STORRS, CONN. — A joint venture between Landmark Properties and Manulife Investment Management has opened The Standard at Four Corners, an 890-bed student housing community located near the University of Connecticut campus in Storrs. Designed by Dwell Design, the property offers 392 fully furnished units in studio, one-, two- and three-bedroom configurations with bed-to-bath parity. Shared amenities include an academic lounge, 24-hour study rooms, a fitness center, resort-style pool and spa, jumbotron lawn, outdoor gaming areas, fire pits, grilling stations and a clubroom. The property also features 14,500 square feet of ground-floor retail space.
RANDOLPH, N.J. — A partnership between two developers, CrownPoint Group and Crossroads Cos., has broken ground on a 125-unit multifamily project in Randolph, about 40 miles west of New York City. Designed by Comito Associates and known as Liberty Village, the development will feature townhouse-style residences that will be housed within 11 buildings across a 14.5-acre site. The property will have 25 affordable housing units. Amenities will include fitness center, multiple social lounges, a golf simulator, children’s playroom and a business center with work pods and meeting areas. Completion is slated for summer or fall of 2026.
POOLER, GA. — JLL Capital Markets has arranged a $38.7 million loan for the refinancing of Clear Lake Reserve, a 199-unit townhome community located in Pooler, a western suburb of Savannah. Chris Drew, Matthew Putterman and Kenny Cutler of JLL’s Debt Advisory team arranged the loan on behalf of the borrower, 360 Communities, an affiliate of Freehold Capital Management, and Rockpoint, a Boston-based real estate private equity firm. Western Alliance Bank provided the three-year, floating-rate loan . Situated near the Savannah Hilton Head International Airport and the Port of Savannah, Clear Lake Reserve spans approximately 50 acres. The community will feature 83 three-bedroom townhomes and 113 four-bedroom townhomes ranging in size from 1,385 square feet to 2,010 square feet. Each townhome will include an attached two-car garage, private driveway and a covered outdoor porch. Amenities at the complex will include a resort-style swimming pool, fitness center, basketball and pickleball courts, clubroom, brick firepit, dog park, putting green, playground, grilling stations, dedicated guest and amenity parking areas, as well as a dock overlooking a community pond. 360 Communities and Rockpoint have structured the development with an unnamed, publicly traded homebuilder performing vertical construction at Clear Lake Reserve.
CANBY, ORE. — Trammell Crow Co. (TCC) and Affinius Capital have broken ground on Sequoia Logistics Center, a Class A speculative logistics facility in Canby, approximately 20 miles south of Portland. Slated for completion by January 2027, the 778,720-square-foot Sequoia Logistics Center will feature 4,000 amps of power capacity, 143 loading docks, 224 trailer spaces and 798 auto parking spaces. Project partners include Mackenzie as architect and Perlo Construction as general contractor. Teams from KBC Advisors in Seattle and Kidder Mathews in Portland, Ore., are marketing the project for lease.
FORT LAUDERDALE, FLA. — GFO Investments and InSite Group, in partnership with Atlas Real Estate and Prime Finance, have acquired The Galleria at Fort Lauderdale, with plans to redevelop the 800,000-square-foot mall. Robert Given, Brad Capas and Casey Rosen of CBRE represented the seller, Keystone-Florida Holding Corp., in the transaction. The sales price was not disclosed. GFO and InSite Group will oversee redevelopment efforts, while Sandeep Mathrani of Atlas Hill Real Estate will lead leasing at the property. Galleria Mall, an underperforming, super-regional shopping center, will be reimagined into a community-focused destination. Detailed plans for the redevelopment will be released in the coming months. Keystone-Florida Holding Corp. originally listed the mall for sale in 2023, which was only 67 percent occupied after losing tenants such as Lord & Taylor, SAKS Fifth Avenue and Neiman Marcus, according to South Florida Business Journal. Current tenants include Aldo Shoes, Apple, Blue Martini, H&M, Macy’s, Michael Kors, P.F. Chang’s, the Capital Grille and Zales.
SCHAUMBURG, ILL. — UrbanStreet Group has broken ground on a 30-acre retail district at Veridian in the Chicago suburb of Schaumburg. The first phase of the district is expected to open in 2027 for apartments; retail turnover is slated for fall 2026. The Veridian project involves the transformation of the former Motorola campus. The first phase of the retail district will include 100,000 square feet of walkable retail and international cuisine, anchored by a 26,000-square-foot The Fresh Market grocery store along with 321 apartments and year-round community programming. At full build-out, the district will include more than 200,000 square feet of retail and restaurant space and more than 600 apartment units, adding to the 225-acre Veridian site that is already home to Topgolf; corporate users such as The Boler Co., Zurich North America, Motorola Solutions and DR Horton; and multiple residential communities. The groundbreaking is the latest milestone for the project, which began a decade ago. In 2015, Motorola announced it would relocate its headquarters to downtown Chicago. The following year, UrbanStreet Group acquired the property and began planning the redevelopment. In 2018, the Village of Schaumburg approved a new zoning ordinance, clearing the way for Veridian’s master plan. By …
KENOSHA, WIS. — McShane Construction Co. will build a 174,367-square-foot manufacturing build-to-suit project in Kenosha. The undisclosed tenant will utilize the space for manufacturing and warehousing metal products. Positioned on an 86-acre site, the precast building will include 77,100 square feet of manufacturing space and 52,500 square feet of warehouse space with a clear height of 40 feet, 10 truck docks and four drive-in doors. The building will also feature 9,000 square feet of office space and 171 parking stalls. As part of the project, McShane will build a bridge, bringing railroad tracks to the site. Completion is slated for June 2026. Harris Architects Inc. is the project architect.
By Sean Slater, senior principal, RDC Architecture & Planning In today’s evolving retail landscape, one of the most promising — and often overlooked — opportunities lies in the land surrounding our nation’s hospitals and medical centers. As healthcare systems continue to expand and consolidate, savvy development executives recognize the immense potential of strategically positioning retail properties in locations that are adjacent to major medical facilities. Doing so combines consistent foot traffic, demographic advantages and an urgent need for community-focused amenities. This was the scenario that RDC’s placemaking design team faced at the Texas Medical Center’s (TMC) new TMC3 research and development campus south of the massive healthcare cluster near downtown Houston. On any given day at that sprawling site, more than 100,000 people — about the seating capacity of the Los Angeles Memorial Coliseum — come to work, while 27,400 patients visit one of the 21 associated hospitals. Many of them are international visitors staying at local hotels with significant downtime. Kristen Kupperman, TMC’s vice president of design, construction and facilities, introduced RDC’s design team to this problem, saying that there are 80,000 women who work at TMC every day, yet there is nowhere to get a manicure and nowhere …
NORTH FRANKLIN TOWNSHIP, PA. — A partnership between Los Angeles-based Industrial Realty Group (IRG) and Cleveland-based PREP Funds has acquired Washington Crown Center, a 450,000-square-foot mall near Pittsburgh, with plans to undertake a redevelopment. As reported by regional media outlet Observer-Reporter, as well as several other media sources, IRG and PREP Funds are jointly investing $40 million for the transformation of the former mall into a mixed-use hub for retail and business that will be called Franklin Crossroads Park. In addition, according to Pittsburgh Business Times, New York-based Kohan Retail Investment Group originally purchased the mall for $20 million in 2016 and began marketing the property for sale in 2024. Construction of Franklin Crossroads Park, which is situated 30 miles south of Pittsburgh in Washington County along I-70, is set to begin this fall. Meanwhile, a portion of the mall will remain open through the end of the year. “Our vision is to diversify the site’s use by attracting new retailers and businesses to the property,” says Chris Salata, partner at PREP Funds. “This adaptive reuse project will significantly improve the facility and bring new economic activity.” Redevelopment plans for Franklin Crossroads Park currently call for the creation of a 100,000-square-foot retail …
GALVESTON, TEXAS — An American affiliate of Canadian shipbuilder Davie will open a $1 billion ‘icebreaker’ factory in the southeastern coastal Texas city of Galveston, according to reports from multiple publications that cover that industry, including The Maritime Executive and Marine Insight. According to the former publication, the factory will be located within the city’s Gulf Copper Yard and will be purpose-built for manufacturing ships for the U.S. Department of Defense and its polar exploration initiatives. The latter publication reports that Davie is developing the factory in partnership with Pearlson, a Florida-based specialist in shipyard design and program management. Marine Insight also reports that the project could support more than 7,000 jobs across Texas and have a regional economic impact of about $9 billion.