Development

Hamilton Development Begins Construction on 1.8 MSF Industrial Park in Smyrna, Tennessee

by John Nelson March 25, 2026

SMYRNA, TENN. — Hamilton Development has broken ground on Cornerstone Business Park, a 152-acre industrial park located at 5481 W. Jefferson Pike in Smyrna, a southeast suburb of Nashville. Situated off I-840, the industrial park will feature 12 buildings spanning 1.8 million square feet upon full build-out. Hamilton Development began construction on Phase I of Cornerstone Business Park, which features eight buildings spanning 1 million square feet. The first buildings are set for delivery in first-quarter 2027. Phase II will comprise four buildings totaling 800,000 square feet. Hamilton Development, which has 14 industrial parks in the Nashville market, has tapped Hayes McWilliams and Henry Sherer of Cushman & Wakefield to lease Cornerstone Business Park.

March 25, 2026

Acquisitions Development Northeast Pennsylvania

Capano Buys Downtown Philadelphia Apartment Building for $23.7M, Plans Renovation

by Taylor Williams March 25, 2026

PHILADELPHIA — Delaware-based investment firm Capano Residential has purchased Rittenhouse Row Apartments, an 80-unit apartment building in downtown Philadelphia, for $23.7 million, with plans to implement a renovation. The 13-story building at 1601 Sansom St., which was originally constructed in 1910 and converted to residential use in the 1990s, was 94 percent occupied at the time of sale. Capano plans to demolish the entire floor to construct four additional apartments, as well as to renovate the leasing office, relocate and enhance the existing fitness center and create a new tenant amenity space.

March 25, 2026

Arizona Development Multifamily Western

Ascent Cos., Merit Partners Open 286-Unit Multifamily Community in Avondale, Arizona

by Amy Works March 25, 2026

AVONDALE, ARIZ. — Ascent Cos. and Merit Partners have opened The Stately Avondale, an apartment property located at 12375 W. Van Buren St. in Avondale. Bryten Real Estate Partners is providing management services for the property. The Stately Avondale features 286 one-, two- and three-bedroom residences with custom finishes and upscale details. Units feature stainless steel appliances, marble-like quartz countertops, tile backsplashes, full-size Wi-Fi-enabled washers/dryers, Nest smart thermostats, USB-C kitchen outlets, blackout roller shades and luxury vinyl plank flooring. Onsite amenities include a resort-style pool and spa with lounges and cabanas, pickleball courts, two dog parks with wash station, mini mart and a 24/7 fitness center. Additional amenities include private garages with electric vehicle charging ports, coworking stations, outdoor entertainment spaces with grills and fireplaces and mobile app-controlled access for seamless conveniences.

March 25, 2026

Development Industrial Michigan Midwest

Chobani Plans $567M Expansion of La Colombe Plant in West Michigan

by Kristin Harlow March 25, 2026

NORTON SHORES, MICH. — Chobani has unveiled plans for a multi-phase, $567 million expansion of its La Colombe plant in the western Michigan town of Norton Shores. The project is expected to add more than 200,000 square feet of production space and nearly 340 new jobs, while retaining 312 jobs. The company says demand is surging for La Colombe’s signature ready-to-drink lattes. La Colombe first started in Philadelphia in 1994, making crafted coffee in cafes across the country. In 2016, the brand launched its ready-to-drink lattes, which are made in Norton Shores with locally sourced milk. Chobani, which manufactures yogurt, oat milk and creamers, acquired La Colombe in 2023.

March 25, 2026

Development Georgia Life Sciences Southeast Top Stories

UCB to Invest $2B for Biopharmaceutical Manufacturing Campus in Northeast Georgia

by Kristin Harlow March 25, 2026

DACULA, GA. — Global biopharmaceutical company UCB has unveiled plans to invest $2 billion to establish its first U.S. pharmaceutical biologics manufacturing campus in Dacula, a city within metro Atlanta’s Gwinnett County. The new facility is expected to create 330 new jobs over the next several years at Rowen, a mixed-use innovation district focused on global health, agriculture and environmental sustainability. The 2,000-acre “knowledge community” is planned along Ga. Highway 316. The new 460,000-square-foot facility will anchor 79 acres that UCB purchased off Rowen Parkway. Brussels, Belgium-based UCB maintains an existing presence in Georgia. The company’s North American headquarters is located in Smyrna and currently supports more than 400 jobs spanning expertise in neurology and immunology. UCB is focused on developing innovative medicines for people living with severe neurological and autoimmune conditions such as epilepsy. UCB’s new manufacturing footprint marks the first major private investment at Rowen and the largest capital investment in Gwinnett County’s history. UCB says it will leverage advanced manufacturing technologies, including artificial intelligence, robotics and automation, while prioritizing efficient use of natural resources. Jean-Christophe Tellier, CEO of UCB, says the project is expected to generate approximately $5 billion in total economic impact, including more than 1,000 …

March 25, 2026

Development Maryland Seniors Housing Southeast

Erickson Senior Living Breaks Ground on 1,000-Unit Independent Living Community in Metro Baltimore

by John Nelson March 24, 2026

CLARKSVILLE, MD. — Erickson Senior Living has broken ground on Oxford Hills, a new independent living community in Clarksville, roughly 30 miles southwest of downtown Baltimore. The 62-acre development is approved for more than 1,000 units upon full build-out. Amenities at the property will include multiple dining venues, under-building parking, an indoor pool, fitness center, outdoor gathering areas, classrooms and social spaces. Erickson Senior Living plans to open Oxford Hills in late 2028. Future additional phases will include assisted living and continuing care neighborhoods.

March 24, 2026

Civic Development Georgia Industrial Southeast

Georgia Ports Authority to Open $134M Gainesville Inland Port in May

by John Nelson March 24, 2026

GAINESVILLE, GA. — The Georgia Ports Authority plans to open the Gainesville Inland Port, a $134 million inland port in the northeast Georgia city of Gainesville, on May 4, 2026. The 104-acre project will give manufacturers and suppliers in the region an alternative to a 600-mile roundtrip truck route by providing direct Norfolk Southern rail service between the inland port and the Port of Savannah. The Georgia Ports Authority estimates that the new inland port will replace approximately 26,000 roundtrip truck routes in the inland port’s first year of operation. The Gainesville Inland Port, formerly known as the Blue Ridge Connector, will have an annual capacity of 200,000 containers. The Georgia Ports Authority is currently executing a nearly $5 billion infrastructure investment plan over the next decade to expand berths, yards, gates, inland ports and rail capacity for the state’s port network, headlined by the Port of Savannah.

March 24, 2026

Development Multifamily Texas

NRP Group Breaks Ground on 675-Unit Multifamily Redevelopment Project in East Austin

by Taylor Williams March 24, 2026

AUSTIN, TEXAS — The NRP Group, a Cleveland-based multifamily owner-operator, has broken ground on Phase I of a 675-unit multifamily redevelopment project in East Austin. Developed in partnership with the Austin Independent School District, the project will convert the former Anita Ferrales Coy School, located on an 18-acre site at 4812 Gonzales St., into a mixed-income community. The Austin Business Journal reports the redevelopment project has a total cost of approximately $142 million. The first phase will add 341 units to the local supply, while the second phase, which is expected to begin later this year, will comprise 334 units. About half of the apartments will be reserved for households earning between 60 and 80 percent of the area median income. The Urban Investment Group at Goldman Sachs Alternatives provided construction debt for the project, and Clarion Partners provided an equity investment. The school closed in 2018, after which time the property was used as an alternative learning center.

March 24, 2026

Civic Development Texas

Skanska USA Breaks Ground on 66,309 SF Academic Project in Wylie, Texas

by Taylor Williams March 24, 2026

WYLIE, TEXAS — Skanska USA Building has broken ground on the 66,309-square-foot Career and Technical Education facility at Collin College’s Wylie campus on the northeastern outskirts of Dallas. The facility will support education and training for fields such as welding, HVAC repair/maintenance and veterinary technology, among other disciplines. Completion is slated for summer 2027.

March 24, 2026

Affordable Housing California Development Multifamily Western

Bogard Construction Breaks Ground on 100-Unit Educator Housing Project in Santa Cruz, California

by Amy Works March 23, 2026

SANTA CRUZ, CALIF. — Bogard Construction, in partnership with Santa Cruz City Schools, has broken ground on the district’s first Educator Housing Community at 313 Swift St. The property will offer 100 below market-rate apartments designated for district teachers and staff. Funded through voter-approved Measures K and L, the project is being delivered through an Alternative Design-Build approach with Bogard, Santa Cruz Schools, EHDD and Studio VARA working together throughout the process to align budget, constructibility, site planning and program goals. The 120,000-square-foot community will feature studio, one-, two- and thee-bedroom apartments, along with site improvements and renovations to two existing buildings on the property. Architecturally, the project is organized into smaller neighborhoods across three distinct masses connected by elevated bridges and exterior walkways. Completion is slated for 2028.

March 23, 2026

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