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Solana-Duarte-Station-Apts-CA
CaliforniaDevelopmentMultifamilyWestern

MBK Rental Living Debuts Solana at Duarte Station Apartment Community in California

by Amy Works

DUARTE, CALIF. — MBK Rental Living has opened Solana at Duarte Station, a five-story apartment community located at 1740 Fasana Road in Duarte. The community offers 292 studio, one-, two-, three- and four-bedroom apartments, ranging from 534 square feet to 2,802 square feet. Each unit features open floor plans, natural light and oversized low-E windows. Select floor plans feature private patios or balconies and walk-in closets. Community amenities include a clubhouse, fitness center and yoga studio, coworking spaces, a pool, game lounge, dog lounge, spa and park, a cabana club and social courtyard equipped with outdoor kitchen and dining areas, fire pits and lounge chairs.

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DevelopmentStudent HousingTexasTop Stories

Subtext, Larson Capital Management to Develop 1,738-Bed Student Housing Project Near Texas A&M University

by John Nelson

COLLEGE STATION, TEXAS — Subtext, a student housing and multifamily owner-operator based in St. Louis, has partnered with Larson Capital Management for a two-phase student housing development near Texas A&M University in College Station. The project will include EVER College Station (176 units, 545 beds) and VERVE College Station (382 units, 1,193 beds), which will be situated across the street from one another in the city’s Northgate Entertainment District, less than two blocks from campus. EVER will rise seven stories at 401 Stasney St. and include 420 parking spaces, while VERVE will rise 21 stories at 311 Stasney St. and feature 882 parking spaces. The properties will feature layouts ranging from studios to five-bedroom apartments, as well as a combined 55,000 square feet of amenity space (29,000 square feet of indoor and 26,000 square feet of outdoor). The specific amenity offerings will include open lounges, study rooms, a coffee bar, mini market, fitness center, sauna, meditation rooms, outdoor fitness spaces, multi-sport simulator, indoor/outdoor bar and kitchen. Other amenities will include a resort-style pool with poolside cabanas, a jumbotron TV and a sky lounge with a spa, as well as outdoor grilling stations, fire pits, a dog run and a game …

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Jefferson-Morningstar-The-Colony
DevelopmentMultifamilyTexas

JPI Breaks Ground on 373-Unit Multifamily Project in The Colony, Texas

by Taylor Williams

THE COLONY, TEXAS — Multifamily developer JPI has broken ground on Jefferson Morningstar, a 373-unit project in The Colony, a northern suburb of Dallas. The garden-style property will offer studio, one-, two- and three-bedroom apartments. Amenities will include a pool, fitness center, dog park, coworking spaces and a clubhouse. JPI is partnering with Nomura Real Estate Development Co. Ltd. and Yoram Avneri, the original owner of the land, on the project. The first residences are expected to be available for occupancy by early 2027.

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Longview-Brooklyn
DevelopmentMultifamilyNew YorkNortheast

Quinlan, GTIS Near Completion of 197-Unit Multifamily Project in Brooklyn

by Taylor Williams

NEW YORK CITY — A partnership between locally based firm Quinlan Development Group and global investment group GTIS Partners is nearing completion of Longview, a 197-unit multifamily project at 380 4th Ave. in the Gowanus neighborhood of Brooklyn. The 17-story building will house parking and retail space and have an affordable housing component. Units will come in one- and two-bedroom formats, and amenities will include a fitness center, gaming lounge, coworking spaces and a rooftop terrace. Los Angeles-based CIT is financing construction of the project, which was first announced in late 2022. Leasing is set to begin in the second quarter.

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DevelopmentIndustrialLoansNew YorkNortheast

Ridgecut Road Breaks Ground on 146,075 SF Spec Industrial Project in Montgomery, New York

by Taylor Williams

MONTGOMERY, N.Y. — New York-based developer Ridgecut Road has broken ground on a 146,075-square-foot industrial speculative project in Montgomery, located about 70 miles northwest of Manhattan. The site spans 13.6 acres, and the facility will be branded I-84 Orange County Logistics Center. Building features will include a clear height of 36 feet, 31 dock doors and parking for 16 trailers and 83 cars. Pratt Design Studio and Premier Design + Build Group are serving as the architect and general contractor, respectively, and JLL is the leasing agent. John Alascio, T.J. Sullivan, Chuck Kohaut and Mitch Rothstein of Cushman & Wakefield arranged $20 million in construction financing for the project through Catal Capital. Completion is slated for the fourth quarter.

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DevelopmentMultifamilyNorth CarolinaSoutheast

Crescent Communities, GID Open 336-Unit Multifamily Property in Morrisville, North Carolina

by John Nelson

MORRISVILLE, N.C. — A joint venture between Crescent Communities and GID has opened Novel Morrisville, a 336-unit multifamily community located at 218 Southport Drive in Morrisville. Situated about 14 miles west of Raleigh, the property is a walkable master-planned community that houses the Wake Competition Center, a practice hockey complex for the NHL’s Carolina Hurricanes. Novel Morrisville features a mix of studio, one-, two- and three-bedroom floorplans, as well as 10 carriage-style townhomes. Unit sizes range from 532 square feet to 2,128 square feet. Monthly rental rates at the complex begin at $1,415, according to Apartments.com. Amenities include a saltwater swimming pool with cabanas, two-story fitness center, community library, clubroom, full-scale indoor rock-climbing wall, walking and biking trails and an onsite Land of a Thousand Hills coffee shop. Crescent Communities Construction was the general contractor. The project architect and interior designer was Hord Coplan Macht, and the civil engineer and landscape architect was Kimley-Horn. U.S. Bank was the project lender.

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Cabana-Kyrene-Tempe-AZ
ArizonaDevelopmentMultifamilyWestern

Greenlight Communities, Holualoa Cos. to Develop 229-Unit Attainable Housing Community in Tempe, Arizona

by Amy Works

TEMPE, ARIZ. — Greenlight Communities, in partnership with Holualoa Cos., will break ground on Cabana Kyrene, a 229-unit attainable rental housing property in Tempe, on March 20. Located at 515 W. Guadalupe Road, Cabana Kyrene will offer 90 studio apartments, 93 one-bedroom units and 46 two-bedroom units.

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CaliforniaDevelopmentRetailWestern

Nintendo to Open 11,000 SF Store in San Francisco

by Amy Works

SAN FRANCISCO — Japanese electronics and video game company Nintendo will open its second store in the United States — and its fifth overall location in the world — in San Francisco in May. Situated in Union Square at 331 Powell Street, Nintendo San Francisco will total 11,000 square feet and offer game systems and games, as well as a shopping experience that will include Nintendo’s characters and worlds. Exclusive products such as accessories, apparel, home goods and souvenirs will be available at the location. The grand opening will be held on Thursday, May 15. Nintendo currently operates one store in New York City and three in Japan.

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DevelopmentKansasLeasing ActivityMidwestRetail

Sierra Opens at Orchard Corners Shopping Center in Lenexa, Kansas

by Kristin Harlow

LENEXA, KAN. — Sierra, a retailer of off-price merchandise operated by the TJX Cos., has opened across the street from Oak Park Mall at Orchard Corners Shopping Center in Lenexa. A grand opening took place Saturday, March 15. Rick Weiser of Block & Co. Inc. Realtors led the build-out of Sierra’s 19,000-square-foot space in partnership with Harmon Construction and CT Architects. The project started with a 37,000-square-foot, former SteinMart property that was split into two to welcome Sierra and Petco. Modifications included a new rooftop, mechanical systems, electrical and gas service, and a new façade. The location marks Sierra’s second in the region. Petco’s space is currently in the drawing stage and is slated for completion in December. David Block of Block & Co. negotiated both the Petco and Sierra lease transactions on behalf of ownership.

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DevelopmentFloridaMixed-UseRetailSoutheast

City of St. Petersburg Halts $1.3B Proposed Development for New Tampa Bay Rays Ballpark After Baseball Team Exits Project

by John Nelson

ST. PETERSBURG, FLA. — Tampa Bay Rays owner Stuart Sternberg has announced that the Major League Baseball team will not move forward with the proposed $1.3 billion stadium in St. Petersburg, which was part of the $6.5 billion redevelopment of the Historic Gas Plant property. Sternberg cited hurricane damages and financing delays in the decision behind exiting the project. Concepts for construction of the new 30,000-seat stadium — which would anchor the broader redevelopment project — were released more than a year ago. Under the previously approved agreement, local governments of St. Petersburg would cover roughly half the cost of the $1.3 billion stadium, while the Rays had a March 31, 2025, deadline to gain public financing for the project, including proof that they could meet their $700 million obligation, according to national media outlets. The Rays were anticipated to play three more seasons at Tropicana Field, but damages from Hurricane Milton in October 2024 rendered Tropicana Field unplayable for the 2025 season. The Rays will now use the New York Yankees’ spring training site in Tampa as their home field this season, while the City of St. Petersburg is advancing on plans to restore Tropicana Field in time for the 2026 …

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