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Development

Rev3-Encanto-West-Avondale-AZ
ArizonaBuild-to-RentDevelopmentProperty TypeSingle-Family RentalWestern

Trilogy Investment Opens 84-Unit Build-to-Rent Community in Avondale, Arizona

by Amy Works

AVONDALE, ARIZ. — Trilogy Investment Co. has opened Rêv3 at Encanto West, a townhome build-to-rent community in Avondale. Developed with Cimbra Partners, Rêv3 at Encanto West offers 84 three-bedroom/two-and-a-half bathroom townhomes with open-concept layouts, chef-inspired kitchens with stainless steel appliances and granite countertops, luxury vinyl plank flooring, smart home technology, attached garages and private backyards. Community amenities include a resort-style pool with cabanas, a clubhouse with gathering spaces, a fitness center and outdoor grilling areas. The community is now leasing, with first residents expected this fall.

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DevelopmentIllinoisIndustrialMidwest

Mapletree to Develop 418,880 SF Logistics Facility in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — Mapletree Investments has acquired a 29.4-acre site at 1035 W. Laraway Road in Joliet with plans to develop a logistics facility totaling 418,880 square feet. The transaction marks the company’s second acquisition in Joliet this year, following the May purchase of an 18.1-acre site at 3600 Houbolt Road where it will build a 276,000-square-foot warehouse. Both sites provide direct connectivity to the Joliet Intermodal Center — North America’s largest inland port — home to both the Union Pacific and BNSF Joliet Intermodal Terminals. The Laraway Road project will feature a clear height of 40 feet, 80 dock doors, 100 trailer stalls and 172 car parking spaces. Matthew Stauber and Steve Ostrowski of Colliers represented the seller and worked directly with Mapletree to secure the transaction. Mapletree currently owns and manages more than 10 million square feet of industrial assets in the Chicago market.

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Seahaus-Hotel-Atlantic-City
DevelopmentHospitalityNew JerseyNortheast

NewcrestImage Opens 105-Room Boutique Hotel in Atlantic City, New Jersey

by Taylor Williams

ATLANTIC CITY, N.J. — Texas-based hospitality owner-operator NewcrestImage has opened the 105-room Seahaus Hotel in Atlantic City. The boutique hotel, which occupies a full city block along the city’s boardwalk and includes 6,600 square feet of retail space, will be operated as part of Marriott’s Tribute Portfolio family of brands. In addition to multiple onsite food-and-beverage options, the hotel offers a fitness center, live weekend entertainment and customized golf, boating and wellness options through local vendor partners.

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The-Charley-Boston
DevelopmentMassachusettsMultifamilyNortheast

Berkeley Investments Begins Leasing 103-Unit Apartment Building in Boston

by Taylor Williams

BOSTON — Locally based developer Berkeley Investments has begun leasing The Charley, a 103-unit apartment building located in the Allston area of Boston. The six-story building houses studio, one-, two- and three-bedroom units that are furnished with quartz countertops and in-unit washers and dryers. Select residences have patios. Amenities include a rooftop deck with fire pits, grills and lounge seating, as well as dedicated work areas with a coffee bar, a community patio, fitness center and a dog park. Anja Park Design handled interior design of the project. Rents start at $2,500 per month for a studio apartment.

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DevelopmentIndustrialNortheastPennsylvania

Bosch Rexroth Breaks Ground on 50,000 SF Industrial Expansion Project in Bethlehem, Pennsylvania

by Taylor Williams

BETHLEHEM, PA. — Bosch Rexroth, a provider of industrial machinery, has broken ground on a 50,000-square-foot industrial expansion project in the Lehigh Valley city of Bethlehem. The new building at 2300 City Line Road will be an expansion of the company’s existing facility, which has been operating in the area for nearly 60 years. Regional developer J.G. Petrucci Co. is serving as the general contractor for the project. Construction is expected to be complete in mid-2026.

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new-red-bull-facility
DevelopmentIndustrialNorth CarolinaSoutheastTop Stories

Red Bull, Partners Break Ground on 2.3 MSF Bottling Plant in Concord, North Carolina

by Abby Cox

CONCORD, N.C. — Energy drink giant Red Bull, along with development partners Ball Corp. (NYSE: BALL) and Rauch North America, has broken ground on a 2.3 million-square-foot production, manufacturing and distribution bottling plant in Concord, a northeast suburb of Charlotte. The $1.5 billion investment, as disclosed by several media sources, is expected to begin operations in 2028, with maximized filling capacity anticipated by 2031. The Charlotte Business Journal reports that the companies originally bought the 500-acre site at the former Philips Morris cigarette plant site, now rebranded as The Grounds, in 2021 for $55 million, after first announcing their plans to open a facility. As additionally reported, the plan initially began as a $740 million project, but as the Cabarrus County Economic Development Corp. approved enhanced incentives in 2022, the project expanded. The fully automated Red Bull plant will now offer 170,000 pallet spaces, as well as internal conveyor bridges for intralogistics that will connect can manufacturing to co-packing to warehousing, and lastly, directly to customer deliveries to “minimize carbon emissions.” Ball Corp. will also build an 800,000-square-foot aluminum can plant at the industrial park. The company will produce packaging at the new facility for Red Bull, as well as other beverage …

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Affordable HousingDevelopmentFloridaSeniors HousingSoutheast

National CORE Obtains Funding for Affordable Seniors Housing Development in Gainesville, Florida

by John Nelson

GAINESVILLE, FLA. — KeyBank Community Development Lending and Investment has provided a $13 million construction loan to National CORE, a nonprofit developer, to finance Hawthorne Heights, an 86-unit affordable seniors housing project in Gainesville. KeyBank Commercial Mortgage Group also provided a $6.5 million Freddie Mac permanent loan for the project. National CORE also secured additional funding from Red Stone, which provided Low-Income Housing Tax Credit (LIHTC) equity and bonds from the Florida Housing Finance Corp. The property qualifies for tax abatement, which provides tax exemption for nonprofit-owned properties that commit to using it for providing affordable housing for a minimum of 99 years. Hawthorne Heights will serve seniors age 62 and older, with five units specifically set aside for individuals with special needs. The five-story building will be constructed on a 3-acre site, and, in addition to the special-needs units, will offer three apartments for residents earning no more than 22 percent of the area median income (AMI), nine apartments for households earning up to 40 percent of AMI and 74 apartments for households earning 60 percent or below AMI. Completion of Hawthorne Heights is slated for November 2026, and the lease-up period is expected to begin in August 2026. National …

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Kali-Hotel-Inglewood-CA
CaliforniaDevelopmentHospitalityWestern

KPC Development Tops Out 300-Room Kali Hotel and Rooftop in Inglewood, California

by Amy Works

INGLEWOOD, CALIF. — KPC Development Co. has topped out the construction of Kali Hotel and Rooftop, Autograph Collection, a $300 million hotel in Inglewood’s 300-acre Hollywood Park mixed-use development. Crescent Hotels & Resorts will manage the hotel, which will be part of Marriott Bonvoy’s global portfolio. Slated to open in September 2026, Kali Hotel and Rooftop will offer 300 guest rooms, including 34 suites, an all-day dining concept, lobby bar, pool and yoga deck, spa, fitness center and nearly 20,000 square feet of meeting and event space. The project team includes Clayco as general contractor, Lamar Johnson Collaborative as architect and Sixteenfifty Creative Intelligence and Gensler as interior designers.

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DevelopmentIndianaMidwestMixed-Use

Skender to Build $105M Mixed-Use Development in Westfield, Indiana

by Kristin Harlow

WESTFIELD, IND. — Skender will build a $105 million mixed-use project in downtown Westfield, a northern suburb of Indianapolis. Previously known as Jersey 32, the development was recently renamed The Grand on Main. The Westfield City Council approved the project in July. Plans call for 216 residential units, 51,000 square feet of ground-floor retail space and more than 15,000 square feet of commercial office space. Skender will also move into office space within the development. In addition to Skender, the project team includes BW Development and Studio M as designer. Construction is scheduled to begin later this year, with completion slated for 2027.

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DevelopmentMidwestMultifamilyWisconsin

M&R Development Breaks Ground on 278-Unit Luxury Apartment Community in St. Francis, Wisconsin

by Kristin Harlow

ST. FRANCIS, WIS. — M&R Development has broken ground on a 278-unit luxury apartment complex on a bluff overlooking Lake Michigan in St. Francis, about five miles south of downtown Milwaukee. Named The Bluffs on Lake, the project will offer units ranging from studios to three bedrooms. M&R is co-developing the property with Campbell Capital Group LLC, the same firm it teamed with for the development of 42 Hundred on the Lake, a 236-unit luxury building just south of The Bluffs on Lake that opened in 2021. Located on a 21-acre site at 3700 S. Lake Drive, The Bluffs on Lake will comprise a four- and five-story building with one level of underground parking and 8,000 square feet of first-floor retail space, some of which is earmarked for a restaurant with outdoor seating. First deliveries are targeted for late 2026 with preleasing expected to start that fall. The project will feature a business center, meditation room, Zen Garden, self-service package room and two-level fitness center. A two-story clubhouse will include an entertainment lounge, coffee bar, media room, game room and pet spa. A main outdoor courtyard will comprise an infinity-edge pool, grilling stations and bocce ball court. A second courtyard …

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