Monday, June 16, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Development

Juniper-Square_Glendale-Ariz
Affordable HousingArizonaDevelopmentMultifamilySeniors HousingWestern

Dominium to Break Ground on Two Affordable Housing Communities Totaling 605 Units in Glendale, Arizona

by Hayden Spiess

GLENDALE, ARIZ. — Dominium is scheduled to break ground on two affordable housing communities in Glendale, roughly 10 miles northwest of Phoenix. Totaling 605 units, the apartment communities will be reserved for individuals earning 60 percent or less of the area median income (AMI). Juniper Square, a seniors housing community, will comprise 287,468 square feet and 221 apartments in one-, two- and three-bedroom floorplans. Amenities at the property will include a pool, courtyard, fire pits, a clubroom, fitness center, theater and salon. 67 Flats will span 875,141 square feet with 384 apartments in one-, two- and three-bedroom layouts. Amenities at the community will include a pool, playground, soccer field, courtyard, clubroom and fitness center. Juniper Square and 67 Flats are scheduled to open in the spring and summer of 2026, respectively. W.D. Construction, a joint venture between Weis Builders and Dominium Construction and Architectural Services, will serve as the general contractor. 

Continue Reading
FacebookTwitterLinkedinEmail
AVE-Phoenix-Sky
ArizonaDevelopmentMultifamilyWestern

Korman, RXR Complete 254-Unit AVE Phoenix Sky Multifamily Community in Downtown Phoenix

by Hayden Spiess

PHOENIX — Korman Communities, in partnership with RXR, has completed development 254-unit multifamily community in downtown Phoenix. Dubbed AVE Phoenix Sky, the property features apartments in studio, one- and two-bedroom layouts. Amenities at the community include an outdoor sky deck, pool, hot tub, grilling stations, clubhouse, social lounge, work spaces, a courtyard, hot beverage bar, 24-hour fitness center, dog spa and electric vehicle charging stations. In addition to residences, the property features 4,350 square feet of retail space, with 580 square feet reserved as artist studio space. 

Continue Reading
FacebookTwitterLinkedinEmail
255-E.-39th-St
DevelopmentLoansMultifamilyNew YorkNortheast

Cushman & Wakefield Arranges $75M Construction Loan for Manhattan Multifamily Project

by Taylor Williams

NEW YORK CITY — Cushman & Wakefield has arranged a $75 million construction loan for a 157-unit multifamily project that will be located at 255 E. 39th St. in the Manhattan’s Murray Hill neighborhood. The 20-story building will include 4,687 square feet of commercial space as well as an affordable housing component. Gideon Gil, Lauren Kaufman, Zachary Kraft and Cecelia Galligan of Cushman & Wakefield arranged the financing through J.P. Morgan and First Citizens Bank on behalf of the borrower and developer, Brause Realty. Completion is slated for late 2025.

Continue Reading
FacebookTwitterLinkedinEmail
Bala-Cynwyd-on-City-Avenue
DevelopmentMultifamilyNortheastPennsylvania

Federal Realty Receives Approval for 217-Unit Multifamily Project in Metro Philadelphia

by Taylor Williams

BALA CYNWYD, PA. — Federal Realty Investment Trust (NYSE: FRT) has received approval for a multifamily project in Bala Cynwyd, a northwestern suburb of Philadelphia. The development will add 217 residential units above 16,000 square feet of retail space in the former Lord & Taylor building. Federal Realty is redeveloping the site to ultimately feature more than 300 apartments and 190,000 square feet of retail space for a total investment of $170 million. Construction on the new multifamily complex is slated to begin this spring and to be complete in summer 2026.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialMidwestOhio

Contegra Delivers 1.3 MSF Distribution Center in Marysville, Ohio

by Kristin Harlow

MARYSVILLE, OHIO — Contegra Construction Co. has completed a 1.3 million-square-foot distribution center for The Scotts Miracle-Gro Co. in Marysville, about 27 miles northwest of Columbus. Developed by Crawford Hoying, the facility is located about two miles from Scotts MiracleGro’s headquarters and primary manufacturing plant. The company has consolidated five central Ohio distribution operations into the new location, adding 40 jobs and enhancing its distribution capabilities ahead of the 2024 spring lawn and garden season. Located on an 84-acre site at 12575 Industrial Parkway, the building consists of 8,000 square feet of office space with the remaining space devoted to storage and distribution. The property features a clear height of 38 feet, 120 dock doors and four drive-in doors.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialKansasMidwest

Hunt Midwest to Build New Facility for Keystone Automotive Industries at Heartland Logistics Park in Kansas

by Kristin Harlow

SHAWNEE, KAN. — Hunt Midwest will build a new 854,306-square-foot build-to-suit facility for Keystone Automotive Industries at Heartland Logistics Park in Shawnee. Keystone will lease 530,455 square feet within Heartland Logistics Park Building III. Keystone is an aftermarket auto parts supplier and a subsidiary of LKQ, a global supplier and manufacturer of aftermarket, recycled, refurbished and remanufactured automotive products. Construction on Building III is set to begin this month with completion slated for the first quarter of 2025. Leasing options are available for the remaining 323,851 square feet within the building. The property will feature a clear height of 36 feet, 190-foot-deep truck courts, 36 dock-high doors, four drive-in doors, 87 trailer parking spaces and 251 car parking spaces. The project team includes Brinkmann Constructors, Renaissance Infrastructure Consulting and H2B Architects. Mike Mitchelson and Austin Baier of CBRE represented LKQ in the lease. Ed Elder and John Stafford of Colliers handle leasing of Heartland Logistics Park.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHealthcareMidwestNebraska

Darland Completes 38,000 SF Medical Office Building in Omaha

by Kristin Harlow

OMAHA, NEB. — Darland Construction Co. has completed a nearly 38,000-square-foot medical office building for MD West One, an Omaha-based orthopedic, neurosurgery and spine clinic. R&R Realty was the developer. The facility is located on the southwest corner of 192nd Street and West Dodge Road in Omaha. The clinic has more than 40 exam rooms and dedicated areas for X-ray, radiology, casting and procedures. The property is located within the Fountain Ridge West development in an area of the West Dodge corridor that is slated for major development in the coming years.

Continue Reading
FacebookTwitterLinkedinEmail
Anacapa-Canyon-Camarillo-California
CaliforniaDevelopmentMultifamilyTop StoriesWestern

Kennedy Wilson Nears Completion of 579-Unit Anacapa Canyon Multifamily Project in Camarillo, California

by Taylor Williams

CAMARILLO, CALIF. — Global investment and development firm Kennedy Wilson (NYSE: KW) is nearing completion of Anacapa Canyon, a 579-unit multifamily project in the Southern California community of Camarillo. Anacapa Canyon, a 32-acre master-planned development, consists of 310 market-rate apartments, 109 for-sale, single-family homes and 170 income-restricted apartments for senior citizens. The first move-ins are underway, and full completion of the project is slated for the third quarter. Kennedy Wilson developed Anacapa Canyon in a public-private partnership with California State University Channel Islands (CSUCI) and partnered with Comstock Homes, as well as Hearthstone, on the single-family home component of the development. The affordable seniors housing units are fully preleased to qualified renters. The firm also developed various pieces of infrastructure in conjunction with the apartments, which Kennedy Wilson owns in their entirety. Residential amenities at Anacapa Canyon include multiple pools with an accompanying spa, a community garden, game room, event lounge, fitness center, dog parks and various open green spaces and pocket parks. “We are encouraged by the early interest in both leasing and home sales at Anacapa Canyon, which is a testament to the inclusive community we have created, its unique offerings and the continued demand for high-quality homes …

Continue Reading
FacebookTwitterLinkedinEmail
Lafayette-Crossing-Fate
DevelopmentMixed-UseTexas

City of Fate Approves 267-Acre Lafayette Crossing Mixed-Use Project

by Taylor Williams

FATE, TEXAS — The City Council of Fate, located northeast of Dallas, has approved plans for Lafayette Crossing, a 267-acre mixed-use project. A California-based entity doing business as D-F Funds, which is represented by Jim Wills of Dallas-based 5054 Development, owns the land and is leading the development of the project. Preliminary plans call for retail and restaurant space, a full-service grocery store and café, hospital, light manufacturing facilities, a 120-room hotel and residences across a variety of formats, including single-family, apartments, condos and townhomes. Lafayette Crossing will also feature several open green spaces, lawns and pocket parks for public gatherings and recreational events, some of which will be developed in partnership with the city. Construction of Phase I will begin this fall with the launch of $11 million in infrastructural upgrades and is expected to be complete in spring 2028.

Continue Reading
FacebookTwitterLinkedinEmail
Hotel-Granduca-Houston
DevelopmentHospitalityLoansTexas

JLL Arranges $30.6M in Financing for West Houston’s Hotel Granduca

by Taylor Williams

HOUSTON — JLL has arranged $30.6 million in financing for the 122-room Hotel Granduca in West Houston. The six-story hotel was built on 3.6 acres in 2006. Jillian Mariutti and Mark Fisher of JLL arranged the five-year, floating-rate loan through Prime Finance on behalf of the sponsor, Transwestern Hospitality Group. The borrower will use the proceeds to retire existing debt and fund capital improvements, including a redesign of the lobby, breakfast area, bar, seating areas and event space, as well as a relocation of the gym and existing restaurant. The tearoom will be converted into a salon and spa, and a larger bar will be added in the adjacent space. The old restaurant space will become a meeting and event venue, and a portion of the parking lot will be converted into a tented outdoor venue.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts