BROWN DEER, WIS. — Jewish Family Services Inc. is scheduled to break ground on Woodale Crossing on Thursday, May 16. The 56-unit affordable and supportive seniors housing community will be located at 4114 W. Woodale Ave. in Brown Deer, a northern suburb of Milwaukee. Of the total units, 25 percent will be reserved for persons with disabilities who are in need of support services. Residents will have access to onsite supportive services that include socialization and skill-based programming, social services and independent living support services. Jewish Family Services has a subsidiary, JFS Housing Inc., which develops affordable housing.
DUNWOODY, GA. — The Dunwoody City Council has approved the rezoning of Phase IV of Park Center, a 17-acre, transit-oriented office campus in metro Atlanta. The master developer of the project is KDC, a Dallas-based corporate development and investment firm. The amended zoning will allow KDC to change its plans from a standalone fourth office tower to a two-tower project that will comprise 175 hotel rooms, 300 residential units, 22,000 square feet of retail space and 300,000 square feet of office space. The plan includes two towers on a common podium with a 20-story apartment tower and a combined office and hotel tower, where six floors of hotel rooms will sit atop 12 levels of office space. Phase IV represents the final phase of Park Center and will occupy the last undeveloped portion of the development, which was originally conceived as a 2.2 million-square-foot East Coast hub for State Farm Insurance. The project team includes local architecture firm Cooper Carry. The current campus contains three office towers developed over the past 10 years: the 600,000-square-foot Park Center One, which is directly connected to the Dunwoody MARTA Station; the 621,000-square-foot Park Center Two with more than 39,000 square feet of retail …
LOCUST GROVE, GA. — Cushman & Wakefield has arranged financing for the construction of a 500,220-square-foot speculative industrial building in Locust Grove, roughly 40 miles southeast of Atlanta. Dubbed Building C, the property will be situated at 600 Price Drive within The Cubes at Locust Grove, a master-planned industrial park. The building will feature 40-foot clear heights, 156 trailer parking spaces and 120 docks. John Alascio, Walker Brown, T.J. Sullivan, Claire Oster, Stewart Calhoun, Casey Masters and Ryan Bellows of Cushman & Wakefield secured the financing through Bank OZK on behalf of the borrower. A construction timeline for Building C at The Cubes at Locust Grove was not disclosed.
HOMESTEAD, FLA. — The Estate Cos. (EIG) and Midtown Group have acquired a 20.8-acre development site located in Homestead, approximately 40 miles southwest of Miami, for $14 million. The companies received approval last September to develop Soleste Midtown, a mixed-use project, at the site. Upon completion, the development will comprise 354 residential units, as well as 43,000 square feet of commercial space. Residences will include apartments ranging from 676 to 1,131 square feet within six five-story buildings. Amenities will include a 7,000-square-foot clubhouse, swimming pool and playground. EIG will develop and own the residential portion, with Midtown Group developing and owning the commercial component of the property, which will feature six outparcels situated along a promenade.
FORT WORTH, TEXAS — Westside Real Estate Investors LLC, which is a partnership between Keystone Group and Larkspur Capital, has received approval from the Fort Worth Zoning Commission for a portion of a larger redevelopment project. The Dallas Business Journal and Fort Worth Report both state that the larger project is valued at $850 million. The latter publication reports that the ruling allows for 11.5 acres of the 35-acre site of the former Fort Worth Independent School District to be rezoned from industrial to mixed-use. The project was announced in January, and plans call for multifamily, hospitality, office, retail, restaurant and entertainment uses, as well as public green space. The DBJ reports that the combined footprint of these uses could be approximately 2 million square feet.
PHOENIX — Baker Development has received zoning approval for AZUL, a 72-acre project on the former ON Semiconductor site at 52nd Street and Loop 202 in Phoenix. The site is now zoned for a wide variety of commercial and industrial uses, including corporate headquarters, advanced manufacturing, logistics, hospitals, hyperscales and other quantum computing users. Demolition of the former semiconductor factory is underway and scheduled for completion by fourth-quarter 2024. AZUL plans to develop up to 2 million square feet of corporate campus space on the site.
VERNON, CALIF. — ARCO National Construction’s Pacific Coast division is providing design-build services for a 116,766-square-foot cold storage facility renovation project for Alpine Food Distributing. The site is located in Vernon, a first-ring suburb of Los Angeles. The project includes more than 40,000 square feet of freezer/cooler space, including nearly 10,000 square feet of convertible space capable of accommodating temperatures ranging from negative 10 degrees Fahrenheit to 40 degrees Fahrenheit. There are also 2,455 square feet of production cooler available for produce processing, as well as more than 50,000 square feet of ambient storage. Additional construction details will include a carbon-dioxide refrigeration system, 15 dock positions, 26.5-foot clear heights and nearly 10,000 square feet of office space and break rooms. Alpine Foods plans to begin operations within the facility before the end of this year.
NEW YORK CITY — Locally based investment and development firm Innovo Property Group is underway on construction of a 736,000-square-foot industrial project located at 28-90 Review Ave. in the Long Island City area of Queens. The six-story building, which is designed to accommodate two tenants per floor, will feature a clear height of 32 feet and parking for 166 cars and 118 trailers. Last summer, Innovo received $354 million in construction financing from Axos Bank and Cerberus Capital Management and equity from Goldman Sachs Asset Management. JLL arranged the financing, although details about the amount of each component within the capital stack were not disclosed. The topping out of the complex is slated for later this year. Full completion is scheduled for 2025.
JERSEY CITY, N.J. — Locally based developer Halpern Real Estate Ventures has completed Birch House, a 337-unit apartment community located at 49 Fisk St. in Jersey City’s West Side neighborhood. Designed by Minno & Wasko Architects & Planners, the six-story building houses studio, one- and two-bedroom units and roughly 50,000 square feet of indoor and outdoor amenity space. Other project partners included JRM Construction Management and The Corcoran Group, which is marketing the property for lease. Construction began in late 2021 and topped out in spring 2023.
MCKINNEY, TEXAS — Developer Griffin | Swinerton has broken ground on a 40,000-square-foot hangar building at the 745-acre McKinney National Airport in metro Dallas. The project includes the construction of a 3,200-square-foot inspections building that will expedite the customs process for international travelers. Project partners include architecture firm JRMA, engineering firm Garver and general contractor Swinerton, which is an affiliate of the developer. Completion is slated for May 2025.