NEW YORK CITY — Local brokerage firm Ariel Property Advisors has arranged the $25.5 million sale of commercial development site in the Mott Haven area of The Bronx. The site at 261 Walton Ave. spans 25,182 square feet and can support up to 181,000 square feet of buildable product. Jason Gold, Victor Sozio and Gabriel Elyaszadeh of Ariel represented the undisclosed seller in the transaction. The buyer was Zeta Charter Schools.
POMPANO BEACH, FLA. — Frampton Construction has completed the first phase of Race Track Logistics Pompano, a 1.5 million-square-foot industrial development underway in Pompano Beach. Developed by Boston-based Rockpoint Group and designed by Ware Malcomb, Phase I of the project included the vertical construction of four buildings totaling 620,738 square feet. The 87-acre site is situated within the master plan of The Pomp, a $2 billion, 223-acre mixed-use campus that is anchored by the Harrah’s Pompano Beach Casino, Topgolf. Race Track Logistics Pompano features two-story glass storefronts, specialized exterior design elements, expansive landscaping and a TPO roofing system. The LEED-certified project, which is now welcoming its first tenants, offers a mix of custom spaces and speculative office suites that support a range of logistics and distribution users. CBRE is handling leasing for the development.
SAN DIEGO — Rexford Industrial is developing a Class A, single-tenant industrial building located at 9323 Balboa Ave. in San Diego’s Kearny Mesa submarket. Slated for completion in the second quarter of 2027, the freestanding property will feature 166,734 square feet of warehouse space, 10,817 square feet of office space, 36-foot clear heights, 24 dock-high loading doors, two grade-level doors and 208 parking stalls. Additional features will include solar production energy, EV charging stations, LED lighting and TPO roofing with high solar reflectivity value. The site provides immediate access to I-15 and State Route 163, allowing for convenient connections to State Route 52 and interstates 8 and 805. Bill Dogan, Ryan Sparks and Chris Pascale of CBRE are handling leasing for the property.
ALGONQUIN, ILL. — Peak Construction Corp. will serve as the general contractor for Building 4 at 90 & Randall Logistics Park in Algonquin. NorthPoint Development is the developer. The 428,900-square-foot speculative warehouse will feature a clear height of 40 feet, 44 dock doors, four drive-in doors, 104 trailer stalls and 277 car spaces. The project is slated for completion in the fourth quarter. The project team includes architect studioNorth and civil engineer Atwell. The industrial park is located at the intersection of I-90 and Randall Road.
CHICAGO — Moyer Properties has begun pre-leasing efforts for The Maven, an 84-unit luxury apartment community at 537 W. Drummond Place in the heart of Chicago’s Lincoln Park neighborhood. Cross Street, the leasing and marketing firm for the property, is conducting guided hard-hat tours. Move-ins will begin June 15. The seven-story building offers a variety of residences ranging from 415 to 1,047 square feet, with monthly rents starting at $2,395. Amenities include a fitness center, coworking lounge, rooftop terrace, pet spa, package room and bicycle storage. ParkFowler Plus designed The Maven, and Summit Design + Build served as the general contractor.
RICHARDSON, TEXAS — A joint venture between High Street Residential, a subsidiary of Trammell Crow Co., and Tokyu Land Corp. has broken ground on a 281-unit multifamily project in the northeastern Dallas suburb of Richardson. The site is located at 110 E. Polk St. in the downtown area, and the complex will feature studio, one- and two-bedroom units that will range in size from 590 to 1,340 square feet. Amenities will include a pool, clubroom, coworking areas, grilling stations, a fitness center, dog wash station and a package room. WDG Architects designed the project, and Andres Construction is serving as the general contractor. Completion is slated for the fourth quarter of 2027.
HOUSTON — PAGEWOOD has purchased a 14,000-square-foot office and retail building at 1440 Brittmoore Road in West Houston with plans to undertake a redevelopment. The local owner-operator plans to occupy 6,000 square feet within the building for its new headquarters and to tenant the remainder of the space with food-and-beverage and/or fitness concepts. The project, which will be known as The Outpost at Brittmoore, is expected to be complete in the fourth quarter.
NASHVILLE, TENN. — Crescent Communities has broken ground on NOVEL Richland Creek, a 277-unit multifamily development located in west Nashville. The Charlotte-based firm is co-developing the community with San Francisco-based Stockbridge Capital Group, which owns the adjacent Lion’s Head Village, a shopping center anchored by Trader Joe’s. Designed by KTGY, NOVEL Richland Creek will feature studio, one-, two- and three-bedroom apartments, as well as 4,800 square feet of retail space and direct trailhead access to the Richland Creek Greenway. Amenities will include a lobby with a café and wine bar, maker and wellness spaces, coworking and book club room areas, a rooftop pool and indoor and outdoor gathering spaces. The design-build team includes ESG (interior design), EM Structural (structural engineer), Lighthouse Engineering (MEP engineer), Barge Civil Associates (civil engineer) and Hawkins Partners (landscape architect). J.P. Morgan provided an undisclosed amount of construction financing to Crescent and Stockbridge Capital.
YONKERS, N.Y. — Marx Realty is underway on construction of a 58,000-square-foot retail expansion project in Yonkers, located just north of New York City. The project will add two new buildings totaling 14,000 and 44,000 square feet to Cross County Center, a 1.2 million-square-foot development that first opened in 1954. The project also includes construction of a 4-acre park. A tentative completion date was not announced.
CHULA VISTA, CALIF. — Ryan Cos. US and equity partner Strata Equity Group have opened VAYA on Axia, a multifamily property in the Otay Ranch submarket of Chula Vista. The 340,000-square-foot project is situated within the master-planned community of Millenia. VAYA on Axia features 278 apartments, 482 parking spaces, a resort-style pool and spa, a rooftop deck, pet amenities, a fitness center, resident clubhouse, bike maintenance and storage facilities, electric vehicle chargers and community green areas. Additionally, the property offers an 1,180-square-foot commercial space that is a public coworking space, including a podcast studio. Ryan served as the developer and builder for the project.