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DevelopmentMidwestNorth Dakota

Kraus-Anderson Begins Construction of $78M Bolley Agricultural Research Laboratory at North Dakota State University

by Kristin Harlow

FARGO, N.D. — Kraus-Anderson has begun construction of the new $78 million Bolley Agricultural Research Laboratory at North Dakota State University (NDSU) in Fargo. The project is located on a greenfield site on the western edge of the university’s campus. Named after an early NDSU agricultural research pioneer, Henry Bolley, the 170,700-square-foot building marks one of the largest capital projects in the university’s history. The facility will feature dedicated spring wheat, durum and winter wheat lab spaces for North Dakota wheat producers. The research lab’s programs will also include plant pathology, plant breeding, weed science, agronomy, soil science and horticulture. Designed by JLG Architects and Clark & Enerson, the facility will include three 10,000-square-foot green houses; horticulture and plant science labs; seed coolers and freezers; seed drying line; and seed cleaning, processing and storage areas. Completion is slated for fall 2026.

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DevelopmentIllinoisIndustrialMidwest

TCC Breaks Ground on 788,000 SF Spec Warehouse in Metro Chicago

by Kristin Harlow

PLAINFIELD, ILL. — Trammell Crow Co. (TCC) has broken ground on a 788,000-square-foot speculative warehouse in Plainfield, about 40 miles southwest of downtown Chicago. The building marks the first speculative warehouse in Plainfield Business Center and is slated for completion in fall 2025. The facility will feature a clear height of 40 feet, 80 dock doors and 211 trailer stalls. The 52-acre site offers proximity to I-55 and I-80. Upon full build-out, Plainfield Business Center will total more than 8 million square feet. The project team includes Harris Architects, Krusinski Construction Co. and civil engineer Kimley-Horn and Associates. Matt Mulvihill and Phil DeBoer of CBRE represented TCC in acquiring the land and are marketing the property for lease.

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DevelopmentMidwestMultifamilyWisconsin

McShane Completes Construction of 70-Unit Apartment Complex in Madison, Wisconsin

by Kristin Harlow

MADISON, WIS. — McShane Construction Co. has completed The Derby, a 70-unit apartment complex with affordable housing units in Madison. Lincoln Avenue Communities was the developer. Income restrictions were not provided, but 14 of the units meet Wisconsin Housing and Economic Development Authority accessibility requirements. The project features 1,100 square feet of ground-floor office space for a local community group and 2,600 square feet of amenity spaces with a kitchen, fitness room, laundry room, outdoor space, playground and dog park. Knothe & Bruce Architects designed the four-story property. The project is Enterprise Green Communities Certified and features a full solar array system on the roof to power the common areas.

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DevelopmentIllinoisIndustrialMidwest

Saxum Real Estate Begins Development of 294,840 SF Cold Storage Project in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — Saxum Real Estate, along with its partner Black Salmon, has begun development of a 294,840-square-foot cold storage project for Arcadia Cold in Joliet. Marc Duval, Ed Halaburt and Wells Waller of JLL represented the owner in securing joint venture equity. Bank OZK is providing debt financing. Clayco is the general contractor. The project will feature a clear height of 50 feet and convertible rooms. Completion is slated for the first quarter of 2026. Arcadia is the seventh-largest cold storage operator in the U.S., according to a release.

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DevelopmentIndustrialNew YorkNortheastSelf-Storage

Diamond Point Development Breaks Ground on 800-Unit Self-Storage Facility in Carmel, New York

by Taylor Williams

CARMEL, N.Y. — Diamond Point Development has broken ground on an 800-unit self-storage facility in Carmel, about 60 miles north of New York City in the Hudson Valley region. The multi-story facility will comprise 81,000 net rentable square feet of climate-controlled space. Diamond Point is developing the facility in partnership with Dallas-based Rosewood Property Co. Extra Space Storage will manage the property, which is expected to be complete in late 2025.

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23Springs-Dallas
DevelopmentOfficeTexas

Granite Properties Tops Out 626,215 SF 23Springs Office Project in Uptown Dallas

by Taylor Williams

DALLAS — Granite Properties has topped out 23Springs, a 626,215-square-foot office project in Uptown Dallas. In addition to the 26-story office building, the development includes two separate restaurant buildings totaling roughly 16,000 square feet and a half-acre park. Granite Properties is developing 23Springs in partnership with North Carolina-based REIT Highwoods Properties (NYSE: HIW). Dallas-based GFF served as the project architect, and DPR Construction is the general contractor. Amenities will include a coffee and wine bar, indoor lounge with a golf simulator, fitness center, conference facilities and an outdoor lounge. Full completion is slated for spring 2025. The property is 60 percent preleased to tenants such as Deloitte, Sidley Austin LLP and Bank OZK, which also provided construction financing for 23Springs.

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Corporate-Drive-Industrial-Complex-Selma
DevelopmentIndustrialTexas

Ackerman Delivers 511,000 SF Industrial Project in Selma, Texas

by Taylor Williams

SELMA, TEXAS — Atlanta-based developer Ackerman & Co. has delivered Corporate Drive Industrial Complex, a 511,000-square-foot industrial property in Selma, located northeast of San Antonio. Building 1 at the property totals 274,000 square feet, and Building 2 totals 237,000 square feet. Building features include 32- to 36-foot clear heights, 60 dock doors, two drive-in bays and 647 parking spaces (expandable to 735). Ackerman developed the project in partnership with Baltisse US Inc. Partners Real Estate has been tapped as the leasing agent. Construction began in summer 2023.

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Bishop-Momo-Austin
DevelopmentMultifamilyTexas

United Properties Completes 274-Unit Bishop Momo Apartments in Austin

by Taylor Williams

AUSTIN, TEXAS — Minneapolis-based developer United Properties has completed Bishop Momo, a 274-unit apartment community in Austin’s St. Elmo District. Bishop Momo houses studio, one- and two-bedroom apartments as well as 6,000 square feet of street-level retail space. Amenities include a pool, fitness center, multiple lounges, coffee bar, dog run, conference room, package lockers and grilling stations. Belshaw Mulholland Architects designed Bishop Momo, and OHT Partners served as the general contractor. Rents start at approximately $1,450 per month for a studio apartment.

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DevelopmentRetailTexas

GBT Realty Underway on 50,632 SF Shopping Center in Burleson, Texas

by Taylor Williams

BURLESON, TEXAS — GBT Realty Corp., a developer based in the Nashville area, is underway on construction of a 50,632-square-foot shopping center in Burleson, located south of Fort Worth. Designed by Kansas-based BRR Architecture Inc., Burleson Commons will be located on a six-acre site the intersection of Southwest Wilshire Boulevard and Commons Drive. A 23,256-square-foot Sprouts Farmers Market will anchor the center, and discount retailer Five Below has also committed to a 9,000-square-foot space at Burleson Commons. Completion is scheduled for June 2025, with Sprouts set to open shortly thereafter.

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Trident-Logistics-Center-Revere-Massachusetts
DevelopmentIndustrialMassachusettsNortheast

Link Logistics, Saracen Properties Break Ground on 367,000 SF Industrial Project in Metro Boston

by Taylor Williams

REVERE, MASS. — A partnership between New York City-based Link Logistics Real Estate and locally based investment firm Saracen Properties has broken ground on a 367,000-square-foot industrial project in the eastern Boston suburb of Revere. The project represents Phase I of Trident Logistics Center, a 635,000-square-foot development that will be constructed on a speculative basis on a 23-acre site that is located about two miles from Logan International Airport and originally functioned as an oil tank farm. The Phase I building will feature a clear height of 40 feet and 60 loading docks. Gilbane Building Co. is handling construction, which is slated for a late 2025 completion.

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