Development

Third & Urban, FCP to Add Four New Concepts to Westside Paper Project in Atlanta

by John Nelson October 17, 2022

ATLANTA — Third & Urban and FCP have announced the addition of four tenants to the 15-acre Westside Paper development located along the Atlanta BeltLine in Westside Atlanta. Currently under development and scheduled to open in early 2023, Westside Paper, which is centered around a historic 1950s paper warehouse, features 245,000 square feet of mixed-use space. King of Pops, Elsewhere Brewing, Ancestral Bottle Shop + Market and taqueria concept El Santo Gallo will join the retail lineup. Westside Paper’s retail space is now 90 percent leased, with previously announced tenants including Pancake Social, Glide Pizza, Girl Driver and Boxcar Betty’s.

October 17, 2022

Development Midwest Missouri Multifamily

Community Builders of Kansas City Completes $12.6M Apartment Project

by Kristin Harlow October 17, 2022

KANSAS CITY, MO. — Community Builders of Kansas City (CBKC) has completed The Rochester, a $12.6 million apartment project on the city’s East Side. The 81,400-square-foot property is home to 64 units and is named after the late Rochester Charles Gatson, former CBKC president. The Rochester rounds out CBKC’s mixed-use development on Dr. Martin Luther King Jr. Boulevard, including KC Sun Fresh on the Boulevard, a grocery store now owned and operated by CBKC. Amenities at The Rochester include a fitness center, rooftop terrace and yard with grilling areas. Monthly rents start at $1,050. Straub Construction Inc. served as general contractor, and Hufft Projects was the architect. CBKC’s subsidiary, EastPointe Realty LLC, will manage the property.

October 17, 2022

Development Illinois Midwest Retail

Newcastle Properties to Build New Retail Development at Eastgate Crossing in Naperville, Illinois

by Kristin Harlow October 17, 2022

NAPERVILLE, ILL. — Newcastle Properties is set to begin construction on a new 8,300-square-foot, multi-tenant outlot building and a new 3,260-square-foot endcap space at the 270,327-square-foot Eastgate Crossing in Naperville. The development will include Kura Revolving Sushi Bar and NaanSense, an Indian fast-casual chain. Adam Cody of JLL represented Kura, while Phil Golding of CBRE represented NaanSense. Midwest Construction Partners will serve as general contractor, and Sean Devine of Newcastle Properties is the project manager. Eastgate Crossing is currently home to tenants such as HMart, Dollar Tree, CVS, Panera Bread and Citibank.

October 17, 2022

Development Industrial Nevada Western

TCC Starts Construction of 600,000 SF Phase III at Golden Triangle Logistics Center in North Las Vegas

by Amy Works October 17, 2022

NORTH LAS VEGAS, NEV. — The Newport Beach, Calif., office of Trammell Crow Co. and Washington Capital Management, on behalf of its client, have commenced construction of Phase III at the 134.7-acre Golden Triangle Logistics Center in North Las Vegas. The new phase will include 600,000 square feet of industrial space spread across two Class A buildings and bring the development’s footprint to nearly 2.3 million square feet across five buildings. Located at the southwest corner of East Washburn Road and Statz Avenue, Building 4 will feature 400,371 square feet. Slated for a mid-year 2023 completion, the rear-load facility will offer 36-foot clear heights, 63 dock-high truck doors, two drive-in doors and parking for 338 cars and 74 trailers. Located at 2815 E. Washburn Road, the 202,705-square-foot Building 5 is preleased to Fasteners Inc. Southwestern Supply. Scheduled for a spring 2023 occupancy, the rear-load facility will feature 36-foot clear heights, 29 dock-high truck doors, one drive-in door and parking for 127 cars and 35 trailers. The tenant, a wholesaler of construction equipment and supplies, will use the building as its West Coast distribution hub. Rob Lujan of JLL represented Fasteners Inc. Southwestern Supply in the lease. Donna Alderson of Cushman …

October 17, 2022

Development Loans Multifamily Washington Western

Buchanan Mortgage Provides $39M Construction Loan for Apartment Development in Lacey, Washington

by Amy Works October 17, 2022

LACEY, WASH. — Buchanan Mortgage Holdings, an affiliate of Buchanan Street Partners, has provided a $39 million non-recourse construction loan for the completion of a garden-style multifamily community in Lacey. The borrower is Harbor Custom Development. Upon completion, the 177-unit property will offer a mix of studio, one- and two-bedroom residences with Class A finishes and above-average unit sizes compared to the existing competitive set. Harbor plans to lease the community’s first phase beginning in February 2023 and complete construction in June 2023.

October 17, 2022

Development Multifamily Student Housing Washington Western

PeakMade, Blue Vista Complete Theory U District Student Housing Property Near University of Washington

by Amy Works October 14, 2022

SEATTLE — PeakMade Real Estate and Blue Vista Capital Management have completed construction of Theory U District, a 441-bed student housing development located near the University of Washington in Seattle. The seven-story community offers fully furnished studio to five-bedroom units. Shared amenities include a fitness center, study spaces, ground-level courtyard and rooftop amenity deck with views of the Seattle skyline. The community opened in September prior to the start of the 2022-2023 academic year. “We are very excited to be a part of the U District community and to serve the growing housing needs of University of Washington students with a well-conceived project,” says Jeff Githens, president of development at PeakMade Real Estate.

October 14, 2022

Development Industrial Texas

Rastegar Property Breaks Ground on 600,000 SF Industrial Project in Austin

by Taylor Williams October 14, 2022

AUSTIN, TEXAS — Locally based investment and development firm Rastegar Property Co. has broken ground on INF1NITY Park, a 600,000-square-foot industrial project in Austin. The property will be situated on 50 acres at 11708 McAngus Road near the Tesla Gigafactory and will be developed in phases. Phase I will comprise three buildings ranging in size from 90,000 to 168,000 square feet, one of which is already fully preleased. The second phase will feature a 241,920-square-foot building that will be marketed as a build-to-suit opportunity. The buildings will offer 32- to 36-foot clear heights and a total of 246 docks and 800 parking spaces.

October 14, 2022

Development Office Texas

Stream, Barings to Develop Six-Story Office Building in East Austin

by Taylor Williams October 14, 2022

AUSTIN, TEXAS — A partnership between Stream Realty Partners and Charlotte-based investment firm Barings will develop 1400 East, a six-story office building in East Austin. The square footage of the project is still being determined. Amenities will include private patios on each floor, a ground-floor paseo and onsite restaurant space, as well as a fitness center and bike valet services. HKS is the project architect. Construction is scheduled to begin in early 2023 and to be complete in late 2024.

October 14, 2022

Development Indiana Midwest Multifamily Student Housing

Brinkmann, Subtext Break Ground on Seven-Story Student Housing Property at Purdue University

by Kristin Harlow October 14, 2022

WEST LAFAYETTE, IND. — Brinkmann Constructors and Subtext have broken ground on VERVE, a seven-story student housing property located two blocks from the Purdue University campus in West Lafayette. Completion is slated for fall 2024. Located at 102 W. Wood St., the community will feature 751 beds across 235 units along with 265 parking spaces and 5,516 square feet of retail space. The units are fully furnished. Designed by WDG, the property features amenities such as a coffee bar, private study pods, group study rooms, a market, fitness center, lounge and two courtyards. The pool courtyard is equipped with an outdoor pool, hot tub, outdoor kitchen, multi-purpose turf lawn, grill stations and firepits. The Zen courtyard features a dog park and hammocks. This fall, total enrollment at Purdue reached a record high of 50,884 students.

October 14, 2022

Development Illinois Midwest Multifamily Seniors Housing

Poettker Construction Completes 92-Unit Senior Living Community in O’Fallon, Illinois

by Kristin Harlow October 14, 2022

O’FALLON, ILL. — Poettker Construction has completed Revela at O’Fallon, a 92-unit senior living community in O’Fallon, about 20 miles east of St. Louis. A grand opening event is scheduled for Tuesday, Oct. 18. The 89,000-square-foot property offers independent living, assisted living and memory support. St. Louis Design Alliance was the project architect, and Premier Senior Living is the property manager.

October 14, 2022

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