Tuesday, December 23, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Development

Port-225-Commerce-Center-Houston
DevelopmentIndustrialTexas

GTIS Partners Completes 484,070 SF Industrial Project Near Port Houston

by Taylor Williams

HOUSTON — New York-based global investment firm GTIS Partners has completed Port 225 Commerce Center, a 484,070-square-foot industrial project located near Port Houston. The 26-acre development consists of a 355,071-square-foot, cross-dock building and a 128,999-square-foot, rear-load facility. Building features include 36- and 32-foot clear heights, respectively, and combined parking for 382 cars and 93 trailers. Project partners included Angler Construction, Powers Brown Architecture, Langan Engineering and Cushman & Wakefield as the leasing agent. Construction began in February 2024.

Continue Reading
FacebookTwitterLinkedinEmail
Harbor-Park-Glendale-AZ
ArizonaDevelopmentIndustrialWestern

Creation Breaks Ground on Two-Building Harbor Park Industrial Complex in Glendale, Arizona

by Amy Works

GLENDALE, ARIZ. — Creation, in partnership with QuarterMoore, has broken ground on Harbor Park, a two-building industrial complex on 9.7 acres in Glendale. Located on Glen Harbor Boulevard within the Glen Harbor industrial submarket, Harbor Park will feature two single-story industrial buildings totaling 163,364 square feet. Completion is slated for third-quarter 2026. One building is being constructed as a 108,865-square-foot build-to-suit for PODS Phoenix, a local franchise division of PODS Moving & Storage. The second building will offer 54,499 square feet of speculative industrial space with a clear height of 24 feet, 25 dock-high doors, four grade-level doors and 106 parking spaces. The asset is already 67 percent leased to PODS Phoenix, with the second building available for lease or purchase. LGE Design Build is spearheading the construction and design of Harbor Park. Anthony Lydon, John Lydon, Kelly Royle and Hagen Hyatt of JLL are handling leasing efforts for the property.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentLoansMidwestMultifamilyOhio

Merchants Capital Secures $35.1M in Equity Financing for Affordable Housing Adaptive Reuse Project in Columbus

by Kristin Harlow

COLUMBUS, OHIO — Merchants Capital has secured $35.1 million in tax credit equity financing for Lofts at 40 Long, a project involving the adaptive reuse of a vacant YMCA building in Columbus into affordable housing. Woda Cooper Cos. Inc. and IMPACT Community Action are co-developing the property. Merchants Capital secured $18.5 million in 4 percent low-income housing tax credit (LIHTC) equity, $11.4 million in federal historic tax credits and $5.2 million in Ohio LIHTC. Ohio Housing Finance Agency allocated the federal and state housing tax credits, and the National Park Service allocated the federal historic credits. Other funding sources included the city and county, as well as agency and private sources. The project will convert a vacant YMCA building into 121 apartment units, including one studio, 72 one-bedroom units, 38 two-bedroom units and 10 three-bedroom units. The residences will be restricted to families earning between 30 and 80 percent of the area median income. The project will include the demolition of the existing boarding rooms, restroom facilities and common spaces, except for the historic areas, which will be restored according to historic requirements. Common amenities will include a basketball court and indoor play area in the former gym area, indoor …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHealthcareMichiganMidwest

Kirk Gibson Foundation Opens 32,000 SF Center for Parkinson’s Wellness in Metro Detroit

by Kristin Harlow

FARMINGTON HILLS, MICH. — The Kirk Gibson Foundation has opened The Kirk Gibson Center for Parkinson’s Wellness at 31440 Northwestern Highway in Farmington Hills. Those impacted with Parkinson’s can access a wide range of activity-based and educational programs free of charge at the 32,000-square-foot facility. Construction began in March. The project involved the transformation of an office building for an automotive organization into the wellness center. The two-level building offers programs that focus on movement and cognitive therapy. The center also houses the headquarters for the Kirk Gibson Foundation for Parkinson’s, which moved its offices into the facility. The project was completed in partnership with the Detroit office of architectural firm Gensler. The center is located within a 30-minute driving radius from 70 percent of the Wayne, Oakland and Macomb counties, providing access to an estimated 8,000 people living with Parkinson’s in metro Detroit. Nearly 900 individuals have already registered for the center, with more than 300 members onboard and over 200 now actively participating in classes. The interior features a large gathering hall with an overhead oval walk/run track, a gym for strength and cardio, a boxing therapy zone, various rooms dedicated to targeted exercises such as yoga, general …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaHospitalitySoutheastTop Stories

Convention Center Authorities, Hilton Break Ground on $398M Signia by Hilton Savannah Hotel

by John Nelson

SAVANNAH, GA. — The Savannah-Georgia Convention Center Authority and global hotelier Hilton (NYSE: HLT) have broken ground on Signia by Hilton Savannah, a 444-room hotel situated adjacent to the Savannah Convention Center. The $398 million hotel project is expected to debut in mid-2028 and serve as the headquarters hotel of the 666,000-square-foot convention center, which underwent a $276 million expansion project that wrapped up in February. The Atlanta-Journal Constitution reports that the hotel project was “15 years and three false starts” in the making. The riverfront hotel will sit on Hutchinson Island across the Savannah River from the city’s historic district. The AJC also reports that the 403-room Westin Savannah Harbor is currently the only hotel within walking distance of the convention center. The Savannah-Georgia Convention Center Authority owns the hotel and is developing the project in partnership with the Georgia World Congress Center Authority, an Atlanta-based entity that also manages the Savannah Convention Center. The Georgia World Congress Center Authority recently collaborated with Hilton on the development of Signia by Hilton Atlanta, a 976-room hotel tower situated near the convention center, as well as State Farm Arena and Mercedes-Benz Stadium in downtown Atlanta. “Signia by Hilton Savannah’s signing and groundbreaking represents …

Continue Reading
FacebookTwitterLinkedinEmail
Burleson-Tech-Austin
DevelopmentIndustrialTexas

HLCI Breaks Ground on 632,354 SF Industrial Project in Southeast Austin

by Taylor Williams

AUSTIN, TEXAS — Holt Lunsford Commercial Investments (HLCI) has broken ground on Burleson Tech, a 632,354-square-foot industrial project in Austin. The site at 7051 Burleson Road is located about three miles outside of the downtown area, adjacent to Austin-Bergstrom International Airport. The development will feature four buildings that will range in size from 103,516 to 263,609 square feet. Three of the structures will have rear-load configurations and 32-foot clear heights, while the largest of the four buildings will feature a cross-dock layout and 36-foot clear heights. Completion is slated for mid-2026. Live Oak Real Estate is the leasing agent.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaMultifamilySoutheast

Terra Completes 470-Unit Centro City Residences in Miami

by John Nelson

MIAMI — Terra has completed the first phase of Centro City Residences, the multifamily component of the 38-acre Centro City mixed-use development in Miami’s West Little Havana neighborhood. Phase I features 470 apartments spread across three eight-story multifamily buildings located at 3830 N.W. 11th St., as well as 350,000 square feet of retail space anchored by a 100,000-square-foot Target store. Other retail tenants include Ross Dress for Less, DD’s, Fresco Y Mas, Walgreens and Bank of America. Leasing and move-ins are underway at Centro City Residences, which features a mix of studio, one- and two-bedroom apartments. Floorplans measure approximately 500 to 1,250 square feet in size, with monthly rental rates starting at approximately $2,400, according to Terra. Amenities include multiple pools with cabanas, barbecue grill areas, a children’s playground, dog park, lounges and game rooms. Terra obtained a $291 million financing package for the project earlier this year.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMultifamilyTexas

Partnership Delivers 62-Unit Affordable Housing Project in Plano, Texas

by Taylor Williams

PLANO, TEXAS — A partnership between the Texas State Affordable Housing Corp. (TSAHC), DMA Cos. and other stakeholders have opened The Park on 14th, a 62-unit affordable housing project located northeast of Dallas in Plano. Units are reserved for households earning 80 percent or less of the area median income. Amenities include community and media rooms, business and fitness centers and outdoor recreational space. A U.S. Department of Housing and Urban Development (HUD) loan and equity from TSAHC financed the bulk of the project.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaHealthcareSoutheast

UHealth Opens 363,000 SF Outpatient Medical Facility in North Miami, Florida

by John Nelson

NORTH MIAMI, FLA. — The University of Miami Health System (UHealth) has opened UHealth SoLe Mia, a 363,000-square-foot outpatient medical facility in North Miami. The seven-story property is the largest ambulatory center in UHealth’s network. The property features the Sylvester Comprehensive Cancer Center, Bascom Palmer Eye Institute, Desai Sethi Urology Institute and a collaboration with musculoskeletal care provider Hospital for Special Surgery. Other specialties offered include neurology, neurosurgery, cardiology, endocrinology, gastroenterology, dermatology, otolaryngology and gynecology.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLouisianaOfficeSoutheast

KDC Delivers $31M Operations Center in Ruston, Louisiana for JPMorgan Chase

by John Nelson

RUSTON, LA. — KDC has delivered a 50,000-square-foot call center and operations hub for JPMorgan Chase in Ruston, a north Louisiana city located about 68 miles east of Shreveport via I-20. The $31 million Chase Operations Center is an extension of an existing customer support center in Monroe, which is about 32 miles east of Ruston. Situated on 5 acres along Woodward Avenue, the facility opened with 50 employees and has the capacity to grow to 200. The design-build team includes architect HKS and general contractor Lincoln Builders Inc.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts