Thursday, July 31, 2025
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DevelopmentGeorgiaMultifamilySoutheast

Madison Communities Secures $35.5M Construction Financing for Multifamily Development in Savannah

by John Nelson

SAVANNAH, GA. — Madison Communities, the multifamily development affiliate of Madison Capital Group, has secured a $35.5 million loan for the construction of Madison Oglethorpe, a 240-unit, garden-style apartment community in Savannah. United Bank provided the financing. Forum Investment Group has also provided preferred equity for the development. Amenities at the community will include a clubhouse and lounge with coworking space, a fitness center, outdoor lounge, swimming pool, grilling stations and a fire pit. The project team includes architect SGA|NW and general contractor BenCo Construction, an affiliate of Madison Capital. Completion is scheduled for late 2025.

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Leander-Tech-Park
DevelopmentIndustrialTexas

St. John Properties to Develop 270,000 SF Industrial Project in Leander, Texas

by Taylor Williams

LEANDER, TEXAS — Baltimore-based St. John Properties will develop Leander Tech Park, a 270,000-square-foot industrial project that will be located on the northern outskirts of Austin. Situated on 50 acres, Leander Tech Park will comprise eight buildings ranging in size from 31,560 to 50,639 square feet that will be developed in phases. The first phase will consist of two buildings totaling roughly 90,000 square feet. Construction of Phase I will start later this year and is expected to be complete in the third quarter of 2025. Leander Tech Park will also feature 18,850 square feet of inline retail space. Colin Tierney and Taylor Golden of Gold Tier Real Estate represented the seller, steel fabricator Zekelman Industries, in the disposition of the land.

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DevelopmentOfficeTexas

O’Donnell Snider Completes $6M Renovation of Law Firm’s Downtown Houston Office Space

by Taylor Williams

HOUSTON — General contractor O’Donnell Snider has completed a $6 million renovation of the 55,718-square-foot office headquarters space of law firm Chamberlain Hrdlicka at Two Allen Center in downtown Houston. The two-story space features an internal connecting staircase, four conference rooms, a café-inspired breakroom and an open-air lobby. Gensler served as the project architect. Chamberlain Hrdlicka signed an office lease extension at Two Allen Center in 2022. Tim Relyea of Cushman & Wakefield represented the firm in that deal.

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2840-Atlantic-Ave.-Brooklyn
DevelopmentMultifamilyNew YorkNortheast

Moinian Group, Bushburg Begin Leasing 320-Unit Multifamily Redevelopment Project in Brooklyn

by Taylor Williams

NEW YORK CITY — A partnership between locally based developer The Moinian Group and Bushburg has begun leasing a 320-unit multifamily redevelopment project in the Cypress Hills area of Brooklyn. The development team converted the former Empire State Dairy site at 2840 Atlantic Ave. into a 14-story multifamily building with market-rate and affordable housing units, as well as 21,000 square feet of commercial space and an onsite charter school. Units come in studio, one-, two- and three-bedroom formats, and amenities include a rooftop terrace, fitness center, coworking space, tenant lounge and children’s play area. Valley Bank and Cross Valley Bank provided $105 million in construction financing for the project. Information on starting rents was not disclosed.

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DevelopmentMidwestOfficeWisconsin

Kraus-Anderson to Construct New Headquarters for Enerpac Tool Group in Downtown Milwaukee

by Kristin Harlow

MILWAUKEE — The Milwaukee office of Kraus-Anderson Construction will build the new corporate headquarters for Enerpac Tool Group in downtown Milwaukee. Currently located in Menomonee Falls, Enerpac will be relocating to the former ASQ Center at 648 N. Plankinton Ave. The building will be renamed Enerpac Center. The global manufacturer of industrial tools will occupy 50,000 square feet on the fourth floor. Approximately 130 employees will relocate downtown. American Society for Quality will continue to house its headquarters in the building. Creative Business Interiors provided full interior architectural design services. Enerpac’s space will feature a research and testing lab, open collaborative spaces, large conference rooms and offices. Plans also call for a fitness studio, eat-in café and updated restrooms. A full interior demolition of existing spaces will begin in early March and will combine the fourth floors of the existing north and south buildings, which are currently separate. Construction is slated to begin in late April and to be completed in late 2024 or early 2025.

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Point-Central-Biz-Park-Denver-CO
ColoradoDevelopmentIndustrialWestern

StarPoint Properties Nears Completion of 157,473 SF Point Central Business Park in Denver

by Amy Works

DENVER — StarPoint Properties is nearing completion of Point Central Business Park, a speculative industrial project situated on more than 9.5 acres in Denver. Commencing construction last summer, the park is scheduled for completion in the second quarter of this year. Located at 1051 E. 73 Ave., the 157,473-square-foot park features a 74,618-square-foot building and an 82,855-square-foot building. The development can accommodate occupier sizes ranging from 13,000 square feet to 157,000 square feet. Each building offers 2,358 square feet of high-end speculative office space, 2,000A/480V electrical and 32-foot clear heights. The park features 225 parking spaces, 27 dock-high truck doors (with the ability to add an additional 23 doors) and eight drive-in doors. Drew McManus, Bryan Fry and Ryan Searle of Cushman & Wakefield are marketing the property for lease.

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Data CentersDevelopmentIndustrialOfficeTexasTop Stories

Morales Capital Group Plans Redevelopment of 2.3 MSF Former Compaq Campus in Houston

by Jeff Shaw

HOUSTON — Morales Capital Group, an affiliate of Mexcor International, has unveiled redevelopment plans for Viva Center, a 2.3 million-square-foot office and warehouse complex on a 66-acre site in Houston. The developer plans to revitalize the facility to support the research and development of liquid-cooled IT equipment for supercomputing. Eduardo Morales, CEO of Mexcor International and Morales Capital Group, says he envisions the newly rebranded Viva Center as “a transformative tech hub that seamlessly blends Houston’s rich history with futuristic innovations. With a focus on integrating cutting-edge infrastructure and next-gen application platforms, Viva Center aims to lead the charge in shaping Houston’s technological landscape for years to come.”  Morales bought the property in 2022. The asset is part of a larger, sprawling, 300-acre campus that once served as the headquarters of Compaq, which was the largest home computer manufacturer of the 1990s. Fellow tech giant Hewlett-Packard bought Compaq in 2002 and has gradually sold off pieces of the campus, finally leaving the site entirely for a newly built, smaller building in the suburbs in 2022. For example, in 2009, Lone Star College purchased 1.2 million square feet of the property and turned it into a branch of the college. VivaVerse Solutions LLC will lead …

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Cold-Storage-Innovation-Business-Park-Hutto
DevelopmentIndustrialTexas

Titan, Sansone to Develop 208,560 SF Spec Cold Storage Facility in Hutto, Texas

by Taylor Williams

HUTTO, TEXAS — A partnership between regional firm Titan Development and St. Louis-based Sansone Group will develop a 208,560-square-foot speculative cold storage facility in the northern Austin suburb of Hutto. The facility will be located within Titan’s Innovation Business Park and will feature 50-foot clear heights. Construction is slated to begin in the second quarter. CBRE and locally based brokerage firm AQUILA Commercial have been tapped as co-leasing agents for the facility.

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DevelopmentGeorgiaLeasing ActivityMixed-UseRestaurantRetailSoutheast

GID Signs Five Tenants to Join $2B High Street Mixed-Use Development in Atlanta

by John Nelson

ATLANTA — GID Development Group has announced five more retail and restaurant concepts coming to High Street, the company’s $2 billion mixed-use development underway in Atlanta’s Central Perimeter submarket. The five newly announced tenants, totaling more than 31,000 square feet, include: — Jaguar Bolera: an “eatertainment” destination encompassing 21,500 square feet of food, beverage and entertainment space that will offer activities such as duckpin bowling, foosball, darts, board games and karaoke in private rooms; — South African restaurant concept Nando’s PERi-PERi, which will occupy a 3,300-square-foot flagship location with an 85-seat interior featuring South African art, lighting and furniture, as well as a patio for an additional 96 guests; — Velvet Taco’s second Atlanta location totaling 2,300 square feet; — Allen Edmonds, a high-end menswear retailer that is relocating its Park Place location to 1,800 square feet and will offer a custom shoe design studio; and — Skin Spirit, a med-spa concept that is opening its first location in Atlanta at High Street. Previously announced tenants include Puttshack, The Hampton Social, Agave Bandido, Cuddlefish, Ben & Jerry’s, and Sugar Coat. GID has secured over 80,000 square feet at High Street’s 150,000-square-foot retail footprint in Phase I, with additional new retailers and …

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DevelopmentSeniors HousingSoutheastVirginia

Focus Healthcare Completes $67M Renovation at The Virginian Seniors Housing Community in Fairfax, Virginia

by John Nelson

FAIRFAX, VA. ­— Focus Healthcare Partners has completed a $67 million renovation project at The Virginian, a 32-acre continuing care retirement community (CCRC) in the Washington, D.C., suburb of Fairfax. LCS operates the property. This remodel included adding an array of advanced technology, sustainability initiatives, lifelong learning opportunities and healthcare services. Amenities now include multiple dining venues, a wine cellar, sports bar, indoor golf simulator, theater, entertainment venues, three full-service salons, technology areas and a spa under development. Outdoor areas include a pickleball court, bocce ball court, putting green, a dog park and a fire pit area. In addition, renovations added an exclusive fifth-floor concierge level that offers its own dining room and bar. The one, two- and three-bedroom apartments were upgraded to include California closet design, electronic blinds, smart thermostats and smart lights that connect to a smartphone. The seven-story, 367,000-square-foot property now boasts four wings, offering 155 independent living apartments, 56 assisted living residences, 36 memory care units and 53 skilled nursing units.

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