Development

Tradition Holdings Breaks Ground on 343,371 SF Industrial Project in Belton, Texas

by Taylor Williams August 29, 2023

BELTON, TEXAS — Dallas-based developer Tradition Holdings has broken ground on 14/35 Belton Crossing, a 343,371-square-foot industrial project in Belton, located outside of Temple in Central Texas. The development will consist of four buildings ranging in size from 70,000 to 115,000 square feet on a 27.5-acre site. Building features will include 32- to 36-foot clear heights, 180-foot truck court depths and parking for 74 trailers and roughly 400 cars. KBC Advisors will market the project for lease. Powers Brown Architecture is designing the project, and ARCO/Murray is the general contractor. Completion is slated for the second quarter of 2024.

August 29, 2023

Development Retail Texas

Foremark Development Nears Completion of 28,000 SF Retail Project in Sachse, Texas

by Taylor Williams August 29, 2023

SACHSE, TEXAS — Locally based firm Foremark Development is nearing full completion of The Shops at Sachse, a 28,000-square-foot retail project located on the eastern outskirts of Dallas. The center’s two multi-tenant buildings totaling roughly 18,000 square feet are now complete, and construction of a 10,000-square-foot build-to-suit for The Learning Center is underway and slated for a mid-2024 delivery. Other tenants include Starbucks, Jake’s Burgers & Beer and Tropical Smoothie Café.

August 29, 2023

Development Georgia Multifamily Southeast

Greystar Begins Leasing 33-Story Nomia Apartment Tower in Midtown Atlanta

by John Nelson August 29, 2023

ATLANTA — Greystar has begun leasing the first available units at Nomia, a 33-story high-rise apartment tower that will be located at 17th and Peachtree streets in Midtown Atlanta. The Charleston-based developer plans to officially open the 281-unit property this fall. Nomia will feature one-, two- and three-bedroom apartments, as well as penthouses with large floor-to-ceiling windows. Amenities will include a rooftop pool and terrace, spa, TULU luxury vending service, a fitness center and structured parking with electric vehicle charging stations, as well as street-level retail space. Nearby attractions include the High Museum, Museum of Design Atlanta (MODA) and Woodruff Arts Center, and global employers including NCR, PwC, Coca-Cola, Google, Norfolk Southern and AT&T have regional campuses in close proximity to Nomia.

August 29, 2023

Development Loans Multifamily Southeast Virginia

Capital Square to Raise $63.3M in Equity, Closes Construction Debt for Richmond Apartment Project

by John Nelson August 29, 2023

RICHMOND, VA. — Capital Square has announced plans to raise $63.3 million in equity from accredited investors through its CSRA Opportunity Zone Fund VII LLC for the development of a 352-unit multifamily development in Richmond. The developer has also closed a construction loan for an undisclosed amount through United Bank. Walker & Dunlop arranged the financing. Capital Square broke ground on the unnamed community in April and expects to deliver the property in summer 2025. Located at 2929 W. Clay St. and 2922 & 2925 W. Marshall St. in Richmond’s Scott’s Addition neighborhood, the community will comprise three adjoining buildings situated atop podium parking and retail space. Planned amenities will include courtyards, a zero-edge pool, gym, clubhouse, dog park and a sky lounge.

August 29, 2023

River-Pointe-Logistics-Center-Lehigh-Valley

Development Industrial Northeast Pennsylvania

River Pointe Logistics Provides Updates on 800-Acre Lehigh Valley Industrial Project

by Taylor Williams August 29, 2023

UPPER MOUNT BETHEL, PA. — Developer River Pointe Logistics has provided updated plans for River Pointe Commerce Park, an industrial project located in the Lehigh Valley city of Upper Mount Bethel. The development team has received conditional preliminary approval for subdivision, infrastructure improvements and land development plans for three lots within the 800-acre site. River Pointe now expects to break ground on the initial phase of construction, which will center around a 375,000-square-foot building, in the fourth quarter. To date, River Pointe has invested over $8 million in design, engineering, geotechnical, and impact analysis, including traffic, environmental and economic analysis.

August 29, 2023

Arkansas Development Seniors Housing Southeast

Arrow, O’Reilly Development Deliver 158-Unit Seniors Housing Community in Little Rock

by John Nelson August 29, 2023

LITTLE ROCK, ARK. — Arrow Senior Living has opened The Summit Senior Living at Chenal Valley in Little Rock. Built by O’Reilly Development, the property is situated in the West Little Rock area and sits on 12 acres near outdoor recreation, shopping and fine dining. The 163,000-square-foot property features 96 independent living units, 44 assisted living units and 18 memory care units. The Summit Senior Living at Chenal Valley is the first Arrow-operated community in Arkansas and the operator’s 35th in the nation.

August 29, 2023

Development Florida Leasing Activity Mixed-Use Restaurant Retail Southeast

PEBB, Falcone Group Sign Three New Restaurants to Beachwalk Mixed-Use Project in Jacksonville

by John Nelson August 29, 2023

JACKSONVILLE, FLA. — PEBB Enterprises and Falcone Group have signed three new restaurant tenants to join Beachwalk, a mixed-use project currently underway in Jacksonville. Starbucks Coffee, Fancy Sushi and Playa Bowls will occupy 2,500, 1,500 and 1,200 square feet, respectively. The new leases bring the retail and restaurant space at the development, which totals 170,000 square feet, to 55 percent occupancy. Other tenants at the project include Fysh Bar & Grill, Noire Nail Bar, F45 Fitness, BurgerFi, Supercuts, Kilwins, Bagels R Us, Island Fin Poke, The Covery and Union 76 Daybreak Market. Upon completion, the development will also feature a 130-room hotel and 348-unit apartment community.

August 29, 2023

Acquisitions Arizona Development Healthcare Industrial Mixed-Use Multifamily Office Restaurant Retail Western

Partnership Purchases 311-Acre Site for Mixed-Use Project in Gilbert, Arizona

by Amy Works August 29, 2023

GILBERT, ARIZ. — Indicap, Colmena Group and Langley Properties have completed the purchase of 311 acres of land at the northwest corner of Power and Warner roads in Gilbert. The property traded for $107.5 million in an all-cash transaction. The buyers plan to develop The Ranch, a billion-dollar mixed-use project on the site. With the land acquisition complete, the project will move to the site planning and design phase, with a groundbreaking slated for third-quarter 2024. The project will include: Jason Hyams of Insight Land and Investments represented the buyer. Danny Perkinson and Scott Perkinson of Perk Prop Real Estate represented the seller, The Dale C. Morrison Trust, in the deal.

August 29, 2023

California Development Multifamily Western

JPI Starts Construction of 482-Unit The Exchange at Riverside Apartments in California

by Amy Works August 29, 2023

RIVERSIDE, CALIF. — Irving, Texas-based JPI has begun vertical construction on The Exchange at Riverside, a three-story multifamily development in the Inland Empire city of Riverside. The community will feature 482 one-, two- and three-bedroom apartments, as well as several live/work units. Apartments will offer energy-efficient, stainless steel appliances and electric ranges; private tiered balconies; nine-foot ceilings; and a full-sized washers/dryers. Community amenities will include two resort-style pools with cabanas and outdoor fireplaces, an outdoor kitchen, coworking lounges, a fitness center, dog park, bicycle storage and repair room and electric vehicle charging stations. First occupancy for The Exchange at Riverside is slated for late 2024.

August 29, 2023

Development Healthcare Midwest Wisconsin

Kraus-Anderson Completes First Phase of Renovations at Amery Hospital & Clinics in Wisconsin

by Kristin Harlow August 29, 2023

AMERY, WIS. — Kraus-Anderson has completed the first phase of renovations at Amery Hospital & Clinics in Amery, a city in Northwest Wisconsin. Designed by BWBR Architects, this phase included a $2.3 million infusion and emergency room totaling 4,813 square feet. Phase II, which is nearing completion, includes a remodel of the emergency department’s waiting area, triage area and low acuity rooms as well as a build-out of a new at-risk behavioral health room and central nursing station. Next month, Kraus-Anderson will begin an extensive remodel of the emergency department’s procedure room and break room as well as an additional build-out of the behavioral health room and exam rooms. This final phase is slated for completion in March.

August 29, 2023

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