Walker & Dunlop Arranges $43M Financing for Mixed-Use Development in Miami’s Brickell District

MIAMI — Walker & Dunlop has arranged $43 million in construction and acquisition financing for 1 Southside Park, a mixed-use development spanning a full city block in Miami’s Brickell district. The borrower is JDS Development Group, a development firm based in New York City. Aaron Appel, Keith Kurland, Jonathan Schwartz, Michael Diaz, Michael Ianno, Sean Bastian and Ian Hawk arranged the fixed-rate, interest-only loan through Atalaya Capital.Designed by SHoP Architects, 1 Southside …

Ashley Capital Completes Development of Third Spec Industrial Building at Wisconsin’s Enterprise Business Park

STURTEVANT, WIS. — Ashley Capital has completed the development of the third speculative industrial building at Enterprise Business Park in Sturtevant, about 30 miles south of Milwaukee. Located at 11101 Enterprise Way, the building spans 397,000 square feet and is known as Enterprise III. The Class A facility offers LED lighting, an ESFR sprinkler system, a clear height of 36 feet, cross-dock loading and build-to-suit office space. John Sharpe and Tom Boyle of Lee & Associates, along …

Reger Holdings to Develop 425-Acre EastVillage Mixed-Use Project in Austin

AUSTIN, TEXAS — Buffalo-based Reger Holdings will develop EastVillage, a 425-acre mixed-use project that will be located along the Parmer Lane tech corridor in northeast Austin. Both the Austin American-Statesman and Community Impact Newspaper put the value of the project at approximately $1 billion. Current plans call for approximately 800,000 square feet of office space, 300,000 square feet of retail and restaurant space, three hotels totaling 390 rooms, 2,000 multifamily units, an active …

Developers Break Ground on 643,760 SF Spec Industrial Project in Sunnyvale, Texas

SUNNYVALE, TEXAS — Developers Brian Flaherty and Eric Langford, the duo behind the redevelopment of the former Raytheon industrial campus in the northeastern Dallas suburb of Garland, have broken ground on a 643,760-square-foot industrial project in nearby Sunnyvale. The development will consist of two cross-dock buildings with divisibility to 100,000 square feet and 36-foot clear heights that will be built on a speculative basis. Paladin Partners is leasing the project, which is expected to …

Knighthead Funding Provides $42M Construction Loan for Medical Office Building in Queens

NEW YORK CITY — Knighthead Funding, a direct lender with offices in Connecticut and South Florida, has provided a $42 million construction loan for an 84,746-square-foot medical office building that will be located in the Astoria neighborhood of Queens. The borrower was a local partnership doing business as Astoria Crescent Owner LLC. Mount Sinai Health System, which has a hospital across the street, has signed a 30-year lease as the building’s anchor tenant, which brings its preleased …

Klotz, KABR Near Completion of $95M Multifamily Community, The Reef, Near Jacksonville

ATLANTIC BEACH, FLA. — The Klotz Group of Cos. and KABR Group are nearing completion for The Reef, a $95 million apartment community underway in Atlantic Beach, one of metro Jacksonville's beaches. The 456-unit community will span 530,000 square feet across two five-story buildings and a two-story, 13,500-square-foot clubhouse. Rooftop amenities will include a bar, lounge and a resort-style pool. Other amenities will include party patios, a yoga lawn, fitness center, game room, car wash …

Merritt Buys Land in Northern Virginia, Plans Spec Industrial Development

STAFFORD, VA. — Merritt Properties has purchased 28 acres in Stafford with plans to develop Merritt at Austin Ridge, an industrial campus featuring five light industrial buildings spanning 54,500 to 113,775 square feet each. The Ashburn, Va.-based developer expects to break ground on the project in the third quarter as site plans are still being finalized. The park is expected to offer clear heights from 18 to 32 feet, as well as rear-loaded docks, drive-in capabilities, Interstate 95 …

Wendover Breaks Ground on $27.6M Affordable Seniors Housing Community in Orlando

ORLANDO, FLA. — Wendover Housing Partners has broken ground on Hawthorne Park, an affordable seniors housing community in Orlando’s Pine Hills neighborhood. The 120-unit development will replace a former shopping center and become the new anchor for the neighborhood’s town center. Designed for senior residents 55 and older, rents for Hawthorne Park apartments are expected to start at approximately $740 per month for one-bedroom units and $880 per month for two-bedroom units.Hawthorne …

CapRock Partners to Develop Three-Building, 230,262 SF Industrial Park in Southwest Las Vegas

LAS VEGAS — CapRock Partners has completed the acquisition of a 12.9-acre parcel at the junction of South Riley Street and West Hacienda Avenue in Southwest Las Vegas. Additionally, the company has successfully petitioned to rezone of the site to allow for the development of a three-building industrial park.The speculative industrial park will include:A 132,450-square-foot facility with 28-foot clear heights, five grade-level doors and 26 dock-high doors A 75,836-square-foot …

ATCO, Shorenstein Break Ground on Phase II of Camp North End Mixed-Use Project in Charlotte

CHARLOTTE, N.C. — ATCO Properties & Management and Shorenstein Properties LLC have broken ground on Phase II of Camp North End, which will include retail, office and multifamily spaces, as well as a parking garage. The mixed-used development is located on a former industrial site spanning 76 acres in Charlotte’s Druid Hills South district. S9 Architecture is the designer and BB+M Architecture is the architect of record for Camp North End’s second phase, which will include two office …

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