Development

Ryan Cos. Begins Leasing 347-Unit Oak House Apartments in Leander, Texas

by Taylor Williams April 22, 2024

LEANDER, TEXAS — Minneapolis-based developer Ryan Cos. has begun leasing Oak House Apartments, a 347-unit multifamily community located north of Austin in Leander. Oak House consists of 10 buildings that house one-, two- and three-bedroom units on a 20-acre site. Amenities include a pool, fitness center, outdoor grilling and dining areas, clubroom, coffee bar and a dog park. Ryan Cos. developed the property in a joint venture with Denver-based Brue Baukol Capital Partners. Dallas-based Humphreys & Partners Architects designed the project, and Cadence McShane Construction served as the general contractor. First Horizon Bank provided construction financing. Rents start at $1,300 per month for a one-bedroom apartment. The first move-ins will begin this summer.

April 22, 2024

Civic Development Retail Texas

Dallas Stars to Develop 225,000 SF Multi-Sport Training Facility in Northlake, Texas

by Taylor Williams April 22, 2024

NORTHLAKE, TEXAS — The Dallas Stars professional hockey team will develop a 225,000-square-foot multi-sport training facility in Northlake, located north of Fort Worth. According to D Magazine, the project is valued at $45 million. Scheduled to open in 2025, the facility will feature two National Hockey League (NHL) regulation sheets of ice and eight basketball courts that can be converted to 16 volleyball courts. Lee Lewis Construction Inc. is the general contractor for the project, which will be the third of its kind for the Stars, joining facilities in Farmers Branch and Lewisville, Texas.

April 22, 2024

Development Industrial New York Northeast

Coca-Cola Breaks Ground on $650M Fairlife Dairy Production Facility in Webster, New York

by Taylor Williams April 22, 2024

WEBSTER, N.Y. — The Coca-Cola Co. (NYSE: KO) has broken ground on a $650 million production facility for its dairy brand Fairlife in the Central New York community of Webster, located just west of Rochester. About 250 people are expected to work at the 745,000-square-foot facility, which will source from local milk co-operatives to produce its line of dairy-based beverages before distributing them to retailers across the region. Completion is slated for the fourth quarter of 2025. Empire State Development provided $21 million in assistance for the project through the performance-based Excelsior Jobs Tax Credit Program in exchange for job creation commitments. The Atlanta-based soft drink giant acquired Fairlife in 2020.

April 22, 2024

Development Massachusetts Multifamily Northeast

Partnership Begins Leasing 475-Unit Multifamily Project in Metro Boston

by Taylor Williams April 22, 2024

REVERE, MASS. — A partnership between National Real Estate Advisors, Cathexis and The HYM Investment Group has begun leasing Amaya, a 475-unit multifamily project located in the northeastern Boston suburb of Revere. Designed by ICON Architecture, the project is part of the redevelopment of the 161-acre former Suffolk Downs racetrack and houses 24,000 square feet of ground-floor retail space. Units come in studio, one- and two-bedroom floor plans. Amenities include a pool, landscaped courtyards, an outdoor kitchen with grilling stations, fitness center and a game room with an arcade. Ullico, a Washington, D.C.-based insurance company, financed construction of the project. Rents start at roughly $2,400 per month for a studio apartment.

April 22, 2024

Development Industrial New Hampshire Northeast

Can-One USA Opens 180,000 SF Manufacturing Plant in Nashua, New Hampshire

by Taylor Williams April 22, 2024

NASHUA, N.H. — Can-One USA has opened a 180,000-square-foot beverage container manufacturing plant in Nashua, located near the New Hampshire-Massachusetts border. The facility will provide cans for an array of beverage types, including beer, soft drinks, juices and sparkling waters, allowing the company to reach production outputs of more than 2 billion aluminum beverage cans annually. Locally based design-build firm PROCON handled architectural and general contracting duties for the project. The Kane Co. developed the property.

April 22, 2024

Development Industrial Northeast Pennsylvania Walker & Dunlop

Walker & Dunlop Provides $6.2M Equity Investment for Metro Philadelphia Industrial Project

by Taylor Williams April 22, 2024

ASTON, PA. — Walker & Dunlop Investment Partners has provided $6.2 million in equity for a 100,000-square-foot industrial project that will be located at 48 Chichester Ave. in Aston, a western suburb of Philadelphia. According to LoopNet Inc., the project will feature a clear height of 36 feet, 10 exterior dock doors and 2,500 square feet of office space. The name of the developer was not disclosed.

April 22, 2024

Development Florida Retail Southeast

WMG Development Opens Publix-Anchored Retail Center in Southwest Florida

by John Nelson April 22, 2024

ESTERO, FLA. — Winter Garden, Fla.-based WMG Development has opened Shoppes at Verdana Village, a 78,000-square-foot retail center in Estero. Publix anchors the southwest Florida property. Other tenants at the center include Publix Liquor, Heartland Dental, The Nail Spa Estero, New York Pizza & Pasta, Dunkin’ and The UPS Store. WMG acquired the land from Cameratta Cos., master developer of the larger Verdana Village development.

April 22, 2024

Development Industrial Midwest Self-Storage South Dakota

U-Haul Breaks Ground on 1,400-Unit Self-Storage Facility in Sioux Falls, South Dakota

by Kristin Harlow April 22, 2024

SIOUX FALLS, S.D. — U-Haul has broken ground on a 1,400-unit self-storage facility located at 3500 Powder House Road in Sioux Falls. Named U-Haul Moving & Storage of Veterans Parkway, the development is slated for completion in early 2025. The eight-acre property will include two three-story buildings with 700 units each. Customers will have 24-hour access, and units will include high-end security features. Plans call for a separate warehouse to hold 1,250 mobile storage containers. Customers will also have access to moving trucks, trailers, boxes and packing supplies, professional hitch installation and towing equipment.

April 22, 2024

Development Florida Mixed-Use Multifamily Office Southeast

Grover Corlew to Add 360 Residential Units, Renovate Office Buildings at Hillsboro Center in Deerfield Beach, Florida

by John Nelson April 19, 2024

DEERFIELD BEACH, FLA. — Grover Corlew has received final site plan approval for the addition of 360 residential units and renovations to existing office buildings within the Hillsboro Center master-planned development at 600 and 700 Hillsboro Blvd. in Deerfield Beach, a city in South Florida’s Broward County. The developer has also been approved for the demolition of 45,000 square feet of existing two-story office space at the site. The residential units will be Mayla-branded luxury apartments. Plans also include upgrades to nearby public streets, parks, traffic signals and intersections, as well as onsite public plazas and a new road through the development. Grover Corlew is scheduled to break ground on the project in late 2025. The developer has already invested more than $10 million in interior renovations at 600 and 700 Hillsboro Blvd. Office tenants including GardaWorld Security Corp., Tomberg, Morris & Poulin and The Craneware Group have signed leases for more than 20,000 square feet of space at the property.

April 19, 2024

Acquisitions Development Florida Self-Storage Southeast

CBRE Brokers $4.5M Sale of Self-Storage Development Site in Southwest Florida

by John Nelson April 19, 2024

LEHIGH ACRES, FLA. — CBRE has brokered the $4.5 million sale of a self-storage development site located in Lehigh Acres, a city in Southwest Florida’s Lee County. A private investor acquired the 87,813-square-foot property, which is situated at 511 Lee Blvd. Upon completion, the development will feature 971 climate-controlled self-storage units. CBRE’s Self Storage Advisory Group represented the seller, a private investor, in the transaction.

April 19, 2024

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