OPA-LOCKA, FLA. — The Integral Group has broken ground on Wellspring Apartments, an affordable seniors housing community in the Miami suburb of Opa-Locka. Wellspring Apartments will feature 99 units, 67 of which are reserved for residents earning below 50 percent of the area median income (AMI), and the remaining 32 units are for residents earning below 60 percent AMI. The 81,350-square-foot property will feature a computer and library room, fitness center, community center with a full kitchen, and covered terrace. The project is a public-private partnership between Integral, Miami-Dade County, the City of Opa-Locka and local businesses. PNC Bank is also a partner on the project, providing $13.4 million in equity through Low-Income Housing Tax Credit (LIHTC) funds.
FREMONT, CALIF. — A joint venture between Oaktree Capital Management and Hines Interests has broken ground on Milmont Industrial, an advanced manufacturing and distribution facility in the Bay Area city of Fremont. Located at 49000 Milmont Drive, Milmont Industrial will be redeveloped from three buildings into a 267,000-square-foot industrial building with high clear heights, heavy power, ample parking and loading docks. CBRE is marketing the facility for lease.
TOLLESON, ARIZ. — Phoenix-based Haydon has broken ground on a Vanguard Truck Centers dealership in Tolleson, just west of Phoenix. The project team includes Impact Development Management as the real estate development management firm and Fitzgerald Associates as architect. Situated on 12 acres, the 60,000-square-foot facility will feature 26 service bays in an air-conditioned shop, a 24,000-square-foot parts warehouse, and a state-of-the-art showroom and office area with electric charging capabilities. The facility will also feature Volvo and Mack new truck sales, premium used truck sales, finance and insurance, Vanguard Truck Leasing and comprehensive parts and service offerings.
WINDSOR, ONTARIO AND DETROIT — The construction team for the Gordie Howe International Bridge project has begun the final steps to connect the bridge deck over the Detroit River, connecting the United States to Canada via Detroit and Windsor, Ontario. The remaining portion is 85 feet, the same width as an official NHL rink. The project team anticipates that the two sides will connect at the end of June. Crews must install one more segment on the U.S. side that measures 49 feet before work starts on the final segment, known as the mid-span closure. Once connected, the bridge deck spanning the distance between the two towers will measure 0.53 miles, making it the longest main span of any cable-stayed bridge in North America and the 10th longest in the world. It will also be the longest composite steel and concrete bridge deck for any cable-stayed bridge in the world. Even though it will appear the bridge is completed, there is still work remaining before the bridge opens in fall 2025. Crews will stress stay cables and install electrical, fire suppression and drainage systems, barriers, signage, lighting, deck paving and pavement markings, and complete the multi-use path. Windsor-Detroit Bridge Authority …
VALPARAISO, IND. — Evergreen Real Estate Group has completed Green Oaks of Valparaiso, a $30 million assisted living community for low-income seniors in Valparaiso, a city in northwest Indiana. The three-story project includes 120 units and is located at 2550 W. Morthland Drive. All residences are reserved for seniors age 62 and older, with incomes at or below 60 percent of the area median income. A financial assistance program is available for qualified applicants. Evergreen Construction Co., a division of Evergreen Real Estate Group, served as the general contractor on the development, which received 90 pre-leases prior to opening. Managed by Gardant Management Solutions, Green Oaks of Valparaiso is licensed and regulated as a residential care facility by the Indiana Department of Health and approved as an assisted living Medicaid-waiver provider by the Indiana Family and Social Services Administration. The community is staffed 24 hours by certified nursing assistants who monitor and assess resident health and assist with bathing, grooming, dressing, medication management and other daily needs. Additional offerings include transportation, laundry, weekly housekeeping and onsite beauty/barber services. The onsite dining room provides residents with three meals per day plus snacks. Units include a kitchenette, individually controlled heating and …
COLUMBUS, OHIO — Lucky’s Market has opened a new 21,000-square-foot grocery store at Thurber Village in Columbus. The store opening marks the completion of the commercial component of the Thurber Village redevelopment project, which began construction in October 2022. The initial stages of the project involved the demolition of existing buildings and the construction of a new CVS store. The new Lucky’s Market will feature an extensive range of fresh produce, specialty foods and wellness products as well as a variety of grab-and-go options. CASTO is the project developer.
NEW HAVEN, CONN. — Nonprofit owner-operator Beacon Communities has broken ground on a 76-unit affordable housing project in New Haven. The project will convert a parking lot on State Street and vacant upper-floor spaces on Chapel Street into a complex with studio, one- and two-bedroom apartments and ground-floor commercial spaces. The majority (60) of the units will be affordable to households earning between 30 and 60 percent of the area median income. The other 16 units will serve households that are currently or at risk of experiencing homelessness. Beacon Communities is financing construction of the project through a mix of federal and state tax credits, as well as local incentives and subsidies.
WASHINGTON, D.C. — A joint venture between Rockefeller Group and Stonebridge is underway on the development of 600 Fifth Street Northwest, a $375 million office building project in Washington, D.C. Upon completion, the building, which is situated at the site of the former Washington Metropolitan Transit Authority (Metro) headquarters, will total 400,000 square feet. The property will feature 15-foot ceilings, open-air terraces on every other floor, an energy-efficient glass curtain wall and a ground-level public park. Law firm Crowell & Moring will occupy 199,000 square feet as an anchor tenant of the building, which was 50 percent preleased at the time of topping out, May 20. Stonebridge and Rockefeller signed a 99-year ground lease with Metro in June 2023, breaking ground the same month. A timeline for completion was not disclosed. Clark Construction is serving as the general contractor on the project, which was designed by Pickard Chilton. Kendall Heaton Associates is the architect of record, and Scott Frankel, Carroll Cavanagh, Dimitri Hajimihalis, Emily Eppolito and D.J. Callahan of CBRE manage leasing at the property.
TAMPA, FLA. — Joint venture partners The Bromley Cos. and Highwoods Properties have topped out Midtown East, an 18-story office tower situated within Bromley’s 23-acre Midtown Tampa mixed-use development in Tampa. Upon completion, the property will comprise 430,000 square feet of office and ground-floor retail space. Bromley and Highwoods will jointly own 143,000 square feet, and Tampa Electric and Peoples Gas will own and occupy the remainder of the building. Architecture firm Rule Joy Trammell + Rubio designed Midtown East, which will feature a heat-reflective roof, covered outdoor terraces, floor-to-ceiling glass, high-speed elevators and adaptable floorplans. Completion of the project is scheduled for 2025. Midtown East will serve as the anchor building of the $1 billion Midtown Tampa development, which also comprises residential, hospitality and retail space, as well as the Midtown Commons public space, a dog park, recreational trail and a lake.
ORLANDO, FLA. — BWE has secured $24 million for the construction and permanent financing of Barnett Villas, an affordable housing development in Orlando. Peter Borstelmann and Jim Gillespie of BWE arranged the financing in the form of the purchase of tax-exempt bonds issued by the Florida Housing Finance Corp. (FHFC). The bonds feature a fixed interest rate, as well as three years of interest-only payments. Upon completion, Barnett Villas — which will be located at 1050 Barnett Villas Drive — will comprise 156 units in one-, two- and three-bedroom layouts. Of the units, 78 will be reserved for residents earning up to 60 percent of the area median income (AMI), 39 will be designated for residents earning up to 50 percent of AMI and 39 will be reserved for residents earning up to 70 percent of the AMI. Amenities at the property will include a fitness center, lounge and surface parking. The total project cost is $44.9 million, including $18.2 million in Low-Income Housing Tax Credit (LIHTC) equity syndicated by Enterprise Housing Credit Investments. A construction timeline was not disclosed.