Thursday, June 19, 2025
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DevelopmentMultifamilyNorth CarolinaSoutheast

Swinerton Underway on $97.8M Oxbow Apartment Community in Charlotte

by John Nelson

CHARLOTTE, N.C. — General contractor Swinerton is underway on the development of Oxbow, a $97.8 million apartment community located within The Mill District in Charlotte. Swinerton is constructing the property on behalf of the developer, Space Craft. Upon completion, which is set for fall 2026, Oxbow will total 398 units across six floors and feature 14,300 square feet of ground-floor retail space. Apartments will range from studio to four-bedroom layouts. Amenities will include a gym, rooftop patio, bike storage and a resident courtyard. Swinerton is using cross laminated timber for Oxbow’s façade that was fabricated by affiliate firm Timberlab at its facility in Greenville, S.C.

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DevelopmentFloridaRetailSelf-StorageSoutheast

Futura, Linkvest Capital Deliver 130,000 SF Self-Storage, Retail Facility in Orlando

by John Nelson

ORLANDO, FLA. — Futura and Linkvest Capital have completed the construction of Nona Cove Self Storage, a 130,000-square-foot development featuring self-storage and retail space at 14800 Narcoossee Road in the Lake Nona neighborhood of Orlando. The facility — which comprises 122,000 square feet of self-storage space and 8,000 square feet of retail space — is part of the first phase of Futura at Nona Cove, a 17-acre mixed-use project anchored by a new 260-unit apartment community. Managed by Extra Space, Nona Cove Self Storage includes 1,046-square-foot bays with a gated drive-thru and is currently 57 percent leased.

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AcquisitionsDevelopmentRetailSouth CarolinaSoutheast

Reedy River Retail Arranges Land Sale in Upstate South Carolina for Publix-Anchored Retail Center

by John Nelson

MAULDIN, S.C. — Reedy River Retail at SVN Blackstream has arranged the acquisition of a 10.9-acre development site located at 1116 Ashmore Bridge Road in Mauldin, roughly 10 miles south of Greenville, S.C. The buyer, Atlanta-based Venture South Investments, plans to develop a Publix-anchored shopping center at the site. Dustin Tenney and Daniel Holloway of Reedy River Retail represented the buyer in the $4.6 million transaction. Plans for the site include the development of a 63,000-square-foot retail center anchored by a 45,000-square-foot Publix grocery store, as well as two outparcels. A construction timeline was not disclosed.

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800-Salem-St.-Wilmington-Massachusetts
DevelopmentIndustrialMassachusettsNortheast

Camber Development Breaks Ground on 237,800 SF Warehouse in Wilmington, Massachusetts

by Taylor Williams

WILMINGTON, MASS. — Boston-based Camber Development has broken ground on a 237,800-square-foot warehouse at 800 Salem St. in the northern Boston suburb of Wilmington. Designed by Dacon Corp., the building will feature a clear height of 36 feet, 47 dock positions and parking for 332 cars and 33 trailers. Camber is developing the project in partnership between Connecticut-based Wheelock Street Capital. JLL arranged construction financing for the project, which is expected to be complete before the end of the year.

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Flynn-at-Live-Oak-Dallas
DevelopmentMultifamilyTexas

Conor Commercial Breaks Ground on 327-Unit Multifamily Project in Old East Dallas

by Taylor Williams

DALLAS — Illinois-based developer Conor Commercial, in a joint venture with Globe Corp. and Origin Investments, has broken ground on The Flynn at Live Oak, a 327-unit multifamily project in Old East Dallas. Designed by Merriman Anderson Architects, the five-story building will house studio, one- and two-bedroom units. Amenities will include a pool, fitness center, courtyards, coworking space, a clubroom, dog park and a mini-mart grocery. Cadence McShane Construction, a division of Conor Commercial, is the general contractor for the project, which is slated for a spring 2025 delivery. Wintrust Bank provided construction financing for the project. Greystar will be the property manager.

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DevelopmentIndustrialNorth CarolinaSoutheast

Nestlé Purina PetCare Opens $450M Pet Food Factory in Eden, North Carolina

by John Nelson

EDEN, N.C. — Nestlé Purina PetCare has opened its newest pet food factory in Eden, about 36 miles north of Greensboro, N.C. Situated on 1,350 acres, the $450 million development is the first Nestlé factory in the state and features a vertical dryer, automated warehousing, cold storage and an experience center that showcases modern manufacturing practices for new and prospective workers. The new 1.3-million-square-foot Purina facility involved the repurposing of 80 percent of the former MillerCoors Brewing Plant. North Carolina Gov. Roy Cooper says that the remainder of the brewery’s existing structure could be retrofitted for another manufacturer. Nestlé has hired 300 new positions at the Purina factory with more to come in the near future. Between 2020 and 2025, Nestlé is on track to invest $2 billion in the Eden property and capital expansion projects to enhance its manufacturing footprint. A 24th factory is currently under construction in Williamsburg Township, Ohio, and is expected to be fully operational in the next 12 months.

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Affordable HousingDevelopmentMultifamilyTexas

Banyan Residential, Bridge Complete 289-Unit Mixed-Income Apartment Complex Near Downtown Dallas

by Taylor Williams

DALLAS — Los Angeles-based Banyan Residential, in partnership with Bridge Investment Group, has completed Banyan Flats, a 289-unit multifamily project located at 2022 N. Beckley Ave., just west of downtown Dallas. Floor plans feature micro, studio, one-, two- and three-bedroom units ranging in size from 415 to 1,425 square feet. Roughly half the units are reserved for households earning 80 percent or less of the area median income. Amenities include a pool, fitness center, clubhouse, dog wash and a rooftop deck. JHP Architecture designed the project, and J.P. Morgan provided construction financing. Rents start at $1,345 per month for a studio apartment.

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DevelopmentFloridaIndustrialSoutheast

BBX Logistics, FRP to Develop 213,500 SF Industrial Park in Lakeland, Florida

by John Nelson

LAKELAND, FLA. — A joint venture between BBX Logistics Properties and FRP Development Corp. plans to develop BBX Park at Lakeland, a 213,500-square-foot logistics park in Lakeland. The 22.5-acre project will be located at 8255 State Road 33 N, which is directly north of I-4 and within 50 miles of both Tampa and Orlando. BBX and FRP plan to break ground on the park in the fourth quarter, with delivery and occupancy slated for 2025. The joint venture has tapped Kris Courier of CBRE’s Tampa office to market BBX Park at Lakeland for lease.

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Camelback-303-Logistics-Center-Goodyear-AZ
ArizonaDevelopmentIndustrialWestern

Stevens-Leinweber Begins Construction of Camelback 303 Logistics Center in Goodyear, Arizona

by Amy Works

GOODYEAR, ARIZ. — Phoenix-based Stevens-Leinweber Construction (SLC), on behalf of Brookfield Properties, has started construction of Camelback 303 Logistics Center in the Phoenix suburb of Goodyear. The two-building industrial development will offer 616,100 square feet of Class A industrial space, Class A amenities, and trailer and outdoor storage. Situated at 16395 and 16565 W. Camelback Road, Camelback 303 Logistics will include a 303,500-square-foot Building A and 312,000-square-foot Building B. Each building will feature 36-foot clear heights, LED lighting, 79 dock-high and four drive-in doors and 3,000 amps of power. Additionally, Buildings A and B will also offer 185-foot to 370-foot secured concrete truck courts, parking for 309 to 329 cars and 212 to 214 trailers, and electric vehicle charging stations. Completion is slated for fourth-quarter 2024. The property is located within PV303, a 1,600-acre, master-planned industrial park by Merit Partners. SLC is serving as general contractor and Butler Design Group is serving as project architect. Pat Feeney, Danny Calihan and Tyler Vowels of CBRE are handling leasing for the project.

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Eastmark-Center-Mesa-AZ.jpg
ArizonaDevelopmentIndustrialWestern

Indicap, AECOM-Canyon Partners Complete 1 MSF Phase I of Eastmark Center of Industry in Mesa, Arizona

by Amy Works

MESA, ARIZ. — Indicap, in partnership with AECOM-Canyon Partners, has completed Phase I of the Eastmark Center of Industry in Mesa. The newly opened buildings offer 978,837 rentable square feet of Class A industrial space within a 65-acre industrial park in Mesa’s Gateway Airport submarket. The first phase includes five mid-bay and cross-dock buildings, ranging from 83,347 square feet to 426,569 square feet, with 30-foot to 36-foot clear heights and a parking ratio of 1.28 per 1,000 rentable square feet. Indicap acquired the project site in April 2022 for $48 million, marking the company’s entry into the Phoenix metro. The land purchase included 53 acres for a second phase of development. The project team includes Layton Construction, Kimley-Horn, Deustch Architecture and JLL.

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