COLUMBUS, GA. — JS Link America, a wholly owned U.S. subsidiary of the Korean biotechnology company JS Link, will invest $223 million for the construction of a new permanent magnet manufacturing facility in Columbus. Permanent magnets are materials that create their own persistent magnetic field and aren’t dependent on external power sources to attract or repel other magnetic materials. Permanent magnets are often used in wind turbines, elevators, home appliances, data centers, consumer electronics, Urban Air Mobility (UAM), defense systems and within the medical and automobile industries. Situated within Muscogee Technology Park, the facility is expected to create more than 520 engineering, production, construction, administrative and management jobs. Operations for the 130,000-square-foot facility are expected to begin in late 2027 with an annual production capacity of 3,000 tons. Jacob Lee, in partnership with the Development Authority of Columbus, Georgia Quick Start and Georgia Power, internally represented the Georgia Department of Economic Development (GDEcD) Global Commerce team in the JS Link America deal. JS Link is also nearing completion on a similar permanent magnet facility in Yesan, Korea, with an anticipated pilot production run this month and an annual capacity of 1,000 tons.
ATLANTA — CIM Group and Centennial Yards Co. have unveiled The Mitchell, a 304-unit residential tower within the $5 billion Centennial Yards mixed-use development underway in downtown Atlanta. The 19-story luxury apartment building comprises apartments ranging from studio to three-bedroom floorplans. Select units offer walk-in closets, balconies and floor-to-ceiling windows with panoramic views. Rental rates for a 512-square-foot studio apartment begin at $1,450, according to Apartments.com. Amenities at The Mitchell include a community pool, fitness center, coworking space with office suites, multiple outdoor gathering areas and indoor event spaces with a catering kitchen, as well as a dedicated pet area with a pet spa and 16,000 square feet of ground-floor retail and restaurant space. Khao Thai Isan, a Thai tapas concept introduced by 26 Thai, will occupy 4,730 square feet. Additional retail and dining operators will be announced in the coming months. The Mitchell will join The Lofts at Centennial Yards South, which features 162 units located above the Georgia-based brewery Wild Leap. Meanwhile, the 292-room Hotel Phoenix is scheduled for completion later this year, and Cosm’s immersive sporting experience is planned for 2026. A 5,300-seat Live Nation venue was also announced earlier this year, with an anticipated opening in 2027. …
MIAMI — Northwind Group has provided a $98 million senior loan for the acquisition and redevelopment of 1250 West Ave., an existing 238-room condominium building located in Miami Beach. Terra is leading the project in partnership with JDS Development Group, Rafi Gibly and Gianluca Vacchi, which acquired more than 95 percent of the units at the property. The group plans to transform the property into a luxury condominium tower on Biscayne Bay, with new entitlements permitting development up to 330 feet in height, with an anticipated 100-unit residential program. Northwind Group originated the loan through its Northwind debt investment fund III. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Diaz and Sean Bastian of Walker & Dunlop arranged the financing on behalf of the borrower.
RICHMOND HILL, GA. — ECI Group has broken ground on The Avery Richmond Hill, a $60 million mixed-use development located in Richmond Hill, approximately 15miles south of Savannah. ECI Construction is the general contractor, and Synovus Bank and CIBC are providing construction financing for the project. A timeline for completion for the overall development was not released, but the retail pad sites are scheduled for delivery in the first quarter of 2026. Ashley Smith and Tyler Mouchet of Colliers | Savannah will market the 3.5 acres of retail space for ground lease tenants. The Avery Richmond Hill will also include 291 residential units comprising 243 one-, two- and three-bedroom floorplans, along with 48 three-bedroom townhomes that feature two-car garages. A mix of amenities will be available for residents such as an 8,400-square-foot clubhouse, fitness center, coworking spaces, automated package facilities, two courtyards, swimming pool and a dog park.
NEW YORK CITY — Douglaston Development is nearing completion of a $320 million multifamily project at 1057 Atlantic Ave. in the Bedford-Stuyvesant neighborhood of Brooklyn. The 17-story building will have 456 units, 138 units of which will be reserved as affordable housing, as well as 31,000 square feet of retail space. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a fitness center, lounge, golf simulator, game room, screening room, children’s playroom and a landscaped rooftop deck, as well as 31,000 square feet of ground-floor retail space. Construction topped out last February. Leasing will begin in the coming weeks.
NEW YORK CITY — A partnership between William Macklowe Co. and GreenBarn Investment Group has begun leasing Paseo on Fifth, an 131-unit multifamily project located in the Park Slope area of Brooklyn. Designed by SLCE Architects with interiors by Durukan Design, the property offers studio, one- and two-bedroom units and amenities such as a fitness center, children’s playroom, social suite and a rooftop lounge. Rents start at approximately $3,100 per month for a studio apartment.
LONG BEACH, CALIF. — JLL Capital Markets and HJ Sims have closed $80.1 million in tax-exempt bond financing for the development of Sunrise of Long Beach, a Sunrise Senior Living community in Long Beach. On behalf of Quality Senior Housing Foundation and Sunrise Senior Living, JLL’s Seniors Housing Capital Markets team, in collaboration with the bond underwriting teams of HJ Sims and JLL Securities, secured financing through California Public Finance Authority Senior Living Revenue Bonds, Series 2025A. Located at 3340 N. Los Coyotes Diagonal, the two-story, 78,227-square-foot community will feature 62 assisted living and 24 memory care apartments across 102 licensed beds. Assisted living accommodations will include generously sized studio layouts with private bathrooms, kitchenettes with refrigerators and individually controlled HVAC systems, while memory care offerings will include both private studios and shared suites designed to accommodate couples or roommate preferences. Community amenities will include a wellness center, multiple dining venues, including a formal dining room and casual bistro, a library, theater room, fitness center, beauty salon and four secure landscaped courtyards. The project team includes Sunrise Development as developer, W.E. O’Neil Construction Co. as general contractor and HPI Architecture providing design services. Construction is slated for completion in first-quarter 2027.
HOUSTON — A joint venture between Trammell Crow Co. (TCC) and Japanese developer Daiwa House has completed Blue Ridge Commerce Center, a 1.3 million-square-foot industrial project in southwest Houston. Construction began in August 2024. The site spans 92 acres at the northwest corner of Fort Bend Parkway and McHard Road in Fort Bend County. The development consists of five buildings that range in size from 153,928 to 431,017 square feet. The buildings feature a mix of front-load, rear-load and cross-dock configurations with clear heights that range from 28 to 36 feet. Seeberger Architecture designed the project, and E.E. Reed Construction served as the general contractor. Sumitomo Mitsui Banking Corp. financed the development, and CBRE is marketing the space for lease. Another project partner, Linco Construction, undertook infrastructure improvements as part of the project, which included new public roads, traffic signals, underground utilities, a regional storm water detention pond and public sidewalks. “The greater Houston region continues to prove itself as a magnate for modern logistics and manufacturing users,” says George Farish, principal at TCC. “With immediate access to major transportation corridors including the Fort Bend Parkway, Beltway 8 and U.S. Highway 90, we’re confident that Blue Ridge will serve as …
COLORADO SPRINGS, COLO. — Ventas has completed a $3.7 million renovation at Liberty Heights, its senior living community in Colorado Springs. The project included updates to the property’s dining room, resident corridors and shared spaces, with improvements to lighting, flooring and finishes. Blackcomb Construction Group partnered with the owner on the renovation. Situated on 26 acres, Liberty Heights totals 234 residences and offers a full continuum of care. Senior Lifestyle manages the property on behalf of Ventas.
AVON, OHIO — Topgolf will open its new venue in Avon, about 20 miles west of downtown Cleveland, on Friday, Sept. 19. The facility is located at 35343 Chester Road and will employ roughly 200 people. Topgolf Avon features 64 outdoor climate-controlled hitting bays spanning two levels. Each bay has lounge-type furniture or high-top tables. The venue is equipped with Toptracer technology, which traces each golf ball’s flight path, distance and other metrics. The venue also features a full-service restaurant and bar, private event space and outdoor patio.