Development

MDH Partners Delivers 350,878 SF Industrial Building in Ocala, Florida

by John Nelson February 10, 2023

OCALA, FLA. — MDH Partners has completed construction on Ocala Logistics Center, a 350,878-square-foot speculative distribution facility situated on 27.9 acres in Ocala. Located at the corner of Northwest 35th Street and Northwest 27th Avenue, the property features 196 parking spaces, 96 trailer drops, ESFR sprinkler systems and 36-foot clear heights. The building allows for single or multi-tenant occupancy and includes 2,759 square feet of office space, LED warehouse lighting and six dock levelers. Peak Development Co. served as development manager on the project, and Avison Young is handling leasing on behalf of MDH Partners.

February 10, 2023

California Development Multifamily Seniors Housing Western

Clearwater Living Opens 117-Unit Seniors Housing Community in Glendora, California

by Jeff Shaw February 10, 2023

GLENDORA, CALIF. — Clearwater Living has opened Clearwater at Glendora, a 117-unit assisted living and memory care community in Glendora. The property is a two-story, 117,000-square-foot property offering 88 assisted living and 29 memory support apartments with studio, companion, one- and two-bedroom layouts. It is the only assisted living and memory care community in Glendora, according to the developer. Clearwater at Glendora is the company’s 10th seniors housing community in California, Arizona and Nevada, with plans for additional developments in the pipeline.

February 10, 2023

Bayport-146-Distribution-Center-Seabrook

Development Industrial Texas

TDC Completes 454,600 SF Industrial Project in Seabrook, Texas

by Taylor Williams February 10, 2023

SEABROOK, TEXAS — Transwestern Development Co. (TDC) has completed Bayport 146 Distribution Center, a 454,600-square-foot industrial project in Seabrook, about 30 miles southeast of Houston. The site is adjacent to Port Houston’s Bayport Container Terminal. Bayport 146 Distribution Center, which can accommodate a single or multiple tenants, features 36-foot clear heights, 150- to 180-foot truck court aprons and parking for up to 74 trailers. Construction began in April 2022. Transwestern is also marketing the facility for lease on behalf of its developer affiliate.

February 10, 2023

Development Idaho Loans Multifamily Western

Hawkins Cos. Receives $56M in Construction Financing for Canyon Ridge Apartments in Boise

by Amy Works February 10, 2023

BOISE, IDAHO — Hawkins Cos. has obtained $56 million in construction financing for the development of Canyon Ridge, a five-building apartment property in Boise. Sunwest Bank provided the financing. Canyon Ridge will offer 287 apartments, a resort-style outdoor pool, dog park, two playgrounds, a 6,000-square-foot clubhouse, coworking lab, covered barbecue with indoor/outdoor fireplace, fitness center and other common areas. Preleasing is scheduled to begin in spring 2024, with completion slated for May 2025. Dave Karson, Chris Moyer, Paul Roeter and Meredith Donovan of Cushman & Wakefield’s equity, debt and structured finance team represented Boise-based Hawkins Cos. in the transaction.

February 10, 2023

Development New York Northeast Retail

Samson’s Stages Underway on $400M TV, Movie Studio Facility in Brooklyn

by Taylor Williams February 10, 2023

NEW YORK CITY — Samson’s Stages, which provides studio rental services for the TV and movie industries, is underway on construction of a $400 million facility in the Red Hook neighborhood of Brooklyn. The site at 744 Clinton St. currently houses the operations of Sunshine Lighting. Designed by BIG-Bjarke Ingels Group, Samson’s Stages Red Hook will total 330,000 square feet and comprise eight stages, green terraces, onsite parking, a lobby and a café. The project will also include the redevelopment of a portion of the waterfront and the construction of a new public park. A tentative completion date was not disclosed.

February 10, 2023

Development Multifamily New Jersey Northeast

Hampshire Cos. to Develop 70-Unit Multifamily Project in Allendale, New Jersey

by Taylor Williams February 10, 2023

ALLENDALE, N.J. — Locally based developer The Hampshire Cos. will build a 70-unit multifamily project at 220 W. Crescent St. in the Northern New Jersey community of Allendale. Designed by DMR Architects, the complex will offer one- and two-bedroom units, with nine residences subject to income restrictions. Amenities will include a clubroom, lounge and an outdoor courtyard. Construction is slated for a second-quarter 2024 completion.

February 10, 2023

Affordable Housing California Development Multifamily Top Stories Western

ASD Breaks Ground on Four Affordable Housing Projects in Los Angeles

by Amy Works February 10, 2023

LOS ANGELES — Alliant Strategic Development (ASD) has broken ground on four transit-oriented multifamily communities, totaling 727 income-restricted rental units, in the Los Angeles neighborhoods of Canoga Park, Van Nuys and North Hollywood. Upon completion, which is slated to occur in the fourth quarter of 2024 and first quarter of 2025, the portfolio will offer units geared to households throughout the affordable spectrum — on average earning up to 90 percent of the area median income (AMI), with 144 of the units designated for households making 50 percent or less of AMI. The four projects include: Sync on Canoga, featuring 220 one-bedroom units at 7019 Canoga Ave. in Canoga Park. Pendant on Topanga, totaling 149 studio, one- and two-bedroom apartments at 7322 Topanga Canyon Blvd. in Canoga Park. Vose, offering 332 studio, one- and two-bedroom apartments at 7050 Van Nuys Blvd. in Van Nuys. Candence at Noho, featuring 26 one- and two-bedroom units at 5633 Farmdale Ave. in North Hollywood. The interiors of the 727 units will include energy-efficient stainless steel kitchen appliances, in-unit washers/dryers and stone countertops. Community amenities across the portfolio include fitness centers, rooftop decks, electric vehicle charging stations, pools, spas, outdoor lounge areas and dog parks …

February 10, 2023

Development Industrial South Carolina Southeast

Pomega Energy Storage Breaks Ground on $300M Lithium Battery Plant Near Charleston

by John Nelson February 9, 2023

WALTERBORO, S.C. — Pomega Energy Storage Technologies, a subsidiary of Kontrolmatik Technologies, has broken ground on its first U.S. lithium-ion battery manufacturing plant in South Carolina. The company will invest $300 million in upfront capital expenditures in the new facility in Walterboro, a suburb of Charleston in Colleton County. Pomega Energy Storage expects to begin production at the 500,000-square-foot facility in mid-2024, create about 575 new jobs and have an initial production capacity of 3 gigawatt-hours (GWh) — with plans to later increase capacity to 6 GWh with future development on the site. In addition to manufacturing the battery cells at the South Carolina plant, Pomega Energy Storage will also manufacture and assemble turnkey battery energy storage systems, including modules, cabinets and final containerized energy storage solutions. JLL led the site selection process for Pomega Energy Storage, which considered more than 200 locations before selecting the Colleton County site.

February 9, 2023

Development Florida Leasing Activity Mixed-Use Office Southeast

Terra, Blanca Begin Leasing Offices at Mixed-Use Development in Miami’s Bay Harbor Islands District

by John Nelson February 9, 2023

MIAMI — Locally based developer Terra and brokerage firm Blanca Commercial Real Estate have launched leasing at The Offices at THE WELL, the office component of THE WELL Bay Harbor Islands mixed-use project located at 1177 Kane Concourse in Miami. Tere Blanca, Danet Linares, Christina Jolley and Nicole Kaiser of Blanca Commercial Real Estate have begun leasing the building’s 98,420 square feet of office space, which is spread across four floors. In addition to offices, THE WELL Bay Harbor Islands will also feature 54 luxury residences and 11,000 square feet of wellness space operated by New York-based THE WELL that includes a fitness center, concierge services, indoor and outdoor classes and onsite sessions with a health coach. Other amenities include a 6,500-square-foot food-and-beverage outlet, elevated plaza, rooftop and a parking garage. Terra plans to break ground on the mixed-use development in the first quarter with completion anticipated for late 2024. The design team includes architect Arquitectonica and interior designer Meyer Davis.

February 9, 2023

California Development Multifamily Seniors Housing Western

Belmont Village Senior Living Breaks Ground on 177-Unit Project in San Ramon, California

by Amy Works February 9, 2023

SAN RAMON, CALIF. — Belmont Village Senior Living, in partnership with Sunset Development, has broken ground on Belmont Village San Ramon. Located at 6151 Bollinger Canyon Road within the Bishop Ranch neighborhood of San Ramon, the 175,320-square-foot community will feature a heated saltwater pool, putting green, farm-to-table gardening areas, al fresco dining, outdoor yoga lawn and group fitness space, and a dog park. Slated for completion by fall 2024, Belmont Village San Ramon will feature 177 studio, one- and two-bedroom residences for independent living, assisted living and memory care needs. The property will offer residents concierge and transportation services, valet parking, onsite physiotherapy, a fitness center, art studio, screening room, club lounge, full-service salon and spa, personal wine storage and multiple dining venues. Aron Will, Tim Root and Michael Cregan of CBRE National Senior Housing secured the non-recourse construction financing for the project on behalf of a joint venture between Belmont Village Senior Living and Harrison Street Real Estate Capital. The project team includes W.E. O’Neil Construction and HKIT Architecture.

February 9, 2023

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