Wednesday, July 23, 2025
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Development

Affordable HousingDevelopmentLoansMultifamilySouth CarolinaSoutheastWalker & Dunlop

Walker & Dunlop Arranges $62M Construction Financing for Multifamily Development in Columbia, South Carolina

by John Nelson

COLUMBIA, S.C. — Walker & Dunlop has arranged $62 million in debt and equity financing for the construction of Burnside Farms Apartments, a new 308-unit multifamily development in Columbia. The borrowers, South Coast Property Investments and Abacus Capital, plan to break ground in June. Jamie Butler, Cliff Ayers, Michael Bowles and Jason McFadden of Walker & Dunlop arranged the non-recourse financing on behalf of the borrowers. The apartment community will feature a mix of market-rate and affordable housing units. The property will be situated at the intersection of Cliff Kinder and Pineview roads within the larger Burnside Farms master-planned community.

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DevelopmentGeorgiaMultifamilySoutheast

SHR Resi Delivers 212-Unit Howell Apartments in Atlanta’s Upper Westside District

by John Nelson

ATLANTA — SHR Resi, a wholly owned subsidiary of local development firm Songy Highroads, has delivered The Howell, a 212-unit luxury apartment community in Atlanta’s Upper Westside neighborhood. Situated off the I-75 exit along Howell Mill Road, The Howell features a mix of one-, two- and three-bedroom apartments with 9- to 12-foot ceilings and open floor plans. Monthly rental rates start at $1,890, according to Apartments.com. Amenities include an open-air lounge on the seventh floor, 3,500 square feet of ground-level retail space, coworking space, a resort-style pool and pool deck, clubhouse, pet run and pet spa, fitness center and a gated and covered parking garage. Gables Residential is managing The Howell on behalf of SHR Resi.

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ArkansasDevelopmentIndustrialSoutheast

Ti Cold to Build 125,000 SF Cold Storage Facility for Central Cold Solutions in Conway, Arkansas

by John Nelson

CONWAY, ARK. — Ti Cold plans to develop a build-to-suit cold storage facility in Conway for Central Cold Solutions. The 125,000-square-foot property will feature 50-foot clear heights, structural steel pallet racks and the ability to regulate temperatures ranging from 40 to minus-20 degrees Fahrenheit. Central Cold Solutions aims to support food wholesalers, retailer and food manufacturing customers in Central Arkansas through this facility. The construction timeline for the project was not disclosed. Brad Lacy of the Conway Area Chamber of Commerce assisted in the site selection.

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Alliance-Westport-14-Fort-Worth
DevelopmentIndustrialTexas

Hillwood to Develop 766,994 SF Industrial Project at AllianceTexas in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Hillwood will develop Alliance Westport 14, a 766,994-square-foot industrial project that will be located within the 27,000-acre AllianceTexas master-planned community in North Fort Worth. Alliance Westport 14 will feature 40-foot clear heights, 185-foot truck court depths and parking for 306 cars and 196 trailers (expandable to 500 or 312, respectively). GSR Andrade is the project architect, and Hillwood Construction Services is the general contractor. Frost Bank provided construction financing. The groundbreaking is set for June, and completion is slated for the second quarter of 2025.

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Skyline-Park-Austin
CivicDevelopmentTexas

Brookfield Residential Completes 21-Acre Skyline Park in Austin

by Taylor Williams

AUSTIN, TEXAS — Brookfield Residential Properties has completed the 21-acre Skyline Park, located at 7800 Apogee Blvd. in the Easton Park neighborhood of Austin. Skyline Park offers views of downtown Austin, a bridge connection resembling the Pennybacker Bridge, a splash pad, an open lawn and two playgrounds designed to cater to children of a range of age groups. In addition, the park connects to a 13-mile network of walking trails. Project partners included landscape architect TBG, CBD civil engineering, Stanley Studio architects, PKA structural engineers and CMP project management consultants. A grand opening event took place on Saturday, May 4.

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DevelopmentMultifamilyTexas

Birge & Held, Pedcor Unveil $7M Renovation of Affordable Housing Complex in Lubbock

by Taylor Williams

LUBBOCK, TEXAS — Indianapolis-based development and investment firm Birge & Held Asset Management and Pedcor Management Corp. have unveiled the $7 million renovation of Cantibury Pointe Apartments, a 144-unit affordable housing complex in the West Texas city of Lubbock. The property offers 74 three-bedroom and 70 four-bedroom townhomes. The project team upgraded the amenity spaces, which include a pool, fitness center, business center and a clubhouse. Specific information on income restrictions was not disclosed.

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DevelopmentIndustrialTexas

Anton Paar USA to Open 30,000 SF Regional Headquarters Facility in Houston

by Taylor Williams

HOUSTON — The U.S. subsidiary of Australian firm Anton Paar USA, which provides laboratory instruments and measuring systems, will open a 30,000-square-foot regional headquarters in Houston. The site is located within East River, Midway’s 150-acre mixed-use development in the Historic Fifth Ward. The facility will consist of 12,500 square feet of office space, 12,599 square feet of lab and training space and 5,000 square feet of logistics space. Chadd Bolding of Colliers represented Anton Paar USA in its site selection and purchase of the land. David Hightower represented Midway on an internal basis.

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DevelopmentMassachusettsMultifamilyNortheast

CC&F, Equity Residential to Develop 440-Unit Multifamily Project in Metro Boston

by Taylor Williams

WAKEFIELD, MASS. — A joint venture between locally based developer Cabot Cabot & Forbes (CC&F) and Equity Residential (NYSE: EQR) will develop 200 Quannapowitt, a 440-unit multifamily project in the northern Boston suburb of Wakefield. The property will offer one-, two- and three-bedroom units, 18 percent of which will be reserved as affordable housing. Amenities will include a pool, fitness center, clubhouse, outdoor grilling and dining stations, coworking space and nature trails. Brett Paulsrud, Andrew Gray and Mike Shepard of JLL structured the joint venture between the two firms.

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Build-to-RentDevelopmentMidwestSingle-Family RentalWisconsin

Heyday Opens 130-Unit Build-to-Rent Community in Suburban Milwaukee

by Kristin Harlow

OAK CREEK, WIS. — Illinois-based developer Heyday has opened Heyday Oak Creek, a 130-unit build-to-rent community in the Milwaukee suburb of Oak Creek. The property consists of single-family attached rental homes averaging 1,350 square feet. High-speed electric vehicle charging outlets are installed in every garage. Residents have access to outdoor spaces. Daniel Management Group will manage and market the property for lease.

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CivicDevelopmentMidwestMinnesota

Kraus-Anderson Begins $29.5M Renovation Project at Jordan Public Schools in Minnesota

by Kristin Harlow

JORDAN, MINN. — Kraus-Anderson has begun a $29.5 million renovation project for Jordan Public Schools in Jordan, about 40 miles southwest of Minneapolis. Designed by ISG, the 96,435-square-foot project will take place in 2024 and 2025. The elementary school portion comprises two separate additions totaling 28,000 square feet. One addition includes an 8,500-square-foot gymnasium space intended for use as a storm shelter. The other addition features the construction of new classrooms, cafeteria, kitchen, gymnasium, loading dock and secure front entry. Extensive interior renovations will be made to the existing classrooms, storage spaces and media center. The project will also replace windows, upgrade bathrooms and enhance mechanical and electrical systems.

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