Development

NewCold Plans $333M Cold Storage Distribution Facility in Metro Atlanta

by John Nelson October 26, 2022

MCDONOUGH, GA. — Global cold storage developer and owner NewCold has released plans for a $333 million facility in McDonough, a southern Atlanta suburb in Henry County. The developer says the project will create 170 new jobs upon completion. No construction timeline was disclosed. NewCold’s automated storage and distribution facility will be situated within Midland Industrial Park, which sits about one mile from the I-75 and Ga. Highway 155 interchange. Project manager Cameron Barnhill represented the Georgia Department of Economic Development’s Global Commerce team on the NewCold project in partnership with the Henry County Development Authority, the Georgia Department of Transportation, Georgia Quick Start, Norfolk Southern and Georgia Power. NewCold’s investment represents the largest single investment in the history of Henry County, according to Carlotta Harrell, chair of the Henry County Board of Commissioners. “This highly automated facility will bring additional high-skilled jobs while also increasing Henry County’s already strong portfolio of foreign direct investment,” says Irv Culpepper, chairman of the Henry County Development Authority. Georgia is a prominent hub for food logistics companies. The state currently has more than 189 million cubic square feet of cold storage space, according to the governor’s office. Founded in the Netherlands and with …

October 26, 2022

Development Industrial Southeast Tennessee

Rise Partners Breaks Ground on 800,000 SF Industrial Park in Chattanooga, Tennessee

by John Nelson October 25, 2022

CHATTANOOGA, TENN. — Rise Partners has broken ground on North River Commerce Center, an 800,000-square-foot industrial park located on 88 acres in the northern portion of Chattanooga just south of Hixson, Tenn. The park, which will feature four buildings on three adjacent parcels, will be situated near downtown Chattanooga, I-75, I-24 and the existing Kordsa plant (formerly housing DuPont). The development will be able to accommodate distribution and manufacturing uses. Rise Partners, which has offices in Chattanooga and Charlotte, expects to deliver North River Commerce Center by fall 2023.

October 25, 2022

Northwell-Medical-Pavilion-ManhattanNorthwell-Medical-Pavilion-Manhattan

Development Healthcare New York Northeast

Lendlease Breaks Ground on 200,000 SF Outpatient Healthcare Facility in Manhattan

by Taylor Williams October 25, 2022

NEW YORK CITY — Global investment and development firm Lendlease has broken ground on Northwell Medical Pavilion, a 200,000-square-foot outpatient healthcare facility that will be located on Manhattan’s Upper East Side. Northwell Health will operate the facility, which will be situated on Third Avenue between East 76th and 77th streets. In addition to oncology treatment, the center will provide cardiac care, neuroscience programming, imaging and lab testing, as well as holistic wellness services, acute and chronic disease management and social work services. Ennead Architects designed the project, which is slated for a late 2025 completion.

October 25, 2022

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Development New Jersey Northeast Office

SJP, Scotto Top Out 120,000 SF Headquarters Project for Valley National Bank in Morristown, New Jersey

by Taylor Williams October 25, 2022

MORRISTOWN, N.J. — A partnership between New York City-based SJP Properties and locally based developer Scotto Properties has topped out the new headquarters project for Valley National Bank in the Northern New Jersey community of Morristown. Construction began in early 2022, and full completion is slated for spring 2023. Upon delivery, Valley National Bank will relocate from Wayne, N.J. The company ultimately plans to employ about 650 people at its new campus, which will also house 14,500 square feet of commercial space, including a Valley National retail branch. Gensler designed the project.

October 25, 2022

Development Illinois Midwest Mixed-Use Multifamily Restaurant Retail Seniors Housing Top Stories

Centennial Expands Redevelopment Plans for Hawthorn Mall in Vernon Hills, Illinois

by Jeff Shaw October 25, 2022

VERNON HILLS, ILL. – Dallas-based real estate firm Centennial has revealed plans to expand on its Hawthorn 2.0 redevelopment of Hawthorn Mall, a super-regional shopping center in Vernon Hills, a northern suburb of Chicago. Built in 1973, the mall currently houses over 120 retailers. Centennial first announced the redevelopment of Hawthorn Mall in 2019, which included new retail and dining options, luxury multifamily housing and indoor/outdoor gathering spaces. The expanded plans nearly triple the new development at the property and include 162 units of seniors housing, a 25,000-square-foot grocery store and 109,000 square feet of open-air retail. The center started its redevelopment with the 2020 unveiling of Center Park, a 15,190 square-foot outdoor space in the mall’s former Center Court. Center Park features both lawn games and soft furnishings. The expanded plan calls for the relocation of 250 apartments to create a larger outdoor public plaza to increase pedestrian access to the mall and a new main entrance for the shopping center. Hawthorn 2.0 will also create more retail, restaurant and entertainment space surrounding the exterior of the Hawthorn Row integrated streetscape. “The expansion of our Hawthorn 2.0 plans enhances the original vision we had for the center as a …

October 25, 2022

Bohler Content Partner Development Features Midwest Northeast Southeast Texas Western

Prep for Success: Site Civil Engineering Design Streamlines Construction, Avoids Snags

by Sarah Daniels October 25, 2022

Can you dig it? Possibly, but site civil engineers can help determine if construction can rock on without running into rocky situations. Thorough site civil due diligence is the foundation for developing a project with minimal delays. Keeping land development projects moving forward — especially during construction — requires highly informed due diligence processes and expertise when it comes to approvals and plans. Site civil engineering design with constructability in mind can support general contractors while streamlining the overall bidding and construction process. But what are best practices when it comes to ensuring a successful project? REBusinessOnline spoke to two experts who specialize in high-quality construction documents: Benjamin Plumb, P.E. project manager, and Keith Simpson, director of engineering, work for Bohler, a land development consulting and technical design company. You Never Know What You’ll Find Before You Dig — However, These Tips Can Help Uncertainty is part of any development project, but Simpson outlines two scenarios that make up the majority of the challenges he sees: 1. Existing underground utilities that are not reflected in plans. 2. Soils that differ from what was expected from the geotechnical report. In some cases, slowdowns are unavoidable and will cause delays, but due diligence can …

October 25, 2022

Acquisitions Development Multifamily North Carolina Southeast

Alchemy Properties South, New Valley Realty to Build Residential Tower in Downtown Raleigh

by John Nelson October 24, 2022

RALEIGH, N.C. — Alchemy Properties South, in partnership with New Valley Realty, has purchased two properties located in Raleigh for a combined $16 million. The site of the properties, which include a vacant lot at 303 S. Dawson St. and an adjacent retail building at 217 W. Martin St., will be redeveloped as a luxury residential building to feature up to 40 stories and 450 rental and condominium units. Morris Adjmi Architects and JDavis Architects will design the new building. Maxim Capital Group provided financing for the transaction. No construction timeline was disclosed.

October 24, 2022

Development Multifamily Texas

Partnership Breaks Ground on 43-Story Apartment Tower in Austin’s Rainey Street District

by Taylor Williams October 24, 2022

AUSTIN, TEXAS — A partnership between High Street Residential, MSD Partners and River Street Partners has broken ground on 700 River, a 43-story apartment tower in Austin’s Rainey Street District. The 500-foot building will house 377 units in a mix of studio to three-bedroom residences, as well as several penthouses and 3,400 square feet of retail space. In addition, 700 River will feature more than 30,000 square feet of indoor and outdoor amenity space. HKS is the project architect, and DPR Construction is the general contractor. Completion is slated for late 2024.

October 24, 2022

Development Hospitality Texas

Jenkins Organization Opens 334-Site RV Park in Central Texas

by Taylor Williams October 24, 2022

BRYAN AND COLLEGE STATION, TEXAS — The Jenkins Organization, a Houston-based owner-operator, has opened Great Escapes RV Resorts Bryan College Station, an 87-acre development in Central Texas. In addition to 334 sites, the development houses 64 cabins, a clubhouse with multiple games, two pools, pickleball courts, a fitness center and laundry facilities.

October 24, 2022

Development Industrial Texas

Glazer’s Beer & Beverage to Open 250,000 SF Distribution Center in Weslaco, Texas

by Taylor Williams October 24, 2022

WESLACO, TEXAS — Glazer’s Beer & Beverage will open a 250,000-square-foot distribution center in the Rio Grande Valley city of Weslaco. The wholesale alcoholic beverage distributor will be the anchor tenant of Mid Valley International Industrial Park, a 122-acre master-planned development on which the Weslaco Economic Development Corp. recently broke ground. The move is expected to add about 200 new jobs to the local economy.

October 24, 2022

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