Development

Ironworkers Local 63 Opens 12,000 SF Training Center in Broadview, Illinois

by Kristin Harlow June 24, 2024

BROADVIEW, ILL. — Ironworkers Local 63 has opened its new 12,000-square-foot training center at 2525 Lexington St. in Broadview, about 12 miles west of downtown Chicago. Dubbed the “glass house” and designed by Gensler, the property is visible from I-290. Tradespeople within Ironworkers Local 63 help build the glass facades on skyscrapers in Chicagoland. Inside, the facility provides lab-like instruction spaces, a pressurized testing chamber, five-ton bridge crane and adaptable training structure. Skyline Construction was the general contractor.

June 24, 2024

Development Industrial Texas Top Stories

Toyota Plans $531M Expansion at Manufacturing Facility in San Antonio

by Taylor Williams June 24, 2024

SAN ANTONIO — Toyota is planning a $531 million expansion of its manufacturing facility in San Antonio, which is informally known as Toyota Texas. The initiative is expected to create more than 400 new full-time jobs. The centerpiece of the expansion will be the development of a new 500,000-square-foot facility that will be dedicated to producing drivetrain parts such as transmission systems, driveshafts, axles and wheels. A construction timeline was not disclosed. The Japanese automaker’s San Antonio plant spans about 2,000 acres and has been in operation for nearly two decades. The facility is the exclusive home of the Tundra truck and all-hybrid Sequoia SUV, both of which are assembled on the same production line. The plant rolled out approximately 181,000 new vehicles in 2023 alone. To date, Toyota’s investment in the facility and the surrounding regional economy is approximately $4.7 billion. “Toyota Texas’ $531 million investment to expand its manufacturing facility in San Antonio and create over 400 good-paying jobs is a testament to Texas’ unmatched business-friendly environment, low taxes and skilled workforce,” says Texas Gov. Greg Abbott. — Taylor Williams

June 24, 2024

Development Florida Loans Multifamily Southeast

Meridian Capital Group Arranges $67.5M Construction Loan for Natura by Murbeck Multifamily Community in Gainesville, Florida

by Hayden Spiess June 21, 2024

GAINESVILLE, FLA. — Meridian Capital Group has arranged a $67.5 million loan for the construction of Natura by Murbeck, a multifamily community that will be situated at 6224 S.W. 20th Street in Gainesville. Murbeck Investments is the borrower and developer. Greystone provided the two-year, non-recourse loan, which will transition to a permanent loan. Upon completion, the property will feature 315 apartments in one-, two- and three-bedroom layouts. Amenities at the community will include a pool, pickleball courts, gym and garages. Monthly rental rates at the property will range from $1,780 to $2,800. A construction timeline was not disclosed.

June 21, 2024

Development Industrial Southeast Virginia

Condair Group to Develop $57.2M Production Facility Near Richmond, Virginia

by Hayden Spiess June 21, 2024

CHESTERFIELD COUNTY, VA. — Condair Group AG, an evaporative technologies manufacturing company, has announced plans to develop a $57.2 million production facility in Chesterfield County, roughly 20 miles southwest of downtown Richmond. Scheduled to begin operations in early 2025, the development will span 400,000 square feet. Governor Glenn Youngkin of Virginia approved a $700,000 grant from the Commonwealth’s Opportunity Fund for the project, which will create 180 new jobs, according to a press release issued by Chesterfield County. Condair is also eligible to receive state benefits from the Major Business Facility Job Tax Credit, as well as The Port of Virginia Economic and Infrastructure Development Zone Grant Program. Condair also considered South Carolina as a location for the facility.

June 21, 2024

Development Multifamily Texas

Woodfield Development Breaks Ground on $101M Northwest Village Apartments in Fort Worth

by Taylor Williams June 21, 2024

FORT WORTH, TEXAS — Woodfield Development has broken ground on Northwest Village, a $101 million multifamily project in Fort Worth. The site is located within Traditions at Northwest Village, a 47-acre master-planned development. Northwest Village will comprise 455 apartments across two buildings on a 15-acre site. Units will come in studio, one-, two- and three-bedroom layouts. Amenities will include private conference rooms and individual offices, a fitness center, two-story sky lounge, game room with golf simulator and indoor putting green, two pools and an outdoor lounge area. The project team for Northwest Village includes general contractor OHT Partners, architect Corgan, interior designer Thrive Interior Design and civil engineering firm Westwood. Travis Anderson and Cory Fowler of JLL arranged senior and mezzanine financing for the project.

June 21, 2024

Development Multifamily Northeast

NRP Group Breaks Ground on 200-Unit Multifamily Project in Harrison, New York

by Taylor Williams June 21, 2024

HARRISON, N.Y. — Cleveland-based developer The NRP Group has broken ground on a 200-unit multifamily project in Harrison, about 25 miles north of Manhattan. The five-story building will be situated on a 10-acre site, five acres of which will be set aside as public green space with walking trails, a dog park and a community garden. Units will come in studio, one- and two-bedroom floor plans, with 5 percent of residences to be reserved for households earning 80 percent or less of the area median income. Minno & Wasko Architects and Planners is designing the project, which NRP Group is developing in partnership with local owner-operator RPW Group. Completion is slated for 2026.

June 21, 2024

Development Healthcare Midwest South Dakota

Kraus-Anderson Completes $7.6M Renovation Project for Prairie Lakes Healthcare in South Dakota

by Kristin Harlow June 21, 2024

WATERTOWN, S.D. — Kraus-Anderson has completed a $7.6 million critical care unit (CCU) and kidney dialysis unit renovations for Prairie Lakes Healthcare at 401 9th Ave. NW in Watertown, a city in eastern South Dakota. Designed by BWBR Architects, the 15,000-square-foot project was constructed in two phases. The first phase included the second-floor CCU, featuring eight new patient rooms and a dedicated air handler. The second phase featured the new kidney dialysis unit with 10 new infusion bays, including two isolation rooms.

June 21, 2024

Development Multifamily South Carolina Southeast Student Housing Top Stories

Landmark Properties Acquires 67-Acre Site for Cottage-Style Student Housing Community in Columbia, South Carolina

by Jeff Shaw June 21, 2024

COLUMBIA, S.C. — Landmark Properties has acquired a 67-acre development site located near the University of South Carolina campus in Columbia. Landmark plans to construct an 826-bed cottage-style student housing community at the site. The community will offer fully furnished units in two- through six-bedroom floor plans. Landmark will begin construction imminently and plans to deliver the project in August 2026. Units will be wired for high-speed internet and will feature hardwood-style laminate floors, quartz countertops, stainless-steel appliances and full-sized washers and dryers. Community amenities will include an outdoor pool complex with a sun deck, cabanas, hammocks, a Jumbotron and outdoor grilling stations; a sand volleyball court; sports simulator; fire pits; a 24-hour fitness center; study spaces; and a computer lab. Residents will also have access to a complimentary shuttle service for commuting to and from the University of South Carolina campus and downtown Columbia. Landmark Cottage Construction, the company’s in-house general contractor, will manage construction of the project. The development site is situated at 1050 Idlewild Blvd., less than a mile from the university’s Williams-Brice football stadium. The site is located adjacent to a parcel earmarked for the University of South Carolina’s stadium project, a $1 billion modernization initiative …

June 21, 2024

Development Mixed-Use New Jersey Northeast

Togus Urban Renewal to Develop 1.5 MSF Film, TV Production Campus in Bayonne, New Jersey

by Taylor Williams June 20, 2024

BAYONNE, N.J. — An entity doing business as Togus Urban Renewal LLC will develop 1888 Studios, a 1.5 million-square-foot film and TV production campus in the Northern New Jersey community of Bayonne. The 58-acre project will ultimately feature 17 buildings, 23 sound stages ranging in size from 18,000 to 60,000 square feet and 350,000 square feet of production support space. The development will also include office, storage and amenity space, as well as a parking garage and a five-acre public green space. Construction is expected to be complete by late 2026. The New Jersey Economic Development Authority provided an unspecified amount of tax credit equity to help finance the project.

June 20, 2024

Development Massachusetts Multifamily Northeast Seniors Housing

United Group Breaks Ground on 123-Unit Active Adult Project in Worcester, Massachusetts

by Taylor Williams June 20, 2024

WORCESTER, MASS. — The United Group of Cos. Inc. has broken ground on The Arbella at Bramble Hill, a 123-unit active adult project that will be located in the central Massachusetts community of Worcester. The property will span 17 acres and offer one- and two-bedroom apartments across three buildings. The community will also feature an 8,500-square-foot clubhouse. JLL arranged a $35 million construction loan through The Washington Trust Co. for the project, which is scheduled for a spring 2025 completion.

June 20, 2024

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