Development

Arden Group Completes Renovation, Lease-Up of 865,000 SF Industrial Complex in Houston

by Taylor Williams December 11, 2023

HOUSTON — Philadelphia-based Arden Group has completed the renovation and lease-up of a 34-building, 865,000-square-foot industrial complex located on the northwest corner of the Beltway 8 and Hardy Toll Road in Houston. Arden Group first acquired the asset in late 2021 and has since rebranded it as North Park 34 and appointed Stream Realty Partners as the leasing agent. Capital improvements included implementing a more traditional office/warehouse configuration, painting building exteriors, upgrading interior/exterior lighting and undertaking full interior renovations to 21 vacant suites.

December 11, 2023

California Development Multifamily Western

Sudberry Properties Starts Construction of 200-Unit The Brynn Multifamily Community in San Diego

by Amy Works December 11, 2023

SAN DIEGO — Sudberry Properties has broken ground on The Brynn, its fourth apartment property in the 230-acre, master-planned Civita community in San Diego’s Mission Valley neighborhood. Located on 3.3 acres at 2525 Via Alta, The Brynn is slated to open in 2025 and overlook the 14.3-acre Civita Park. The five-story property will feature 200 one-, two- and three-bedroom apartments, ranging in size from 613 square feet to 1,448 square feet. Units will include nine-foot ceilings, hardwood-style flooring, carpeting, and kitchens with Energy Star stainless steel appliances, quartz countertops and full-size washers and dryers. Additionally, some layouts offer patios or decks. Community amenities include a 360-space parking structure, clubroom, pool, spa, barbecues, lounges, firepits, TVs, an indoor/outdoor fitness area, shuffleboard, an indoor/outdoor bar, a pool table and lounge area with couches. Residents at The Brynn will also have access to the recreational amenities at the three existing apartment neighborhoods in Civita – Circa 37, West Park and Purl.

December 11, 2023

Arizona Development Industrial Western

Super Radiator Coils Breaks Ground on 150,000 SF Industrial Heat Exchanger Manufacturing Facility in Mesa, Arizona

by Amy Works December 11, 2023

MESA, ARIZ. — Super Radiator Coils, a company specializing in heat exchanger manufacturing, has broken ground on a ground-up design/build industrial facility in Mesa. The project team includes Scannell Properties, Ware Malcomb as architect and Brinkmann Constructors as design/builder. Constructed of concrete tilt-up panels, the 150,000-square-foot facility will include more than 45,000 square feet of Class A office space, 130,000 square feet of fully conditioned manufacturing floor space, gantry crane systems and clean room areas that support advanced manufacturing. Super Radiator Coils will use the facility as its western U.S. production hub to produce industrial heat exchangers, coils and nuclear products. Completion is slated for fall 2024. John Grady, Jackei Orcutt and Jonathan Teeter of CBRE represented Super Radiator Coils in the development and building transaction.

December 11, 2023

Development Multifamily New York Northeast

Fetner Properties, Lions Group Top Out 50-Story Apartment Building in Queens

by Taylor Williams December 11, 2023

NEW YORK CITY — A partnership between two locally based developers, Fetner Properties and Lions Group, has topped out The Italic, a 50-story apartment building located at 26-32 Jackson Ave. in the Long Island City area of Queens. Designed by SLCE Architects and built by Hunter Roberts, the building will ultimately house a mix of 365 market-rate and affordable units. Information on floor plans and amenities, as well as a tentative completion date, was not disclosed.

December 11, 2023

Development Multifamily New York Northeast

Cappelli Development Begins Leasing 241-Unit Apartment Building in New Rochelle, New York

by Taylor Williams December 11, 2023

NEW ROCHELLE, N.Y. — Cappelli Development Co. has begun leasing Encore, a 241-unit apartment building in New Rochelle, a northern suburb of New York City. The 28-story building offers studio, one- and two-bedroom units that are furnished with stainless steel appliances, quartz countertops, walk-in closets and individual washers and dryers. Amenities include a pool, fitness center, children’s playroom, multi-sport simulator, coworking lounge and a catering kitchen. Rents start at roughly $1,900 per month for a studio apartment.

December 11, 2023

Development Hospitality New York Northeast

T-Rex Capital, Shaner Near Completion of 137-Room Marriott-Branded Hotel in Hyde Park, New York

by Taylor Williams December 11, 2023

HYDE PARK, N.Y. —A partnership between locally based developer T-Rex Capital and Pennsylvania-based owner-operator Shaner Hotel Group is nearing completion of a 137-room, Marriott-branded hotel in Hyde Park, about 85 miles north of Manhattan. The hotel will be located within Bellefield at Historic Hyde Park, a $1 billion mixed-use development, and will operate under Marriott’s Residence Inn brand. Rooms will feature kitchens and workstations, and amenities will include a fitness center, 3,180 square feet of meeting space, a 150-person ballroom and multiple onsite food-and-beverage options. The hotel will welcome its first guests early next year.

December 11, 2023

Development Multifamily New Jersey Northeast Seniors Housing

Chelsea Senior Living Opens Community in Washington Township, New Jersey

by Taylor Williams December 11, 2023

WASHINGTON TOWNSHIP, N.J. — Chelsea Senior Living has opened The Chelsea at Washington Township, an assisted living and memory care community in Washington Township, a suburb of Philadelphia. Capitol Seniors Housing (CSH) owns the property. The number of units was not disclosed. This will be Chelsea’s second community in Bergen County, 18th in New Jersey and 23rd overall. Chelsea and CSH are working together on their next community in the New York City suburb of West Orange, New Jersey, which is projected to open in 2025.

December 11, 2023

Development Industrial Midwest Wisconsin

Brinkmann Constructors Completes Two Spec Industrial Buildings Totaling 1.2 MSF in Kenosha, Wisconsin

by Kristin Harlow December 11, 2023

KENOSHA, WIS. — Brinkmann Constructors has completed two speculative industrial buildings totaling 1.2 million square feet at Flint 94 Commerce Center, a 128-acre industrial park in Kenosha. Flint Development is the developer. One of the buildings totals 735,000 square feet, while the other spans 510,000 square feet. Both facilities feature a shipping office build-out and amenities such as ample heavy trailer parking, ESFR sprinklers and LED lighting.

December 11, 2023

Development Indiana Midwest Retail

Drip Auto Spa Opens New Car Wash in Highland, Indiana

by Kristin Harlow December 11, 2023

HIGHLAND, IND. — Drip Auto Spa has opened a new car wash at 8955 Indianapolis Blvd. in Highland, a city in northwest Indiana. The 45,000-square-foot redevelopment project took nearly three years of planning, zoning approvals, design and construction. F & E Ventures LLC acquired the one-acre site that included a long-defunct night club in a state of near collapse. The new auto spa on the site features the latest technology for washing cars and light-duty trucks. Multi-lane automated vehicle entry and payment systems enhance the flow and eliminate long lines. Bill Loy and Jeff Bennett of McColly Bennett Commercial Advantage brokered the transaction. Loy represented F & E Ventures in the acquisition of the land. Bennett represented the seller, Goulas Inc. Design Alliance was the project architect, and Torrenga Engineering provided engineering services. Drip Auto Spa owners plan to add new locations in Cape Coral, Fla., and Lakemoor, Ill., in 2024.

December 11, 2023

Development Hospitality Mixed-Use North Carolina Southeast

NexPoint, Alamo Manhattan to Develop 250-Room Hotel in North Carolina’s Research Triangle Park

by John Nelson December 8, 2023

RESEARCH TRIANGLE PARK, N.C. — An affiliate of NexPoint Advisors has acquired land within Research Triangle Park (RTP) for the development of a 250-room Marriott Renaissance-branded hotel. The buyer has partnered with Dallas-based developer Alamo Manhattan to deliver the project, which will be situated at 4175 Sancar Way within Hub RTP, a $1.5 billion mixed-use development serving as RTP’s downtown. Construction is scheduled to begin next summer. Dubbed Renaissance RTP, the property will feature a full-service restaurant and bar, as well as 13,000 square feet of meeting space. Upon full build-out, Hub RTP will comprise up to 1 million square feet of office and life sciences lab space, 38,000 square feet of retail space and 1,200 multifamily units, in addition to the hotel.

December 8, 2023

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