Development

StreetLights Residential, Hunt Cos. to Develop 134-Unit Apartment Complex in Houston

by Taylor Williams May 5, 2022

HOUSTON — Dallas-based StreetLights Residential, in partnership with El Paso-based Hunt Cos., will develop The Langley, a 134-unit apartment complex that will be located at 1717 Bissonet St. in Houston. The location is near Rice University on the city’s southwest side. The Langley will feature two- and three-bedroom units. Amenities will include a pool, fitness center, coworking spaces, a coffee lounge, 24-hour concierge and valet services and a full resident bar. Construction slated to begin in November and to be complete in 2025.

May 5, 2022

Development Multifamily New Jersey Northeast Seniors Housing

Kaplan Cos. Opens 222-Unit Active Adult Community in North Brunswick, New Jersey

by Taylor Williams May 5, 2022

NORTH BRUNSWICK, N.J. — Kaplan Cos. has opened Amaranth at North Brunswick, a 222-unit active adult community located approximately midway between New York City and Philadelphia. Apartments range in size from 823 to 1,397 square feet. Amenities include a resident lounge, demonstration kitchen, card room, doggie day spa, yoga studio with interactive mirrors and a package room. Kaplan is also underway on its second Amaranth development in nearby East Windsor. Information on starting rents was not disclosed.

May 5, 2022

Development Hospitality Illinois Midwest

Park Hyatt Chicago Scheduled to Reopen This Summer Following $60M Renovation

by Kristin Harlow May 5, 2022

CHICAGO — The Park Hyatt Chicago hotel at 800 N. Michigan Ave. is scheduled to reopen this summer following a $60 million renovation that began early this year. Reservations are now available to book for stays beginning July 1. The renovation project included 23 new suite additions, reimagined guestrooms, enhancements to the lobby and library, new art selections, and updates to the food and beverage programs as well as the spa. Design firm Anderson/Miller Ltd. worked on the modernization of the guestrooms and suites. Sheedy DeLaRosa Interiors designed the lobby and library on the ground floor to complement the new art selections. NoMI Kitchen will reopen with Executive Chef Terence Zubieta at the helm.

May 5, 2022

Development Mixed-Use Texas Top Stories

Centurion American Breaks Ground on 3,200-Acre Mixed-Use Development in North Texas

by Taylor Williams May 5, 2022

CELINA, TEXAS — Centurion American Development Group has broken ground on Legacy Hills, a mixed-use, master-planned development that will span approximately 3,200 acres in the North Texas city of Celina. The site is located at the corner of Legacy Drive and Celina Parkway, about 40 miles north of downtown Dallas. Legacy Hills will feature more than 10,000 residential units, with current plans calling for about 7,000 single-family homes and 4,100 multifamily units. The commercial component will encompass 100 acres and will include retail, restaurant and entertainment space, though other uses within that portion of the project have not yet been announced. In addition, Centurion American has earmarked two 12-acre parcels as future sites of schools within the Celina Independent School District, as well as two seven-acre tracts that will house fire and police stations. A network of hiking and biking trails will link various pieces of the development, and Centurion has allocated 27 acres for the City of Celina to develop into a sports park. Lastly, a championship golf course, complete with a driving range, putting green and clubhouse, will run through the center of the site. The single-family homes will be spread across seven subdivisions, each of which will …

May 5, 2022

Development Healthcare Texas

Woodmont Co. Breaks Ground on 41,217 SF Medical Office Building in Fort Worth

by Taylor Williams May 4, 2022

FORT WORTH, TEXAS — Locally based developer The Woodmont Co. has broken ground on a 41,217-square-foot medical office building in Fort Worth. The Diabetic & Thyroid Center of Fort Worth will occupy 14,000 square feet of the property, which was designed by Bennett Benner Partners and will be built by Dennett Construction. The site includes an additional pad site for development and lease. Construction is slated for a January 2023 completion. Dodson Commercial Real Estate has been tapped to lease the remaining space.

May 4, 2022

Development Loans Mixed-Use New York Northeast

Madison Realty Capital Provides $90M Construction Loan for Queens Mixed-Use Project

by Taylor Williams May 4, 2022

NEW YORK CITY — Locally based private equity firm Madison Realty Capital has provided a $90 million construction loan for a mixed-use project that will be located in the Flushing area of Queens. The development will comprise 150 residential condos, 202 hotel rooms, 23,000 square feet of ground-floor and below-grade retail space and 300 parking spaces. All of these uses will be housed in two adjoined buildings rising 16 and nine stories that will be set on a retail podium and will total 263,151 square feet. Residential floor plans will come in studio, one-, two- and three-bedroom formats, and amenities will include a fitness center and outdoor terraces and courtyards. The borrower and developer is an entity doing business as 37 Ave Richouse LLC. A construction timeline was not disclosed.

May 4, 2022

Development New York Northeast Office

Sage Realty to Undertake $53M Renovation of Manhattan Office Building

by Taylor Williams May 4, 2022

NEW YORK CITY — Sage Realty, a division of The William Kaufman Organization, will undertake a $53 million renovation of 767 Third Avenue, a 40-story, 320,000-square-foot office building in Manhattan. Capital improvements will include a facelift of the lobby and the revamping and introduction of new and existing amenity spaces. Upon full completion of the project in the first quarter of 2023, tenants will have access to a café, lounge, library, catering kitchen, sculpture garden and a salon meeting room. Touchless mechanisms and other features that promote wellness will also be installed throughout the property. FXCollaborative led the redesign of the lobby, and Fogarty Finger designed the amenity spaces.

May 4, 2022

Connecticut Development Multifamily Northeast

Partnership Opens 299-Unit Olive & Wooster Apartments in New Haven, Connecticut

by Taylor Williams May 4, 2022

NEW HAVEN, CONN. — A partnership between Adam America Real Estate, EPIMONI and BH Management Services has opened Olive & Wooster, a 299-unit apartment community in New Haven. Units feature studio, one-, two- and three-bedroom floor plans and are furnished with stainless steel appliances, quartz countertops, shaker cabinets and wood-style flooring. Amenities include a pool, fitness center, clubroom with a bar and a gaming area. Rents start at $1,258 per month.

May 4, 2022

Development Florida Mixed-Use Southeast

Shoma Group to Develop $220M Mixed-Use Project in Miami

by John Nelson May 4, 2022

MIAMI — Locally based developer Shoma Group has purchased a 2.5-acre site located at 3650 Bird Road in Miami for $34 million. The buyer plans to build Shoma One, a $220 million mixed-use development, at the site. Configured in two 18-story towers, the development will feature 391 apartments with residences ranging in size from 375-square-foot micro studios to 1,400-square-foot, two-bedroom units. There will also be seven two-story residences ranging from 1,344 to 1,400 square feet, as well as a food hall. Amenities will include a bowling alley, lounge, daycare, yoga and spin studios, fitness center, bike room with repair station, dog park, coworking café and a spa with steam room, sauna and massage rooms. The property will also have a rooftop pool and pavilion with an outdoor grill, water features and lounge areas equipped with large projection screens for viewing parties. Shoma will link the property’s outdoor space to The Underline, a newly created linear park in Miami spanning 10 miles. Shoma plans to break ground on Shoma One in January 2023, and construction will take 18 to 24 months to complete. The site currently houses a car dealership named Deel Volvo. Michael Fay, John Crotty, David Duckworth and Brian …

May 4, 2022

Development Illinois Midwest Office Retail

Kinema Fitness Opens 31,680 SF FitLab at Bell Works Chicagoland

by Kristin Harlow May 4, 2022

HOFFMAN ESTATES, ILL. — Kinema Fitness has opened FitLab, a 31,680-square-foot fitness facility, at Bell Works Chicagoland in Hoffman Estates. FitLab offers personal training, health coaching, nutrition consultation, state-of-the-art equipment and a range of group fitness classes. NPZ Style+Décor designed the space. Bell Works Chicagoland is the redevelopment of the former AT&T campus. Somerset Development is the owner and developer.

May 4, 2022

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