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Development

The-360-The-Bronx
DevelopmentLoansMultifamilyNew YorkNortheast

JLL Arranges $130M Construction Loan for Bronx Multifamily Project

by Taylor Williams

NEW YORK CITY — JLL has arranged a $130 million construction loan for The 360, a 304-unit multifamily project that will be located in the Mott Haven neighborhood of The Bronx. The 360 will be a 13-story building with 228 market-rate and 76 affordable units that will come in studio, one- and two-bedroom floor plans. Amenities will include a rooftop lounge, fitness center with a yoga studio, coworking spaces and 24-hour concierge services, and The 360 will also house 47,892 square feet of retail space that is preleased to Food Bazaar. Lauren Kaufman and Nicco Lupo of JLL arranged the loan through PCCP on behalf of the developer, a partnership between Shorewood Real Estate Group and Bogopa Enterprises. Construction is slated for a 2028 completion.

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Chandler-Bay-Chandler-AZ
ArizonaDevelopmentIndustrialWestern

Partnership Breaks Ground on $25.3M Industrial Project in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — IndiCap and VAC Development have partnered with Mar-Gulf Management, the international real estate subsidiary of Kuwait Financial Centre K.P.S.C., and MDI Capital, the subsidiary of of Mar-Gulf, to break ground on Chandler Bay, a Class A, shallow-bay industrial project in Chandler. Located at 1820 E. Germann Road, the 110,481-square-foot facility will feature a clear height of 28 feet and column spacing of 50-foot by 56-foot and 60-foot by 56-foot. The multi-tenant property will offer 12 truck well dock doors, 15 grade-level drive-in doors and 5,000 amps power capacity. Additionally, the building will include an ESFR sprinkler system with electric pump, 120-foot to 145-foot truck court depths and parking for 221 vehicles. Tenant suites will be designed around 9,000-square-foot bay sizes with three speculative office suites ranging from approximately 1,700 square feet to 2,200 square feet delivered during shell construction. Each suite will include expandable 400-amp power service, LED warehouse lighting and fully air-conditioned warehouse space. Once completed in December 2026, Chandler Bay is expected to be the only shallow-bay industrial project in the area capable of accommodating tenants seeking approximately 17,000 square feet, according to the development team. The project team includes Berkeley Partners as senior lender, Deutsch …

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DevelopmentHospitalityIndianaMidwest

Hilton to Open 800-Room Signia Hotel in Indianapolis in February 2027

by Kristin Harlow

INDIANAPOLIS — The 800-room Signia by Hilton Indianapolis hotel is now available for reservations beginning Feb. 1, 2027. The project marks the city’s tallest hotel and the Indiana Convention Center’s newest headquarters hotel, according to Hilton. It will also be the first property in both the Midwest and Indiana for the “approachable luxury brand.” The City of Indianapolis will own the hotel, with operations led by the Capital Improvement Board of Managers of Marion County, a municipal corporation of Marion County. The hotel will be located along the Georgia Street pedestrian promenade in the Wholesale District, with direct access via skywalk to the Indiana Convention Center. The property will offer convenient access to Lucas Oil Stadium and Gainbridge Fieldhouse. Designed by Ratio Design, the property will include 70 suites ranging from 450 to 1,900 square feet. The interiors, designed by Rottet Studio Architecture and Design, will abstractly reference Indianapolis’s connection to car culture and the luxury of auto racing. The property will also feature a public art collection curated by Art Strategies. Guests will enjoy seven chef-driven dining and bar concepts, including a lobby bar, an all-day restaurant focused on elevated comfort fare and a 38th-floor bar and lounge. Additional …

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DevelopmentMidwestMissouriMultifamily

HDA Leads Historic Renovation of Liberty Hospital Building in St. Louis

by Kristin Harlow

ST. LOUIS — HDA is serving as the architect for the historic renovation of 4500 Washington, a four-story building in St. Louis that was originally constructed in the 1920s as Liberty Hospital. The first osteopathic hospital in the city, the building later evolved into a neighborhood hub for youth programs, gatherings and support services. Today, MBG is transforming the property into 31 apartment units, a dedicated community space for veterans and a revitalized neighborhood hub. The building’s history is deeply intertwined with Leo Hardin Sr., a Korean War veteran and longtime pastor of Christ Temple First Church located across the street. Through the leadership of his son, Jeff Hardin, the building is entering a new chapter. The goal is to return the property to its original role, serving as a place of care, belonging and community connection. The dedicated space for veterans will serve as a tribute to Hardin Sr.

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AbbVie-Durham-Rendering
DevelopmentLife SciencesNorth CarolinaSoutheastTop Stories

AbbVie to Invest $1.4B in New Pharmaceutical Manufacturing Facility in Durham, North Carolina

by Hayden Spiess

DURHAM, N.C. — Biopharmaceutical company AbbVie (NYSE: ABBV) has announced plans for a new pharmaceutical manufacturing campus located in Durham, according to North Carolina Gov. Josh Stein.  AbbVie will invest $1.4 billion in the project over four years, marking the company’s largest capital commitment for a single campus to date and its first investment in the Tarheel State. Last year, AbbVie unveiled plans for a $195 million expansion its manufacturing plan in its hometown of North Chicago. Both projects are part of AbbVie’s $100 billion commitment to grow its U.S. research-and-development and capital investments over the next decade. Upon completion, the Durham campus will total 185 acres and will include drug product manufacturing facilities, next-generation laboratories, a warehouse, administrative offices and employee wellness facilities. AbbVie plans to produce small volume parenteral (i.e. prefilled syringes and vials for injection or infusion) drug products at the facility. Construction of the Durham campus is scheduled to begin this year and be completed by the end of 2028. AbbVie expects the construction process to support 2,000 temporary jobs. Several state and local entities, including The North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, have collaborated with AbbVie on the project. AbbVie …

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DevelopmentMixed-UseTexas

Reports: Super Studios to Open $750M Film Production, Mixed-Use Campus in Mansfield, Texas

by Taylor Williams

MANSFIELD, TEXAS — Super Studios USA will open a film production and mixed-use campus in Mansfield, a southern suburb of Fort Worth, according to reports from multiple news outlets, including MSN and the Dallas Business Journal. Both publications report that the project is valued at roughly $750 million, with construction of a $50 million first phase set to begin in late summer or early fall. MSN also reports that the campus will ultimately span 75 acres and will feature residential, hospitality, retail and restaurant components in addition to film production space. Lastly, both MSN and the Fort Worth Star-Telegram report that the film production component will include four 18,000-square-foot sound stages with 42,000 square feet of attached offices with post-production and data center suites.

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DevelopmentMixed-UseSoutheastVirginia

Timberline, Origami Capital Break Ground on 6.4 MSF Rivana Mixed-Use Development in Northern Virginia

by John Nelson

DULLES, VA. — A partnership between Timberline Real Estate Partners and Origami Capital Partners LLC has broken ground on Rivana, a 6.4 million-square-foot mixed-use development located on 103 acres in Northern Virginia’s Loudoun County. County officials attended the groundbreaking ceremony, which was held on Monday, April 20. According to the Loudoun County website for the project, plans for Rivana include a 463,000-square-foot retail village; 3.5 million square feet of Class A offices; 3,700 residential units; 500 hotel rooms; a performing arts venue; and two public parks at full build-out. The construction timeline was not released, but Washington Business Journal reports the developers will begin vertical construction on Phase I in mid-2027. The first phase will span 2 million square feet and include 1,500 apartments, a hotel and 150,000 square feet of retail space. Rivana is situated along the border of Loudoun and Fairfax counties near the Innovation Center Metro station and within one mile from Dulles International Airport. The development will feature four full phases in Loudoun County and a fifth in Fairfax County, according to Washington Business Journal.

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Avondale-Tech-Center-Avondale-AZ
AcquisitionsArizonaDevelopmentIndustrialWestern

Creation to Develop 700,000 SF Industrial Campus in Avondale, Arizona

by Amy Works

AVONDALE, ARIZ. — Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has closed on a 38-acre site in Avondale for the development of Avondale Tech Center, a Class A industrial campus. Construction is slated to begin this summer. LGE Design Build will serve as both architect and general contractor for the project. Riley Gilbert, John Lydon and Kelly Royle of JLL will handle leasing for the asset. Located at the northwest corner of 117th Avenue and Corporate Drive, Avondale Tech Center will consist of three buildings ranging from 212,184 square feet to 254,264 square feet. Each building is designed to accommodate the operational needs of modern industrial users, including advanced manufacturing, research and development and assembly operations. The buildings will feature 36-foot clear heights, seven-inch unreinforced slab floors, 60 mil white TPO roofing with R30 insulation and 3,000-amp, 480-volt three-phase power expandable to 6,000 amps. The properties will incorporate critical FM Global features, including a steel roof and an upgraded K-25 ESFR sprinkler system. The campus will also include four electric vehicle chargers with eight charging stalls per building and a fully gated secure site. Avondale Tech Center will offer tenant-focused outdoor amenities, including dedicated …

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DevelopmentMidwestMultifamilyOhio

Cross Street Begins Leasing Efforts for 124-Unit Westline Apartment Community in Lakewood, Ohio

by Kristin Harlow

LAKEWOOD, OHIO — Cross Street has begun leasing, marketing and property management services for Westline, a two-building apartment community located at 16000 Detroit Ave. in Lakewood, a suburb of Cleveland. Resident move-ins at the property, which is 20 percent preleased, will begin in late April. Westline features 124 units starting at $1,695 per month. Amenities include a fitness center, resident lounge, package services and bike storage. Reserved parking is available in the attached garage.

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DevelopmentHealthcareMidwestMinnesota

Kraus-Anderson Completes 10,000 SF Remodel at Lakeview Clinic in Waconia, Minnesota

by Kristin Harlow

WACONIA, MINN. — Kraus-Anderson has completed an interior and exterior remodel of Lakeview Clinic in Waconia, about 35 miles southwest of Minneapolis. Designed by DSGW Architecture, the project includes a 10,000-square-foot renovation. Key updates included relocating the main entrance; phased enhancements to the waiting areas and registration desk; and the expansion and renovation of the OB/GYN and podiatry clinics as well as the optical shop. The project also added new patient parking, including handicap stalls directly adjacent to the new entrance. Lakeview Clinic is an independent, physician-owned multispecialty group that has served the area for 70 years. Lakeview also operates clinics in Chaska, Norwood and Watertown.

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