Development

Seefried Begins Site Work for 4 MSF Industrial Park Near Port of Savannah

by John Nelson November 23, 2022

SAVANNAH, GA. — Seefried Properties has begun site work at Live Oak Logistics Center, a 287-acre industrial park located within six miles of the Port of Savannah’s Garden City Terminal. The site is entitled for 4 million square feet of industrial space at full buildout. Live Oak’s first building is set to be delivered in the fourth quarter of 2023 and will span 669,760 square feet. The cross-dock facility will be built on a speculative basis. Stephen Ezelle and Bob Robers of Cushman & Wakefield are handling the leasing efforts on behalf of Seefried. Facilities at Live Oak will range from 252,000 to 1.4 million square feet in size across five buildings, according to Seefried. The park is situated near I-16, I-95 and near the future 16 million-square-foot Hyundai electric vehicle assembly and battery campus, which is set to open in 2025.

November 23, 2022

Development Midwest Missouri Multifamily

Tegethoff Development Completes $90M Transit-Oriented Apartment Project in St. Louis

by Kristin Harlow November 23, 2022

ST. LOUIS — Tegethoff Development has completed Expo at Forest Park, a $90 million transit-oriented apartment development in St. Louis. The project is adjacent to the Forest Park-DeBaliviere MetroLink Station in the historic Skinker-DeBaliviere neighborhood. Expo at Forest Park includes two buildings with 287 units, along with parking, amenities and 30,000 square feet of retail space. The north building opened in August, while the south building will open in the next few weeks. More than half of the new residents do not own cars, according to Tegethoff. Bi-State Development operates the Metro Transit system that serves eastern Missouri and southwestern Illinois. Bi-State has worked to create a safer, more secure public transit system. Trivers assisted in architecture, planning, urban design and interiors for Expo at Forest Park. Trivers collaborated with associate architect HOK and general contractor Brinkmann Constructors.

November 23, 2022

Development Hospitality Michigan Midwest

Michigan’s Bavarian Inn Lodge to Undergo $80M Expansion

by Kristin Harlow November 23, 2022

FRANKENMUTH, MICH. — The Bavarian Inn Lodge in Frankenmuth, a city in central Michigan known for its Bavarian-style architecture, is set to undergo an $80 million expansion. The project will significantly enhance the lodge’s water park amenities and family entertainment offerings. A groundbreaking ceremony is scheduled for Tuesday, Dec. 13. Once the project is completed, the Bavarian Inn Lodge will be home to Michigan’s largest indoor water park and family entertainment center at more than 140,000 square feet. Completion is slated for spring 2024, but some portions are scheduled to open in late 2023. R.C. Hendrick & Son Inc., which built all previous six phases of the lodge, is the general contractor. The property will remain open throughout the expansion project.

November 23, 2022

Development Midwest Missouri Multifamily

Holland Construction Services Completes Phase II of Sunnen Station Apartment Complex in Missouri

by Kristin Harlow November 23, 2022

MAPLEWOOD, MO. — Holland Construction Services has completed Phase II of the Sunnen Station apartment complex in Maplewood, a western suburb of St. Louis. Phase II encompasses a four-story, 121-unit building with an attached 61,000-square-foot parking garage with 187 spaces. The Sunnen Family developed the project in conjunction with Cozad Commercial Real Estate. Tim Sandweg was the architect. Phase I of Sunnen Station, which Holland completed in 2017, is fully leased. Monthly rents start at $960 for studios.

November 23, 2022

Development Industrial Texas

Titan, Robinson Weeks Break Ground on 429,633 SF Spec Industrial Project Near San Antonio

by Taylor Williams November 23, 2022

SELMA, TEXAS — A partnership between Titan Development and Atlanta-based Robinson Weeks Partners has broken ground on a 429,633-square-foot speculative industrial project in Selma, a northeastern suburb of San Antonio. Branded Selma 3, the facility will sit on 25 acres within the 185-acre Titan Industrial Park. Building features will include 36-foot clear heights, 98 dock doors, four drive-in ramps, 232 car parking spaces and 119 trailer parking stalls. Completion is slated for the third quarter of 2023. Selma 2, which spans 305,760 square feet, was completed in July and is now partially leased to Made in Cookware and Berlin Packaging.

November 23, 2022

Acquisitions Development Multifamily Texas

Kajani Capital Group to Develop 300-Unit Multifamily Project in Metro Houston

by Taylor Williams November 23, 2022

HUMBLE, TEXAS — Locally based development and investment firm Kajani Capital Group has acquired 10.8 acres in the northern Houston suburb of Humble for the development of a 300-unit multifamily project. The community will feature one-, two- and three-bedroom units with an average size of 875 square feet, as well as a clubhouse, fitness center, package lockers and a dog park. Chris Bergmann Jr. of JLL represented Kajani Capital in the off-market land deal. Joan Collum of Collum Commercial represented the seller, Austin-based Stratus Properties. Construction is set to begin in May and to be complete in fall 2024.

November 23, 2022

Development Healthcare Texas

McCarthy Completes 85,000 SF Cancer Research Center in Tyler, Texas

by Taylor Williams November 23, 2022

TYLER, TEXAS — St. Louis-based general contractor McCarthy Building Cos. has completed The Northeast Texas Cancer & Research Institute, an 85,000-square-foot healthcare project in Tyler, about 100 miles east of Dallas. The center is located on the CHRISTUS Mother Frances Hospital campus and features specialized areas for cancer treatment provider Texas Oncology, including 30,000 square feet of clinic space for medical, radiation and gynecologic oncology services, as well as nearly 3,000 square feet of space dedicated to research. Construction began in May 2021 and topped out in March.

November 23, 2022

Arizona Development Industrial Western

DAUM Commercial Brokers Sale of Development Site in Phoenix for 126,000 SF Industrial Project

by Amy Works November 23, 2022

PHOENIX — DAUM Commercial has arranged the purchase of a 7.95-acre land parcel in Phoenix. Prologis acquired the infill site at 24500-24501 N. 20th Drive from Wadsworth Development for $8.6 million in an off-market transaction. Prologis plans to develop two industrial facilities on the site: a 77,000-square-foot building and a 49,000-square-foot building. Bob Lundstedt, Skip Corley Jr. and Chase Heinemann of DAUM brokered the transaction. Lundstedt, Corley Jr., Heinemann and Parker Houston of DAUM will handle leasing for the property.

November 23, 2022

Development Loans New York Northeast Retail

CIT Group Provides $34M Construction Loan for Lionsgate Warburton Studio in Yonkers

by Taylor Williams November 23, 2022

YONKERS, N.Y. — Los Angeles-based CIT Group has provided a $34 million construction loan for Lionsgate Warburton Studio, a 73,000-square-foot entertainment production facility that will be located north of New York City in Yonkers. The facility represents the latest addition to the Great Point Studio Campus, which is anchored by film producer Lionsgate and houses support areas, a café, lounge and outdoor garden terraces. The borrower was a joint venture between i.Park and Great Point Media.

November 23, 2022

Development Multifamily New York Northeast Seniors Housing

EW Howell Completes 80-Unit Assisted Living Project in Kings Park, New York

by Taylor Williams November 23, 2022

KINGS PARK, N.Y. — General contractor EW Howell Construction Group has completed St. Johnland Assisted Living, an 80-unit seniors housing project in Kings Park, located on Long Island’s North Shore. Designed by KDA Architects, the two-story, 68,000-square-foot facility totals 100 beds and is situated adjacent to the existing 100-acre St. Johnland Nursing Center complex. St. Johnland is a locally based provider with specialties in dementia, head injury rehabilitation, subacute care and adult day care.

November 23, 2022

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