Development

Kraus-Anderson Breaks Ground on $40.4M Elementary School in Le Sueur, Minnesota

by Kristin Harlow May 25, 2023

LE SUEUR, MINN. — Kraus-Anderson has broken ground on a new $40.4 million elementary school for Le Sueur-Henderson Public Schools. In August 2022, voters approved a $39.9 million referendum to fund the new school. The project will be built adjacent to the high school and will be located at 901 Ferry St. in Le Sueur, about 57 miles southwest of Minneapolis. Designed by ATS&R Planners, Architects and Engineers, the two-story, 113,090-square-foot school will serve grades K-5. Plans call for classrooms, labs, a music room, kid’s club, cafeteria, administrative offices, nurse’s area, 30,000-square-foot field house, three-court gymnasium and 6,000-square-foot storm shelter. There will also be secure entry, a parking lot, bus drop-off and two playgrounds. Completion is slated for August 2024.

May 25, 2023

Development Healthcare Midwest Minnesota

Davis Opens 44,000 SF Maple Grove Specialty Center in Suburban Minneapolis

by Kristin Harlow May 25, 2023

MAPLE GROVE, MINN. — Davis has opened Maple Grove Specialty Center, a 44,000-square-foot medical office building in the Minneapolis suburb of Maple Grove. MNGI Digestive is the anchor tenant and occupies the 22,000-square-foot second floor. The property will also be home to Minnesota Oncology, which leased the entire first floor. In addition to serving as developer, Davis owns the building and provides property management and leasing services. The project team included Minneapolis-based Synergy Architecture Studio and Plymouth, Minn.-based Timco Construction Inc.

May 25, 2023

Development Midwest Missouri Retail

IAS Partners Begins Development of 15,000 SF Retail Building at Metro North Crossing in Kansas City

by Kristin Harlow May 25, 2023

KANSAS CITY, MO. — Locally based IAS Partners has begun development of a 15,000-square-foot, multi-tenant retail and restaurant building at Metro North Crossing, a mixed-use project in Kansas City. The facility is located along Highway 169 adjacent to the newly opened Hawaiian Bros Island Grill and Whataburger. Construction of the shell building is slated for December, with tenants expected to open in spring 2024. The building is located alongside Woodstone, a $60 million luxury apartment complex with 249 apartment and townhome-style units that opened in fall 2022. Metro North Crossing is also home to T-Shotz, a 52,000-square-foot golf entertainment venue.

May 25, 2023

Development Office Texas

Fortis Property Group to Renovate, Rebrand 55-Story Office Building in Downtown Dallas

by Taylor Williams May 25, 2023

DALLAS — New York-based Fortis Property Group will renovate and rebrand Chase Tower, a 55-story, 1.2 million-square-foot office building located at 2200 Ross Ave. in downtown Dallas. The centerpiece of the project will be the reimagining of the lobby, including the installation of a new art gallery with pieces by local artists. New lighting and flooring will accentuate the artwork, and ownership will also upgrade the elevator cabs. Lastly, Fortis will rebrand the property as Dallas Arts Tower and add two new food-and-beverage concepts, a café and a Greek restaurant. Stream Realty Partners leases the building. CBRE represented the restaurant operator, Milkshake Concepts, in its negotiations to lease the lobby space.

May 25, 2023

Development Industrial Texas

Brasfield & Gorrie Tops Out 438,000 SF Industrial Project for Raytheon in McKinney, Texas

by Taylor Williams May 25, 2023

MCKINNEY, TEXAS — General contractor Brasfield & Gorrie has topped out a 438,000-square-foot industrial building in the northern Dallas suburb of McKinney that is a build-to-suit for defense contractor Raytheon. The seven-story facility will include 259,200 square feet of manufacturing space and 43,200 square feet of office space, as well as lab space. Corgan is the project architect, and KDC is the developer. Construction is scheduled for a first-quarter 2024 completion.

May 25, 2023

Affordable Housing Development Multifamily Texas

NHP Foundation Opens 74-Unit Affordable Housing Complex in Houston

by Taylor Williams May 25, 2023

HOUSTON — The NHP Foundation, a nonprofit owner-operator based in New York City, has opened The Citadel at Elgin, a 74-unit affordable housing complex in Houston’s historic Third Ward. Residences come in studio and one-bedroom floor plans and are reserved for renters age 55 and above who earn between 30 and 80 percent of the area median income. Units are furnished with stainless steel appliances, quartz countertops and in-unit washers and dryers. Amenities include a multi-purpose room, courtyard and outdoor grilling and dining stations. Houston-based nonprofit Change Happens CDC manages the property.

May 25, 2023

Development Multifamily New Jersey Northeast

KRE Group, NREA Top Out 60-Story Apartment Tower in Jersey City

by Taylor Williams May 25, 2023

JERSEY CITY, N.J. — A partnership between locally based developer KRE Group and National Real Estate Advisors has topped out the third and final tower at Journal Squared, a multifamily development in Jersey City. Designed by Hollwich Kushner and Handel Architects and built by AJD Construction, the newest tower rises 639 feet and will house 598 units and 18,000 square feet of amenity space. The other two towers rise 53 and 70 stories, and the entire development will eventually consist of 1,840 apartments and 36,000 square feet of commercial space. Completion of the third tower is slated for the first quarter of 2024.

May 25, 2023

Development Hospitality Washington Western

InterContinental Hotels & Resorts to Open First Pacific Northwest Hotel in Bellevue, Washington

by Jeff Shaw May 25, 2023

BELLEVUE, WASH. — InterContinental Hotels & Resorts is set to open its first hotel in the Pacific Northwest in October. The InterContinental Bellevue at The Avenue will feature two towers housing 365 luxury condominiums, a 208-room InterContinental Hotel, 85,000 square feet of high-end retail space and celebrity chef-led dining. It is located on the corner of NE 8th Street and Bellevue Way. Fortress Development owns InterContinental Hotels & Resorts.

May 25, 2023

California Development Industrial Western

Hendy Completes Mercedes-Benz Restoration Facility in Long Beach, California

by Jeff Shaw May 25, 2023

LONG BEACH, CALIF. — Hendy has completed design work on the Mercedes-Benz Classic Center in Long Beach. The facility features 41,500 square feet of workspace, 20,000 square feet of vehicle storage, auto restoration and maintenance areas, a showroom, processing bay and retail area. The hangar-sized building was formerly an aircraft production site for aeronautic firm McDonnell Douglas, which merged with Boeing, a leading supplier of passenger aircraft. This is the world’s second Mercedes-Benz Classic Center.

May 25, 2023

Affordable Housing Development Massachusetts Multifamily Northeast

TCB, BHA Break Ground on 223-Unit Multifamily Redevelopment Project in Boston

by Taylor Williams May 25, 2023

BOSTON — The Community Builders (TCB) and the Boston Housing Authority (BHA) have broken ground on the redevelopment of the Mildred C. Hailey Apartments in the state capital’s Jackson Square neighborhood. The project will replace 253 existing units with two six-story buildings that will house 223 units that will be subject to a range of income restrictions. Another 516 units will remain in the public housing program under BHA ownership. The project also includes the construction of a 6,800-square-foot community center and 1,520 square feet of commercial space. A timeline for completion was not disclosed.

May 25, 2023

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