MINNEAPOLIS — Wiegmann Associates has begun work on a new six-story, 308-unit multifamily project in the Dinkytown neighborhood of Minneapolis. As the engineer of record and mechanical contractor, Wiegmann is responsible for designing, coordinating and managing the installation of the mechanical systems for the 487,000-square-foot building. The developer is targeting LEED Silver or MN B3 certification, which requires that the HVAC systems meet strict energy-efficiency standards. The B3 guidelines, which can be applied to new buildings or renovations to meet sustainability goals, are required on all projects that receive general obligation bond funding from the State of Minnesota. Completion is slated for this June. The project site is a combination of six different parcels that previously housed surface parking lots and a number of one- and two-story commercial buildings home to businesses such as Subway, Dinkytown Liquors and McDonald’s. The new development will include commercial spaces and affordable student housing units for the adjacent University of Minnesota’s Twin Cities campus. The project team includes general contractor Catalyst Construction, architect BKV Group and developer CA Ventures.
Development
MILWAUKEE — Mosaic Construction LLC has completed a renovation project for flexible workspace provider Expansive at 790 N. Milwaukee St. in downtown Milwaukee. This latest project follows five other renovations that Mosaic has completed for Expansive in downtown Chicago. At Expansive Milwaukee, Cathedral Square, Mosaic converted a roughly 4,500-square-foot, second-floor office space into four individual Club Suites, which are speculative suites with private offices and glass-enclosed conference rooms. Mosaic also installed new HVAC, flooring, glass walls and lighting fixtures. The six-story office building is located between the Milwaukee River and Milwaukee Bay, adjacent to Cathedral Square Park.
HOUSTON — A partnership between Texas-based developer Constellation Real Estate Partners and investment management firm Cadre will develop a 192,306-square-foot speculative industrial project in Houston. The site spans 20.8 acres at the northeast corner of Beltway 8 and Telephone Road, and the development will be known as Constellation Telephone. The development team, which includes Seeberger Architecture, plans to construct two buildings with 28-foot clear heights. Construction is scheduled to begin in the second quarter and to wrap up in the first quarter of 2024. Colliers advised Constellation on the land deal and has been retained as the leasing agent.
MANOR, TEXAS — The Manor Independent School District is underway on construction of an 85,000-square-foot high school campus in the state capital’s northwestern suburb. The campus will feature a commons area, coffee shop and a buffet-style café and will be able to support about 800 students. Construction of the project, which is part of larger $174 million academic development initiative, is expected to be complete in time for the 2023-2024 school year. Birmingham-based HPM is providing project management, quality control and preconstruction services for the project.
JERSEY CITY, N.J. — Coldwell Banker has begun leasing Aspira, a 60-unit apartment complex located in Journal Square neighborhood of Jersey City. The six-story building offers studio and one-bedroom units that are furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities include a package handling room, bike storage space and a rooftop deck/garden. Rents start at $1,850 per month for a studio. The owner/developer was not disclosed.
PLANO, TEXAS — NexPoint, a Dallas-based alternative investment firm, has announced plans for TxS District, a 200-acre life sciences development in Plano. The project, named to signify ‘Technology x Science,’ centers on a 91-acre main campus, which previously served as headquarters for Electronic Data Systems. The district would incorporate 109 additional acres in the Legacy neighborhood. In total, the project would create over 4 million square feet of lab, office and production space across four phases of construction. NexPoint purchased the main campus in 2018 and has been acquiring the additional acreage since that time. Phases I and II of the project propose to transform two existing buildings on the main campus into 970,000 square feet of lab and office space and 120,000 square feet of amenity space. Initial site improvement plans also include a public park, amphitheater and connectivity to the nearby Legacy retail development. The developer plans to break ground on Phase I before the end of the year. NexPoint has proposed that the project be achieved through a public-private partnership. The firm is working with the City of Plano on development plans and the project’s impact on the surrounding area. “Not only would this project be a …
FLORIDA CITY, FLA. — Coral Rock Development Group has unveiled plans for Card Sound Key Apartments, a 342-unit multifamily community to be developed at 35800 S. Dixie Highway in Florida City, roughly 35 miles southwest of Miami. Upon completion, the development will comprise six four-story buildings, with units in one-, two- and three-bedroom layouts. Twenty percent of the units will be reserved for workforce housing, with the other 80 percent rented at market rates. Amenities at the community will include a Vita Course with several workout stations, a pool, barbecue area, two-story clubhouse, dog park, children’s playground and pickleball court. Construction of the project, which is designed by Pascual, Perez, Kiliddjian, Starr & Associates, is scheduled to begin in the first quarter of 2024. Completion is expected in early 2025.
GAINESVILLE, GA. — Branch Properties has acquired 14 acres at the intersection of Limestone Parkway and New Holland Way in Gainesville, roughly 55 miles northeast of Atlanta, for the construction of Limestone Marketplace. Upon completion, the shopping center will comprise 76,764 square feet and feature a 54,964-square-foot Publix anchor store. The property will also include three outparcels ranging in size from one to three acres. Branch will break ground on the development in the spring, with completion scheduled for the second quarter of 2024. A sales price for the land was not disclosed.
ANNAPOLIS, MD. — UC Funds has provided a $20 million first mortgage for a multifamily project located in the Washington, D.C.-Baltimore market near Annapolis. Upon completion, the development will feature 60 units and 19,000 square feet of retail space. Further details on the project and construction timeline were not disclosed.
OHIO, MICHIGAN AND TENNESSEE — Ultium Cells LLC, a joint venture between General Motors and LG Energy Solutions, has received a $2.5 billion loan from the U.S. Department of Energy (DOE) Loan Programs Office (LPO). The loan will help finance the construction of three new lithium-ion battery cell manufacturing facilities in Warren, Ohio; Lansing, Mich.; and Spring Hill, Tenn. JLL assisted the DOE in the credit risk evaluation of the project structure, including the allocation of risk, the strength of construction, supply and purchase contracts. JLL also negotiated the loan terms and conditions. The construction projects are expected to create more than 11,000 jobs. The three new facilities will manage battery cell production to respond to the growing U.S. consumer demand for electric vehicles. The transaction marks LPO’s first closed loan exclusively for a battery cell manufacturing project under the Advanced Technology Vehicles Manufacturing program. In October, the federal government launched the American Battery Materials Initiative to grow the end-to-end battery supply chain alongside $2.8 billion in grants from the DOE.