REVERE, MASS. — Regional developer Redgate is underway on construction of Gibson Point, a 291-unit apartment community in the Boston suburb of Revere. Gibson Point will offer studio, one-, two- and three-bedroom units. Amenities will include a fitness studio, sauna and cold plunge pools, recovery room, private coworking areas and a lounge with an indoor/outdoor bar, deck and fully equipped kitchen. The property will also feature an onsite restaurant and immediate access to the nearby Gibson Park. Preleasing will begin on June 1, with the first move-ins commencing in September.
SIOUX FALLS, S.D. — GSI has opened The Parkwood, a 133-unit active adult community in Sioux Falls near both the Iowa and Minnesota borders. GSI began preleasing units at The Parkwood in 2023. GSI and its stakeholder team serve as The Parkwood’s developer, property manager and co-owners in partnership with financial partners. GSI is an affiliate of Transforming Age, a national nonprofit organization serving older adults. Omaha-based Ronco Construction was the general contractor.
MANKATO, MINN. — Kraus-Anderson (KA) has broken ground on renovation projects for three elementary schools in Mankato, a city in southern Minnesota. The projects are part of a $105 million building bond passed by Mankato Area School District voters in November 2023. ISG is the project architect. Construction is slated for completion this fall. A $4 million renovation for Roosevelt Elementary will include an 8,132-square-foot addition to the front entry that expands the administrative offices; two new classrooms that will also serve as storm shelters; a new trash enclosure in the parking lot; and the renovation of four bathrooms. A $1.7 million project at Washington Elementary will feature a 4,262-square-foot addition with a new security vestibule; mechanical, electrical and plumbing improvements; and updates to the front office spaces. Bridges Elementary will undergo a $1.1 million renovation to include a 2,373-square-foot addition with a new security vestibule; mechanical, electrical and plumbing improvements; and updates to the front office spaces.
BIRMINGHAM, ALA. — Coca-Cola Bottling Co. United Inc. has announced plans to invest $330 million in the construction of a new office and warehouse facility located in the Kingston neighborhood of Birmingham. Coca-Cola United is a Birmingham-based bottler of Coca-Cola products, and the Coca-Cola Co. does not own any part of the company. Plans for the development include a 150,000-square-foot office complex and a 300,000-square-foot warehouse. The warehouse will feature a Vertique case picking system, which is designed to increase the efficiency of packing cases for order fulfillment. The facility will serve as the Birmingham Coca-Cola sales center, as well as Coca-Cola United’s corporate, Central region and North Alabama division headquarters. The property will also house the company’s Classic Food and Vending arm, customer solutions center and services department. A development timeline was not disclosed. Coca-Cola United purchased the development site in 2013. The land previously housed the Stockham Valves and Fittings plant, which closed in 1998. According to Alabama Gov. Kay Ivey, the project will create up to 50 new jobs and retain over 750 positions. “For over 120 years, Coca-Cola United has been a stand-out member of Birmingham’s business community,” says Ivey. “Coca-Cola United’s landmark growth project will create new …
PEARLAND, TEXAS — Locally based developer Levey Group has broken ground on a 660,000-square-foot industrial project located in the southern Houston suburb of Pearland. Levey Logistics Park will be situated on a 38-acre site near the intersection of South Sam Houston Parkway and Almeda School Road. The development’s two buildings will be able to support rear-load tenants with requirements of 16,500 square feet or more, as well as single-tenant cross-dock users with requirements up to 500,000 square feet. Harvey Builders is the general contractor for the project, which is slated for a second-quarter 2025 completion. Levey Group has tapped Cushman & Wakefield as the leasing agent.
HOUSTON — Simon Property Group will renovate Houston’s Galleria Mall, a 2.4 million-square-foot shopping, dining and entertainment destination. The owner-operator will upgrade various interior and exterior entrances to feature sleek entryways, contemporary LED lighting and ceiling enhancements. The revitalization also includes 155,000 square feet of modern new flooring throughout the property. Renovations will begin this summer and are expected to be complete by early 2025. Simon has invested several hundred million dollars in the Galleria Mall over the course of its ownership, with the last redevelopment taking place in 2017.
ELGIN, TEXAS — General contractor Satterfield & Pontikes is underway on construction of an 84,200-square-foot academic project for the Independent School District of Elgin, an eastern suburb of Austin. Designed by Pfluger Architects, Harvest Ridge Elementary will feature an above-average-sized gym, enhanced security measures, an interior courtyard and a media center. The school will be able to accommodate up to 850 students and is expected to be complete in time for the fall 2024 semester.
TAMPA, FLA. — A public-private partnership between Related Urban Development Group, the Tampa Housing Authority and the City of Tampa has broken ground on Gallery at Rome Yards, an 11-story mixed-income housing project located south of Columbus Drive between Rome Avenue and the Hillsborough River. Eighty percent of the property’s 234 units will be reserved as affordable and workforce housing while the remaining 20 percent will be market-rate apartment homes. Additionally, five apartments on the ground level will be designated as live/work units designed with local artists and entrepreneurs in mind, complete with a storefronts and working areas. Amenities will include a fitness center, walking path with distance markers, workspace for students and remote workers, communal club room, dog park with a nearby dog wash area, ground-floor retail space and a workforce training/small business success center. Related Urban expects to complete Gallery at Rome Yards in December 2026. The property represents Phase I of the Rome Yards master plan, which is the redevelopment of a vacant 18-acre maintenance yard into nearly 1,000 apartments and 33,604 square feet of commercial space.
NASHVILLE, TENN. — A partnership between Hines and Cresset Partners has begun construction on the redevelopment of 429 Houston, a 30,000-square-foot industrial and mixed-use property in Nashville’s Wedgewood-Houston neighborhood. The partnership will transform the property, which Hines purchased in December 2019, into a retail destination with shops and restaurants. The redevelopment will include adding a large, wraparound outdoor patio, expanding the property’s square footage, installing new parking and building systems, executing site infrastructure and improving the property’s landscaping and hardscaping. Additionally, the partners have signed two new tenants — Bodega Taqueria y Tequila and Aba — that will open by mid-2025. Existing tenant Jackalope Brewing Co. will stay in its current 16,200-square-foot space at 429 Houston and remain open throughout the redevelopment.
CARNEYS POINT, N.J. — New York City-based Rockefeller Group has broken ground on an approximately 1.1 million-square-foot industrial project in Carneys Point, located across the Delaware River from Wilmington in Southern New Jersey. Rockefeller Group Logistics Center at Carneys Point will consist of two buildings, one totaling 596,443 square feet and the other spanning 530,000 square feet, on a 141-acre site. Building features will include clear heights of 40 feet and parking for 658 cars and 328 trailers. Sumitomo Mitsui Trust Bank provided $114.8 million in construction financing for the project, which is slated for an early 2025 delivery. M+H Architects designed the project, and FCL Builders is serving as the general contractor. CBRE has been tapped as the leasing agent.