ST. LOUIS — Ingram Marine Group, the largest barge operator on the inland waterways, has unveiled plans to invest nearly $50 million in the St. Louis region over the next three years. The plans were announced during the opening session of FreightWeekSTL 2025, which was hosted by the St. Louis Regional Freightway. Ingram focuses on moving bulk and break-bulk commodities, including fertilizer, steel and grain exports to the Gulf of America. The company employs approximately 200 people in the bi-state area. The $50 million investment includes projects such as the expansion of the Municipal River Terminal (MRT) on the riverfront just north of downtown St. Louis, which will feature one of the largest barge-to-rail direct transfer systems focused on fertilizer crop nutrients supporting Midwest farmers. Additionally, the company is rebuilding the Tyler Street terminal just south of the MRT to handle export bulk materials more efficiently. On the Illinois side of the Mississippi River, Ingram is developing another rail-to-barge facility to support grain and grain byproducts. The projects are funded through a combination of private funds and a public BUILD grant. Ingram is working with various agencies to deliver the projects, including the St. Louis Port Authority and America’s Central …
CHICAGO — The Chicago Fire FC, a Major League Soccer (MLS) franchise, has unveiled plans for a new, privately funded soccer stadium in downtown Chicago. The Wall Street Journal reports the project would cost roughly $650 million to execute. The club and its owner and chairman, Joe Mansueto, plan to debut the new stadium in spring 2028, along with a surrounding entertainment district. “Soccer is the world’s game, and a world-class city like ours deserves a world-class club — with a world-class home to match,” says Mansueto, who purchased the club in 2018. “This new home will serve as a catalyst for job creation, economic development and vibrant community life.” The Chicago Fire did not release financial terms of the development, but Mansueto says that no public funds will be used in the development of the venue, which is designed to seat approximately 22,000 fans for matches. The stadium’s seating capacity can also be expanded for concerts or other community events, according to the project’s website, DearChicago.com. The venue will be situated along the Chicago River just south of Roosevelt Road. The stadium will serve as an anchor of The 78 as it is anticipated to be Chicago’s 78th neighborhood. The …
HOUSTON — JLL has secured an undisclosed amount of construction debt and joint venture equity for Autry Park One, a 127,651-square-foot office project that will be located along Allen Parkway and the Buffalo Bayou in West Houston. Autry Park One will offer private offices, meeting space, mid-building outdoor decks, an indoor/outdoor rooftop deck, fitness facility and 10,500 square feet of retail space. Colby Mueck, Cortney Cole and Kevin McConn of JLL worked with Hanover Co. and LOCAL to secure joint venture equity for the project and separately arrange a syndicated construction loan with two regional banks.
SAN ANTONIO — Adolfson & Peterson (AP) Construction has broken ground on a $2.3 million healthcare expansion project in San Antonio. The project will expand the emergency room at Methodist Landmark Hospital on the city’s northwest side by 1,850 square feet, repurpose underutilized spaces and upgrade plumbing, electrical and HVAC systems. LK Design Group is the project architect. Completion is slated for September 2026.
MANCHESTER, PA. — Missouri-based NorthPoint Development will build a 1 million-square-foot speculative industrial facility in Manchester, located roughly midway between York and Harrisburg. Designed by studioNorth Architecture with civil engineering work by SitePoint, the building will be the second within Manchester Commerce Park and will feature a clear height of 40 feet, 112 overhead doors, four drive-in doors and parking for 759 cars and 220 trailers. Peak Construction Corp. is the general contractor for the project, construction of which is slated for an early 2026 completion.
Lingerfelt, Davis Cos. Acquire 95-Acre Site in Richmond, Plan to Develop 7 Hills Distribution Center
RICHMOND, VA. — A joint venture between Lingerfelt and The Davis Cos. has acquired 95 acres in Richmond for the development of 7 Hills Distribution Center. Located south of Richmond International Airport, the warehouse and distribution space will span 820,800 square feet across four buildings at full build-out. Phase I of the project is expected to break ground in late summer 2025 and will include an extension of 7 Hills Blvd. throughout the property and speculative construction of the first building, which will total 267,849 square feet. Construction of the second, third and fourth buildings will begin upon completion of Phase I and will offer flexibility for build-to-suit or pre-lease arrangements, depending on leasing activity of the tenant(s). Delivery of the first building at 7 Hills is anticipated for fall 2026. The Lingerfelt-Davis Cos. joint venture previously delivered Carmel Church Business Center, which brought 325,500 square feet of Class A warehouse space to the northern Richmond region.
BEVERLY, MASS. — Locally based owner-operator The Procopio Cos. has begun leasing Amara, a 60-unit apartment complex in Beverly, a northeastern suburb of Boston. Amara offers studio, one-, two-bedroom units and amenities such as a rooftop deck, fitness center and work-from-home space. SV Design served as the architect for the project, which Procopio developed in partnership with another local developer, Beverly Crossing. Rents start at $2,585 per month for a studio apartment.
LAKELAND, FLA. — Parkway has sold LCP 200, a 705,000-square-foot industrial building located within Lakeland Central Park. The buyer was not disclosed, but The Ledger reports that Ashley Furniture purchased the facility for $70.5 million. Jared Bonshire, David Perez, Taylor Zambito, Ryan Hubbard, Lisa Ross and Trey Carswell of Cushman & Wakefield represented Parkway in the transaction. Since breaking ground in 2021, Parkway has completed the first phase of Lakeland Central Park, including the delivery of multiple pad-ready sites and the construction of LCP 200. Phase II of Lakeland Central Park will feature an extension to Winston Park Boulevard for direct interstate access, a 260,000-square-foot cross-dock industrial building and additional pad-ready sites that can accommodate 162,000 square feet to 1.6 million square feet.
NASHVILLE, TENN. — Concord Summit Capital has secured a $25 million bridge loan for Park Place Equinox, a hotel tower located within the 2.1-acre Park Place master-planned community in downtown Nashville. The loan will refinance an existing acquisition facility and provide pre-development funding for the project that will support final design and entitlement work. Kevin O’Grady, David Larson and Keegan Burger of Concord Summit’s Miami office arranged the financing on behalf of the co-developers, The Congress Group and Taurus Investment Holdings. The hospitality tower will be one of the first new developments branded and operated by Equinox Hotels. Plans for Park Place Equinox will include an 18,000-square-foot Equinox Club and spa, rooftop pool and lounge and exclusive resident amenities. At full build-out, the three-tower Park Place development will feature a 239-unit luxury condominium tower, 245-room hotel, 480-unit apartment building, more than 25,000 square feet of ground-floor retail space, a 962-space underground parking garage and 50,000 square feet of elevated park and open green space. Park Place is currently in pre-development phases, with vertical construction anticipated to begin in 2026.
BREVARD, N.C. — UNC Health Pardee, a health system managed by UNC Health that operates hospitals and clinics in Western North Carolina, has broken ground on a 39,000-square-foot adaptive reuse project in downtown Brevard. The developers behind the project include Riddle Development LLC, Layr LL and Osprey Capital. The team acquired the property, a 1960s-era retail strip center, for $2.6 million. Medalist Capital and United Community Bank are providing construction financing for the redevelopment, which is anticipated to cost $15 million in renovations. Upon completion, the new medical office building will feature 48 exam rooms for primary care services, a retail pharmacy, specialty rotation services, a 50-person conference and community room and a 300-person waiting room and event space. UNC Health Pardee plans to take occupancy in January.