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DevelopmentIndustrialKentuckySoutheast

Hunt Midwest Breaks Ground on 775,000 SF Industrial Development in Simpsonville, Kentucky

by John Nelson

SIMPSONVILLE, KY. — Kansas City-based Hunt Midwest has broken ground on the first two buildings at Simpsonville 64 Logistics Park, a 275-acre development near I-64 in metro Louisville. The first two buildings will be situated on 69 acres and feature a 270,400-square-foot, rear-load building (Building I) and a 504,440-square-foot, cross-dock facility (Building II). Building I will feature 32-foot clear heights, 27 dock-high doors (expandable up to 64), two drive-in doors, 210 car parking spaces and 80 tractor trailer parking spaces. Building II will offer 36-foot clear heights, 48 dock-high doors (expandable up to 117), four drive-in doors, 310 car parking spaces and 140 tractor trailer parking spaces. Both are tilt-up concrete panel construction with a minimum of 135-foot truck courts, 60-foot speed bays at docks, ESFR fire suppression, LED lighting and speculative office space. Both facilities will be delivered in first-quarter 2026 within 30 days of each other. The design-build team includes H2B Architects, Mindel Scott and Evans General Contractors. At full build-out, Simpsonville 64 Logistics will support up to 3.3 million square feet of industrial and commercial space. Kevin Grove, Doug Butcher and Alex Grove of CBRE are handling industrial leasing at Simpsonville 64 Logistics Park. Jody Zimmerman and …

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DevelopmentIndustrialSouth CarolinaSoutheast

Equity Industrial Partners Delivers 384,800 SF Industrial Facility Near Charleston for RoadOne

by John Nelson

SUMMERVILLE, S.C. — New England-based Equity Industrial Partners (EIP) has delivered a 384,800-square-foot industrial facility located at 1932 Dawson Branch Extension in Summerville, a suburb of Charleston. EIP, along with general contractor Frampton Construction, delivered the build-to-suit on behalf of Massachusetts-based RoadOne IntermodaLogistics Inc. The property features 100 dock doors, one drive-in ramp and 5,600 square feet of office space. The facility is situated on the Kelly Branch Tract, a 95-acre site that EIP acquired in 2023. RoadOne’s building is the first of three phases planned for the site. Phase II is currently being permitted for an additional warehouse or manufacturing facility totaling approximately 300,000 square feet.

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Affordable HousingDevelopmentHealthcareMultifamilyOfficeSoutheastVirginia

Advantage Capital Closes Financing for $51M Office-to-Residential Conversion Project in Falls Church, Virginia

by John Nelson

FALLS CHURCH, VA. — Advantage Capital has closed on the financing for Telestar Court, a $51 million office-to-residential conversion project in Falls Church, a Northern Virginia suburb of Washington, D.C. The developer is a joint venture between Conifer Realty and Joseph Browne Development Associates. Set for completion in spring 2027, the redeveloped site will deliver 80 apartments (36 one-bedroom and 44 two-bedroom) for low- to moderate-income residents earning 30 percent and 80 percent of the area median income (AMI). The property was formerly a medical office building. Advantage Capital leveraged $15 million in low-income housing tax credits (LIHTCs) in connection with the Virginia Housing Opportunity Tax Credit (HOTC) program to help fund the conversion project.

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Affordable HousingDevelopmentFloridaMultifamilySoutheast

McDowell Housing Partners to Develop 144-Unit Affordable Housing Community in Fort Myers

by John Nelson

FORT MYERS, FLA. — McDowell Housing Partners, an affordable housing developer and investor with offices in Miami and Dallas, plans to develop Ekos on Evans, a 144-unit community in Fort Myers. The firm recently closed on the acquisition of the 9.3-acre site at 3501 Evans Ave., which is situated less than two miles from downtown Fort Myers. Set for completion in fourth-quarter 2026, Ekos on Evans will feature five garden-style apartment buildings housing one-, two- and three-bedroom units ranging in size from 644 to 1,161 square feet. The units will be income-restricted for households earning 30, 60 and 70 percent of the area median income (AMI). Amenities will include a clubhouse, computer room, fitness room, terrace, grills, swimming pool, playground/tot lot and a dog park. McDowell Housing is receiving $17 million in support through Lee County’s Community Development Block Grant-Disaster Recovery funding, which is designated for areas impacted by Hurricane Ian. The developer is also using 4 percent low-income housing tax credits (LIHTC) to fund the development.

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DevelopmentMultifamilyWashingtonWestern

Koelsch Construction Completes 188-Unit Karlo Apartments in Lacey, Washington

by Amy Works

LACEY, WASH. — Koelsch Construction, on behalf of Koelsch Communities, has completed Karlo Apartments, a $66.5 million, 227,587-square-foot multifamily development in the Hawks Prairie neighborhood of Lacey. Karlo Apartments offers 188 one-, two- and three-bedroom units designed with a focus on modern craftsmanship and resident-centered living. The development caters to a mix of military families, professionals and long-term residents. Situated on 8.7 acres, the property offers a clubhouse, fitness center, pickleball and basketball courts, a children’s playground and pet play areas.

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Affordable HousingDevelopmentLoansMichiganMidwestMultifamilyWisconsin

Cinnaire Raises $340M for Affordable Housing Development, Preservation Across 11 States

by Kristin Harlow

LANSING, MICH. — Lansing-based Cinnaire has closed a $340 million Low-Income Housing Tax Credits (LIHTC) fund — the largest investment fund in the organization’s 32-year history — that will finance 33 affordable housing developments across 11 states. The financing will provide 2,455 units for more than 5,400 individuals and generate more than $844 million in local economic activity, according to Cinnaire. Specifically, Fund 43 will support developments such as Haven on Main in La Crosse, Wis., and Wellspring Recovery in Farmington Hills, Mich. Haven on Main will total 70 units with 59 affordable housing apartments and 11 market-rate units. Eighteen units are reserved for individuals with intellectual and developmental disabilities, veterans and those experiencing chronic homelessness. Half of the apartments are designed to support independent living for adults on the autism spectrum. Full supportive services will be provided by CouleeCap in partnership with Invista and Haven for Special People. Wellspring Recovery will feature 72 affordable housing units, including 60 floor plans that will be permanent supportive housing (PSH) dedicated to individuals recovering from opioid addiction. The PSH units will be housed in a separate building divided by a natural green space and supported by project-based rental assistance from Michigan State …

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CivicDevelopmentMidwestMinnesota

Kraus-Anderson Breaks Ground on $81.3M City Hall, Police Department Expansion in Burnsville, Minnesota

by Kristin Harlow

BURNSVILLE, MINN. — Kraus-Anderson has broken ground on an $81.3 million expansion of the Burnsville City Hall and police department. The property is located at 100 Civic Center Parkway in Burnsville, about six miles south of downtown Minneapolis. The facility will remain occupied and operational throughout construction, which is slated for completion in spring 2028. The 35-year-old complex will receive 110,000 square feet of additional space to better serve the city hall and police department. Designed by CNH Architects, the two-story, 212,000-square-foot project will feature state-of-the-art technology throughout; a 120,483-square-foot addition with an expanded city hall, police department, squad garage and gun range; and a 91,550-square-foot renovation of existing spaces. The complex occupies 8 acres of land that will undergo civil construction and infrastructure enhancements. Construction will be completed in three phases: the city hall addition, police department addition and city hall remodel and sitework.

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DevelopmentHealthcareMichiganMidwest

MyMichigan Health Opens 111,000 SF Cancer Center in Midland

by Kristin Harlow

MIDLAND, MICH. — MyMichigan Health has opened a new cancer center in Midland, a city in central Michigan. Hord Coplan Macht (HCM) designed the 111,000-square-foot facility, which is situated on a 225-acre wooded campus. HCM helped convert two aging medical office buildings into a modern care center through complete gut renovations, saving $12 million. The center consolidates services that were previously spread out across four buildings, including oncology, infusion, women’s health and support services. The project incorporates nature-infused architecture throughout its design.

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DevelopmentIllinoisMidwestRetail

McHugh Construction Completes $7M Parking Garage in East Dundee, Illinois

by Kristin Harlow

EAST DUNDEE, ILL. — McHugh Construction has completed a new public parking garage at 304 Hill St. in East Dundee, a far northwest suburb of Chicago. The $7 million design-build project, completed in partnership with Desmond Design, is the village’s largest infrastructure investment in years, according to McHugh. The two-level concrete structure adds 163 parking spaces to the downtown area, including a connected surface lot behind River Street Tavern and improved street parking along River Street. The garage also features 6,000 square feet of ground-level retail space. Premier Commercial Realty is currently marketing the retail space for sale on behalf of the village for $500,000. The garage features arched elevator tower windows and locally sourced blonde and red brick — a nod to the historic Hagar Brick Co. that operated for decades nearby.

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DevelopmentFloridaLoansMultifamilySoutheastTop Stories

13th Floor, Barings Receive $125M Construction Loan for Phase II of Miami Transit-Oriented Multifamily Development

by Kristin Harlow

MIAMI — South Florida-based developer 13th Floor Investments, in partnership with Barings, has received a $125 million construction loan for the second phase of Link at Douglas, a transit-oriented multifamily development in Miami. A syndicate of Santander Bank and TD Bank provided the loan. Known as Cadence, the project marks the third multifamily building at Link at Douglas, a 7-acre development located at the confluence of Miami’s Coral Gables and Coconut Grove neighborhoods. Now under construction, the 35-story tower will include 432 market-rate apartments, 12.5 percent of which will be set aside as workforce housing units. The project is adjacent to Miami-Dade County’s Douglas Road Metrorail Station. Construction is estimated to take 33 months to complete. “Securing this construction financing marks a major milestone in bringing the next phase of Link at Douglas to life,” says Daryl Shevin, CFO of 13th Floor. “It reflects strong confidence in our vision and the demand for well-located, high-quality transit-oriented housing in South Florida.” The first phase of Link at Douglas, which was completed in 2023, encompasses two fully leased multifamily towers with a total of 733 apartments. More than 30,000 square feet of retail space anchored by a Milam’s Market accompanies the 312-unit …

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