Development

ECI Group Breaks Ground on $60M Mixed-Use Development in Metro Savannah

by Abby Cox September 8, 2025

RICHMOND HILL, GA. — ECI Group has broken ground on The Avery Richmond Hill, a $60 million mixed-use development located in Richmond Hill, approximately 15miles south of Savannah. ECI Construction is the general contractor, and Synovus Bank and CIBC are providing construction financing for the project. A timeline for completion for the overall development was not released, but the retail pad sites are scheduled for delivery in the first quarter of 2026. Ashley Smith and Tyler Mouchet of Colliers | Savannah will market the 3.5 acres of retail space for ground lease tenants. The Avery Richmond Hill will also include 291 residential units comprising 243 one-, two- and three-bedroom floorplans, along with 48 three-bedroom townhomes that feature two-car garages. A mix of amenities will be available for residents such as an 8,400-square-foot clubhouse, fitness center, coworking spaces, automated package facilities, two courtyards, swimming pool and a dog park.

September 8, 2025

Affordable Housing Development Multifamily New York Northeast

Douglaston Development Nears Completion of $320M Multifamily Project in Brooklyn

by Taylor Williams September 8, 2025

NEW YORK CITY — Douglaston Development is nearing completion of a $320 million multifamily project at 1057 Atlantic Ave. in the Bedford-Stuyvesant neighborhood of Brooklyn. The 17-story building will have 456 units, 138 units of which will be reserved as affordable housing, as well as 31,000 square feet of retail space. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a fitness center, lounge, golf simulator, game room, screening room, children’s playroom and a landscaped rooftop deck, as well as 31,000 square feet of ground-floor retail space. Construction topped out last February. Leasing will begin in the coming weeks.

September 8, 2025

Development Multifamily New York Northeast

Partnership Begins Leasing 131-Unit Multifamily Project in Brooklyn

by Taylor Williams September 8, 2025

NEW YORK CITY — A partnership between William Macklowe Co. and GreenBarn Investment Group has begun leasing Paseo on Fifth, an 131-unit multifamily project located in the Park Slope area of Brooklyn. Designed by SLCE Architects with interiors by Durukan Design, the property offers studio, one- and two-bedroom units and amenities such as a fitness center, children’s playroom, social suite and a rooftop lounge. Rents start at approximately $3,100 per month for a studio apartment.

September 8, 2025

California Development Loans Multifamily Seniors Housing Western

JLL, HJ Sims Secure $80.1M in Tax-Exempt Bond Financing for Sunrise Senior Living Community in Long Beach

by Amy Works September 8, 2025

LONG BEACH, CALIF. — JLL Capital Markets and HJ Sims have closed $80.1 million in tax-exempt bond financing for the development of Sunrise of Long Beach, a Sunrise Senior Living community in Long Beach. On behalf of Quality Senior Housing Foundation and Sunrise Senior Living, JLL’s Seniors Housing Capital Markets team, in collaboration with the bond underwriting teams of HJ Sims and JLL Securities, secured financing through California Public Finance Authority Senior Living Revenue Bonds, Series 2025A. Located at 3340 N. Los Coyotes Diagonal, the two-story, 78,227-square-foot community will feature 62 assisted living and 24 memory care apartments across 102 licensed beds. Assisted living accommodations will include generously sized studio layouts with private bathrooms, kitchenettes with refrigerators and individually controlled HVAC systems, while memory care offerings will include both private studios and shared suites designed to accommodate couples or roommate preferences. Community amenities will include a wellness center, multiple dining venues, including a formal dining room and casual bistro, a library, theater room, fitness center, beauty salon and four secure landscaped courtyards. The project team includes Sunrise Development as developer, W.E. O’Neil Construction Co. as general contractor and HPI Architecture providing design services. Construction is slated for completion in first-quarter 2027.

September 8, 2025

Development Industrial Texas Top Stories

TCC, Daiwa House Complete 1.3 MSF Industrial Project in Southwest Houston

by Taylor Williams September 8, 2025

HOUSTON — A joint venture between Trammell Crow Co. (TCC) and Japanese developer Daiwa House has completed Blue Ridge Commerce Center, a 1.3 million-square-foot industrial project in southwest Houston. Construction began in August 2024. The site spans 92 acres at the northwest corner of Fort Bend Parkway and McHard Road in Fort Bend County. The development consists of five buildings that range in size from 153,928 to 431,017 square feet. The buildings feature a mix of front-load, rear-load and cross-dock configurations with clear heights that range from 28 to 36 feet. Seeberger Architecture designed the project, and E.E. Reed Construction served as the general contractor. Sumitomo Mitsui Banking Corp. financed the development, and CBRE is marketing the space for lease. Another project partner, Linco Construction, undertook infrastructure improvements as part of the project, which included new public roads, traffic signals, underground utilities, a regional storm water detention pond and public sidewalks. “The greater Houston region continues to prove itself as a magnate for modern logistics and manufacturing users,” says George Farish, principal at TCC. “With immediate access to major transportation corridors including the Fort Bend Parkway, Beltway 8 and U.S. Highway 90, we’re confident that Blue Ridge will serve as …

September 8, 2025

Colorado Development Multifamily Seniors Housing Western

Ventas Completes $3.7M Renovation at Liberty Heights Seniors Housing Property in Colorado Springs

by Amy Works September 5, 2025

COLORADO SPRINGS, COLO. — Ventas has completed a $3.7 million renovation at Liberty Heights, its senior living community in Colorado Springs. The project included updates to the property’s dining room, resident corridors and shared spaces, with improvements to lighting, flooring and finishes. Blackcomb Construction Group partnered with the owner on the renovation. Situated on 26 acres, Liberty Heights totals 234 residences and offers a full continuum of care. Senior Lifestyle manages the property on behalf of Ventas.

September 5, 2025

Development Midwest Ohio Retail

Topgolf to Open New Venue in Suburban Cleveland in Two Weeks

by Kristin Harlow September 5, 2025

AVON, OHIO — Topgolf will open its new venue in Avon, about 20 miles west of downtown Cleveland, on Friday, Sept. 19. The facility is located at 35343 Chester Road and will employ roughly 200 people. Topgolf Avon features 64 outdoor climate-controlled hitting bays spanning two levels. Each bay has lounge-type furniture or high-top tables. The venue is equipped with Toptracer technology, which traces each golf ball’s flight path, distance and other metrics. The venue also features a full-service restaurant and bar, private event space and outdoor patio.

September 5, 2025

Development Illinois Industrial Midwest

Seefried Breaks Ground on 64,421 SF Spec Industrial Development in Woodridge, Illinois

by Kristin Harlow September 5, 2025

WOODRIDGE, ILL. — Seefried Industrial Properties has broken ground on a 64,421-square-foot speculative industrial development at 10321 Beaudin Blvd. in Woodridge. The Class A facility is designed to serve a wide range of industrial users and will be available for sale or lease upon completion, which is slated for the first quarter of 2026. Situated on a 3.8-acre site within the International Business Center, the building will include 13 exterior docks, two drive-in doors, a clear height of 32 feet, 68 car parking stalls and office build-to-suit space. Divisible to 25,000 square feet, the building is designed to serve both single and multi-tenant users. The project site provides convenient access to the I-55 and I-355 interchanges. Rowan McDonnell, Traci Payette and Stephanie Park of CBRE are marketing the development for sale or lease. The project team includes Keeley Construction, Harris Architects Inc. and Jacob & Hefner Associates Inc. as civil engineer.

September 5, 2025

Development Industrial Midwest Minnesota

Kraus-Anderson Completes 41,250 SF Manufacturing Facility in Hibbing, Minnesota

by Kristin Harlow September 5, 2025

HIBBING, MINN. — The Duluth office of Kraus-Anderson has completed a new manufacturing facility for Advanced Machine Guarding Solutions (AMGS) in Hibbing, a city in northeast Minnesota. The 41,250-square-foot building is owned by the Hibbing Economic Development Authority. Designed by Widseth Architects, the project features a 35,000-square-foot manufacturing area and a 3,750-square-foot office. AMGS manufactures steel perimeter guarding for machines and robotics. Construction began in August 2024.

September 5, 2025

Development Multifamily New Jersey Northeast

Hornrock Properties Completes 110-Unit Apartment Complex in Old Tappan, New Jersey

by Taylor Williams September 5, 2025

OLD TAPPAN, N.J. — Locally based developer Hornrock Properties has completed Park & Arbor, a 110-unit apartment building in Old Tappan, located on the New York-New Jersey border. The property houses one-, two- and three-bedroom units and 21,000 square feet of retail and restaurant space. Indoor amenities include a fitness center, café, conference rooms, package lockers, children’s playroom and a clubroom/speakeasy with a bar, arcade, card table and billiards. Outside, residents have access to a pool, grilling and dining areas, multiple gardens/courtyards, putting green, pet walking area and a bocce ball court. Mary Cooke Associates handled interior design of the project. Leasing launched last fall. Rents for available one-bedroom apartments start at $3,800 per month.

September 5, 2025

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