Development

Cottages-at-Century-Farms

ANNA, TEXAS — Locally based firm ONM Living will develop Cottages at Century Farms, a 290-unit build-to-rent community that will be located in the North Texas city of Anna. The development will be situated on a 23-acre site within a master-planned community and will offer studio, one-, two- and three-bedroom homes that will range in size from approximately 350 to 1,400 square feet. Homes will feature fenced yards, covered front porches, granite countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities will include a fitness center, pool, pickleball and other sports courts, dog park and walking trails. Leasing is scheduled to begin late next year.

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MARBLE FALLS, TEXAS — Z Modular, a division of Zekelman Industries, has begun leasing at FLATZ 830, a 264-unit multifamily project in Marble Falls, roughly 50 miles northwest of Austin. Units come in studio, one-, two- and three-bedroom floor plans, according to Apartments.com. Amenities include a pool, fitness center, multi-sport simulator, pet park, coworking lounge, private conference room and complimentary coffee bar. Rents start at approximately $1,400 per month for a studio apartment.

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The-AJ-Sacramento-CA

SACRAMENTO, CALIF. — USA Properties Fund, in partnership with LDK Ventures, has completed The A.J., a $130 million mixed-income apartment property within The Railyards in Sacramento. The apartment community is named after A.J. Stevens, a community leader and legendary Southern Pacific master mechanic who worked in The Railyards in the 1870s and 1880s. Stevens oversaw the building of Southern Pacific’s locomotives and retail cars in The Railyards. Today, The Railyards is an infill development that will include live entertainment, shops and restaurants, as well as a Kaiser Permanente medical center and a new soccer stadium for Sacramento Republic FC. Located at 251 6th St., The A.J. features 345 apartments, including 69 affordable homes for residents earning 50 percent or less of the area median income, with stainless steel appliances, quartz countertops, two-tone cabinets, ceiling fans, rainfall showerheads and walk-in closets. Ground-floor apartments feature stained concrete floors while units on the other four floors will feature carpet and wood-plank floors. Apartments will also feature smart-lock access, smart thermostats and the ability to check on deliveries and visitors from screens in the units. Community amenities include a 24/7 fitness center; a sky lounge with a rooftop observation deck with fire tables, gas …

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Shaver-Hall-Manhattan

NEW YORK CITY — The Food Hall Co., a Dallas-based operator, has unveiled plans for Shaver Hall, a 35,000-square-foot culinary destination that will be located within the historic former Lord & Taylor building at 424 Fifth Ave. in Midtown Manhattan. Designed by ZGF Architects and ICRAVE, Shaver Hall will feature 11 curated food stalls, including an Omakase concept, a wine and cheese bar, a steakhouse and a modern bodega. Shaver Hall is scheduled to open before the end of the year.

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WATERLOO, IOWA — International Paper (IP) is building a new corrugated box plant in Waterloo that will replace its existing facility in the city. The project represents a $260 million investment and is expected to create more than 85 additional jobs for a total of 210 employees. According to the City of Waterloo, the project marks the largest box plant in the U.S. Construction is slated to begin this spring. Operations at the plant are expected to begin in the fourth quarter of 2026. Approximately 130 full-time jobs will be created during construction. IP is currently under contract with the city for the purchase of the land. The project team includes Miller Valentine Construction and Andrew Churchill Architect PC.

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WEST LAFAYETTE, IND. — LV Collective has broken ground on Rambler Riverfront, a two-building student housing development near Purdue University in West Lafayette. The luxury project at 224 E. State St. is slated for completion in fall 2027. Plans for the 799,289-square-foot development include 583 units as well as retail space.

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OMAHA, NEB. — Darland Construction Co. has completed an office remodel for DMSi Software in Omaha. The project included the removal of a section of the upper floor, creating an open, two-story area with a “floating” conference room. Darland constructed a large, custom staircase to anchor the two spaces. The project also included a large work café with various seating options, interactive games and beer taps. The lobby features a 154-square-foot fabric light fixture. Avant Architects was the project architect. DMSi serves the building products industry.

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CHARLOTTE, N.C. — Mill Creek Residential has begun leasing Modera Liberty Row, a 239-unit apartment community located at 7740 Liberty Row Drive in Charlotte’s SouthPark neighborhood. The community will offer studio, one-, two- and three-bedroom options averaging 1,100 square feet in size. Monthly rental rates at Modera Liberty Row range from $1,950 to $4,500, according to the property website. Amenities will include a resort-style pool, fitness center with a yoga studio, four elevated courtyards, multiple clubrooms, game room, golf simulator lounge, bocce ball courts, coworking spaces, private offices, pet spa, bicycle storage, 24/7 self-serve package room and secured parking garages with EV charging stations. The two-building property is located on The Loop, a three-mile urban trail, and within close proximity to Piedmont Town Center, Phillips Place and SouthPark Mall. Mill Creek anticipates first move-ins at Modera Liberty Row in June.

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FUQUAY-VARINA, N.C. — Foundry Commercial has brokered the sale of a nearly 30-acre industrial land site along the N.C. Highway 55 corridor in Fuquay-Varina. The buyer, Chicago-based Stotan Industrial, will deliver approximately 487,200 square feet of small-bay industrial space across three new buildings. Stotan anticipates the project, its first in the Raleigh-Durham region, will be delivered in second-quarter 2026. Jim Allaire, Sarah Godwin and Karl Hudson IV of Foundry represented the undisclosed seller in the transaction. The project represents the first large-scale, institutionally designed industrial development in Fuquay-Varina in decades, according to Foundry Commercial.

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The-Commons-at-Cottonwood-Creek-Waco

WACO, TEXAS — Texas-based Parkspring Multifamily will develop a 392-unit multifamily project within the Cottonwood Creek master-planned development in Waco. Commons at Cottonwood Creek will offer a mix of one- and two-bedroom apartment homes that will range in size from 754 to 1,028 square feet. Residences will feature stainless steel appliances, quartz countertops, wood-vinyl plank flooring, full-size washers and dryers, smart-home technology and private yards in select units. Amenities will include a resident clubhouse with a kitchen, coffee bar, pool table, golf simulator and TVs; a business center with private conference rooms and coworking spaces; a resort-style pool with tanning ledges; a fully equipped athletic club; outdoor kitchen areas; and an onsite dog park. EDI International is the project architect, and OHT Partners is the general contractor. Construction will begin this month and is expected to be complete in mid-2027. NewQuest is the master developer of Cottonwood Creek.

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