Development

PREMIER Design + Build Group Completes 88,000 SF Headquarters for Alpha Tekniko in Lake Zurich, Illinois

by Kristin Harlow October 17, 2023

LAKE ZURICH, ILL. — PREMIER Design + Build Group has completed an 88,000-square-foot headquarters facility for Alpha Tekniko in Lake Zurich, a northwest suburb of Chicago. Alpha Tekniko is a contract manufacturer serving the healthcare industry. The firm designs, develops and produces sophisticated support surfaces, including high-tech mattresses, cushions and pads to fit an array of medical equipment like hospital beds, operating room tables and wheelchairs. The company launched in 2008 and continued to outgrow its spaces. In March 2022, the founders purchased land at 1400 Rose Road in Lake Zurich and selected PREMIER to manage design and build services for a permanent home. Construction began in October 2022. The new facility is primarily designed for manufacturing operations with some additional space devoted to offices. The building features eight dock positions and two drive-in doors. The new headquarters is fully solar powered with 444 solar panels. Additional sustainable features include high-efficiency rooftop HVAC units, high R-value precast concrete panels that increase insulating effectiveness, special emissions towers for air purification, motion-sensitive lighting and VOC-free paints. Project partners included Cornerstone Architects Ltd. and civil engineer SpaceCo.

October 17, 2023

Development District of Columbia Hospitality Mixed-Use Office Southeast

The RMR Group Completes Redevelopment of 20 Mass Mixed-Use Building in D.C.

by John Nelson October 17, 2023

WASHINGTON, D.C. — The RMR Group has completed the redevelopment of 20 Mass, a mixed-use building located at 20 Massachusetts Ave. in Washington, D.C. Office Properties Income Trust, an affiliate REIT of RMR Group, owns 20 Mass. The former government office building now houses the 274-room Royal Sonesta Washington, D.C. Capitol Hill hotel, which includes the new 200-seat French restaurant Bistro Du Jour; 183,000 square feet of upper-level office space; a 14,500-square-foot penthouse amenity space; and 13,800 square feet of retail space. The LEED Gold-certified property also features a new glass curtain wall façade and a 10-story atrium. The design-build team includes general contractor DPR Construction and architect Leo A. Daly. CBRE is the exclusive office leasing broker at 20 Mass, and JLL is responsible for retail leasing.

October 17, 2023

Development Georgia Multifamily Southeast

StreetLights Residential, PGIM Welcome First Residents at Hadley Apartments in Midtown Atlanta

by John Nelson October 17, 2023

ATLANTA — A joint venture between StreetLights Residential and PGIM Real Estate has welcomed first move-ins at The Hadley, a 300-unit luxury apartment community located at 5th and Juniper streets in Midtown Atlanta. The ownership plans to fully complete the property this fall. Situated near Tech Square and two MARTA stations, The Hadley offers studio, one-, two- and three-bedroom floor plans ranging in size from 511 to 1,713 square feet. Monthly rental rates range from $1,871 to $6,106, according to Apartments.com. Interiors include Latch Smart Home keyless entry, built-in Sonos speakers and Nest thermostats. Amenities include a private bar and lounge on the eighth floor, pool, coworking space, ground-level bar, fitness center, pet spa, covered dog park, coffee bar and a gated parking garage. StreetLights Creative Studio served as the architect and interior designer for The Hadley.

October 17, 2023

Build-to-Rent Development Multifamily Single-Family Rental South Carolina Southeast

TruAmerica Multifamily Plans $86M Build-to-Rent Residential Project Near Spartanburg, South Carolina

by John Nelson October 17, 2023

INMAN, S.C. — TruAmerica Multifamily has purchased a 33-acre site in the Spartanburg suburb of Inman for the development of Hartley View, an $86 million build-to-rent (BTR) residential community. The project will include 281 rental homes, including a mix of 214 townhomes, as well as 67 detached single-family residences. Layouts will range from 1,260 square feet to 2,200 square feet. Amenities will include a pool, dog parks, playgrounds, community parks and four acres of open wooded and recreation spaces. Hartley View represents TruAmerica’s first BTR community. The developer plans to begin horizontal construction at the site in summer 2024 and begin vertical construction in December 2024. Delivery of the first homes is scheduled for summer 2025. Brad Morris of New Deco Inc. represented the seller, Converse Development, in the land sale.

October 17, 2023

Development Multifamily New Jersey Northeast

Diversified Properties Breaks Ground on 32-Unit Multifamily Project in Jefferson, New Jersey

by Taylor Williams October 17, 2023

JEFFERSON, N.J. — Locally based developer Diversified Properties has broken ground on a 32-unit multifamily project in the Northern New Jersey community of Jefferson that represents Phase I of a larger development known as Jefferson Place. Residences will come in one- and two-bedroom floor plans and range in size from 855 to 1,216 square feet. Amenities will include a fitness center and an outdoor lounge with grilling and dining stations. Delivery is slated for fall 2024. Details of Phase II were not disclosed.

October 17, 2023

California Development Life Sciences Mixed-Use Office Retail Top Stories Western

UC Berkeley, SKS Partners Unveil Plans for $2B Innovation Hub at NASA Research Park in California

by Katie Sloan October 17, 2023

MOUNTAIN VIEW, CALIF. — A joint venture between SKS Partners and the University of California, Berkeley has unveiled plans for a $2 billion innovation hub at NASA’s Ames Research Center in the Silicon Valley city of Mountain View. Plans for the 36-acre development, dubbed Berkeley Space Center, currently include 1.4 million square feet of Class A office and research and development space; wet and dry labs; conference space; academic facilities; retail space; and 18 acres of open green space, including outdoor working yards and a central green for community gatherings, activations and exhibitions. The focus for the development is to provide research space for companies interested in collaborating with the university and NASA scientists to create future innovations in aviation and space exploration. Later phases of the project are set to include short-term stay facilities and student and faculty housing. While the development has not yet received municipal approval, the environmental entitlement process has commenced and is expected to last approximately two years. Construction is tentatively scheduled to begin in 2026. The development team for Berkeley Space Center includes design, architecture and engineering firm HOK and urban design and landscape architecture firm Field Operations. The joint venture has also tapped …

October 17, 2023

Matt Mrva Pharmaceutical Manufacturing Site Selection Quote

Bohler Content Partner Development Features Industrial Life Sciences Midwest Northeast Office Southeast Texas Western

Site Design Science: How Understanding Operations Draws Pharmaceutical Manufacturers

by Sarah Daniels October 17, 2023

Pharmaceutical companies have captured the interest of many developers and with good reason. Softening demand for traditional office space has planners looking for alternative uses to fill out business parks and multiuse developments, and drug makers represent a promising source of highly valuable occupancy. Speculative construction that accelerated during the pandemic has given pharmaceutical manufacturers plenty of options and enabled them to be choosy in site selection. However, to compete for end users, developers must ensure their properties offer the features and amenities drug makers seek, says Matt Mrva, northeast director of planning and landscape architecture at Bohler, a land development consulting and site design firm. “Simply adding a life sciences label on conventional flex space is unlikely to lure pharma companies. Research, lab and pharmaceutical manufacturing facilities often require specialized infrastructure and site layouts,” Mrva says. “Even if a property is zoned to allow for life sciences, design and development teams need to understand the proposed operations in order to optimize the facility.” Unique Facility Requirements Depending on anticipated needs, tenants may require advanced climate control and ventilation, redundant electrical feeds, high-volume water and sewer service, on-site wastewater pretreatment, backup power generation, reinforced floors to handle the weight of …

October 17, 2023

Development Florida Retail Southeast

Ferber Underway on 29-Acre Target-Anchored Retail Center in Lecanto, Florida

by John Nelson October 16, 2023

LECANTO, FLA. — The Ferber Co. is underway on the development of a 29-acre retail center in Lecanto, about 75 miles north of Tampa. Site work for the property, dubbed The Shoppes at Black Diamond, began in October 2022. Building construction is scheduled to commence over the coming weeks, with openings expected to begin in early 2024. Tenants at the center will include Target Supercenter, Aldi, Starbucks Coffee, 7-Eleven, Panera Bread and Texas Roadhouse.

October 16, 2023

Development Leasing Activity Mixed-Use North Carolina Restaurant Retail Southeast

MPV Opens Chick-fil-A, Plans New Construction at Farmington Development in Metro Charlotte

by John Nelson October 16, 2023

CHARLOTTE AND HARRISBURG, N.C. — MPV Properties has announced the addition of new tenants and buildings underway at Farmington, the developer’s master-planned community located in Charlotte and Harrisburg. Chick-fil-A opened at the property in May, and Famous Toastery is planning to open in the second half of 2024 within an outparcel behind the development’s Shop Building I. H.T. Fuel will also open on an outparcel, with construction scheduled to begin directly behind Chick-fil-A in the coming months. Construction is also scheduled to begin on Small Shops II, an 11,865-square-foot retail building. MPV is in negotiations with two tenants to fully occupy the building. The developer has also announced plans for three additional commercial buildings totaling 27,000 square feet, with development expected to begin in early 2024. Additionally, Woodfield Development is nearing completion of The Stead at Farmington, a 275-unit apartment community within Farmington. Upon completion, Farmington, which will also feature for-sale residences, will comprise 600 homes and 275,000 square feet of retail space.

October 16, 2023

Development Multifamily Texas

HALL Group Opens 214-Unit Apartment Building in Frisco

by Taylor Williams October 16, 2023

FRISCO, TEXAS — HALL Group has opened a 214-unit apartment building that is part of the $7 billion redevelopment of the locally based developer’s flagship property in Frisco, HALL Park. The Monarch HALL Park is a 19-story building that is situated on a 5.8-acre site that is also the future home of Kaleidoscope Park. The complex offers 28 different floor plans and a 21,700-square-foot amenity center with a clubroom, fitness center, community kitchen, outdoor grilling and social areas. The park is scheduled to open in spring 2024. Information on starting rents was not disclosed.

October 16, 2023

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