Development

Thompson Thrift Opens 242-Unit Build-to-Rent Community in Suburban Indianapolis

by Kristin Harlow July 21, 2023

FISHERS, IND. — Thompson Thrift has opened Slate at Fishers District, a 242-unit build-to-rent community in the Indianapolis suburb of Fishers. The property, which is nearly 20 percent leased, is part of the master-planned Fishers District mixed-use development. Residences average 1,215 square feet and feature a mix of one-, two- and three-bedroom villas as well as three- and four-bedroom townhomes. Amenities include a clubhouse, fitness center, pool, bark parks and doggie spas. Monthly rents start at $1,699.

July 21, 2023

Affordable Housing Development Illinois Midwest Multifamily

The Community Builders Breaks Ground on 63-Unit Affordable Housing Building in Chicago

by Kristin Harlow July 21, 2023

CHICAGO — The Community Builders has begun development of 4715 N Western, a 63-unit affordable housing building in Chicago’s Lincoln Square neighborhood. The six-story property will feature 25 studios, 29 one-bedroom units and nine two-bedroom residences. The units will be reserved for those who earn no more than 80 percent of the area median income. Amenities will include a lounge, terrace, bike room, package room and resident parking. The development will also feature 5,500 square feet of ground-floor commercial space and 18 public parking spaces. The project is being built with financial support from the City of Chicago, CIBC, Stratford Capital Group, Benefit Chicago, Chicago Housing Authority and ComEd Energy Efficiency Program. Leopardo Cos. is the general contractor and DesignBridge Ltd. is the architect. A timeline for completion was not provided.

July 21, 2023

Development Industrial Midwest Ohio

Maddox Industrial Transformer Opens 45,000 SF Production Facility in Batavia, Ohio

by Kristin Harlow July 21, 2023

BATAVIA, OHIO — Maddox Industrial Transformer, a provider of electrical transformers, has opened a 45,000-square-foot production facility in Batavia, an eastern suburb of Cincinnati. Located in an old Ford transmission plant at 4330 Batavia Road, the development features a 40,000-square-foot shop and 5,000 square feet of office space as well as a four-acre storage yard. Once fully staffed, the facility will create 65 new jobs in the area. Maddox now maintains four major production facilities in addition to sales and support offices across the country.

July 21, 2023

Development Multifamily Texas

Presidium Completes Phase I of Multifamily Development in Fort Worth

by Taylor Williams July 21, 2023

FORT WORTH, TEXAS — Texas-based developer Presidium has completed Phase I of Presidium Berkshire, a multifamily project in North Fort Worth that added 340 units to the local supply. Units come in studio, one-, two- and three-bedroom formats and feature stainless steel appliances, quartz-style countertops, private balconies/terraces, individual washers and dryers and built-in desks. Amenities include a pool with splash pads, outdoor dining and grilling areas, two-story fitness center with a yoga studio, speakeasy-style bar, demonstration kitchen, coworking lounge and a dog park. Dallas-based O’Brien Architects designed Presidium Berkshire. Rents start at $1,560 per month for a studio apartment. The development will ultimately feature about 1,100 units.

July 21, 2023

Development Industrial Texas

Provident Realty Advisors Breaks Ground on 1.3 MSF Distribution Center in Metro Houston

by Taylor Williams July 20, 2023

BAYTOWN, TEXAS — Dallas-based developer Provident Realty Advisors has broken ground on Port 99, a 1.3 million-square-foot distribution center in Baytown, located near Port Houston on the city’s eastern outskirts. The development’s multiple buildings will have front-load and cross-dock configurations, clear heights of 32 to 40 feet, 271 dock-high doors, six grade-level doors and combined parking for 437 cars and 1,184 trailers. Construction is slated for a second-quarter 2024 completion. Lee & Associates is marketing the development for lease.

July 20, 2023

Development Multifamily Texas

Cordish Cos. Begins Leasing 299-Unit Apartment Community in Arlington

by Taylor Williams July 20, 2023

ARLINGTON, TEXAS — The Cordish Cos., a Baltimore-based developer and operator specializing in sports-themed entertainment projects, has begun leasing One Rangers Way, a 299-unit multifamily project in Arlington. The community is located near Globe Life Field, home of the MLB’s Texas Rangers, and within Cordish’s Arlington Entertainment District. Designed by Hord Coplan Macht, One Rangers Way offers one- and two-bedroom units, as well as penthouses, in addition to a 423-space parking garage and 43,000 square feet of indoor and outdoor amenities. Specifically, amenities include a pool, fitness center, coworking spaces, indoor and outdoor lounges and concierge services. Full completion is slated for late 2024. Rents start at $1,400 per month for a one-bedroom apartment.

July 20, 2023

Development Georgia Southeast Student Housing

LV Collective Delivers 565-Bed Whistler Student Housing Tower Near Georgia Tech in Midtown Atlanta

by John Nelson July 20, 2023

ATLANTA — LV Collective has delivered Whistler, a 565-bed student housing community located in the Midtown neighborhood of Atlanta near the Georgia Tech campus. The 277,457-square-foot property is located at 859 Spring St. NW, on the edge of Midtown’s Tech Square district. The community offers 168 units in studio to five-bedroom configurations with bed-to-bath parity. Shared amenities include a second-floor study mezzanine with private study spaces, conference rooms and a podcast room; Daydreamer Coffee café; dog spa; fitness center with cardio and weightlifting equipment, yoga and spin studios and a sauna; and a 24th-floor deck with an infinity pool and hot tub. Whistler was developed through a partnership between LV Collective and ELV Associates Inc. Variant Collaborative provided interior design services for the project, and Niles Bolton Associates served as architect. JE Dunn was the general contractor, and Asset Living will manage the community. Move-in for residents is scheduled to begin on Aug. 11, in time for Georgia Tech’s 2023 fall semester.

July 20, 2023

Development Mississippi Retail Southeast

Woodmont Breaks Ground on Retail Strip Center in Petal, Mississippi Leased to Starbucks, T-Mobile

by John Nelson July 20, 2023

PETAL, MISS. — The Woodmont Co. has broken ground on a new retail strip center spanning nearly 5,000 square feet in Petal, a suburb of Hattiesburg, Miss. Located at 1098 Evelyn Gandy Parkway, the property will house a Starbucks and T-Mobile. The retail center represents Woodmont’s fourth development with Starbucks and first with T-Mobile. Jackson Longley of Woodmont worked to arrange financing through Embree Capital, and Jack Mock of Woodmont represented the developer in the lease negotiations with the national credit tenants. Tony Oswalt with Advanced Building Specialties Inc. will serve as the project’s general contractor. Woodmont plans to open the center in spring 2024.

July 20, 2023

Affordable Housing Development Loans Mississippi Multifamily Southeast

BWE Arranges $10.6M HUD-Insured Loan for Rehabilitation of Affordable Housing Community in Starkville, Mississippi

by John Nelson July 20, 2023

STARKVILLE, MISS. — BWE has originated a $10.6 million HUD 221(d)(4) loan for the rehabilitation of Brookville Gardens Apartments, a 120-unit affordable housing community in Starkville. All units are reserved for residents earning up to 60 percent of the area median income (AMI) and are covered by Section 8 project-based vouchers. The borrower, Triangle Development Co., plans to use the funds to add dishwashers, garbage disposals, microwaves and vinyl plank flooring to each unit. Jon Killough of BWE’s Alabama office and John Roberts of BWE’s Dallas office originated the HUD-insured loan. Triangle Development’s recapitalization of Brookville Gardens also includes short-term, tax-exempt bonds and new 4 percent Low Income Housing Tax Credits (LIHTC) secured through the Mississippi Home Corp.

July 20, 2023

Development Industrial Midwest Minnesota

Kraus-Anderson Completes 17,200 SF Rental Store for Ziegler Cat in Dayton, Minnesota

by Kristin Harlow July 20, 2023

DAYTON, MINN. — Kraus-Anderson has completed construction of a 17,200-square-foot rental store for Ziegler Cat at 18171 Territorial Road in Dayton, a far north suburb of Minneapolis. One of Caterpillar’s largest dealers in North America, Ziegler is expanding its equipment sales, rental and repair services in central Minnesota. Ziegler sells and services Cat construction, paving, forestry, mining equipment, trucks, generators and industrial engines. Designed by CNH Architects, the two-story property replaces a former building.

July 20, 2023

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