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DevelopmentMarylandMixed-UseSoutheastStudent Housing

LV Collective to Develop 299-Unit Student Housing Project Near University of Maryland

by John Nelson

COLLEGE PARK, MD. — LV Collective has announced plans to develop a 299-unit student housing development at 8133 Baltimore Ave. near the University of Maryland campus in the Lakeland neighborhood of College Park. The property is set to include 13,000 square feet of retail space, alongside a ground-level coffee shop and second-floor coworking space. The project will also feature a community center developed in collaboration with the Lakeland Civic Association and the Lakeland Community Heritage Project. The space will include a library and large flexible space for functions including presentations, art galleries and gatherings. The development team for the project, which is scheduled for completion in fall 2027, includes WDG Architecture, Bohler Engineering, John Moriarty & Associates and US-EcoLogic. Further details on the community were not disclosed. The development is LV Collective’s first in the state of Maryland.

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Rhino-Capital-Taunton
DevelopmentIndustrialMassachusettsNortheast

Rhino Capital to Develop 180,000 SF Manufacturing Facility in Taunton, Massachusetts

by Taylor Williams

TAUNTON, MASS. — Boston-based investment firm Rhino Capital Advisors will develop a 180,000-square-foot manufacturing facility in Taunton, located south of Boston near the Massachusetts-Rhode Island border. The site spans 11.2 acres within Myles Standish Industrial Park, and the building will feature five loading docks and 270 parking spaces. CrowdStreet raised $11.5 million in funding for the project, construction of which is scheduled to begin in the first quarter and to last about a year.

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Affordable HousingDevelopmentMultifamilyNortheastPennsylvania

Tryko Partners Begins Leasing 46-Unit Affordable Housing Project in Pittsburgh

by Taylor Williams

PITTSBURGH — New Jersey-based Tryko Partners has begun leasing Cedarwood Homes, an age-restricted affordable housing project located at the site of the former Fairywood School in Pittsburgh. The majority (39) of the one-bedroom units are reserved for renters earning 60 percent or less of the area median income. Merchants Capital provided $11 million in project financing, and The Pennsylvania Housing Finance Agency awarded 9 percent Low-Income Housing Tax Credits to the developer to fund the project. Construction began last summer.

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PRP-Flint-Development
DevelopmentIndustrialSouth CarolinaSoutheastTop Stories

PRP, Flint Development Complete 1.9 MSF Distribution Center in Moore, South Carolina

by Katie Sloan

MOORE, S.C. — A partnership between PRP and Flint Development has completed the development of a 1.9 million-square-foot distribution center in the Greenville-Spartanburg metropolitan area community of Moore.  The property is fully leased to an affiliate of Hong Kong-based power tool manufacturer Techtronic Industries Co. and will distribute goods from the company’s Hart Consumer Products division. The development is one of the largest single-story logistics properties in the United States, according to PRP.  The center features a cross-dock loading configuration with 40-foot clear heights, 338 dock doors and a 185-foot truck court, with 835 spaces of excess trailer parking across 178 acres of land. The development is located near the Greenville-Spartanburg International Airport and Inland Port Greer, which offers direct rail connection to the Port of Charleston. Techtronic Industries leases a second 1.4 million-square-foot logistics center roughly 11 miles away in Duncan, which PRP also developed. The property distributes products from the company’s Hoover brand.  PRP is a Washington, D.C.-based real estate investment management company with a focus on corporate headquarters facilities, office properties, logistics facilities, high-street retail properties, multifamily and data centers. Prairie Village, Kan.-based Flint Development is a commercial real estate development firm specializing in industrial, multifamily and …

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DevelopmentFloridaMixed-UseMultifamilySoutheast

Partnership Tops Out 509-Unit Residences at The Wynwood Plaza in Miami

by John Nelson

MIAMI — Co-developers L&L Holding Co. and Oak Row Equities, along with project partner Shorenstein Properties and capital partner Claure Group, have topped out the Residences at The Wynwood Plaza, a 509-unit apartment development in Miami. The property serves as the multifamily component of Wynwood Plaza, a 1 million-square-foot mixed-use development underway in the city’s Wynwood district. Designed by Gensler, Residences at The Wynwood Plaza will feature studio, one- and two-bedroom apartments with floor-to-ceiling windows, modern appliances, high-end finishes and flexible layouts. Amenities will include 32,000 square feet of retail space, multiple connected rooftops, a multi-purpose sports court, two outdoor pools, sauna, hot tub, cold plunge pool, coworking spaces, private phone rooms, game lounge and a modern fitness center. Urban planning firm Field Operations designed the property’s 26,000-square-foot public plaza. L&L Holding and Oak Row plan to begin welcoming residents in 2025. The duo also topped off on Wynwood Plaza’s 12-story office tower in September 2023.

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DevelopmentIndustrialSoutheastTennessee

Foundry, Principal Global Investors Complete 371,000 SF Warehouse in Metro Nashville

by John Nelson

SMYRNA, TENN. — A joint venture between Foundry Commercial and Principal Global Investors, doing business as Tridon Property Owner LLC, has completed the development of Creekside Logistics, a warehouse development located in Smyrna, roughly 25 miles outside Nashville. Ware Malcomb provided architecture and interior design services for the project, and Layton Construction served as the general contractor. Totaling 371,000 square feet, the property features three buildings comprising 147,500; 135,240; and 88,500 square feet. Situated on 43 acres, the development will accommodate tenant occupancies ranging from 17,860 to 147,260 square feet. The buildings feature tilt-wall construction with 32-foot clear heights.

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DevelopmentIndustrialOfficeTexas

Reports: SpaceX to Open $100M Office, Industrial Facility in Brownsville, Texas

by Taylor Williams

BROWNSVILLE, TEXAS — SpaceX, the rocket and spacecraft production company owned by Elon Musk, will open a new office and industrial complex in the South Texas city of Brownsville, according to reports from multiple news outlets including Dallas Morning News and San Antonio Express-News. The former publication, citing a filing with the Texas Department of Licensing & Regulation, reports that the “Starbase Office” project carries a price tag of about $100 million and will be developed as an expansion of an existing industrial facility, with construction starting later this month. The latter reports that the facility will rise five stories and span approximately 330,000 square feet, with construction expected to last about a year.

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DevelopmentFloridaIndustrialSoutheast

Miller Construction Completes 199,643 SF Industrial Facility in Hollywood, Florida

by John Nelson

HOLLYWOOD, FLA. — Miller Construction Co. has completed a 199,643-square-foot warehouse for Seagis Property Group at 1700 Eller Drive in Hollywood, a South Florida city near Port Everglades in Fort Lauderdale. The load bearing, tilt-wall structure gives tenant access to Florida’s Turnpike, I-95 and I-595. The property features 54- by 50-foot bays, a 60-foot speed bay and 36-foot clear heights, as well as two spec office spaces. In addition to Miller Construction, the project team included Ware Malcomb Architects, MEP engineer Puga & Associates Inc., structural engineer DDA Engineers and civil engineer Langan Engineering.

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DevelopmentIndustrialSelf-StorageTexas

Bakke, Batson-Cook Break Ground on 987-Unit Self-Storage Facility in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on an 987-unit self-storage facility in New Braunfels, a northeastern suburb of San Antonio. The site along I-35 spans 1.8 acres, and the building will rise four stories and house 104,875 net rentable square feet of climate-controlled space. Project partners include Alamo Architects, civil engineer INK Civil, general contractor Independent Contractors and construction lender Frost Bank. Completion is slated for the first quarter of 2025. The project marks the fifth self-storage collaboration between Bakke and BCDC, with construction on the most recent project, a 762-unit facility in McAllen, beginning earlier this month.

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AcquisitionsCaliforniaDevelopmentIndustrialWestern

Newmark Brokers $80M Sale of Industrial Building, Development Site in San Jose

by Hayden Spiess

SAN JOSE, CALIF. — Newmark has brokered the $80 million sale of a 19.7-acre development site located at 550 E. Brokaw in San Jose. The property includes a 293,906-square-foot building. Steven Golubchik, Edmund Najera, Jonathan Schaefler and Darren Hollak of Newmark represented the seller, Bay West Development, in the transaction. Supermicro Computers acquired the property, with plans to occupy the existing building and develop at the site. Phil Mahoney and Joe Kelly of Newmark assisted in the sale and manage leasing at the property, which Fry’s Electronics previously occupied. 

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