Sunday, November 9, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Development

The-Arc-at-The-Ion-District-Houston
DevelopmentLife SciencesOfficeTexas

Rice Real Estate, LPC to Develop 200,000 SF Office, Life Sciences Building in Midtown Houston

by Taylor Williams

HOUSTON — A partnership between Rice Real Estate Co., the property investment arm of Rice University, and Dallas-based Lincoln Property Co. (LPC) will develop The Arc at The Ion District, a 200,000-square-foot office and life sciences property in Houston. The Ion District is a 16-acre academic, research and development and innovation hub in Midtown Houston. Amenities at the new building will include a gym, lounge, conference and meeting spaces and outdoor event plazas. Rice University has committed to occupying 30,000 square feet of office and lab space at The Arc, construction of which is expected to begin in the second quarter of next year and to be complete in early 2028.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Shake Shack to Join Tenant Mix at $5B Centennial Yards Project in Downtown Atlanta

by John Nelson

ATLANTA — Burger chain Shake Shack has signed a long-term lease for a new 3,010-square-foot restaurant at Centennial Yards, a $5 billion mixed-use development underway in downtown Atlanta. CIM Group and affiliate Centennial Yards Co. are transforming the 50-acre site that was locally known as the Gulch into a high-end entertainment and hospitality destination near Mercedes-Benz Stadium (home of the Atlanta Falcons and Atlanta United) and State Farm Arena (home of the Atlanta Hawks). The restaurant will be Shake Shack’s first location in downtown Atlanta and is expected to open next year. Other previously announced tenants joining Centennial Yards include a 5,300-square-foot Live Nation entertainment venue and Cosm, an immersive experiential sports and entertainment operator. Other food-and-beverage options include the Wild Leap brewery and Khao Thai Isan, a Thai tapas concept within The Mitchell residential tower. Shake Shack has previously announced plans to open a restaurant in another sports and entertainment district in Atlanta: The Battery, where it will backfill Wahlburger’s.

Continue Reading
FacebookTwitterLinkedinEmail
Miramar-Harlem
DevelopmentMultifamilyNew YorkNortheast

Partnership Begins Leasing $416M Apartment Complex in Upper Manhattan

by Taylor Williams

NEW YORK CITY — A partnership between LMXD, an affiliate of New York City-based L&M Development Partners, as well as MSquared and Taconic Partners, has begun leasing Miramar, a $416 million apartment complex located at 405-407 W. 206th St. in the Inwood area of Upper Manhattan. The development offers 698 units in studio, one- and two-bedroom floor plans, with private balconies and terraces available in select residences. About half the units are subject to income restrictions, with 40 percent (281 units) reserved as affordable housing for renters earning between 40 and 80 percent of the area median income (AMI), and another 10 percent set aside as workforce housing for households earning up to 120 percent of AMI. Indoor amenities include a fitness center with a yoga studio, coworking lounge with conference space, gaming and media lounges, two private party rooms with wet bars, a multi-sport simulator and a music studio. Outside, residents have access to terraces on both the rooftop and 11th floor that have grilling stations and private dining areas, as well as two landscaped courtyards and an indoor meditation garden on the ground floor. Of the 698 units, 417 are available for immediate occupancy, with market-rate rents starting at …

Continue Reading
FacebookTwitterLinkedinEmail
Long-Beach-Towne-Center-Long-Beach-CA
AcquisitionsCaliforniaDevelopmentRetailWestern

CenterCal Properties, DRA Advisors Buy 870,000 SF Long Beach Towne Center, Plan Redevelopment

by Amy Works

LONG BEACH, CALIF. — CenterCal Properties and DRA Advisors have acquired Long Beach Towne Center with plans to redevelop the 870,000-square-foot property into a prominent retail and entertainment destination. Improvements will include new dining options such as chef-driven restaurants, fast-casual concepts and cafés; new retail brands; outdoor gathering areas with shaded seating, enhanced landscaping, public art and year-round programming; updated entertainment offerings with the addition of boutique fitness, wellness and family-oriented experiences; and renovated signage, lighting, pedestrian pathways and parking areas.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentLoansMidwestMultifamilyWisconsin

CPC Mortgage Provides $16.4M in Financing for 164-Unit Affordable Housing Project in Madison, Wisconsin

by Kristin Harlow

MADISON, WIS. — CPC Mortgage Co., a subsidiary of The Community Preservation Corp., has provided a $16.4 million Freddie Mac Targeted Affordable Housing (TAH) forward commitment for the permeant financing of Taking Shape B1, the first phase of Taking Shape, Our Triangle, a redevelopment project in Madison’s Triangle neighborhood. Developed through a partnership between the Community Development Authority of the City of Madison (CDA) and New Year Investments, Taking Shape B1 will provide 164 affordable housing units at 755 Braxton Place. The project is part of a multi-phase plan to reimagine and revitalize the Brittingham Apartments, Gay Braxton Apartments, Karabis Apartments and Parkside Highrise and Townhomes — collectively known as the CDA Triangle Sites. Key partners in the financing and development of Taking Shape B1 include the Wisconsin Housing and Economic Development Authority, serving as the tax-exempt bond issuer; U.S. Bank, acting as the construction lender; National Equity Fund, the project’s low-income housing tax credit syndicator; and Baker Tilly, providing expertise as the project’s consultant. The 10-acre site is shared with the Bayview Foundation and two medical buildings. All of the units will be designated as affordable for households earning at or below 60 percent of the area median income. …

Continue Reading
FacebookTwitterLinkedinEmail
Palladium-Houston-Ella
Affordable HousingDevelopmentMultifamilyTexas

Palladium Completes $35M Mixed-Income Housing Project in Northeast Houston

by Taylor Williams

HOUSTON — Dallas-based multifamily developer Palladium USA has completed a $35 million mixed-income housing project in northeast Houston. Palladium Houston Ella is a three-story, 146-unit building that houses one-, two- and three-bedroom units. About 78 percent (115) of the units are reserved for renters earning between 30 and 60 percent of the area median income, and the remainder will be rented at market rates. Amenities include a pool, fitness center, conference center, dog park, computer lounge, kid’s play area and a clubroom. Palladium developed the project in partnership with the Harris County Housing Finance Corp. HEDK Architects designed the property, and Brownstone Construction served as the general contractor. Construction began in early 2024.

Continue Reading
FacebookTwitterLinkedinEmail
Residence-Inn-Houston-City-Place
DevelopmentHospitalityTexas

CDC Houston Completes Renovation of Two Hotels Totaling 253 Rooms at City Place

by Taylor Williams

HOUSTON — CDC Houston, a subsidiary of New York City-based Coventry Development Corp., has completed the renovation of two hotels totaling 253 rooms within City Place, a 2,000-acre mixed-use development on the city’s north side. The 128-room Residence Inn Houston City Place, which opened in 2015, now features a redesigned lobby and public spaces with modern seating and improved lighting, as well as contemporary guestroom furnishings. The 125-room Courtyard Houston City Place, which opened in 2016, now features plush seating throughout guestrooms and public areas. Between them, the hotels offer multiple pools and fitness centers, as well as meeting and event spaces and onsite dining options.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMultifamilyNew JerseyNortheast

NJEDA Approves $90M in Tax Credit Equity for Jersey City Multifamily Project

by Taylor Williams

JERSEY CITY, N.J. — The New Jersey Economic Development Authority (NJEDA) has approved approximately $90 million in tax credit equity for a 360-unit multifamily project in Jersey City. A developer doing business as 701 Newark Ave LLC will develop a 34-story building in the Journal Square neighborhood with affordable housing units and roughly 3,000 square feet of ground-floor retail space, as well as a public promenade. The NJEDA awarded the tax credit allocation, which represents about 60 percent of the total project cost, through its Aspire program, which provides gap financing for mixed-use, transit-oriented residential developments.

Continue Reading
FacebookTwitterLinkedinEmail
303-E.-44th-St.-Manhattan
DevelopmentLoansMultifamilyNew YorkNortheast

S3 Capital Provides $80M in Financing for Midtown Manhattan Multifamily Project

by Taylor Williams

NEW YORK CITY — S3 Capital, the lending arm of New York City-based investment firm Spruce Capital Partners, has provided $80 million in financing for the development of a 131-unit multifamily project that will be located in Midtown Manhattan’s Turtle Bay area. The borrower is local developer David Halberstam. The doorman- and elevator-served building at 303 E. 44th St. will offer studio, one- and two-bedroom units and amenities such as a fitness center, rock climbing wall, rooftop pool, coworking lounge and a clubhouse. A portion of the residences will be earmarked as affordable housing. Sitework is underway, and completion is slated for the third quarter of 2027.

Continue Reading
FacebookTwitterLinkedinEmail
Build-to-RentDevelopmentGeorgiaMixed-UseMultifamilySingle-Family RentalSoutheast

Mallory & Evans to Develop $95M Mixed-Use Community in Athens, Georgia

by John Nelson

ATHENS, GA. — Atlanta-based Mallory & Evans has plans to develop The Shoals, a mixed-use development located near University of Georgia in Athens. The $95 million Phase I will feature 285 residences, 456 parking spaces (garage and street), green spaces and more than 20,000 square feet of retail and commercial space. Residences will come in studio to four-bedroom configurations in multiple formats — townhomes, duplexes, cottages, live/work units and single-family homes — and are expected to deliver in 2027. Phase I will span 22 acres of the 90-acre site, which will interface with the Athens Firefly & Greenway Trail system. Ultimately, The Shoals will feature more than 600 residences and commercial space across four connected pocket neighborhoods.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts