Sunday, July 20, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Development

Hoboken-Connect
DevelopmentMixed-UseNew JerseyNortheast

LCOR Breaks Ground on $900M Mixed-Use Project in Northern New Jersey

by Taylor Williams

HOBOKEN, N.J. — Locally based developer LCOR has broken ground on Hoboken Connect, a $900 million mixed-use project in Northern New Jersey. The waterfront development will consist of a 386-unit apartment complex, a 21-story office building, 5,000 square feet of retail and restaurant space and open public space. Within the multifamily component, 20 percent of the residences will be reserved as affordable housing, while the office building will total 704,355 square feet. Both of these buildings will house various Class A amenities. The development team will also make various infrastructural improvements to the site. A tentative completion date was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Williamsburg-Wharf-Brooklyn
DevelopmentMultifamilyNew YorkNortheast

Naftali Group, Access Industries Underway on 850-Unit Multifamily Development in Brooklyn

by Taylor Williams

NEW YORK CITY — A partnership between locally based developer Naftali Group and holding company Access Industries is underway on construction of Williamsburg Wharf, an 850-unit multifamily development in Brooklyn. The 3.8-acre site is located on Kent Avenue between Division Street and South 11th Street, adjacent to the Brooklyn Navy Yard. Williamsburg Wharf will be a waterfront campus with five 22-story buildings that will also house retail and commercial space. Williamsburg Wharf will also feature an open lawn, public waterfront park, dog run and various walking and biking paths. The first phase is slated for a late 2025 completion.

Continue Reading
FacebookTwitterLinkedinEmail
Baylis-495-Business-Park
DevelopmentIndustrialNew YorkNortheast

Creation, J.P. Morgan Sell Long Island Industrial Facility for $44M

by Taylor Williams

MELVILLE, N.Y. — A joint venture between Creation, a developer with offices in Phoenix and Dallas, and J.P. Morgan Asset Management has sold Baylis 495 Business Park, a 103,500-square-foot industrial facility located in the Long Island community of Melville. Miami-based REIT BentallGreenOak purchased the property for $44 million. The eight-acre site is located about a mile south of the Long Island Expressway, and the building features a clear height of 32 feet, 20 dock doors and two drive-in bays. Marc Duval, Jordan Avanzato, Jason Lundy, Nicholas Stefans, Jose Cruz and Steve Simonelli of JLL brokered the deal. At the time of sale, Baylis 495 Business Park was fully leased to Keurig Dr. Pepper.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialNew JerseyNortheast

Woodmont Properties Completes Renovation of 30,000 SF Industrial Building in Lyndhurst, New Jersey

by Taylor Williams

LYNDHURST, N.J. — Locally based developer Woodmont Properties has completed the renovation of a 30,000-square-foot industrial building in the Northern New Jersey community of Lyndhurst. The building at 2 Terminal Road is used for both storage and distribution purposes. Specific improvements included the installation of a new roof and front entrance; fresh painting of the building’s interior and exterior; new paving and landscaping; and the addition of built-out office space and additional loading doors.

Continue Reading
FacebookTwitterLinkedinEmail
13005-13003-NE-70th-Pl-Kirkland-WA
AcquisitionsDevelopmentMultifamilyWashingtonWestern

JLL Arranges $26.2M Sale of Multifamily Development Site in Kirkland, Washington

by Amy Works

KIRKLAND, WASH. — JLL Capital Markets has arranged the acquisition of a land parcel at the corner lot of 13005 and 13003 NE 70th Place in Kirkland, across Lake Washington from Seattle. Mill Creek Residential purchased the asset from Totem Bowl and Investments for $26.2 million in an off-market transaction. The 139,223-square-foot land parcel currently features the TechCity Bowl building that will be demolished to develop a fully approved, 369-unit, mid-rise multifamily community. Of the 369 units, 36 will be affordable. Additionally, the property will offer 6,700 square feet of retail space and 425 parking stalls. Jordan Louie, Corey Marx, David Young, Chris Ross, Michael Lyford and Reed Curtis of JLL Capital Markets Investments Sales and Advisory represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMidwestMultifamilySeniors HousingWisconsin

Jewish Family Services to Break Ground on 56-Unit Affordable Seniors Housing Community in Wisconsin

by Kristin Harlow

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.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaHospitalityMixed-UseMultifamilyOfficeSoutheastTop Stories

KDC Receives Approval for Two New Towers at Mixed-Use Park Center Development in Dunwoody, Georgia

by John Nelson

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 …

Continue Reading
FacebookTwitterLinkedinEmail
Cubes-at-Locust-Grove_Locust-Grove-Ga
DevelopmentGeorgiaIndustrialLoansProperty TypeSoutheast

Cushman & Wakefield Secures Construction Financing for 500,220 SF Industrial Development in Locust Grove, Georgia

by Hayden Spiess

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. 

Continue Reading
FacebookTwitterLinkedinEmail
Soleste-Midtown_Homestead-Fla
AcquisitionsDevelopmentFloridaMixed-UseProperty TypeSoutheast

EIG, Midtown Group Acquire 20.8-Acre Mixed-Use Development Site in Metro Miami

by Hayden Spiess

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. 

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMixed-UseTexas

Partnership Receives Zoning Approval for Portion of $850M Mixed-Use Redevelopment in Fort Worth

by Taylor Williams

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.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts