KEARNEY, NEB. — McCarthy Building Cos. has broken ground on Nebraska Medicine’s Kearney Cancer Center, a $33 million project in Kearney, a city in central Nebraska that is home to the University of Nebraska-Kearney. The 53,000-square-foot project encompasses a two-story outpatient medical facility specializing in cancer care. Nebraska Medicine will offer the services of medical and radiation oncology, infusion, laboratory and pharmacy, survivorship programs, genetics counseling and a healing garden. The cancer center will be part of the mixed-use University Village project. Completion is slated for December 2024. PACT Studios is the architect.
DENVER AND ARVADA, COLO. — KeyBank Community Development Lending and Investment has arranged $117.7 million in financing for Brinshore Development and Mile High Affordable Housing for the construction of two properties in Colorado. KeyBank arranged $56.9 million for the development of Ralston Gardens Apartments, a 102-unit affordable community in the Denver suburb of Arvada. KeyBank secured a $26.7 construction loan, a $14 million permanent loan through the Fannie Mae MTEB Program and $16.2 million in total tax credit equity to the project. The Colorado Department of Local Affairs also provided a $4.3 million Housing Development Grant loan. Ralston Gardens will be affordable to households earning up to 30, 50, 60 and 70 percent of the area median income (AMI). KeyBank also provided $60.7 million of financing for the construction of Northfield Flats, a 129-unit project in Denver. KeyBank arranged a $28.2 construction loan and a $14.8 million permanent loan through the Fannie Mae MTEB Program, as well as $17.7 million in total tax credit equity. The project received local support with a $3.1 million Housing Trust Fund loan from the Colorado Department of Local Affairs and a $4.5 million loan from Denver’s Department of Housing Stability. Northfield Flats will be …
NEW YORK CITY — Locally based financial intermediary Eastern Union has arranged a $62.2 million construction loan for a 162,000-square-foot mixed-use project that will be located in the Prospect Lefferts Gardens neighborhood of Brooklyn. The site at 1730 Bedford Ave. is two blocks from Prospect Park. Plans for the project currently call for 57 apartments and more than 60,000 square feet of retail/commercial space. German discount grocer Lidl has already committed to the project with a 33,000-square-foot store. Invictus Real Estate Partners provided the loan. The borrower is Seventh Street Development Group. Abraham Bergman and Yossi Orzel of Eastern Union originated the financing.
MIAMI — Fisher Brothers has broken ground on Wynhouse Miami, a 308-unit multifamily community located at 2200 NW First Ave. in the Wynwood neighborhood of Miami. JP Morgan Chase and affiliates of Canyon Partners provided $117.5 million in financing for the development, which Suffolk Construction is building. The eight-story community is scheduled for completion in early 2025. Wynhouse Miami will offer units in studio, one- and two-bedroom configurations, alongside a selection of penthouse units. Shared amenities will include a fitness center, second-floor lawn area, co-working and entertainment lounges, an expo kitchen, and a rooftop swimming pool and outdoor entertainment space with views of the downtown Miami skyline. The property will also feature 26,000 square feet of ground-floor retail space and public artwork on the exterior of the community, with passageways to encourage pedestrians to engage with the building and community spaces. The development team for the project includes Rockwell Group, Nichols Architects and ID & Design International. “The project pays homage to the industrial, craft-oriented nature of the historic neighborhood,” says Andrew James, principal of Nichols Architects. “At the same time, the contemporary identity of Wynwood is being reinforced by the paseos, which will enhance the pedestrian realm, and the application …
Cordish Begins Conversion of Office Building into Apartments in Kansas City’s Power & Light District
KANSAS CITY, MO. — The Cordish Cos. has begun construction on the conversion of the historic Midland Office Building into Midland Lofts, a 135-unit apartment building in Kansas City’s Power & Light District. The project is directly connected to the Midland Theatre. In 2008, Cordish and AMC completed a two-year, multi-million-dollar renovation of the theater, which first opened its doors in 1927. The office building has been vacant for more than 20 years. Midland Lofts will feature studios and one-bedroom units. Amenities will include a coffee bar, entertainment kitchen, fitness center, coworking spaces, billiards room, club lounge, meditation room, business center, conference rooms and package system. Local Kansas City architecture and design firm Helix is the project architect, and RD Jones + Associates is the interior designer for the amenity spaces. Completion is slated for May 2024.
O’FALLON, MO. — Tarlton has topped out construction of a new SSM outpatient center in the St. Louis suburb of O’Fallon. Tarlton broke ground on the two-story, 66,000-square-foot project in December. Completion is slated for mid-2024. SSM Health is partnering with SSM Health Medical Group, SLUCare Physician Group and Cardinal Glennon Children’s Hospital to provide primary, specialty and pediatric services at the facility, which is situated near the Streets of Caledonia mixed-use project. ACI Boland Architects is the project architect.
VIRGINIA, MINN. — Kraus-Anderson has completed a $2 million renovation and expansion of the Orthopaedic Associates office in Virginia, about 65 miles north of Duluth. Designed by Cuningham Group Architecture Inc., the 7,500-square-foot project features an orthopedic medical clinic, X-ray suite and physical therapy gym. The property is situated within Rock Ridge District’s administration building. Rock Ridge and Orthopaedic Associates have partnered to provide career academy learning opportunities for students.
HOUSTON — Broadshore Capital Partners will renovate Eldridge Oaks, a 14-story, 349,190-square-foot office building in Houston’s Energy Corridor area. The renovation will update outdoor amenities to further enhance the tenant experience and upgrade the first- and second-floor lobbies, conference center and on-site food services. The project team also plans to add a tenant lounge space and enhance other common spaces. IA Interior Architects and OJB designed the project. Stream Realty Partners is the leasing agent.
HOUSTON — Locally based developer McNair Interests has broken ground on Phase II of Remy on the Trails, a 221-unit multifamily project in Houston’s Westchase neighborhood. The site at 10505 Deerwood Road spans 6.8 acres. The complex will house one-, two- and three-bedroom units that will range in size from 900 to 1,500 square feet. Amenities will include a pool, fitness center, clubroom, dog park and outdoor grilling and dining stations. Project partners include Cadence Bank (construction lender), Arch-Con Corp. (general contractor), The Preston Partnership (lead architect), MaRS (interior design) and Kimley-Horn (landscape design). The first move-ins are expected to begin in summer 2024.
WHIPPANY, N.J. — Coldwell Banker Realty New Homes has begun leasing 34 Eden, an 81-unit apartment complex located in the Northern New Jersey community of Whippany. Units come in one-, two- and three-bedroom formats and range in size from 690 to 1,500 square feet. Amenities include a pool, fitness center, resident lounge, business center and a pet wash station. The first move-ins will begin in August. Rents start at roughly $3,000 per month for a one-bedroom apartment. The owner/developer was not disclosed.