Development

JLL Arranges $133.6M Construction Loan for 19th & Church Apartments in Midtown Nashville

by John Nelson September 16, 2022

NASHVILLE, TENN. — JLL has arranged $133.6 million in construction financing for the development of 19th & Church, a 383-unit apartment development located at 1815 Church St. in Nashville’s Midtown neighborhood. Chris Knight led the JLL team that arranged the financing through Square Mile Capital Management LLC on behalf of the borrower, a joint venture between Ascend Real Estate Group and Wanxiang America Real Estate Group that is doing business as 19th Church Street LLC. Upon completion, the 16-story property will feature studio, one- and two-bedroom apartments with an average size of 814 square feet and high-end finishes. Community amenities will include a coffee bar, fitness center and yoga studio, indoor entertainment room, gourmet chef’s kitchen, music and podcast studio, an outdoor bar with TVs and bar seating, a courtyard with a pool, grilling stations and firepits and private work rooms. Additionally, 19th & Church will offer 6,000 square feet of retail space. No construction timeline was disclosed.

September 16, 2022

Affordable Housing Development Multifamily Texas

Olive Tree Holdings Underway on $10M Renovation at Metro Houston Affordable Housing Community

by Taylor Williams September 16, 2022

PASADENA, TEXAS — New York City-based Olive Tree Holdings is underway on a $10 million renovation at The Life at Park View, a 309-unit affordable housing community in the eastern Houston suburb of Pasadena. The property houses one-, two- and three-bedroom units for households earning 60 percent or less of the area median income. Renovations will include new flooring, kitchen and bathroom countertops, cabinets and appliances. To date, 59 residences have been completed, with an additional 50 in progress. Exterior improvements will include new roofing and windows, as well as plumbing and HVAC upgrades. Completion is slated for the second quarter of 2023.

September 16, 2022

Development New York Northeast Office

Kimmerle Group Completes 175,000 SF Office, Showroom Renovation Project in Manhattan

by Taylor Williams September 16, 2022

NEW YORK CITY — Kimmerle Group, a New Jersey-based design-build firm, has completed a 175,000-square-foot office and showroom renovation project at 11 Penn Plaza in Manhattan. The project is a build-to-suit for SPARC Group, a provider of apparel and accessories whose brands include Brooks Brothers, Eddie Bauer and Forever 21. Specialty areas include mock stores for national retail buildout models, showrooms to support the wholesale business and designer workshops.

September 16, 2022

Development Georgia Southeast Student Housing

Mallory & Evans Breaks Ground on Phase II of Student Housing Community Near University of North Georgia

by John Nelson September 16, 2022

DAHLONEGA, GA. — Mallory & Evans Development has broken ground on Phase II of Bellamy Dahlonega, a student housing community located near the University of North Georgia. The second phase of the project will add two buildings offering 128 beds. Phase I of the project was delivered in fall 2015 and offers 426 beds. The 44 new units will feature two-, three- and four-bedroom configurations and will be fully furnished with bed-to-bath parity. Phase II will also include the development of a new fitness center and renovations to the existing clubhouse. A timeline for the project was not announced.

September 16, 2022

Acquisitions Development Life Sciences Washington Western

LPC West, Intercontinental Real Estate Buy Site for Nine-Story Life Sciences Development Near Seattle’s Space Needle

by Amy Works September 16, 2022

SEATTLE — LPC West has partnered with Intercontinental Real Estate Corp. to acquire a development site for a nine-story life sciences building near Seattle’s Space Needle. Located on the border of the South Lake Union and Uptown neighborhoods, the building will total approximately 195,000 square feet and will cater to the needs of the city’s flourishing life sciences sector. Currently in the early design stages, the Class A building will feature views of the Space Needle, Climate Pledge Arena and the Puget Sound. Additionally, the site offers full transit accessibility with access to the Seattle Center Monorail, metro transit routes and Highway 99.

September 16, 2022

California Development Mixed-Use Multifamily Retail Western

USAA Real Estate, Hines Start Construction of Riverwalk San Diego Mixed-Use Project

by Amy Works September 16, 2022

SAN DIEGO — Hines, in partnership with USAA Real Estate, has started construction on the first phase of the 200-acre Riverwalk San Diego, a transit-oriented, mixed-use property in San Diego. The first phase will include 900 residential rental units, ranging from studios to townhomes, in five buildings along Friars Road; a neighborhood-serving retail space; village green; and traffic, sidewalk and bike lane improvements along Friars Road. Completion is slated for early 2025. The Riverwalk plan that was established through a partnership between Hines and the Levi-Cushman family landowners will transform Mission Valley West neighborhood, according to the development partnership.

September 16, 2022

California Development Retail Western

Pacific Building Group to Lead $16M Renovation of Harbor Island West Marina in San Diego

by Amy Works September 16, 2022

SAN DIEGO — HIW Associates has selected Pacific Building Group as general contractor for Harbor Island West Marina, a project including the demolition and renovation of the current marina located at 2040 Harbor Island Drive in San Diego. Estimated to cost $16 million, the 16,000-square-foot project’s scope includes the construction of two new buildings: a two-story, 9,980-square-foot retail building connected to a two-story, 5,000-square-foot marina building. The project will also include an 800-square-foot boater restroom building and recreation areas featuring a pool, picnic area and site landscaping. The marina will be renovated to include its full-service fuel dock, deli, hot tub and 620 boat slips, as well as its sailing academy. Construction on the project is slated to begin in January 2024, with completion scheduled for January 2025. Orange-based firm AO is serving as architect for the project. HIW has owned and managed the marina since 1982,

September 16, 2022

AC-by-Marriott-Element-by-Westin-San-Antonio

Development Hospitality Texas

Winston Hotels Nears Completion of 343-Room Conversion Project in Downtown San Antonio

by Taylor Williams September 15, 2022

SAN ANTONIO — Hospitality development and management firm Winston Hotels is nearing completion of a project in downtown San Antonio that will convert an office building into a 343-room dual-branded hotel. The AC by Marriott component will total 181 rooms and is scheduled to launch in early October, and the Element by Westin brand will comprise 162 rooms that are slated to come on line before the end of the year. Guests of both hotels will have access to multiple bars and lounges, a fitness center, business center and 4,000 square feet of meeting space.

September 15, 2022

Development Industrial Texas

Lineage Logistics Signs 315,111 SF Lease at Cold Storage Facility Near Port Houston

by Taylor Williams September 15, 2022

HOUSTON — Lineage Logistics, a third-party provider specializing in cold storage real estate, has signed a 315,111-square-foot lease at Houston ColdPort, a newly built facility located near Port Houston. The facility sits on 22.5 acres and features 50-foot clear heights, 200-foot truck court depths and the capacity to support 40,000 pallet positions. The developer, a partnership between CenterSquare Investment Management and Boomerang Interests, broke ground on the facility in April 2021.

September 15, 2022

Development Industrial Self-Storage Texas

Spartan Investment Group Begins 303-Unit Self-Storage Expansion Project in Huntsville, Texas

by Taylor Williams September 15, 2022

HUNTSVILLE, TEXAS — Colorado-based Spartan Investment Group has begun a 303-unit expansion project at the FreeUp Storage facility in Huntsville, about 70 miles north of Houston. The facility currently comprises 45,000 net rentable square feet of climate- and non-climate-controlled space across 320 units. On a net rentable basis, the expansion will add 31,700 square feet of climate-controlled space and 12,940 square feet of non-climate-controlled space. Spartan Investment Group expects to complete the project before the end of the year.

September 15, 2022

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