and 22,000 square feet of commercial space. Social services will include home health care management, community education and family support and advocacy. The amenity package will comprise a game room, fitness center, movie screening room, coworking space and a study hall. Financing for the project is supported by New York State Homes & Community Renewal’s federal tax credit program, which is expected to generate $46 million in equity, as well as a range of other public subsidies.

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