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Development

The-Press-Wilmington
DelawareDevelopmentMultifamilyNortheast

Buccini Pollin Completes 243-Unit Multifamily Project in Wilmington, Delaware

by Taylor Williams

WILMINGTON, DEL. — Regional developer Buccini Pollin Group has completed The Press, a 243-unit multifamily project in Wilmington. Designed by Perkins Eastman, the 14-story building gets its name from the site formerly serving as the headquarters of the The News Journal. Units come in studio, one- and two-bedroom floor plans and are furnished with quartz countertops, stainless steel appliances and in-unit washers and dryers. Amenities include a pool, dog run, grilling areas and a landscaped pocket park. Rents start at $1,600 per month for a studio apartment.

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6136-Manchester-Apts-Los-Angeles-CA
CaliforniaDevelopmentMultifamilyWestern

Cityview to Develop 489-Unit Multifamily Community in Los Angeles

by Amy Works

LOS ANGELES — Cityview is developing 6136 Manchester, an apartment project located at 6136 W. Manchester Ave. in Los Angeles. The project is fully entitled and Cityview recently closed on the land for the project. The company plans to break ground on the development in 2026, with completion scheduled for late 2028. Located in Los Angeles’ Westchester neighborhood, 6136 Manchester will feature 489 studio, one- and two-bedroom apartments, 549 parking spaces and 16,120 square feet of ground-level retail space. Sixty-four of the units will be designated for households earning no more than 50 percent of the area median income. Community amenities will include a resort-style pool and spa, a garden courtyard, fitness studio, club room, CV Works coworking space, several rooftop lounges and a pet park and spa. The project will also include a new public plaza at the corner of 87th Street and Truxton Avenue that will provide an indoor-outdoor gathering space for residents and the community. Project partners include AC Martin, Nadia Geller Designs and MJS Landscape Architecture.

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The-Loop-Scottsdale-AZ
ArizonaDevelopmentIndustrialWestern

Creation, PGIM Break Ground on 267,000 SF Industrial Campus in Scottsdale

by Amy Works

SCOTTSDALE, ARIZ. — Creation, with development partner PGIM Real Estate, has broken ground on The Loop, an industrial campus in Scottsdale. Situated along Loop 101, The Loop will offer 267,000 square feet of Class A industrial space spread across four buildings ranging from 54,000 square feet to 101,000 square feet. Designed and built by LGE Design Build, the campus will feature footprints for light manufacturing, skilled assembly, industrial showrooms and distribution. Situated on 16.4 acres at Loop 101 and East Princess Drive, the development is slated for completion in late 2026. Pat Harlan and Steve Larsen of JLL are marketing the buildings for lease or sale.

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DevelopmentIndustrialNew JerseyNortheast

Levin Management Corp. Underway on 54,000 SF Industrial Project in Piscataway, New Jersey

by Taylor Williams

PISCATAWAY, N.J. — Levin Management Corp. is underway on construction of a 54,000-square-foot industrial project in the Northern New Jersey community of Piscataway. The building will be located within Rutgers Industrial Center and will feature a clear height of 35 feet, eight loading docks, 31 parking spaces and 2,000 square feet of office space. Cushman & Wakefield is the leasing agent. Initial occupancy is slated for early 2026.

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Affordable HousingDevelopmentGeorgiaMultifamilySoutheast

Exact Capital Delivers 250-Unit Affordable Housing Community in South Atlanta

by John Nelson

ATLANTA — Exact Capital has delivered Skyline Apartments, a 250-unit affordable housing community located along the Atlanta Beltline’s Southside Trail in the city’s Peoplestown neighborhood. The property is located at 1090 Hank Aaron Drive SE and represents a $94 million investment. Capital partners on the project included Invest Atlanta (the City of Atlanta’s economic development arm), Goldman Sachs, Stonehenge, LISC and Walker & Dunlop. Exact Capital and joint venture partner Aleem Construction broke ground on Skyline Apartments in 2022 in a ceremony with Atlanta Mayor Andre Dickens. The community features studio, one- and two-bedroom apartments reserved for households earning at or below 60 percent of the area median income (AMI). Amenities include a healthcare center, modern fitness facility, community room, meeting spaces, dog wash station, secure gated entry and covered parking.

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DevelopmentLoansMidwestNebraskaRetail

WarHorse Gaming Receives $300M in Financing for Casino Construction Projects in Nebraska

by Kristin Harlow

NEBRASKA — Casino operator WarHorse Gaming LLC has secured refinancing of $300 million in startup loans for a five-year deal that will launch the next phase of casino expansions and construction of a new casino in Nebraska. U.S. Bank organized the deal, which includes Capital One, KeyBank, The Huntington National Bank, BOK Financial and Comerica Bank. WarHorse is expanding its casinos at horse racetracks in Omaha and Lincoln. The $70 million expansion of the Lincoln casino will include larger gaming areas for machines, more table games, a new steakhouse and a high-end sports bar. The Omaha expansion was completed in April. New construction of a third casino in South Sioux City is scheduled to begin next summer.

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DevelopmentMidwestMissouriMultifamily

Albion Residential Breaks Ground on 182-Unit Apartment Complex in Des Peres, Missouri

by Kristin Harlow

DES PERES, MO. — Albion Residential, along with partners Koplar Properties and Theis Group, have broken ground on Magnolia Ridge in Des Peres, a western suburb of St. Louis. The five-story, 182-unit apartment complex will feature a fitness center with sauna and yoga room, a private dining room, game lounge, resident speakeasy, dog wash, outdoor pool, golf simulator and resident mini mart. Brinkmann Constructors is the general contractor, and Old National Bank provided construction financing. Completion is slated for spring 2027.

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DevelopmentIllinoisIndianaIndustrialMichiganMidwestOhioTop Stories

Stellantis to Invest $13B Over Next Four Years at Midwest Automobile Factories

by Kristin Harlow

AUBURN HILLS, MICH. — Automaker Stellantis (NYSE: STLA), parent company of brands including Jeep, Dodge and Ram, has unveiled plans to invest $13 billion over the next four years to grow its business in the U.S. market and increase its domestic manufacturing footprint. The investment, the largest in the company’s 100-year U.S. history, will support the introduction of five new vehicles across the brand portfolio; production of the all-new four-cylinder engine; and the addition of more than 5,000 jobs at plants in Illinois, Ohio, Michigan and Indiana. Stellantis says the investment will increase its annual finished vehicle production in the United States by 50 percent over current levels. The new product launches will be in addition to 19 refreshed products across all U.S. assembly plants and updated powertrains planned through 2029. In Illinois, Stellantis plans to invest more than $600 million to reopen the Belvidere Assembly Plant to expand production of the Jeep Cherokee and Jeep Compass for the U.S. market. Initial production launch is expected in 2027, and the company anticipates the creation of roughly 3,300 new jobs. With an investment of nearly $400 million, Stellantis plans to move assembly of an all-new midsize truck from Belvidere to the …

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SurePoint-Rosharon
DevelopmentIndustrialSelf-StorageTexas

SurePoint Development Breaks Ground on 758-Unit Self-Storage Facility in Rosharon, Texas

by Taylor Williams

ROSHARON, TEXAS — SurePoint Development has broken ground on a 758-unit self-storage facility in Rosharon, located south of Houston. The site is located along FM 521 just south of Sienna Parkway, and the facility will total approximately 95,000 net rentable square feet of space. Completion is slated for next spring. The facility will be the eighth in the greater Houston area for SurePoint, which also plans to begin construction of two other facilities in the region next spring.

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619-Grove-St.-Jersey-City
DevelopmentMultifamilyNew JerseyNortheast

Partnership to Develop 444-Unit Apartment Building in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — A partnership between two New York City-based firms, SJP Properties and Claremont Development, as well as Battery Global Advisors and PCCP LLC, will develop a 444-unit apartment building in Jersey City. The site is located at 619 Grove St., and the 24-story building will be known as The Lucy and will include 13 affordable housing units. The amenity package will consist of a rooftop pool, sky lounge, sundeck with grilling stations, a penthouse bar, coworking and conference rooms, fitness center, media and game room, speakeasy, hydroponic garden, multiple lounges, a coffee bar, grab-and-go market and a pet grooming station. Michael Graves Architecture is designing the project, and KL Masters Construction Co. is serving as the general contractor. Mary Cook Associates is handling interior design. Kennedy Wilson is financing construction, which is scheduled to begin in the coming weeks. Cushman & Wakefield arranged the construction debt and structured the joint venture between SJP and Claremont. A tentative completion date was not announced.

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