Development

SDSU-Mission-Valley-SD-CA

SAN DIEGO — PMB and Pillar Properties will develop a 224-unit senior living community at San Diego State University. Dubbed SDSU Mission Valley, the project will total 295,000 square feet across seven stories and will feature independent and assisted living units, as well as 26 memory care residences. Amenities at the property will include a restaurant and bistro, community room, fitness center, rooftop deck, pool and outdoor courtyard. Urbal Architecture is serving as the architect. Construction is scheduled to begin at the end of 2027, with completion expected in 2030. Merrill Gardens will manage the community.  The project is subject to approval by the California State University governing Board of Trustees. Once open, the university plans to partner with Merrill Gardens to provide students with internships, employment and community engagement opportunities. Residents will have access to campus programming and learning opportunities, and the community will collaborate with SDSU’s Center for Excellence in Aging and Longevity. 

FacebookTwitterLinkedinEmail
Elara-Rendering_New-York-City

NEW YORK CITY — The Domain Cos. has secured $175.6 million in financing from Wells Fargo for the development of a new multifamily project in the Astoria neighborhood of Queens. Canyon Partners Real Estate and BLDG Management are Domain’s equity partners on the deal.   Chris Peck and Nicco Lupo of JLL Capital Markets arranged the construction financing on behalf of Domain.  Dubbed Elara, the new development will total 429 apartments. The property will include an 18-story building with 330 units — Elara East — and a 12-story building with 99 units — Elara West. Of the apartments, 107 units, or 25 percent, will be designated as permanently affordable housing.  Amenities at Elara will include fitness centers, coworking spaces, a screening room, listening lounge, gaming room with a golf simulator, children’s playroom, dog wash station, outdoor courtyards and a rooftop terrace. The property will also feature 4,000 square feet of retail space.  Good Co. will market and lease the residential units on behalf of the ownership, and Igloo will handle marketing and leasing for the commercial spaces. VOREA Construction Group, a subsidiary of Domain, will serve as the general contractor. Domain acquired the company in 2025. Founded in 2004, Domain is headquartered …

FacebookTwitterLinkedinEmail

GAINESVILLE, TEXAS — A partnership between B-29 Investments and Hughes Commercial has broken ground on Camp Howze Industrial Rail Park, a 489-acre industrial park in Gainesville, located north of the metroplex in Cooke County. Located along I-35 and U.S. Highway 82, the master-planned development could ultimately feature as much as 7 million square feet of industrial space across 14 buildings. Camp Howze Industrial Rail Park will be able to accommodate users with requirements from 50,000 to 1 million square feet and will also offer build-to-suit facilities for lease or purchase. BNSF Railway is constructing a rail connection that will provide direct service to the park, with service expected to commence in the second quarter of 2027. Stream Realty Partners is leasing the development.

FacebookTwitterLinkedinEmail
Avenue-C-Houston

HOUSTON — New Hope Housing has completed NHH Avenue C, an affordable seniors housing project in Houston’s Magnolia Park/East End neighborhood. The number of units in the age-restricted (55-plus) complex was not disclosed, but residences come in one-, two- and three-bedroom floor plans. Amenities include a standalone community building, lounges and dining areas, a theater room and onsite resident programming services.

FacebookTwitterLinkedinEmail

WALLER COUNTY, TEXAS — Clay Development & Construction Inc. has broken ground on a 31,800-square-foot speculative industrial project in Waller County, located northwest of Houston. The building will be situated on a 2.4-acre site within Pederson West Business Park and will feature 120-foot truck court depths, 23 parking spaces and build-to-suit office space. Completion is slated for early next year.

FacebookTwitterLinkedinEmail

WEST CHESTER, PA. — Charter Senior Living has broken ground on a 162-unit project in West Chester, located roughly 30 miles west of Philadelphia. Charter Senior Living of West Chester will offer independent living, assisted living and memory care residences. Charter is developing the project in partnership with Paradise Management. Completion is scheduled for late next year.

FacebookTwitterLinkedinEmail

CHICAGO — Skender has completed the 83,000-square-foot build-out of Harrison Street Asset Management’s headquarters at The Fulton, an office property located at 919 W. Fulton Market in Chicago. The real estate and infrastructure investment management firm is relocating from its prior location at 444 W. Lake St. Harrison Street’s three-floor build-out features an atrium stair, dedicated executive suite, a mix of private offices and open work areas as well as large terrace spaces. A central café is equipped with a full bar and built-in audiovisual system to accommodate meetings. SCB was the architect. Skender also served as the base building general contractor for the 535,000-square-foot development, which wrapped construction in April. In addition to office tenants, the property is home to Gibson’s Steakhouse and Equinox Fitness.

FacebookTwitterLinkedinEmail

AUBURN, ALA. — Morrison Avenue Capital Partners has completed Hilltop Auburn, a 128-bed student housing property located near the Auburn University campus in Alabama. The community offers four- and five-bedroom townhomes with bed-to-bath parity and attached garages. The development team for the project included Lauderdale Architecture + Development and Reed Construction. 360 Property Management operates Hilltop Auburn on behalf of Morrison Avenue.

FacebookTwitterLinkedinEmail
The-Mark-Fort-Collins-CO

FORT COLLINS, COLO. — Landmark Properties has completed The Mark Fort Collins, a 397-bed student housing development located at 255 Johnson Drive near the Colorado State University campus in Fort Collins. The six-story community was developed in partnership with Silverpeak Real Estate Partners and Peninsula Investments. The property offers 193 fully furnished units in a mix of studio through four-bedroom configurations with bed-to-bath parity. Shared amenities include a heated outdoor pool, sky deck and lounge, gaming lawn, hammock grove, fitness center, coffee bar, sports simulator, private study and coworking rooms, three courtyards, multiple fire pits with seating areas, outdoor grilling space and a wellness center. The development team for the project included Mode 3 Architecture and Landmark Construction. 

FacebookTwitterLinkedinEmail
Uplands-Twinwood-Business-Park-Brookshire

BROOKSHIRE, TEXAS — Local owner-operator Clay Development & Construction Inc. has broken ground on two industrial buildings totaling 552,240 square feet in Brookshire, a western suburb of Houston. The 291,720-square-foot Twinwood Distribution Center IV and the 260,520-square-foot Twinwood Distribution Center V are both part of the 200-acre first phase of Uplands Twinwood Business Park. The buildings both feature 36-foot clear heights, 69 dock-high doors, four drive-in ramps and 2,600 square feet of office space, in addition to a combined 342 car parking spaces and 120 trailer parking spaces. Completion is slated for the first quarter of next year. KBC Advisors has been tapped as the third-party leasing agency for the two buildings.

FacebookTwitterLinkedinEmail