Development

Cushman & Wakefield Arranges Construction Loan for 198-Unit Multifamily Project in Belmar, New Jersey

by Taylor Williams May 19, 2026

BELMAR, N.J. — Cushman & Wakefield has arranged an undisclosed amount of construction financing for Mara by Vermella, a 198-unit multifamily project in Belmar, located along the Jersey Shore. Mara by Vermella will be situated on a 3.2-acre site and will include 20 affordable housing units, as well as 5,480 square feet of retail space. Amenities will include a pool, fitness center with a yoga studio, coworking and resident lounge and outdoor grilling and dining stations. John Alascio, Chuck Kohaut and Meredith Donovan of Cushman & Wakefield placed the loan through PNC Bank on behalf of the borrower, Russo Development.

May 19, 2026

Development Georgia Multifamily Southeast

Woodfield Tops Out 325-Unit Apartment Community in Atlanta

by John Nelson May 19, 2026

ATLANTA — Woodfield Development has topped out Woodrow House, a 325-unit apartment community located at 840 Woodrow St. SW in Atlanta. The property sits along the Westside Trail of the Atlanta Beltline, a 22-mile urban trail loop in Atlanta. The developer has begun leasing units at Woodrow House, with monthly rental rates ranging from $1,300 to $3,000. The property will comprise mid-rise apartment buildings, two-story live-work units and townhomes, as well as over 12,000 square feet of retail space facing a new spur of the Beltline. Sixty-six of the units will be reserved as workforce housing. Amenities will include a resort-style pool with outdoor lounge areas and grilling stations; sky deck; fitness center; coworking spaces, including a private conference room and dedicated creator studio; and a dog park and pet spa. The project team includes Fortune Johnson (general contractor), Dynamik Design (architect), Krywicki Interior Design (interior design) and Kimley-Horn (civil engineer and landscape architect). Initial townhome deliveries are expected in July, with the first multifamily units anticipated in September, according to Woodfield.

May 19, 2026

Development Florida Industrial Southeast

Stotan, CrossHarbor Capital to Develop 306,980 SF Industrial Property on Florida’s Space Coast

by John Nelson May 19, 2026

TITUSVILLE, FLA. — A partnership between Chicago-based Stotan Industrial and CrossHarbor Capital Partners plans to develop NASA Causeway Logistics Center, a two-building industrial project totaling 306,980 square feet in Titusville, a city on Florida’s Space Coast in Brevard County. The 28.6-acre site, located within Vector Space Business Park, will sit immediately adjacent to the NASA Causeway and approximately five miles from Kennedy Space Center. NASA Causeway Logistics Center will comprise the 215,460-square-foot Building A and the 91,520-square-foot Building B. The buildings will offer 32-foot clear heights, up to 85 dock-high doors, four drive-in doors, more than 300 auto parking spaces and 55 trailer parking spaces. Lightle Beckner Robison advised Stotan in the land deal. Construction will begin immediately, with delivery anticipated in second-quarter 2027.

May 19, 2026

Wintergreen-Distribution-Center-Hutchins-Texas

Development Industrial Texas

KCC Underway on 266,788 SF Industrial Build-Out in Hutchins, Texas

by Taylor Williams May 18, 2026

HUTCHINS, TEXAS — Chicago-based Krusinski Construction Co. (KCC) is underway on the tenant build-out of Wintergreen Distribution Center, a 560,030-square-foot industrial project in Hutchins, a southeastern suburb of Dallas. The project is a build-to-suit for HVAC products and systems provider Cooper & Hunter, which will occupy about half the space within the building. Completion is slated for June. Designed by Azimuth Architecture and delivered in 2024 by IAC Properties, Wintergreen Distribution Center sits on a 34-acre site and features 40-foot clear heights, four drive-in doors and parking for 328 cars and 151 trailers.

May 18, 2026

Development Healthcare Texas

Pinecroft Breaks Ground on $16.2M Healthcare Project in Shenandoah, Texas

by Taylor Williams May 18, 2026

SHENANDOAH, TEXAS — Local development and investment firm Pinecroft has broken ground on a $16.2 million healthcare project in The Woodlands, located north of Houston. The project, a 39,883-square-foot medical office building, is fully preleased to providers in specialty practices such as primary care, nephrology, urology, cardiology and infectious diseases. Browne McGregor Architects designed the project, and O’Donnell Snider Construction is serving as the general contractor. Completion is slated for early 2027.

May 18, 2026

California Development Mixed-Use Western

Lendlease, Aware Super Open Habitat Mixed-Use Campus in Los Angeles

by Amy Works May 18, 2026

LOS ANGELES — Lendlease, in joint venture with Aware Super, has opened Habitat, a two-building live-work-thrive campus in Los Angeles. Located at 3411 S. La Cienega Blvd., the campus includes Habitat Residences, a 12-story residential building, and a six-story, 260,000-square-foot creative office building. Designed by SHoP Architects, with Steinberg Hart acting as architect of record, the buildings are situated on a 3.5-acre campus. The residential component includes 260 studio, one- and two-bedroom apartments and penthouses on the top two floors. Apartments include quartz countertops, full quartz backsplashes, full-height windows and balconies or terraces in 50 percent of the units. Community amenities include a resort-style deck with an outdoor pool, spa, shaded cabanas, grilling stations and al fresco dining areas, a rooftop bookable dining room and outdoor terrace and an indoor-outdoor fitness center. The property also includes a fleet of Habitat-branded e-bikes for residential use, coworking space, a social lounge, media room, library, dedicated storage, pet spa, dog run and dining room with planned chef demonstrations, wine tastings and seasonal pop-ups. Kelly Wearstler and Jules Wilson Design Studio designed the interiors of the residential building. The office portion includes 40,000-square-foot to 50,000-square-foot floor plates, 14-foot floor-to-floor heights and private terraces, as …

May 18, 2026

California Development Loans Multifamily Office Western

Silicon Valley Initiative Partnership Receives $74.1M in Financing for Office-to-Residential Conversion Project in San Jose

by Amy Works May 18, 2026

SAN JOSE, CALIF. — Silicon Valley Initiative Partnership has received $74.1 million in financing for the conversion of the historic Bank of Italy building, located at 12 S. 1st St. in downtown San Jose, into a mixed-use residential and retail property. Deutsche Bank provided the financing. Originally constructed in 1926, the 13-story office tower will be transformed into a 126,000-square-foot multifamily and commercial space. The residential portion will feature 109 studio, one- and two-bedroom, market-rate apartments complemented by a fitness center, lounge and an outdoor terrace. Dave Karson, Chris Moyer, Alex Lapidus and Chris Meloni of Cushman & Wakefield arranged the financing on behalf of of the borrower.

May 18, 2026

Development Georgia Leasing Activity Retail Southeast

Ardent Signs Sprouts Farmers Market to Anchor Crossroads Shopping Center in Savannah

by Abby Cox May 18, 2026

SAVANNAH, GA. — The Ardent Cos. has signed Sprouts Farmers Market to anchor Crossroads Shopping Center, a 92,000-square-foot retail center located in Savannah. Ardent will redevelop 28,000 square feet for the addition of Sprouts Farmers Market, as well as a second retail suite. In addition to repositioning the tenant mix, the Atlanta-based real estate firm will also upgrade the property’s façade. Demolition is expected to begin this summer, with a targeted opening in 2027. The development marks Sprouts Farmers Market’s first location in Savannah.

May 18, 2026

Development Florida Multifamily Southeast

Aventon Breaks Ground on 270-Unit Residential Development in Tampa

by Abby Cox May 15, 2026

TAMPA, FLA. — Aventon Cos. has broken ground on Aventon Eva, a 270-unit multifamily development located at the intersection of Little and Decubellis roads in Tampa. The developer will begin leasing the three-story, garden-style complex in July 2027. Aventon Eva will offer one-, two- and three-bedroom floorplans, as well as a resort-style swimming pool, clubhouse with dedicated remote workspace, pet spa and a 24/7 fitness center. The property marks Aventon’s third ground-up community in the Tampa Bay region. The project team includes Cormia Design (architect) and Studio 5 Interiors (interior designer).

May 15, 2026

Acquisitions Development Multifamily Southeast Tennessee

Alliance Residential to Develop 312-Unit Apartment Community in Mt. Juliet, Tennessee

by Abby Cox May 15, 2026

MT. JULIET, TENN. — Alliance Residential has purchased 10 acres within McFarland Farms, a 110-acre mixed-use project in Mt. Juliet, approximately 17 miles east of Nashville. The Scottsdale, Ariz.-based developer plans to build a 312-unit apartment community on the site. Eric Deems and George Schubert of Atlanta-based Land Advisors Organization represented Alliance Residential in the land transaction. Further details of the multifamily development were not released. In addition to the new apartments, McFarland Farms will include a town center that compromises a mix of 184 townhomes and 175 single-family homes, as well as 35,000 square feet of commercial space for restaurants, retail and entertainment uses; a 4,300-square-foot public greenway; dog park; and a community amphitheater. The five-phase development, which broke ground in early 2025, is being developed by Tulit Investment and is expected to be fully delivered in 2030.

May 15, 2026

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