COLUMBUS, OHIO — PREMIER Design + Build Group has completed Phase II of the Rickenbacker Logistics Park in Columbus. CT Realty is the developer of the 382-acre industrial park. Phase II included three new buildings, expanding the development by more than 2 million square feet. Phase II also involved the construction of Raymond Avenue and Henson Family Street, as well as expanding an existing retention pond. PREMIER also completed tenant improvements for Building 7, a 1 million-square-foot property that is home to a global beverage company. PREMIER recently began work on Phase III, which will add a 773,000-square-foot building. When complete, Rickenbacker Logistics Park will total 4 million square feet. The project team included Harris Architects, Swift Engineering and Verdantas. Mechanical, electrical and plumbing partners included Connelly Electric, MVP Plumbing Corp., Dalmatian Fire and MK Industries Inc.
Development
ORLANDO, FLA. — The Cordish Cos. has announced plans for a 73,000-square-foot dining and entertainment destination in Orlando. Dubbed Live! at the Pointe Orlando, under the company’s hospitality and entertainment brand, the property will feature a 4,800-square-foot cocktail lounge; 4,600-square-foot bar; and anchor venues Sports & Social and PBR Cowboy Bar. Sports & Social, a restaurant and bar concept, will span 11,700 square feet across two levels, with an LED display for viewing sporting events and social games including skee-ball, foosball, arcades games and shuffleboard. The 8,400-square-foot PBR Cowboy Bar will feature multiple signature bars, private VIP booths and a mechanical riding bull. Live! at the Pointe Orlando is scheduled to open this fall.
JACKSONVILLE, FLA. — Presidium has completed Presidium Park, a 342-unit multifamily community located at 8181 AC Skinner Parkway in Jacksonville. The development features apartments in one-, two- and three-bedroom layouts, ranging from 616 to 1,703 square feet in size. Monthly rents at the community range from $1,450 to $2,875. Amenities at the property include a club room, game lounge, golf simulator and theater room, billiards room, fitness center, coworking lounge, coffee lounge and podcast rooms, situated within an 11,000-square-foot leasing and amenity center. The 400,000-square-foot community also features a rooftop terrace and lounge area, indoor and outdoor fireplaces, grilling stations, a swimming pool, electric vehicle charging stations, a car wash area, dog park and spa and bike storage and repair stations. Dwell Design Studio designed the property.
SAN ANTONIO — JCB, an English manufacturer of heavy machinery and industrial equipment, has acquired 400 acres along State Highway 16 in San Antonio with plans to construct a production facility that could ultimately employ as many as 1,500 people. The assemblage consists of two parcels spanning 172.7 and 227.3 acres. Phil Crane and Dan Gostylo of Partners Real Estate represented the sellers in the disposition of both parcels. A construction timeline was not disclosed.
Joint Venture Completes 500,000 SF Cochrane Technology Center Spec Industrial Park in Morgan Hill, California
by Amy Works
MORGAN HILL, CALIF. — Trammell Crow Co. (TCC) and joint venture partner CBRE Investment Management (CBRE IM) have completed construction of Cochrane Technology Center (CTC), a 500,000-square-foot, Class A industrial park in the Silicon Valley city of Morgan Hill. Situated on 30 acres, the speculative development offers five buildings, ranging in size from 73,668 square feet to 138,698 square feet: Chip Sutherland, Rob Shannon and Brian Matteoni of CBRE are handling marketing and leasing of the asset.
Avison Young Brokers $13M Sale of Multifamily/Retail Development Site in Downtown Phoenix
by Amy Works
PHOENIX — Avison Young has arranged the sale of a 3.9-acre land parcel located at 1500 N. Central Ave. in downtown Phoenix. Donnelley Financial sold the asset to Scottsdale-based Aspirant Development for $13 million. The buyers plan to use the site for the development of a 25-story building offering 325 apartment units and 17,000 square feet of retail space. Development of the project is underway, with completion slated for 2025. The site is situated on the corner of Central Avenue and McDowell Road and offers immediate access to the Valley Metro Light Rail stop. Mark Seale, Jonathan Larsen and Sally Zesut of Avison Young represented the seller, while Ray Cashen of Cashen Commercial represented the buyer in the transaction.
EVANSTON, ILL. — Mosaic Construction LLC has completed a renovation of FEW Distillery, a craft distillery located at 918 Chicago Ave. in Evanston — the birthplace of Prohibition. Mosaic conducted a structural renovation to the 3,000-square-foot whiskey production facility. According to Mosaic, FEW became the first maker of whiskey and gin in Evanston since the U.S. Congress ended Prohibition nearly 100 years ago. The company opened at a former automotive shop in 2011 with its entrance hidden in an alley. The renovation included new steel columns, support beams, a concrete floor and electrical work. The project team consisted of Moshe Calamaro and Associates (engineering), Battaglia Electric (electric), Twin Bros. Paving (concrete flooring) and GCS Roman Steel Work (steel).
HOUSTON — Gauge Real Estate Partners has completed Gauge Interwood Logistics, a 95,886-square-foot industrial project in Houston. The site spans seven acres within the 440-acre Interwood Business Park on the city’s north side. The standalone, rear-load facility features 32-foot clear heights, 180-foot truck court depths, 19 trailer stalls and an ESFR sprinkler system. Powers Brown Architecture designed the project, and Rosenberger Construction served as the general contractor. CBRE has been tapped as the leasing agent. Construction began last fall.
NEW YORK CITY — Locally based firm Extell Development Co. has topped out a 30-story, 435,000-square-foot medical office project at 1520 First Ave. on Manhattan’s Upper East Side. Designed by Perkins Eastman Architects, the building will occupy a full city block between East 79th and East 80th streets and house ambulatory care and surgical facilities. Additional building features will include multiple outdoor terraces and mechanical systems to enhance comfort and energy efficiency, as well as ground-floor retail space. The Hospital for Special Surgery (HSS) has preleased eight floors totaling 195,580 square feet to serve as the facility’s anchor tenant. HSS will house orthopedic and rheumatology physician’s offices, as well as ancillary services for treatment of musculoskeletal conditions. Newmark has been tapped to lease the remainder of the space. Lendlease provided preconstruction management services for the project, full completion of which is slated for the second quarter of 2025.
HYDE PARK, N.Y. — Pennsylvania-based developer Shaner Hotel Group has completed a $55 million Marriott-branded hotel in Hyde Park, about 90 miles north of New York City. Marriott will operate the 137-room hotel, which will be located within the $1 billion Bellefield at Historic Hyde Park mixed-use development, under its Residence Inn brand. Amenities include a fitness center, onsite restaurant and a convenience mart. T-Rex Capital Group is the master developer of Bellefield at Historic Hyde Park.