Development

L&F Distributors to Open 220,000 SF Industrial Facility in El Paso

by Taylor Williams October 31, 2023

EL PASO, TEXAS — L&F Distributors, a South Texas-based wholesaler of alcoholic beverages, will open a 220,000-square-foot industrial facility in El Paso. The facility will feature 32-foot clear heights, 26 loading docks and two levels of office space, and the site can support another 68,500 square feet of expansion. HDA Architects is designing the project, and Catamount Constructors is serving as the general contractor. Construction began earlier this month and is expected to be complete in 2025.

October 31, 2023

Development Industrial Midwest Missouri

Keystone Construction Breaks Ground on 131,000 SF Industrial Headquarters for Tubular USA in Suburban St. Louis

by Kristin Harlow October 31, 2023

CHESTERFIELD, MO. — Keystone Construction Co. has broken ground on a 131,000-square-foot headquarters and manufacturing facility for Tubular USA in Chesterfield, a western suburb of St. Louis. Tubular is a supplier of in-line galvanized pipe and tubing. The project is located within Phase II of Spirit Valley Business Park. The new facility will replace Tubular’s two existing buildings in Weldon Spring, Mo. The project team includes Gray Design Group, Stock & Associates Consulting Engineers Inc. and Knapp Engineering. Completion is slated for June 2024. Keystone built the infrastructure for the first phase of the 50-acre Spirit Valley Business Park in 2008 and has since constructed 11 buildings within the business park.

October 31, 2023

Affordable Housing Development Florida Multifamily Southeast

RUDG Breaks Ground on Fourth Phase of 60-Acre Liberty Square Redevelopment in Miami

by Hayden Spiess October 31, 2023

MIAMI — Related Urban Development Group (RUDG), the affordable housing arm of Related Group, has broken ground on Phase 4 of the 60-acre Liberty Square redevelopment in Miami. Dubbed Serenity Liberty Square, the fourth phase will comprise 193 residential units across three buildings for families and individuals earning 30 to 80 percent of the area median income (AMI). Upon completion, which is scheduled for March 2025, the property will also feature the Jessie Trice Healthcare Center, as well as the new headquarters of the Miami-Dade Chamber of Commerce. Funding for Liberty Square Phase Four includes tax-exempt bonds, low-income housing tax credit (LIHTC) equity and funds from the Florida Housing State Apartment Incentive Loan Program (SAIL) and Miami-Dade County Surtax. The Liberty Square redevelopment will total nine phases and comprise roughly 1,900 new residential units, renovations to the Liberty Square Community Center, a new educational center, green spaces and a grocery store.

October 31, 2023

Development Florida Multifamily Southeast

Thompson Thrift to Develop 300-Unit Standard441 Multifamily Community in Orlando Suburb

by Hayden Spiess October 31, 2023

LADY LAKE, FLA. — Thompson Thrift will begin development this month on Standard441, a 300-unit multifamily community to be located in the Orlando suburb of Lady Lake. Upon completion, the property will feature apartments in one-, two- and three-bedroom layouts. Amenities at the community will include a fitness center, swimming pool and outdoor spa, pavilion with a built-in fireplace and grills, pickleball court, dog park and pet spa, 24-hour social hub, work-from-home suites and electric vehicle charging stations. Standard441 is scheduled to open in late 2024.

October 31, 2023

Alabama Development Multifamily Southeast

Doster Completes Construction of 290-Unit Dempsey Apartments in Madison, Alabama

by Hayden Spiess October 31, 2023

MADISON, ALA. — Doster Construction Co. has completed the construction of The Dempsey Apartments, a 290-unit multifamily community in Madison. In addition to studio, one- and two-bedroom apartments, the property features 483 surface parking spaces, 25 detached garages and 5,000 square feet of retail space. Amenities at the community include a swimming pool, coworking lounge, fitness center, dog park and a clubroom. Located at 375 Lime Quarry Road, Dempsey Apartments is adjacent to the 563-acre Town Madison mixed-use community. Doster completed the construction on behalf of the developer, Novare Group.

October 31, 2023

Development Industrial Massachusetts Northeast Self-Storage

Basis Industrial Delivers 806-Unit Self-Storage Facility in Plymouth, Massachusetts

by Taylor Williams October 31, 2023

PLYMOUTH, MASS. — Basis Industrial has delivered an 806-unit self-storage facility in Plymouth, located in southern Massachusetts at the base of Cape Cod. The three-story facility spans 111,000 gross square feet of climate-controlled space and was completed in phases, with construction beginning in March 2022. Basis Industrial has engaged Public Storage to operate the facility.

October 31, 2023

Development Massachusetts Multifamily Northeast

Nauset Construction Completes 94-Unit Multifamily Project in Somerville, Massachusetts

by Taylor Williams October 31, 2023

SOMERVILLE, MASS. — Locally based general contractor Nauset Construction has completed Union 346, a 94-unit multifamily project located outside of Boston in Somerville. Designed by ICON Architecture and developed by a partnership between John M. Corcoran & Co., Grossman Cos. and SMT Development, Union 346 rises four stories and houses studio and one-bedroom units, 18 of which are reserved as affordable housing. The property also features 2,000 square feet of retail space. Amenities include a fitness center, lounge with a kitchen and a rooftop deck. Information on starting rents was not disclosed.

October 31, 2023

Development Multifamily New York Northeast

Ginsburg Development Begins Leasing 58-Unit Multifamily Project in Haverstraw, New York

by Taylor Williams October 31, 2023

HAVERSTRAW, N.Y. — Ginsburg Development has begun leasing a 58-unit multifamily project in Haverstraw, about 35 miles north of New York City, that represents Phase II of a larger development known as Admirals Cove. Units come in one-, two- and three-bedroom floor plans and are housed across two four-story buildings. Amenities include a pool, fitness center, Zen garden, outdoor grilling and dining stations and a playground. Rents start at $2,530 per month for a one-bedroom apartment. Phase I of Admirals Cove opened in June and is now 90 percent leased.

October 31, 2023

Development Leasing Activity Maryland Mixed-Use Restaurant Retail Southeast

Pinky Cole to Open Two Restaurant Concepts at $5B Baltimore Peninsula Development

by John Nelson October 30, 2023

BALTIMORE — Restaurateur Pinky Cole will open two food-and-beverage concepts, Slutty Vegan and Bar Vegan, at Baltimore Peninsula, a $5 billion mixed-use redevelopment project currently underway in Baltimore. Scheduled to open in the fourth quarter of 2024, the plant-based restaurants are expected to create more than 100 new jobs. The 14 million-square-foot, 235-acre Baltimore Peninsula development also features a four-acre sports venue, ROOST Apartment Hotel and the Rye House and 250 Mission residential communities. The development and investment team for the project includes MAG Partners, MacFarlane Partners, Kevin Plank of Under Armour and his Sagamore Ventures investment firm and Goldman Sachs Asset Management Urban Investment Group. Additionally, Pinky Cole will join the development team for Baltimore Peninsula’s Rye Street Market component.

October 30, 2023

Development Florida Leasing Activity Retail Southeast

Three Retail Tenants Sign Leases at Century Town Center in Doral, Florida

by John Nelson October 30, 2023

DORAL, FLA. — Three new tenants have signed leases at Century Town Center, a mixed-use property in Doral. My Salon Suites, Rumble Boxing and Kidstrong will occupy 5,910; 2,541; and 2,734 square feet of ground-floor retail space, respectively. Located at 8175 NW 107th Ave., Phase I of Century Town Center features 326 residential units and 31,000 square feet of retail space. A planned second phase of the project will comprise an additional 408 residential units and 27,000 square feet of retail space. Rafael Romero and Malina Huynh of JLL represented the landlord — a partnership between Mattoni Group, Double C and Century Homebuilders Group — in the lease negotiations.

October 30, 2023

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