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DevelopmentIllinoisIndustrialMidwest

Contegra Completes 611,000 SF Warehouse for McLeod Express in Decatur, Illinois

by Kristin Harlow

DECATUR, ILL. — Contegra Construction has completed a 611,000-square-foot warehouse for transportation company McLeod Express in the central Illinois city of Decatur. The project marks the second warehouse for the family-owned company, supplementing its existing warehouse operations from a 100,000-square-foot facility that McLeod has owned and operated since 2001. The new building is located about one mile from the I-72 exchange and three miles from the Midwest Inland Port. Situated on a 37-acre site at 3960 E. Mound Road, the project features a clear height of 36 feet, 56 dock doors, four drive-through doors and parking for 63 cars and 64 trucks. The building also houses a two-story, 6,000-square-foot office space. McLeod manages a fleet of more than 300 trucks and 900 trailers.

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CivicDevelopmentHealthcareKansasMidwest

Icon Structures Underway on Adaptive Reuse Project for Community Crisis Center in Wichita, Kansas

by Kristin Harlow

WICHITA, KAN. — General contractor Icon Structures is underway on an adaptive reuse project for Sedgwick County Government in Wichita. The project that will convert a 105-year-old building that formerly housed a car dealership into the new COMCARE Community Crisis Center (CCC). The development will expand access to mental health services and consolidate the county’s services into a single building adjacent to the new Wichita Biomedical Campus (WBC). Helix Architecture + Design is leading the transformation. Helix is also part of the architecture and interiors team, along with CO Architects, for the WBC, a joint initiative of the University of Kansas Medical Center, Wichita State University and WSU Tech to establish a regional health sciences educational hub. Once operational, the CCC will offer WBC students hands-on clinical mental health training and possible career internships. The building will transition COMCARE, a certified community behavioral health clinic, from a residential facility to a new level of care as a crisis intervention center (CIC), providing stabilization services to those with more serious mental health needs. The CIC will allow for a centralized 9-8-8 suicide and crisis lifeline call center operations and 24/7 access to medical providers. It will also accommodate mental health services …

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DevelopmentLoansMultifamilyNew YorkNortheastTop Stories

JLL Arranges $175M Construction Loan for Brooklyn Apartment Tower

by Kristin Harlow

NEW YORK CITY — JLL Capital Markets has arranged $175 million in construction financing for 155 Third Street, a 22-story, 300-unit apartment tower to be built along the Gowanus Canal in Brooklyn. JLL secured the loan on behalf of the borrower, locally based Monadnock Development. Situated at the confluence of the Carroll Gardens, Gowanus, Park Slope and downtown Brooklyn neighborhoods, 155 Third Street will encompass more than 250,000 net rentable square feet, including 225 market-rate apartments, 75 affordable housing units and more than 30,000 square feet of retail, artist and commercial space. The project is vested in the Affordable New York (421-a) tax abatement. Completion is slated for the fourth quarter of 2027. Amenities will include a pool and terrace, sky lounge, fitness and yoga studios, coworking spaces, a cocktail lounge with fireplace, movie and party rooms and multiple outdoor areas with views of New York Harbor and downtown Brooklyn. The development’s retail frontage along the Gowanus waterfront will tie directly into the planned 7-acre Gowanus Greenway Esplanade, which is part of the larger Brooklyn Waterfront Greenway, a protected route for pedestrians and cyclists connecting the neighborhoods, parks and open spaces of Brooklyn’s waterfront. The project site is also steps …

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DevelopmentMixed-UseTexas

Russell Glen Co. Receives $23.5M Economic Development Grant for South Dallas Mixed-Use Project

by Taylor Williams

DALLAS — Locally based developer Russell Glen Co. has received a $23.5 million economic development grant from the City of Dallas Council to fund infrastructural improvements related to a 90-acre mixed-use project in South Dallas. Known as Rivulet and located directly across from the University of North Texas at Dallas, the development is planned to feature approximately 300 single-family homes, 240 apartments and a 20-acre commercial district. The latter component will include a neighborhood grocery store, retail shops, restaurants, office space and a public library/innovation center. Construction is expected to commence in 2026. Russell Glen is developing Rivulet in partnership with Civitas Capital Group and Republic Property Group.

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DevelopmentHospitalityLoansMixed-UseMultifamilyOfficeSoutheastTennessee

Vastland Obtains $130M Construction Financing for VOCE Hotel & Residences Project in Nashville

by John Nelson

NASHVILLE, TENN. — Vastland Co. has obtained a $130 million construction loan for VOCE Hotel & Residences, a 25-story mixed-use development located at 1717 Hayes St. in Midtown Nashville. BayBridge Real Estate Capital arranged the loan through Atlanta-based Peachtree Group. Upon completion, VOCE Hotel & Residences will feature 192 private residences, 114 luxury hotel rooms, 60,000 square feet of boutique office space and more than 40,000 square feet of amenities, including a rooftop dining experience. The design-build team includes BL Harbert International (general contractor), The Preston Partnership (architect), ID & Design International (interior design), RH (custom design), Civil Site Design Group (civil engineer) and HDLA (landscape architect). Vastland and the project team plan to break ground next week and deliver the project in fall 2027. Christy Fewin of Vastland is leading sales for the residences, which at full capacity has a total sellout value of $360 million. Pre-sales have already eclipsed 50 percent of available units, according to Vastland.

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DevelopmentGeorgiaMultifamilySoutheast

Atlas Opens 192-Unit Hawkins Apartments in Chamblee, Georgia

by John Nelson

CHAMBLEE, GA. — Atlas Real Estate Partners has opened The Hawkins, a 192-unit apartment community located at 3311 Hood Ave. in Chamblee, a northeast suburb of Atlanta. The property is situated adjacent to DeKalb-Peachtree Airport and is currently 63 percent occupied. The project team included FIDES Development, New South Construction, Nelson Architects and Banko Design, and Greystar is providing property management services. The Hawkins offers a mix of studio, one-, two- and three-bedroom residences, with monthly rental rates ranging from $1,558 to $3,069, according to Apartments.com. Amenities include a sky lounge overlooking the airport, coworking spaces, an indoor/outdoor fitness center, resort-style swimming pool and dog spa facilities. The Hawkins will eventually feature ground-floor retail space and a grab-and-go market, according to Atlas.

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DevelopmentMultifamilyTexas

OHT Partners, Crow Holdings Break Ground on 336-Unit Multifamily Project in Metro Houston

by Taylor Williams

CLEAR LAKE, TEXAS — A joint venture between Houston-based OHT Partners and a fund advised by Crow Holdings Development has broken ground on a 336-unit multifamily project in Clear Lake, located southeast of Houston. Designed by Meeks + Partners, the property will offer one- or two-bedroom units that will range in size 689 to 1,072 square feet. Amenities will include a pool, coworking space, fitness center, clubroom with a kitchen, package lockers, and a dog park/pet spa. Construction is slated for a third-quarter 2027 completion.

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AcquisitionsDevelopmentIndustrialTexas

Younger Partners Negotiates Sale of Industrial Development Site in Waskom, Texas

by Taylor Williams

WASKOM, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of an industrial development site in Waskom, located near the Texas-Louisiana border. The site spans 20 acres on the north side of I-20. Ben McCutchin of Younger Partners represented the seller, Johnson Investments, in the transaction. The buyer, JF3 Properties LLC, plans to construct an equipment yard for the existing business on the site.

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DevelopmentKansasMidwestMultifamily

Thompson Thrift Breaks Ground on 303-Unit Apartment Complex Near Kansas City

by Kristin Harlow

OVERLAND PARK, KAN. — Thompson Thrift has broken ground on Canopy Flats, a 303-unit apartment complex located along Metcalf Avenue in the Kansas City suburb of Overland Park. The project will offer one-, two- and three-bedroom units averaging 1,085 square feet. Residents are expected to move in during spring 2027. Amenities will include a fitness center, golf simulator studio, heated swimming pool, outdoor movie wall, pet spa and conference room.  

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AcquisitionsDevelopmentLife SciencesNorth CarolinaSoutheast

Ypsomed Buys Life Sciences Facility in Metro Raleigh, Plans $250M Biomedical Manufacturing Project

by John Nelson

HOLLY SPRINGS, N.C. — Ypsomed, a Swiss manufacturer of injection systems for the self-administration of insulin and other liquid medicines, has purchased a life sciences facility in Holly Springs, a suburb of Raleigh. The firm purchased Building H within The Yield Holly Springs from the developer, Charlotte-based Crescent Communities, for $31.5 million. Ypsomed plans to invest $250 million to establish the 110,000-square-foot property as its first manufacturing facility in the United States. Ypsomed plans to customize Building H to be operational in 2027.

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