BURLESON, TEXAS — A partnership between Provident Realty Advisors and Trez Capital has acquired 22 acres in Burleson, a southern suburb of Fort Worth, for the development of a 196-site RV park. The development will be known as Roaming Trails RV Retreat (RTRV) Burleson and will offer multi-vehicle parking at every pad, back-in and pull-through spots, private fenced yards and weatherproof covers. Communal amenities will include a pool, package lockers and a dog park. Construction is scheduled to begin before the end of the year.
VALDOSTA, GA. — Walmart has announced plans to invest $350 million in the development of a new dairy processing facility in Valdosta. Located on Inner Perimeter Road, the facility will provide milk to more than 750 Walmart stores and Sam’s Clubs in Georgia and neighboring states. The project is expected to create almost 400 new jobs. Operations are scheduled to begin in late 2025. Further details of the property and construction timeline were not disclosed.
DURHAM, N.C. — AvalonBay Communities has purchased 6.8 acres in Durham for the development of a 930-unit apartment development. Located at 4802 Durham-Chapel Hill Blvd., the first phase will comprise 459 units in studio, one-, two- and three-bedroom floorplans across three four-story buildings. Amenities at the property will include a swimming pool, outdoor grilling areas, an indoor-outdoor fitness center and several courtyards. Construction is scheduled to begin in 2024, with the opening expected for 2026. CBRE represented the seller, Beacon Properties Group, in the transaction.
HAGERSTOWN, MD. — Binswanger has arranged a lease at a 2.1 million-square-foot distribution facility currently underway in Hagerstown in northwest Maryland. Binswanger secured the 10-year lease on behalf of the tenant, Conair, a developer, manufacturer and marketer of health, beauty and kitchen products. Trammell Crow Co. is developing the property within its Mid-Atlantic Crossings industrial park. Originally planned as two separate facilities at 10440 Downsville Pike and 17250 Sterling Road, the warehouse will now be developed and operated as a single, contiguous building.
FORT MYERS, FLA. — Glenstar Logistics has signed leases with two new tenants at Tri-County 75, an industrial park currently underway at 6115-6150 Tri-County Commerce Way in Fort Myers. Glenstar is developing the 816,866-square-foot project in partnership with Columnar Holdings. Coldest, a Florida-based water bottle manufacturer, has signed a lease at the development for 52,866 square feet of warehouse and office space. Additionally, an unnamed third-party logistics provider (3PL) has signed a 22,784-square-foot lease at the property’s Building 4. General contractor The Conlan Co. will build out 1,400 and 1,100 square feet of office space for Coldest and the 3PL tenant, respectively. Lee & Associates, which is overseeing leasing at the development, represented Glenstar in the lease negotiations. Jeff Buckler of Lee & Associates represented Coldest, and Shawn Stoneburner of Cushman & Wakefield represented the 3PL. Ware Malcomb is the project architect for Tri-County 75, and DeLisi Fitzgerald is serving as the civil engineer. Affinius Capital is providing construction financing for the development.
OVERLAND PARK, KAN. — Ryan Cos. has broken ground on The OsLo, a 413-unit luxury apartment complex in the Kansas City suburb of Overland Park. The four-story project will be situated at the intersection of 135th Street and Antioch Road. Completion is slated for late 2025. The OsLo is being built in partnership with operating partner EPC Real Estate Group. Smart technology will be fully integrated for residents, enabling them to use a smartphone app for accessing the building and individual units, controlling thermostats and receiving package delivery notifications. A focus on health and wellness will be incorporated into the property to align with the Scandinavian-themed architecture. There will be a spa, yoga studio, golf simulator and sound studio. Additionally, residents will have access to coworking areas, group gathering places, a pool, pond and dog park. Ryan is serving as the developer, builder and capital markets provider. NSPJ Architects is the architect, Olsson is the civil engineer, Lankford & Associates is the mechanical, electrical and plumbing engineer and Bob D. Campbell is the structural engineer. Security Bank provided construction financing.
LINCOLN, NEB. — The Annex Group is developing Union at Antelope Valley, a $52.7 million affordable housing community in Lincoln. The five-story project will feature 187 one-, two- and three-bedroom units that will be reserved for households whose income levels are at or below 60 percent of the area median income. Completion is slated for summer 2025. The community will be situated on 1.7 acres at 1810 K. St. within the eastern portion of downtown Lincoln. Amenities will include a community center, fitness center, dog park, courtyard, private garage and onsite management. Like all of Annex’s affordable housing communities, Union at Antelope Valley will offer a customized Community Impact Plan that will help connect residents with community resources. Partners on the project include BVH Architecture, REGA Engineering Group and Summit LIHTC Consulting. US Bancorp Impact Finance provided more than $21 million in federal Low-Income Housing Tax Credit equity financing, while Cedar Rapids Bank & Trust provided more than $25 million in debt financing. Annex’s construction arm, Annex Construction of Nebraska LLC, is the general contractor.
NEW YORK CITY — Locally based developer Slate Property Group has topped out a 162-unit multifamily project at 159 Boerum St. in Brooklyn’s East Williamsburg area. Designed by Aufgang Architects, the building will include 49 affordable apartments as well a parking garage, fitness center and a rooftop deck. Slate is developing the property in partnership with Avenue Realty Capital and SD Builders & Construction. Delivery is scheduled for summer 2025.
PHILADELPHIA — California-based SecureSpace Self Storage has opened a 120,260-square-foot facility at 2501 N. 15th St. in the Glenwood area of Philadelphia. The number of units was not disclosed. The facility will feature entirely climate-controlled space across multiple unit sizes and will add to SecureSpace’s two additional nearby developments and three operating stores in the greater Philadelphia area.
THE WOODLANDS, TEXAS — Howard Hughes Holdings Inc. (NYSE: HHH) has partnered with The Ritz-Carlton Hotel Co. LLC to develop The Ritz-Carlton Residences, The Woodlands, a high-rise condominium building on Lake Woodlands, 27 miles north of downtown Houston. The project will include a collection of residences for sale, as well as an onsite restaurant and amenities. The Ritz-Carlton Residences will be located within The Woodlands, a master-planned community. Howard Hughes developed the community through its HHCares program, which supports philanthropic efforts within the company’s Texas properties. The Woodlands was built in 1974, according to the property website. The community comprises 28,500 acres, including nine residential villages, 151 parks, 220 miles of hiking and bike trails, 2,460 businesses and nearly 8,000 acres of green space. The Woodlands is currently home to 120,000 people, and nearly 67,000 people work in the community. The Ritz-Carlton Residences, The Woodlands will be the first Ritz-Carlton standalone residences in Texas. The Woodlands Land Development Co., a subsidiary of Howard Hughes, will develop the project. Robert A.M. Stern Architects will handle design. According to Howard Hughes, The Ritz-Carlton Residences brand was chosen for its loyal following in the worlds of hospitality and branded private residences. — Channing …