Development

Taurus, AOG Living Break Ground on 348-Unit Multifamily Project in East Austin

by Taylor Williams February 23, 2024

AUSTIN, TEXAS — A partnership between Taurus Investment Holdings and AOG Living has broken ground on The Evergreen at Whisper Valley, a 348-unit multifamily project in East Austin. Designed by The Sage Group and located within the 2,670-acre Whisper Valley master-planned community, the property will offer one, two- and three-bedroom units. Amenities will include a pool, fitness center, resident clubhouse, business center, beer garden, dog park and nature trails. Residents will also have access to a 600-acre public park. Delivery is slated for spring 2025.

February 23, 2024

Development Multifamily Texas

LYND Begins Leasing 261-Unit Josephine Apartments in San Antonio

by Taylor Williams February 23, 2024

SAN ANTONIO — Locally based developer LYND has begun leasing The Josephine, a 261-unit apartment community in San Antonio’s historic Pearl District. Designed by Austin-based Davies Collaborative, The Josephine offers one-, two- and three-bedroom units that range in size from 468 to 1,594 square feet. Amenities include a pool, fitness center, rooftop terrace, outdoor kitchen, game room, dog run and a library with conference rooms. Rents start at roughly $2,000 per month for a one-bedroom apartment. The first move-ins are scheduled to begin in late spring.

February 23, 2024

Development Loans Mixed-Use New York Northeast

United Group of Cos. Receives Construction Financing for Mixed-Use Project Near Albany

by Taylor Williams February 23, 2024

TROY, N.Y. — United Group of Cos. has received construction financing from Berkshire Bank for City Station North, a $42 million mixed-use project in Troy, located just outside of Albany. The project represents the fourth phase of the larger City Station development that began in 2009. The latest phase will feature 87 one- and two-bedroom apartments and Class A amenities, 40,000 square feet of office space that will be the future home of United Group’s headquarters and 154 covered and surface parking spaces. Project partners include QPK Design, Colliers Engineering & Design and Franco Construction Services. Completion is slated for late 2025.

February 23, 2024

Development New Hampshire Northeast Retail

Tractor Supply Co. Opens 39,097 SF Store in North Conway, New Hampshire

by Taylor Williams February 23, 2024

NORTH CONWAY, N.H. — Tractor Supply Co. has opened a 39,097-square-foot store in North Conway, located near the New Hampshire-Maine border. The facility, which was constructed from the ground up, consists of 19,097 square feet of retail space and 20,000 square feet of fenced outdoor display space. The store is the 21st in New Hampshire for Nashville-based Tractor Supply Co. Conway Development Partners LLC, a division of New England Retail Properties, owns the site.

February 23, 2024

Arizona Development Multifamily Student Housing Top Stories Western

Aptitude Development Breaks Ground on 485-Bed Student Housing Project Near Arizona State University

by Jeff Shaw February 23, 2024

TEMPE, ARIZ. — Aptitude Development has broken ground on The Marshall Tempe, a 485-bed student housing community near the Arizona State University (ASU) campus in Tempe. Situated at 1031 E. Apache Blvd. in the University Heights neighborhood, The Marshall Tempe is located approximately 1.3 miles from the university’s registrar office, 1.5 miles from the ASU Art Museum and one mile from the Sun Devil campus store. The Marshall Tempe is slated for completion prior to the fall 2026 semester. Planned amenities include a pool, cold plunge, sauna, study lounges and fitness center. BKV Associates designed the community. CHA Consulting is providing engineering services. Aptitude Development was founded in 2014 and is based in Elmwood Park, New Jersey. The Marshall Tempe will be the company’s 10th ground-up development. ASU had its largest enrollment class ever in 2023, with more than 144,000 students between online and in-person classes across all its campuses. In-person enrollment broke 80,000 students for the first time in the school’s history. — Channing Hamilton

February 23, 2024

Development Industrial Texas

Reports: Chick-fil-A Opens $100M Distribution Center in Hutchins, Texas

by Taylor Williams February 22, 2024

HUTCHINS, TEXAS — Atlanta-based fast food restaurant Chick-fil-A has opened a $100 million distribution center in Hutchins, a southern suburb of Dallas, according to reports from multiple news outlets including Fox 4 KDFW and The Dallas Express. Both publications report that the facility will span approximately 290,000 square feet, employ more than 200 people and serve more than 200 restaurants in the region. Chick-fil-A, which opened its 3,000th restaurant a couple months ago in Dallas, now operates seven distribution centers throughout the country.

February 22, 2024

Development Multifamily Texas

Trademark Breaks Ground on 321-Unit Vickery Apartments in Downtown Fort Worth

by Taylor Williams February 22, 2024

FORT WORTH, TEXAS — Trademark Property Co. has broken ground on The Vickery, a 321-unit multifamily project in downtown Fort Worth. Designed by GFF and developed in partnership with SCOA Real Estate Partners, The Vickery will consist of 307 apartments, 14 townhomes and a 5,300-square-foot restaurant with a second-story lounge. Residential amenities will include a pool, rooftop lounge, coworking space and two dog parks. First United Bank provided a $61 million construction loan for the project. Heather McClure and Jonathan Paine of Walker & Dunlop arranged the loan on behalf of Trademark. The first units are expected to be available for occupancy in spring 2026.

February 22, 2024

Affordable Housing Development Florida Loans Multifamily Southeast

Berkadia Secures $118.5M Construction Financing for Affordable Housing Development in Orlando

by John Nelson February 22, 2024

ORLANDO, FLA. — Berkadia has secured $118.5 million in financing for the construction of 52 at Park, a 300-unit affordable housing development located in Orlando. The financing includes a $73.5 million construction loan and $45 million in Low-Income Housing Tax Credit (LIHTC) equity. Chris McGraw and Tim Leonhard of Berkadia arranged the financing on behalf of the borrower, Lincoln Avenue Communities. 52 at Park will feature eight buildings comprising a mix of one-, two-, three- and four-bedroom units reserved for households earning 60 percent of the area median income (AMI). Amenities will include a business center, clubhouse, fitness center, pool, laundry room and a game room. The target delivery date was not disclosed.

February 22, 2024

Development Maryland Mixed-Use Southeast Student Housing

LV Collective to Develop 299-Unit Student Housing Project Near University of Maryland

by John Nelson February 22, 2024

COLLEGE PARK, MD. — LV Collective has announced plans to develop a 299-unit student housing development at 8133 Baltimore Ave. near the University of Maryland campus in the Lakeland neighborhood of College Park. The property is set to include 13,000 square feet of retail space, alongside a ground-level coffee shop and second-floor coworking space. The project will also feature a community center developed in collaboration with the Lakeland Civic Association and the Lakeland Community Heritage Project. The space will include a library and large flexible space for functions including presentations, art galleries and gatherings. The development team for the project, which is scheduled for completion in fall 2027, includes WDG Architecture, Bohler Engineering, John Moriarty & Associates and US-EcoLogic. Further details on the community were not disclosed. The development is LV Collective’s first in the state of Maryland.

February 22, 2024

Development Industrial Massachusetts Northeast

Rhino Capital to Develop 180,000 SF Manufacturing Facility in Taunton, Massachusetts

by Taylor Williams February 22, 2024

TAUNTON, MASS. — Boston-based investment firm Rhino Capital Advisors will develop a 180,000-square-foot manufacturing facility in Taunton, located south of Boston near the Massachusetts-Rhode Island border. The site spans 11.2 acres within Myles Standish Industrial Park, and the building will feature five loading docks and 270 parking spaces. CrowdStreet raised $11.5 million in funding for the project, construction of which is scheduled to begin in the first quarter and to last about a year.

February 22, 2024

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