WAXAHACHIE, TEXAS — Baylor Scott & White has provided updates on a $240 million healthcare expansion project in Waxahachie, a southern suburb of Dallas. Baylor Scott & White Medical Center – Waxahachie is a 52-acre campus that opened in 2014, and construction is now complete on a six-story inpatient building that represents the largest phase of the broader expansion project. The new building increases the facility’s licensed bed count from 140 to 199 and features an intensive care unit, surgery department and an expanded emergency department. Project partners included architect HKS, general contractor Whiting-Turner and Henderson Engineers. Construction of the new building began in spring 2024.
HOUSTON — Holt Lunsford Commercial Investments (HLCI), the investment and development arm of the Dallas-based brokerage firm of the same name, has broken ground on The Bend at 249, a 191,768-square-foot industrial project in northwest Houston. The site spans 14.4 acres along State Highway 249, and the development will consist of a single rear-load building with 36-foot clear heights, drive-in ramps with oversized doors, 44 dock-high doors and 61 trailer parking stalls. HLCI has tapped CBRE to market the project for lease. Construction is expected to be complete in the second quarter of next year.
ORLANDO, FLA. — JLL has arranged a $386 million construction loan for the development of InterContinental Orlando, a 700-room hotel located at 8001 International Drive in Orlando. Set to open in 2029, the 12-story hotel will span more than 900,000 square feet and be situated near Universal Epic Universe, Universal Orlando Resort, Walt Disney World Resort and the Orange County Convention Center. Kevin Davis, Mark Fisher, Jillian Mariutti, Wyatt Krapf, Henry Winchester and Martha Duff of JLL arranged the four-year, floating-rate loan through Civitas on behalf of the borrowers, Flag Luxury Group and Unicorp National Developments Inc. The loan features two one-year extension options. InterContinental Orlando will operate under the InterContinental Hotels & Resorts brand and include 105,000 square feet of meeting and pre-function space, multiple food-and-beverage venues, a conservatory, spa and wellness facilities, fitness center, lounge, pool and structured parking.
SAVANNAH, GA. — Songy Highroads and Matthews Southwest Hospitality have topped out Signia Hotel Savannah, a 444-room hotel for the recently expanded Savannah Convention Center. Songy Highroads and Matthews Southwest Hospitality are co-developing the Signia Hotel Savannah in partnership with the Georgia World Congress Center Authority. Hilton will manage the hotel upon completion. The project was funded by a $398 million municipal bond offering through Morgan Stanley. The Savannah-Georgia Convention Center Authority owns the hotel project, which is set to open in 2028. The hotel will include more than 34,000 square feet of meeting and event space, including a 13,000-square-foot ballroom, as well as an outdoor pool and five food-and-beverage outlets.
JACKSON, GA. — Prologis has broken ground on a nearly 1.3 million-square-foot cross-dock logistics facility at Prologis 75 Commerce Center in Jackson, a city southwest of Atlanta in Butts County. The development sits in Atlanta’s I-75 South submarket and will feature 42-clear heights, 258 dock doors, four drive-in doors, a 190-foot truck court, parking for more than 500 cars and 600 trailers, 70-foot speed bays, an 8-inch reinforced slab and two 4,000-amp connections. Prologis is pursuing LEED Silver certification for the project, which will have the capacity for both solar arrays and electric vehicle parking.
PITTSBURGH — Affinius Capital has provided a $100.3 million construction loan for Atmosphere Pittsburgh, a 672-bed student housing project that will be located near the University of Pittsburgh campus in the city’s Oakland neighborhood. The borrower is a joint venture between Starwood Capital Group and Trinitas Ventures. Atmosphere Pittsburgh will rise 10 stories and offer 326 fully furnished units, 34 of which will be designated as affordable housing. Shared amenities will include a rooftop fitness center and hot tub, game room, TV and computer lounges and private study spaces. Dwell Design Studio is the project architect. Completion is slated for summer 2028.
PORTLAND, MAINE — Colwen Hotels has opened the Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, a 148-room, dual-branded property in Portland. The five-story building is located within the Thompson’s Point mixed-use development and offers shared amenities such as an indoor pool, fitness center, 24-hour market and an onsite restaurant. The Residence Inn features 70 apartment-style suites with fully equipped kitchens, and the Moxy hotel offers 78 guestrooms. Colwen’s in-house team also handled design of the project.
IRVINE, CALIF. — American Campus Communities (ACC) has closed on $191 million in financing for a 1,065-bed student housing development on the University of California, Irvine (UC Irvine) campus. The project is being developed in partnership with the Collegiate Housing Foundation, which will serve as the community’s owner, borrower and lessee. The development is scheduled for completion in fall 2028 and will span 387,000 square feet across two buildings. The community will offer 308 fully furnished units in studio through four-bedroom configurations designed to target undergraduate students. Shared amenities are set to include dedicated study areas, indoor social lounges, furnished outdoor courtyards, bicycle storage and laundry facilities. The development team for the project, which is targeting LEED Gold certification, includes KTGY and Benchmark. The partnership between ACC and UC Irvine spans 25 years and will include the delivery of 8,700 beds upon completion.
NASHVILLE, TENN. — Oracle Corp. (NYSE: ORCL) has broken ground on its future global headquarters in Nashville’s East Bank, advancing its investment in the city as a hub for cloud, artificial intelligence (AI) and healthcare technology. Project costs are estimated at $4.5 billion, according to local media reports. Oracle plans to create thousands of jobs as campus development progresses. Spanning roughly 78 acres, the planned campus will include retail spaces as well as a 120-room Nobu hotel and restaurant. The first buildings are expected to open in 2030. Oracle’s investment includes $175 million for public infrastructure such as a new pedestrian bridge across the Cumberland River, a public park, greenway connections and street improvements. The bridge will connect surrounding neighborhoods with the campus and park. Designed by Foster + Partners, the development will transform a former industrial site into a greener riverfront environment, with more than 1,900 trees and habitats designed with ecologists to support biodiversity. Oracle is targeting LEED Gold certification across the campus. In April 2024, the technology company announced that it would relocate its global headquarters from Austin to Nashville. Oracle had previously relocated to Austin from its longtime hub in Redwood City, Calif., in 2021. “Oracle’s …
SUGAR LAND, TEXAS — The City of Sugar Land, located southwest of Houston, is underway on the $12.5 million renovation and modernization of the city’s 32-acre downtown commercial center, known as Sugar Land Town Square. Under the terms of the funding agreement, which was approved last June, Building B is receiving upgrades to its communal office and amenity spaces, as well as its landscaping and streetscaping. In addition, Building H is seeing renovations to its entryway, lobby and signage, along with updates to the garden area and new furniture, fixtures and equipment. Sugar Land Town Square, which opened in 2003, is also now home to energy contracting firm Primoris Services Corp., which signed a 25,352-square-foot lease this fall. In addition, 17,000 square feet of new restaurant, retail and entertainment concepts have recently been announced at the development.