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Development

1115-Dragonfly-Ave.-Weslaco
DevelopmentIndustrialSelf-StorageTexas

Bakke, Batson-Cook Break Ground on 773-Unit Self-Storage Facility in Weslaco, Texas

by Taylor Williams

WESLACO, TEXAS — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on a 773-unit self-storage facility in the Rio Grande Valley city of Weslaco. The site at 1115 Dragonfly Ave. spans 2.6 acres, and the building will rise three stories and span 86,975 net rentable square feet. Project partners include Alamo Architects, civil engineer Halff, general contractor Independent Contractors and construction lender IBC Bank. Completion is slated for the first quarter of 2025. The project marks the sixth self-storage collaboration between the two firms.

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Sunridge-Industrial-Park-Wilmer
DevelopmentIndustrialTexas

Stonemont Financial Completes 565,259 SF Sunridge Industrial Park in Wilmer, Texas

by Taylor Williams

WILMER, TEXAS — Atlanta-based development and investment firm Stonemont Financial Group has completed Sunridge Industrial Park, a 565,259-square-foot development located in the southern Dallas suburb of Wilmer. The building features 40-foot clear heights, 128 dock doors, four drive-in ramps and parking for 135 trucks and 309 cars, with the capacity to add more parking if needed. LGE Design Build served as the project architect and general contractor. KBC Advisors is the leasing agent.

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DevelopmentMultifamilyNortheastPennsylvania

Milhaus, BAM Capital to Develop 272-Unit Multifamily Project Near Pittsburgh

by Taylor Williams

ROBINSON TOWNSHIP, PA. — A partnership between two Indiana-based firms, developer Milhaus and investment firm BAM Capital, will develop a 272-unit multifamily project just west of Pittsburgh in Robinson Township. Known as Nox Living, the property will feature studio, one-, two- and three-bedroom floor plans and amenities such as a pool, fitness center, coworking space, resident lounge and outdoor grilling and dining stations. The development team expects to begin construction by July and is aiming to deliver the first units by late 2025.

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DevelopmentIndustrialMassachusettsNortheast

Polar Design Build Delivers 34,000 SF Truck Service Facility in Middleton, Massachusetts

by Taylor Williams

MIDDLETON, MASS. — Locally based general contractor Polar Design Build has delivered a 34,000-square-foot truck service facility in Middleton, a northern suburb of Boston. The facility is a build-to-suit for dealer Kenworth Northeast and will house offices, service bays and showroom space. About 40 people will work at the facility at full operation. Other project partners included Maugel DeStefano Architects, Flood Consulting and CBC Engineers.

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Terraces-Walnut-CA
Build-to-RentCaliforniaDevelopmentMixed-UseMultifamilyRetailSingle-Family RentalWestern

Sunjoint Development Starts Construction of 49-Acre Residential, Retail Project in Walnut, California

by Amy Works

WALNUT, CALIF. — Sunjoint Development has started construction of Terraces at Walnut, a 49-acre mixed-use development located on Valley Boulevard in Walnut, approximately 25 miles east of downtown Los Angeles. Construction of the first product type, single-family homes, began in November 2023 and the first five phases are currently being made available for sale. The remaining homes will be built in phases — townhomes, three-story homes and estate lots. Full buildout is slated for year-end 2025. KTGY designed the project, which CBC Home is building. Terraces at Walnut will feature 79 townhomes, 211 detached single-family homes and 17,052 square feet of retail space. The three- and four-bedroom townhomes will range from 1,548 square feet to 1,914 square feet, while the single-family homes will offer three- or four-bedroom layouts ranging from 2,198 square feet to 3,561 square feet. The retail space will include a variety of food users, including dine-in restaurants, specialty retailers and beverage users. Terraces at Walnut will also feature 11 pocket parks and an internal trail system. Blake Kaplan, Erik Westedt and Drew Olson of JLL are overseeing leasing of the retail space.

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DevelopmentSoutheastStudent HousingTennessee

RISE, University of Tennessee Break Ground on Two Residence Halls Totaling 1,950 Beds

by John Nelson

KNOXVILLE, TENN. — A public-private partnership between the University of Tennessee and RISE: A Real Estate Co. has broken ground on two residence halls expected to open on the university’s Knoxville campus in fall 2025. The two communities will add approximately 1,950 beds to the university’s housing inventory, which currently totals 8,500 beds. The first development, a seven-story building offering 788 beds, will be located at the intersection of Andy Holt Avenue and 20th Street. The second, two-building residence hall will offer 1,166 beds between Caledonia and Terrace avenues. Construction of the two communities represent Phase I of a larger project, which will include the development of a third 1,028-bed residence hall. The project is being delivered through a ground lease structure, with the university retaining ownership of the land. An entity doing business as Provident Group–UTK Properties will own the facilities for the term of the project-based bond financing. At the end of the debt, the ownership of the buildings will revert to the university. RISE — alongside undisclosed partner firms — is developing, financing and constructing the facilities and will maintain them in partnership with the university through a long-term shared services partnership. The development team includes Niles …

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DevelopmentLeasing ActivityMixed-UseRestaurantRetailSouth CarolinaSoutheast

Branch, Crosland Southeast Add Retailers to One Nexton Development in Metro Charleston

by John Nelson

SUMMERVILLE, S.C. — Branch Properties and Crosland Southeast have added new retailers to join the tenant roster at One Nexton, a mixed-use development underway in the Charleston suburb of Summerville. The property is a component of Nexton, a master-planned community owned by a subsidiary of North America Sekisui House LLC (NASH) and managed by Brookfield Properties. Situated on 23.7 acres at the northeast corner of Brighton Park Boulevard and Nexton Parkway, the first phase of One Nexton features a Publix grocery store, 32,000 square feet of retail space, two corner outparcels, green space and 351 Class A apartments. Phase I’s retail space is fully preleased to tenants including Catrina’s Cantina, Jersey Mike’s Subs, Swamp Fox Agency, The Packie Wine and Spirits, Roper St. Francis, Dulce Churros, Ice Cream and Cocktails, Heartland Dental, Woodhaven Pizza, Ruby’s Bagels, Noire Nails, Basecamp Fitness, Naan Appetit and Fifth Third Bank.  The design team includes master architect Shook Kelley, multifamily architect SGA Narmour Wright Design and retail architect Hiscutt & Associates Inc. Jeff Yurfest of TSCG is handling One Nexton’s outparcel and retail leasing activity, and Greystar is managing the project’s multifamily component. At full build-out, One Nexton will feature 150,000 square feet of retail and …

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DevelopmentFloridaIndustrialSoutheast

Miller Construction Delivers 143,571 SF Industrial Facility in Medley, Florida

by John Nelson

MEDLEY, FLA. — Miller Construction Co. has delivered a 143,571-square-foot warehouse located at 7290 N.W. 77th Court in Medley, a town in Miami-Dade County. Woods Grove Capital is the developer of the Class A industrial facility, which features 36-foot clear heights, 42 columns with 54-foot spacing, 37 dock doors and two drive-in ramps. The project team includes IBI Group’s RLC Architects, Puga & Associates Inc. (MEP engineer), DDA Engineers (structural engineer) and Langan (civil engineer).

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Roost-Kelly-Drive-Philadelphia
DevelopmentHospitalityNortheastPennsylvania

Method Co. Opens 33-Room Hotel in Philadelphia’s East Falls Neighborhood

by Taylor Williams

PHILADELPHIA — Method Co., a development and management firm specializing in apartment hotels, has opened Roost Kelly Drive, a 33-room hotel in Philadelphia’s East Falls neighborhood. The complex is located within The Driftway, a 133-unit residential building. Rooms come in studio, one- and two-bedroom floor plans. Morris Adjmi Architects designed Roost Kelly Drive in conjunction with Method’s in-house team. The company developed the property in partnership with Mexican investment firm Cimbra Partners.

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Speedway-Commerce-Center-Fontana-CA
CaliforniaDevelopmentIndustrialLoansWestern

Partnership Receives $756M Financing Package for Speedway Commerce Center Logistics Development in Fontana, California

by Amy Works

FONTANA, CALIF. — A fund sponsored by CBRE Investment Management, in joint partnership with Hillwood Investment Properties, has received a $756 million financing package for the construction of Phase I of Speedway Commerce Center in the Inland Empire city of Fontana. Located at 9300 Cherry Ave., Speedway Commerce Center will be a multi-building logistics project with highly functional, larger scale buildings offering 40-foot clear heights, cross-docked loading, 185-foot concrete truck courts, employee parking, optimal circulation and more than 100 acres for excess trailer parking. Construction is underway at the site, which is entitled for up to 6.6 million square feet of logistics space. The first two buildings are slated for completion in early 2025. Eastdil Secured arranged the financing on behalf of CBRE Investment Management. Dan de la Paz, Eloy Covarrubias and Barbara Perrier of CBRE are handling leasing efforts for the development.

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