Development

Lincoln, Bridge Investment Group Open 175-Unit RiverRow Multifamily Community in Santa Cruz

by Amy Works March 17, 2026

SANTA CRUZ, CALIF. — Lincoln Property Co. and Bridge Investment Group have completed RiverRow, an apartment property overlooking the San Lorenzo River in downtown Santa Cruz. Located at 414 Front St., RiverRow features 175 studio, one-, and two-bedroom apartments, including townhomes. Twenty units are designated as affordable. Community amenities include a fitness center, bike and surf storage/repair facilities, a resident lounge with coworking spaces, a pet-wash station and two roof decks with river and ocean views. Additionally, the property features outdoor seating overlooking the river and a designated food truck space, as well as below-grade and ground-floor parking. Totaling nearly 250,000 square feet, the three-building development also includes nine retail spaces. Project partners include BDE Architecture, Western National Builders, DCI Engineers, Emerald City Engineers and Poppy Bank. The property is managed by The REMM Group, a Southern California-based third-party management firm recently acquired by Lincoln.

March 17, 2026

Development Illinois Midwest Multifamily

Skender Tops Out Construction of 32-Story Apartment Tower in Chicago’s Fulton Market

by Kristin Harlow March 17, 2026

CHICAGO — General contractor Skender and developer VISTA Property have topped out Pearl Fulton Market, a 32-story apartment tower in Chicago’s Fulton Market district. Located at 370 N. Morgan St. and designed by Antunovich Associates, the Class A luxury building will total 539,000 square feet with 494 units. Floor plans will range from studios to two bedrooms, with 99 affordable units. Amenities will include a 30th-floor deck, yoga terrace, fire pits, outdoor grill kitchens, a fitness center, coworking areas, private event rooms and a golf simulator. A four-story podium will house approximately 190 parking spaces, and the property will feature more than 4,500 square feet of ground-level retail space. Luxury Living is handling marketing and leasing, which is expected to begin in January 2027. First move-ins are anticipated in spring 2027.

March 17, 2026

Development Mixed-Use Texas

Accesso to Undertake Mixed-Use Redevelopment of 911,574 SF Office Campus in Northwest Austin

by Taylor Williams March 16, 2026

AUSTIN, TEXAS — Accesso, a Florida-based owner-operator, will undertake a mixed-use redevelopment of 7700 Parmer, a 911,574-square-foot office campus in northwest Austin. Plans for the redevelopment call for up to six office building totaling roughly 798,000 square feet, as many as 1,800 multifamily units, approximately 80,000 square feet of retail and restaurant space and a boutique hotel that could have as many as 340 rooms. The campus currently consists of four buildings on 129 acres and offers amenities such as an auditorium, café, fitness center, soccer and baseball fields, a volleyball court and a daycare center. Accesso has received the necessary zoning changes for redevelopment and plans to break ground in 2027, with construction expected to last several years.

March 16, 2026

Development Multifamily New York Northeast

Partnership Begins Leasing 187-Unit Multifamily Project in Brooklyn

by Taylor Williams March 16, 2026

NEW YORK CITY — A partnership between Ailanthus, BEB Capital and SK Development has begun leasing One Sunset, a 187-unit multifamily project in Brooklyn’s Sunset Park neighborhood. Designed by dencityworks | architecture with interiors by Alchemy Studio, the 14-story building offers one-, two- and three-bedroom floor plans, with 46 units reserved as affordable housing. Amenities include a fitness center, game/media room, coworking lounge, private dining/entertainment areas and a rooftop terrace. Corcoran New Development is leading the residential leasing efforts. Rents start at roughly $3,200 per month for a one-bedroom apartment.

March 16, 2026

Development Hospitality New York Northeast

Emerson Hospitality Underway on Hotel Redevelopment Project in Esopus, New York

by Taylor Williams March 16, 2026

ESOPUS, N.Y. — Emerson Hospitality is underway on a hotel redevelopment project in Esopus, located roughly midway between New York City and Albany. The project will convert Black Creek Barns, a historic 153-acre estate, into a 70-room hotel and resort via the restoration of six historic structures and construction of new cabins and suites. Amenities will include a 7,000-square-foot indoor event hall, a 9,000-square-foot craft and design hall, a pool, wellness center and two dining venues. Institutional Property Advisors, a division of Marcus & Millichap, arranged $38 million in construction financing, including $19 million in C-PACE debt, for the project, which is slated for a late-2027 completion.

March 16, 2026

Development Hospitality Midwest Ohio

PENN Entertainment to Open New 203-Room Hotel at Hollywood Casino Columbus on June 12

by Kristin Harlow March 16, 2026

COLUMBUS, OHIO — PENN Entertainment Inc. (NASDAQ: PENN) is set to open the new hotel tower at Hollywood Casino Columbus on Friday, June 12, pending customary regulatory approvals. The 203-room, 150,000-square-foot hotel will feature 183 standard rooms and 20 luxury suites, a full-service restaurant named The Hill Eatery & Lounge, conference rooms, a fitness center and outdoor seating terrace. Guests will be able to book rooms beginning April 15. The hotel will add roughly 100 new jobs to the west side of Columbus. Grand opening celebrations will take place on June 12, highlighted by an outdoor festival and concert. In addition to the hotel, Hollywood Casino Columbus will also introduce an expanded high limit table games room in the second half of 2026, pending customary regulatory approvals. Operated by PENN Entertainment, Hollywood Casino Columbus is located off I-270 West. The 160,000-square-footgaming facility features slot machines, table games, a retail sportsbook and the largest poker room in Ohio, according to PENN. Dining options include The Lounge at Final Cut Steak & Seafood, The Sportsbook, Mikey’s Late-Night Slice, Dirty Frank’s Hot Dog Palace, Zen Noodle and Wahlburgers. The property also offers more than 16,000 square feet of multi-purpose banquet and event space.

March 16, 2026

Development Multifamily North Carolina Southeast

Woodfield Completes 354-Unit Apartment Community in Huntersville, North Carolina

by Abby Cox March 16, 2026

HUNTERSVILLE, N.C. — Woodfield Development has completed Merritt Apartments, a 354-unit multifamily community located in Huntersville, about 12 miles north of Charlotte. Situated on roughly 23 acres at 13111 Tadeo Drive, Merritt Apartments offers a mix of studio, one-, two- and three-bedroom floorplans that range in size from 758 to 1,813 square feet. Monthly rental rates begin at $1,466. Amenities include a fitness center with a yoga studio, coworking and lounge spaces, private dining areas, an entertainment courtyard with a putting green and amphitheater-style seating, resort-style swimming pool and cabanas, electric vehicle charging stations, a dog park, pet spa and direct access to nearby green spaces. Select residences also feature private fenced yards, mudroom-style entries, built-in shower benches, smart thermostats and controlled-access entry. The project team included Fosselman Construction (general contractor), Housing Studio (architect) and Shelton Taylor Associates (interior design).

March 16, 2026

Acquisitions Development Florida Industrial Southeast

TCC Acquires 10 Acres in Metro Tampa, Plans 136,714 SF Speculative Warehouse

by Abby Cox March 16, 2026

THONOTOSASSA, FLA. — Trammell Crow Co. (TCC) has purchased 10 acres of land in Thonotosassa, roughly 14 miles northeast of Tampa. The Dallas-based firm plans to develop a 136,714-square-foot speculative warehouse on the site called New Tampa Commerce Center. Designed by C4 Architecture and constructed by FCL Builders, New Tampa Commerce Center is expected to be delivered in January 2027. The shallow bay warehouse will feature 32-foot clear heights, car parking spaces and immediate access to U.S. Highway 301 and I-75.

March 16, 2026

Development Mixed-Use South Carolina Southeast

Pinckney Begins Vertical Construction of 34-Acre Mixed-Use Development on Johns Island in South Carolina

by Abby Cox March 16, 2026

JOHNS ISLAND, S.C. — Locally based Pinckney Partners has begun vertical construction on South Island Market, a 34-acre mixed-use development located on Johns Island, about 13 miles south of Charleston. Upon completion, the project will feature 82,000 square feet of retail, dining and office space across eight buildings, along with 79 townhomes built by Toll Brothers and 16 acres of preserved open space. Roper St. Francis Healthcare and Daniel Ravenel Sotheby’s International Realty will anchor the development. South Island Market is expected to open in spring 2027. The first phase of South Island Market comprises five buildings across 45,000 square feet of commercial space. With the addition of the anchors and several pending agreements, Phase I is now 53 percent leased. Hannah Kamba and Tim Rowley of Coldwell Banker Commercial Atlantic (CBC Atlantic) are handling leasing for the project.

March 16, 2026

Development Leasing Activity Restaurant Retail Texas

NewQuest Inks Three Ground Leases at Texas Heritage Marketplace in Katy

by Taylor Williams March 13, 2026

KATY, TEXAS — Local owner-operator NewQuest has inked a trio of ground leases at Texas Heritage Marketplace, the local owner-operator’s $400 million mixed-use development in the western Houston suburb of Katy. The deals are with Olive Garden (7,825 square feet), Chase Bank (3,443 square feet) and Whataburger (3,305 square feet). David Meyers and Bob Conwell internally represented NewQuest in all lease negotiations. Traci Holman of Baker Katz represented Olive Garden. Scott Gardner of Main Street Commercial represented Whataburger, and James Namken and Kyle Knight of Weitzman represented Chase Bank.

March 13, 2026

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