Monday, March 30, 2026
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Hanover-Warehouses
DevelopmentIndustrialMarylandSoutheast

Hanover, Northwestern Mutual Deliver 509,000 SF Industrial Park in Frederick, Maryland

by Abby Cox

FREDERICK, MD. — Hanover Co. and its institutional partner Northwestern Mutual have completed construction of Frederick Airport Park, a 509,000-square-foot industrial development located in Frederick, about 44 miles northwest of Washington, D.C. Situated directly off I-70 and adjacent to Frederick Municipal Airport, Frederick Airport Park spans 37 acres and consists of two light industrial buildings featuring 36-foot clear heights. The project team included MGMA (architect), Harris Smariga (civil engineer) and Conewago (general contractor). Construction of both buildings was completed in January. Cushman & Wakefield is marketing Frederick Airport Park to potential tenants.

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DevelopmentIndustrialSelf-StorageWashingtonWestern

SecureSpace Self Storage Opens 625-Unit Facility in Tukwila, Washington

by Amy Works

TUKWILA, WASH. — SecureSpace Self Storage has opened its newest facility located at 5950 Southcenter Blvd. in Tukwila. Formerly known as Tukwila Self Storage, the five-story, heated facility offers 53,185 square feet of storage space across 625 units in a variety of sizes. The facility is currently undergoing enhancements to meet SecureSpace’s standards. The upgraded property will feature proprietary AI-enabled cameras and sensors for enhanced security, as well as complimentary high-speed Wi-Fi.

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ArizonaDevelopmentIndustrialRestaurantRetailWestern

Creation Delivers $250M Park Algodon Industrial, Mixed-Use Development in Phoenix

by Amy Works

PHOENIX — Creation, a Phoenix-based developer, has completed construction for Park Algodon, an industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix. Spanning 86 acres, Park Algodon includes 1.3 million square feet of Class A industrial space and an adjacent 7-acre mixed-use destination with retail and restaurant space. The first phase of the industrial portion of Park Algodon was developed in partnership with Clarion Partners. The two-phase speculative industrial project includes four buildings, totaling 725,000 square feet, designed to accommodate tenants ranging from 30,000 square feet to 317,000 square feet. The industrial buildings offers 32-foot to 40-foot minimum clear heights, ample power and abundant employee parking. The second phase is permit-approved for a single 556,000-square-foot building. Separate from the joint venture, Creation developed The Shops at Park Algodon, a 14,000-square-foot restaurant and retail space. Buildings A and B will be delivered to tenants within the next 30 days. Confirmed tenants include Einstein Bros. Bagels, Chipotle, Luna Grill and Zara Nail Bar. LGE Design Build provided architectural and construction services for the project. Andy Markham and Phil Haenel of Cushman & Wakefield are handling leasing for the industrial component, while Matt Milinovich and James …

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DevelopmentMultifamilyOregonWestern

Capstone Partners Underway on 143-Unit Villebois Village Center Apartments in Oregon

by Amy Works

WILSONVILLE, ORE. — Capstone Partners has secured a $27.9 million construction loan from U.S. Bank to develop Villebois Village Center Apartments, a three-building multifamily community in Wilsonville. David Schaffer and John Petersen of Melvin Mark Capital Group originated the financing. Construction began in December 2025, with completion slated for mid-2027. Portland, Ore.-based C2K Architecture is serving as architect and Essex General Construction is the general contractor for the project. Located within the Villebois master-planned community, the project will feature 143 studio, one-, two- and three-bedroom apartments with quartz countertops, stainless steel appliances, 9-foot ceilings and air conditioning in larger units. The community also features 2,460 square feet of ground-floor commercial space, a fitness center, library/game room, top-floor lounge, bike center and pet-friendly features, including a dog wash station. The three buildings will surround a large public piazza with bocce courts, landscaping and heritage trees.

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DevelopmentMidwestMinnesotaMultifamilySeniors Housing

United Properties Begins Development of 143-Unit Active Adult Community in Minnesota

by Kristin Harlow

CORCORAN, MINN. — United Properties has broken ground on Amira Corcoran, a 143-unit active adult community in Corcoran, about 22 miles northwest of Minneapolis. The four-story development expands the Amira senior living portfolio in metro Twin Cities. The project will offer studio, one-, two- and three-bedroom apartments. Amenities will include a clubroom, fitness and yoga spaces, an arts and crafts studio, golf simulator lounge, walking trails and an outdoor amenity patio with a pool and hot tub. The first move-ins are anticipated in summer 2027. The project team includes architect Momentum Design Group, general contractor Eagle Building Co. and property manager Great Lakes Management.

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DevelopmentIndustrialMidwestNebraska

Opus Breaks Ground on 168,486 SF Spec Industrial Project Near Omaha

by Kristin Harlow

PAPILLION, NEB. — Opus has broken ground on Highway 370 Logistics, a 168,486-square-foot speculative industrial development located near the intersection of I-80 and Highway 370 in Papillion within metro Omaha. The 12-acre site is adjacent to an Amazon distribution hub. The project will feature a clear height of 32 feet, 10 dock doors, two drive-in doors, 115 vehicle parking stalls and 31 trailer parking stalls. Opus is the developer and design-builder, Raker Rhodes Engineering is the structural engineer and SVPA Architects is the architect. David Maenner and Sam Andres of CBRE are marketing the project for lease.

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DevelopmentMultifamilyNorth CarolinaSoutheast

Wood Partners, PGIM to Develop 357-Unit Apartment Community in Morrisville, North Carolina

by John Nelson

MORRISVILLE, N.C. — Wood Partners and PGIM have closed on a land acquisition in Morrisville for the development of Alta Watkins, a 357-unit apartment community. Set to open in 2028, the property will be situated in the heart of the Research Triangle and adjacent to Wake Tech’s new community college campus. Sarah Godwin and Karl Hudson of Foundry Commercial represented the land seller in the transaction. Wood Partners plans to break ground soon on Alta Watkins, which will offer one-, two- and three-bedroom apartments, as well as onsite retail space, rentable offices, short-term stay units for guests, a resort-style pool, three outdoor courtyards, outdoor games, fitness center with a sauna and a podcast room. Alta Watkins is Wood Partners’ third development underway in the Raleigh-Durham area in the past 12 months.

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DevelopmentHospitalityTexas

Oldham Goodwin Tops Out 150-Room Hotel in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — Oldham Goodwin Group, a Texas-based development, management and brokerage firm, has topped out a 150-room hotel in the northeastern San Antonio suburb of New Braunfels. The eight-story, 150,000-square-foot building will be operated under the Springhill Suites by Marriott brand. The site is located along the Guadalupe River, and the hotel will connect to the adjacent 125-room Courtyard by Marriott hotel. Amenities will include a pool, fitness center, business center, meeting rooms, boat docks and an onsite restaurant and bar. Niles Bolton Associates is the project architect, and Arch-Con Corp. is the general contractor. Construction began last summer and is expected to be complete in late 2026-early 2027.

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DevelopmentRetailTexas

Kroger to Open 99,000 SF Store at Custer Frontier Marketplace in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Kroger will open a 99,000-square-foot store at Custer Frontier Marketplace, a 170,000-square-foot retail development in McKinney, a northern suburb of Dallas. The Kroger store will include a fuel station, and Custer Frontier Marketplace will also have 54,000 square feet of small-shop and freestanding retail space, along with pad sites. Michelle Caplan and Maggie Hansen of Weitzman represented the landlord in the lease negotiations.

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DevelopmentMississippiSoutheastStudent Housing

Ole Miss, Greystar Break Ground on $101M Residence Hall Development

by John Nelson

OXFORD, MISS. — A public-private partnership between the University of Mississippi (Ole Miss) and Charleston-based Greystar has broken ground on Kincannon Hall, a $101 million residence hall project located on the university’s campus in Oxford. The development — which is scheduled for completion ahead of the 2027-2028 academic year — will offer 1,282 beds in semi-suite configurations. The community is being constructed in partnership with Greystar’s modular construction arm, Modern Living Solutions. Sections of the buildings will be developed in Knox, Pa., and shipped to campus to be assembled onsite. The development team for the project includes WDG Architecture and CDFL. The development was financed through tax-exempt bonds, with Provident Resources Group serving as the borrower of the bonds and project owner. Raymond James acted as bond underwriter for the financing. The project includes a second phase of development, which is expected to deliver additional suite-style units in 2028. Further details on the project were not released.

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