Monday, June 16, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Development

DevelopmentFloridaMultifamilySoutheast

Tortoise Properties Delivers 264-Unit Luxury Apartment Community in Downtown West Palm Beach

by John Nelson

WEST PALM BEACH, FLA. — Tortoise Properties, a locally based development firm, has delivered Tortoise One, a luxury multifamily development in downtown West Palm Beach. The property comprises two eight-story buildings with 264 apartments, nearly 21,000 square feet of amenities and 3,325 square feet of ground-level retail space. Tortoise One’s floor plans range from studios to two-bedroom units ranging from 548 to 1,053 square feet in size. Monthly rental rates range from $2,506 to $4,629, according to Apartments.com. Tortoise Properties recently received its final temporary certificate of occupancy (TCO) for the project. The project team includes property manager Crown Residential, architect MSA Architects, interior designer Builders Design and general contract Verdex. In summer 2022, Acore Capital provided an $88.5 million construction loan for the project.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialNorth CarolinaSoutheast

Jackson-Shaw Breaks Ground on 1.3 MSF Industrial Park in Metro Charlotte

by John Nelson

LANDIS, N.C. — Jackson-Shaw has broken ground on Landis Ridge, a 1.3 million-square-foot industrial park in Landis, a northeast suburb of Charlotte in Rowan County. The Dallas-based developer plans to deliver the project, its first in the Charlotte area, in two separate phases. Phase I is slated for a second-quarter 2025 delivery and will comprise three buildings totaling nearly 600,000 square feet. Situated on nearly 150 acres at 619 Old Beatty Ford Road, the parcel is located midway between US Route 29 and the new exit 65 on I-85. Jackson-Shaw is developing Landis Ridge on a speculative basis with various uses in mind, including third-party logistics occupiers, e-commerce distribution, consumer goods, warehousing and manufacturing. Jay Hill, Spencer Yorke and Matthew Greer of JLL are leading leasing efforts. Compatriot Capital is Jackson-Shaw’s equity partner for Landis Ridge, and Hartford Investment Management Co. (HIMCO) provided construction debt financing. The design-build team includes general contractor Frampton Construction, civil engineer Orsborn Engineering Group and architect Merriman Schmitt Architects.

Continue Reading
FacebookTwitterLinkedinEmail
Westport-45-Houston
DevelopmentIndustrialTexas

Vigavi, Principal Asset Management Break Ground on 728,080 SF Industrial Project in North Houston

by Taylor Williams

HOUSTON — A joint venture between locally based developer Vigavi and Principal Asset Management has broken ground on Westport 45, a 728,080-square-foot industrial project in North Houston. The 42-acre site at 410 West Road is located near the intersection of I-45 and Beltway 8, and the development will feature 40-foot clear heights, speculative office space and 180 trailer parking stalls. Seeberger Architecture is designing the project, and Angler Construction is serving as the general contractor. JLL will market the property for lease. Delivery is slated for early 2025.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaIndustrialSoutheast

PCCP, Stonemont Financial to Develop 100,620 SF Spec Industrial Facility in Tampa

by John Nelson

TAMPA, FLA. — A joint venture between PCCP LLC and Stonemont Financial Group plans to break ground next month on a 100,620-square-foot speculative industrial facility in Tampa. Called TIA Executive Center, the project will be located at 6101 Johns Road, which is within two miles of Tampa International Airport and immediately north of Executive Industrial Park. The property will offer 32-foot clear heights, spec office suites and will be divisible down to around 33,000 square feet to accommodate smaller users. PCCP and Stonemont Financial plan to deliver TIA Executive Center in first-quarter 2025. The project team includes general contractor Frampton Construction, architect Harley Commercial Architecture and civil engineer Kimley-Horn. JLL will handle leasing on behalf of the co-developers.

Continue Reading
FacebookTwitterLinkedinEmail
Depot-on-Main-Burleson
DevelopmentMultifamilyTexas

Realty Capital Residential Completes 275-Unit Multifamily Project in Burleson, Texas

by Taylor Williams

BURLESON, TEXAS — Locally based developer Realty Capital Residential has completed Depot on Main, a 275-unit multifamily project in Burleson, located south of Fort Worth. The five-story building is situated adjacent to the city’s Old Town district at 125 N. Main St. Depot on Main offers one- and two-bedroom units ranging in size from 590 to 1,229 square feet. Amenities include a pool with a tanning deck, coworking lounge, coffee bar, rooftop deck and entertainment terrace, dog park, fitness center and outdoor grilling and dining areas. Monthly rental rates range from $1,325 to $2,260, according to Apartments.com. Merriman Anderson Architects designed the project.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentRestaurantRetailTexas

Emmer & Rye Hospitality Debuts 40,000 SF Food Hall at San Antonio’s Pearl District

by Taylor Williams

SAN ANTONIO — Texas-based restaurant operator Emmer & Rye Hospitality Group has debuted Pullman Market, a 40,000-square-foot food hall within San Antonio’s Pearl District. The culinary destination features four full-service restaurants, fast-casual concepts, an artisan butcher and fishmonger program, various wine and beer selections, Texas-based produce and specialty foods, a seasonal bakery and a fresh pasta program. The four restaurants include Italian concept Fife & Farro, Mexican eatery Mezquite, fine-dining establishment Isidore and dessert bar Nicosi.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestRetail

Chicago Bears Release Plans for $3.2B Stadium Project in Chicago

by Kristin Harlow

CHICAGO — The NFL’s Chicago Bears have released their plans for the development of a new fixed-roof stadium along Chicago’s lakefront. Local media reports state that the project cost is $3.2 billion. Plans call for a publicly owned multipurpose stadium located just south of the organization’s current Soldier Field. The proposal boasts year-round use for recreational and community events and an increase in open and green space, including 14 acres of athletic fields and park space for use by public and youth sports programs. The plan features a three-acre promenade and plaza area, which could include year-round food-and-beverage outlets, retail shops, and a cultural attraction focused on sports and Soldier Field history. A publicly owned hotel could also be included in this portion. The stadium would be capable of hosting large-scale sporting events year-round, including Super Bowls and NCAA Final Fours, as well as entertainment acts. Additional project features include a pedestrian mall and pavilion, a wider variety of food-and-beverage options, more public restrooms, and the preservation of Soldier Field’s historic colonnades, which will remain accessible to fans and continue to honor military personnel. The Bears have pledged to contribute more than $2 billion to the project, representing over 70 …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHealthcareIllinoisMidwest

Skender Breaks Ground on 75,000 SF Lurie Children’s Outpatient Center in Schaumburg, Illinois

by Kristin Harlow

SCHAUMBURG, ILL. — Skender has broken ground on a new 75,000-square-foot outpatient center for Ann & Robert H. Lurie Children’s Hospital of Chicago. Formally named Lurie Children’s Outpatient, Primary Care and Infusion Center, the project will be located at 1895 Arbor Glen Blvd. in Schaumburg. The center will offer primary care, ancillary and diagnostic services, orthotics and prosthetics, laboratory and pharmacy services, as well as an ambulatory infusion center. In addition to its main hospital in downtown Chicago, Lurie Children’s maintains 17 outpatient services locations, six primary care facilities and 10 partner hospitals throughout the Chicago area. The new center in Schaumburg will replace smaller locations in Arlington Heights, Hoffman Estates and Huntley. The project, which will total 40 exam and treatment rooms, is slated for completion in summer 2025. The project team includes architect HKS, structural and mechanical engineer IMEG Corp. and civil engineer V3 Cos.

Continue Reading
FacebookTwitterLinkedinEmail
Brickyards-on-Ellsworth-Mesa-AZ
ArizonaDevelopmentIndustrialWestern

Martens Development Starts Construction of 909,553 SF Brickyards on Ellsworth Industrial Project in Mesa, Arizona

by Amy Works

MESA, ARIZ. — Scottsdale-based Martens Development has broken ground on Brickyards on Ellsworth, an industrial development in Mesa, a suburb east of Phoenix. Completion is slated for second-quarter 2025. Upon completion, Brickyards on Ellsworth will feature eight buildings totaling 909,553 square feet of move-in-ready spaces for industrial tenants. The buildings will range from 35,000 square feet to 250,000 square feet. The project team includes FCL Builders, Ware Malcomb, Hunter Engineering, TLCP and Peterson Associates. Principal Asset Management is the construction lender. Jackie Orcutt, Kevin Cosca, Pete Wentis, Jonathan Teeter and Alex Wentis of CBRE are leading leasing for the development.

Continue Reading
FacebookTwitterLinkedinEmail
Level-Crossing-Phase-3-Surprise-AZ
ArizonaDevelopmentIndustrialWestern

Hardy World, Silver Creek Development Break Ground on 150,615 SF Industrial Project in Surprise, Arizona

by Amy Works

SURPRISE, ARIZ. — Hardy World LLC and Silver Creek Development have broken ground on the Phase III at the Level Crossing master-planned industrial development site in Surprise. Located at 13550 N. Dyasrt Road, the third and final phase will include a 150,615-square-foot speculative warehouse facility. Geared toward logistics and distribution tenants, the warehouse will have the potential to be divided into three tenant spaces for maximum flexibility. ARCO Construction Co. is providing design-build services for the project. The overall Level Crossing plan is slated for completion in early 2025.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts