Development

Carmel Partners Opens 910-Unit VOX at Cumulus Apartments in Los Angeles

by Jeff Shaw June 20, 2023

LOS ANGELES — Carmel Partners has completed the development of VOX at Cumulus, a 14-acre mixed-use community on the site of the former Cumulus radio station towers in Los Angeles. VOX at Cumulus features 910 apartment and townhome units, including studios, one-, two- and three-bedroom floor plants. The property also offers 100,000 square feet of retail space anchored by a Whole Foods Market. The project development team also included TCA Architects (architects), DCI (structural engineering), AMPAM (plumbing), PSOMAS (civil), DFDA (mechanical), Seal Electric (electrical) and MLA (landscaping).

June 20, 2023

Development Hospitality Mixed-Use Office Oregon Restaurant Retail Top Stories Western

BPM to Open $600M Ritz Carlton Mixed-Use Tower in Downtown Portland in August

by John Nelson June 20, 2023

PORTLAND, ORE. — BPM Real Estate Group, a locally based and privately owned development and investment company, plans to open the Block 216 mixed-use tower in downtown Portland in August. Located at 900 SW Washington St., the tower will house The Ritz-Carlton, Portland hotel, the brand’s first in the Pacific Northwest. In addition to the 251-room hotel, the high-rise will include The Ritz-Carlton Residences (132 condos and penthouses across 15 floors), shops and 134,000 square feet of office space, as well as a food hall on the ground level known as FLOCK. Development costs for Block 216 are reportedly $600 million. “As one of the tallest towers in Portland, this development is a monumental signifier of the renewal and transformation in store for this city,” says Walter Bowen, founder and CEO of BPM. “We are pleased to contribute to Portland’s continued recovery and resurgence as one of the country’s leading business centers and gateway to the Pacific Northwest travel destination locations.” The Ritz-Carlton hotel’s amenities will include a spa, signature restaurant on the 20th floor, infinity-edge pool and a 4,000-square-foot fitness center, according to the hotel website. FLOCK, which will house nine BIPOC-owned (black, indigenous and people of color) vendors, is …

June 20, 2023

Development Industrial Southeast Virginia

Merritt Properties Begins Construction on 750,000 SF Industrial Project in Metro Baltimore

by John Nelson June 19, 2023

WHITE MARSH, MD. — Merritt Properties has begun construction on White Marsh Interchange Park, a 750,000-square-foot industrial project located at 10301 Philadelphia Road in White Marsh, roughly 17 miles outside Baltimore. Upon completion, the development will comprise nine one-story buildings situated on 56 acres. The first phase of the project will include three buildings totaling 235,000 square feet. The buildings will feature 20- to 32-foot clear heights, truck courts with rear-loaded docks and drive-in capabilities and parking with trailer storage. Merritt Construction Services will manage the construction, the first phase of which is scheduled for completion next spring. Merritt acquired the land for the project in 2021.

June 19, 2023

Acquisitions Development Retail Southeast Virginia

Buc-ee’s to Expand to Virginia With New 75,000 SF Location in Metro Richmond

by John Nelson June 19, 2023

NEW KENT, VA. — Texas-based Buc-ee’s has purchased 27.7 acres off I-64 in the Richmond suburb of New Kent, with plans to develop the brand’s first location in Virginia. Upon completion, the Buc-ee’s Super Center will comprise 75,000 square feet of retail space, 120 fueling stations, electric vehicle chargers and more than 650 parking spaces. Construction on the project is scheduled for completion within the next 24 months. Nathan Shor of S.L. Nusbaum Realty Co. represented both the seller and Buc-ee’s in the land acquisition.

June 19, 2023

Development Office Texas

MetroNational Completes $25M Renovation of Houston Office Complex

by Taylor Williams June 19, 2023

HOUSTON — MetroNational has completed the $25 million renovation of Memorial City Plazas, a 1 million-square-foot office development in Houston’s Memorial City district. Memorial City Plazas comprises three buildings that rise 12, 14 and 18 stories. The renovation delivered upgraded amenity spaces, including the campus’ fitness center and conference room, and the addition of a new outdoor dining and meeting space. MetroNational also upgraded the touchless technology features, security systems and skywalks that connect the three buildings. Ziegler Cooper served as the project architect. E.E. Reed Construction and O’Donnell/Snider Construction served as the general contractors.

June 19, 2023

Development Industrial Texas

HLCI Delivers 421,890 SF Industrial Project in Metro Dallas

by Taylor Williams June 19, 2023

DESOTO, TEXAS — Holt Lunsford Commercial Investments (HLCI) has delivered Stoneridge at Hampton Road, a 421,890-square-foot industrial project in Desoto, a southern suburb of Dallas. The freestanding, cross-dock facility features 36-foot clear heights, 93 dock positions, 185-foot truck court depths, 83 trailer parking stalls and 3,463 square feet of office space. Affiliate firm Holt Lunsford Commercial is also the leasing agent for the project.

June 19, 2023

Development Industrial New Jersey Northeast

Dermody Properties to Develop 214,271 SF Industrial Facility in Woolwich Township, New Jersey

by Taylor Williams June 19, 2023

WOOLWICH, N.J. — Nevada-based Dermody Properties will develop a 214,271-square-foot industrial property in Woolwich Township, located in the northern part of the Garden State. The site spans 14 acres, and the facility will feature a clear height of 40 feet, two drive-in doors, 39 dock doors, 169 car parking spaces and 19 trailer parking stalls. Delivery is slated for mid-2024. Gerry Blinebury, Gary Gabriel, Kyle Schmidt, Brendan McGeary, John Gartland and Jonas Skovdal of Cushman & Wakefield represented the seller in the land deal.

June 19, 2023

Development Multifamily Northeast Pennsylvania

Method Co., Cimbra Partners Begin Leasing 142-Unit Multifamily Project in Philadelphia

by Taylor Williams June 19, 2023

PHILADELPHIA — A partnership between locally based developer Method Co. and an affiliate of Mexican investment firm Cimbra Capital has begun leasing The Driftway, a 142-unit multifamily project in Philadelphia’s East Falls neighborhood. Designed by Morris Adjmi Architects, the property offers one- and two-bedroom units and amenities such as a pool, fitness center, coworking lounge and a pet wash area. Information on starting rents was not disclosed.

June 19, 2023

Development New Jersey Northeast Office Retail

S. Hekemian Group Completes 52,000 SF Office, Retail Project in Montvale, New Jersey

by Taylor Williams June 19, 2023

MONTVALE, N.J. — The S. Hekemian Group, a locally based developer, has completed Workplace North Market, a 52,000-square-foot office and retail project in Montvale, located near the New York-New Jersey border. The four-story building houses 40,500 square feet of office space and 11,500 square feet of retail space and is located within North Market, a mixed-use redevelopment of the former Mercedes-Benz USA North America headquarters campus. Law firm Beattie Padovano has committed to leasing 20,000 square feet as the anchor tenant.

June 19, 2023

Colorado Development Office Western

Mortenson Breaks Ground on 65,000 SF Denver Headquarters

by Jeff Shaw June 19, 2023

DENVER — Mortenson has broken ground on its four-story, 65,000-square-foot headquarters in Denver’s River North Art District. The new space will be located at 3083 Walnut St. The builder, developer and engineering services provider will be actively involved in the building’s development, design, fabrication and construction. The company will own and occupy the headquarters, with about 37,000 square feet dedicated to its own operations on the second and third floors. The ground and top levels will be available for leasing as retail and office spaces, respectively.

June 19, 2023

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