Development

First Industrial Realty to Develop 358,000 SF Distribution Center in Claymont, Delaware

by Taylor Williams January 16, 2023

CLAYMONT, DEL. — Chicago-based REIT First Industrial Realty Trust has acquired 28 acres in Claymont, about 25 miles south of Philadelphia, for the development of a 358,000-square-foot distribution center. The site is located within the 425-acre First State Crossing mixed-use development. The rear-load facility will offer a clear height of 40 feet, 68 dock positions and 241 trailer parking stalls. St. Louis-based Commercial Development Co. sold the land on which the facility will be built. Completion is slated for October.

January 16, 2023

Development Massachusetts Northeast Office Top Stories

Chiofaro Plans $100M Transformation of International Place Office Complex in Downtown Boston

by Taylor Williams January 16, 2023

BOSTON — The Chiofaro Co., a locally based investment and development firm, has unveiled plans for the $100 million transformation of International Place, a 1.8 million-square-foot office complex in downtown Boston. Built in phases between 1987 and 1992, International Place consists of a 46-story tower and a 35-story building that are connected by a public courtyard. The complex is home to more than 90 tenants, many of which are in the legal, financial services and tech sectors. Global architecture firm Gensler is leading the design of the project, the centerpiece of which will be a 16,000-square-foot amenity center that will be known as The Aries Club. This center will house a tenant lounge, flexible workspaces, conferencing facilities, podcast rooms, mothers’ rooms, a bar and a 3,000-square-foot outdoor terrace. Chiofaro will contract a third-party hospitality management group to run The Aries Club. The capital improvement program also calls for the renovation of the entrance of One International Place with upgraded lighting and protective glass canopies to imbue the building with more hospitality-like curb appeal. Ownership will also modernize the retail storefronts at One International Place. At Two International Place, Chiofaro is planning a similar renovation of the entrance to elevate lighting, …

January 16, 2023

Development Florida Office Southeast

Bromley, Highwoods Break Ground on 18-Story Midtown East Office Tower in Tampa

by John Nelson January 13, 2023

TAMPA, FLA. — Bromley Cos. and Highwoods Properties have broken ground on Midtown East, an 18-floor office tower located within the duo’s Midtown Tampa mixed-use development. Comprising 430,000 square feet, the project is designed by architectural firm Rule Joy Trammell + Rubio and Brasfield & Gorrie is serving as general contractor. Scheduled for completion in 2025, the tower will be the anchor building within Midtown Tampa. The development’s existing office space is currently over 98 percent leased. Bromley and Highwoods will jointly own 134,000 square feet of the finished building, with the remaining space serving as the headquarters for Tampa Electric and Peoples Gas.

January 13, 2023

Development Life Sciences North Carolina Southeast

Apollo, GeneSuites Underway on 446,000 SF Biomanufacturing Campus in Metro Raleigh

by John Nelson January 13, 2023

HOLLY SPRINGS, N.C. — Affiliates of Apollo and GeneSuites are underway on the construction of Catalyst BioCampus, a 446,000-square-foot biomanufacturing development in Holly Springs, roughly 20 miles southwest of Raleigh. The development, which is scheduled for completion early this year, will be pre-equipped with mechanical, electrical and building infrastructure designed in accordance with Current Good Manufacturing Practice (cGMP) specific to biomanufacturing facilities. This design, branded High Performance Shell by GeneSuites, will support the acceleration of speed-to-market for biopharmaceutical companies by approximately nine to 15 months, according to CBRE|Raleigh. Lee Cllyburn John Hogan III of CBRE|Raleigh are handling leasing at the development.

January 13, 2023

Development Multifamily Texas

LV Collective to Develop 48-Story Multifamily Tower in Austin’s Rainey Street District

by Taylor Williams January 13, 2023

AUSTIN, TEXAS — Locally based developer LV Collective will construct a 48-story multifamily tower in Austin’s Rainey Street District that will be known as Paseo. Paseo will offer 557 units in one-, two- and three-bedroom formats, with residential amenities across multiple floors and several food-and-beverage concepts on the ground floor. Approximately 20 percent of the residences will be reserved as affordable housing. JE Dunn Construction is the general contractor for the project, and Pappageorge Haymes Partners is the architect. UMB Bank is providing construction financing. Construction is scheduled to begin in the first quarter and to be complete in late 2025.

January 13, 2023

Development Florida Self-Storage Southeast

U-Haul Delivers 800-Unit Self-Storage Facility in Florida Panhandle

by John Nelson January 13, 2023

FORT WALTON BEACH, FLA. — U-Haul has completed the development of a new, 800-unit self-storage facility in Fort Walton Beach dubbed U-Haul Moving & Storage of the Emerald Coast. Located at 200 Irwin Ave., the facility comprises 138,000 square feet. U-Haul acquired the property, which was originally constructed in 1971 and formerly housed a J.M. Fields department store and Kmart, in 2019. The acquisition and adaptive reuse of the site aligns with U-Haul’s corporate sustainability initiatives, and the company worked with the Audubon Society to maintain a bird-friendly rooftop for the threatened Least Turn and Black Skimmer species.

January 13, 2023

Development Industrial Nevada Western

LM Construction Breaks Ground on $40M Nancy J Industrial Park in Henderson, Nevada

by Amy Works January 13, 2023

HENDERSON, NEV. — LM Construction Co. (LMCC) has broken ground on Nancy J Industrial Park, an eight-building industrial project in Henderson. Each of the eight 40,998-square-foot buildings will offer four nine-foot by 10-foot dock loading doors, two 12-foot by 14-foot grade level doors, 24-foot clear heights and rear loading access. Additionally, each building is divisible to two occupants. Las Vegas-based LMCC is the design-build general contractor for the project. The first two buildings are slated for completion in January 2024. Larry Monkarsh, owner of LMCC and partner in Brass Cap Development, is also acting as the owner/developer of the project, developing as Red Label LV LLC. Chris Lexis and Joe Leavitt of Avison Young | Las Vegas are marketing the project for lease or sale.

January 13, 2023

Arizona Development Industrial Top Stories Western

Lincoln, Harvard Break Ground on $360M First Phase of 7 MSF Goodyear AirPark in Metro Phoenix

by Jeff Shaw January 13, 2023

GOODYEAR, ARIZ. — Phoenix-based LPC Desert West and Scottsdale-based Harvard Investments have broken ground on Phase I of Goodyear AirPark, located on 565 acres adjacent to the Phoenix-Goodyear Airport in Goodyear, approximately 20 miles west of Phoenix. Phase I of the project comprises 1.6 million square feet and six buildings ranging from 81,000 to 775,000 square feet. At build-out, Goodyear AirPark is expected to total 7 million square feet and up to 20 buildings. The buildings will offer up to 40-foot clear heights and multiple points of ingress and egress for aircraft, as well as truck courts and vehicle parking. Situated approximately three miles south of Interstate 10, the site is generally bounded by Estrella Parkway, Bullard Avenue and State Route MC 85. The property is also approximately 10 minutes from the Goodyear Ballpark, where the Cincinnati Reds and Cleveland Guardians train during spring. Additionally, the AirPark is located adjacent to a dark fiber line, offering extremely strong internet access for communication and data center development. Global neighbors to the site include Microsoft, Amazon, UPS, Walmart, Boeing, SubZero, Daimler-Benz, XPO Logistics, Red Bull and Aldi. Cerberus Capital Management is the equity partner for LPC and Harvard on the project. Butler Design …

January 13, 2023

Development Healthcare Illinois Midwest

Remedy Medical, Silver Cross Hospital, PSMG Underway on Construction of 42,000 SF Medical Building in Chicago Suburb

by Jeff Shaw January 12, 2023

ORLAND PARK, ILL. — A joint venture between Remedy Medical Properties, Silver Cross Hospital and Premier Suburban Medical Group (PSMG) is underway on the construction of Orland Park Medical Building in the southwest Chicago suburb of Orland Park. Comprising two stories and 42,000 square feet, the facility is scheduled for completion in early 2024. Locally based Jensen & Halstead is serving as architect. Leopardo Cos., also based in Chicago, is the general contractor for the project. The building, located on the northeast corner of 171st Street and LaGrange Road, will house 12 primary care physician offices in addition to specialty care practices including gastroenterologists, general surgeons, OBGYNs, a cardiologist, endocrinologist, hematologist/oncologist and orthopedic surgeon. The facility will also feature outpatient imaging services, a 21-station infusion center, an endoscopy suite with two procedure rooms and after-hours care.

January 12, 2023

Development Hospitality Retail Texas

Universal Parks & Resorts Plans 97-Acre Theme Park, Hotel in Frisco

by Taylor Williams January 12, 2023

FRISCO, TEXAS — Universal Parks & Resorts has announced plans to open a new theme park on a 97-acre site in the northern Dallas suburb of Frisco. Universal, a division of Comcast Corp., also plans to develop a hotel at the site, which is located east of the Dallas North Tollway and north of Panther Creek Parkway. The proposed park will be smaller than the entertainment giant’s other resort destinations. In addition, the new venue will be designed to be more engaging for younger audiences and will offer interactive and playful shows, character meet and greets and unique merchandise. A construction timeline was not disclosed. In announcing the new park, Universal executives cited the region’s burgeoning population and strong track record of attracting new businesses as key reasons behind the move.

January 12, 2023

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