Wednesday, August 6, 2025
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DevelopmentFloridaLeasing ActivityRestaurantRetailSoutheast

Kitson & Partners Welcomes New Tenants at Shops at Yellow Pine Shopping Center in Southwest Florida

by John Nelson

PUNTA GORDA, FLA. — Kitson & Partners has begun opening the first wave of retailers at The Shops at Yellow Pine, a 120,000-square-foot shopping center located within the master-planned community of Babcock Ranch in Punta Gorda. Situated north of Crescent B Commons, a Publix-anchored shopping center, The Shops at Yellow Pine comprises three multi-tenant buildings and two standalone outparcels along Cypress Parkway. Five Guys, Marshalls, Ace Hardware, Five Below and Hope Chiropractic are already open at the center, while Panera Bread, Jersey Mike’s Subs and Verizon Wireless are expected to open in June. Several more tenants will follow later in the year, including Carvel; Papa Johns; Yummy Thai and Chinese; HomeGoods; Ulta Beauty; Aesthetics Lounge & Spa; Fountain Pools; Tipsy Nail Salon; Seymour Orthodontics; Tampa General Hospital (TGH) urgent care and medical services; and seafood and steak restaurant Oar & Iron Raw Bar & Grill, which will occupy its own building overlooking Sunset Lake. Additionally, outdoor seating areas will be available for use throughout the development, which is slated to open this summer.

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DevelopmentMultifamilySouth CarolinaSoutheast

Collier Cos. Closes on Land Acquisition in Metro Charleston’s Nexton Community, Plans 360-Unit Apartment Project

by John Nelson

SUMMERVILLE, S.C. — The Collier Cos. has closed on the purchase of a 10.7-acre parcel within the master-planned community of Nexton in Summerville, approximately 25 miles from downtown Charleston. The company plans to develop 360 new apartment homes on the site. Situated within walking distance from retail and dining options such as Publix, Harris Teeter and The Pickle Bar, the complex will feature studio, one-, two and three-bedroom apartments. Amenities at the property will include a fitness center, game area, pet spa, bocce ball court, yoga lawn, pickleball court, dog park, resort-style swimming pool and grilling stations. Collier Cos. anticipates to begin leasing at the community in early 2027.

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AlabamaDevelopmentRestaurantRetailSoutheast

Partnership Begins Redevelopment of Old Cloverdale Village Retail Center in Montgomery, Alabama

by John Nelson

MONTGOMERY, ALA. — A partnership between Birmingham, Ala.-based The FiveStone Group, Bayer Ventures and New York City-based D&A Cos. is underway on the redevelopment of Old Cloverdale Village, an 11,000-square-foot retail property located in Montgomery’s Old Cloverdale District. The project team comprises CCR Architecture & Interiors, Pilgreen and Bostick Engineering Inc. and Prier Construction. The partnership also includes Fresh Hospitality and Charles Morgan. The historic Old Cloverdale Village is home to various locally owned restaurants, pubs, specialty shops and art galleries, as well as an independent arts cinema and a volunteer community theater. Southern restaurant concept Big Bad Breakfast is the first confirmed tenant at the property. Three additional suites are still available for lease. Along with the building’s restoration, the City of Montgomery and the project’s development team are collaborating on an improvement plan for existing infrastructure surrounding the property, including updated exterior lighting, landscaping and the addition of sidewalks. The redevelopment project is scheduled to be fully complete in the fourth quarter.

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DevelopmentIllinoisIndustrialMidwest

Keeley Construction Underway on 132,000 SF Industrial Expansion for Helukabel USA in Illinois

by Kristin Harlow

WEST DUNDEE, ILL. — Keeley Construction is underway on a 132,000-square-foot industrial expansion for Helukabel USA at its facility at 1201 Wesman Drive in West Dundee, a far northwest suburb of Chicago. The project will introduce new warehouse, office and climate-controlled manufacturing space — marking the first time manufacturing will occur at the site. An expanded office will feature a gym, cable testing and assembly areas, new locker rooms, showers and a modern breakroom. The project team includes Skedio Architecture, J&H and Benchmark Developers, serving as the owner’s representative. Helukabel USA is a manufacturer and supplier of cables, wires and cable accessories.

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DevelopmentHealthcareIllinoisMidwest

JLL Design Transforms Teen Lounge at Shriners Children’s Chicago Hospital

by Kristin Harlow

CHICAGO — JLL Design worked with Shriners Children’s Chicago, a pediatric specialty care provider on Chicago’s far west side, to transform the hospital’s teen lounge and billiard area. The new family lounge and patient lounge balances functionality and visual appeal with a bright aesthetic. The redesigned space showcases textiles that meet rigorous healthcare standards. According to JLL Research, a top design trend for 2025 is “people-centric design,” focusing on the role of the built environment for experience, well-being and social interaction. JLL Design manages diverse projects spanning strategy, branding and interiors.

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400-Atrium-Drive-Franklin-Township
DevelopmentIndustrialNew JerseyNortheastOffice

Woodmont Begins Office-to-Industrial Conversion Project in Franklin Township, New Jersey

by Taylor Williams

FRANKLIN TOWNSHIP, N.J. — Woodmont Industrial Partners, which is a joint venture between New Jersey-based Woodmont Properties and Romark Logistics, has begun an office-to-industrial conversion project in Franklin Township, about 40 miles south of New York City. Woodmont plans to convert the 30.6-acre site at 400 Atrium Drive, which according to LoopNet Inc. currently houses a 395,000-square-foot office building, into a two-building, 370,000-square-foot industrial complex. Building 1 will be approximately 255,000 square feet and will offer a clear height of 40 feet, 44 loading docks and two drive-in doors. The second, 115,000-square-foot building will feature a clear height of 36 feet, 34 loading docks and two drive-in doors. Woodmont has partnered with an undisclosed life insurance company on the redevelopment and secured construction debt from New York Life that was arranged by John Alascio and Chuck Kohaut of Cushman & Wakefield.

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DevelopmentHospitalityNew JerseyNortheast

Hotels Unlimited Completes $5M Renovation of Hilton-Branded Hotel in Lakewood, New Jersey

by Taylor Williams

LAKEWOOD, N.J. — Hotels Unlimited, an affiliate of New Jersey-based developer TFE Properties, has completed the $5 million renovation of the 110-room Hilton Garden Inn hotel in Lakewood, located in Ocean County. The renovation delivered an overhaul of all guestrooms and suites, as well as the lobby and amenity spaces, which include meeting rooms, an indoor pool, fitness center and an onsite restaurant. In addition, the project team applied fresh paint to the building’s exterior. A grand re-opening ceremony will take place on Tuesday, May 13.

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DevelopmentMultifamilyNew JerseyNortheast

Joint Venture Underway on 80-Unit Multifamily Project in West New York, New Jersey

by Taylor Williams

WEST NEW YORK, N.J. — A joint venture between Black Bear Asset Management, Bettina Equities Management and Echevarria Industries is underway on construction of an 80-unit multifamily project in West New York, located across the Hudson River from Manhattan. The site is located at 6205–19 Madison St., and the building will rise six stories and offer amenities such as a rooftop terrace, solarium lounge, fitness center, indoor garage parking with electric vehicle charging stations and a community center with grills and entertainment space. Completion is slated for some time next year.

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The Switchyard
ArizonaDevelopmentMixed-UseMultifamilyRestaurantRetailTop StoriesWestern

Creation, Horizon Break Ground on $120M Mixed-Use Project Near Phoenix

by Channing Hamilton

QUEEN CREEK, ARIZ. — Creation, in partnership with Horizon Real Estate Ltd., has broken ground on The Switchyard, a $120 million mixed-use project in Queen Creek, about 40 miles southeast of Phoenix. The 10-acre project will feature 54,000 square feet of restaurant, retail and office space, as well as a 215-unit apartment community. The development’s restaurant lineup will feature Postino, a restaurant and wine café; Snooze, an A.M. Eatery, a breakfast and brunch restaurant founded in Denver; and Shake Shack, a modern burger chain. Creation states that lease negotiations are currently underway for most of the remaining spaces.  The Switchyard will open in phases, with the first phase slated to deliver in mid-2026. Dallas-based GFF Design is the project’s architect, and LGE Design Build will lead the construction. “The Switchyard represents Queen Creek’s first true walkable, mixed-use development, marking a milestone in the town’s continued growth and evolution,” remarked David Sellers, co-founder of Creation. “With construction now underway, we’re eager to see this place come to life, seamlessly blending retail, dining, office spaces, apartments and a vibrant outdoor environment.” As part of the groundbreaking event for The Switchyard, the development team donated $25,000 to Ryan House, a nonprofit organization that …

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Morado-on-Berry-Fort-Worth
DevelopmentMixed-UseMultifamilyStudent HousingTexas

TCU, Endeavor Break Ground on Morado on Berry Mixed-Use Development in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Texas Christian University (TCU) and Austin-based Endeavor Real Estate Group has broken ground on Morado on Berry, a mixed-use development on the university’s campus in Fort Worth. The development will include two student housing communities with apartments for upper-level students at 2900 W. Berry St. and 3024 Cockrell Ave. on the southern edge of TCU’s campus. The properties will also feature 25,000 square feet of ground-floor retail space upon completion, which is expected ahead of the 2027-2028 academic year. The communities’ 780 beds will be offered in studio, two-, three-, four- and five-bedroom units with bed-to-bath parity. Shared amenities are set to include a fitness center and Pilates studio; rooftop pool and deck with a Jumbotron and adjacent social lounge with billiards; group and private study rooms; an outdoor living room with cooking facilities; and a large courtyard. The development team for the project includes a real estate fund advised by Crow Holdings Capital, Robert A.M. Stern Architects, Lake|Flato, The Beck Group, JLL, OHT Partners and Kimley-Horn. American Campus Communities has been tapped to provide marketing, leasing and property management services for Morado on Berry.

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