Development

Beedie to Develop 261,751 SF Pioneer Business Center Industrial Project in Las Vegas

by Amy Works March 8, 2022

LAS VEGAS — Beedie has released its plans to develop Pioneer Business Center, a two-building industrial condominium development in Las Vegas. Located at 6370 and 6340 S. Pioneer Way, Pioneer Business Center will feature two concrete tilt-up structures offering a total of 261,751 square feet of industrial space. Building 1 will offer units ranging from 7,791 square feet to 13,060 square feet, 28-foot clear heights and a pre-built structural steel mezzanine for additional office space or warehouse storage in select units. Building 2 will offer 13,186-square-foot to 20,571-square-foot units and 32-foot clear heights. Both buildings will feature best-in-class specifications, including dock and grade loading, LED warehouse lighting, three-phase power and ESFR sprinkler systems. Additionally, the development will provide users with room for ample truck maneuvering and designated onsite parking. The company has selected Kevin Higgins, Garrett Toft, Sean Zaher, Jake Higgins and Kelsey Higgins of CBRE to market and sell the development.

March 8, 2022

Acquisitions Arizona Development Restaurant Retail Western

BJ’s Restaurants Plans 7,600 SF Location in Goodyear, Arizona

by Amy Works March 8, 2022

GOODYEAR, ARIZ. — BJ’s Restaurants Inc. has purchased land to develop a BJ’s Restaurant & Brewhouse near Civic Square at GSQ, a new city hall, library and community gathering spot in Goodyear. Located on a three-acre site at the northeast corner of North 150th Drive and West McDowell Road, the family-friendly restaurant is slated to open in late 2022. Totaling more than 7,600 square feet, the new BJ’s interior will seat approximately 250 guests, with more seating at the patio and round bar. The restaurant plans to hire approximately 160 team members. BJ’s operates seven breweries in five states and offers 11 beers and ciders on tap.

March 8, 2022

Affordable Housing Development Michigan Midwest Multifamily

Local Developers Plan $134M Redevelopment of Fisher Body Plant in Detroit

by Kristin Harlow March 8, 2022

DETROIT — Jackson Asset Management and Hosey Development are planning a $134 million redevelopment of the former Fisher Body Plant 21 in Detroit, according to The Detroit News and other local media. Named Fisher 21 Lofts, the project involves the conversion of the abandoned automotive plant into 400 mixed-income housing units along with retail and commercial space. Construction could begin as early as next year. The project awaits city council approval. The city took title of the former manufacturing facility in 2000. The plant was originally built by the Fisher brothers and utilized for producing auto bodies for Cadillac and Buick.

March 8, 2022

Development Industrial Texas

Jackson-Shaw, Cabot to Develop 310,900 SF Build-to-Suit Industrial Project in Mesquite, Texas

by Taylor Williams March 8, 2022

MESQUITE, TEXAS — Locally based developer Jackson-Shaw, in partnership with Boston-based Cabot Properties, will develop a 310,900-square-foot industrial project in the eastern Dallas suburb of Mesquite. The property will be a build-to-suit corporate headquarters for automotive parts manufacturer Vehicle Accessories Inc. and will house operations such as engineering, sales, accounting, manufacturing and distribution. Jackson-Shaw is developing the project within Urban Logistics Realty’s 180-acre Alcott Station Industrial Business District. Peinado Construction is the general contractor; Halff Associates is the civil engineer; and GSR Andrade is the architect. Veritex Community Bank is providing construction financing, and CBRE has been tapped as the leasing agent. Completion is slated for the fourth quarter.

March 8, 2022

Alabama Development Industrial Southeast

Kroger, Ocado to Open 50,000 SF Last Mile Distribution Facility in Birmingham

by Julia Sanders March 8, 2022

BIRMINGHAM, ALA. — Kroger has plans to open a 50,000-square-foot distribution facility in Birmingham. The “spoke” property will serve as a last-mile cross-dock location that expands Kroger’s grocery delivery services. Cincinnati-based Kroger and UK-based Ocado Group plan to open the facility later this year. The facility will collaborate with the Kroger-Ocado hub in Forest Park, Ga. The facility is expected to create up to 161 jobs. Located at 30 West Oxmoor Road, the property will be situated 6.3 miles from downtown Birmingham and 12 miles from Birmingham-Shuttlesworth International Airport. The property is also 4.6 miles from the University of Alabama at Birmingham. Kroger also plans to open spoke facilities in Austin and San Antonio, Texas.

March 8, 2022

Development Industrial Northeast Rhode Island Self-Storage

True Storage Completes 455-Unit Self-Storage Facility in Warwick, Rhode Island

by Taylor Williams March 8, 2022

WARWICK, R.I. — New Hampshire-based self-storage developer True Storage has completed a 455-unit facility in Warwick. All of the units feature climate-controlled space. CubeSmart manages the 60,000-square-foot property, which formerly served as a manufacturing facility for Interplex, a technology and engineering firm based in Singapore. True Storage purchased the property in September 2021 when Interplex relocated.

March 8, 2022

Acquisitions Development Midwest Mixed-Use Ohio Retail Top Stories

MarketSpace Capital, Park Harbor Capital Complete Purchase of Tri-County Mall Near Cincinnati, Plan $1B Redevelopment

by John Nelson March 8, 2022

SPRINGDALE, OHIO — MarketSpace Capital and Park Harbor Capital, two private real estate investment and development firms based in Texas, have officially closed on their purchase of Tri-County Mall, an enclosed, 1.3 million-square-foot regional shopping center in the Cincinnati suburb of Springdale. The co-developers plan to transform the mostly vacant mall into a $1 billion redevelopment project housing residences, offices, restaurants, shops, a school, entertainment venues and green space. The redevelopment received unanimous approval from the Springdale City Council about 10 weeks ago. MarketSpace and Park Harbor are set to begin construction later this year on Phase I, which will include 450 apartments, 40,000 square feet of retail space and restaurants and 110,000 square feet of recreational space, including a 38,000-square-foot fitness center. Several health and wellness amenities will also feature in the initial phase, including walking and cycling trails and a park. Several local companies are involved in this project, including THP as the structural engineer and The Kleingers Group as the civil and traffic engineer. BHDP, whose founders designed the original mall in the late 1950s, will serve as the prime architect, with Human Nature serving as the landscape architect. BSB Group International will lead branding and marketing …

March 8, 2022

Development Office Texas

Cielo Property Group Reveals New Plans, Name for 46-Story Office Tower in Downtown Austin

by Taylor Williams March 7, 2022

AUSTIN — Cielo Property Group has revealed updated plans for its 46-story office tower in downtown Austin. With site plan approval now in place, the locally based developer has announced that the groundbreaking will occur this summer and that the 750,000-square-foot building will be branded Perennial. Cielo acquired the site, which comprises the southern end of a full city block, in phases over the last two years. Perennial represents the first phase of a larger development that was initially planned to feature a second office tower on the north end of the block. Cielo has since pivoted and is now formulating plans for a residential/hotel tower for that component of the site.

March 7, 2022

Development Industrial Texas

Jackson-Shaw to Develop 224-Acre Industrial Park in Metro Austin

by Taylor Williams March 7, 2022

GEORGETOWN, TEXAS — North Texas-based developer Jackson-Shaw has purchased 224 acres in the northern Austin suburb of Georgetown for the development of a business park that will be known as CrossPoint. Phase I of CrossPoint will consist of three buildings totaling 488,000 square feet on a 61.7-acre tract. In addition, Onx Homes has signed a 204,000-square-foot lease to occupy Building 1 in the initial phase of development. Joeris is the general contractor, with Powers Brown as the architect and Pacheco Koch as the civil engineering firm. CrossFirst Bank is providing construction financing, and CBRE has been tapped to lease the project. Diamond Realty is the equity partner. Construction of Phase I is slated to begin in April and be complete in the second quarter of 2023.

March 7, 2022

Development Multifamily Texas

Ryan Cos. Breaks Ground on 345-Unit Apartment Community in Austin’s Mueller District

by Taylor Williams March 7, 2022

AUSTIN, TEXAS — Minneapolis-based developer Ryan Cos. has broken ground on a 345-unit apartment community located in Austin’s Mueller District. The project will consist of two three- and five-story buildings with 2,500 square feet of retail space on the ground floor. Units will feature one-, two- and three-bedroom floor plans, with 15 percent (about 50) of residences reserved for renters earning up to 60 percent of Austin’s area median income. Specific amenities were not disclosed, but the developer stated that the project will offer outdoor gathering spaces, coworking spaces, a rooftop deck and pet care facilities. Completion is slated for late 2023.

March 7, 2022

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