Development

Contegra Builds 35,000 SF Fabrication Facility for NuWay FAB in Troy, Illinois

by Kristin Harlow September 25, 2023

TROY, ILL. — Contegra Construction Co. has completed a 35,000-square-foot fabrication facility for NuWay FAB in Troy, an eastern suburb of St. Louis. The project quadruples NuWay’s annual rebar production capacity, enabling the company to produce 15,000 tons of reinforcing steel or rebar annually. The project features a 31,000-square-foot fabrication shop and 4,000 square feet of office space. There are three overhead cranes, three bays and five drive-in doors. Joining Contegra on the project were J.F. Electric, Vee-Jay Cement Contracting, Illinois Electric Works and Affton Fabricating & Welding Co.

September 25, 2023

Development Healthcare Midwest Minnesota

Ryan Cos. Completes 30,000 SF Psychiatric Hospital Expansion in Brooklyn Park, Minnesota

by Kristin Harlow September 25, 2023

BROOKLYN PARK, MINN. — Ryan Cos. US Inc. has completed PrairieCare’s youth and young adult psychiatric inpatient hospital expansion in the Minneapolis suburb of Brooklyn Park. Ryan completed the project three weeks ahead of schedule. The nearly 30,000-square-foot expansion includes an additional 30 inpatient beds as well as activity and therapy spaces. The expansion enables PrairieCare to serve an additional 1,000 youth and young adults each year. The hospital is located adjacent to 610 Medical Center, a two-story medical office building that houses PrairieCare, PrairieCare Medical Group and the PrairieCare Foundation. Ryan also built and designed 610 Medical Center. Pope Architects served as the architect and interior designer for the expansion project.

September 25, 2023

Development Multifamily Northeast Pennsylvania

McGovern Holdings, Saxum Real Estate Open 294-Unit Apartment Community in Philadelphia

by Taylor Williams September 25, 2023

PHILADELPHIA — A partnership between two Philadelphia-based development and investment firms, McGovern Holdings and Saxum Real Estate, has opened Hagert + York, a 294-unit apartment community in Philadelphia’s Fishtown/East Kensington area. Hagert + York offers studio, one- and two-bedroom units and amenities such as a fitness center, resident lounge, coworking space, package room, rooftop lounge, community kitchen and a café. Rents start at $1,280 per month for a one-bedroom apartment.

September 25, 2023

Development Industrial New Jersey Northeast

DWS Group to Undertake 141,000 SF Industrial Expansion Project in Southern New Jersey

by Taylor Williams September 25, 2023

GLOUCESTER COUNTY, N.J. — An affiliate of German asset management firm DWS Group will undertake a 141,000-square-foot industrial expansion project at Commerce Corner, a 259,910-square-foot development located about 25 miles outside of Philadelphia in Southern New Jersey. The expansion project, which is expected to cost about $29 million, is a build-to-suit for Performance Food Group. Construction is scheduled to begin in the fourth quarter and to last about a year. In conjunction with the project, Performance Food Group is extending its lease by 15 years.

September 25, 2023

Affordable Housing Development Georgia Multifamily Southeast

McShane to Build Second Phase of Ashley at Scholars Landing Mixed-Income Apartments in Atlanta

by John Nelson September 25, 2023

ATLANTA — McShane Construction Co. plans to build the second phase of Ashley at Scholars Landing, a mixed-income apartment development located at 680 Atlanta Student Movement Blvd. in Atlanta. The developer is The Integral Group. Phase II will comprise three- and four-story buildings spanning 212 affordable housing and market-rate apartments, as well as a clubroom, fitness center, micro-offices and an activity space. Designed by JHP Architecture, Ashley at Scholars Landing II is set for completion in July 2025. Phase I comprised 135 apartments and opened in 2020.

September 25, 2023

Development Industrial Louisiana Southeast Top Stories

First Solar Breaks Ground on $1.1B Manufacturing Facility in Iberia Parish, Louisiana

by Taylor Williams September 25, 2023

NEW IBERIA, LA. — First Solar Inc. (NASDAQ: FSLR), an Arizona-based provider of solar panels, has broken ground on a $1.1 billion manufacturing facility in New Iberia, located just southeast of Lafayette in the south-central part of Louisiana. The facility will be located on the grounds of Acadiana Regional Airport and will ultimately encompass more than 2 million square feet. The project, which local community leaders and members of the development team believe is the biggest in the history of the parish, is expected to generate about 700 new permanent manufacturing jobs within the local economy. First Solar anticipates that the plant will be fully operational and able to begin shipping products by the first half of 2026. When that scenario materializes, the company’s total manufacturing capacity will increase from 3.5 gigawatts to approximately 14 gigawatts in the United States and 25 gigawatts globally. At full capacity, the plant will be capable of churning out more than a dozen panels per minute. To secure the project in Iberia Parish, the State of Louisiana offered First Solar an incentives package that includes the workforce solutions of LED FastStart, a Louisiana Economic Development program for training and onboarding workers. Additional incentives include …

September 25, 2023

Development Office Texas

Ryan Cos. Tops Out 23-Story Office Project at Legacy West in Plano

by Taylor Williams September 22, 2023

PLANO, TEXAS — Ryan Cos. has topped out a 23-story, 409,000-square-foot office building within the Legacy West mixed-use development in Plano. Global tax firm Ryan LLC plans to occupy about half of the building as its new headquarters, and JLL is marketing the remaining space for lease. ACORE Capital provided construction financing for the project, which Ryan Cos. is developing in a joint venture with the real estate investment arm of Kansas-based conglomerate Koch Industries. Amenities will include a fitness center, multiple conference rooms, tenant lounge, pickleball courts and a café. Gensler is the project architect. Construction began last summer and is slated for a late 2024 completion.

September 22, 2023

Development Multifamily Texas

StreetLights Residential Breaks Ground on 20-Story Apartment Building in Dallas

by Taylor Williams September 22, 2023

DALLAS — Locally based developer StreetLights Residential has broken ground on The Galatyn, a 20-story apartment building that will be located in the Upper McKinney District of Dallas. The Galatyn will house 56 units in two- and three-bedroom formats with an average size of 2,700 square feet. Amenities will include a pool, fitness center, concierge services, a coffee bar, catering kitchen, dog wash and a landscaped courtyard. StreetLights Creative Studio is the architect for the project, and SLR Construction LLC is the general contractor. Both entities are affiliates of the developer. Delivery is slated for 2025.

September 22, 2023

Development Multifamily New York Northeast Student Housing

Hawkins Way Capital Completes 1,355-Bed Student Housing Redevelopment Project in Manhattan

by Taylor Williams September 22, 2023

NEW YORK CITY — Hawkins Way Capital, a California-based private equity firm, has completed a 1,355-bed student housing redevelopment project at 525 Lexington Ave. in Manhattan’s Midtown East neighborhood. Designed by Empire State Building architect Arthur Loomis Harmon, the 34-story building was originally constructed in 1923. Hawkins Way purchased the building in 2020, at which time it housed a Marriott-branded hotel that had recently ceased operations. The student housing community now offers 30,000 square feet of amenities, including a fitness center, laundry room, game room, performing arts studio, study rooms, community kitchen and lounges. FOUND Study, an affiliate of Hawkins Way Capital, operates the property as FOUND Study Turtle Bay. BDB Construction Enterprise served as a project partner on this conversion.

September 22, 2023

Acquisitions Connecticut Development Multifamily Northeast

Blue Vista Capital Acquires 300-Unit Multifamily Development Site in Cheshire, Connecticut

by Taylor Williams September 22, 2023

CHESHIRE, CONN. — Chicago-based investment firm Blue Vista Capital Management has acquired a multifamily development site in Cheshire, about 15 miles north of New Haven, that is fully approved for the construction of 300 units. The garden-style development, which is situated within the Stone Bridge Crossing master-planned community, will consist of eight three-story and one four-story building. Units will come in studio, one-, two- and three-bedroom floor plans, and amenities will include a pool, clubhouse, fitness center, coworking spaces, dog park and a guest suite. Construction is set to begin by the end of the month. A tentative completion date was not disclosed.

September 22, 2023

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