Development

Ryan Cos. Begins Construction of 101,136 SF Medical Office Building in Scottsdale, Arizona

by Jeff Shaw July 7, 2023

SCOTTSDALE, ARIZ. — Ryan Cos. has begun construction on a multi-tenant medical office building in Scottsdale. The two-story, 101,136-rentable-square-foot building is called One Scottsdale Medical. It is 80 percent preleased, with the City of Hope and Exalt Health serving as anchor tenants. They will occupy about 30,000 and 50,000 square feet, respectively. The building will provide additional space for lease to medical tenants. One Scottsdale Medical is scheduled for completion by third-quarter 2024. Mari Lederman and Katie McIntyre from JLL’s Phoenix office are the project’s exclusive leasing brokers.

July 7, 2023

Development Midwest Minnesota Multifamily Seniors Housing

Kraus-Anderson Completes Phase II of Lexington Landing Seniors Housing Development in St. Paul

by Kristin Harlow July 7, 2023

ST. PAUL, MINN. — Kraus-Anderson has completed Phase II construction of Lexington Landing, a $24 million seniors housing development in St. Paul’s Highland Park neighborhood. Designed by Pope Design Group, the four-story building features 92 independent living units. Amenities include a pickleball court, golf simulator, club lounge, community room, library, community garden, dog park, rooftop patio, fitness room and guest suite. Lexington Landing also offers event and activity programming, spiritual care and scheduled transportation. J.A. Wedum Foundation is the owner and PHS Management LLC is the property manager.

July 7, 2023

Colorado Development Industrial Western

Saunders, NavPoint Complete Construction of Two Industrial Buildings in Castle Rock, Colorado

by Jeff Shaw July 7, 2023

CASTLE ROCK, COLO. — Saunders Development and NavPoint Real Estate Group have completed construction on two 80,000 square-foot industrial buildings in Castle Rock. The buildings, designed for distribution tenants, feature a ceiling height of 24 feet. Lakewood Electric and Colorado Powerline are the first tenants to operate from one of the buildings. Jeff Brandon and Charlie Davis of NavPoint Real Estate Group are handling the leasing of these two buildings.

July 7, 2023

Development Florida Industrial Southeast Top Stories

Saint-Gobain Plans $235M Expansion to CertainTeed Gypsum Facility in Palatka, Florida

by Jeff Shaw July 7, 2023

PALATKA, FLA. — Saint-Gobain North America has announced plans to invest $235 million to expand manufacturing space at its CertainTeed gypsum facility in Palatka, near the Port of Jacksonville on the St. Johns River in northern Florida. The Palatka facility, which currently employs more than 150 people, began operations in 2001. According to Saint-Gobain, the facility is one of the largest gypsum plants in the Southeast. The firm’s expansion project received more than $7 million in cash benefits and high-impact investment tax credits, including a State of Florida Capital Investment Tax Credit, a Career Source Florida Quick Response Training Grant, a grant from Putnam County and a Clay Cooperative Economic Development Rate. According to Saint-Gobain, the expansion will more than double the production capacity of the existing manufacturing plant, as well as create more than 100 new jobs. The investment will be made over the next two years through the firm’s building products subsidiary, CertainTeed Interior Products Group. In line with Saint-Gobain’s goal for carbon neutrality by 2050, the firm plans for sustainability to be an essential aspect of the project. The development will include the installation of new energy-saving equipment and automation technologies, including an energy board dryer that …

July 7, 2023

Development Multifamily Southeast Tennessee

Crescent Communities, Pearl Street Open 322-Unit Novel Harpeth Heights Apartments in Nashville

by John Nelson July 6, 2023

NASHVILLE, TENN. — Crescent Communities has opened Novel Harpeth Heights, a 322-unit apartment community located at 615 Old Hickory Blvd. in Nashville’s Bellevue neighborhood. The Charlotte-based developer partnered with Pearl Street Partners on the project. The property’s clubhouse resembles a country farmhouse and includes a front porch and screened patio space, and the property’s “Carriage House” features a spa and fitness center. A resort-style swimming pool and lap pool are situated between the two amenity buildings. The four residential buildings are elevator-serviced and house studio, one-, two- and three-bedroom apartments. Rental rates start at $1,705 per month, according to the property website. The project team included architecture firms HEDK Architects and 906 Studio Architects, interior designers SJL Design Group and 505 Design, landscape architect EDGE, civil engineer Barge Civil Associates and general contractor McShane Construction.

July 6, 2023

Affordable Housing Development Florida Seniors Housing Southeast

HTG, Broward County Housing Break Ground on 75-Unit Affordable Seniors Housing Project in South Florida

by John Nelson July 6, 2023

DEERFIELD BEACH, FLA. — Housing Trust Group (HTG) has formed a joint venture with the Broward County Housing Authority to develop Hillsboro Landing, a 75-unit affordable housing project in Deerfield Beach that will be reserved for renters age 62 and older. The duo broke ground on the $41 million development last month and are aiming for an October 2024 completion date. The project is the first of a two-phase redevelopment of a former public housing site that was demolished in 2007. Located at 3851 N. Dixie Highway, Hillsboro Landing will be a six-story, pet-friendly residential building featuring 45 one-bedroom units spanning 702 square feet and 30 two-bedroom units spanning 927 square feet. Apartments will be reserved for income-qualifying seniors who earn at or below 22, 25 and 60 percent of the area median income (AMI). Monthly rents will range $374 to $1,225. Amenities will include a multipurpose room, fitness center, bocce ball court and outdoor rooftop terraces, along with 96 parking spots. Debt and equity partners on the project include Raymond James, Fifth Third Bank, Grandbridge Real Estate Capital, the State of Florida and Broward Housing Finance Authority. The design-build team includes architect ATL Architecture, general contractor Ferncore Corp., engineer …

July 6, 2023

Delaware Development Industrial Northeast

First Industrial Underway on 358,000 SF Facility in Claymont, Delaware

by Taylor Williams July 6, 2023

CLAYMONT, DEL. — Chicago-based REIT First Industrial Realty Trust (NYSE: FR) is underway on construction of a 358,000-square-foot facility in the greater Philadelphia area. The site is located within the 425-acre First State Crossing mixed-use development. The rear-load facility will offer a clear height of 40 feet, 68 dock positions and 241 trailer parking stalls. Completion is slated for October. Blue Rock is the general contractor for the project, and Joseph V. Belluccia is the architect. CBRE is the leasing agent. Delivery is slated for the first quarter of next year.

July 6, 2023

Affordable Housing Development Illinois Midwest Multifamily

Structured Development Opens Wendelin Park Mixed-Income Housing Project in Chicago

by Kristin Harlow July 6, 2023

CHICAGO — Structured Development has opened Wendelin Park, a new mixed-income housing community and park in Chicago’s Lincoln Park neighborhood. Replacing a former industrial site, the Wendelin Park development includes three residential buildings oriented around a new publicly accessible park. The master plan includes The Seng, a 34-unit affordable condominium building and Post Chicago, a co-living community with 431 beds. Foundry, a 27-story, 327-unit apartment tower, is under construction and scheduled to open in the fourth quarter. The new park features a community garden, dog park, children’s climbing and play area and 20-foot sculpture from Chicago artist Ruth Aizuss Migdal. Attending the grand opening celebration were descendants of Wendelin Seng, founder of the Seng Furniture Co., which previously occupied the project site.

July 6, 2023

Development Illinois Midwest Multifamily Retail

Principle Construction Completes Apartment, Retail Building in Lake Zurich, Illinois

by Kristin Harlow July 6, 2023

LAKE ZURICH, ILL. — Principle Construction Corp. has completed a 13,500-square-foot apartment and retail building in downtown Lake Zurich, a far northwest suburb of Chicago. The brownfield redevelopment project at 17 S. Old Rand Road was made possible by the consolidation of several vacant lots from previously demolished, outdated retail buildings. The new development includes 6,750 square feet of first-floor commercial space and four luxury apartment units. The anchor tenant is Lake Zurich Florist, which is doubling its retail footprint. All four apartment units are occupied. Muran Architects designed the building.

July 6, 2023

Arizona Development Industrial Western

SIHI, Graycor Construction Break Ground on 516,320 SF Camelback 303 Industrial Park in Goodyear, Arizona

by Jeff Shaw July 6, 2023

GOODYEAR, ARIZ. — Sunbelt Investment Holdings and Graycor Construction Company have begun construction on Phase I of Camelback 303, a Class A industrial park in Goodyear. The first phase consists of a 516,320-square-foot building within the Loop 303 Corridor. It is designed for use by a single tenant, or it can be divisible to three tenants. The Camelback 303 project aims to provide warehouse, distribution and manufacturing space. At completion, Camelback 303 is slated for up to 16 buildings ranging from 32,400 square feet to 1.2 million square feet. The development is part of the even larger PV|303 master-planned business park, which totals 1,600 acres and offers 20 million square feet of industrial, office and retail space. Construction on Camelback 303 Phase I is underway now, with completion scheduled for first-quarter 2024. The architect for Camelback 303 is Butler Design Group. Graycor Construction serves as the general contractor. Andy Markham, Mike Haenel and Phil Haenel of Cushman and Wakefield are the project’s exclusive leasing brokers.

July 6, 2023

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