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Sol-Cypress-San-Antonio
DevelopmentHospitalityTexas

Paradigm Management Completes $11M Renovation of San Antonio Hotel

by Taylor Williams

SAN ANTONIO — Locally based owner-operator Paradigm Management has completed the $11 million renovation of Sol Cypress, a 131-room hotel in San Antonio’s River Walk district. Designed by San Antonio-based DTM Architects and Los Angeles-based KNA Design, the hotel is part of the Tribute Portfolio Hotel by Marriott family of brands and is named after the Texas Bald Cypress trees that have long lined the banks of the San Antonio River. The renovation lasted 24 months. Paradigm has rebranded the property as a Wyndham Garden Inn. Amenities include an onsite restaurant and bar, dog park and 4,000 square feet of meeting and event space.

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DevelopmentIndustrialSoutheastVirginia

LS GreenLink Closes on Land Acquisition in Chesapeake, Virginia for New $681M Power Cable Manufacturing Facility

by John Nelson

CHESAPEAKE, VA. — LS GreenLink USA Inc., a subsidiary of LS Cable & System Ltd., has closed on the purchase of 96.6 acres in the Hampton Roads city of Chesapeake. Situated along the Elizabeth River near the Port of Virginia, the site will house a new submarine power cable manufacturing facility spanning 750,000 square feet and a 660-foot VCV (vertical continuous vulcanization) tower that is expected to be the tallest structure in the state upon completion. LS GreenLink plans for the new facility to involve more than $681 million in investment and to be fully operational by early 2028. The company will manufacture insulated power cables at the facility that will be used to connect offshore wind farms, such as the Coastal Virginia Offshore Wind (CVOW) project underway off the coast of nearby Virginia Beach. Construction on the new manufacturing facility, which was announced last year, will take place this month. LS GreenLink plans to use roughly half of the newly acquired site for the manufacturing facility and VCV tower, reserving the remaining land for future phases of development. Woods Rogers Vandeventer Black PLC and JLL represented the seller, International Bio-Energy Virginia Real Estate LLC, in the land sale. K&L …

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DevelopmentMixed-UseSoutheastTennessee

Ridgeline, Deep Cove to Begin Construction on Bend at Capitol District Mixed-Use Project in Nashville

by John Nelson

NASHVILLE, TENN. — A partnership between Chicago-based co-developers Ridgeline Development Partners and Deep Cove Partners plans to break ground this month on The Bend at Capitol District, a mixed-use development that will span nearly 550,000 square feet in Nashville. The nearly three-acre project is the second phase expansion of the TownePlace Suites at North Capitol development that was completed in 2020. The Bend will comprise an eight-story, 188-room Moxy Capitol District hotel; 17,000 square feet of shops and restaurants within an interconnected paseo; and a 10-story residential building that will house both The Delle at The Bend-Apartments by Marriott Bonvoy (128 extended stay units) and The Residences at The Bend (133 apartments). The Bend’s design-build team includes Nashville-based Smith Gee Studio (architect), New York-based S9 Architecture (architect), Skanska USA (general contractor), RaganSmith Associates (engineer), Power Management Corp. (engineer), JLL (project manager) and The Gettys Group (interior designer).

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DevelopmentFloridaIndustrialSoutheast

Miller Construction Breaks Ground on 112,000 SF Warehouse in Orlando

by John Nelson

ORLANDO, FLA. — Miller Construction has broken ground on a new 112,000-square-foot warehouse at 5711 N. Pine Hills Road in Orlando. The $20.7 million project is dubbed First Pine Hills and will serve as a build-to-suit facility for Addison HVAC LLC. Miller Construction is the general contractor for the project, which First Industrial Realty Trust is developing. Other members of the design-build team include C4 (architect and MEP engineer), Mendieta Structural Consulting Inc. (structural engineer) and Oxbow Engineering (civil engineer). Situated west of I-4, the new facility will feature tilt-wall construction, structural steel and a TPO roof. The project is expected to deliver in the third quarter.

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Koz-Alderwood-Lynnwood-WA
DevelopmentMultifamilyWashingtonWestern

Kōz Development, MSquared Open 199-Unit Multifamily Property in Lynnwood, Washington

by Amy Works

LYNNWOOD, WASH. — Kōz Development and MSquared have opened Kōz on Alderwood Mall Blvd, a mixed-income, transit-oriented apartment community at 4301 Alderwood Mall Blvd. in Lynnwood. The $54 million project is located adjacent to the recently opened Lynnwood Transit Center, the northern terminus of the Sound Transit Link rail extension connecting Lynnwood to downtown Seattle. Kōz on Alderwood offers 199 studio, one-bedroom and two-bedroom apartments. Half of the homes are affordable for households earning up to 80 percent of the area median income and the other half are market-rate units. Developed by Kōz Development, the project was financed with $35 million in debt from Coastal Community Bank, $13 million in equity from MSquared and $6 million in equity from Kōz Development investors. Kirtley Cole led construction of the community.

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Building-A-Mary-Ellen-McCormack-Boston
Affordable HousingDevelopmentMassachusettsMultifamilyNortheast

WinnCos., BHA Begin Construction on $70M South Boston Affordable Housing Project

by Taylor Williams

BOSTON — A partnership between regional multifamily owner-operator WinnCos. and the Boston Housing Authority (BHA) has begun work on a $70 million affordable housing project in South Boston. The 94-unit building, which carries a price tag of $62 million, will be constructed as part of the initial phase of the redevelopment of the 1,016-unit Mary Ellen McCormack public housing development, which originally opened in 1938. The partnership plans to invest another $8 million in infrastructure upgrades. Units at the new building will primarily come in one-, two- and three-bedroom floor plans. Bank of America provided the construction loan for Building A and is also the tax credit equity investor on the project. Once Building A is completed in late 2026, construction will begin on Building B, which will offer 300 mixed-income apartments, and Building C, which will offer 196 mixed-income apartments, with 172 units reserved for seniors aged 62 or older. In all, eight new residential buildings totaling 1,310 units will be built over the course of a decade during Phase I of the redevelopment, replacing 529 aging public housing apartments for BHA households and creating 781 additional apartments for middle-income and market-rate renters. Existing buildings will be demolished to …

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DevelopmentKansasMidwestMultifamilySeniors Housing

Brinkmann Constructors Breaks Ground on 89-Unit Senior Living Building in Overland Park, Kansas

by Kristin Harlow

OVERLAND PARK, KAN. — Brinkmann Constructors has broken ground on a five-story building at the Tallgrass Creek Senior Living campus in the Kansas City suburb of Overland Park. Maryland-based Erickson Senior Living is the developer. The 173,000-square-foot property marks Brinkmann’s fifth residential building in Neighborhood Two at the Tallgrass Creek campus. As the final residential addition to the campus, the new building will feature 89 units built over a podium deck with below-grade parking. Lantz-Boggio Architects PC is the architect.

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DevelopmentLeasing ActivityOregonRestaurantRetailTop StoriesWestern

Dutch Bros Coffee Aims to Double Store Count to 2,029 Locations by 2029

by John Nelson

GRANTS PASS, ORE. — A little over a month after unveiling its 1,000th retail location, drive-thru coffee chain Dutch Bros Inc. (NYSE: BROS) is expanding its operations with goals to reach 2,029 shops by 2029. Originating in 1992 as a pushcart by the railroad tracks in downtown Grants Pass, Dutch Bros opened its first franchise in 2000. Dutch Bros Coffee now has a significant presence in the Pacific Northwest and is expanding with more locations across the United States, moving eastward to Florida, Texas, Oklahoma and Georgia. Looking further out, Dutch Bros sees potential for 7,000-plus locations nationwide, up from its original estimate of 4,000 shops. In 2025 alone, the company expects to open “at least” 160 new stores. The company recently hired former YUM! Brands executive Brian Cahoe as chief development officer to oversee the expansion strategy. The Dutch Bros management team recently provided updates on the business and its long-term growth goals at its Investor Day meeting last week. “We are pleased to deliver quarter-to-date first-quarter same-shop sales above our expectations, supported by positive traffic and strong business momentum,” says Christine Barone, CEO and president of Dutch Bros. Through March 24, same-store sales increased 4.6 percent in the …

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The-Penny-on-College-Main
DevelopmentMultifamilyStudent HousingTexas

Pinecrest Breaks Ground on 605-Bed Student Housing Project Near Texas A&M University

by Taylor Williams

COLLEGE STATION, TEXAS — Pinecrest has broken ground on The Penny on College Main, a 605-bed student housing project that will be located at 415 College Main St. near the Texas A&M University campus in College Station. The property will offer 199 units in studio, one-, two-, three-, four- and five-bedroom configurations with bed-to-bath parity, including townhomes. Shared amenities will include multiple study spaces, a resort-style pool, pickleball court, fitness center, package lockers, an automated market and a pet relief area and washroom. The development team for the project, which is scheduled for completion in summer 2027, includes Rhode Partners, Rycon Construction, Mitchell & Morgan and Rhode Interior Design. CIBC USA and First Bank of Chicago provided construction financing for the development.

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Residences-at-Kingwood-East
DevelopmentMultifamilyTexas

High Street Residential, Daiwa House Complete 181-Unit Multifamily Project in Metro Houston

by Taylor Williams

KINGWOOD, TEXAS — High Street Residential, in a joint venture with Japanese homebuilder Daiwa House Group, has completed a 181-unit multifamily project located on the northern outskirts of Houston in Kingwood. Residences at Kingwood East, formerly known as Reserve at West Lake, consists of 109 townhomes and 72 apartments. The property represents the second phase of a larger development that comprised 240 apartments and 49 townhomes and was recently completed. Residences come in one-, two- and three-bedroom formats. Apartments have an average size of 1,046 square feet, and townhomes have an average size of 1,530 square feet. Amenities include a pool, grilling areas, fitness center, resident lounge and an entertainment kitchen. Rents start at $1,500 per month for a one-bedroom apartment. W Partnership served as the project architect, and Arch-Con Corp. was the general contractor. Additional project partners include engineering firm Kimley-Horn, KW Landscape Architects and Compass Design. Sumitomo Mitsui Trust Bank financed construction of the project.

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