Development

Contegra Construction Nears Completion of 1 MSF Gigafactory in Louisville for Battery Manufacturer

by John Nelson August 24, 2023

LOUISVILLE, KY. — Contegra Construction Co. is nearing completion on a 1 million-square-foot gigafactory in Louisville for Fremont, Calif.-based EnerVenue. The tenant will manufacture its proprietary Energy Storage Vessels at the facility, which are batteries based on nickel-hydrogen technology originally developed for NASA in the 1980s and refined at Stanford University in 2017. EnerVenue emerged through the university’s business accelerator program in 2020. The gigafactory will be located within Flint Development’s I-64 Logistics Center, a 115-acre industrial park situated at Logistics Drive and Taylorsville Road. The Kansas-based developer is targeting a late-summer completion for EnerVenue’s new plant, and the tenant will begin operations in 2024. The tilt-wall facility will feature a TPO roof, 40-foot clear heights, five dock doors, four drive-in doors and 300 trailer parking spaces. Contegra is also constructing a 478,000-square-foot, multi-tenant distribution center on behalf of Flint within I-64 Logistics Center. Also set to come on line later this summer, the property will feature 36-foot clear heights, 48 dock doors, four drive-in doors and 115 trailer parking spaces.

August 24, 2023

California Development Multifamily Western

Cityview Completes 296-Unit Jasper Multifamily Project in Los Angeles

by Amy Works August 24, 2023

LOS ANGELES — Cityview has completed the development of Jasper, an Opportunity Zone apartment property at 2528 S. Grand Ave. in Los Angeles. Situated adjacent to the University of Southern California, Jasper features 296 studio, one- and two-bedroom floor plans, including 25 units designated very low affordable and three designated moderate-income affordable. The community features two rooftop sky decks with outdoor dining and Korean barbecue grills, an entertainment terrace and views of downtown Los Angeles. Additionally, the property offers a resort-style pool deck with cabanas, loungers and daybeds, a game lawn area, billiards, a built-in outdoor pizza oven and communal spaces for outdoor dining and entertaining. The pet-friendly community also features a two-story club room with a commercial-grade kitchen, business center, dog park and onsite dog spa and wash. Cityview partnered with AC Martin, WPIC Construction, Nadia Geller Design and Labib Funk and Associates on the project.

August 24, 2023

Development Indiana Industrial Midwest

Brennan Acquires 68 Acres in Brownsburg, Indiana, Plans to Build Two Industrial Buildings

by Kristin Harlow August 24, 2023

BROWNSBURG, IND. — Brennan Investment Group has acquired 68 acres at the intersection of Route 136 and Ronald Reagan Parkway in Brownsburg, a northwest suburb of Indianapolis. Brennan plans to develop two industrial buildings, including a 580,884-square-foot cross-dock facility and a 245,803-square-foot rear-load facility. The site offers close proximity to the Indianapolis International Airport, the FedEx Hub, the UPS Ground Sort Center and the I-465 outer loop. Terms of the transaction and a construction timeline were not provided.

August 24, 2023

Development Illinois Industrial Midwest

Sterling Bay to Develop 147,500 SF Spec Industrial Facility in Chicago’s Archer Heights

by Kristin Harlow August 24, 2023

CHICAGO — Sterling Bay has purchased 4510 W. Ann Lurie Place, a 7.5-acre parcel in Chicago’s Archer Heights neighborhood. The developer plans to build a 147,500-square-foot speculative industrial facility. The acquisition was made in partnership with Affinius Capital, along with a construction loan from First National Bank of Omaha. PREMIER Design + Build Group will serve as general contractor. The project will feature 10 loading bays, two drive-in doors and 101 vehicle parking spaces. There will also be electric vehicle charging stations and upgraded steel components for future solar panel integration. Construction is scheduled to begin later this year.

August 24, 2023

Acquisitions Development Kansas Midwest Multifamily

Block & Co. Brokers Sale of 12.8-Acre Vacant Site in Overland Park, Kansas

by Kristin Harlow August 24, 2023

OVERLAND PARK, KAN. — Block & Co. Inc. Realtors has brokered the sale of 12.8 acres of vacant land located on the southwest corner of 135th Street and Antioch Road in Overland Park. The sales price was undisclosed. Formerly a landscape nursery and greenhouse for over 40 years, the site is positioned at a heavily trafficked intersection and features convenient access to Highway 69. David Block and Mark McConahay of Block & Co. represented the undisclosed seller. The new ownership group has outlined plans to develop an apartment complex on the site. Construction is expected to begin immediately, with completion slated for next year. Block & Co. anticipates marketing the remaining 4.2 acres of ground that runs along the north edge of the property along 135th Street. Four pad sites have been proposed with ground lease or build-to-suit options available.

August 24, 2023

Delaware Development Life Sciences Loans Northeast

MRA Group Receives $63M for Life Sciences Redevelopment in Wilmington, Delaware

by Taylor Williams August 24, 2023

WILMINGTON, DEL. — Pennsylvania-based developer MRA Group has received $63 million for the redevelopment of Chestnut Run Innovation & Science Park, a 164-acre, 14-building development in Wilmington. MRA Group will use the funds to continue renovations of the campus’ 14 buildings to support lab, R&D and advanced manufacturing uses. Additional plans for the campus include a hotel, fitness center, conference facilities, an outdoor amphitheater and accommodations for food services. Fulton Bank, in conjunction with Nuveen Green Capital through C-PACE, financed $50 million of the funds, while WSFS Bank provided the remaining $13 million.

August 24, 2023

Development Healthcare Texas

University of Texas, MD Anderson to Open Medical Complex at Site of Erwin Center

by Taylor Williams August 23, 2023

AUSTIN, TEXAS — The University of Texas at Austin (UT) and MD Anderson will open a new medical complex at the site of the Erwin Center, the former arena of the university’s basketball teams. The complex will consist of a traditional hospital and cancer care/treatment facility. Demolitions are expected to begin in 2024, and the groundbreaking for the new medical facilities is scheduled for 2026. The total investment for these projects is estimated at $2.5 billion.

August 23, 2023

Development Industrial Texas

HDA Completes 28,000 SF Industrial Renovation, Expansion Project in Brenham, Texas

by Taylor Williams August 23, 2023

BRENHAM, TEXAS — Architecture firm HDA has completed a 28,000-square-foot industrial renovation and expansion project in Brenham, about 75 miles northwest of Houston. The project was a build-to-suit for Mike Hopkins Distributing, which serves the alcoholic beverage industry. The expansion consisted of a new controlled-temperature warehouse with offices and a customer pick-up area. The existing warehouse and coolers were also renovated with updated ancillary and storage areas and a new, enlarged keg cooler. Lastly, HDA designed a connector to link the new and existing facilities.

August 23, 2023

Development Multifamily North Carolina Southeast

Alliance Residential to Develop 332-Unit Broadstone West End Apartments in Charlotte

by John Nelson August 23, 2023

CHARLOTTE, N.C. — Alliance Residential Co. has purchased 3.4 acres at 2130 Wilkinson Blvd. in Charlotte’s FreeMoreWest neighborhood for the development of Broadstone West End. The 332-unit luxury apartment community will span five stories and feature studio, one-, two- and three-bedroom residences ranging in size from 590 to 1,240 square feet. Amenities will include a resort-style pool and adjoining pool deck featuring an outdoor kitchen, 24-hour fitness center, private coworking offices, resident clubroom featuring a kitchen and card room and a fenced pet park. Alliance Residential plans to welcome Broadstone West End’s first residents in 2025. The property represents the 10th community in Charlotte for the Scottsdale, Ariz.-based developer.

August 23, 2023

Development Midwest Missouri Restaurant Retail

Chicken N Pickle Plans to Open Seven New Locations by Early 2025

by Kristin Harlow August 23, 2023

KANSAS CITY, MO. — Kansas City-based Chicken N Pickle, an entertainment concept that features a restaurant, sports bar, pickleball courts and a variety of yard games, is expanding nationwide and plans to nearly double its footprint by the first quarter of 2025. Chicken N Pickle has opened eight locations since 2017, with seven more slated for completion by early 2025. The company says this is its fastest period of growth to date. The first Chicken N Pickle opened in Kansas City in 2017. The other currently operating locations are in Wichita, Kan.; San Antonio, Texas; Oklahoma City, Okla.; Overland Park, Kan.; Grand Prairie, Texas; Grapevine, Texas; and Glendale, Ariz. This year, Chicken N Pickle will open a new location in St. Charles, Mo. Then in 2024, the company will debut its locations in Allen, Texas; Fishers, Ind.; Henderson, Nev.; and Webster, Texas. The remaining two planned locations are slated to open in early 2025 in Thornton, Colo.; and Parker, Colo. The average Chicken N Pickle facility is situated on 1.5 acres and totals 32,000 square feet. Menu offerings include rotisserie chicken dishes in four different seasonings, pork and beef sandwiches, hand-cut fries and tater tots.

August 23, 2023

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