BRISTOW, VA. — An affiliate of e-commerce giant Amazon, Amazon Data Services, has acquired a site in Prince William County for a future data center campus. The firm acquired the undeveloped site near Devlin Road and I-66 in Bristow for $700 million, according to Washington Business Journal. CoStar Group reports that Stanley Martin Homes, a Reston, Va.-based homebuilder, sold the 188-acre site to Amazon and that Eastdil Secured represented the land seller in the deal. Washington Business Journal reports that the Prince William Board of County Supervisors rezoned the site for data center development in November 2023 and has since been in a legal dispute, with the Court of Appeals of Virginia recently upholding the county’s original rezoning decision.
PALM BEACH GARDENS, FLA. — Gatsby Florida plans to develop The Modern at Palm Beach Gardens, a 220,000-square-foot office tower in South Florida. The real estate development firm plans to break ground on The Modern in January and deliver the eight-story property in late 2027. Darryl Kaplan of Darryl R. Kaplan Co. is handling the leasing of the project and has preleased approximately 25 percent of the tower’s gross leasable area. Gatsby Florida expects a “rapid lease-up” due to an expected exodus from New York City by major corporations. The Modern will feature a 10,000-square-foot fine dining restaurant, a 4,000-square-foot casual dining eatery and an additional 7,000 square feet of retail space situated under an adjacent 838-space parking garage. Planned amenities include a large rooftop patio with covered seating, a wet bar and restrooms, as well as a fitness center with full-service locker rooms and a media/conference center.
JACKSONVILLE, FLA. — MWI Property Group has delivered a new 192,924-square-foot industrial facility located at 9395 Pritchard Road in Jacksonville. The facility is situated within Westlake Commerce Center, which features a 337,104-square-foot building delivered earlier this year. Guy Preston, Seda Preston and John Cole of Colliers are leading the leasing and marketing efforts at the new facility. The property features 32-foot clear heights, 55 dock-high doors, 100 trailer positions, ESFR fire protection and 2,000-amp power.
JERSEY CITY, N.J. — New York City-based developer BLDG Management has unveiled plans for a 1,300-unit proposed multifamily project at 100 Bay Street in Jersey City. Designed by Pelli Clarke & Partners, the project concept centers on a single residential building that will feature two towers — rising 90 and 40 stories — on a podium base and connected by a 40th floor sky bridge. In addition, the plan for 100 Bay Street includes a 20 percent affordable housing component as well as approximately 29,000 square feet of indoor and outdoor retail space at the ground level. Lastly, the design implements previously approved elements required by Jersey City for this site, pursuant to a development agreement with the property owner, which was approved in a federal court consent order.
WEST VALLEY CITY, UTAH — ViaWest Group, in partnership with GEM Realty Capital, has broken ground on 5400 Commerce Center, an industrial development located at 7301 W. 5400 South in West Valley City. Totaling 470,334 square feet, the project will feature a 97,249-square-foot Building 1, 154,586-square-foot Building 2 and 218,499-square-foot Building 3. Each building will be LEED-certified and feature ESFR sprinkler systems, 32- to 36-foot clear heights and 3,000 amp to 4,000 amp 480/277V power. Matt McAfee, Tom Dischmann, Jeff Richards and Chris Liddell of CBRE are leading the leasing efforts for the project.
CLOQUET, MINN. — Kraus-Anderson Construction has broken ground on a new $18.9 million fire and ambulance headquarters serving the Cloquet Area Fire District in Cloquet, a city in northeastern Minnesota. Designed by LHB Architects, the 35,700-square-foot facility will feature an eight-stall apparatus bay for ambulance, fire and rescue vehicles and equipment. The building will house a two-story administrative and dormitory area, training tower and elevator. The first floor will include offices, conference rooms, a training room, fitness room and personal protective equipment storage. The second floor will include 11 dorms, a kitchen, dining room and day room. A new paved area will be used for training. The project is slated for completion by December 2026.
SPRINGFIELD, N.J. — Locally based developer Garden Communities is underway on construction of Springfield Greens at 40 Church Mall, a 100-unit multifamily project in the Northern New Jersey community of Springfield. The first buildings, which will house a mix of one- and two-bedroom units and various amenities, are now topped off. Completion is slated for late 2026.
NEW YORK CITY — Rudin has extended an existing $425 million CMBS loan backed by 32 Avenue of the Americas, a 27-story office tower in Manhattan’s Tribeca neighborhood. The New York City-based owner-operator has also announced plans for a $100 million capital improvement program at the 1.2 million-square-foot Art Deco property, which also features a prominent data center/carrier hotel component. Rudin will introduce a prebuilt program of new work environments at 32 Avenue of the Americas that will range in size from 5,000 to 10,000 square feet. The company will also upgrade the building’s lobby and renovate its street-level retail space. Lastly, Rudin will create a new leasing/marketing center spanning the entire 25th floor, which also features two outdoor terraces that offer views of the Manhattan skyline. The tower’s mortgage will now mature in November 2029 should Rudin exercise both of its one-year renewal options in 2027 and 2028. Iron Hound Management Co. advised Rudin, which acquired the property in 1999 from AT&T, on the loan modification. The direct lender was not named. Rudin requested that its loan be transferred to an unnamed special servicer two months ahead of its November maturity in order to begin discussions on the loan modification. …
HOUSTON — Busycon Properties has begun the multimillion-dollar repositioning of 910 Louisiana, a 50-story, 1.2 million-square-foot office tower in downtown Houston. Capital improvements will cover various parts of the building’s exterior and will introduce new amenities, including a 9,000-square-foot conference center, fitness and wellness center and a 5,000-square-foot tenant lounge. Hines manages 910 Louisiana, and Partners Real Estate is the leasing agent. Gallant Commercial has been named as the general contractor for the project, which was designed by architecture firm HOK.
SHAWNEE, OKLA. — GF Central Plastics has opened a 150,000-square-foot metals manufacturing facility in Shawnee, an eastern suburb of Oklahoma City. The facility will complement GF Central’s existing 500,000-square-foot plastic and metals manufacturing plant in Shawnee. Project partners included TAP Architecture, Entegrity Energy Partners, Coalign Group, Cedar Creek Inc. and Evans General Contractors. A grand opening ceremony took place in mid-October, and the facility is expected to be fully operational by next April.