Saturday, February 7, 2026
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DevelopmentLife SciencesMidwestMissouri

Tarlton Begins $100M Redevelopment Project for Washington University Bioscience Hub in St. Louis

by Kristin Harlow

ST. LOUIS — Tarlton is providing preconstruction and construction management services for “Catalyst: Powered by WashU,” a new startup hub for bioscience companies in the Cortex Innovation District from BOBB LLC, an affiliate of Washington University. The $100 million, 163,000-square-foot redevelopment project is located in the Central West End of St. Louis and includes the renovation of the 120,000-square-foot, seven-story former headquarters of MERS Goodwill Industries at 4140 Forest Park Blvd. Tarlton will restore the building, which was occupied by MERS Goodwill Industries from 1944 to 2019. The building was originally constructed for Standard Sanitary Manufacturing Co. and is listed on the National Register of Historic Places. The project also includes the construction of a new 50,000-square-foot, four-story addition. Three new elevators will access laboratory and office spaces. The ground-floor lobby will feature a coffee bar and common meeting spaces. HOK is the project architect.

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DevelopmentIllinoisLoansMidwestMultifamily

Maverick Secures $13.5M Construction Loan for Apartment Building in Evanston, Illinois

by Kristin Harlow

EVANSTON, ILL. — Maverick Commercial Mortgage Inc. has arranged a $13.5 million stretch senior construction loan for a 30-unit apartment building in Evanston. A Midwest-based debt fund provided the loan. The borrower acquired the site, previously a parking lot, in 2024. The project site is located four blocks west of Northwestern University. Completion is slated for spring 2027.

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DevelopmentIllinoisLeasing ActivityMidwestOfficeRetail

Inspired by Somerset Development Launches Leasing for West Side of Bell Works Chicagoland

by Kristin Harlow

HOFFMAN ESTATES, ILL. — Inspired by Somerset Development has launched leasing for the West Side of Bell Works Chicagoland in Hoffman Estates. The project’s first phase has reached 98 percent occupancy. The former AT&T campus now features a mix of office, retail, dining, residences and hospitality. The redeveloped West Side will include more than 500,000 square feet of new space, including 430,000 square feet of traditional office space with approximately 35,000 square feet dedicated to 16 fully furnished “Ready-to-Wear” suites. These suites are available for flexible short- and long-term leases ranging from 1,000 to 4,000 square feet. A conference center with five conference rooms will accommodate up to 370 people. There will also be 70,000 square feet of retail space. Completion of the West Side is slated for the third quarter of 2026. The East Side now has only 10,000 square feet of space remaining, including an 1,800-square-foot “Ready-to-Wear” suite and two office spaces. Following recent leases from Arjo, Convergint and WT Group, a combined 785 additional employees are at the campus on a daily basis.

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AcquisitionsAffordable HousingDevelopmentMultifamilyTexas

Fairstead Announces $242M Acquisition, Rehabilitation of Houston Affordable Housing Property

by Taylor Williams

HOUSTON — Fairstead, an affordable housing owner-operator based in New York City, has announced the $242 million acquisition and rehabilitation of Haverstock Hills, a 700-unit affordable housing property in Houston’s East Aldine neighborhood. Haverstock Hills comprises 44 two- and three-story buildings on a 22-acre site. Residences include a mix of studio, one-, two- and three-bedroom units, all of which are reserved for households earning 60 percent or less of the area median income. Fairstead plans to upgrade unit interiors, building exteriors and common areas, as well as enhance the amenities via an updated clubhouse, outdoor playground, laundry facilities and a business center. Fairstead will also invest in new safety and security measures across the property. Rainbow Housing Corp. will continue to provide onsite social services for residences of Haverstock Hills.

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Lake-Vista-Technology-Park-Lewisville
DevelopmentIndustrialTexas

Trammell Crow, PGIM Break Ground on 316,333 SF Industrial Project in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — A partnership between local developer Trammell Crow Co. and PGIM Real Estate has broken ground on Lake Vista Technology Park, a 316,333-square-foot industrial project that will be located in the northern Dallas suburb of Lewisville. The 20-acre site is located at the southwest corner of I-35 and State Highway 121, and the development will consist of three buildings that will range in size from 66,820 to 126,693 square feet. All three buildings will feature rear-load configurations and 32-foot clear heights. Alliance Architects is designing the project, and Peinado Construction is the general contractor. Halff is the civil engineer, and CBRE is the leasing agent. Comerica Bank is funding construction, which is expected to be complete in late 2026.

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Premier-at Dallas-Midtown
DevelopmentMultifamilyTexas

Anthem Begins Construction on 296-Unit Multifamily Project in North Dallas

by Taylor Williams

DALLAS — Locally based firm Anthem Development has begun construction on Premier at Dallas Midtown, a 296-unit multifamily project that will be located on the site of the former Valley View Mall on the city’s north side. The development will feature studio, one- and two-bedroom floor plans that will range in size from 500 to 1,400 square feet. Amenities will include a pool, fitness center, sky lounge, game room, dog run and a business center with private workstations and a conference room, as well as 13,500 square feet of retail space. Cross Architects designed the project. NexBank is financing construction, which is expected to be complete in 2027.

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Build-to-RentDevelopmentSingle-Family RentalTexas

Wan Bridge Underway on 218-Unit Build-to-Rent Project in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — Wan Bridge, a Texas-based developer of build-to-rent residential communities, is underway on construction of West End Estates, a 218-unit project located northeast of San Antonio in New Braunfels. West End Estates will feature 1,200- to 1,800-square-foot townhomes and amenities such as a clubhouse, pool, sports courts and a playground. Roughly 15 percent of the residences are now complete, and a grand opening event is planned for early next year.

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Affordable HousingDevelopmentMultifamilyNew YorkNortheast

Gilbane to Develop $193M Affordable Housing Project in The Bronx

by Taylor Williams

NEW YORK CITY — Gilbane Development will build a $193 million, 266-unit affordable housing project in The Bronx. Designed by Aufgang Architects and developed on the site of a former parking lot, Renova West at 860 Concourse Village East will be a two-building project with 148 studios, 60 one-bedroom units, 47 two-bedroom residences and 11 three-bedroom apartments. Information on rent restrictions was not disclosed. Amenities will include a fitness center, laundry and package rooms, recreational lounge, an outdoor courtyard and a social services suite with offices and a conference room. The project will also feature a 7,818-square-foot commercial space that will be occupied by the Institute for Community Living. Gilbane is developing the property in partnership with the Institute for Community Living Inc. and Tredway, as well as New York City’s Department of Housing Preservation and Development and Housing Development Corp. Construction is scheduled to begin next year and to be complete sometime in 2027.

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ArizonaDevelopmentRetailWestern

Diversified Partners to Develop 120,000 SF Retail Project in Surprise, Arizona

by Amy Works

SURPRISE, ARIZ. — Diversified Partners has unveiled plans to develop a new 120,000-square-foot retail development within the master-planned community of Prasada in Surprise, roughly 30 miles northwest of Phoenix. The project will feature 16 acres of pad sites, shop space, auto and storage opportunities, as well as ground lease and build-to-suit options. Current confirmed tenants include a convenience store with an attached gas station, national drive-thru restaurant brands and a veterinary clinic, with additional tenants in negotiations across dining, wellness, automotive and lifestyle categories. Delaney McGroarty of Diversified will handle leasing at the property, which was designed by RKAA Architects.

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DevelopmentGeorgiaMixed-UseMultifamilySoutheast

Crescent Communities to Develop 303-Unit Apartment Community at North DeKalb Mall Redevelopment Project

by John Nelson

DECATUR, GA. — Crescent Communities plans to begin construction this month on NOVEL Lulah Hills, a 303-unit apartment community in Decatur. The six-story community, which will feature nearly 40,000 square feet of retail space on the ground level, is a multifamily component within Lulah Hills, EDENS’ 78-acre mixed-use redevelopment of the former North DeKalb Mall. The apartment community will offer a mix of studio, one-, two- and three-bedroom apartments, as well as a pool with cabanas, a beer and game garden, outdoor dining spaces, flexible space for workshops and events, a craft closet, stocked dining pantry and a terrace with firepits and lounge seating. The overall Lulah Hills project, delivered over multiple phases in the coming years, will offer approximately 300,000 square feet of retail and restaurants, a Publix grocery store, 1,800 residential units and multiple green spaces. Crescent Communities plans to deliver NOVEL Lulah Hills in late 2027.

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