By Sean Slater, senior principal, RDC Architecture & Planning In today’s evolving retail landscape, one of the most promising — and often overlooked — opportunities lies in the land surrounding our nation’s hospitals and medical centers. As healthcare systems continue to expand and consolidate, savvy development executives recognize the immense potential of strategically positioning retail properties in locations that are adjacent to major medical facilities. Doing so combines consistent foot traffic, demographic advantages and an urgent need for community-focused amenities. This was the scenario that RDC’s placemaking design team faced at the Texas Medical Center’s (TMC) new TMC3 research and development campus south of the massive healthcare cluster near downtown Houston. On any given day at that sprawling site, more than 100,000 people — about the seating capacity of the Los Angeles Memorial Coliseum — come to work, while 27,400 patients visit one of the 21 associated hospitals. Many of them are international visitors staying at local hotels with significant downtime. Kristen Kupperman, TMC’s vice president of design, construction and facilities, introduced RDC’s design team to this problem, saying that there are 80,000 women who work at TMC every day, yet there is nowhere to get a manicure and nowhere …
Development
IRG, PREP Funds Acquire Washington Crown Center in Suburban Pittsburgh, Plan Redevelopment
by Abby Cox
NORTH FRANKLIN TOWNSHIP, PA. — A partnership between Los Angeles-based Industrial Realty Group (IRG) and Cleveland-based PREP Funds has acquired Washington Crown Center, a 450,000-square-foot mall near Pittsburgh, with plans to undertake a redevelopment. As reported by regional media outlet Observer-Reporter, as well as several other media sources, IRG and PREP Funds are jointly investing $40 million for the transformation of the former mall into a mixed-use hub for retail and business that will be called Franklin Crossroads Park. In addition, according to Pittsburgh Business Times, New York-based Kohan Retail Investment Group originally purchased the mall for $20 million in 2016 and began marketing the property for sale in 2024. Construction of Franklin Crossroads Park, which is situated 30 miles south of Pittsburgh in Washington County along I-70, is set to begin this fall. Meanwhile, a portion of the mall will remain open through the end of the year. “Our vision is to diversify the site’s use by attracting new retailers and businesses to the property,” says Chris Salata, partner at PREP Funds. “This adaptive reuse project will significantly improve the facility and bring new economic activity.” Redevelopment plans for Franklin Crossroads Park currently call for the creation of a 100,000-square-foot retail …
GALVESTON, TEXAS — An American affiliate of Canadian shipbuilder Davie will open a $1 billion ‘icebreaker’ factory in the southeastern coastal Texas city of Galveston, according to reports from multiple publications that cover that industry, including The Maritime Executive and Marine Insight. According to the former publication, the factory will be located within the city’s Gulf Copper Yard and will be purpose-built for manufacturing ships for the U.S. Department of Defense and its polar exploration initiatives. The latter publication reports that Davie is developing the factory in partnership with Pearlson, a Florida-based specialist in shipyard design and program management. Marine Insight also reports that the project could support more than 7,000 jobs across Texas and have a regional economic impact of about $9 billion.
HOUSTON — Crow Holdings Development is underway on construction of Rushcreek Business Park, a 446,123-square-foot industrial project in North Houston. The development will consist of two front-load buildings that will span 137,588 and 308,535 square feet. The buildings will feature 32- and 36-foot clear heights, respectively, and a combined 101 dock-high doors, six drive-in ramps and 259 car parking spaces. CBRE has been tapped as the leasing agent. Construction is slated for a summer 2026 completion.
BAYTOWN, TEXAS — Locally based developer BCS has broken ground on Grove Business Park, a 438,960-square-foot industrial project that will be located in the eastern Houston suburb of Baytown. The site spans 46 acres, and the development will feature nine buildings that will range in size from 30,000 to 120,120 square feet. Urban Cos. has been selected as the design-build firm for the project, and Altar Group will be the civil engineer. Partners Real Estate is the leasing agent. Completion is slated for the third quarter of 2026.
Uncommon Developers Receives Full Entitlement for 1.1 MSF Distribution Project in Apple Valley, California
by Amy Works
APPLE VALLEY, CALIF. — Los Angeles-based Uncommon Developers has received full entitlement to develop Apple Valley AV One Million Distribution Center, the first phase of a 550-acre master-planned project in Apple Valley. Additionally, the project is fully preleased. Rick John and Dan Foye of DAUM represented Uncommon in the lease negotiations. Situated on 72 acres, Apple Valley One Million Distribution Center is planned to have a total building area of 1.1 million square feet with 40-foot minimum building height, 219 dock-high doors, four ground-level doors, electric vehicle charging stations for cars and trucks and 8,000 amps of power expandable to 16,000 amps. Additionally, the project will offer office and mezzanine space and car and trailer parking. A construction timeline has not been released, but it should move quickly since entitlement is completed.
OAK HARBOR, WASH. — Spartan Investment Group, along with its in-house development team Spartan Construction Management, has completed FreeUp Storage Oak Harbor, a ground-up self-storage project at 33650 State Route 20 in Oak Harbor. The 78,920-square-foot facility offers 583 units across eight buildings. FreeUp Storage, Spartan’s owned and operated brand of self-storage facilities, will manage the property.
CHICAGO — CRG has broken ground on The Cubes at Roosevelt & Kostner, a two-building, 364,102-square-foot industrial campus on a 20.8-acre site at the southwest corner of Roosevelt Road and Kostner Avenue in Chicago’s North Lawndale neighborhood. Co-developed in a joint venture with Related Midwest and 548 Development, the project will transform a long-vacant site into modern logistics facilities and community amenities, with the first buildings slated for completion in third-quarter 2026. Plans call for two 182,051-square-foot Class A industrial buildings, each featuring a clear height of 36 feet. Together, the facilities will offer 54 dock-high loading doors, four drive-in doors, 323 car parking spaces and 84 trailer parking stalls. Designed by Lamar Johnson Collaborative (LJC) and Ware Malcomb, the buildings will feature ESFR sprinkler systems and are proximate to I-290. General contractor DSI, in partnership with GMA Construction Group, is leading construction. In addition to the industrial facilities, the development will include two community-focused amenities. The developers are donating two 5,000-square-foot community spaces, also designed by LJC and known as “Innovation Centers.” One building will be operated by Black Men United and the other will house the New Covenant Community Development Corp. The project also includes new public green …
MIDLAND, MICH. — River Caddis Communities (RCC), in partnership with the Capital Area Housing Partnership, has received construction financing for The Dean – Apartments at Eastlawn in Midland. The project will transform a former school site into an affordable and workforce housing community. The Dean will be built on a 6.4-acre site once home to Eastlawn School, which served the community from 1947 to 2017. Upon completion in 2027, the development will feature six three-story residential buildings with 204 units; a clubhouse and leasing center; a community hub with gathering spaces, outdoor amenities and walking/biking connections; and sustainable features such as bike repair stations, energy-efficient design and solar investment supported by federal clean energy tax credits. The Dean will provide housing for families earning up to 40, 60, 80 and 120 percent of the area median income. All utilities will be covered by the landlord. The Michigan State Housing Development Authority awarded $30 million in tax-exempt bonds via the Pass Through Bonds program, utilizing low-income housing tax credits to finance costs of constructing the development. Through a private placement, Huntington Bank will serve as the construction lender. The Sturges Company underwrote the short-term cash-collateralized tax-exempt bonds with institutional lenders. In …
PHILADELPHIA — Locally based developer Odin Properties has broken ground on Sepviva Lofts, a 51-unit affordable housing project that will be located in Philadelphia’s Kensington neighborhood. Sepviva Lofts will be located on the site of a former industrial facility and will offer one-, two- and three-bedroom units. Amenities will include a community room, computer lab, onsite laundry facilities and a playground. Information on specific income restrictions, as well as a tentative completion date, was not announced. Odin is developing the property in partnership with RB Development and Liberty Housing Development Corp.