Development

CCI to Develop 236-Unit Senior Living Community in Southern California

by Amy Works November 13, 2025

WOODLAND HILLS, CALIF. — CCI has announced plans for the development of a 236-unit luxury senior living community in Woodland Hills, roughly 25 miles northwest of Los Angeles. Upon completion, Livelle Mulholland will feature 200 independent living units, seven villas, 16 assisted living apartments and 13 memory care units. LCS will manage the community. Amenities at the property will include a wellness center with therapy pools, nature trails and outdoor game courts, underground and attached garage parking, a restaurant, wine bar and rooftop lounge, indoor and outdoor theaters and classrooms. Construction is scheduled to begin in the second quarter of 2026, with a grand opening planned for the second half of 2028. The project team includes architect Perkins Eastman and engineer KPFF. Envicom is handling environmental and land planning, and Carlberg Associates and Brenner Consulting Group are responsible for horticulture and permit administration, respectively.

November 13, 2025

Development Multifamily New Jersey Northeast

Value Cos. Completes Lease-Up of 24-Unit Apartment Complex in Clifton, New Jersey

by Taylor Williams November 13, 2025

CLIFTON, N.J. — Value Cos. has completed the lease-up of Phase II of The Point at Gateways in the Northern New Jersey community of Clifton. Located within the Gateways at Randolph development, the 24 Phase II apartments come exclusively in two-bedroom formats. Amenities at The Point at Gateways include a pool, fitness center, playground, outdoor grilling and dining stations and an event space with a catering kitchen, children’s playroom, video gaming lounge, workstations, billiards and TVs.

November 13, 2025

Development North Carolina Retail South Carolina Southeast

Food Lion Invests $484M to Upgrade 153 Grocery Stores Across the Carolinas

by John Nelson November 13, 2025

SALISBURY, N.C. — Food Lion is investing $484 million to enhance the customer shopping experience with 153 remodeled stores. The stores were unveiled on Nov. 5 throughout the greater Charlotte market. Founded in Salisbury in 1957, Food Lion operates more than 1,100 stores throughout 10 Southeastern and Mid-Atlantic states. Additionally, Ahold Delhaize USA, the parent company of Food Lion as well as Giant Food and Stop & Shop, recently announced it is investing $860 million for its new East Coast distribution hub in Burlington, N.C.

November 13, 2025

Acquisitions Development Hospitality Southeast Tennessee

City of Memphis Acquires 600-Room Sheraton Memphis Downtown Hotel, Plans Redevelopment

by John Nelson November 13, 2025

MEMPHIS, TENN. — The City of Memphis has acquired the Sheraton Memphis Downtown, a 600-room hotel located at 250 N. Main St. in downtown Memphis. The seller, an undisclosed institutional hotel investment firm, and the sales price were not disclosed, though local media outlets are reporting the asset traded for $22 million. Spencer Davidson and Tim Osborne of Hunter Hotel Advisors brokered the transaction. The city is partnering with Carlisle Development Group to overhaul and rebrand the property as Marriott Hotel Downtown Memphis. The hotel currently features 18,131 square feet of onsite meeting space, an indoor pool, fitness center and direct access via an enclosed skywalk to the 300,000-square-foot Renasant Convention Center, which recently underwent a $200 million modernization. Specific plans and construction timelines for the hotel redevelopment project were not released.

November 13, 2025

Development Multifamily North Carolina Southeast

Swinerton, Space Craft Top Out $111M Multifamily Development in Charlotte

by John Nelson November 13, 2025

CHARLOTTE, N.C. — Swinerton, working on behalf of developer Space Craft, has topped out Cordo, a $111 million multifamily development located at 512 E. 21st St. in Charlotte’s Optimist Park neighborhood. The development, the fifth between Swinerton and Space Craft, will feature 287 studio, one-, two-, three- and four-bedroom units, as well as a rooftop terrace, resident lounge/game room with a full kitchen, meeting and coworking spaces, outdoor courtyard and fitness and wellness areas. Designed by Charlotte-based architecture firm Shook Kelley, the project will feature cross-laminated timber (CLT) decks, which will create exposed timber ceilings. Timberlab, sister company of Swinerton, prefabricated approximately 50,000 linear feet of wood wall framing and 185,000 square feet of CLT using pine, spruce and fir in its Greenville, S.C., facility for the development. The project team broke ground on Cordo last fall and expects to deliver the community by summer 2027.

November 13, 2025

Development Industrial Leasing Activity South Carolina Southeast

Farpoint Inks Industrial Lease With BMarko Structures in Williamston, South Carolina

by John Nelson November 13, 2025

WILLIAMSTON, S.C. — Farpoint has executed a new 10-year lease with BMarko Structures, a manufacturer of modular buildings, at 134 Long Road in Williamston. Farpoint recently delivered the 560,240-square-foot facility in Anderson County, a submarket in the Upstate South Carolina region. BMarko’s new corporate headquarters is expected to create 225 full-time jobs and tap into the skilled workforce and advanced manufacturing presence in the I-85 corridor, according to Farpoint. BMarko’s past projects include the popular Bal Harbour Shops pop-up in Miami, as well as prefabricated data centers.

November 13, 2025

Civic Development Texas

City of Waco Unveils Plans for $1.4B Downtown Redevelopment

by Taylor Williams November 12, 2025

WACO, TEXAS — The City of Waco has unveiled plans for a $1.4 billion redevelopment of its downtown area. The project is a 12- to 20-year initiative that spans five districts and more than 100 acres along the Brazos River. Key components will include the development of a new building that will jointly house the operations of Waco City Hall and the Waco Independent School District. The plan also encompasses a new convention center, performing arts venue, town square/central events lawn, ballpark and enhanced green spaces. The first phase of the development will focus on infrastructure improvements, including floodplain remediation, water/sewer system upgrades, street enhancements and the establishment of a new public plaza.

November 12, 2025

Civic Development Texas

Balfour Beatty Completes Three Elementary Schools in Denton, Texas

by Taylor Williams November 12, 2025

DENTON, TEXAS — General contractor Balfour Beatty has completed construction of three elementary schools in the North Texas city of Denton. Designed by Pfluger Architects, Hill Elementary, Martinez Elementary and Reeves Elementary are all part of the Denton Independent School District (ISD) and can each support about 750 students. At each school, a central hub merges the library, dining and outdoor spaces and functions into one open core from which classrooms and areas for special programs extend.

November 12, 2025

Affordable Housing California Development Multifamily Student Housing Western

San Diego Community College District, Michaels Break Ground on 787-Bed Affordable Student Housing Community

by Amy Works November 12, 2025

SAN DIEGO — A partnership between the San Diego Community College District (SDCCD) and The Michaels Organization has broken ground on a 787-bed student housing development at 1601 B St. in downtown San Diego. The seven-story community, designed by TCA Architects, will offer 283 affordably priced units. Shared amenities are set to include study lounges, tutoring spaces, a mental health and wellness center, outdoor courtyards, shared kitchens, a basic needs food pantry and a rooftop lounge. The community will be the first development by the SDCCD and is scheduled for completion in fall 2028.

November 12, 2025

Colorado Development Multifamily Western

Thompson Thrift to Develop 336-Unit Multifamily Community in Colorado Springs

by Amy Works November 12, 2025

COLORADO SPRINGS, COLO. — Thompson Thrift plans to develop Venture on Venetucci, a 336-unit apartment property in Colorado Springs, with delivery slated for March 2027. The Thompson Thrift 2025 Multifamily Development LP will provide equity capital for the development. Situated on 16.5 acres at 4446 Venetucci Blvd., Venture on Venetucci will feature one-, two- and three-bedroom apartments averaging 1,000 square feet. Each residence will include premium interior finishes, such as quartz countertops, stainless steel appliances, glass-top ranges, tile backsplashes and hardwood-style floorings. Other unit amenities will include large walk-in closets, walk-in showers, patio and balcony options, private yard options, detached garages, full-size washers and dryers, high-speed internet access and an Amazon package hub. Community amenities will include a fully equipped fitness center with 24-hour access, a heated swimming pool, community grilling areas, a pickleball court, billiards, shuffleboard, dog park, pet spa with grooming stations and a resident business center with a conference room and focus suites.

November 12, 2025

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