Development

MG Developer, Baron Property Group to Develop $600M Residential Campus in Metro Miami

by John Nelson June 27, 2023

HIALEAH, FLA. — Locally based residential development firm MG Developer and partner Baron Property Group have announced plans for a $600 million residential development in the Miami suburb of Hialeah. The transit-oriented campus, dubbed Metro Center, will span 2.3 million square feet and feature more than 1,500 new apartments and 35,000 square feet of retail space. The project will be split between three communities — Metro Parc, Metro Parc North and Metro Parc South — that will be situated within walking distance of the Metrorail and Tri-Rail Transfer Station. MG’s first multifamily building, Metro Parc, is a 559-unit, 10-story building that broke ground in 2022. The 620-unit Metro Parc North will rise next to Metro Parc at 983 E. 26th St. and is expected to be completed in 2026. The new 347-unit Metro Parc South building will be located at 954 and 934 E. 25th St. and is slated for completion in 2027.

June 27, 2023

Development Industrial Southeast Virginia

Davis Cos., Lingerfelt to Build 325,500 SF Industrial Project Near Richmond

by John Nelson June 27, 2023

RUTHER GLEN, VA. — The Davis Cos. and Lingerfelt have formed a joint venture to develop Carmel Church Business Center, a 325,500-square-foot industrial park situated 25 miles north of Richmond in Ruther Glen. The rear-load warehouse park will be located off the I-95 corridor and near the Port of Virginia. ARCO Design/Build Richmond, a division of ARCO DB Cos., the construction partner on the project, will break ground immediately. The joint venture expects to deliver Carmel Church in second-quarter 2024.

June 27, 2023

Civic Development Texas

Texas A&M Breaks Ground on $150M Academic Building at New Fort Worth Campus

by Taylor Williams June 27, 2023

FORT WORTH, TEXAS — Texas A&M University has broken ground on a $150 million academic building in Fort Worth that marks the beginning of development of a larger, four-block campus. The first building will rise eight stories and house the Texas A&M School of Law as well as other academic divisions. The university is collaborating with the City of Fort Worth and Tarrant County on the project, which will feature two additional buildings. The first will be known as The Research & Innovation Building. The second, The Gateway Building, will house offices, more classroom and meeting spaces and a conference center. The law building is slated for a 2025 delivery, with full completion of the first three buildings targeted for 2027.

June 27, 2023

Development Office Texas

Mark Odom Studio to Open 10,000 SF Creative Office in Austin

by Taylor Williams June 27, 2023

AUSTIN, TEXAS — Architecture firm Mark Odom Studio will open a 10,000-square-foot creative office at 4000 Medical Parkway in Austin. The existing structure on the site was built in 1970, and Mark Odom Studio is renovating the building with plans to occupy about half the space and lease the other 5,000 square feet. Citadel Development is the general contractor for the project. A group of local partners doing business as 4000MP Austin LLC owns the property. Completion of the renovation is slated for November.

June 27, 2023

Development Illinois Midwest Multifamily

Holladay Properties Breaks Ground on $35M Luxury Apartment Community in Glen Ellyn, Illinois

by Kristin Harlow June 27, 2023

GLEN ELLYN, ILL. — Holladay Properties has broken ground on Glenwood Station, a $35 million luxury apartment community in the western Chicago suburb of Glen Ellyn. The development will include 86 units in a variety of studio, one-bedroom and two-bedroom layouts. Amenities will include a clubhouse, fitness center, electric vehicle charging stations and secure heated parking. There will also be 1,500 square feet of retail space. Completion is slated for 2025. Glenwood Station marks the fourth luxury apartment complex in Chicagoland for Holladay Properties. Holladay Construction Group is the general contractor, and Tandem Architecture designed the project. Wintrust Bank & Trust provided financing.

June 27, 2023

Development Healthcare Midwest Minnesota

Davis Opens 16,147 SF Medical Office Building in Wayzata, Minnesota

by Kristin Harlow June 27, 2023

WAYZATA, MINN. — Davis has opened the Wayzata Specialty Center, a 16,147-square-foot medical office building in Wayzata, about 13 miles west of Minneapolis. Tailwind Pediatric Dentistry and Lorenz Clinic are leasing the entire second floor of the two-story building. LAK MedSpa occupies a portion of the first floor. The project replaced an outdated office building. The project team included Synergy Architecture Studio and Timco Construction. In addition to serving as developer, Davis is providing property management and leasing services for the building. Two suites on the first floor remain available for lease.

June 27, 2023

Arizona Development Industrial Western

Martens, Willmeng Break Ground on 723,508 SF Mission Park Industrial Project in Buckeye, Arizona

by Jeff Shaw June 27, 2023

BUCKEYE, ARIZ. — Martens Development and Willmeng Construction have broken ground on Mission Park, a Class A industrial development in Buckeye. Located at near I-10 and Perryville Road in the emerging Buckeye industrial submarket, the 723,508-square-foot project will comprise two buildings. The north building will feature 196,353 square feet with 32-foot clear heights. The south building will encompass 527,155 square feet with 40-foot clear heights. Both are scheduled for completion in the second quarter of 2024.

June 27, 2023

Arizona Development Industrial Western

Blue Vista, Kentwood Ventures Start Construction of KV Casa Grande Industrial Building in Arizona

by Jeff Shaw June 27, 2023

CASA GRANDE, ARIZ. — Blue Vista Capital Management and Kentwood Ventures have started construction of KV Casa Grande, a Class A industrial building in Casa Grande, southeast of Phoenix. The 314,453-square-foot project will feature 32-foot clear heights, a 175-foot concrete truck court, 32 dock-high doors and 14 grade-level doors. The building will utilize tilt-up construction and a panelized thermoplastic polyolefin roofing, which improves energy efficiency by reflecting heat and is resistant to ultraviolet, ozone and chemical exposures. The project is currently 15 percent pre-leased. It is scheduled for completion in summer 2024.

June 27, 2023

Development Loans Multifamily New Jersey Northeast

JLL Arranges $49.7M Construction Loan for Multifamily Project in Livingston, New Jersey

by Taylor Williams June 27, 2023

LIVINGSTON, N.J. — JLL has arranged a $49.7 million construction loan for Highgate at Livingston, a 169-unit multifamily project that will be located in Northern New Jersey. The complex will offer one, two- and three-bedroom units that will be furnished with stainless steel appliances, walk-in closets and individual washers and dryers. Amenities will include a pool, fitness center, clubhouse, coworking lounge, outdoor grilling and dining areas and a dog run. Michael Gigliotti, Matthew Pizzolato, Michael Lachs and Benjamin Morgenthal of JLL arranged the floating-rate loan through Truist Bank on behalf of the borrower, Continental Properties.

June 27, 2023

Development Georgia Restaurant Retail Southeast

200 Peachtree Group Underway on Two Restaurant Developments in Downtown Atlanta

by John Nelson June 26, 2023

ATLANTA — 200 Peachtree Group , an Atlanta-based owner and operator of food-and-beverage/entertainment brands, is underway on the development of two restaurants located at 200 Peachtree St. in downtown Atlanta. SKOL Brewing Co., a craft brewery, will comprise 5,000 square feet and is expected to open later this year. Food, beverage and entertainment hall Valhalla Social is scheduled to open in spring or summer 2024 and will total 15,000 square feet, with seating for roughly 300 people. CNNA Architects is the architect for both projects, which hope to capitalize on major tourism events coming to downtown Atlanta, including the 2025 College Football Playoff National Championship and the 2026 FIFA World Cup.

June 26, 2023

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