DETROIT — Barton Malow has been selected as the construction manager for Detroit City Football Club’s new home stadium, AlumniFi Field. The privately funded, 15,00-seat venue will be built between Detroit’s Corktown and Mexicantown neighborhoods. Founded in 2012, Detroit City FC’s current home is Keyworth Stadium, a 7,000-seat venue. AlumniFi Field will be designed to evoke the atmosphere of European football stadiums, featuring a natural grass pitch and three permanent grandstands with canopies. The soccer stadium is also envisioned to host other sporting events, concerts and community programming. AlumniFi Field will rise on the site of the former Southwest Detroit Hospital, a Black-owned hospital that opened in 1973 and closed in 2006. It remained vacant until its demolition earlier this year. Barton Malow will work with Detroit City FC to incorporate a permanent installation in the new stadium that honors the former hospital’s legacy and contributions to the Detroit community. Site work for the project has commenced. Foundation work, structural steel installation and interior build-out will follow.
ELK GROVE VILLAGE, ILL. — Nicholas & Associates and Wingspan Development Group of the Nicholas Family of Cos. have opened the initial commercial phase of The VUE, a 10-acre mixed-use development in Elk Grove Village. The retail spaces are home to Tensuke Market and Food Court, 7 Mile Cycles, Jarosch Bakery and Vini’s Pizza. Plans for The VUE include a 271-unit apartment community, 16 rental townhomes, a multi-story clubhouse with a pool and other amenities for residents and 52,000 square feet of retail space. A newly constructed and nearly completed pedestrian overpass will connect the development with the 3,500-acre Ned Brown Forest Preserve.
HARDEEVILLE, S.C. — Henderson Park, an international private equity real estate firm, and Green Room Partners (GRP), a Charleston-based real estate development and investment firm, has broken ground on The Bower, a 266-unit build-to-rent community located in Hardeeville, about 17 miles north of Savannah. Situated off US-278 in the state’s Lowcountry region, the community will include amenities such as a centrally located clubhouse with a library, coworking space, community kitchen, lounge and fitness center. Outdoor amenities will include a swimming pool, kitchen and bar, cabana, grilling stations, pickleball courts, a putting green, fire pit and dog park, as well as an interconnected walking trail system. The amenity space will be completed by July 2027, while the first residences at The Bower are expected to deliver in November 2027.
BAYONNE, N.J. — Barings has provided $86.2 million in bridge financing for a 355,580-square-foot industrial property in the Northern New Jersey community of Bayonne. Bridge Point Bayonne was built in 2024 on a 17.6-acre site that is approximately 1.5 miles from the New Jersey Turnpike. Building features include a cross-dock configuration, clear height of 40 feet, 70 dock doors, four drive-in doors and parking for 213 cars and 56 trailers. Jon Mikula, Michael Klein, Michael Lachs and Kevin Badger of JLL arranged the floating-rate loan on behalf of the borrower, Kurv Industrial, the Chicago-based investment and development firm formerly known as Bridge Industrial.
SALINE TOWNSHIP, MICH. — Data center development and investment platform Related Digital has secured financing for Oracle’s $16 billion project in Saline Township, roughly 50 miles southwest of Detroit. Originally announced in October 2025, the development is being built for Oracle (NYSE: ORCL) as part of its partnership with OpenAI, an artificial intelligence (AI) research firm and operator best known for ChatGPT. In September 2025, OpenAI, Oracle and Softbank announced plans for the development of five new data centers as part of a $500 billion Stargate initiative. Financing for the project includes equity from Related Digital and funds affiliated with Blackstone (NYSE: BX), as well as fixed-rate, long-term financing from PIMCO (Pacific Management Investment Co.)-managed funds and accounts. Bank of America served as the structuring agent and financial advisor, and Goldman Sachs and Wells Fargo are acting as advisors to Related Digital. According to Related Digital, the new Michigan data center will create 2,500 construction jobs, as well as 450 permanent onsite positions and 1,500 permanent jobs throughout the county. The project will also preserve 750 acres of open space, farmlands and wetlands. DTE Energy is fully supplying power for the project, using existing resources and a new battery storage investment financed entirely by …
TAMPA, FLA. — Newmark has arranged a $94.4 million loan for the refinancing of Hotel Cala, formerly known as Hotel Tampa Riverwalk. The 281-room is located along the 2.6-mile Tampa Riverwalk overlooking the Hillsborough River in downtown Tampa. Jordan Roeschlaub, Nick Scribani, Ricky Braha, Tyler Dumon and Tate Keir of Newmark arranged the financing through Bain Capital and Smith Hill Capital on behalf of the borrower, a partnership between Newbond Holdings and Apollo. The ownership is executing a comprehensive repositioning strategy at Hotel Cala, including a full renovation and rebranding of the property into a luxury hotel under the Curio Collection flag. Renovations will include upgrades to guest rooms, meeting spaces and amenity offerings, including a flagship food-and-beverage concept. The construction timeline for the repositioning was not disclosed.
SAVANNAH, GA. — Noble Investment Group has opened Tempo by Hilton Savannah Historic District, a 148-room hotel located at 220 E. Bryan St. in downtown Savannah. Situated off Reynolds Square and steps from the Savannah River, the hotel represents the first Tempo by Hilton property in Georgia. McKibbon Hospitality manages the hotel on behalf of Noble. Each hotel room offers spa-inspired bathrooms with Bluetooth speaker mirrors and Apotheke bath products; Sealy Accelerate mattresses; Peloton bikes; yoga mats; and resistance bands. Amenities include a lobby with gathering spaces, 3,000 square feet of meeting spaces and a 24-hour fitness center. Food-and-beverage offerings include Waving Girl Rooftop, a rooftop bar, and Bluestone Lane Café, an Australian-style café overlooking Reynolds Square.
DELRAY BEACH, FLA. — FRP Development Corp. has completed the first phase of Logistics Center at Delray, a 40-acre industrial park underway in west Delray Beach. Situated along Route U.S. 441 in South Florida’s Palm Beach County, Phase I of the park comprises a 200,000-square-foot facility with 36-foot ceiling heights, 215 parking spaces and 45 dock doors. Christopher Thomson, Matthew McAllister and Eric Cantor of Cushman & Wakefield are handling the leasing assignment for the facility, which is divisible to 30,000 square feet. FRP Development is developing the park in partnership with PCCP LLC. At full build-out, Logistics Center at Delray will span three buildings totaling approximately 600,000 square feet.
KNOXVILLE, TENN. — A joint venture between Novare Group and Batson-Cook Development Co. (BCDC) has begun tenant move-ins at Elmstead West Knoxville, a 271-unit apartment community located at 962 Mabry Hood Road in Knoxville. The property features a mix of one-, two- and three-bedroom residences, as well as a resort-style pool, private garages, coworking lounge, fitness center, clubroom, grilling stations, fire pits, a dog park and pet spa. Monthly rental rates at Elmstead West Knoxville start at $1,557, according to the property website. The design-build team includes architect Dynamik Design and general contractor Summit Contracting Group. SouthState Bank provided construction financing to Novare and BCDC.
SUNNYVALE, TEXAS — California-based development and investment firm CapRock Partners has broken ground on Clay Road Business Park, a 483,128-square-foot industrial project in Sunnyvale, an eastern suburb of Dallas. Clay Road Business Park will consist of three shallow-bay buildings that will total 124,140, 155,802 and 203,186 square feet. Buildings will feature 32- to 36-foot clear heights, 81 dock-high doors, six grade-level doors and parking for 517 cars and 67 trailers. Greg Brown, Greg Napper, Peter Thompson, Kyle White and Nick Englhard of JLL arranged an undisclosed amount of construction financing for the project through an unnamed regional bank. The loan carried a floating interest rate and a 3.5-year term with two one-year extension options.