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DevelopmentIllinoisMidwestRetail

Summit Design + Build Completes Two Burdeen’s Jewelry Locations in Chicago’s Gold Coast

by Kristin Harlow

CHICAGO — Summit Design + Build has completed an adaptive reuse project for Burdeen’s Jewelry at 120 E. Oak St. in Chicago’s Gold Coast as well as interior renovations to the existing Burdeen’s Jewelry store at 11 E. Walton St. at the base of the Waldorf Astoria. The 120 E. Oak St. project consisted of the interior build-out for Burdeen’s as well as two luxury flagship stores situated on either side. The two-story luxury jewelry store totals more than 10,000 square feet and shares an outer structure with Panerai and IWC. Project highlights include a watchmaking studio, transparent glass floor and large skylight. The location marks Burdeen’s fourth in the Chicago area. Hirsch MPG served as the architect. The renovated space at 11 E. Walton St. features individual luxury brand spaces for Jaeger-LeCoultre, Roger Dubuis and Piaget. Dunne Kozlowski was the architect.

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Constellation-485-South_Charlotte-N.C
DevelopmentIndustrialNorth CarolinaSoutheast

Constellation Plans 374,220 SF Speculative Industrial Building in North Carolina

by Hayden Spiess

CHARLOTTE, N.C. — Constellation Real Estate Partners has acquired 41.4 acres of land in Charlotte, with plans to develop a speculative industrial building at the site. Upon completion, the property, dubbed Constellation 485 South, will total 374,220 square feet. The rear-load building will feature 36-foot clear heights, trailer parking, ESFR sprinkler systems and LED lighting. ARCO Design/Build designed the development, which will accommodate tenant occupancies ranging from 100,000 to 374,000 square feet. Construction is scheduled to begin in July and expected to be completed in August 2025. Henry Lobb, Abby Rights and Garrott Braswell of Avison Young will manage marketing and leasing for the project, with Chris Skibinski of Avison Young providing capital markets strategic advisory services.

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The-Kendry_Charlotte-N.C
DevelopmentMultifamilyNorth CarolinaSoutheast

McShane Construction Co. Completes 300-Unit The Kendry Apartment Community in Charlotte, North Carolina

by Hayden Spiess

CHARLOTTE, N.C. — McShane Construction Co. has completed The Kendry, a 300-unit apartment community situated on 28 acres in Charlotte, on behalf of developer RangeWater Real Estate. Poole & Poole Architecture designed the development, which features 10,000 square feet of amenity space. Amenities at the property, which is positioned near the University of North Carolina at Charlotte campus, include a swimming pool, two courtyards with firepits, a dog park, fitness center, craft and game room, and workspace.

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Company NewsDevelopmentLouisianaProperty TypeRetailSoutheast

Batteries Plus Signs Six-Unit Franchise Deal in Louisiana

by Hayden Spiess

ALEXANDRIA, LA. — Wisconsin-based retail chain Batteries Plus has signed a six-unit franchise agreement in Louisiana. The first of the stores is scheduled to open in Alexandria this year, with additional locations planned throughout the state. Franchisees Duane Carmouche, Mitch Matthews and Mohamad Zeidan will own and operate the units. Batteries Plus’ current portfolio features more than 800 stores in the U.S., including 10 in Louisiana. Private equity firm Freeman Spogli owns the brand, which offers battery and repair services for a variety of electronics and vehicle uses. 

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Schrader-Farms-Biz-Chandler-AZ
ArizonaDevelopmentIndustrialWestern

Ryan Cos. Breaks Ground on 432,000 SF Schrader Farms Business Park in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — Ryan Cos. US has received financing and started construction of Schrader Farms Business Park, located at the northwest corner of Queen Creek and McQueen roads in Chandler. Totaling 432,000 square feet, the three buildings will each feature a privately secured yard, 32-foot clear heights, LED site lighting, air-conditioned warehouse, an ESFR sprinkler system and ample vehicle and trailer parking. Completion is slated for third-quarter 2025. Ryan Cos. is the developer and builder. Deutsche Architecture Group is the architect of record.

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Company NewsDevelopmentGeorgiaRestaurantRetailSoutheast

Jack in the Box Plans 15-Restaurant Expansion into Georgia

by Hayden Spiess

SAN DIEGO — San Diego-based Jack in the Box has announced plans to open 15 restaurants in Georgia, marking the first entry into the state for the fast-casual brand. According to a press release from the company, the new sites have not yet been selected, but plans include a focus on the Macon, Augusta and Savannah markets. A franchisee will own and operate the restaurants. Jack in the Box also recently announced a commitment to 30 new locations in Florida. 

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City-Food-Hall
DevelopmentGeorgiaRestaurantSoutheastStudent Housing

Landmark Properties to Open City Food Hall Near the University of Georgia

by Hayden Spiess

ATHENS, GA. — Landmark Properties has neared completion of City Food Hall within 19,681 square feet of retail space at The Mark Athens, a student housing development by Landmark Properties near the University of Georgia campus. The food hall will feature 10 chef-driven food concepts, a full-service bar, two state-of-the-art golf simulators and a variety of interactive games. The location is expected to open in fall 2025. Whitney Spangler and David Martos of Colliers International represented Landmark Properties, and Jason Hurst of Colliers International — who has since joined the team at CBRE — represented City Food Hall in the leasing transaction. The Mark Athens was developed in phases in 2017 and 2022. The community offers 1,364 beds of student housing; over 50,000 square feet of retail space; and 46,427 square feet of office space, which is 92 percent occupied by Landmark Properties’ corporate headquarters.

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Prosper-Arts-District
DevelopmentMixed-UseTexas

Capitalize Ventures Receives Zoning Approval for $300M Mixed-Use Project in Prosper, Texas

by Taylor Williams

PROSPER, TEXAS — Locally based developer Capitalize Ventures has received zoning approval from the Town of Prosper, about 40 miles north of Dallas, for a mixed-use project that is valued at roughly $300 million and will be known as Prosper Arts District. The 35-acre site is located at the northwest corner of Dallas North Tollway and Prosper Trail. Preliminary plans call for 515 multifamily units, three hotels and a retail village centered around a water feature display, to be developed in four phases. Phase I, which will include the development of core infrastructure, a sports-themed hotel, retail space and a parking garage, is set to begin later this year and to be complete in 2026. Gensler is leading the design of Prosper Arts District, which is ultimately expected to create about 400 full-time jobs and generate more than $1 billion in economic impact for the region.

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DevelopmentIndustrialNew JerseyNortheast

Seagis Property Group Completes 178,200 SF Industrial Project in Newark

by Taylor Williams

NEWARK, N.J. — Seagis Property Group has completed a 178,200-square-foot industrial project at 2013 McCarter Highway in Newark. Two tenants — the Newark Board of Education and skincare products provider Deciem — preleased space at the building, which features a clear height of 40 feet, 37 dock doors, an ESFR sprinkler system and parking for 127 cars and 42 trailers. Colliers serves as the landlord’s leasing agency. A CBRE team of Kate Granahan, Kevin Dudley, Chad Hillyer and Nicholas Klacik represented the tenants in both deals.

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DevelopmentMultifamilyNew JerseyNortheastSeniors Housing

Marquis Health Consulting Services Opens 101-Bed Skilled Nursing Facility in Florham Park, New Jersey

by Taylor Williams

FLORHAM PARK, N.J. — Marquis Health Consulting Services has opened Florham Park Rehabilitation & Healthcare Center, a 101-bed skilled nursing facility in Florham Park, about 30 miles west of New York City. The 43,000-square-foot facility is located on the former Lutheran Ministries healthcare campus and is undergoing a multi-phase renovation and modernization following an ownership change. Phase I focused on the updating and remodeling of patient areas and is complete. Phase II is underway and will introduce the largest rehabilitation therapy gym in the greater Morris County region.

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