Thursday, December 26, 2024
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DevelopmentIllinoisMidwest

Summit Design + Build Begins Renovations at Glen Oak Country Club in Suburban Chicago

by Kristin Harlow

GLEN ELLYN, ILL. — Summit Design + Build has begun renovations on the historic clubhouse at the Glen Oak Country Club in the western Chicago suburb of Glen Ellyn. Established in 1911, the private club features an 18-hole golf course, a two-story sports complex, multiple dining areas, a skeet and trap shooting lodge and a swimming pool. The two-story, 45,597-square-foot clubhouse will undergo a complex remodel, including renovations of the dining areas, kitchen, offices, restrooms, the addition of new indoor/outdoor dining areas, a new indoor/outdoor bar and a lobby addition with a new grand staircase and elevator, as well as exterior improvements. Chipman Design Architecture Inc. is the project architect, and CBRE is the owner’s representative. Completion is slated for late summer 2025.

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DevelopmentIllinoisMidwestOffice

Urban Innovations Completes 15,000 SF Office Build-out for Metropolitan Peace Initiatives in Chicago

by Kristin Harlow

CHICAGO — Urban Innovations has completed a 15,000-square-foot office build-out for Metropolitan Peace Initiatives at 2100 S. Morgan St. in Chicago’s Pilsen neighborhood. The new space houses private and open offices, training rooms, meditation rooms and a kitchen for the Metropolitan Peace Academy, which provides counseling, training and mediation to help prevent street violence in the city. The office also includes a podcast room and 2,000-square-foot gym. Metropolitan Peace Initiatives, a division of Metropolitan Family Services, moved from a previous location. Owned by Pilsen Metropolis LLC, the building was constructed in 1940 and renovated in 2019. Wright & Co. designed the space for the tenant, with MAI Architects working as the building architect. Baum Realty represented ownership, and CBRE represented the tenant in the lease.

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DevelopmentFloridaLoansMixed-UseMultifamilySoutheastTop Stories

Terra Obtains $170M Construction Loan for First Phase of $1B Upland Park Mixed-Use Project in South Florida

by John Nelson

SWEETWATER, FLA. — Terra, a Miami-based developer, has obtained a $170 million construction loan to fund the development of Upland Park, a planned $1 billion mixed-use development in the west Miami suburb of Sweetwater. Terra is transforming Miami-Dade County’s Dolphin Park-and-Ride/Transit Terminal Facility into a multimodal hub that will feature a transit station, residences, retail space and commercial uses on a 47-acre site near Dolphin Mall. The local developer is teaming up with Miami-Dade County on Upland Park in a public-private partnership. SCALE Lending, Slate Property Group’s debt financing arm, was the lead lender on the construction loan. Terra will use the loan proceeds to fund Phase I of Upland Park, which will comprise 578 apartments. The first phase is slated to break ground in early 2025. Designed by PPK Architects, in collaboration with master plan architect Arquitectonica and urban planner Plusurbia Design, Upland Park will include more than 2,000 new mid-rise and garden-style apartments, about 282,000 square feet of shops and restaurants and approximately 414,000 square feet of commercial space. Upland Park is designed to increase public transit ridership while anchoring the new East-West Corridor of Miami-Dade County’s SMART public transportation plan. Potential transit riders will have direct access …

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DevelopmentFloridaMultifamilySoutheast

Altman Living Delivers 230-Unit Altis Grand Lake Willis Apartments in Orlando

by John Nelson

ORLANDO, FLA. — Altman Living has opened Phase II of Altís Grand Lake Willis, a 230-unit luxury apartment community in Orlando. The second phase is situated adjacent to the first phase of the community, which welcomed residents to the city’s O-Town West neighborhood last year. Located at 6260 Juniper Pine Way, the garden-style complex features one-, two- and three-bedroom apartments ranging from 707 to 1,248 square feet in size, with monthly rental rates spanning $1,750 to $2,700. Amenities include a resident and business lounge, heated saltwater pool, an outdoor entertainment zone complete with a fireplace, TVs, Wi-Fi and ping-pong, an onsite pet park and cyber café, steam rooms, movie theater, virtual gaming space and a private sports simulator. The development is also National Green Building Standard (NGBS) certified, featuring sustainable elements such as energy-efficient, stainless steel appliances, Energy Star-rated refrigerators and dishwashers and high-efficiency water heaters.

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Affordable HousingDevelopmentKentuckyMultifamilySeniors HousingSoutheast

Woda Cooper, Partners Break Ground on 76-Unit Affordable Seniors Housing Project in Louisville

by John Nelson

LOUISVILLE, KY. — Co-developers Woda Cooper Cos., Wellspring Inc. and Smith Solutions have started construction on Bridlewood Crossing, a new, 76-unit affordable housing community in Louisville for residents age 55 and older. Apartments at the property will be reserved for residents at a mix of incomes up to 70 percent of area median income (AMI). The apartment complex, located at 7945 3rd Street Road, will offer a mix of one- and two-bedroom units, where 23 units will be prioritized for seniors who are disabled, homeless or at risk of homelessness. Several more units will offer features for residents with mobility, sight or hearing disabilities. Capital partners involved with this development include the Louisville Metro Government, Louisville Affordable Housing Trust Fund, Kentucky Housing Corp. (KHC), Ohio Capital Corp. for Housing, Stock Yards Bank & Trust and Cedar Rapids Bank & Trust.  The project team consists of Blomquist Design Group (civil engineer), Grimm Architecture and Woda Construction (general contractor). Woda Management & Real Estate will lease and manage Bridlewood Crossing.

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DevelopmentMixed-UseRestaurantRetailSoutheastTennessee

Shipley Do-Nuts, Sweet Paris to Open Flagship Restaurants at Nashville Yards

by John Nelson

NASHVILLE, TENN. — Southwest Value Partners, AEG and Virentes Hospitality have announced that Shipley Do-Nuts and Sweet Paris Crêperie & Café will be opening new flagship locations at Nashville Yards in 2025. Nick Gross and Brian Ashby of CBRE represented Virentes Hospitality, which will operate both Shipley and Sweet Paris. Set to open in May, Shipley will be located within the mixed-use development’s creative office building fronting Church Street, which is anchored by CAA. The 11-story tower will feature three levels of retail, dining and entertainment leased to tenants including Iconix Fitness, EVO Entertainment, Fogo de Chão and Ocean Prime. In June, Sweet Paris will open along Signal Street on the first level of The Pinnacle, which is Nashville Yards’ indoor live music and events venue that will open in February with a Kacey Musgraves concert. Nashville Yards will be the first location in Tennessee for Sweet Paris and the brand’s 20th overall.

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Cannon-Beach-McKinney
DevelopmentMixed-UseTexas

Partnership to Develop $200M Water-Themed Mixed-Use Project in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — A partnership between the City of McKinney, located north of Dallas, and developer Cole Cannon will build a $200 million water-themed mixed-use project on a 35-acre site at the northeast corner of Stacy Road and State Highway 121. Known as Cannon Beach, the development will comprise a four-acre surf lagoon and resort-style hotel, as well as dining, entertainment and other commercial spaces. The hotel will feature a rooftop pool area that can support private events, as well as lounge areas and cabanas with food service and will connect to the surf lagoon and other water-focused attractions, including cliff diving and a stationary surf wave. The McKinney Economic Development Corp. and the McKinney Community Development Corp. are also partners on the project, conceptual terms of which are being finalized along with a site plan and agreements for infrastructure assistance, tax rebates and land acquisition. The first phase of Cannon Beach could open as early as 2026, and the development team estimates that the project could create as many as 700 new jobs and generate as much as $2 billion in regional economic impact over the next 20 years.

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Hard-Rock-Hotel-&-Residences-Lake-Texoma
DevelopmentHospitalityTexas

Pointe Vista, Hard Rock Unveil Plans for Hospitality Project in Kingston, Oklahoma

by Taylor Williams

KINGSTON, OKLA. — Pointe Vista Holding Co. and Hard Rock International have unveiled plans for Hard Rock Hotel & Residences Lake Texoma, a hospitality project that will be located near the Oklahoma-Texas border in Kingston. The development represents the first hospitality component within the 2,700-acre Pointe Vista master-planned community, which fronts Lake Texoma, and will have 189 hotel rooms (including 25 dedicated suites), an 18,000-square-foot conference center and an event lawn. The property’s residential component will entail 306 residences. Pointe Vista will ultimately comprise more than 2,000 lakefront homes, three destination resort hotels, an 11-acre Caribbean Bay, indoor waterpark, adventure park, family entertainment center and a waterfront town center.

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DevelopmentIndustrialTexas

Balcones Recycling to Open 134,905 SF Materials Recovery Facility in Frisco

by Taylor Williams

FRISCO, TEXAS — Balcones Recycling will open a 134,905-square-foot materials recovery facility in Frisco. Located on PGA Parkway between Dallas North Tollway and Preston Road, the facility will integrate modern recycling technology with employee wellness features and community engagement programs. Houston-based design-build firm KDW is handling the architectural and general contracting aspects of the project, construction of which began recently and is expected to be complete in spring 2026. Balcones Recycling first opened in the metroplex in 1995 with a facility in Farmers Branch.

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DevelopmentIndustrialNew JerseyNortheast

Denholtz Properties Completes 100,771 SF Industrial Flex Project in Freehold, New Jersey

by Taylor Williams

FREEHOLD, N.J. — Locally based developer Denholtz Properties has completed a 100,771-square-foot industrial flex project at 245 Willow Brook Road in Freehold, about 50 miles south of New York City. The single-story building offers units that range in size from 4,072 to 100,771 square feet, as well as 18 tailboard dock doors, a clear height of 28 feet and 165 onsite parking spaces. Zimmel Associates is marketing the property for lease.

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