Development

Gateway Jax Acquires 22 Acres in Downtown Jacksonville for $2 Billion Mixed-Use Project

by Jeff Shaw September 21, 2023

JACKSONVILLE, FLA. — Gateway Jax has acquired 22 acres within Jacksonville’s downtown area to develop a $2 billion mixed-use project aimed at revitalizing the city’s urban core. The first phase of the project is called the Pearl Street District. Plans for Pearl Street District include three buildings in the North Core area of Jacksonville’s downtown, which will offer more than 1,000 multifamily units and 120,000 square feet of grocery-anchored retail space. The cost of Phase I is expected to be approximately $500 million. The Jacksonville Downtown Development Review Board has approved the conceptual plan for Pearl Street District, and Gateway Jax plans to break ground midway through 2024. The developer expects that construction on the full project will continue over the next decade. At full build-out, the project will span 20 city blocks and offer public spaces, courtyards and sidewalk cafes, according to the developer. In addition to multifamily and retail space, Gateway Jax plans to include office, hotel and green corridors complementing the city’s 30-mile Emerald Trail in future phases of the project’s development. “We plan to create thriving, walkable neighborhoods that create a sense of place, attracting residents and workers who’ll be able to find everything they need …

September 21, 2023

Development District of Columbia Southeast Student Housing

ACC, Georgetown University Begin Residence Hall Renovation, Expansion

by John Nelson September 20, 2023

WASHINGTON, D.C. — A public-private partnership between American Campus Communities (ACC) and Georgetown University has broken ground on the redevelopment of Henle Village, an existing residence hall on the university’s campus in Washington, D.C. Following renovations, the community will offer an additional 278 beds, bringing the property’s bed count to 740. The residence hall will offer apartment-style units with kitchens and in-unit bathrooms. The project, which is expected for completion in summer 2025, is targeting LEED Platinum certification. The development team for the project includes RAMSA Robert A.M. Stern Architects and John Moriarty & Associates.

September 20, 2023

Development Industrial Loans North Carolina Southeast

TD Bank Provides $23.3M Loan to MDH Partners for Metro Charlotte Industrial Development

by John Nelson September 20, 2023

HUNTERSVILLE, N.C. — TD Bank has provided $23.3 million in construction financing to MDH Partners for the development of Phase II of Northcross Commerce Center in Huntersville, a suburb of Charlotte. The second phase will comprise two industrial facilities totaling approximately 254,000 square feet. Chris Drew, Taylor Allison and Jimmy Calvo of JLL arranged the financing, which is the first transaction between MDH Partners and TD Bank. The Atlanta-based developer plans to break ground on the project this month and complete the development in third-quarter 2024.

September 20, 2023

Development Midwest Minnesota Multifamily

Kraus-Anderson Completes Phase I of The Hallon Apartment Community in Hopkins, Minnesota

by Kristin Harlow September 20, 2023

HOPKINS, MINN. — Kraus-Anderson has completed Phase I construction of The Hallon, a luxury apartment community located adjacent to the future Blake Road Metro Green Line Extension Transit Station in Hopkins, a southwest suburb of Minneapolis. Developed by Trilogy Real Estate Group and designed by ESG Architects, the three-phase project will connect three buildings with 770 units. Located across from Cedar Lake Trail, the development features a public community space. The first phase consists of a seven-story building with 219 units, garage parking and retail space on the first level. Amenities include an outdoor pool, fitness center, sport simulator room, bike shop, clubroom, lounge, work-from-home spaces and a conference room. The second phase will feature a seven-story building with 250 units. Construction on Phase II has begun, and completion is slated for summer 2024. Details are still pending on the third phase.

September 20, 2023

Build-to-Rent Development Midwest Single-Family Rental Wisconsin

Heyday Breaks Ground on 130-Unit Build-to-Rent Community in Suburban Milwaukee

by Kristin Harlow September 20, 2023

OAK CREEK, WIS. — Heyday has broken ground on Heyday Oak Creek, a 130-unit build-to-rent community in the Milwaukee suburb of Oak Creek. The project marks Heyday’s second build-to-rent community in Wisconsin. Floor plans come in one-, two- and three-bedroom layouts ranging from 832 to 1,701 square feet. Each residence features an attached two-car garage with personal electric vehicle charging outlets. Private patios or covered porches accompany each home. Residents have access to bike and walking paths as well as a dog parka and community garden. Leasing is slated to begin in early 2024.

September 20, 2023

Development Industrial Iowa Midwest

Meridian Design Build Completes 479,000 SF Industrial Build-to-Suit in Cedar Rapids, Iowa

by Kristin Harlow September 20, 2023

CEDAR RAPIDS, IOWA — Meridian Design Build has completed construction of a 479,000-square-foot industrial build-to-suit in Cedar Rapids. Scannell Properties developed the project on behalf of a provider of global shipping and information services. Located at 1035 Commerce Park Drive SW, the building features 190 loading docks, 12 drive-in doors, 168 interior van loading positions and 31,977 square feet of office space. Meridian completed significant site improvements to accommodate a 660-car parking lot, 189 van staging spaces, 130 tractor parking spaces and a 330-stall trailer storage yard. Cornerstone Architects provided architectural design services, and Manhard Consulting handled the civil engineering design.

September 20, 2023

Development Florida Mixed-Use Southeast Top Stories

Tampa Bay Rays to Build $1.3B Ballpark, Surrounding Mixed-Use Development in St. Petersburg, Florida

by Kristin Harlow September 20, 2023

ST. PETERSBURG, FLA. — The Tampa Bay Rays, a Major League Baseball team, have reached an agreement with the City of St. Petersburg and Pinellas County to move forward with a new ballpark and surrounding development. The Hines Historic Gas Plant Partnership will lead the project on the 86-acre site where the team’s current stadium sits. The project will include nearly 8 million square feet of mixed-use space along with the new ballpark to ensure the team stays in St. Petersburg for years to come. The team has played at Tropicana Field since 1998. The project is slated to invest more than $6.5 billion in St. Petersburg over 20 years and be the largest mixed-use development in Tampa Bay history, according to a news release from the team. The agreed-upon plan includes the key aspects of the original proposal submitted by the Hines Historic Gas Plant Partnership in response to St. Petersburg Mayor Ken Welch’s request for proposals in 2022. The latest agreement increases the number of affordable and workforce housing units to be built by the partnership to 1,200, with at least half of that amount to be built on the historic Gas Plant District site. It also adds …

September 20, 2023

Build-to-Rent Development Single-Family Rental Texas

Mosaic, NexMetro to Develop 224-Unit Build-to-Rent Residential Community in Georgetown, Texas

by Taylor Williams September 19, 2023

GEORGETOWN, TEXAS — A partnership between two Phoenix-based developers, Mosaic and NexMetro Communities, will build Avilla Berry Creek, a 224-unit build-to-rent residential community that will be located in the northern Austin suburb of Georgetown. The total development cost of the project is $66 million. Avilla Berry Creek will feature one-, two- and three-bedroom detached homes and duplexes that will range in size from 690 to 1,265 square feet and will include private backyards and front patios. The 25-acre site will also house communal amenities such as a pool, clubhouse, community garden and a dog park. Completion is slated for summer 2025.

September 19, 2023

Civic Development Texas

Populous, J.T. Vaughn Complete 136,000 SF Civic Project at Baylor University in Waco

by Taylor Williams September 19, 2023

WACO, TEXAS — Global design-build firm Populous and general contractor J.T. Vaughn Construction have completed the Mark & Paula Hurd Welcome Center, a civic project on Baylor University’s campus in Waco. The center features 17,000 square feet of total meeting space, including a 13,560-square-foot ballroom, a 1,800-square-foot alumni meeting suite and a 2,850-square-foot auditorium, in addition to the 23,500-square-foot grand hall. The building’s total footprint is 136,000 square feet.

September 19, 2023

Development Multifamily Seniors Housing Texas

Morningside Ministries Plans 86-Unit Expansion at Seniors Housing Complex in Boerne, Texas

by Taylor Williams September 19, 2023

BOERNE, TEXAS — Morningside Ministries has announced plans for an independent living expansion at Morningside at Menger Springs, a continuing care retirement community in Boerne, about 30 miles northwest of San Antonio. The project will add 86 new independent living terrace homes, an amphitheater, dining venue, fitness center, pickleball court and a covered pool. Units will come in one- and two-bedroom floor plans and range in size from 946 to 1,751 square feet. Construction is slated to start in November, with occupancy planned for summer 2025. San Antonio-based Metropolitan Contracting Co. is the general contractor for the project. Global firm HKS is the design architect.

September 19, 2023

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