Development

Aventon Breaks Ground on 336-Unit Multifamily Development in Charleston

by John Nelson April 18, 2023

CHARLESTON, S.C. — Aventon Cos. has broken ground on Aventon Mikasa, a 336-unit apartment community located in Charleston’s Daniel Island submarket. Set to open for leasing in fall 2024, the property will be situated on 19 acres and comprise multiple four-story, elevator-serviced buildings housing one-, two- and three-bedroom apartments. Amenities will include a clubhouse with a remote working lounge, game room and fitness center, as well as a resort-style swimming pool. The design-build team includes architect Scott + Cormia, interior designer Studio 5 Interiors Inc. and civil engineer/landscape architect Thomas & Hutton. Aventon Mikasa is the second multifamily development in the Charleston area for Raleigh-based Aventon Cos.

April 18, 2023

Development Office Texas

KDC Breaks Ground on 850,000 SF Office Campus for Wells Fargo in Irving

by Taylor Williams April 18, 2023

IRVING, TEXAS — Locally based developer KDC has broken ground on an 850,000-square-foot office campus in Irving’s Las Colinas district that will serve as the new regional headquarters for Wells Fargo. The campus will consist of two 10-story, 400,000-square-foot buildings and a connecting parking garage, as well as various open green spaces, all on a 22-acre site. The San Francisco-based bank is consolidating its regional real estate footprint and expects to employ about 3,000 people at the campus, inclusive of the hiring of 650 new staffers. Completion is slated for late 2025.

April 18, 2023

Development Midwest Minnesota Multifamily Seniors Housing

New Perspective Opens 146-Unit Senior Living Community in Arden Hills, Minnesota

by Kristin Harlow April 18, 2023

ARDEN HILLS, MINN. — New Perspective has opened a 146-unit seniors housing community in Arden Hills, a suburb of Minneapolis-St. Paul. The 192,000-square-foot community offers independent living, assisted living and memory care services. The property is New Perspective’s 10th in the Twin Cities metro area. New Perspective Arden Hills will partner with Bethel University, the community’s next-door neighbor, in providing a variety of campus opportunities for those living in the building.

April 18, 2023

Development Office Texas

Glenstar Completes Renovation, Expansion of 457,900 SF Office Building in North Dallas

by Taylor Williams April 18, 2023

DALLAS — Glenstar Properties has completed the multimillion-dollar renovation and expansion of Premier Place, a 457,900-square-foot office building located at 5910 N. Central Expressway in North Dallas. Glenstar acquired the property, which was originally built in 1985, in late 2019. The project expanded the lobby, renovated the conference room and added a 3,000-square-foot space for an indoor/outdoor tenant lounge with a coffee and cocktail bar. Premier Place also features a 62,000-square-foot LifeTime Fitness facility on the sixth and seventh floors. Five new tenants have signed leases since the completion of the project.

April 18, 2023

Development Industrial Texas

BG Capital to Develop 281,849 SF Cold Storage Facility in Metro Houston

by Taylor Williams April 18, 2023

BAYTOWN, TEXAS — Philadelphia-based development and investment firm BG Capital will develop a 281,849-square-foot cold storage facility in the eastern Houston suburb of Baytown. The facility will be situated on a 30.7-acre site within TGS Cedar Port Industrial Park. The site can also support the development of a second building, which would expand the total footprint to about 547,000 square feet. New Jersey-based cold storage operator FreezPak Logistics has committed to operating the facility, which will house a range of temperature-controlled spaces to accommodate operations such as storage, processing, packaging and distribution. Construction is scheduled to begin before the end of the month.

April 18, 2023

Development Multifamily New Jersey Northeast

Halpern Real Estate Tops Out 337-Unit Multifamily Project in Jersey City

by Taylor Williams April 18, 2023

JERSEY CITY, N.J. — Locally based developer Halpern Real Estate Ventures has topped out a six-story, 337-unit multifamily project located at 49 Fisk St. in Jersey City’s West Side neighborhood. Designed by Minno & Wasko Architects & Planners, the property will feature studio, one- and two-bedroom units and roughly 50,000 square feet of indoor and outdoor amenity space. Other project partners include JRM Construction Management and The Corcoran Group, which is marketing the property for lease. Completion is slated for the fourth quarter.

April 18, 2023

Development Multifamily New Jersey Northeast

Woodmont Properties Begins Leasing 120-Unit Multifamily Project in Independence, New Jersey

by Taylor Williams April 18, 2023

INDEPENDENCE, N.J. — New Jersey-based developer Woodmont Properties has begun leasing the first phase of Woodmont Liberty at Independence, a 120-unit multifamily project that is located on an 11-acre site about 60 miles west of Manhattan. The property offers one- and two-bedroom units that are furnished with custom-designed kitchens, walk-in closets, keyless entry mechanisms, individual washers and dryers and private balconies/patios. Amenities include a pool, outdoor grilling and dining areas, a fitness center, game room, conference center, walking trails and a dog park. Rents start at $2,440 per month for a one-bedroom apartment.

April 18, 2023

California Development Multifamily Seniors Housing Western

Griffin Living Receives $3M Loan for Seniors Housing Land Site Acquisition in Santa Clarita, California

by Jeff Shaw April 18, 2023

SANTA CLARITA, CALIF. — Griffin Living has received $3 million in financing from Hankey Capital. The funds support the company’s acquisition of an assisted living and memory care development site in Santa Clarita, about 35 miles northwest of Los Angeles. The new community will be located at the corner of Camino Del Arte and Copper Hill Drive, in close proximity to a range of high-end retail and dining options. The approved plans by the city will result in capacity for more than 100 residents. Griffin plans to begin construction this year and open the community in 2024.

April 18, 2023

The-Stanley-at-Chisholm-Trail-Fort-Worth

Development Multifamily Texas

Corsair Ventures to Build 350-Unit Apartment Community in Fort Worth

by Taylor Williams April 17, 2023

FORT WORTH, TEXAS — Dallas-based developer Corsair Ventures will build The Stanley at Chisholm Trail, a 350-unit apartment community in Fort Worth. The site at the corner of Chisholm Trail Parkway and West Risinger Road spans 22 acres and is located on the city’s southwest side. Designed by HEDK Architects, The Stanley at Chisholm Trail will offer studio, one-, two- and three-bedroom units with an average size of 865 square feet. Residences will be furnished with stainless steel appliances, quartz and granite countertops, walk-in closets and private balconies/patios. Amenities will include a pool, fitness center, coworking lounge, game area, pet spa and a package delivery system. Construction is slated to begin in the first quarter of 2024, and leasing will commence in the second quarter of 2025.

April 17, 2023

Affordable Housing Development Multifamily Texas

Partnership Completes 64-Unit Affordable Housing Project in San Antonio

by Taylor Williams April 17, 2023

SAN ANTONIO — A partnership between OCI Development, Atlantic Pacific Cos., Opportunity Home San Antonio and Bank of America has completed Vista at Interpark, a 64-unit affordable housing project in San Antonio. Vista at Interpark is located near San Antonio International Airport on the city’s north side and houses one-, two- and three-bedroom units that are reserved for households earning 60 percent or less of the area median income. Amenities include a fitness center, business center and onsite laundry facilities. Rents start at $225 per month for a one-bedroom apartment.

April 17, 2023

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