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DevelopmentGeorgiaLeasing ActivityRetailSoutheastTop Stories

Cosm to Open Entertainment Venue at $5B Centennial Yards Development in Atlanta

by Hayden Spiess

ATLANTA — Immersive technology, media and entertainment company Cosm has announced plans to open an entertainment venue at Centennial Yards, a $5 billion mixed-use development currently underway in downtown Atlanta.  Situated within the project’s Sports and Entertainment District, the venue will comprise 70,000 square feet across three levels. Architecture firm Gensler is designing the facility.  Dubbed Shared Reality, the venue will feature Cosm’s proprietary technology, including a 12K+ LED dome spanning 87 feet in diameter. Shared Reality will offer immersive live sports viewing through Cosm’s partnerships with entities including ESPN, the NBA, NBC Sports, TNT Sports, FOX Sports and the UFC.  Programming at the venue will also include Cirque du Soleil’s “O” production and immersive art experiences by members of the Cosm Studios Creator Program. An opening date was not disclosed. This marks the first addition to the next phase of Centennial Yards, which will encompass roughly 470,000 square feet of entertainment, retail and restaurant space, as well as a flagship hotel. The new phase of development will be positioned on a 7.5-acre site adjacent to the Atlanta Hawks’ State Farm Arena and Mercedes-Benz stadium, which is home to the Atlanta Falcons and Atlanta United sports teams.  Upon full build-out, …

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Rhino-Capital-Taunton
DevelopmentIndustrialMassachusettsNortheast

Rhino Capital Breaks Ground on 180,000 SF Manufacturing Facility in Taunton, Massachusetts

by Taylor Williams

TAUNTON, MASS. — Boston-based investment firm Rhino Capital Advisors has broken ground on a 180,000-square-foot manufacturing facility in Taunton, located south of Boston near the Massachusetts-Rhode Island border. The site spans 11.2 acres within Myles Standish Industrial Park, and the building will feature a clear height of 36 feet, five loading docks and 270 parking spaces. Rhino Capital is developing the property in partnership with MassDevelopment and the Taunton Development Corp. Construction is expected to be complete next spring.

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Affordable HousingDevelopmentIllinoisMidwestMultifamily

Habitat Opens First Multifamily Building at $200M Ogden Commons Development in Chicago

by Kristin Harlow

CHICAGO — Chicago-based developer and property manager Habitat has opened OC Living, the first multifamily building at the $200 million Ogden Commons mixed-use development in Chicago’s North Lawndale neighborhood. Located at 1325 S. Washtenaw Ave., OC Living consists of 92 units, 90 percent of which are affordable. The four-story building features a mix of 23 studios, 60 one-bedroom units and nine two-bedroom apartments. Amenities include a rubber-surfaced children’s lot with play structures, bike racks, a walking path, landscaped lawn, 110 parking stalls, a package room, resident lounge, fitness center and social services offices. Developed by Habitat along with Sinai Health System, Alecko Capital and the City of Chicago, Ogden Commons is among the city’s largest opportunity zone projects. Upon full build-out, the development will consist of 120,000 square feet of commercial and retail space along with more than 350 mixed-income housing units. The first phase of Ogden Commons was a 45,000-square-foot commercial building completed in 2021 that is home to Sinai Health System’s One Lawndale Express Care Clinic, a Wintrust Bank branch, La Catedral Café & Restaurant and Momentum Coffee. The second phase is slated for completion by 2026. McHugh Construction and Bowa Construction are the general contractors. Bank of …

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DevelopmentIllinoisMidwestOffice

Skender Tops Out Construction of 409,000 SF Office Building in Chicago’s Fulton Market

by Kristin Harlow

CHICAGO — Skender has topped out construction of 919 W Fulton, an 11-story office building totaling 409,000 square feet in Chicago’s Fulton Market. Developed by Fulton Street Cos. and JDL Development, the project is slated to open in 2025. Amenities will include several outdoor terraces, a rooftop lounge and bar, several conference and coworking spaces, and a fitness center. Notable tenants will include Chicago-based real estate investor Harrison Street Real Estate Capital and a first-floor restaurant from the Gibsons Restaurant Group. Financial backing for the project was secured through strategic partnerships with Bank of the Ozarks and Manulife. SNK Capital, led by Shanna Khan, is the lead equity investment partner. Fitzgerald Associates is the architect of record, with Morris Adjimi Architects providing the initial design. Thornton Tomasetti is the structural engineer, Eriksson is the civil engineer, Syska Hennessy Group is the mechanical, electrical and plumbing engineer and Site Design Group Ltd. Is the landscape architect.

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DevelopmentMultifamilyWashingtonWestern

American Capital, Clarion Partners to Develop 316-Unit Enso Multifamily Project in Lynnwood, Washington

by Amy Works

LYNNWOOD, WASH. — American Capital Group and Clarion Partners have formed a joint venture to develop Enso, an apartment community in Lynnwood, approximately 15 miles north of Seattle. Pacific Life Insurance Co. served as construction lender for the project, with construction scheduled to commence in August for completion in summer 2026. Located at 4001 198th St. SW, Enso will feature 312 apartments, more than 4,200 square feet of retail space, ample parking, a 2,600-square-foot co-working space, a 3,000-square-foot fitness facility, a 2,400-square-foot game lounge and a 2,600-square-foot resident lounge, as well as a dog wash and bike storage.

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MorningStar-Old-Town-Fort-Collins-CO
ColoradoDevelopmentMultifamilySeniors HousingWestern

MorningStar, Haselden Open 160-Unit Seniors Housing Community in Fort Collins, Colorado

by Amy Works

FORT COLLINS, COLO. — Co-developers MorningStar Senior Living and Haselden Real Estate Development have opened MorningStar at Old Town, a seniors housing property in Fort Collins. The companies partnered with local landowner and developer J.D. Padilla to develop the asset in Old Town Fort Collins. Located at 360 Tenney Court, MorningStar at Old Town features 160 units for independent living, assisted living and memory care in a four-story residential building. The community offers an indoor pool, a fitness center, therapy space, theatre/chapel and wine tasting room, as well as The Sky Terrace with patios and courtyards in an outdoor space. Project partners included Hord Coplan Macht as architect, Haselden as general contractor and Thoma-Holec as interior designer.

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DevelopmentFloridaRetailSoutheast

WMG Underway on 60,000 SF Shoppes at Orange Blossom Shopping Center in Southwest Florida

by John Nelson

NAPLES, FLA. — WMG Development has broken ground on The Shoppes at Orange Blossom, a new retail center in Naples. Publix will anchor the shopping center, which will total more than 60,000 square feet at the corner of Oil Well Road and Big Corkscrew Drive. Other committed tenants at the center include Great Clips and Le Nail Salon. Scheduled for completion in late-summer 2025, the project will be situated at the entrance to Big Corkscrew Island Regional Park, a 150-acre outdoor park and entertainment destination, and adjacent to apartment community Emblem at Orange Blossom.

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AcquisitionsDevelopmentFloridaMultifamilySoutheast

Excelsa Acquires 477-Unit Drake at St. Pete Multifamily Community in St. Petersburg, Plans $8M Renovation

by John Nelson

ST. PETERSBURG, FLA. — Excelsa Properties has acquired The Drake at St. Pete, a 477-unit multifamily community located at 1699 68th St. in St. Petersburg. Built in 1972, the Tampa Bay-area property comprises 36 residential buildings with a clubhouse and leasing center. Amenities at the community include a 24-hour fitness center, three swimming pools, two dog parks and a picnic area. Excelsa plans to spend $8 million on improvements at the property, which marks the sixth multifamily property to be acquired within its Excelsa U.S. Real Estate II fund. The seller and sales price of The Drake at St. Pete were not disclosed.

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DevelopmentFloridaHealthcareSoutheast

St. Joe Co., Tallahassee Memorial Open First Building at 87-Acre Healthcare Campus in Panama City Beach, Florida

by John Nelson

PANAMA CITY BEACH, FLA. — The St. Joe Co. and Tallahassee Memorial HealthCare (TMH) have opened the first building at the FSU/TMH Medical Campus, an 87-acre campus currently in Panama City Beach underway by the companies and Florida State University (FSU). Situated at 1002 N. Arnold Road, the medical office building is one of several planned at the development. TMH Urgent Care and TMH Physician Partners – Primary Care are now open at the property. The campus, which will include a 100-bed hospital with an emergency center and other inpatient services, is scheduled for completion in 2027.

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DevelopmentGeorgiaHospitalityLoansSoutheast

LCP Group Provides Construction Financing for 183-Room Moxy-Branded Hotel in Downtown Atlanta

by John Nelson

ATLANTA — The LCP Group has provided an undisclosed amount of construction financing for the development of Moxy Centennial Olympic Park, a 183-room hotel in Atlanta’s downtown entertainment district. The developer is a partnership between Atlanta-based Nexera Capital and Emerge Hospitality Group. Upon completion, the property will feature 13 stories, with a rooftop restaurant and lounge, lobby bar and ground-level retail space. The hotel’s opening is scheduled for the second quarter of 2026. Nearby attractions include the Georgia Aquarium, World of Coca-Cola, State Farm Arena and the Mercedes-Benz Stadium, the home arena of the Atlanta Falcons and Atlanta United.

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